Mercury General Corporation (MCY) vs Slide Insurance Holdings, Inc. (SLDE)

Mercury General Corporation and Slide Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Mercury General Corporation is the larger, with a market value of $4.7B against $3.1B — 1.5× the size. Slide Insurance Holdings, Inc. trades at the lower P/E: 5.4× against 7.3×. Slide Insurance Holdings, Inc. grew revenue faster over the last twelve months: 47.1% against 5.42%. Slide Insurance Holdings, Inc. has the higher net margin (39.3% vs 10.5%) and the lower return on invested capital (0.00% vs 24.8%). Both pay a dividend; Mercury General Corporation yields more (1.50% vs 0.27%). Across the 19 metrics below, Slide Insurance Holdings, Inc. leads on 15 and Mercury General Corporation on 4.

Valuation

Metric MCY SLDE Insurance Property & Casualty median
P/E 7.28 5.41 12.17
P/S 0.76 2.07 1.26
P/B 1.67 2.36 1.85
Price to free cash flow 4.05 3.20 8.04
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 13.73% 18.48% 8.20%
Free cash flow yield 24.70% 31.27% 11.86%

Profitability

Metric MCY SLDE Insurance Property & Casualty median
Gross margin 21.11% 64.75% 37.39%
Operating margin 13.37% 50.68% 14.67%
Net margin 10.47% 39.28% 10.16%
Free cash flow margin 18.84% 64.74% 18.60%
Return on equity 25.52% 51.44% 16.59%
Return on assets 6.52% 19.18% 3.38%
Return on invested capital 24.80% 0.00% 9.43%

Growth

Metric MCY SLDE Insurance Property & Casualty median
Revenue growth (TTM) 5.42% 47.09% 5.70%
EPS growth (last fiscal year) 15.62% 102.37% 39.61%
Revenue growth, 5-year CAGR 9.63% — 9.23%
Net income growth, 5-year CAGR 7.63% — 10.09%

Health

Metric MCY SLDE Insurance Property & Casualty median
Debt to equity 0.20 0.02 0.25
Current ratio 0.35 1.26 0.49
Net debt to EBITDA (0.97) (2.73) 0.08

Dividend

Metric MCY SLDE Insurance Property & Casualty median
Dividend yield 1.50% 0.27% 1.56%
Payout ratio 0.11 0.02 0.15

Size

Metric MCY SLDE Insurance Property & Casualty median
Market cap 4.68b 3.10b 2.64b

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