PLMR - Palomar Holdings, Inc.
NASDAQ
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Financial Services
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Insurance—Property & Casualty
La Jolla,
United States
Type: Equity
PLMR price evolution
PLMR
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $51.85 | $53.29 | $58.6 | $80.36 |
| Short term investments | ||||
| Net receivables | $261.97 | $242.08 | $243 | $187.91 |
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $0.37 | $0.43 | $0.5 | $0.54 |
| Goodwill & intangible assets | $12.31 | $12.71 | $13.1 | $7.95 |
| Total noncurrent assets | ||||
| Total investments | $689.58 | $634.66 | $601.55 | $593.85 |
| Total assets | $1708.02 | $1626.33 | $1546.31 | $1440.99 |
| Current liabilities | ||||
| Accounts payable | $42.38 | $243.56 | $224.45 | $192.44 |
| Deferred revenue | $597.1 | $570.45 | $528.29 | $496.18 |
| Short long term debt | ||||
| Total current liabilities | $49.63 | $32.53 | $24.84 | $19.4 |
| Long term debt | $52.6 | $52.6 | $71.4 | $71.4 |
| Total noncurrent liabilities | ||||
| Total debt | $52.6 | $52.6 | $71.4 | $71.4 |
| Total liabilities | $1236.77 | $1205 | $1132.6 | $1036.34 |
| Shareholders' equity | ||||
| Retained earnings | $144.64 | $118.88 | $107.02 | $98.19 |
| Other shareholder equity | -$23.99 | -$43.22 | -$34.73 | -$31.04 |
| Total shareholder equity | $471.25 | $421.33 | $413.71 | $404.65 |
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $51.85 | $68.16 | $50.37 | $33.79 |
| Short term investments | ||||
| Net receivables | $261.97 | $162.86 | $88.01 | $48.84 |
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $0.37 | $2.29 | $0.53 | $0.74 |
| Goodwill & intangible assets | $12.31 | $8.26 | $9.5 | $11.51 |
| Total noncurrent assets | ||||
| Total investments | $689.58 | $553.64 | $465.94 | $422.31 |
| Total assets | $1708.02 | $1306.45 | $925.73 | $729.09 |
| Current liabilities | ||||
| Accounts payable | $42.38 | $23.69 | $58.74 | $42.96 |
| Deferred revenue | $597.1 | $471.31 | $284.67 | $183.49 |
| Short long term debt | ||||
| Total current liabilities | $49.63 | $25.76 | $21.28 | $20.7 |
| Long term debt | $52.6 | $36.4 | ||
| Total noncurrent liabilities | ||||
| Total debt | $52.6 | $36.4 | ||
| Total liabilities | $1236.77 | $921.7 | $531.57 | $365.38 |
| Shareholders' equity | ||||
| Retained earnings | $144.64 | $87.71 | $69.95 | $39.96 |
| Other shareholder equity | -$23.99 | -$36.52 | $5.31 | $13.25 |
| Total shareholder equity | $471.25 | $384.75 | $394.17 | $363.71 |
| (in millions $) | 31 Jan 2024 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $105.39 | $90.94 | $90.4 | $89.2 |
| Cost of revenue | $16.14 | $17.91 | $20.65 | |
| Gross Profit | $74.8 | $72.49 | $68.55 | |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $49.39 | $48.41 | $44.9 | |
| Total operating expenses | $71.11 | $49.39 | $48.41 | $44.9 |
| Operating income | $25.4 | $24.08 | $23.65 | |
| Income from continuing operations | ||||
| EBIT | $25.4 | $24.08 | $23.65 | |
| Income tax expense | $7.56 | $6.1 | $5.46 | $5.32 |
| Interest expense | -$0.82 | $0.87 | $1.06 | $1.02 |
| Net income | ||||
| Net income | $25.89 | $18.43 | $17.56 | $17.31 |
| Income (for common shares) | $18.43 | $17.56 | $17.31 | |
| (in millions $) | 31 Jan 2024 | 31 Dec 2022 | 31 Jan 2022 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $375.93 | $327.09 | $168.46 | |
| Cost of revenue | $78.67 | $64.11 | ||
| Gross Profit | $248.41 | $104.35 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $69.22 | $34.08 | ||
| Total operating expenses | $268.51 | $179.99 | $98.13 | |
| Operating income | $68.42 | $6.22 | ||
| Income from continuing operations | ||||
| EBIT | $68.42 | $6.22 | ||
| Income tax expense | $24.44 | $15.38 | -$0.03 | |
| Interest expense | -$3.77 | $0.87 | ||
| Net income | ||||
| Net income | $79.2 | $52.17 | $6.26 | |
| Income (for common shares) | $52.17 | $6.26 | ||
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $25.9 | $18.43 | $17.56 | $17.31 |
| Operating activities | ||||
| Depreciation | $4.5 | |||
| Business acquisitions & disposals | $0 | -$5.54 | ||
| Stock-based compensation | $14.91 | |||
| Total cash flows from operations | $22.27 | $70.63 | $5.77 | $17.44 |
| Investing activities | ||||
| Capital expenditures | -$1.42 | -$1.51 | -$2.17 | -$1.66 |
| Investments | -$22.9 | -$49.74 | -$11.3 | -$32.24 |
| Total cash flows from investing | -$24.32 | -$51.25 | -$19.01 | -$33.9 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $0.53 | -$5.9 | -$8.52 | -$6.34 |
| Net borrowings | -$18.8 | $35 | ||
| Total cash flows from financing | $0.62 | -$24.7 | -$8.52 | $28.66 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$1.44 | -$5.32 | -$21.76 | $12.2 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $79.2 | $52.17 | $45.85 | $6.26 |
| Operating activities | ||||
| Depreciation | $4.5 | $4.12 | $3.54 | $1.34 |
| Business acquisitions & disposals | -$5.53 | |||
| Stock-based compensation | $14.91 | $11.62 | $5.58 | $2.17 |
| Total cash flows from operations | $116.11 | $169.58 | $87.81 | $53.55 |
| Investing activities | ||||
| Capital expenditures | -$6.76 | -$5.94 | -$4.85 | -$0.13 |
| Investments | -$116.19 | -$149.91 | -$54.82 | -$171.72 |
| Total cash flows from investing | -$128.48 | -$156.81 | -$58.19 | -$181.44 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$20.23 | -$31.38 | -$13.04 | $128.33 |
| Net borrowings | $16.2 | $36.4 | ||
| Total cash flows from financing | -$3.94 | $5.02 | -$13.04 | $128.33 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$16.31 | $17.79 | $16.59 | $0.44 |
News
Fundamentals
| Market cap | $2.02B |
|---|---|
| Enterprise value | $2.02B |
| Shares outstanding | 24.77M |
| Revenue | $375.93M |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | $79.20M |
| Revenue Q/Q | 18.92% |
| Revenue Y/Y | 14.93% |
| P/E ratio | 25.45 |
|---|---|
| EV/Sales | 5.36 |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | 5.36 |
| P/B ratio | 4.07 |
| Book/Share | 19.99 |
| Cash/Share | 2.09 |
| EPS | $3.20 |
|---|---|
| ROA | 5.01% |
| ROE | 18.52% |
| Debt/Equity | 2.62 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | N/A |
| Quick ratio | N/A |