Porch Group, Inc. (PRCH) vs UNIVERSAL INSURANCE HOLDINGS INC (UVE)

Porch Group, Inc. and UNIVERSAL INSURANCE HOLDINGS INC are both Insurance Property & Casualty companies. Porch Group, Inc. is the larger, with a market value of $2.0B against $1.3B — 1.5× the size. Porch Group, Inc. has negative trailing earnings, so its P/E is not meaningful; UNIVERSAL INSURANCE HOLDINGS INC trades at 6.0×. Porch Group, Inc. grew revenue faster over the last twelve months: 16.1% against 3.96%. UNIVERSAL INSURANCE HOLDINGS INC has the higher net margin (13.5% vs −2.62%) and the higher return on invested capital (139.4% vs 7.07%). Across the 19 metrics below, UNIVERSAL INSURANCE HOLDINGS INC leads on 15 and Porch Group, Inc. on 4.

Valuation

Metric PRCH UVE Insurance Property & Casualty median
P/E n/m 6.03 10.75
P/S 3.79 0.80 1.21
P/B 100.38 2.04 1.99
Price to free cash flow 25.25 3.83 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (1.70%) 16.59% 9.08%
Free cash flow yield 3.96% 26.13% 12.11%

Profitability

Metric PRCH UVE Insurance Property & Casualty median
Gross margin 72.10% 25.87% 41.16%
Operating margin 7.88% 18.37% 15.09%
Net margin (2.62%) 13.49% 11.51%
Free cash flow margin 15.60% 20.85% 17.46%
Return on equity (156.54%) 40.16% 17.34%
Return on assets (1.69%) 6.68% 3.74%
Return on invested capital 7.07% 139.39% 12.06%

Growth

Metric PRCH UVE Insurance Property & Casualty median
Revenue growth (TTM) 16.10% 3.96% 8.02%
EPS growth (last fiscal year) 90.90% 214.43% 39.61%
Revenue growth, 5-year CAGR 46.17% 8.38% 9.23%
Net income growth, 5-year CAGR 0.00% 57.14% 10.09%

Health

Metric PRCH UVE Insurance Property & Casualty median
Debt to equity 20.93 0.15 0.25
Current ratio 1.45 0.57 0.42
Net debt to EBITDA 5.36 (1.47) 0.08

Dividend

Metric PRCH UVE Insurance Property & Casualty median
Dividend yield — 1.36% 1.50%
Payout ratio — 0.08 0.14

Size

Metric PRCH UVE Insurance Property & Casualty median
Market cap 1.99b 1.30b 2.67b

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