COMP <GO>
ASIC vs HRTG // EV/EBITDA & P/E VALUATION
Ategrity Specialty Insurance Company Holdings (NYSE) VS. Heritage Insurance Holdings Inc. (NYSE) • 15-METRIC TALLY: ASIC 3
— HRTG 5
■ METRIC PARITY
LAST: $24.40 (+5.08%) • MKT CAP: $1.17B
valuation
—
LAST: $36.14 (+4.06%) • MKT CAP: $1.07B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ASIC VS. HRTG)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ASIC | HRTG | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 12.00% | 85.00% | -73.00 | HRTG | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 12.03% | 16.21% | -4.18 | HRTG | /fcf-yield <GO> |
| Operating Margin | — | 31.50% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 17.40% | 23.10% | -5.70 | HRTG | /net-margins <GO> |
| Revenue Growth (YoY) | 23.40% | 3.70% | +19.70 | ASIC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 5/9 | +1.00 | ASIC | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 40.0 | 50.9 | -10.91 | HRTG | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 13.3x | 5.1x | +8.20 | HRTG | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $1.17B | $1.07B | $94.9M | ASIC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ASIC REV | HRTG REV | ASIC GROSS % | HRTG GROSS % | ASIC FCF | HRTG FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $424.3M | $847.3M | — | — | $140.7M | $174.2M |
| FY 2024 | $343.8M | $817.0M | — | — | $125.4M | $78.9M |
| FY 2023 | — | $735.5M | — | — | — | $70.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ASIC // BETA —
HRTG // BETA —