Cincinnati Financial Corporation (CINF) vs Old Republic International Corporation (ORI)

Cincinnati Financial Corporation and Old Republic International Corporation are both Insurance Property & Casualty companies. Cincinnati Financial Corporation is the larger, with a market value of $25.7B against $9.3B — 2.7× the size. Cincinnati Financial Corporation trades at the lower P/E: 8.0× against 8.5×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 19.6% against 12.1%. Cincinnati Financial Corporation has the higher net margin (23.8% vs 11.7%) and the higher return on invested capital (16.7% vs 12.1%). Both pay a dividend; Old Republic International Corporation yields more (3.11% vs 2.15%). Across the 21 metrics below, Cincinnati Financial Corporation leads on 15 and Old Republic International Corporation on 6.

Valuation

Metric CINF ORI Insurance Property & Casualty median
P/E 7.99 8.47 10.75
P/S 1.89 0.98 1.21
P/B 1.58 1.56 1.99
Price to free cash flow 7.76 7.43 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 12.52% 11.81% 9.08%
Free cash flow yield 12.88% 13.46% 12.11%

Profitability

Metric CINF ORI Insurance Property & Casualty median
Gross margin 30.39% 15.79% 41.16%
Operating margin 30.16% 15.79% 15.09%
Net margin 23.84% 11.71% 11.51%
Free cash flow margin 24.37% 13.17% 17.46%
Return on equity 21.48% 18.52% 17.34%
Return on assets 8.11% 3.74% 3.74%
Return on invested capital 16.65% 12.06% 12.06%

Growth

Metric CINF ORI Insurance Property & Casualty median
Revenue growth (TTM) 19.55% 12.12% 8.02%
EPS growth (last fiscal year) 4.40% 14.81% 39.61%
Revenue growth, 5-year CAGR 10.88% 4.98% 9.23%
Net income growth, 5-year CAGR 14.50% 10.86% 10.09%

Health

Metric CINF ORI Insurance Property & Casualty median
Debt to equity 0.05 0.38 0.25
Current ratio 0.30 0.19 0.42
Net debt to EBITDA (0.17) 1.04 0.08

Dividend

Metric CINF ORI Insurance Property & Casualty median
Dividend yield 2.15% 3.11% 1.50%
Payout ratio 0.17 0.27 0.14

Size

Metric CINF ORI Insurance Property & Casualty median
Market cap 25.66b 9.34b 2.67b

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