Employers Holdings Inc (EIG) vs MBIA, Inc. (MBI)

Employers Holdings Inc and MBIA, Inc. are both Insurance Specialty companies. Employers Holdings Inc is the larger, with a market value of $854.4M against $226.0M — 3.8× the size. MBIA, Inc. has negative trailing earnings, so its P/E is not meaningful; Employers Holdings Inc trades at 67.6×. Employers Holdings Inc grew revenue faster over the last twelve months: −5.83% against −8.74%. Employers Holdings Inc has the higher net margin (0.91% vs −154.3%) and the lower return on invested capital (0.55% vs 3.08%). Only Employers Holdings Inc pays a dividend (2.69%). Across the 21 metrics below, MBIA, Inc. leads on 11 and Employers Holdings Inc on 10.

Valuation

Metric EIG MBI Insurance Specialty median
P/E 67.57 n/m 9.15
P/S 1.03 2.34 1.84
P/B 1.00 n/m 1.16
Price to free cash flow 43.65 5.51 8.16
EV/EBITDA 47.71 74.33 7.51
EV/Sales 1.06 37.16 2.17
Earnings yield 1.48% (65.83%) 10.79%
Free cash flow yield 2.29% 18.15% 11.79%

Profitability

Metric EIG MBI Insurance Specialty median
Gross margin 1.25% 131.91% 73.81%
Operating margin 1.25% 50.00% 17.70%
Net margin 0.91% (154.26%) 13.80%
Free cash flow margin 2.35% 45.74% 34.47%
Return on equity 0.78% 6.47% 12.01%
Return on assets 0.22% (7.05%) 4.12%
Return on invested capital 0.55% 3.08% 8.77%

Growth

Metric EIG MBI Insurance Specialty median
Revenue growth (TTM) (5.83%) (8.74%) 7.53%
EPS growth (last fiscal year) (90.23%) 62.04% —
Revenue growth, 5-year CAGR 3.84% (22.27%) 2.24%
Net income growth, 5-year CAGR (38.20%) 0.00% 0.00%

Health

Metric EIG MBI Insurance Specialty median
Debt to equity 0.15 (1.46) 0.15
Current ratio 0.37 0.53 0.53
Net debt to EBITDA (5.61) 213.63 0.28

Dividend

Metric EIG MBI Insurance Specialty median
Dividend yield 2.69% 0.00% 2.60%
Payout ratio 0.23 0.00 0.21

Size

Metric EIG MBI Insurance Specialty median
Market cap 854.38m 226.00m 3.13b

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