American Coastal Insurance Corp

Finance
Property-Casualty Insurers
www.amcoastal.com

Earnings Score
Moat Score

Market Cap $594.20M
PE 7
Debt -
Cash $240.40M
EV -
FCF $290.78M

Earnings

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Sales & Net Margins

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Earnings	$85.06M
EBIT	$108.86M
ROE	33%
ROA	10%
FCF	$290.78M
Equity	$259.58M
Growth Stability	-555%
PE	6.99
PEG	-9.05
PB	2.29
P/FCF	2.04
P/S	2.04
Price/Cash	0.4
Net Margins	33%
Op. Margins	37%
Earnings CAGR	5%
Sales Growth YoY	56%
Sales Growth QoQ	32%
Sales CAGR	-6%
FCF CAGR	3%
Equity CAGR	-6%

Earnings Stability	0.04
Earnings Growth YoY	166%
Earnings Growth QoQ	48%
Earnings CAGR 5Y	-1%
Sales CAGR 5Y	-24%
FCF CAGR 5Y	5%
Equity CAGR 5Y	-25%
Earnings CAGR 3Y	-29%
Sales CAGR 3Y	-29%
Equity CAGR 3Y	-0%
Market Cap	$594.20M
Revenue	$290.78M
Assets	$1.14B
Cash	$240.40M
Shares Outstanding	47.5M
Earnings Score	7%
Moat Score	95%
Shares Growth 3y	4%
Equity Growth QoQ	16%
Equity Growth YoY	115%

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-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 5%

Stability 4%

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American Coastal Insurance Corp Discounted Cash Flow

Fully customizable DCF calculator online for American Coastal Insurance Corp.

Years

Calculation mode

= $3.6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$291M	$300M	$310M	$320M	$331M	$342M	$353M	$365M	$377M	$389M	$402M	$4B
DCF		$273M	$256M	$241M	$226M	$212M	$199M	$187M	$176M	$165M	$155M	$1.6B
Value	$3.6B

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	TTM
Net Margins	8%	1%	2%	0%	-4%	-11%	-9%	-103%	108%	33%
ROA	-	1%	0%	0%	-1%	-4%	-3%	-16%	9%	10%
ROE	-	2%	2%	0%	-6%	-23%	-18%	258%	184%	33%

Good Net Margins (32.56%)

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	TTM
Debt over FCF	-	0.87	18.15	26.96	0	-7.52	-0.53	-0.87	-1.1	-
Debt over Equity	0.05	0.22	0.31	0.3	0	0.38	0.48	-0.85	0.89	-
Growth Stability	-	-	-	2%	-555%	-	-	-	-	-555%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

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	CAGR 5Y
Revenue YoY growth	-	36%	34%	11%	14%	3%	-25%	-28%	-37%	-24%
Earnings YoY growth	-	-79%	78%	-97%	-10K%	223%	-38%	685%	-166%	-1%
Equity YoY growth	-	1%	123%	1%	-3%	-20%	-21%	-155%	-193%	-25%
FCF YoY growth	-	-28%	-86%	-33%	2K%	-117%	1K%	-41%	-23%	5%