Progressive CorpFind Ratings Reports
PROGRESSIVE CORP-OHIO's gross profit margin for the first quarter of its fiscal year 2017 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 industry this quarter as compared to the same quarter a year ago.
During the same period, stockholders' equity ("net worth") has increased by 12.73% from the same quarter last year.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.
|Income Statement||Q1 FY17||Q1 FY16|
|Net Sales ($mil)||6315.9||5552.7|
|Net Income ($mil)||424.3||258.2|
|Balance Sheet||Q1 FY17||Q1 FY16|
|Cash & Equiv. ($mil)||7638.1||7633.1|
|Total Assets ($mil)||34810.5||30721.6|
|Total Debt ($mil)||3111.7||2701.6|
|Profitability||Q1 FY17||Q1 FY16|
|Gross Profit Margin||11.63||8.37|
|Return on Assets||3.43||4.0|
|Return on Equity||14.04||16.27|
|Debt||Q1 FY17||Q1 FY16|
|Share Data||Q1 FY17||Q1 FY16|
|Shares outstanding (mil)||580.9||583.0|
|Div / share||0.68||0.89|
|Book value / share||14.67||12.97|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||2993980.0||2610868.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 29.77 for the Insurance industry and a discount compared to the S&P 500 average of 25.73. For additional comparison, its price-to-book ratio of 3.05 indicates valuation on par with the S&P 500 average of 3.08 and a premium versus the industry average of 1.89. 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.
|PGR 21.72||Peers 29.77||PGR 8.65||Peers 11.46|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
PGR 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.
PGR is trading at a discount to its peers.
|PGR 17.21||Peers 16.06||PGR 0.65||Peers 2.06|
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.
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.
PGR trades at a significant discount to its peers.
|PGR 3.05||Peers 1.89||PGR -1.44||Peers 20.74|
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.
|PGR 1.07||Peers 1.50||PGR 12.48||Peers 12.51|
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.