International General Insurance Holdings Ltd. (IGIC) vs Waterdrop Inc. Unsponsored ADR (WDH)

International General Insurance Holdings Ltd. and Waterdrop Inc. Unsponsored ADR are both Insurance Diversified companies. International General Insurance Holdings Ltd. is the larger, with a market value of $1.0B against $280.7M — 3.7× the size. Waterdrop Inc. Unsponsored ADR trades at the lower P/E: 4.8× against 10.1×. Waterdrop Inc. Unsponsored ADR grew revenue faster over the last twelve months: 80.9% against 1.89%. International General Insurance Holdings Ltd. has the higher net margin (21.6% vs 10.8%) and the higher return on invested capital (7.38% vs 6.46%). Both pay a dividend; Waterdrop Inc. Unsponsored ADR yields more (6.00% vs 1.04%). Across the 20 metrics below, Waterdrop Inc. Unsponsored ADR leads on 13 and International General Insurance Holdings Ltd. on 7.

Valuation

Metric IGIC WDH Insurance Diversified median
P/E 10.06 4.76 11.57
P/S 2.17 0.48 1.52
P/B 1.54 0.46 1.64
Price to free cash flow 2.62 1.59 6.58
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.94% 21.00% 7.65%
Free cash flow yield 38.11% 62.81% 15.20%

Profitability

Metric IGIC WDH Insurance Diversified median
Gross margin 33.27% 57.13% 53.26%
Operating margin 11.87% 7.68% 19.02%
Net margin 21.60% 10.75% 15.94%
Free cash flow margin 0.00% 0.00% 6.29%
Return on equity 15.11% 10.75% 12.08%
Return on assets 4.82% 7.69% 5.31%
Return on invested capital 7.38% 6.46% 9.01%

Growth

Metric IGIC WDH Insurance Diversified median
Revenue growth (TTM) 1.89% 80.88% 1.89%
EPS growth (last fiscal year) (3.02%) 70.28% 28.70%
Revenue growth, 5-year CAGR 9.86% 4.16% 8.63%
Net income growth, 5-year CAGR 37.72% 0.00% 10.84%

Health

Metric IGIC WDH Insurance Diversified median
Debt to equity 0.00 0.09 0.17
Current ratio 0.65 2.19 0.47
Net debt to EBITDA (2.64) (4.16) 0.17

Dividend

Metric IGIC WDH Insurance Diversified median
Dividend yield 1.04% 6.00% 1.96%
Payout ratio 0.10 0.29 0.15

Size

Metric IGIC WDH Insurance Diversified median
Market cap 1.03b 280.69m 12.81b

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