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 $1.1B against $286.3M — 3.7× the size. Waterdrop Inc. Unsponsored ADR trades at the lower P/E: 5.0× against 9.9×. Waterdrop Inc. Unsponsored ADR grew revenue faster over the last twelve months: 80.9% against −2.62%. International General Insurance Holdings Ltd. has the higher net margin (23.3% vs 10.8%) and the higher return on invested capital (8.64% vs 6.46%). Across the 22 metrics below, Waterdrop Inc. Unsponsored ADR leads on 14 and International General Insurance Holdings Ltd. on 8.

Valuation

Metric IGIC WDH Insurance Diversified median
P/E 9.90 4.95 11.30
P/S 2.27 0.50 1.47
P/B 1.57 0.48 1.45
Price to free cash flow 2.69 1.66 5.78
EV/EBITDA 13.13 2.49 6.62
EV/Sales 1.85 0.19 1.82
Earnings yield 10.11% 20.19% 7.87%
Free cash flow yield 37.15% 60.39% 17.30%

Profitability

Metric IGIC WDH Insurance Diversified median
Gross margin 35.80% 57.13% 53.26%
Operating margin 14.11% 7.68% 18.04%
Net margin 23.25% 10.75% 15.94%
Free cash flow margin 84.64% 0.00% 20.02%
Return on equity 16.14% 10.75% 12.08%
Return on assets 5.00% 7.69% 5.06%
Return on invested capital 8.64% 6.46% 9.01%

Growth

Metric IGIC WDH Insurance Diversified median
Revenue growth (TTM) (2.62%) 80.88% (1.11%)
EPS growth (last fiscal year) (3.02%) 70.28% —
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 0.22
Current ratio 0.61 2.19 0.48
Net debt to EBITDA (2.64) (4.16) 0.17

Dividend

Metric IGIC WDH Insurance Diversified median
Dividend yield 0.31% — 2.08%
Payout ratio 0.02 0.00 0.02

Size

Metric IGIC WDH Insurance Diversified median
Market cap 1.05b 286.30m 13.12b

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