Heritage Insurance Holdings, Inc. (HRTG) vs United Fire Group, Inc (UFCS)

Heritage Insurance Holdings, Inc. and United Fire Group, Inc are both Insurance Property & Casualty companies. United Fire Group, Inc is the larger, with a market value of $1.4B against $1.1B — 1.3× the size. Heritage Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 10.5×. United Fire Group, Inc grew revenue faster over the last twelve months: 11.4% against 1.54%. Heritage Insurance Holdings, Inc. has the higher net margin (25.2% vs 9.57%) and the higher return on invested capital (489.1% vs 12.0%). Across the 20 metrics below, Heritage Insurance Holdings, Inc. leads on 17 and United Fire Group, Inc on 3.

Valuation

Metric HRTG UFCS Insurance Property & Casualty median
P/E 5.08 10.47 10.75
P/S 1.26 0.98 1.21
P/B 1.89 1.48 1.99
Price to free cash flow 3.57 5.39 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 19.68% 9.55% 9.08%
Free cash flow yield 28.03% 18.57% 12.11%

Profitability

Metric HRTG UFCS Insurance Property & Casualty median
Gross margin 45.39% 35.24% 41.16%
Operating margin 34.46% 12.87% 15.09%
Net margin 25.19% 9.57% 11.51%
Free cash flow margin 35.21% 18.22% 17.46%
Return on equity 45.27% 15.46% 17.34%
Return on assets 8.63% 3.67% 3.74%
Return on invested capital 489.08% 12.03% 12.06%

Growth

Metric HRTG UFCS Insurance Property & Casualty median
Revenue growth (TTM) 1.54% 11.36% 8.02%
EPS growth (last fiscal year) 214.43% 87.45% 39.61%
Revenue growth, 5-year CAGR 7.38% 5.34% 9.23%
Net income growth, 5-year CAGR 83.79% 0.00% 10.09%

Health

Metric HRTG UFCS Insurance Property & Casualty median
Debt to equity 0.13 0.15 0.25
Current ratio 0.83 0.34 0.42
Net debt to EBITDA (1.77) (0.06) 0.08

Dividend

Metric HRTG UFCS Insurance Property & Casualty median
Dividend yield — 1.35% 1.50%
Payout ratio — 0.14 0.14

Size

Metric HRTG UFCS Insurance Property & Casualty median
Market cap 1.09b 1.42b 2.67b

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