Allstate Corporation (The)
Find Ratings ReportsALLSTATE 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 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.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.68% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 14832.0 | 13565.0 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 1910.0 | -362.0 |
Net Income ($mil) | 1489.0 | -277.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 9240.0 | 7745.0 |
Total Assets ($mil) | 103362.0 | 97957.0 |
Total Debt ($mil) | 8207.0 | 8307.0 |
Equity ($mil) | 17770.0 | 17475.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 12.88 | -2.67 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 12.88 | -2.67 |
Sales Turnover | 0.55 | 0.52 |
Return on Assets | -0.18 | -1.31 |
Return on Equity | -1.78 | -7.98 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.32 | 0.32 |
Interest Expense | 107.0 | 84.0 |
Interest Coverage | 17.85 | -4.31 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 262.5 | 263.46 |
Div / share | 0.89 | 0.85 |
EPS | 5.52 | -1.15 |
Book value / share | 67.7 | 66.33 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1585617.0 | 1648185.0 |
BUY. 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. Conducting a second comparison, its price-to-book ratio of 2.35 indicates a significant discount versus the S&P 500 average of 4.68 and a 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, ALLSTATE CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ALL NM | Peers 21.84 | ALL 9.90 | 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. ALL'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. ALL 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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ALL 9.81 | Peers 14.42 | ALL NA | 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. ALL is trading at a discount 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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ALL 2.35 | Peers 3.52 | ALL 76.39 | 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. ALL 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, ALL 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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ALL 0.73 | Peers 1.96 | ALL 11.23 | 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. ALL 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. ALL significantly trails its peers on the basis of sales growth. |
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