Progressive Corporation (PGR)
Progressive Statistics
Share Statistics
Progressive has 586.24M shares outstanding. The number of shares has increased by 0.09% in one year.
| Shares Outstanding | 586.24M |
| Shares Change (YoY) | 0.09% |
| Shares Change (QoQ) | 0.07% |
| Owned by Institutions (%) | 85.75% |
| Shares Floating | 584.62M |
| Failed to Deliver (FTD) Shares | 6 |
| FTD / Avg. Volume | < 0.01% |
Short Selling Information
The latest short interest is 5.89M, so 1% of the outstanding shares have been sold short.
| Short Interest | 5.89M |
| Short % of Shares Out | 1% |
| Short % of Float | 1.01% |
| Short Ratio (days to cover) | 1.43 |
Valuation Ratios
The PE ratio is 16.55 and the forward PE ratio is 17.09. Progressive's PEG ratio is 0.14.
| PE Ratio | 16.55 |
| Forward PE | 17.09 |
| PS Ratio | 16.01 |
| Forward PS | 1.4 |
| PB Ratio | 5.48 |
| P/FCF Ratio | 9.46 |
| PEG Ratio | 0.14 |
Enterprise Valuation
Progressive has an Enterprise Value (EV) of 147.07B.
| EV / Sales | 16.78 |
| EV / EBITDA | 0 |
| EV / EBIT | 9.73 |
| EV / FCF | 9.91 |
Financial Position
The company has a current ratio of 0, with a Debt / Equity ratio of 0.27.
| Current Ratio | 0 |
| Quick Ratio | 0 |
| Debt / Equity | 0.27 |
| Debt / EBITDA | - |
| Debt / FCF | 0.46 |
| Interest Coverage | 0 |
Financial Efficiency
Return on Equity is 33.14% and Return on Invested Capital is 0%.
| Return on Equity | 33.14% |
| Return on Assets | 8.02% |
| Return on Invested Capital | 0% |
| Revenue Per Employee | $132.16K |
| Profits Per Employee | $127.89K |
| Employee Count | 66,308 |
| Asset Turnover | 0.08 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -59M |
| Effective Tax Rate | -0.7% |
Stock Price Statistics
The stock price has increased by 24.99% in the last 52 weeks. The beta is 0.38, so Progressive's price volatility has been higher than the market average.
| Beta | 0.38 |
| 52-Week Price Change | 24.99% |
| 50-Day Moving Average | 273.59 |
| 200-Day Moving Average | 250.85 |
| Relative Strength Index (RSI) | 45.22 |
| Average Volume (20 Days) | 3.3M |
Income Statement
In the last 12 months, Progressive had revenue of 8.76B and earned 8.48B in profits. Earnings per share was 14.48.
| Revenue | 8.76B |
| Gross Profit | 8.76B |
| Operating Income | 0 |
| Net Income | 8.48B |
| EBITDA | 0 |
| EBIT | 8.7B |
| Earnings Per Share (EPS) | 14.48 |
Balance Sheet
The company has 143M in cash and 6.89B in debt, giving a net cash position of -6.75B.
| Cash & Cash Equivalents | 143M |
| Total Debt | 6.89B |
| Net Cash | -6.75B |
| Retained Earnings | 24.28B |
| Total Assets | 105.75B |
| Working Capital | 95.57B |
Cash Flow
In the last 12 months, operating cash flow was 15.12B and capital expenditures -285M, giving a free cash flow of 14.83B.
| Operating Cash Flow | 15.12B |
| Capital Expenditures | -285M |
| Free Cash Flow | 14.83B |
| FCF Per Share | 25.33 |
Margins
Gross margin is 100%, with operating and profit margins of 0% and 96.77%.
| Gross Margin | 100% |
| Operating Margin | n/a |
| Pretax Margin | 96.1% |
| Profit Margin | 96.77% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 169.28% |
Dividends & Yields
PGR pays an annual dividend of $5, which amounts to a dividend yield of 1.71%.
| Dividend Per Share | $5.00 |
| Dividend Yield | 1.71% |
| Dividend Growth (YoY) | 441.18% |
| Payout Ratio | 33.69% |
| Earnings Yield | 6.04% |
| FCF Yield | 10.57% |
Analyst Forecast
The average price target for PGR is $288, which is 8.6% higher than the current price. The consensus rating is "Buy".
| Price Target | $288 |
| Price Target Difference | 8.6% |
| 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 | 3.05 |
| Piotroski F-Score | 4 |