Palomar Holdings, Inc. (PLMR) vs Slide Insurance Holdings, Inc. (SLDE)

Palomar Holdings, Inc. and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Palomar Holdings, Inc. is the larger, with a market value of $4.1B against $3.1B — 1.3× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.4× against 20.2×. Palomar Holdings, Inc. grew revenue faster over the last twelve months: 60.0% against 47.1%. Slide Insurance Holdings, Inc. has the higher net margin (39.3% vs 18.6%) and the lower return on invested capital (0.00% vs 13.5%). Both pay a dividend; Palomar Holdings, Inc. yields more (0.29% vs 0.27%). Across the 19 metrics below, Slide Insurance Holdings, Inc. leads on 16 and Palomar Holdings, Inc. on 3.

Valuation

Metric PLMR SLDE Insurance Property & Casualty median
P/E 20.18 5.41 12.17
P/S 3.74 2.07 1.26
P/B 4.16 2.36 1.85
Price to free cash flow 9.99 3.20 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.95% 18.48% 8.20%
Free cash flow yield 10.01% 31.27% 11.86%

Profitability

Metric PLMR SLDE Insurance Property & Casualty median
Gross margin 24.87% 64.75% 37.39%
Operating margin 24.87% 50.68% 14.67%
Net margin 18.61% 39.28% 10.16%
Free cash flow margin 37.41% 64.74% 18.60%
Return on equity 22.23% 51.44% 16.59%
Return on assets 5.98% 19.18% 3.38%
Return on invested capital 13.54% 0.00% 9.43%

Growth

Metric PLMR SLDE Insurance Property & Casualty median
Revenue growth (TTM) 59.98% 47.09% 5.70%
EPS growth (last fiscal year) 60.04% 102.37% 39.61%
Revenue growth, 5-year CAGR 39.06% — 9.23%
Net income growth, 5-year CAGR 99.37% — 10.09%

Health

Metric PLMR SLDE Insurance Property & Casualty median
Debt to equity 0.30 0.02 0.25
Current ratio 0.50 1.26 0.49
Net debt to EBITDA (0.41) (2.73) 0.08

Dividend

Metric PLMR SLDE Insurance Property & Casualty median
Dividend yield 0.29% 0.27% 1.56%
Payout ratio 0.06 0.02 0.15

Size

Metric PLMR SLDE Insurance Property & Casualty median
Market cap 4.10b 3.10b 2.64b

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