Neptune Insurance Holdings Inc. Class A Common Stock (NP)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, Neptune trades at $29.17, giving it a $4.3 billion market value. FairStock calculates a P/E of 126.83, EV/EBITDA of 56.86, PEG of 3.53, and FCF yield of only 1.6%. Those are not Graham-style bargain numbers. The underlying business is an insurance agency, not a carrier: it sells residential and commercial flood, parametric earthquake, and indemnity earthquake policies through agency partners. That model can scale with few employees, and FairStock's 56.61% ROCE and 9/9 Piotroski F-Score suggest real operating quality. Growth has also been substantial. In fiscal 2025 ended 2025-12-31, revenue was $159.6 million and net income was $37.4 million; in fiscal 2023, revenue was $84.9 million and net income was $17.9 million. That is roughly 37% annual revenue growth and 45% annual profit growth over that two-year span, which is why the given Lynch category is FAST GROWER. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $55.9 million, net income of $15.8 million, and diluted EPS of $0.11. But the earnings record is uneven: fiscal 2025 diluted EPS was negative $0.26, and fiscal Q2 2025 diluted EPS was negative $0.49. The company has only 62 employees and depends on carrier partners and agency distribution, so I cannot call the moat wide. With a FairStock score of 42/100 and FairStock's Altman Z-Score of 2.62, the price already discounts years of success. I would need clearer cash flow conversion before treating this as a value opportunity.

In plain English: Neptune Insurance sells flood and earthquake insurance through agency partners, mainly in the U.S. The business is growing quickly and is profitable, with $55.9 million of revenue and $15.8 million of net income in the quarter ended 2026-06-30. The stock price looks expensive compared with its current earnings and cash flow, so the market is already expecting a lot more growth.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer