Ategrity Specialty Insurance Company Holdings (ASIC) vs Stewart Information Services Corporation (STC)

Ategrity Specialty Insurance Company Holdings and Stewart Information Services Corporation are both Insurance Property & Casualty companies. Stewart Information Services Corporation is the larger, with a market value of $1.8B against $1.3B — 1.4× the size. Ategrity Specialty Insurance Company Holdings trades at the lower P/E: 12.3× against 13.0×. Ategrity Specialty Insurance Company Holdings grew revenue faster over the last twelve months: 36.6% against 22.5%. Ategrity Specialty Insurance Company Holdings has the higher net margin (20.5% vs 4.12%) and the higher return on invested capital (14.1% vs 9.12%). Across the 20 metrics below, Ategrity Specialty Insurance Company Holdings leads on 13 and Stewart Information Services Corporation on 7.

Valuation

Metric ASIC STC Insurance Property & Casualty median
P/E 12.29 12.98 10.29
P/S 2.52 0.55 1.17
P/B 1.94 1.08 1.83
Price to free cash flow 7.52 12.24 7.48
EV/EBITDA 8.82 6.01 7.49
EV/Sales 2.46 0.67 1.13
Earnings yield 8.14% 7.70% 9.50%
Free cash flow yield 13.29% 8.17% 13.29%

Profitability

Metric ASIC STC Insurance Property & Casualty median
Gross margin 28.38% 64.35% 41.16%
Operating margin 27.87% 9.19% 15.09%
Net margin 20.50% 4.12% 11.51%
Free cash flow margin 33.51% 4.50% 17.59%
Return on equity 17.22% 8.64% 18.19%
Return on assets 7.00% 4.44% 3.74%
Return on invested capital 14.08% 9.12% 12.06%

Growth

Metric ASIC STC Insurance Property & Casualty median
Revenue growth (TTM) 36.63% 22.49% 8.69%
EPS growth (last fiscal year) 7.33% 55.17% —
Revenue growth, 5-year CAGR — 5.01% 9.23%
Net income growth, 5-year CAGR — (5.70%) 10.09%

Health

Metric ASIC STC Insurance Property & Casualty median
Debt to equity 0.00 0.39 0.25
Current ratio 0.53 1.81 0.42
Net debt to EBITDA (0.30) 0.99 0.08

Dividend

Metric ASIC STC Insurance Property & Casualty median
Dividend yield — 3.10% 2.79%
Payout ratio — 0.97 0.27

Size

Metric ASIC STC Insurance Property & Casualty median
Market cap 1.27b 1.82b 2.44b

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