Cincinnati Financial Corporation (CINF) vs Loews Corporation (L)

Cincinnati Financial Corporation and Loews Corporation are both Insurance Property & Casualty companies. Cincinnati Financial Corporation is the larger, with a market value of $24.9B against $21.5B — 1.2× the size. Cincinnati Financial Corporation trades at the lower P/E: 7.6× against 12.8×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 19.6% against 3.50%. Cincinnati Financial Corporation has the higher net margin (23.8% vs 9.02%) and the higher return on invested capital (16.7% vs 6.03%). Both pay a dividend; Cincinnati Financial Corporation yields more (2.99% vs 0.35%). Across the 23 metrics below, Cincinnati Financial Corporation leads on 18 and Loews Corporation on 5.

Valuation

Metric CINF L Insurance Property & Casualty median
P/E 7.58 12.85 10.29
P/S 1.80 1.15 1.17
P/B 1.50 1.08 1.83
Price to free cash flow 7.37 12.20 7.48
EV/EBITDA 5.54 10.91 7.49
EV/Sales 1.73 1.60 1.13
Earnings yield 13.19% 7.78% 9.50%
Free cash flow yield 13.57% 8.20% 13.29%

Profitability

Metric CINF L Insurance Property & Casualty median
Gross margin 30.39% 54.39% 41.16%
Operating margin 30.16% 14.69% 15.09%
Net margin 23.84% 9.02% 11.51%
Free cash flow margin 24.37% 9.45% 17.59%
Return on equity 21.48% 8.78% 18.19%
Return on assets 8.11% 1.96% 3.74%
Return on invested capital 16.65% 6.03% 12.06%

Growth

Metric CINF L Insurance Property & Casualty median
Revenue growth (TTM) 19.55% 3.50% 8.69%
EPS growth (last fiscal year) 4.40% 24.34% —
Revenue growth, 5-year CAGR 10.88% 7.96% 9.23%
Net income growth, 5-year CAGR 14.50% 0.00% 10.09%

Health

Metric CINF L Insurance Property & Casualty median
Debt to equity 0.05 0.45 0.25
Current ratio 0.30 0.25 0.42
Net debt to EBITDA (0.17) 2.88 0.08

Dividend

Metric CINF L Insurance Property & Casualty median
Dividend yield 2.99% 0.35% 2.79%
Payout ratio 0.34 0.05 0.27

Size

Metric CINF L Insurance Property & Casualty median
Market cap 24.91b 21.48b 2.44b

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