Projected Income Statement: Progressive Corporation

Forecast Balance Sheet: Progressive Corporation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - 3,323 6,804 - - -
Change - - - - 104.75% - - -
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
Estimates

Cash Flow Forecast: Progressive Corporation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
CAPEX 1 266 363.5 223.5 243.5 292 252
Change - 36.65% -38.51% 8.95% 19.92% -13.7%
Free Cash Flow (FCF) 1 -999.4 -2,927 -5,334 11,285 3,203 11,529
Change - 192.89% 82.2% -311.59% -71.62% 259.95%
Announcement Date 2/27/19 3/2/20 3/1/21 2/28/22 2/27/23 2/26/24
1USD in Million
Estimates

Forecast Financial Ratios: Progressive Corporation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

         
EBITDA Margin (%) - - - - - 8.89% - - -
EBIT Margin (%) - 14.24% 18.22% 9.54% 2.28% 8.4% 13.15% 12.9% 12.13%
EBT Margin (%) - 13.73% 17.68% 9.07% 1.81% 7.97% 12.38% 11.11% 10.51%
Net margin (%) - 10.57% 14.06% 7.22% 1.41% 6.34% 9.73% 8.78% 8.2%
FCF / Net Income (%) - - - - 12.84% 16.88% - - -

Profitability

         
ROA - 6.26% 7.41% 4.96% 0.98% 4.75% 7% 6.9% 6.7%
ROE - 25.94% 28.71% 12.19% 13% 21.58% 31.24% 26.1% 23.23%

Financial Health

         
Leverage (Debt/EBITDA) 1.21x 0.77x 0.71x 1.03x 3.66x 1.28x - - -
Debt / Free cash flow -4.34x -1.5x -1.03x 0.43x 1.97x 0.61x - - -

Capital Intensity

         
CAPEX / Current Assets (%) - - 8.92% 0.52% 0.57% 0.41% - - -
CAPEX / EBITDA (%) - - - - - 4.61% - - -
CAPEX / FCF (%) - - - - 4.45% 2.43% - - -

Items per share

         
Cash flow per share 1 - - 11.75 - 11.67 - - - -
Change - - - - - - - - -
Dividend per Share 1 - 2.65 4.9 1.9 0.4 1.15 2.205 3.021 2.644
Change - - 84.91% -61.22% -78.95% 187.5% 91.74% 137.01% 87.51%
Book Value Per Share 1 - 22.54 28.27 30.35 26.32 33.8 44.01 53.14 64.06
Change - - 25.42% 7.36% -13.28% 28.42% 30.22% 120.74% 120.55%
EPS 1 - 6.72 9.66 5.66 1.18 6.58 12.08 12.66 13.26
Change - - 43.75% -41.41% -79.15% 457.63% 83.61% 104.8% 104.76%
Nbr of stocks (in thousands) - 584,630 585,300 585,064 585,070 584,961 585,698 585,698 585,698
Announcement Date - 1/29/20 1/27/21 1/26/22 1/25/23 1/24/24 - - -
1USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
215.90USD
Average target price
236.62USD
Spread / Average Target
+9.60%
Consensus
  1. Stock Market
  2. Equities
  3. PGR Stock
  4. Financials Progressive Corporation