Palomar Holdings, Inc. (PLMR) vs Porch Group, Inc. (PRCH)

Palomar Holdings, Inc. and Porch Group, Inc. are both Insurance Property & Casualty companies. Palomar Holdings, Inc. is the larger, with a market value of $4.1B against $2.3B — 1.8× the size. Palomar Holdings, Inc. trades at the lower P/E: 20.2× against 344×. Palomar Holdings, Inc. grew revenue faster over the last twelve months: 60.0% against 15.6%. Palomar Holdings, Inc. has the higher net margin (18.6% vs 1.81%) and the higher return on invested capital (13.5% vs 7.73%). Across the 20 metrics below, Palomar Holdings, Inc. leads on 15 and Porch Group, Inc. on 5.

Valuation

Metric PLMR PRCH Insurance Property & Casualty median
P/E 20.18 343.94 12.17
P/S 3.74 4.37 1.26
P/B 4.16 78.18 1.85
Price to free cash flow 9.99 24.29 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.95% 0.29% 8.20%
Free cash flow yield 10.01% 4.12% 11.86%

Profitability

Metric PLMR PRCH Insurance Property & Casualty median
Gross margin 24.87% 72.06% 37.39%
Operating margin 24.87% 7.97% 14.67%
Net margin 18.61% 1.81% 10.16%
Free cash flow margin 37.41% 18.60% 18.60%
Return on equity 22.23% 47.80% 16.59%
Return on assets 5.98% 1.16% 3.38%
Return on invested capital 13.54% 7.73% 9.43%

Growth

Metric PLMR PRCH Insurance Property & Casualty median
Revenue growth (TTM) 59.98% 15.64% 5.70%
EPS growth (last fiscal year) 60.04% 90.90% 39.61%
Revenue growth, 5-year CAGR 39.06% 46.17% 9.23%
Net income growth, 5-year CAGR 99.37% 0.00% 10.09%

Health

Metric PLMR PRCH Insurance Property & Casualty median
Debt to equity 0.30 13.63 0.25
Current ratio 0.50 1.46 0.49
Net debt to EBITDA (0.41) 5.36 0.08

Dividend

Metric PLMR PRCH Insurance Property & Casualty median
Dividend yield 0.29% — 1.56%
Payout ratio 0.06 — 0.15

Size

Metric PLMR PRCH Insurance Property & Casualty median
Market cap 4.10b 2.32b 2.64b

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