HCI Group, Inc. (HCI) vs Slide Insurance Holdings, Inc. (SLDE)

HCI Group, Inc. and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Slide Insurance Holdings, Inc. is the larger, with a market value of $2.7B against $2.2B — 1.2× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 7.3×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 45.8% against 22.8%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs 31.3%) and the lower return on invested capital (0.00% vs 79.2%). Across the 20 metrics below, Slide Insurance Holdings, Inc. leads on 17 and HCI Group, Inc. on 3.

Valuation

Metric HCI SLDE Insurance Property & Casualty median
P/E 7.30 5.05 10.29
P/S 2.25 1.92 1.17
P/B 1.83 2.23 1.83
Price to free cash flow 5.27 2.58 7.48
EV/EBITDA 2.83 1.17 7.49
EV/Sales 1.40 0.63 1.13
Earnings yield 13.69% 19.78% 9.50%
Free cash flow yield 18.99% 38.81% 13.29%

Profitability

Metric HCI SLDE Insurance Property & Casualty median
Gross margin 59.73% 67.94% 41.16%
Operating margin 48.84% 53.05% 15.09%
Net margin 31.32% 40.02% 11.51%
Free cash flow margin 42.99% 74.49% 17.59%
Return on equity 30.46% 53.88% 18.19%
Return on assets 11.92% 17.33% 3.74%
Return on invested capital 79.17% 0.00% 12.06%

Growth

Metric HCI SLDE Insurance Property & Casualty median
Revenue growth (TTM) 22.77% 45.82% 8.69%
EPS growth (last fiscal year) 155.57% 102.37% —
Revenue growth, 5-year CAGR 23.75% — 9.23%
Net income growth, 5-year CAGR 61.50% — 10.09%

Health

Metric HCI SLDE Insurance Property & Casualty median
Debt to equity 0.06 0.02 0.25
Current ratio 0.69 1.22 0.42
Net debt to EBITDA (2.56) (2.73) 0.08

Dividend

Metric HCI SLDE Insurance Property & Casualty median
Dividend yield 1.76% — 2.79%
Payout ratio 7.62 — 0.27

Size

Metric HCI SLDE Insurance Property & Casualty median
Market cap 2.20b 2.74b 2.44b

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