United Fire Group Inc
Find Ratings ReportsUNITED FIRE GROUP INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line.
During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 287.32 | 280.16 |
EBITDA ($mil) | 27.67 | 0.0 |
EBIT ($mil) | 25.0 | 23.44 |
Net Income ($mil) | 19.61 | 20.12 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 176.21 | 132.47 |
Total Assets ($mil) | 3144.19 | 2882.29 |
Total Debt ($mil) | 79.67 | 76.92 |
Equity ($mil) | 733.75 | 740.11 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 9.63 | 8.37 |
EBITDA Margin | 9.62 | 0.0 |
Operating Margin | 8.7 | 8.37 |
Sales Turnover | 0.35 | 0.34 |
Return on Assets | -0.94 | 0.52 |
Return on Equity | -4.05 | 2.03 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.1 | 0.09 |
Interest Expense | 0.87 | 0.8 |
Interest Coverage | 28.77 | 29.41 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 25.27 | 25.21 |
Div / share | 0.16 | 0.16 |
EPS | 0.77 | 0.78 |
Book value / share | 29.04 | 29.36 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 98670.0 | 94581.0 |
HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.75 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. After reviewing these and other key valuation criteria, UNITED FIRE GROUP INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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UFCS NM | Peers 21.84 | UFCS 3.20 | Peers 13.60 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. UFCS's P/E is negative making this valuation measure meaningless. |
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. UFCS 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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UFCS 13.37 | Peers 14.42 | UFCS NA | Peers 0.87 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. UFCS is trading at a significant premium to its peers. |
Neutral. 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. Ratio not available. |
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Price/Book |
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Earnings Growth |
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UFCS 0.75 | Peers 3.52 | UFCS -307.01 | 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. UFCS 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, UFCS 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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UFCS 0.50 | Peers 1.96 | UFCS 11.74 | 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. UFCS 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. UFCS significantly trails its peers on the basis of sales growth. |
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