Allstate returned gains of 54.5% last year, with its stock price reaching a high of $168.05 and a low of $100.57. Over the same period, the stock outperformed the S&P 500 index by 22.9%. More recently, the company's 50-day average price was $158.16. The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. Based in Northbrook, IL, the Large-Cap Finance company has 53,000 full time employees. Allstate has not offered a dividend during the last year.
Low debt levels but a Declining EPS Growth Trend:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $39,815 | $41,541 | $41,909 | $50,588 | $51,412 | $55,909 |
| Interest Income (M) | $332 | $327 | $318 | $330 | $335 | $356 |
| Operating Margins | 7% | 15% | 13% | 10% | -3% | -4% |
| Net Margins | 5% | 12% | 13% | 3% | -3% | -4% |
| Net Income (M) | $2,160 | $4,847 | $5,576 | $1,599 | -$1,311 | -$1,976 |
| Depreciation & Amort. (M) | $511 | $647 | $686 | $1,086 | $847 | $740 |
| Diluted Shares (M) | 353 | 334 | 316 | 299 | 271 | 262 |
| Earnings Per Share | $5.7 | $14.03 | $17.31 | $4.96 | -$5.22 | -$7.93 |
| EPS Growth | n/a | 146.14% | 23.38% | -71.35% | -205.24% | -51.92% |
| Avg. Price | $84.09 | $91.08 | $91.98 | $115.99 | $123.91 | $165.25 |
| P/E Ratio | 14.55 | 6.39 | 5.25 | 23.01 | -23.74 | -20.84 |
| CAPEX (M) | $277 | $433 | $308 | $345 | $420 | $264 |
| EV / EBITDA | 10.99 | 5.42 | -7.43 | -1.63 | 19.19 | 0.99 |
| Total Debt (M) | $6,451 | $6,631 | $7,825 | $7,976 | $7,964 | $7,946 |
Allstate does not have a meaningful trailing P/E ratio since its earnings per share are currently in the red. Based on its EPS guidance of $16.44, the company has a forward P/E ratio of 9.6. In comparison, the average P/E ratio for the Finance sector is 12.38. Furthermore, Allstate is likely overvalued compared to the book value of its equity, since its P/B ratio of 2.75 is higher than the sector average of 1.58.
Allstate Has an Average Rating of Buy:
The 16 analysts following Allstate have set target prices ranging from $141.0 to $196.0 per share, for an average of $174.31 with a buy rating. The company is trading -5.2% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Allstate has a very low short interest because 1.1% of the company's shares are sold short. Institutions own 79.7% of the company's shares, and the insider ownership rate stands at 0.51%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 12% stake in the company is worth $5,318,501,514.
