Ategrity Specialty Insurance Company Holdings (ASIC) vs Bowhead Specialty Holdings Inc. (BOW)

Ategrity Specialty Insurance Company Holdings and Bowhead Specialty Holdings Inc. are both Insurance Property & Casualty companies. Ategrity Specialty Insurance Company Holdings is the larger, with a market value of $1.3B against $1.1B — 1.1× the size. Ategrity Specialty Insurance Company Holdings trades at the lower P/E: 12.3× against 18.3×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 36.6% against 25.0%. Ategrity Specialty Insurance Company Holdings has the higher net margin (20.5% vs 10.1%) and the higher return on invested capital (14.1% vs 11.4%). Across the 20 metrics below, Ategrity Specialty Insurance Company Holdings leads on 12 and Bowhead Specialty Holdings Inc. on 8.

Valuation

Metric ASIC BOW Insurance Property & Casualty median
P/E 12.29 18.29 10.29
P/S 2.52 1.81 1.17
P/B 1.94 2.36 1.83
Price to free cash flow 7.52 3.38 7.48
EV/EBITDA 8.82 12.96 7.49
EV/Sales 2.46 1.78 1.13
Earnings yield 8.14% 5.47% 9.50%
Free cash flow yield 13.29% 29.55% 13.29%

Profitability

Metric ASIC BOW Insurance Property & Casualty median
Gross margin 28.38% 30.51% 41.16%
Operating margin 27.87% 13.50% 15.09%
Net margin 20.50% 10.11% 11.51%
Free cash flow margin 33.51% 53.45% 17.59%
Return on equity 17.22% 14.14% 18.19%
Return on assets 7.00% 2.69% 3.74%
Return on invested capital 14.08% 11.43% 12.06%

Growth

Metric ASIC BOW Insurance Property & Casualty median
Revenue growth (TTM) 36.63% 25.02% 8.69%
EPS growth (last fiscal year) 7.33% 23.26% —
Revenue growth, 5-year CAGR — — 9.23%
Net income growth, 5-year CAGR — — 10.09%

Health

Metric ASIC BOW Insurance Property & Casualty median
Debt to equity 0.00 0.31 0.25
Current ratio 0.53 0.48 0.42
Net debt to EBITDA (0.30) (1.19) 0.08

Dividend

Metric ASIC BOW Insurance Property & Casualty median
Dividend yield — — 2.79%
Payout ratio — — 0.27

Size

Metric ASIC BOW Insurance Property & Casualty median
Market cap 1.27b 1.12b 2.44b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack