Fundamental Analysis of ALLSTATE CORP(NYSE:ALL) stock

Fundamental Rating

ALL gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 141 industry peers in the Insurance industry. ALL has a bad profitability rating. Also its financial health evaluation is rather negative. ALL has a correct valuation and a medium growth rate.

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1. Profitability

1.1 Basic Checks

In the past year ALL was profitable.

In the past year ALL had a positive cash flow from operations.

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

ALL has a worse Return On Assets (-0.31%) than 74.10% of its industry peers.

ALL has a worse Return On Equity (-1.78%) than 71.22% of its industry peers.

The Return On Invested Capital of ALL (0.15%) is worse than 61.87% of its industry peers.

		Industry Rank	Sector Rank
ROA	-0.31%
ROE	-1.78%
ROIC	0.15%

ROA(3y)-0.09%

ROA(5y)1.6%

ROE(3y)-1.33%

ROE(5y)6.42%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

ALL has a Operating Margin of 0.35%. This is in the lower half of the industry: ALL underperforms 76.26% of its industry peers.

In the last couple of years the Operating Margin of ALL has declined.

ALL does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	0.35%
PM (TTM)	N/A
GM	N/A

OM growth 3Y-73.97%

OM growth 5Y-45.98%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALL is destroying value.

Compared to 1 year ago, ALL has less shares outstanding

ALL has less shares outstanding than it did 5 years ago.

Compared to 1 year ago, ALL has an improved debt to assets ratio.

2.2 Solvency

ALL has a debt to FCF ratio of 2.01. This is a good value and a sign of high solvency as ALL would need 2.01 years to pay back of all of its debts.

ALL has a Debt to FCF ratio of 2.01. This is comparable to the rest of the industry: ALL outperforms 57.55% of its industry peers.

A Debt/Equity ratio of 0.45 indicates that ALL is not too dependend on debt financing.

ALL's Debt to Equity ratio of 0.45 is in line compared to the rest of the industry. ALL outperforms 42.45% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.45
Debt/FCF	2.01
Altman-Z	N/A

ROIC/WACC0.02

WACC8.4%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

ALL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 182.73%, which is quite impressive.

ALL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -35.31% yearly.

The Revenue has grown by 11.06% in the past year. This is quite good.

ALL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.47% yearly.

EPS 1Y (TTM)182.73%

EPS 3Y-60.54%

EPS 5Y-35.31%

EPS growth Q2Q527.94%

Revenue 1Y (TTM)11.06%

Revenue growth 3Y10.86%

Revenue growth 5Y7.47%

Revenue growth Q2Q8.68%

3.2 Future

Based on estimates for the next years, ALL will show a very strong growth in Earnings Per Share. The EPS will grow by 94.56% on average per year.

Based on estimates for the next years, ALL will show a small growth in Revenue. The Revenue will grow by 4.88% on average per year.

EPS Next Y1329.36%

EPS Next 2Y331.5%

EPS Next 3Y180.8%

EPS Next 5Y94.56%

Revenue Next Year13.68%

Revenue Next 2Y11.92%

Revenue Next 3Y11.86%

Revenue Next 5Y4.88%

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 accelerating.

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 189.59, which means the current valuation is very expensive for ALL.

Based on the Price/Earnings ratio, ALL is valued a bit more expensive than the industry average as 79.14% of the companies are valued more cheaply.

When comparing the Price/Earnings ratio of ALL to the average of the S&P500 Index (25.25), we can say ALL is valued expensively.

ALL is valuated correctly with a Price/Forward Earnings ratio of 13.26.

ALL's Price/Forward Earnings ratio is in line with the industry average.

When comparing the Price/Forward Earnings ratio of ALL to the average of the S&P500 Index (21.67), we can say ALL is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	189.59
Fwd PE	13.26

4.2 Price Multiples

ALL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. ALL is more expensive than 64.75% of the companies in the same industry.

The rest of the industry has a similar Price/Free Cash Flow ratio as ALL.

		Industry Rank	Sector Rank
P/FCF	11.49
EV/EBITDA	58.25

4.3 Compensation for Growth

ALL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

ALL's earnings are expected to grow with 180.79% in the coming years. This may justify a more expensive valuation.

PEG (NY)0.14

PEG (5Y)N/A

EPS Next 2Y331.5%

EPS Next 3Y180.8%

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.18%, ALL has a reasonable but not impressive dividend return.

Compared to an average industry Dividend Yield of 4.36, ALL has a dividend in line with its industry peers.

Compared to an average S&P500 Dividend Yield of 2.45, ALL has a dividend comparable with the average S&P500 company.

		Industry Rank	Sector Rank
Dividend Yield	2.18%

5.2 History

The dividend of ALL is nicely growing with an annual growth rate of 12.54%!

ALL has been paying a dividend for at least 10 years, so it has a reliable track record.

ALL has not decreased their dividend for at least 10 years, which is a reliable track record.

Dividend Growth(5Y)12.54%

Div Incr Years13

Div Non Decr Years14

5.3 Sustainability

The earnings of ALL are negative and hence is the payout ratio. ALL will probably not be able to sustain this dividend level.

ALL's earnings are growing more than its dividend. This makes the dividend growth sustainable.

DP-326.58%

EPS Next 2Y331.5%

EPS Next 3Y180.8%

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ALLSTATE CORP

NYSE:ALL (4/25/2024, 11:40:06 AM)

172.53

+0.26 (+0.15%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupInsurance

GICS IndustryInsurance

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap45.51B

Analysts

Price Target

Dividend

		Industry Rank	Sector Rank
Dividend Yield	2.18%

Dividend Growth(5Y)

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

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PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

		Industry Rank	Sector Rank
PE	189.59
Fwd PE	13.26
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA

EPS(TTM)

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)0.14

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	-0.31%
ROE	-1.78%
ROCE
ROIC
ROICexc
ROICexgc
OM	0.35%
PM (TTM)	N/A
GM	N/A
FCFM

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.55

Health

		Industry Rank	Sector Rank
Debt/Equity	0.45
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

Growth

EPS 1Y (TTM)182.73%

EPS 3Y-60.54%

EPS 5Y

EPS growth Q2Q

EPS Next Y1329.36%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)11.06%

Revenue growth 3Y10.86%

Revenue growth 5Y

Revenue growth Q2Q

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y

ALLSTATE CORP (ALL)

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens