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 $4.7B against $2.7B — 1.7× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 84.8×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 45.8% against 3.75%. Slide Insurance Holdings, Inc. has the higher net margin (40.0% vs 1.25%) and the higher return on invested capital (0.00% vs 0.00%). Across the 19 metrics below, Slide Insurance Holdings, Inc. leads on 12 and Hagerty, Inc. on 7.

Valuation

Metric HGTY SLDE Insurance Property & Casualty median
P/E 84.81 5.05 10.29
P/S 0.98 1.92 1.17
P/B 2.13 2.23 1.83
Price to free cash flow 4.96 2.58 7.48
EV/EBITDA 2.03 1.17 7.49
EV/Sales 0.32 0.63 1.13
Earnings yield 1.18% 19.78% 9.50%
Free cash flow yield 20.16% 38.81% 13.29%

Profitability

Metric HGTY SLDE Insurance Property & Casualty median
Gross margin 100.00% 67.94% 41.16%
Operating margin 13.39% 53.05% 15.09%
Net margin 1.25% 40.02% 11.51%
Free cash flow margin 19.68% 74.49% 17.59%
Return on equity 2.88% 53.88% 18.19%
Return on assets 0.84% 17.33% 3.74%
Return on invested capital 0.00% 0.00% 12.06%

Growth

Metric HGTY SLDE Insurance Property & Casualty median
Revenue growth (TTM) 3.75% 45.82% 8.69%
EPS growth (last fiscal year) 270.00% 102.37% —
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 0.40 0.02 0.25
Current ratio 1.53 1.22 0.42
Net debt to EBITDA (3.42) (2.73) 0.08

Dividend

Metric HGTY SLDE Insurance Property & Casualty median
Dividend yield — — 2.79%
Payout ratio 0.00 — 0.27

Size

Metric HGTY SLDE Insurance Property & Casualty median
Market cap 4.67b 2.74b 2.44b

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