PLGO Stock Analysis: PLGO | NYSE
Insurance - Diversified | NYSE, USA | Market Cap: 2.029m USD | 12M Return: 34.7% | BMG3398L1182 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.7M
Qual. Beats: -1
Rev. Trend: -59.4%
Warnings
No concerns identified
Tailwinds
Seasonality 3.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Pelagos Insurance Capital Limited (PLGO) is a Bermuda-based specialty insurance and reinsurance company operating across Bermuda, the Republic of Ireland, and the United Kingdom. The company is structured into two segments: Insurance, which underwrites a diversified portfolio including property, marine, asset-backed finance, portfolio credit, aviation and aerospace, political risk, violence and terror, energy, and cyber lines; and Reinsurance, which provides property, retrocession, and whole account reinsurance solutions. Originally incorporated in 2014 as Fidelis Insurance Holdings Limited, the company rebranded to Pelagos Insurance Capital Limited in May 2026 and is headquartered in Pembroke, Bermuda.
Bermuda is one of the worlds leading hubs for specialty insurance and reinsurance, hosting many of the largest carriers in the global market. Reinsurance functions as insurance for primary insurers, helping them manage exposure on the risks they underwrite, while retrocession is reinsurance purchased by reinsurers to further spread their own risk.
- Reinsurance pricing hardens as property catastrophe losses mount
- Specialty insurance premium growth outpaces portfolio credit exposure
- Investment income surges on higher rates and floating rate portfolio
- Reserve releases boost combined ratio below guidance midpoint
| Net Income: 400.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 8.55 > 1.0 |
| NWC/Revenue: -185.5% < 20% (prev 64.16%; Δ -249.7% < -1%) |
| CFO/TA 0.06 > 3% & CFO 631.5m > Net Income 400.7m |
| Net Debt (231.9m) to EBITDA (502.5m): 0.46 < 3 |
| Current Ratio: 0.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.1m) vs 12m ago -22.02% < -2% |
| Gross Margin: 51.16% > 18% (prev 14.63%; Δ 36.53% > 0.5%) |
| Asset Turnover: 18.20% > 50% (prev 19.47%; Δ -1.27% > 0%) |
| Interest Coverage Ratio: 9.06 > 6 (EBIT TTM 516.7m / Interest Expense TTM 57.0m) |
| A: -0.37 (Total Current Assets 5.10b - Total Current Liabilities 9.11b) / Total Assets 10.8b |
| B: 0.07 (Retained Earnings 802.5m / Total Assets 10.8b) |
| C: 0.04 (EBIT TTM 516.7m / Avg Total Assets 11.9b) |
| D: 0.26 (Book Value of Equity 2.22b / Total Liabilities 8.54b) |
| Altman-Z'' = -1.64 = D |
As of October 10, 2026, the stock is trading at USD 24.45 with a total of 609,593 shares traded. Over the past week, the price has changed by +0.41%, over one month by -0.94%, over three months by -1.10% and over the past year by +34.74%.
Current recommended Stop Loss: 23.70 (which is 3.1% or 1.4 ATR below the current price).
PLGO has received a consensus analysts rating of 3.11. Therefore, it is recommended to hold PLGO.
- StrongBuy: 1
- Buy: 2
- Hold: 4
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 25.4 | 3.8% |
P/E Trailing = 6.027
P/E Forward = 5.2576
P/S = 0.8074
P/B = 0.8908
Revenue TTM = 2.16b USD
EBIT TTM = 516.7m USD
EBITDA TTM = 502.5m USD
Long Term Debt = 720.5m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 749.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 28.5m
Net Debt = 231.9m USD (calculated: Debt 749.0m - CCE 517.1m)
Enterprise Value = 2.26b USD (2.03b + Debt 749.0m - CCE 517.1m)
Interest Coverage Ratio = 9.06 (Ebit TTM 516.7m / Interest Expense TTM 57.0m)
EV/FCF = 3.59x (Enterprise Value 2.26b / FCF TTM 630.1m)
FCF Yield = 27.87% (FCF TTM 630.1m / Enterprise Value 2.26b)
FCF Margin = 29.15% (FCF TTM 630.1m / Revenue TTM 2.16b)
Net Margin = 18.54% (Net Income TTM 400.7m / Revenue TTM 2.16b)
Gross Margin = 51.16% ((Revenue TTM 2.16b - Cost of Revenue TTM 1.06b) / Revenue TTM)
Gross Margin QoQ = 53.14% (prev 63.45%)
Tobins Q-Ratio = 0.21 (Enterprise Value 2.26b / Total Assets 10.8b)
Interest Expense / Debt = 7.61% (Interest Expense 57.0m / Debt 749.0m)
Taxrate = 12.83% (59.0m / 459.7m)
NOPAT = 450.4m (EBIT 516.7m * (1 - 12.83%))
Current Ratio = 0.56 (Total Current Assets 5.10b / Total Current Liabilities 9.11b)
Debt / Equity = 0.34 (Debt 749.0m / totalStockholderEquity, last quarter 2.22b)
Debt / EBITDA = 0.46 (Net Debt 231.9m / EBITDA 502.5m)
Debt / FCF = 0.37 (Net Debt 231.9m / FCF TTM 630.1m)
Total Stockholder Equity = 2.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.37% (Net Income 400.7m / Total Assets 10.8b)
RoE = 17.25% (Net Income TTM 400.7m / Total Stockholder Equity 2.32b)
RoCE = 16.98% (EBIT 516.7m / Capital Employed (Equity 2.32b + L.T.Debt 720.5m))
RoIC = 29.27% (NOPAT 450.4m / Invested Capital 1.54b)
WACC = 6.79% (E(2.03b)/V(2.78b) * Re(6.85%) + D(749.0m)/V(2.78b) * Rd(7.61%) * (1-Tc(0.13)))
Discount Rate = 6.85% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.99 | Cagr: -13.63%
[DCF] Terminal Value 75.44% ; FCFF base≈630.1m ; Y1≈632.7m ; Y5≈670.2m
[DCF] Fair Price = 123.2 (EV 10.4b - Net Debt 231.9m = Equity 10.2b / Shares 82.7m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.81 | # QB: -1
Revenue Correlation: -59.40 | Revenue CAGR: -11.34% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.68 | Chg30d=+1.50% | Revisions=-10% | Analysts=9
EPS current Year (2026-12-31): EPS=2.99 | Chg30d=+0.26% | Revisions=-75% | GrowthEPS=+55.8% | GrowthRev=+6.3%
EPS next Year (2027-12-31): EPS=3.89 | Chg30d=-0.17% | Revisions=-73% | GrowthEPS=+30.2% | GrowthRev=+8.4%
[Analyst] Revisions Ratio: -67% (up=3, down=21)