AMERISAFE, Inc. (AMSF) vs Investors Title Company (ITIC)

AMERISAFE, Inc. and Investors Title Company are both Insurance Specialty companies. Investors Title Company is the larger, with a market value of $542.3M against $441.7M — 1.2× the size. AMERISAFE, Inc. trades at the lower P/E: 9.5× against 13.4×. AMERISAFE, Inc. grew revenue faster over the last twelve months: 9.54% against 8.67%. AMERISAFE, Inc. has the higher net margin (14.0% vs 13.8%) and the higher return on invested capital (19.9% vs 12.2%). Both pay a dividend; AMERISAFE, Inc. yields more (9.92% vs 1.11%). Across the 22 metrics below, AMERISAFE, Inc. leads on 12 and Investors Title Company on 10.

Valuation

Metric AMSF ITIC Insurance Specialty median
P/E 9.45 13.36 9.15
P/S 1.31 1.84 1.84
P/B 1.76 1.88 1.16
Price to free cash flow 22.74 20.42 8.16
EV/EBITDA 6.29 9.47 7.51
EV/Sales 1.11 1.77 2.17
Earnings yield 10.58% 7.48% 10.79%
Free cash flow yield 4.40% 4.90% 11.79%

Profitability

Metric AMSF ITIC Insurance Specialty median
Gross margin 28.37% 56.22% 73.81%
Operating margin 17.46% 17.70% 17.70%
Net margin 14.00% 13.80% 13.80%
Free cash flow margin 5.75% 9.02% 34.47%
Return on equity 18.23% 14.63% 12.01%
Return on assets 4.12% 11.14% 4.12%
Return on invested capital 19.85% 12.18% 8.77%

Growth

Metric AMSF ITIC Insurance Specialty median
Revenue growth (TTM) 9.54% 8.67% 7.53%
EPS growth (last fiscal year) (14.53%) 13.02% —
Revenue growth, 5-year CAGR (1.35%) 2.90% 2.24%
Net income growth, 5-year CAGR (11.45%) (2.25%) 0.00%

Health

Metric AMSF ITIC Insurance Specialty median
Debt to equity 0.00 0.00 0.15
Current ratio 0.43 0.52 0.53
Net debt to EBITDA (1.03) (0.44) 0.28

Dividend

Metric AMSF ITIC Insurance Specialty median
Dividend yield 9.92% 1.11% 2.60%
Payout ratio 0.38 0.14 0.21

Size

Metric AMSF ITIC Insurance Specialty median
Market cap 441.71m 542.31m 3.13b

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