Progressive Corp

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PGR : NYSE : Financial
$39.17 up 0.08 | 0.2%
Today's Range: 38.88 - 39.04
Avg. Daily Volume: 2932400.0
02/24/17 - 10:07 AM ET

Financial Analysis


PROGRESSIVE CORP-OHIO's gross profit margin for the fourth quarter of its fiscal year 2016 has decreased 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 industry this quarter as compared to the same quarter a year ago.

During the same period, stockholders' equity ("net worth") has increased by 9.15% from the same quarter last year.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)6122.15394.5
EBITDA ($mil)0.0591.4
EBIT ($mil)574.6548.2
Net Income ($mil)383.2330.4


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)0.06927.3
Total Assets ($mil)33427.529819.3
Total Debt ($mil)3148.22707.9
Equity ($mil)7957.17289.4


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin9.3910.96
EBITDA Margin0.010.96
Operating Margin9.3910.16
Sales Turnover0.70.7
Return on Assets3.084.25
Return on Equity12.9517.38
Debt Q4 FY16 Q4 FY15
Current Ratio0.00.0
Debt/Capital0.280.27
Interest Expense37.134.1
Interest Coverage15.4916.08


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)579.9583.6
Div / share0.00.0
EPS0.660.56
Book value / share13.7212.49
Institutional Own % n/a n/a
Avg Daily Volume2896477.02914001.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 23.95 for the Insurance industry and a discount compared to the S&P 500 average of 26.35. For additional comparison, its price-to-book ratio of 2.81 indicates valuation on par with the S&P 500 average of 2.94 and a premium versus the industry average of 1.76. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. The valuation analysis reveals that, PROGRESSIVE CORP-OHIO seems to be trading at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
PGR 21.81 Peers 23.95   PGR NA Peers 17.17

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

PGR is trading at a valuation on par with its peers.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
PGR 16.71 Peers 15.99   PGR NA Peers 1.21

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

PGR is trading at a 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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
PGR 2.81 Peers 1.76   PGR -17.68 Peers -4.63

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.

PGR is trading at a significant premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, PGR is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
PGR 0.96 Peers 1.45   PGR 12.40 Peers 11.50

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.

PGR is trading at a significant discount to its industry on this measurement.

 

Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.

PGR is keeping pace with its peers on the basis of sales growth.

 

 

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