企業概要
Ategrity Specialty Insurance Company Holdings (ASIC) operates within the United States market, delivering excess and surplus lines insurance alongside reinsurance products specifically tailored for small and medium-sized businesses. The firm functions within the Financial Services sector, specifically the Insurance - Property & Casualty industry, where it provides property and casualty insurance solutions encompassing general liability and commercial lines. The company maintains a market capitalization of $1.01B and reported annual revenue of $424.34M, employing a workforce of 203 individuals. These valuation and revenue figures indicate that while the entity possesses a substantial market presence relative to its employee base, it operates as a mid-sized player in the specialized insurance landscape rather than a national insurer.
財務健全性
The company reported a Total Revenue of $424.34M over the trailing twelve months, generating Net Income of $73.11M and EBITDA of $98.17M. The significant gap between the $424.34M in revenue and the $73.11M in net income reveals a cost structure where approximately 82.6% of revenue is consumed by operating expenses, taxes, and other deductions before reaching the bottom line. However, the company generated negative Free Cash Flow of -$121,786,248, which indicates a consumption of cash for capital expenditures or working capital requirements that exceeds its operational cash generation during this period. Despite the negative cash flow from operations, the balance sheet remains robust with Cash holdings of $249.96M standing in stark contrast to minimal Debt obligations of only $2.12M. The company exhibits conservative leverage with a Debt to Equity ratio of 0.34, suggesting that equity financing is the primary source of capital and the entity is not heavily indebted. Liquidity is further supported by a Current Ratio of 1.58, which signifies that the firm holds $1.58 in current assets for every $1.00 of current liabilities, providing a comfortable buffer for short-term obligations. Furthermore, the Return on Equity stands at 15.0% while the Return on Assets is 4.7%, metrics that demonstrate management is effectively utilizing shareholder equity to generate returns, even if asset utilization is moderate due to the asset-heavy nature of insurance reserves.
バリュエーション評価
Valuation metrics for Ategrity Specialty Insurance Company Holdings show a Trailing P/E Ratio of 13.32 compared to a Forward P/E of 8.18. The substantial difference between these two figures implies that the market expects earnings growth to accelerate significantly in the coming years, allowing the current share price to justify a lower multiple on future expected profits. The Price to Book ratio is recorded at 1.65, indicating that the stock trades at a 65% premium over its tangible book value, which suggests investors are paying for intangible assets, growth potential, or brand strength within the specialty insurance niche. Alternative valuation measures include a Price to Sales ratio of 2.38 and an EV/EBITDA of 7.78, figures that collectively suggest the company is valued moderately relative to its revenue generation and earnings power before interest, taxes, depreciation, and amortization. Regarding price momentum, the stock has traded between a 52-Week High of $25.30 and a 52-Week Low of $16.35. Without a specific current price provided in the available facts to calculate an exact percentage deviation, the trading range establishes the recent volatility envelope within which the asset has moved. The Beta is listed as N/A, meaning there is no calculated historical volatility data available to quantify the stock's sensitivity to broader market movements in the standard sense.
Growth & Income
Growth dynamics for the period show a Revenue Growth of 17.9% year-over-year while Earnings Growth declined by -9.0% year-over-year. This divergence indicates that earnings are growing slower than revenue, or in this specific instance, shrinking while revenue expands, which implies that rising operating costs, lower loss ratios, or one-time charges are offsetting the top-line gains. The company does not distribute dividends to shareholders, evidenced by a Dividend Yield of N/A and a Payout Ratio of 0.0%. Consequently, the firm retains all of its Net Income of $73.11M, reinvesting these earnings directly back into the business to fund operations, growth initiatives, or to bolster the cash reserve of $249.96M. The overall growth and income profile reflects a strategy focused on capital retention and expansion rather than current income distribution, suitable for investors seeking capital appreciation in the property and casualty insurance sector.