American Coastal Insurance Corp

Finance
Property-Casualty Insurers
www.amcoastal.com

Earnings Score
Moat Score
Safety Score

Market Cap $550.85M
PE 7
Debt $150.00M
Cash $222.29M
EV $478.56M
FCF $243.49M

Earnings

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Sales & Net Margins

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Earnings	$75.72M
EBIT	$101.66M
ROE	32%
ROA	8%
FCF	$243.49M
Equity	$235.66M
Growth Stability	-555%
PE	7.28
PEG	-5.7
PB	2.34
P/FCF	2.26
P/S	1.86
Price/Cash	0.4
Debt/Equity	0.64
Debt/FCF	0.62
Net Margins	26%
Op. Margins	34%
Earnings CAGR	6%
Sales Growth YoY	8%
Sales Growth QoQ	-3%
Sales CAGR	-7%
FCF CAGR	5%
Equity CAGR	-7%
Earnings Stability	0.07
Earnings Growth YoY	-65%
Earnings Growth QoQ	-82%

Earnings CAGR 5Y	-1%
Sales CAGR 5Y	-25%
FCF CAGR 5Y	6%
Equity CAGR 5Y	-22%
Earnings CAGR 3Y	-26%
Sales CAGR 3Y	-26%
FCF CAGR 3Y	6%
Equity CAGR 3Y	20%
Market Cap	$550.85M
Revenue	$296.66M
Dividend Yield	4%
Payout Ratio	32%
Assets	$1.22B
Total Debt	$150.00M
Cash	$222.29M
Shares Outstanding	47.32M
EV	478.56M
Earnings Score	7%
Moat Score	93%
Safety Score	64%
Final Score	55%
Shares Growth 3y	5%
Equity Growth QoQ	-9%
Equity Growth YoY	40%

Assets & ROA

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Stockholders Equity & ROE

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American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also provides commercial multi-peril property insurance for residential condominium associations and apartments, as well as loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company offers equipment breakdown, identity theft, cyber security, and flood policies. The company markets and distributes its products through a network of independent agencies. The company was formerly known as United Insurance Holdings Corp. and changed its name to American Coastal Insurance Corporation in August 2023.

SEC Filings

Direct access to American Coastal Insurance Corp (ACIC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does American Coastal Insurance Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of American Coastal Insurance Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 6%

Stability 7%

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American Coastal Insurance Corp Discounted Cash Flow

Fully customizable DCF calculator online for American Coastal Insurance Corp.

Years

Calculation mode

= $3.4B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$243M	$255M	$267M	$280M	$293M	$307M	$322M	$337M	$353M	$370M	$387M	$3.9B
DCF		$232M	$221M	$210M	$200M	$191M	$182M	$173M	$165M	$157M	$149M	$1.5B
Value	$3.4B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	8%	1%	2%	0%	-4%	-11%	-9%	-103%	108%	26%	26%
ROA	-	1%	0%	0%	-1%	-4%	-3%	-16%	9%	8%	8%
ROE	-	2%	2%	0%	-6%	-23%	-18%	258%	184%	32%	32%

Good Net Margins (25.52%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0.87	18.15	26.96	0	-7.52	-0.53	-0.87	-1.1	0.62	0.62
Debt over Equity	0.05	0.22	0.31	0.3	0	0.38	0.48	-0.85	0.89	0.64	0.64
Growth Stability	-	-	-	2%	-555%	-	-	-	-	-	-555%

Good Debt/FCF ratio (0.62)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.64)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-555%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	36%	34%	11%	14%	3%	-25%	-28%	-37%	4%	-25%
Earnings YoY growth	-	-79%	78%	-97%	-10K%	223%	-38%	685%	-166%	-76%	-1%
Equity YoY growth	-	1%	123%	1%	-3%	-20%	-21%	-155%	-193%	40%	-22%
FCF YoY growth	-	-28%	-86%	-33%	2K%	-117%	1K%	-41%	-23%	-279%	6%