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Company Analysis

Waterdrop Inc. WDH

A comprehensive view of key metrics, scores, and financial health for Waterdrop Inc.

Overview of Waterdrop Inc.

WDH NYQ
Financial Services Insurance - Diversified Framework: Insurance & Reinsurance Small Cap
Waterdrop Inc. (WDH), is a Small Cap company, in the Insurance - Diversified industry, last closed at $1.00, about 119.0% undervalued vs fair value, -37.1% 1Y return, placing in the top 25% of its sector.
Metrics P/E 8.7× Rev Growth 43.5% ROE 11.4% Gross Margin 44.0% Div Yield 2.71%
USD 1.00
0.00%
(Delayed)
• Vol 90d: 30.5%
52-Week Range
Market Cap
$359.30M
Enterprise Value
$290.01M
Overall Score
View breakdown
Overall
Growth
Good
Profitability
Weak
Health
Weak
Efficiency
Fair
Valuation
Fair
Growth
Good
Profitability
Weak
Health
Weak
Efficiency
Fair
Valuation
Fair
Completeness: 94%
Confidence: 95%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.waterdrop-inc.com
HQ Beijing
Employees 3,057
Fiscal year Dec 31

Next Events

Dividend Nov 6
Earnings Dec 2 Estimated

Fair Value Snapshot

Bear Base Bull
$1
$2
$4
Current: $1.00 +119% vs base

Engine Room Money Flow™

Small Cap

Insurance & Reinsurance - Where revenue goes and how value is created

Flow Steps
Total Revenue
CNY 4.0B
43.5%%
Claims & Losses
-CNY 2.2B
38.3%%
Acquisition & Admin Expenses
CNY 1.1B
Underwriting Result
CNY 370.9M
108.2%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Insurance & Reinsurance

Quality & Reliability Indicators

Loss Ratio
56.0%
Good

Claims & Losses / Revenue — core underwriting discipline metric; lower is better

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

CNY 221.6M
39.0% of Net Income

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
3
Active Leaks
3/3
Improving
1
High Impact
0
Critical
Locked Leak
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Locked Leak
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Moat Analysis Insurance & Reinsurance

Competitive Advantage Assessment

Evaluating Waterdrop Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
47
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Superior Returns on Float Float investment returns are strong (signal score 0.75), with ROA at 8.39% vs peers — investment income amplifies underwriting profit.
  • Consistent Premium Growth Premium growth trend is positive (signal score 0.92), reflecting successful new business generation and pricing momentum.

Key risks

  • Volatile Underwriting Results Underwriting stability is low (score 0.33), indicating significant exposure to loss cycle or catastrophe volatility.
  • Volatile Capital Returns Signal Cat Exposure Capital adequacy stability is low (score 0.25), indicating elevated catastrophe or reserve cycle exposure.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Underwriting Discipline

Developing
32
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Signals, strengths and risks for Underwriting Discipline

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Signals, strengths and risks for Float Investment Quality

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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Capital Strength & Solvency

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Signals, strengths and risks for Operational Efficiency

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Signals, strengths and risks for Scale & Diversification

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Insurance (Life, P&C, Reinsurance) vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing WDH's balance between Growth (32.2%), Profitability (28.0%), and Safety (39.8%). Growth 32% Safety 40% Profitability 28%

Click axes to expand details. Marker shows current allocation.

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Growth

66th percentile vs peers
66
Key Signals
Rev Growth YoY 43.5% 88p Revenue CAGR 3Y 12.4% 58p EPS Growth YoY 55.1% 71p Equity Growth YoY 7.4% 32p Asset Growth YoY 10.0% 68p
Strengths
  • Rev Growth YoY in top 20% of peers (43.5%, 88th percentile)
  • ROA in top 20% of peers (8.4%, 87th percentile)
  • Equity/Assets in top 20% of peers (72.5%, 93th percentile)
  • Financial Leverage in top 20% of peers (1.36, 93th percentile)
Risks

No significant risks identified for this axis.

Profitability

57th percentile vs peers
58
Key Signals
Strengths
Risks
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Safety

81th percentile vs peers
82
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Waterdrop Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$2.19
- - -
+119.0% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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