Aurora Investment: Better Overview
Highly attractive initial valuation
EV / 2022E Revenue
EV/2022E Revenue /
2022E Growth
2020A 2022E
-
Revenue CAGR
2.5x
8.5x
13.0x
6.9x
3.8x
Better
PropTech
doma Hippo²
Tech-Driven
Lenders
SoFiOpenLending affirm
Sunlight Financial Upstart
Real Estate
Technology
BLACK
KNIGHT
CoreLogic
Leading
Mortgage
ROCKET
Companies, Inc.
EV / 2022E EBITDA
Better
0.03x
75.2%
9.4x
Better
EV / 2022E EBITDA /
2022E Growth
0.04x
2020A
2022E
EBITDA CAGR
55.9%
0.21x
32.6%
0.38x
55.4%
36.2x
NM
PropTech
doma
Hippo
Tech-Driven
Lenders
SoFi OpenLending affirm
Sunlight Financial Upstart
BLACK
NM
NM
Note: multiples presented are solely based on the logos shown in each category and do not represent a broader index. Source: FactSet, company filings.
Market data as of May 7, 2021. 1. Represents EV / Retained Premiums and Fees. 2. Represents EV / Earned Premiums.
0.97x
81.8%
1.83x
NM
7.5%
(21.0%)
15.6x
8.7x
Real Estate
Technology
KNIGHT
CoreLogic
Leading
Mortgage
ROCKET
Companies, Inc.
3.18x
5.3%
NM
(37.7%)
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