Financials The Allstate Corporation

Equities

ALL

US0200021014

Property & Casualty Insurance

Market Closed - Nyse 04:00:02 2024-05-07 pm EDT 5-day change 1st Jan Change
168.2 USD -1.11% Intraday chart for The Allstate Corporation -1.10% +20.15%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 36,429 33,426 33,727 35,962 36,631 44,388 - -
Enterprise Value (EV) 1 36,429 33,426 33,727 35,962 43,851 39,641 35,268 44,388
P/E ratio 8.01 x 6.35 x 23.7 x -26 x -117 x 12 x 9.94 x 8.65 x
Yield 1.78% 1.96% 2.75% 2.51% 2.54% 2.23% 2.29% 2.39%
Capitalization / Revenue 1.01 x 0.9 x 0.8 x 0.71 x 0.64 x 0.71 x 0.67 x 0.65 x
EV / Revenue 1.01 x 0.9 x 0.8 x 0.71 x 0.77 x 0.64 x 0.53 x 0.65 x
EV / EBITDA - - - - 30.1 x 8.16 x 6.34 x -
EV / FCF - - - - 11.1 x 21.5 x 10.9 x 19.2 x
FCF Yield - - - - 9.03% 4.66% 9.14% 5.21%
Price to Book 1.54 x 1.2 x 1.44 x 2.34 x 2.36 x 2.4 x 2.11 x 1.8 x
Nbr of stocks (in thousands) 323,956 304,068 286,676 265,210 261,687 263,915 - -
Reference price 2 112.4 109.9 117.6 135.6 140.0 168.2 168.2 168.2
Announcement Date 2/4/20 2/3/21 2/2/22 2/1/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 36,076 37,073 42,218 50,340 57,094 62,373 66,588 68,636
EBITDA 1 - - - - 1,459 4,859 5,566 -
EBIT 1 4,907 6,262 5,044 -71 755 4,823 5,851 7,148
Operating Margin 13.6% 16.89% 11.95% -0.14% 1.32% 7.73% 8.79% 10.41%
Earnings before Tax (EBT) 1 6,089 6,959 6,448 -1,858 -348 4,758 5,807 6,491
Net income 1 4,678 5,461 1,485 -1,416 -316 3,613 4,412 4,983
Net margin 12.97% 14.73% 3.52% -2.81% -0.55% 5.79% 6.63% 7.26%
EPS 2 14.03 17.31 4.960 -5.220 -1.200 13.97 16.91 19.45
Free Cash Flow 1 - - - - 3,961 1,846 3,222 2,311
FCF margin - - - - 6.94% 2.96% 4.84% 3.37%
FCF Conversion (EBITDA) - - - - 271.49% 37.99% 57.89% -
FCF Conversion (Net income) - - - - - 51.09% 73.03% 46.38%
Dividend per Share 2 2.000 2.160 3.240 3.400 3.560 3.745 3.846 4.022
Announcement Date 2/4/20 2/3/21 2/2/22 2/1/23 2/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 10,852 12,604 12,953 13,375 13,742 13,786 13,979 14,497 14,832 15,259 14,807 15,158 15,450 - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 970 916 -180 -494 -400 -396 - - - 1,719 712.2 1,184 1,706 - -
Operating Margin 8.94% 7.27% -1.39% -3.69% -2.91% -2.87% - - - 11.27% 4.81% 7.81% 11.04% - -
Earnings before Tax (EBT) 1 1,393 797 - - - - -1,748 -21 1,827 1,464 637 809.7 1,524 1,538 925.5
Net income 1 790 630 -1,042 -694 -310 -346 -1,389 -41 1,460 1,189 435.2 675.2 1,279 1,204 710.5
Net margin 7.28% 5% -8.04% -5.19% -2.26% -2.51% -9.94% -0.28% 9.84% 7.79% 2.94% 4.45% 8.28% - -
EPS 2 2.730 2.240 -3.810 -2.580 -1.170 -1.310 -5.290 -0.1600 5.520 4.510 1.833 2.630 4.795 4.882 2.490
Dividend per Share 2 0.8100 0.8500 0.8500 0.8500 0.8500 0.8900 0.8900 0.8900 0.8900 0.9200 0.9200 0.9200 0.9200 0.9350 0.9350
Announcement Date 2/2/22 5/4/22 8/3/22 11/2/22 2/1/23 5/3/23 8/1/23 11/1/23 2/7/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 7,220 - - -
Net Cash position 1 - - - - - 4,747 9,120 -
Leverage (Debt/EBITDA) - - - - 4.949 x - - -
Free Cash Flow 1 - - - - 3,961 1,846 3,222 2,311
ROE (net income / shareholders' equity) 16.9% 19.8% 14.6% -1.23% 1.5% 21.3% 22.7% 23.9%
ROA (Net income/ Total Assets) 3% 3.78% 1.32% -1.43% -0.38% 3.2% 3.8% 4.1%
Assets 1 155,933 144,479 112,713 98,699 83,180 112,919 116,104 121,533
Book Value Per Share 2 73.10 91.50 81.50 58.10 59.40 69.90 79.60 93.30
Cash Flow per Share - 17.40 - 18.90 - - - -
Capex 1 - - 345 420 267 508 558 -
Capex / Sales - - 0.82% 0.83% 0.47% 0.81% 0.84% -
Announcement Date 2/4/20 2/3/21 2/2/22 2/1/23 2/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
168.2 USD
Average target price
184.3 USD
Spread / Average Target
+9.57%
Consensus
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