MBIA, Inc. (MBI) vs Octave Specialty Group, Inc. (OSG)

MBIA, Inc. and Octave Specialty Group, Inc. are both Insurance Specialty companies. MBIA, Inc. is the larger, with a market value of $226.0M against $186.5M — 1.2× the size. Octave Specialty Group, Inc. grew revenue faster over the last twelve months: 26.8% against −8.74%. Octave Specialty Group, Inc. has the higher net margin (−51.1% vs −154.3%) and the lower return on invested capital (−1.66% vs 3.08%). Across the 18 metrics below, MBIA, Inc. leads on 9 and Octave Specialty Group, Inc. on 9.

Valuation

Metric MBI OSG Insurance Specialty median
P/E n/m n/m 9.15
P/S 2.34 0.59 1.84
P/B n/m 0.23 1.16
Price to free cash flow 5.51 n/m 8.16
EV/EBITDA 74.33 17.48 7.51
EV/Sales 37.16 1.30 2.17
Earnings yield (65.83%) (87.11%) 10.79%
Free cash flow yield 18.15% (32.67%) 11.79%

Profitability

Metric MBI OSG Insurance Specialty median
Gross margin 131.91% 75.14% 73.81%
Operating margin 50.00% (7.39%) 17.70%
Net margin (154.26%) (51.11%) 13.80%
Free cash flow margin 45.74% (19.37%) 34.47%
Return on equity 6.47% (17.75%) 12.01%
Return on assets (7.05%) (3.03%) 4.12%
Return on invested capital 3.08% (1.66%) 8.77%

Growth

Metric MBI OSG Insurance Specialty median
Revenue growth (TTM) (8.74%) 26.78% 7.53%
EPS growth (last fiscal year) 62.04% 44.63% —
Revenue growth, 5-year CAGR (22.27%) 10.00% 2.24%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MBI OSG Insurance Specialty median
Debt to equity (1.46) 0.19 0.15
Current ratio 0.53 0.83 0.53
Net debt to EBITDA 213.63 (14.51) 0.28

Dividend

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

Size

Metric MBI OSG Insurance Specialty median
Market cap 226.00m 186.51m 3.13b

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