Bowhead Specialty Holdings Inc. (BOW) vs Kemper Corporation (KMPR)

Bowhead Specialty Holdings Inc. and Kemper Corporation are both Insurance Property & Casualty companies. Kemper Corporation is the larger, with a market value of $1.5B against $1.1B — 1.3× the size. Kemper Corporation has negative trailing earnings, so its P/E is not meaningful; Bowhead Specialty Holdings Inc. trades at 18.3×. Bowhead Specialty Holdings Inc. grew revenue faster over the last twelve months: 25.0% against −4.46%. Bowhead Specialty Holdings Inc. has the higher net margin (10.1% vs −10.8%) and the higher return on invested capital (11.4% vs −9.97%). Across the 19 metrics below, Bowhead Specialty Holdings Inc. leads on 16 and Kemper Corporation on 3.

Valuation

Metric BOW KMPR Insurance Property & Casualty median
P/E 18.29 n/m 10.29
P/S 1.81 0.33 1.17
P/B 2.36 0.68 1.83
Price to free cash flow 3.38 37.08 7.48
EV/EBITDA 12.96 43.77 7.49
EV/Sales 1.78 0.52 1.13
Earnings yield 5.47% (33.18%) 9.50%
Free cash flow yield 29.55% 2.70% 13.29%

Profitability

Metric BOW KMPR Insurance Property & Casualty median
Gross margin 30.51% (0.55%) 41.16%
Operating margin 13.50% (10.61%) 15.09%
Net margin 10.11% (10.84%) 11.51%
Free cash flow margin 53.45% 8.68% 17.59%
Return on equity 14.14% (19.34%) 18.19%
Return on assets 2.69% (4.04%) 3.74%
Return on invested capital 11.43% (9.97%) 12.06%

Growth

Metric BOW KMPR Insurance Property & Casualty median
Revenue growth (TTM) 25.02% (4.46%) 8.69%
EPS growth (last fiscal year) 23.26% (53.36%) —
Revenue growth, 5-year CAGR — (1.65%) 9.23%
Net income growth, 5-year CAGR — (18.96%) 10.09%

Health

Metric BOW KMPR Insurance Property & Casualty median
Debt to equity 0.31 0.43 0.25
Current ratio 0.48 0.14 0.42
Net debt to EBITDA (1.19) 2.92 0.08

Dividend

Metric BOW KMPR Insurance Property & Casualty median
Dividend yield — 2.16% 2.79%
Payout ratio — 0.99 0.27

Size

Metric BOW KMPR Insurance Property & Casualty median
Market cap 1.12b 1.48b 2.44b

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