Hamilton Insurance Group, Ltd. (HG) vs Kestrel Group Ltd (KG)

Hamilton Insurance Group, Ltd. and Kestrel Group Ltd are both Insurance Reinsurance companies. Hamilton Insurance Group, Ltd. is the larger, with a market value of $3.3B against $43.3M — 76.3× the size. Kestrel Group Ltd has negative trailing earnings, so its P/E is not meaningful; Hamilton Insurance Group, Ltd. trades at 5.6×. Kestrel Group Ltd grew revenue faster over the last twelve months: 330.9% against 15.5%. Hamilton Insurance Group, Ltd. has the higher net margin (19.6% vs −86.1%) and the higher return on invested capital (24.4% vs −9.10%). Across the 19 metrics below, Hamilton Insurance Group, Ltd. leads on 13 and Kestrel Group Ltd on 6.

Valuation

Metric HG KG Insurance Reinsurance median
P/E 5.64 n/m 7.83
P/S 1.10 0.89 0.90
P/B 1.16 0.35 1.17
Price to free cash flow 4.05 n/m 4.05
EV/EBITDA 3.12 n/m 3.25
EV/Sales 0.88 4.23 0.95
Earnings yield 17.72% (97.82%) 11.46%
Free cash flow yield 24.67% (295.07%) 19.30%

Profitability

Metric HG KG Insurance Reinsurance median
Gross margin 57.27% 46.28% 40.53%
Operating margin 28.92% (49.03%) 14.54%
Net margin 19.56% (86.07%) 9.44%
Free cash flow margin 27.22% (261.35%) 18.88%
Return on equity 21.38% (29.03%) 12.10%
Return on assets 6.11% (3.69%) 2.72%
Return on invested capital 24.36% (9.10%) 15.70%

Growth

Metric HG KG Insurance Reinsurance median
Revenue growth (TTM) 15.49% 330.91% 17.45%
EPS growth (last fiscal year) 51.23% 1,820.98% —
Revenue growth, 5-year CAGR 16.85% (28.65%) 14.51%
Net income growth, 5-year CAGR 25.10% (10.19%) 25.23%

Health

Metric HG KG Insurance Reinsurance median
Debt to equity 0.05 1.54 0.21
Current ratio 0.60 0.70 0.59
Net debt to EBITDA (1.26) (22.06) (0.03)

Dividend

Metric HG KG Insurance Reinsurance median
Dividend yield — — —
Payout ratio — 0.00 0.00

Size

Metric HG KG Insurance Reinsurance median
Market cap 3.30b 43.27m 3.15b

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