Abacus Global Management, Inc. (ABX) vs CNO Financial Group, Inc. (CNO)

Abacus Global Management, Inc. and CNO Financial Group, Inc. are both Insurance Life companies. CNO Financial Group, Inc. is the larger, with a market value of $5.0B against $808.7M — 6.1× the size. CNO Financial Group, Inc. trades at the lower P/E: 18.2× against 29.8×. Abacus Global Management, Inc. grew revenue faster over the last twelve months: 65.3% against 6.03%. Abacus Global Management, Inc. has the higher net margin (10.6% vs 6.02%) and the higher return on invested capital (7.11% vs 6.42%). Across the 21 metrics below, Abacus Global Management, Inc. leads on 12 and CNO Financial Group, Inc. on 9.

Valuation

Metric ABX CNO Insurance Life median
P/E 29.79 18.18 12.15
P/S 2.97 1.08 0.75
P/B 1.83 1.94 1.12
Price to free cash flow 8.99 7.20 7.78
EV/EBITDA 10.58 7.98 8.42
EV/Sales 4.12 1.72 0.80
Earnings yield 3.36% 5.50% 8.23%
Free cash flow yield 11.12% 13.89% 11.12%

Profitability

Metric ABX CNO Insurance Life median
Gross margin 88.38% 44.97% 32.44%
Operating margin 31.81% 12.30% 11.31%
Net margin 10.55% 6.02% 6.61%
Free cash flow margin 33.08% 15.04% 15.04%
Return on equity 6.62% 10.93% 8.67%
Return on assets 3.29% 0.72% 0.67%
Return on invested capital 7.11% 6.42% 8.20%

Growth

Metric ABX CNO Insurance Life median
Revenue growth (TTM) 65.27% 6.03% 7.91%
EPS growth (last fiscal year) 205.88% (38.50%) —
Revenue growth, 5-year CAGR — 3.27% 1.08%
Net income growth, 5-year CAGR 0.00% (5.35%) 0.00%

Health

Metric ABX CNO Insurance Life median
Debt to equity 0.75 1.65 0.48
Current ratio 0.70 0.15 0.21
Net debt to EBITDA 3.35 2.96 0.12

Dividend

Metric ABX CNO Insurance Life median
Dividend yield — 2.34% 2.41%
Payout ratio 0.00 1.14 0.17

Size

Metric ABX CNO Insurance Life median
Market cap 808.74m 4.95b 7.92b

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