Porch Group, Inc. (PRCH) vs Stewart Information Services Corporation (STC)

Porch Group, Inc. and Stewart Information Services Corporation are both Insurance Property & Casualty companies. Porch Group, Inc. and Stewart Information Services Corporation are of similar size ($1.9B and $1.8B). Porch Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Stewart Information Services Corporation trades at 13.0×. Stewart Information Services Corporation grew revenue faster over the last twelve months: 22.5% against 16.1%. Stewart Information Services Corporation has the higher net margin (4.12% vs −2.62%) and the higher return on invested capital (9.12% vs 7.07%). Across the 21 metrics below, Stewart Information Services Corporation leads on 16 and Porch Group, Inc. on 5.

Valuation

Metric PRCH STC Insurance Property & Casualty median
P/E n/m 12.98 10.29
P/S 3.58 0.55 1.17
P/B 94.82 1.08 1.83
Price to free cash flow 23.85 12.24 7.48
EV/EBITDA 31.45 6.01 7.49
EV/Sales 4.23 0.67 1.13
Earnings yield (1.80%) 7.70% 9.50%
Free cash flow yield 4.19% 8.17% 13.29%

Profitability

Metric PRCH STC Insurance Property & Casualty median
Gross margin 72.10% 64.35% 41.16%
Operating margin 7.88% 9.19% 15.09%
Net margin (2.62%) 4.12% 11.51%
Free cash flow margin 15.60% 4.50% 17.59%
Return on equity (156.54%) 8.64% 18.19%
Return on assets (1.69%) 4.44% 3.74%
Return on invested capital 7.07% 9.12% 12.06%

Growth

Metric PRCH STC Insurance Property & Casualty median
Revenue growth (TTM) 16.10% 22.49% 8.69%
EPS growth (last fiscal year) 90.90% 55.17% —
Revenue growth, 5-year CAGR 20.18% 5.01% 9.23%
Net income growth, 5-year CAGR 0.00% (5.70%) 10.09%

Health

Metric PRCH STC Insurance Property & Casualty median
Debt to equity 20.93 0.39 0.25
Current ratio 1.45 1.81 0.42
Net debt to EBITDA 5.36 0.99 0.08

Dividend

Metric PRCH STC Insurance Property & Casualty median
Dividend yield — 3.10% 2.79%
Payout ratio 0.00 0.97 0.27

Size

Metric PRCH STC Insurance Property & Casualty median
Market cap 1.87b 1.82b 2.44b

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