Hippo Holdings Inc. (HIPO) vs Heritage Insurance Holdings, Inc. (HRTG)

Hippo Holdings Inc. and Heritage Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Heritage Insurance Holdings, Inc. is the larger, with a market value of $1.1B against $930.5M — 1.2× the size. Heritage Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 7.4×. Hippo Holdings Inc. grew revenue faster over the last twelve months: 19.3% against 1.54%. Heritage Insurance Holdings, Inc. has the higher net margin (25.2% vs 23.9%) and the higher return on invested capital (489.1% vs 8.68%). Across the 20 metrics below, Heritage Insurance Holdings, Inc. leads on 14 and Hippo Holdings Inc. on 6.

Valuation

Metric HIPO HRTG Insurance Property & Casualty median
P/E 7.37 5.08 10.75
P/S 1.82 1.26 1.21
P/B 1.99 1.89 1.99
Price to free cash flow 16.84 3.57 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 13.58% 19.68% 9.08%
Free cash flow yield 5.94% 28.03% 12.11%

Profitability

Metric HIPO HRTG Insurance Property & Casualty median
Gross margin 100.00% 45.39% 41.16%
Operating margin 6.62% 34.46% 15.09%
Net margin 23.92% 25.19% 11.51%
Free cash flow margin 11.47% 35.21% 17.46%
Return on equity 30.34% 45.27% 17.34%
Return on assets 6.03% 8.63% 3.74%
Return on invested capital 8.68% 489.08% 12.06%

Growth

Metric HIPO HRTG Insurance Property & Casualty median
Revenue growth (TTM) 19.34% 1.54% 8.02%
EPS growth (last fiscal year) 235.37% 214.43% 39.61%
Revenue growth, 5-year CAGR 55.46% 7.38% 9.23%
Net income growth, 5-year CAGR 0.00% 83.79% 10.09%

Health

Metric HIPO HRTG Insurance Property & Casualty median
Debt to equity 0.10 0.13 0.25
Current ratio 0.95 0.83 0.42
Net debt to EBITDA 38.15 (1.77) 0.08

Dividend

Metric HIPO HRTG Insurance Property & Casualty median
Dividend yield — — 1.50%
Payout ratio — — 0.14

Size

Metric HIPO HRTG Insurance Property & Casualty median
Market cap 930.49m 1.09b 2.67b

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