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 $25.7B against $22.2B — 1.2× the size. Cincinnati Financial Corporation trades at the lower P/E: 8.0× against 13.5×. 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 (2.15% vs 0.23%). Across the 21 metrics below, Cincinnati Financial Corporation leads on 17 and Loews Corporation on 4.

Valuation

Metric CINF L Insurance Property & Casualty median
P/E 7.99 13.53 10.75
P/S 1.89 1.21 1.21
P/B 1.58 1.13 1.99
Price to free cash flow 7.76 12.85 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 12.52% 7.39% 9.08%
Free cash flow yield 12.88% 7.78% 12.11%

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% 17.46%
Return on equity 21.48% 8.78% 17.34%
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% 8.02%
EPS growth (last fiscal year) 4.40% 24.34% 39.61%
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 2.15% 0.23% 1.50%
Payout ratio 0.17 0.03 0.14

Size

Metric CINF L Insurance Property & Casualty median
Market cap 25.66b 22.24b 2.67b

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