Porch Group, Inc. (PRCH) vs United Fire Group, Inc (UFCS)

Porch Group, Inc. and United Fire Group, Inc are both Insurance Property & Casualty companies. Porch Group, Inc. is the larger, with a market value of $1.9B against $1.4B — 1.4× the size. Porch Group, Inc. has negative trailing earnings, so its P/E is not meaningful; United Fire Group, Inc trades at 9.9×. Porch Group, Inc. grew revenue faster over the last twelve months: 16.1% against 11.4%. United Fire Group, Inc has the higher net margin (9.57% vs −2.62%) and the higher return on invested capital (12.0% vs 7.07%). Across the 20 metrics below, United Fire Group, Inc leads on 15 and Porch Group, Inc. on 5.

Valuation

Metric PRCH UFCS Insurance Property & Casualty median
P/E n/m 9.91 10.29
P/S 3.58 0.93 1.17
P/B 94.82 1.40 1.83
Price to free cash flow 23.85 5.10 7.48
EV/EBITDA 31.45 6.85 7.49
EV/Sales 4.23 0.93 1.13
Earnings yield (1.80%) 10.09% 9.50%
Free cash flow yield 4.19% 19.60% 13.29%

Profitability

Metric PRCH UFCS Insurance Property & Casualty median
Gross margin 72.10% 35.24% 41.16%
Operating margin 7.88% 12.87% 15.09%
Net margin (2.62%) 9.57% 11.51%
Free cash flow margin 15.60% 18.22% 17.59%
Return on equity (156.54%) 15.46% 18.19%
Return on assets (1.69%) 3.67% 3.74%
Return on invested capital 7.07% 12.03% 12.06%

Growth

Metric PRCH UFCS Insurance Property & Casualty median
Revenue growth (TTM) 16.10% 11.36% 8.69%
EPS growth (last fiscal year) 90.90% 87.45% —
Revenue growth, 5-year CAGR 20.18% 5.34% 9.23%
Net income growth, 5-year CAGR 0.00% 0.00% 10.09%

Health

Metric PRCH UFCS Insurance Property & Casualty median
Debt to equity 20.93 0.15 0.25
Current ratio 1.45 0.34 0.42
Net debt to EBITDA 5.36 (0.06) 0.08

Dividend

Metric PRCH UFCS Insurance Property & Casualty median
Dividend yield — 2.93% 2.79%
Payout ratio 0.00 0.30 0.27

Size

Metric PRCH UFCS Insurance Property & Casualty median
Market cap 1.87b 1.37b 2.44b

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