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 $3.6B against $3.1B — 1.2× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.9× against 18.2×. 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%). Both pay a dividend; Palomar Holdings, Inc. yields more (0.32% vs 0.26%). 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 18.20 5.92 10.75
P/S 3.37 2.25 1.21
P/B 3.75 2.61 1.99
Price to free cash flow 9.01 3.02 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.49% 16.88% 9.08%
Free cash flow yield 11.10% 33.12% 12.11%

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% 17.46%
Return on equity 22.23% 53.88% 17.34%
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% 8.02%
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 1.22 0.42
Net debt to EBITDA (0.41) (2.73) 0.08

Dividend

Metric PLMR SLDE Insurance Property & Casualty median
Dividend yield 0.32% 0.26% 1.50%
Payout ratio 0.06 0.02 0.14

Size

Metric PLMR SLDE Insurance Property & Casualty median
Market cap 3.62b 3.10b 2.67b

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