Discounted Cash Flow

Palomar Holdings, Inc.

PLMR · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $59.5m $3.8m $20.2m 6.4% $0.22
2018 $73.0m (22.7%) $18.2m (381.6%) $22.5m (11.4%) 25.0% (292.5%) $1.07 (386.4%)
2019 $113.3m (55.3%) $10.6m (-41.7%) $41.6m (85.0%) 9.4% (-62.5%) $0.49 (-54.2%)
2020 $168.5m (48.7%) $6.3m (-41.1%) $53.4m (28.5%) 3.7% (-60.4%) $0.25 (-49.0%)
2021 $247.8m (47.1%) $45.8m (632.7%) $87.8m (64.4%) 18.5% (398.2%) $1.80 (620.0%)
2022 $327.1m (32.0%) $52.2m (13.8%) $169.3m (92.8%) 15.9% (-13.8%) $2.07 (15.0%)
2023 $375.9m (14.9%) $79.2m (51.8%) $116.1m (-31.4%) 21.1% (32.1%) $3.19 (54.1%)
2024 $553.9m (47.3%) $117.6m (48.4%) $260.9m (124.7%) 21.2% (0.8%) $4.61 (44.5%)
2025 $876.0m (58.2%) $197.1m (67.6%) $409.0m (56.8%) 22.5% (6.0%) $7.40 (60.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model