Progressive Corporation (PGR)
Progressive Statistics
Share Statistics
Progressive has 585.81M shares outstanding. The number of shares has increased by 0.02% in one year.
| Shares Outstanding | 585.81M |
| Shares Change (YoY) | 0.02% |
| Shares Change (QoQ) | 0.02% |
| Owned by Institutions (%) | 83.26% |
| Shares Floating | 584.16M |
| Failed to Deliver (FTD) Shares | 78 |
| FTD / Avg. Volume | < 0.01% |
Short Selling Information
The latest short interest is 6.16M, so 1.05% of the outstanding shares have been sold short.
| Short Interest | 6.16M |
| Short % of Shares Out | 1.05% |
| Short % of Float | 1.05% |
| Short Ratio (days to cover) | 2.5 |
Valuation Ratios
The PE ratio is 23.87 and the forward PE ratio is 17.11. Progressive's PEG ratio is 0.05.
| PE Ratio | 23.87 |
| Forward PE | 17.11 |
| PS Ratio | 1.5 |
| Forward PS | 1.5 |
| PB Ratio | 4.59 |
| P/FCF Ratio | 8.97 |
| PEG Ratio | 0.05 |
Enterprise Valuation
Progressive Corporation has an Enterprise Value (EV) of 100.13B.
| EV / Earnings | 25.66 |
| EV / Sales | 1.61 |
| EV / EBITDA | 18.3 |
| EV / EBIT | 19.36 |
| EV / FCF | 9.64 |
Financial Position
The company has a current ratio of 0, with a Debt / Equity ratio of 0.34.
| Current Ratio | 0 |
| Quick Ratio | 0 |
| Debt / Equity | 0.34 |
| Total Debt / Capitalization | 25.36 |
| Cash Flow / Debt | 1.55 |
| Interest Coverage | 19.27 |
Financial Efficiency
Return on equity (ROE) is 0.19% and return on capital (ROIC) is 15.15%.
| Return on Equity (ROE) | 0.19% |
| Return on Assets (ROA) | 0.04% |
| Return on Capital (ROIC) | 15.15% |
| Revenue Per Employee | $1,010,585.69 |
| Profits Per Employee | $63,523.9 |
| Employee Count | 61,432 |
| Asset Turnover | 0.7 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 1B |
| Effective Tax Rate | 0.2 |
Stock Price Statistics
The stock price has increased by 50.56% in the last 52 weeks. The beta is 0.35, so Progressive's price volatility has been higher than the market average.
| Beta | 0.35 |
| 52-Week Price Change | 50.56% |
| 50-Day Moving Average | 250.67 |
| 200-Day Moving Average | 238.89 |
| Relative Strength Index (RSI) | 75.91 |
| Average Volume (20 Days) | 2.61M |
Income Statement
In the last 12 months, Progressive had revenue of 62.08B and earned 3.9B in profits. Earnings per share was 6.61.
| Revenue | 62.08B |
| Gross Profit | 62.07B |
| Operating Income | 5.17B |
| Net Income | 3.9B |
| EBITDA | 5.47B |
| EBIT | 5.17B |
| Earnings Per Share (EPS) | 6.61 |
Balance Sheet
The company has 84.9M in cash and 6.89B in debt, giving a net cash position of -6.8B.
| Cash & Cash Equivalents | 84.9M |
| Total Debt | 6.89B |
| Net Cash | -6.8B |
| Retained Earnings | 18.8B |
| Total Assets | 105.2B |
| Working Capital | 16.04B |
Cash Flow
In the last 12 months, operating cash flow was 10.64B and capital expenditures -252M, giving a free cash flow of 10.39B.
| Operating Cash Flow | 10.64B |
| Capital Expenditures | -252M |
| Free Cash Flow | 10.39B |
| FCF Per Share | 17.77 |
Margins
Gross margin is 99.99%, with operating and profit margins of 8.33% and 6.29%.
| Gross Margin | 99.99% |
| Operating Margin | 8.33% |
| Pretax Margin | 7.9% |
| Profit Margin | 6.29% |
| EBITDA Margin | 8.81% |
| EBIT Margin | 8.33% |
| FCF Margin | 16.74% |
Dividends & Yields
PGR pays an annual dividend of $5.75, which amounts to a dividend yield of 2.08%.
| Dividend Per Share | $5.75 |
| Dividend Yield | 2.08% |
| Dividend Growth (YoY) | 441.18% |
| Payout Ratio | 39.9% |
| Earnings Yield | 2.32% |
| FCF Yield | 6.23% |
Analyst Forecast
The average price target for PGR is $280, which is -1.7% lower than the current price. The consensus rating is "Buy".
| Price Target | $280 |
| Price Target Difference | -1.7% |
| Analyst Consensus | Buy |
| Analyst Count | 17 |
Stock Splits
The last stock split was on May 19, 2006. It was a forward split with a ratio of 4:1.
| Last Split Date | May 19, 2006 |
| Split Type | forward |
| Split Ratio | 4:1 |
Scores
| Altman Z-Score | 2.77 |
| Piotroski F-Score | 4 |