Présentation de l'entreprise
Ategrity Specialty Insurance Company Holdings operates as a provider of excess and surplus lines insurance alongside reinsurance products tailored specifically for small and medium-sized businesses within the United States. The entity functions within the Financial Services sector, specifically targeting the Insurance - Property & Casualty industry, which focuses on underwriting risks related to property damage and liability claims for commercial entities. The company maintains a market capitalization of $1.01B and generates annual revenue of $424.34M while employing a workforce of 203 individuals. These valuation figures indicate that the market assigns a significant enterprise value to the company's underwriting capabilities, suggesting a solid position within its niche segment despite the relatively lean employee count.
Santé financière
The company reported a trailing twelve-month revenue of $424.34M, with a corresponding 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 approximately 42.6% of total revenue is consumed by operating expenses, taxes, and interest, leaving the remainder as profit. Free cash flow stands at $-121,786,248, indicating that current cash outflows for capital expenditures and working capital changes exceed operating cash generation, which limits immediate financial flexibility for large-scale acquisitions or heavy dividend payouts. Margins demonstrate a gross margin of 23.3%, reflecting the cost of underwriting relative to premiums written, while an operating margin of 26.9% suggests efficient management of operational costs before interest and taxes. The profit margin sits at 17.4%, confirming that for every dollar of revenue, the company retains roughly 17 cents as net profit after all expenses. Liquidity and solvency are further assessed by a cash position of $249.96M against minimal debt of $2.12M, resulting in a conservative debt-to-equity ratio of 0.34. The current ratio of 1.58 indicates that the company holds 1.58 dollars of liquid assets for every dollar of short-term liabilities, signifying strong short-term liquidity. Return on Equity is calculated at 15.0%, highlighting effective utilization of shareholder capital, while Return on Assets stands at 4.7%, reflecting the overall efficiency of the asset base in generating earnings.
Évaluation de la valorisation
Valuation metrics show a trailing P/E ratio of 13.26 compared to a forward P/E of 8.14, implying that the market expects earnings to grow significantly in the future to justify the lower forward multiple. The price-to-book ratio is recorded at 1.64, indicating that the stock trades at a 64% premium over its net asset value, which often reflects intangible assets or growth expectations in the insurance sector. Alternative valuation measures include a price-to-sales ratio of 2.37 and an EV/EBITDA of 7.74, suggesting the company is valued at roughly 2.4 times its sales and that enterprise value relative to earnings before interest, taxes, depreciation, and amortization is moderate for the industry. Price action over the last year defines a range between a 52-week high of $25.30 and a 52-week low of $16.35. While the exact current price is not explicitly stated in the provided facts, the valuation metrics suggest the stock is positioned within this historical volatility range. The beta is listed as N/A, meaning volatility data relative to the broader market is not available for this specific security in the current dataset.
Growth & Income
Revenue growth accelerated to 17.9% year-over-year, whereas earnings growth declined by -9.0% over the same period. This divergence implies that while the top line is expanding rapidly, operating leverage has not yet materialized or costs have increased at a faster rate than premium volume. The company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, indicating that all available earnings are retained within the business rather than distributed to shareholders. Consequently, the company reinvests its profitability into the business, likely funding operations, technology, or capacity expansion to support the observed revenue expansion. The overall profile presents a high-growth revenue trajectory supported by a conservative balance sheet, though earnings performance remains under pressure despite the top-line expansion.