Descripción de la empresa
Ategrity Specialty Insurance Company Holdings, operating under the ticker ASIC, functions as a provider of excess and surplus lines insurance alongside reinsurance products specifically tailored for small and medium-sized businesses within the United States. The entity operates within the Financial Services sector, focusing on the Insurance - Property & Casualty industry, which signifies its role in managing risk exposure for commercial entities through liability and property coverage solutions. The company demonstrates a substantial market capitalization of $969.02M and generates an annual revenue of $424.34M, supported by a workforce of 203 employees. These valuation and revenue figures indicate that the company maintains a significant position in the specialty insurance landscape, commanding a market presence that reflects its established operational scale and capacity to underwrite complex risk profiles for its client base.
Salud financiera
The financial performance of Ategrity Specialty Insurance Company Holdings is characterized by a Trailing Twelve Months revenue of $424.34M, a net income of $73.11M, and an EBITDA of $98.17M. The substantial gap between the revenue figure and the net income reveals a cost structure where operating expenses, including commissions, reinsurance costs, and administrative overhead, consume approximately 82.6% of total revenue before arriving at the bottom line. However, the company reports a free cash flow of $-121,786,248, which indicates that despite generating positive net income, the business is currently consuming cash, likely due to significant capital expenditures or timing differences in premium collections versus claims payments. Profitability is further dissected by three distinct margins: a Gross Margin of 23.3%, an Operating Margin of 26.9%, and a Profit Margin of 17.4%, where the profit margin level indicates the final percentage of revenue retained as net income after all costs. Regarding liquidity and leverage, the company holds $249.96M in cash against a negligible debt load of $2.12M, resulting in a debt-to-equity ratio of 0.34 that suggests a highly conservative and low-leveraged balance sheet. This strong liquidity position is reinforced by a Current Ratio of 1.58, which indicates that the company possesses 1.58 dollars in current assets for every dollar of current liabilities, ensuring robust short-term solvency. Return metrics show a Return on Equity of 15.0% and a Return on Assets of 4.7%, figures that reveal management's effectiveness in generating returns for shareholders relative to the equity invested and the total asset base utilized to generate those earnings.
Evaluación de valoración
Valuation multiples for Ategrity Specialty Insurance Company Holdings show a Trailing P/E ratio of 12.76 and a Forward P/E of 7.83. The notable difference between the trailing and forward P/E ratios implies that the market expects earnings to grow significantly in the coming year, as the price investors are willing to pay for future earnings is substantially lower than the price paid for historical earnings. The Price to Book ratio stands at 1.58, indicating that the market values the company at a 58% premium over its book value, which suggests investors are paying more for the equity than the net asset value would strictly account for. Alternative valuation metrics provide additional context, with a Price to Sales ratio of 2.28 and an EV/EBITDA of 7.35, figures that suggest the company is valued at roughly 2.3 times its sales and 7.35 times its enterprise earnings before interest, taxes, depreciation, and amortization. Price volatility over the last year is bounded by a 52-Week High of $25.30 and a 52-Week Low of $16.35, meaning the current trading price sits at a specific point within this range relative to the recent high and low. The Beta value is listed as N/A, which indicates that volatility data relative to the broader market is not currently available or reported for this specific security in the provided dataset.
Growth & Income
The growth profile of the company is defined by a Revenue Growth of 17.9% Year over Year and an Earnings Growth of -9.0% Year over Year. The fact that earnings are growing at a negative rate while revenue expands at a double-digit rate implies that the cost of goods sold or operating expenses are increasing at a faster pace than revenue, temporarily compressing profitability despite top-line expansion. Regarding income distribution, the company does not pay dividends, evidenced by a Dividend Yield of N/A and a Payout Ratio of 0.0%. This absence of dividend payouts indicates that the company reinvests its earnings into growth initiatives, reserves, or operations rather than distributing cash to shareholders. The overall growth and income profile is currently one of expanding sales volume with suppressed earnings growth due to margin pressures, coupled with a strict capital retention strategy as the firm forgoes dividend payments to maintain liquidity or fund internal operations.