0.25 | 0.53%
ALLSTATE CORP's gross profit margin for the first quarter of its fiscal year 2013 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased.
During the same period, stockholders' equity ("net worth") has increased by 7.49% from the same quarter last year.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 8463.0 | 8362.0 |
| EBITDA ($mil) | 0.0 | 0.0 |
| EBIT ($mil) | 1152.0 | 1210.0 |
| Net Income ($mil) | 709.0 | 766.0 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 7176.0 | 6494.0 |
| Total Assets ($mil) | 126612.0 | 125933.0 |
| Total Debt ($mil) | 6556.0 | 6058.0 |
| Equity ($mil) | 20619.0 | 19182.0 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 13.61 | 14.47 |
| EBITDA Margin | 0.0 | 0.0 |
| Operating Margin | 13.61 | 14.47 |
| Sales Turnover | 0.26 | 0.26 |
| Return on Assets | 1.77 | 0.81 |
| Return on Equity | 10.9 | 5.36 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.24 | 0.24 |
| Interest Expense | 98.0 | 95.0 |
| Interest Coverage | 11.76 | 12.74 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 468.0 | 493.0 |
| Div / share | 0.25 | 0.22 |
| EPS | 1.47 | 1.53 |
| Book value / share | 44.06 | 38.91 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 3482966.0 | 3230826.0 |
BUY. The current P/E ratio indicates a significant discount compared to an average of 5484.72 for the Insurance industry and a discount compared to the S&P 500 average of 18.91. To use another comparison, its price-to-book ratio of 1.08 indicates a discount versus the S&P 500 average of 2.42 and a significant discount versus the industry average of 440.39. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, ALLSTATE CORP proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALL 10.26 | Peers 5484.72 | ALL 7.50 | Peers 3994.91 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ALL is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ALL is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| ALL 9.21 | Peers 10.83 | ALL 8.77 | Peers 0.89 | |||||||||||||||||||||
|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations. ALL is trading at a valuation on par with its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ALL trades at a significant premium to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| ALL 1.08 | Peers 440.39 | ALL 122.11 | Peers 74.11 | |||||||||||||||||||||
|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ALL is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ALL is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| ALL 0.66 | Peers 518.64 | ALL 1.80 | Peers 14.03 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ALL is trading at a significant discount to its industry on this measurement. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. ALL significantly trails its peers on the basis of sales growth |
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