Primerica Inc.
Find Ratings ReportsPRIMERICA INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector.
During the same period, stockholders' equity ("net worth") has increased by 20.00% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 726.33 | 686.94 |
EBITDA ($mil) | 210.78 | 201.88 |
EBIT ($mil) | 203.62 | 193.34 |
Net Income ($mil) | 151.94 | 146.72 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 820.06 | 722.48 |
Total Assets ($mil) | 15027.73 | 15348.88 |
Total Debt ($mil) | 2042.17 | 2084.14 |
Equity ($mil) | 2065.97 | 1721.5 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 29.02 | 29.39 |
EBITDA Margin | 29.02 | 29.38 |
Operating Margin | 28.03 | 28.15 |
Sales Turnover | 0.19 | 0.18 |
Return on Assets | 3.83 | 3.07 |
Return on Equity | 27.91 | 27.42 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.5 | 0.55 |
Interest Expense | 6.59 | 6.77 |
Interest Coverage | 30.92 | 28.57 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 35.0 | 36.82 |
Div / share | 0.65 | 0.55 |
EPS | 4.3 | 3.94 |
Book value / share | 59.03 | 46.75 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 126885.0 | 135602.0 |
BUY. This stock's P/E ratio indicates a 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. Conducting a second comparison, its price-to-book ratio of 4.16 indicates a discount versus the S&P 500 average of 4.68 and a premium versus the subsector average of 3.52. The price-to-sales ratio is above the S&P 500 average and well above the subsector average, indicating a premium.
Price/Earnings |
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Price/Cash Flow |
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PRI 15.38 | Peers 21.84 | PRI 12.41 | Peers 13.60 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PRI is trading at a significant discount to its peers. |
Average. 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. PRI is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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PRI 12.46 | Peers 14.42 | PRI 1.32 | Peers 0.87 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. PRI 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. PRI trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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PRI 4.16 | Peers 3.52 | PRI 29.33 | Peers 95.58 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. PRI is trading at a premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PRI is expected to significantly 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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PRI 3.05 | Peers 1.96 | PRI 3.51 | Peers 37.25 | |||||||||||||||||||||
Premium. 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. PRI is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. PRI significantly trails its peers on the basis of sales growth. |
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