Hagerty, Inc. (HGTY) vs Slide Insurance Holdings, Inc. (SLDE)

Hagerty, Inc. and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Hagerty, Inc. is the larger, with a market value of $5.9B against $3.2B — 1.8× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.7× against 106×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 47.1% against 3.75%. Slide Insurance Holdings, Inc. has the higher net margin (39.3% vs 0.00%) and the higher return on invested capital (0.00% vs 0.00%). Across the 17 metrics below, Slide Insurance Holdings, Inc. leads on 12 and Hagerty, Inc. on 5.

Valuation

Metric HGTY SLDE Insurance Property & Casualty median
P/E 106.00 5.67 11.87
P/S 1.22 2.17 1.26
P/B 2.59 2.47 1.99
Price to free cash flow 6.17 3.35 8.12
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 0.94% 17.63% 8.04%
Free cash flow yield 16.20% 29.83% 11.85%

Profitability

Metric HGTY SLDE Insurance Property & Casualty median
Gross margin 100.00% 64.75% 41.66%
Operating margin 13.39% 50.68% 14.71%
Net margin 0.00% 39.28% 10.84%
Free cash flow margin 0.00% 64.74% 17.46%
Return on equity 1.10% 51.44% 16.87%
Return on assets 0.32% 19.18% 3.57%
Return on invested capital 0.00% 0.00% 12.03%

Growth

Metric HGTY SLDE Insurance Property & Casualty median
Revenue growth (TTM) 3.75% 47.09% 5.92%
EPS growth (last fiscal year) 270.00% 102.37% 39.61%
Revenue growth, 5-year CAGR 23.86% — 9.23%
Net income growth, 5-year CAGR 32.47% — 10.09%

Health

Metric HGTY SLDE Insurance Property & Casualty median
Debt to equity 0.33 0.02 0.25
Current ratio 1.53 1.26 0.42
Net debt to EBITDA (3.42) (2.73) 0.08

Dividend

Metric HGTY SLDE Insurance Property & Casualty median
Dividend yield — 0.25% 1.44%
Payout ratio — 0.02 0.14

Size

Metric HGTY SLDE Insurance Property & Casualty median
Market cap 5.85b 3.23b 2.61b

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