Assured Guaranty Ltd. (AGO) vs Fidelity National Financial, Inc. (FNF)

Assured Guaranty Ltd. and Fidelity National Financial, Inc. are both Insurance Specialty companies. Fidelity National Financial, Inc. is the larger, with a market value of $10.6B against $3.1B — 3.5× the size. Assured Guaranty Ltd. trades at the lower P/E: 9.5× against 14.1×. Fidelity National Financial, Inc. grew revenue faster over the last twelve months: 13.0% against −10.6%. Assured Guaranty Ltd. has the higher net margin (37.3% vs 5.03%) and the lower return on invested capital (3.91% vs 11.3%). Both pay a dividend; Fidelity National Financial, Inc. yields more (5.15% vs 2.09%). Across the 21 metrics below, Assured Guaranty Ltd. leads on 11 and Fidelity National Financial, Inc. on 10.

Valuation

Metric AGO FNF Insurance Specialty median
P/E 9.46 14.14 8.97
P/S 3.34 0.70 1.87
P/B 0.56 1.21 1.15
Price to free cash flow 9.70 1.97 8.00
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 10.57% 7.07% 10.57%
Free cash flow yield 10.31% 50.76% 12.08%

Profitability

Metric AGO FNF Insurance Specialty median
Gross margin 99.04% 55.91% 73.81%
Operating margin 46.38% 12.91% 17.70%
Net margin 37.34% 5.03% 13.80%
Free cash flow margin 34.47% 35.34% 34.47%
Return on equity 6.21% 8.76% 12.01%
Return on assets 2.84% 0.71% 4.12%
Return on invested capital 3.91% 11.32% 8.77%

Growth

Metric AGO FNF Insurance Specialty median
Revenue growth (TTM) (10.56%) 13.03% 7.53%
EPS growth (last fiscal year) 49.34% (50.71%) 5.61%
Revenue growth, 5-year CAGR (0.09%) 6.03% 2.24%
Net income growth, 5-year CAGR 6.80% (15.85%) 0.00%

Health

Metric AGO FNF Insurance Specialty median
Debt to equity 0.31 0.50 0.15
Current ratio 0.42 0.25 0.53
Net debt to EBITDA 2.24 0.71 0.28

Dividend

Metric AGO FNF Insurance Specialty median
Dividend yield 2.09% 5.15% 2.09%
Payout ratio 0.20 0.73 0.20

Size

Metric AGO FNF Insurance Specialty median
Market cap 3.07b 10.64b 3.07b

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