Abacus Global Management, Inc. (ABX) vs Lincoln National Corporation (LNC)

Abacus Global Management, Inc. and Lincoln National Corporation are both Insurance Life companies. Lincoln National Corporation is the larger, with a market value of $7.5B against $855.7M — 8.8× the size. Lincoln National Corporation trades at the lower P/E: 2.4× against 31.4×. Abacus Global Management, Inc. grew revenue faster over the last twelve months: 65.3% against 10.4%. Lincoln National Corporation has the higher net margin (15.7% vs 10.6%) and the lower return on invested capital (0.00% vs 7.11%). Across the 19 metrics below, Abacus Global Management, Inc. leads on 11 and Lincoln National Corporation on 8.

Valuation

Metric ABX LNC Insurance Life median
P/E 31.36 2.38 11.34
P/S 3.13 0.38 0.81
P/B 1.93 0.73 1.08
Price to free cash flow 9.47 11.05 7.43
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.19% 41.96% 8.82%
Free cash flow yield 10.57% 9.05% 13.20%

Profitability

Metric ABX LNC Insurance Life median
Gross margin 88.38% 0.00% 30.01%
Operating margin 31.81% 0.00% 8.83%
Net margin 10.55% 15.74% 9.93%
Free cash flow margin 33.08% 3.40% 15.40%
Return on equity 6.62% 0.00% 8.47%
Return on assets 3.29% 0.76% 0.50%
Return on invested capital 7.11% 0.00% 7.11%

Growth

Metric ABX LNC Insurance Life median
Revenue growth (TTM) 65.27% 10.35% 4.80%
EPS growth (last fiscal year) 205.88% (68.33%) (3.45%)
Revenue growth, 5-year CAGR — 0.87% 1.33%
Net income growth, 5-year CAGR 0.00% 16.83% 0.00%

Health

Metric ABX LNC Insurance Life median
Debt to equity 0.75 0.00 0.48
Current ratio 0.70 0.00 0.21
Net debt to EBITDA 3.35 (2.07) 0.12

Dividend

Metric ABX LNC Insurance Life median
Dividend yield — 4.56% 2.28%
Payout ratio — 0.11 0.28

Size

Metric ABX LNC Insurance Life median
Market cap 855.68m 7.50b 7.96b

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