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Waterdrop Valuation Multiples

Discover revenue and EBITDA valuation multiples for Waterdrop and similar public comparables like BB Seguros, AUB Group, and Caixa Seguridade.

Waterdrop Overview

About Waterdrop

Waterdrop Inc is a technology platform dedicated to insurance and healthcare service. It is a third-party insurance platform in China in terms of life and health insurance.


Founded

2018

HQ

United States of America
Employees

3.0K+

Financials

LTM Revenue $55.2M

LTM EBITDA $5.1M

EV

$146M

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Waterdrop Financials

Waterdrop has a last 12-month revenue of $55.2M and a last 12-month EBITDA of $5.1M.

In the most recent fiscal year, Waterdrop achieved revenue of $2.6B and an EBITDA of $6.8M.

Waterdrop expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Waterdrop P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $2.8B $2.6B XXX XXX XXX
Gross Profit $2.2B $1.8B XXX XXX XXX
Gross Margin 77% 68% XXX XXX XXX
EBITDA $501M $6.8M XXX XXX XXX
EBITDA Margin 18% 0% XXX XXX XXX
Net Profit -$1.6B $608M XXX XXX XXX
Net Margin -56% 23% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Waterdrop Stock Performance

As of April 15, 2025, Waterdrop's stock price is $1.

Waterdrop has current market cap of $469M, and EV of $146M.

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Waterdrop Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$146M $469M XXX XXX XXX XXX $0.03

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Waterdrop Valuation Multiples

As of April 15, 2025, Waterdrop has market cap of $469M and EV of $146M.

Waterdrop's trades at 0.4x LTM EV/Revenue multiple, and 3.9x LTM EBITDA.

Analysts estimate Waterdrop's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Waterdrop Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $146M XXX XXX XXX
EV/Revenue 0.1x XXX XXX XXX
EV/EBITDA 21.4x XXX XXX XXX
P/E 2.8x XXX XXX XXX
P/E/Growth -0.1x XXX XXX XXX
EV/FCF 0.4x XXX XXX XXX

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Waterdrop Valuation Multiples

Waterdrop's NTM/LTM revenue growth is 14%

Waterdrop's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.4M for the same period.

Over next 12 months, Waterdrop's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Waterdrop's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Waterdrop Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -6% XXX XXX XXX XXX
EBITDA Margin 0% XXX XXX XXX XXX
EBITDA Growth -99% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 15% XXX XXX XXX XXX
Revenue per Employee $0.9M XXX XXX XXX XXX
Opex per Employee $0.4M XXX XXX XXX XXX
S&M Expenses to Revenue 13% XXX XXX XXX XXX
G&A Expenses to Revenue 15% XXX XXX XXX XXX
R&D Expenses to Revenue 11% XXX XXX XXX XXX
Opex to Revenue 40% XXX XXX XXX XXX

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Waterdrop Public Comps

See public comps and valuation multiples for Insurance Brokers and Insurance Carriers comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
AUB Group XXX XXX XXX XXX XXX XXX
Steadfast Group XXX XXX XXX XXX XXX XXX
PB Fintech XXX XXX XXX XXX XXX XXX
BB Seguros XXX XXX XXX XXX XXX XXX
Caixa Seguridade XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Waterdrop M&A and Investment Activity

Waterdrop acquired  XXX companies to date.

Last acquisition by Waterdrop was  XXXXXXXX, XXXXX XXXXX XXXXXX . Waterdrop acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Waterdrop

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Waterdrop

When was Waterdrop founded? Waterdrop was founded in 2018.
Where is Waterdrop headquartered? Waterdrop is headquartered in United States of America.
How many employees does Waterdrop have? As of today, Waterdrop has 3.0K+ employees.
Who is the CEO of Waterdrop? Waterdrop's CEO is Mr. Peng Shen.
Is Waterdrop publicy listed? Yes, Waterdrop is a public company listed on NYS.
What is the stock symbol of Waterdrop? Waterdrop trades under WDH ticker.
When did Waterdrop go public? Waterdrop went public in 2021.
Who are competitors of Waterdrop? Similar companies to Waterdrop include e.g. AUB Group, Steadfast Group, PB Fintech, BB Seguros.
What is the current market cap of Waterdrop? Waterdrop's current market cap is $469M
What is the current revenue of Waterdrop? Waterdrop's last 12-month revenue is $55.2M.
What is the current EBITDA of Waterdrop? Waterdrop's last 12-month EBITDA is $5.1M.
What is the current EV/Revenue multiple of Waterdrop? Current revenue multiple of Waterdrop is 0.4x.
What is the current EV/EBITDA multiple of Waterdrop? Current EBITDA multiple of Waterdrop is 3.9x.
What is the current revenue growth of Waterdrop? Waterdrop revenue growth between 2023 and 2024 was -6%.
Is Waterdrop profitable? Yes, Waterdrop is EBITDA-positive (as of the last 12 months).

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