Company Valuation: Progressive Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 60,057 75,889 93,173 1,40,366 1,33,534 1,18,920 - -
Change - 26.36% 22.77% 50.65% -4.87% -10.94% - -
Enterprise Value (EV) 60,057 79,212 99,976 1,40,366 1,33,534 1,18,920 1,18,920 1,18,920
Change - 31.9% 26.21% 40.4% -4.87% -10.94% 0% 0%
P/E 18.1x 110x 24.2x 16.6x 11.8x 11.2x 12.4x 12.5x
PBR 3.38x 4.93x 4.71x 5.49x 4.4x 3.3x 2.85x 2.56x
PEG - -1.4x 0x 0x 0.4x -2.14x -1.32x -10.77x
Capitalization / Revenue 1.29x 1.49x 1.51x 1.89x 1.61x 1.36x 1.28x 1.2x
EV / Revenue 0x 0x 0x 0x 0x 1.36x 1.28x 1.2x
EV / EBITDA - - - - - - - -
EV / EBIT - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.9 0.4 1.15 4.9 13.9 9.493 7.249 6.618
Rate of return 1.85% 0.31% 0.72% 2.04% 6.1% 4.64% 3.54% 3.24%
EPS 2 5.66 1.18 6.58 14.4 19.23 18.22 16.51 16.32
Distribution rate 33.6% 33.9% 17.5% 34% 72.3% 52.1% 43.9% 40.5%
Net sales 1 46,405 51,081 61,550 74,424 83,174 87,358 93,059 98,916
EBITDA - - 5,472 - - - - -
EBIT 4,429 1,166 5,172 10,992 - - - -
Net income 1 3,351 721.5 3,902 8,480 11,308 10,723 9,523 9,217
Net Debt - 3,323 6,804 - - - - -
Reference price 2 102.65 129.71 159.28 239.61 227.72 204.54 204.54 204.54
Nbr of stocks (in thousands) 5,85,064 5,85,070 5,84,961 5,85,812 5,86,397 5,81,400 - -
Announcement Date 26/01/22 25/01/23 24/01/24 29/01/25 28/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.3x - - 4.61% 12TCr
7.02x0.55x - 5.46% 4.18TCr
14.71x2.18x17.38x4.81% 1.44TCr
20.39x2.51x - 5.55% 1.41TCr
9.06x - - 1.2% 585.85Cr
12.6x - - 5.14% 392.32Cr
10.48x1.07x3.91x5.92% 136.39Cr
Average 12.22x 1.58x 10.64x 4.67% 2.87TCr
Weighted average by Cap. 11.25x 1.27x 16.21x 4.79%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Progressive Corporation