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 $3.3B against $2.7B — 1.2× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 16.2×. Palomar Holdings, Inc. grew revenue faster over the last twelve months: 60.0% against 45.8%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs 18.6%) and the lower return on invested capital (0.00% vs 13.5%). Across the 20 metrics below, Slide Insurance Holdings, Inc. leads on 18 and Palomar Holdings, Inc. on 2.

Valuation

Metric PLMR SLDE Insurance Property & Casualty median
P/E 16.17 5.05 10.29
P/S 2.99 1.92 1.17
P/B 3.33 2.23 1.83
Price to free cash flow 8.00 2.58 7.48
EV/EBITDA 13.05 1.17 7.49
EV/Sales 3.25 0.63 1.13
Earnings yield 6.19% 19.78% 9.50%
Free cash flow yield 12.50% 38.81% 13.29%

Profitability

Metric PLMR SLDE Insurance Property & Casualty median
Gross margin 24.87% 67.94% 41.16%
Operating margin 24.87% 53.05% 15.09%
Net margin 18.61% 40.02% 11.51%
Free cash flow margin 37.41% 74.49% 17.59%
Return on equity 22.23% 53.88% 18.19%
Return on assets 5.98% 17.33% 3.74%
Return on invested capital 13.54% 0.00% 12.06%

Growth

Metric PLMR SLDE Insurance Property & Casualty median
Revenue growth (TTM) 59.98% 45.82% 8.69%
EPS growth (last fiscal year) 60.04% 102.37% —
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 1.22 0.42
Net debt to EBITDA (0.41) (2.73) 0.08

Dividend

Metric PLMR SLDE Insurance Property & Casualty median
Dividend yield — — 2.79%
Payout ratio 0.00 — 0.27

Size

Metric PLMR SLDE Insurance Property & Casualty median
Market cap 3.31b 2.74b 2.44b

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