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SLDE NASDAQ

Slide Insurance Holdings, Inc. Common Stock
1W: +2.2% 1M: -2.4% 3M: +12.6% YTD: +27.2% 1Y: +58.4%
$23.61
-0.02 (-0.08%)
 
Weekly Expected Move ±5.8%
$21 $22 $24 $25 $26
NASDAQ · Financial Services · Insurance - Property & Casualty · Tech Score Neutral · Power 58 · $2.8B mcap · 73M float · 1.64% daily turnover · Short 64% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE
53.3 / 100
NoneWeakNarrowWide
Primary source: Cost Advantage  ·  ROIC: -66.5%
Cost Advantage ★
77
Intangibles
51
Switching Cost
67
Network Effect
28
Scale
28
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. SLDE shows a Weak competitive edge (53.3/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. Negative ROIC of -66.5% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets
$22
Low
$25
Avg Target
$28
High
Based on 2 analysts since Jul 28, 2026 earnings
Analyst Recommendations
Strong Buy: 0Buy: 4Hold: 1Sell: 0Strong Sell: 0
Rating Summary
ConsensusBuy
Avg Target$24.25
Analysts4
Price Target Change History
DateFirmAnalystOldNewChangeUpside @ CallStock@Call
2026-08-03 Morgan Stanley — $20 $22 +2 +9.1% $20.16
2026-07-29 Barclays Alex Scott $27 $28 +1 +30.8% $21.40
2026-07-07 Barclays Alex Scott $31 $27 -4 +28.1% $21.07
2026-07-06 Morgan Stanley — $21 $20 -1 -5.9% $21.25
2026-04-29 Barclays — Initiated $31 — +64.3% $18.87
2025-11-17 Morgan Stanley — $18 $21 +3 +26.2% $16.65
2025-09-02 Piper Sandler — $25 $18 -7 +33.5% $13.48
2025-08-18 Morgan Stanley Bob Jian Huang Initiated $18 — +21.3% $14.84
2025-07-14 Piper Sandler Paul Newsome Initiated $25 — +28.6% $19.44
2025-07-14 JMP Securities Matthew Carletti Initiated $25 — +30.8% $19.12

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A
Oct 02, 2026
DCF
4
ROE
5
ROA
5
D/E
2
P/E
4
P/B
2
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. SLDE receives an overall rating of A. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5), P/E (4/5). Areas of concern: D/E (2/5), P/B (2/5).
Rating Change History
DateFromTo
2026-10-01 A+ A
2026-07-31 C+ A+
2026-07-29 A+ C+
2026-07-01 A A+
2026-04-30 A- A
2026-04-28 C+ A-
2026-02-26 A C+
2026-01-30 A+ A
2026-01-03 A- A+
2025-12-30 A A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 88 Grade A+
Profitability
97
Balance Sheet
84
Earnings Quality
60
Growth
82
Value
78
Momentum
100
Safety
100
Cash Flow
100
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. SLDE scores highest in Safety (100/100) and lowest in Earnings Quality (60/100). An overall grade of A+ places SLDE among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-I Score
13.11
Safe Zone
Piotroski F-Score
7/9
✓ ✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓
Beneish M-Score
-3.73
Unlikely Manipulator
Ohlson O-Score
-8.80
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
AA+
Score: 94.7/100
Trend: Stable
Earnings Quality
75/100
OCF/NI: 1.87x
Accruals: -15.0%
The Altman-I Score is adapted for insurance companies, emphasizing return on equity, tangible net worth, and cash reserves alongside the standard equity and earnings components. SLDE scores 13.11, placing it in the Safe Zone (safe > 3.0, distress < 1.5). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. SLDE scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. SLDE's score of -3.73 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. SLDE's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. SLDE receives an estimated rating of AA+ (score: 94.7/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). SLDE's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
5.17x
PEG
0.04x
P/S
1.99x
P/B
2.36x
P/FCF
2.47x
P/OCF
2.46x
EV/EBITDA
0.72x
EV/Revenue
0.38x
EV/EBIT
0.71x
EV/FCF
0.51x
Earnings Yield
21.75%
FCF Yield
40.48%
Shareholder Yield
7.47%
Graham Number
$29.30
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 5.2x earnings, SLDE trades at a deep value multiple. An earnings yield of 21.7% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $29.30 per share, suggesting a potential 24% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
0.758
NI / EBT
×
Interest Burden
0.996
EBT / EBIT
×
EBIT Margin
0.530
EBIT / Rev
×
Asset Turnover
0.433
Rev / Assets
×
Equity Multiplier
3.109
Assets / Equity
=
ROE
53.9%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. SLDE's ROE of 53.9% is driven by financial leverage (equity multiplier: 3.11x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate
15.00%
Fair P/E
38.50x
Intrinsic Value
$162.17
Price/Value
0.12x
Margin of Safety
88.06%
Premium
-88.06%
Assessment
Undervalued
Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with SLDE's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. At an intrinsic value of $162.17, SLDE appears undervalued with a 88% margin of safety. The adjusted fair P/E of 38.5x compares to the current market P/E of 5.2x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 325 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$23.61
Median 1Y
$23.75
5th Pctile
$10.68
95th Pctile
$52.81
Ann. Volatility
47.8%
Analyst Target
$24.25
25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Bruce Lucas
Chairman and Chief Executive Officer
$952,813 $— $3,989,502
Shannon Lucas Operating
and Chief Operating Officer
$714,610 $— $2,343,271
Jesse Schalk Financial
ief Financial Officer
$617,400 $— $664,485
Andy Omiridis Financial
ancial Officer
$37,500 $— $387,500

CEO Pay Ratio

15:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $3,989,502
Avg Employee Cost (SGA/emp): $266,613
Employees: 504

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
504
Revenue / Employee
$2,293,454
Rev: $1,155,901,000
Profit / Employee
$880,869
NI: $443,958,000
SGA / Employee
$266,613
Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
ROE 8.1% 18.8% 31.6% 44.1% 53.9% 53.88%
ROA 2.5% 6.7% 12.0% 17.0% 17.3% 17.33%
ROIC -1.1% 1.7% -3.8% -4.4% -66.5% -66.45%
ROCE 3.5% 9.2% 40.4% 55.8% 21.3% 21.34%
Gross Margin 52.8% 73.8% 1.2% 71.5% 71.9% 71.89%
Operating Margin 36.8% 55.3% 64.0% 47.7% 46.1% 46.14%
Net Margin 26.8% 41.8% 49.1% 35.8% 34.9% 34.86%
EBITDA Margin 38.3% 56.9% 60.7% 48.1% 46.0% 46.02%
FCF Margin 96.6% 52.6% 79.9% 78.1% 74.5% 74.49%
OCF Margin 96.9% 52.9% 80.1% 78.4% 74.7% 74.67%
ROIC Economic snapshot only 46.09%
Cash ROA snapshot only 28.81%
NOPAT Margin snapshot only 40.02%
Pretax Margin snapshot only 52.79%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 11.25%
SBC / Revenue snapshot only 0.25%
Valuation
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
P/E Ratio 38.94 12.22 7.66 5.01 4.60 5.166
P/S Ratio 10.43 4.20 3.08 1.95 1.84 1.986
P/B Ratio 3.14 2.29 2.42 2.21 2.14 2.358
P/FCF 10.80 7.98 3.86 2.49 2.47 2.470
P/OCF 10.76 7.93 3.84 2.48 2.46 2.465
EV/EBITDA 17.94 5.39 3.22 1.90 0.72 0.722
EV/Revenue 6.87 2.57 1.70 0.98 0.38 0.378
EV/EBIT 18.50 5.52 3.18 1.89 0.71 0.713
EV/FCF 7.11 4.89 2.13 1.25 0.51 0.507
Earnings Yield 2.6% 8.2% 13.1% 20.0% 21.7% 21.75%
FCF Yield 9.3% 12.5% 25.9% 40.2% 40.5% 40.48%
PEG Ratio snapshot only 0.042
Price/Tangible Book snapshot only 2.341
EV/OCF snapshot only 0.506
EV/Gross Profit snapshot only 0.449
Acquirers Multiple snapshot only 0.716
Shareholder Yield snapshot only 7.47%
Graham Number snapshot only $29.30
Leverage & Solvency
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Current Ratio — 46.76 1.27 1.21 17.68 17.676
Quick Ratio — 46.76 1.27 1.21 17.68 17.676
Debt/Equity 0.05 0.05 0.04 0.04 0.03 0.032
Net Debt/Equity -1.07 -0.89 -1.08 -1.10 -1.70 -1.700
Debt/Assets 0.02 0.02 0.01 0.01 0.01 0.011
Debt/EBITDA 0.45 0.18 0.09 0.06 0.05 0.053
Net Debt/EBITDA -9.29 -3.42 -2.61 -1.89 -2.79 -2.795
Interest Coverage 108.59 135.87 173.60 184.25 205.73 205.731
Equity Multiplier 3.24 2.79 2.62 2.59 3.01 3.012
Cash Ratio snapshot only 13.710
Debt Service Coverage snapshot only 203.188
Cash to Debt snapshot only 53.552
FCF to Debt snapshot only 26.767
Defensive Interval snapshot only 1852.9 days
Efficiency & Turnover
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Asset Turnover 0.09 0.20 0.30 0.44 0.43 0.433
Inventory Turnover — — — — — —
Receivables Turnover 0.69 1.52 3.04 5.63 5.32 5.320
Payables Turnover 0.26 0.78 0.65 2.24 0.38 0.384
DSO 527 239 120 65 69 68.6 days
DIO 0 0 0 0 0 0.0 days
DPO 1420 468 561 163 951 950.8 days
Cash Conversion Cycle -893 -228 -441 -98 -882 -882.2 days
Cash Velocity snapshot only 0.671
Capital Intensity snapshot only 2.592
Growth (YoY)
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue — — — — 4.3% 4.31%
Net Income — — — — 6.9% 6.93%
EPS — — — — 6.6% 6.57%
FCF — — — — 3.1% 3.09%
EBITDA — — — — 6.3% 6.25%
Op. Income — — — — 6.6% 6.61%
OCF Growth snapshot only 3.09%
Asset Growth snapshot only 27.90%
Equity Growth snapshot only 37.64%
Debt Growth snapshot only -13.45%
Shares Change snapshot only 4.73%
Growth Quality
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Revenue Stability — — — — — —
Earnings Stability — — — — — —
Margin Stability — — — — — —
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.500
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.500
FCF Positive Streak 0 0 0 0 1 0
Earnings Persistence — — — — — —
Earnings Smoothness — — — — 0.00 0.000
ROE Trend — — — — — —
Gross Margin Trend — — — — — —
FCF Margin Trend — — — — — —
Sustainable Growth Rate 8.1% 18.8% 31.6% 44.1% 53.9% 53.88%
Internal Growth Rate 2.6% 7.2% 13.7% 20.5% 21.0% 20.97%
Cash Flow Quality
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
OCF/Net Income 3.62 1.54 1.99 2.02 1.87 1.866
FCF/OCF 1.00 0.99 1.00 1.00 1.00 0.998
FCF/Net Income snapshot only 1.862
OCF/EBITDA snapshot only 1.427
CapEx/Revenue 0.3% 0.3% 0.3% 0.2% 0.2% 0.18%
Accruals Ratio -0.07 -0.04 -0.12 -0.17 -0.15 -0.150
Sloan Accruals snapshot only 0.788
Cash Flow Adequacy snapshot only 422.409
Earnings Quality Score snapshot only 0.750
Dividends & Buybacks
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Dividend Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.30%
Dividend/Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.07
Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
FCF Payout Ratio 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Total Payout Ratio 0.0% 11.0% 0.0% 27.9% 34.4% 34.36%
Div. Increase Streak — — — — — —
Chowder Number — — — — — —
Buyback Yield 0.0% 0.9% 0.0% 5.6% 7.5% 7.47%
Net Buyback Yield -9.7% -11.0% -0.0% 5.6% -2.8% -2.78%
Total Shareholder Return -9.7% -11.0% -0.0% 5.6% -2.8% -2.78%
DuPont Factors
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Tax Burden (NI/EBT) 0.73 0.74 0.76 0.75 0.76 0.758
Interest Burden (EBT/EBIT) 0.99 0.99 0.99 1.00 1.00 0.996
EBIT Margin 0.37 0.46 0.54 0.52 0.53 0.530
Asset Turnover 0.09 0.20 0.30 0.44 0.43 0.433
Equity Multiplier 3.24 2.79 2.62 2.59 3.11 3.109
Per Share
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
EPS (Diluted TTM) $0.56 $1.29 $2.54 $3.59 $4.21 $4.21
Book Value/Share $6.89 $6.88 $8.05 $8.15 $9.06 $10.01
Tangible Book/Share $6.84 $6.85 $7.35 $7.49 $8.27 $8.27
Revenue/Share $2.08 $3.76 $6.32 $9.25 $10.53 $11.64
FCF/Share $2.01 $1.98 $5.05 $7.23 $7.84 $8.67
OCF/Share $2.01 $1.99 $5.07 $7.25 $7.86 $8.69
Cash/Share $7.74 $6.45 $9.04 $9.27 $15.69 $17.34
EBITDA/Share $0.80 $1.79 $3.34 $4.75 $5.51 $5.51
Debt/Share $0.35 $0.32 $0.31 $0.31 $0.29 $0.29
Net Debt/Share $-7.39 $-6.13 $-8.72 $-8.97 $-15.39 $-15.39
Academic Models
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Altman-I Score — — — — — 13.110
Altman Z-Prime snapshot only 8.010
Piotroski F-Score 4 4 4 4 7 7
Beneish M-Score — — — — -3.73 -3.729
Ohlson O-Score snapshot only -8.803
ROIC (Greenblatt) snapshot only 29.23%
Net-Net WC snapshot only $2.00
Credit
Metric Trend Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Current
Credit Rating snapshot only AA+
Credit Score 95.37 94.67 94.40 94.63 94.71 94.706
Credit Grade snapshot only 2
Credit Trend snapshot only -0.661
Implied Spread (bps) snapshot only 65.000
Industry Credit Rank snapshot only 83
Sector Credit Rank snapshot only 96

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