HALL · Hallmark Financial Services Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $159.92M | $404.70M | $478.75M | $486.37M | $379.27M | $385.52M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $2.02M | $3.43M | $5.75M | $5.37M | $5.14M | $4.71M |
| Operating Income | ($127.07M) | ($115.77M) | ($114.16M) | ($1.03M) | $12.80M | ($16.57M) |
| Interest Expense | $5.90M | $4.99M | $5.33M | $5.41M | $4.54M | $4.51M |
| Income Tax | $7.86M | $2.49M | ($22.51M) | ($407.0K) | $2.46M | ($5.02M) |
| Net Income | ($108.11M) | $9.00M | ($91.66M) | ($625.0K) | $10.35M | ($11.55M) |
| EPS - Basic | ($59.47) | $5.00 | ($50.50) | ($0.30) | $5.70 | ($6.30) |
| EPS - Diluted | ($59.47) | $5.00 | ($50.50) | ($0.30) | $5.70 | ($6.30) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $59.13M | $352.87M | $102.58M | $53.34M | $35.59M | $64.98M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $1.54B | $1.55B | $1.49B | $1.50B | $1.26B | $1.23B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.48B | $1.38B | $1.31B | $1.23B | $1.01B | $980.01M |
| Stockholders' Equity | $60.29M | $175.52M | $170.92M | $263.28M | $255.53M | $251.12M |
| Retained Earnings | ($33.41M) | $74.70M | $68.92M | $160.57M | $161.19M | $136.47M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($164.96M) | $43.77M | ($69.33M) | $27.67M | ($32.94M) | $7.20M |
| Investing Cash Flow | ($103.10M) | $204.60M | $122.69M | ($32.35M) | $7.34M | ($16.77M) |
| Financing Cash Flow | - | - | - | $19.16M | ($1.56M) | ($5.08M) |
| CapEx | $2.36M | $1.91M | $1.67M | $4.19M | $2.10M | $2.71M |
| Free Cash Flow | ($167.31M) | $41.86M | ($70.99M) | $23.48M | ($35.04M) | $4.49M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -79.5% | -28.6% | -23.8% | -0.2% | 3.4% | -4.3% |
| EBITDA margin | -78.2% | -27.8% | -22.6% | 0.9% | 4.7% | -3.1% |
| Net margin | -67.6% | 2.2% | -19.1% | -0.1% | 2.7% | -3.0% |
| Free cash flow margin | -104.6% | 10.3% | -14.8% | 4.8% | -9.2% | 1.2% |
| FCF / Net income | 1.55 | 4.65 | 0.77 | -37.57 | -3.39 | -0.39 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | 21.7% | - | - | 19.2% | - |
| Return on assets | -7.0% | 0.6% | -6.2% | -0.0% | 0.8% | -0.9% |
| Return on equity | -179.3% | 5.1% | -53.6% | -0.2% | 4.0% | -4.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -21.5x | -23.2x | -21.4x | -0.2x | 2.8x | -3.7x |
| Equity multiplier | 25.49 | 8.85 | 8.69 | 5.68 | 4.95 | 4.90 |
| Liabilities / Assets | 0.96 | 0.89 | 0.88 | 0.82 | 0.80 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 0.10 | 0.26 | 0.32 | 0.33 | 0.30 | 0.31 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 8.7x | - | - | - | - |
| P / B | 0.2x | 4.5x | 3.8x | - | - | - |
| P / S | 0.1x | 2.0x | 1.3x | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -60.5% | -15.5% | -1.6% | 28.2% | -1.6% | 2.5% |
| Revenue CAGR (3y) | -31.0% | 2.2% | 7.5% | 9.0% | 0.6% | 4.5% |
| Revenue CAGR (5y) | -16.1% | 1.5% | 5.2% | 7.6% | -0.5% | 2.4% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -9.8% | -1.4% | -10962.2% | - | - | - |
| Net income growth (YoY) | - | - | -14564.8% | - | - | - |
| EPS growth (YoY) | - | - | -16733.3% | - | - | - |
| EPS CAGR (3y) | - | -4.3% | - | - | 71.5% | - |
| EPS CAGR (5y) | - | 71.2% | - | - | 67.7% | - |
| FCF growth (YoY) | - | - | - | - | - | -83.1% |
| FCF CAGR (5y) | - | 9.6% | - | -6.7% | - | -33.1% |
| Book value growth (YoY) | -65.6% | 2.7% | -35.1% | 3.0% | 1.8% | -5.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$404.70M totalSpecialty Commercial Segment$252.37M · 62.4%
Personal Segment$73.97M · 18.3%
Standard Commercial Segment$71.30M · 17.6%
Corporate$7.07M · 1.7%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
1/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Insurance Carriers, NEC
Comparing HALLMARK FINANCIAL SERVICES INC against the 2 most active filers in the same SIC group.