CNA Financial Corporation
Find Ratings ReportsCNA FINANCIAL CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago.
During the same period, stockholders' equity ("net worth") has increased by 12.10% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 3441.0 | 3112.0 |
EBITDA ($mil) | 481.0 | 325.0 |
EBIT ($mil) | 452.0 | 312.0 |
Net Income ($mil) | 367.0 | 239.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 3601.0 | 3308.0 |
Total Assets ($mil) | 64711.0 | 60927.0 |
Total Debt ($mil) | 3246.0 | 3001.0 |
Equity ($mil) | 9893.0 | 8825.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 13.98 | 10.44 |
EBITDA Margin | 13.97 | 10.44 |
Operating Margin | 13.14 | 10.03 |
Sales Turnover | 0.2 | 0.2 |
Return on Assets | 1.86 | 1.11 |
Return on Equity | 12.18 | 7.73 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.25 | 0.25 |
Interest Expense | 34.0 | 28.0 |
Interest Coverage | 13.29 | 11.14 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 270.88 | 270.9 |
Div / share | 0.42 | 0.4 |
EPS | 1.35 | 0.87 |
Book value / share | 36.52 | 32.58 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 229129.0 | 153738.0 |
BUY. CNA FINANCIAL CORP's P/E ratio indicates a significant discount compared to an average of 21.84 for the Insurance Carriers and Related Activities subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.21 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.52. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, CNA FINANCIAL CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CNA 9.96 | Peers 21.84 | CNA 5.23 | Peers 13.60 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CNA 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. CNA is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CNA 8.15 | Peers 14.42 | CNA 0.62 | Peers 0.87 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. CNA is trading at a significant discount to its peers. |
Discount. 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. CNA trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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CNA 1.21 | Peers 3.52 | CNA 77.91 | Peers 95.58 | |||||||||||||||||||||
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. CNA is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, CNA is expected to trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CNA 0.91 | Peers 1.96 | CNA 10.37 | Peers 37.25 | |||||||||||||||||||||
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. CNA is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CNA significantly trails its peers on the basis of sales growth. |
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