James River Group Holdings, Ltd. (JRVR) vs Octave Specialty Group, Inc. (OSG)

James River Group Holdings, Ltd. and Octave Specialty Group, Inc. are both Insurance Specialty companies. Octave Specialty Group, Inc. is the larger, with a market value of $186.5M against $163.3M — 1.1× the size. Octave Specialty Group, Inc. has negative trailing earnings, so its P/E is not meaningful; James River Group Holdings, Ltd. trades at 6.9×. Octave Specialty Group, Inc. grew revenue faster over the last twelve months: 26.8% against −1.82%. James River Group Holdings, Ltd. has the higher net margin (3.47% vs −51.1%) and the higher return on invested capital (3.99% vs −1.66%). Across the 20 metrics below, James River Group Holdings, Ltd. leads on 13 and Octave Specialty Group, Inc. on 7.

Valuation

Metric JRVR OSG Insurance Specialty median
P/E 6.92 n/m 9.15
P/S 0.25 0.59 1.84
P/B 0.31 0.23 1.16
Price to free cash flow n/m n/m 8.16
EV/EBITDA 5.80 17.48 7.51
EV/Sales 0.44 1.30 2.17
Earnings yield 14.45% (87.11%) 10.79%
Free cash flow yield (1.41%) (32.67%) 11.79%

Profitability

Metric JRVR OSG Insurance Specialty median
Gross margin 35.43% 75.14% 73.81%
Operating margin 7.63% (7.39%) 17.70%
Net margin 3.47% (51.11%) 13.80%
Free cash flow margin (0.35%) (19.37%) 34.47%
Return on equity 4.47% (17.75%) 12.01%
Return on assets 0.46% (3.03%) 4.12%
Return on invested capital 3.99% (1.66%) 8.77%

Growth

Metric JRVR OSG Insurance Specialty median
Revenue growth (TTM) (1.82%) 26.78% 7.53%
EPS growth (last fiscal year) 125.82% 44.63% —
Revenue growth, 5-year CAGR 0.56% 10.00% 2.24%
Net income growth, 5-year CAGR 52.32% 0.00% 0.00%

Health

Metric JRVR OSG Insurance Specialty median
Debt to equity 0.50 0.19 0.15
Current ratio 0.63 0.83 0.53
Net debt to EBITDA 0.43 (14.51) 0.28

Dividend

Metric JRVR OSG Insurance Specialty median
Dividend yield 2.22% — 2.60%
Payout ratio 0.21 0.00 0.21

Size

Metric JRVR OSG Insurance Specialty median
Market cap 163.26m 186.51m 3.13b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack