ALLSTATE CORP (ALL) Stock Fundamental Analysis
NYSE:ALL - New York Stock Exchange, Inc. - US0200021014 - Common Stock - Currency: USD
Taking everything into account, ALL scores 4 out of 10 in our fundamental rating. ALL was compared to 143 industry peers in the Insurance industry. ALL has a bad profitability rating. Also its financial health evaluation is rather negative. ALL is not valued too expensively and it also shows a decent growth rate. Finally ALL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
ALL had positive earnings in the past year.
ALL had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ALL reported negative net income in multiple years.
ALL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 3.41%, ALL is doing good in the industry, outperforming 73.43% of the companies in the same industry.
The Return On Equity of ALL (17.81%) is better than 81.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 17.81% | ||
| ROIC | N/A |
ROA(3y)0.78%
ROA(5y)1.63%
ROE(3y)3.78%
ROE(5y)7.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
ALL has a Profit Margin (6.01%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of ALL has declined.
ALL has a Operating Margin of 8.40%. This is comparable to the rest of the industry: ALL outperforms 44.06% of its industry peers.
In the last couple of years the Operating Margin of ALL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.4% | ||
| PM (TTM) | 6.01% | ||
| GM | N/A |
OM growth 3Y-11.15%
OM growth 5Y-7.38%
PM growth 3Y34.22%
PM growth 5Y-8.82%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
ALL does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, ALL has more shares outstanding
The number of shares outstanding for ALL has been reduced compared to 5 years ago.
ALL has a better debt/assets ratio than last year.
2.2 Solvency
ALL has a debt to FCF ratio of 0.90. This is a very positive value and a sign of high solvency as it would only need 0.90 years to pay back of all of its debts.
ALL has a better Debt to FCF ratio (0.90) than 69.23% of its industry peers.
ALL has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.37, ALL perfoms like the industry average, outperforming 44.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 0.9 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC8.37%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 127.79% over the past year.
ALL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.88% yearly.
Looking at the last year, ALL shows a quite strong growth in Revenue. The Revenue has grown by 11.49% in the last year.
The Revenue has been growing by 9.06% on average over the past years. This is quite good.
EPS 1Y (TTM)127.79%
EPS 3Y11.04%
EPS 5Y11.88%
EPS Q2Q%-31.19%
Revenue 1Y (TTM)11.49%
Revenue growth 3Y8.21%
Revenue growth 5Y9.06%
Sales Q2Q%8.45%
3.2 Future
The Earnings Per Share is expected to grow by 8.48% on average over the next years. This is quite good.
ALL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.95% yearly.
EPS Next Y0.1%
EPS Next 2Y9.33%
EPS Next 3Y8.48%
EPS Next 5YN/A
Revenue Next Year7.68%
Revenue Next 2Y7.95%
Revenue Next 3Y8.04%
Revenue Next 5Y6.95%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ALL is valuated reasonably with a Price/Earnings ratio of 11.60.
ALL's Price/Earnings is on the same level as the industry average.
ALL is valuated cheaply when we compare the Price/Earnings ratio to 27.91, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 8.85, the valuation of ALL can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ALL indicates a somewhat cheap valuation: ALL is cheaper than 63.64% of the companies listed in the same industry.
ALL is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 8.85 |
4.2 Price Multiples
ALL's Enterprise Value to EBITDA is on the same level as the industry average.
67.83% of the companies in the same industry are more expensive than ALL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.73 | ||
| EV/EBITDA | 9.62 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)115.03
PEG (5Y)0.98
EPS Next 2Y9.33%
EPS Next 3Y8.48%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.01%, ALL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.30, ALL pays a better dividend. On top of this ALL pays more dividend than 90.21% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, ALL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.01% |
5.2 History
The dividend of ALL is nicely growing with an annual growth rate of 11.11%!
ALL has paid a dividend for at least 10 years, which is a reliable track record.
ALL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.11%
Div Incr Years14
Div Non Decr Years15
5.3 Sustainability
27.76% of the earnings are spent on dividend by ALL. This is a low number and sustainable payout ratio.
ALL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.76%
EPS Next 2Y9.33%
EPS Next 3Y8.48%
193.9
+1.9 (+0.99%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners81.03%
Inst Owner Change-1.53%
Ins Owners0.55%
Ins Owner Change4%
Market Cap51.35B
Analysts80.8
Price Target239.02 (23.27%)
Short Float %1.65%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.01% |
Yearly Dividend4.09
Dividend Growth(5Y)11.11%
DP27.76%
Div Incr Years14
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)30.97%
Min EPS beat(2)20.62%
Max EPS beat(2)41.32%
EPS beat(4)4
Avg EPS beat(4)114.82%
Min EPS beat(4)20.62%
Max EPS beat(4)333.04%
EPS beat(8)7
Avg EPS beat(8)75.1%
EPS beat(12)10
Avg EPS beat(12)54.17%
EPS beat(16)11
Avg EPS beat(16)37.41%
Revenue beat(2)1
Avg Revenue beat(2)0.28%
Min Revenue beat(2)-1.71%
Max Revenue beat(2)2.27%
Revenue beat(4)1
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-2.51%
Max Revenue beat(4)2.27%
Revenue beat(8)2
Avg Revenue beat(8)-0.53%
Revenue beat(12)5
Avg Revenue beat(12)2.58%
Revenue beat(16)9
Avg Revenue beat(16)7.14%
PT rev (1m)0.49%
PT rev (3m)2.12%
EPS NQ rev (1m)4.58%
EPS NQ rev (3m)5.09%
EPS NY rev (1m)0.96%
EPS NY rev (3m)4.52%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)0.52%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.6 | ||
| Fwd PE | 8.85 | ||
| P/S | 0.79 | ||
| P/FCF | 5.73 | ||
| P/OCF | 5.56 | ||
| P/B | 2.33 | ||
| P/tB | 2.71 | ||
| EV/EBITDA | 9.62 |
EPS(TTM)16.72
EY8.62%
EPS(NY)21.9
Fwd EY11.29%
FCF(TTM)33.86
FCFY17.46%
OCF(TTM)34.85
OCFY17.97%
SpS246.58
BVpS83.28
TBVpS71.52
PEG (NY)115.03
PEG (5Y)0.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.41% | ||
| ROE | 17.81% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | 8.4% | ||
| PM (TTM) | 6.01% | ||
| GM | N/A | ||
| FCFM | 13.73% |
ROA(3y)0.78%
ROA(5y)1.63%
ROE(3y)3.78%
ROE(5y)7.06%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-11.15%
OM growth 5Y-7.38%
PM growth 3Y34.22%
PM growth 5Y-8.82%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 0.9 | ||
| Debt/EBITDA | 1.34 | ||
| Cap/Depr | 47.03% | ||
| Cap/Sales | 0.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 152.77% | ||
| Profit Quality | 228.37% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score9
WACC8.37%
ROIC/WACCN/A
Cap/Depr(3y)41.78%
Cap/Depr(5y)40.4%
Cap/Sales(3y)0.54%
Cap/Sales(5y)0.61%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)127.79%
EPS 3Y11.04%
EPS 5Y11.88%
EPS Q2Q%-31.19%
EPS Next Y0.1%
EPS Next 2Y9.33%
EPS Next 3Y8.48%
EPS Next 5YN/A
Revenue 1Y (TTM)11.49%
Revenue growth 3Y8.21%
Revenue growth 5Y9.06%
Sales Q2Q%8.45%
Revenue Next Year7.68%
Revenue Next 2Y7.95%
Revenue Next 3Y8.04%
Revenue Next 5Y6.95%
EBIT growth 1Y165.8%
EBIT growth 3Y-3.85%
EBIT growth 5Y1.02%
EBIT Next Year8.65%
EBIT Next 3Y13.87%
EBIT Next 5YN/A
FCF growth 1Y82.24%
FCF growth 3Y22.27%
FCF growth 5Y13.18%
OCF growth 1Y74.46%
OCF growth 3Y20.41%
OCF growth 5Y11.73%