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 1,23,454 - -
Change - 26.36% 22.77% 50.65% -4.87% -7.55% - -
Enterprise Value (EV) 60,057 79,212 99,976 1,40,366 1,33,534 1,23,454 1,23,454 1,23,454
Change - 31.9% 26.21% 40.4% -4.87% -7.55% 0% 0%
P/E 18.1x 110x 24.2x 16.6x 11.8x 11.7x 12.9x 13x
PBR 3.38x 4.93x 4.71x 5.49x 4.4x 3.42x 2.96x 2.66x
PEG - -1.4x 0x 0x 0.4x -2.16x -1.36x -15.47x
Capitalization / Revenue 1.29x 1.49x 1.51x 1.89x 1.61x 1.42x 1.34x 1.25x
EV / Revenue 0x 0x 0x 0x 0x 1.42x 1.34x 1.25x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x - 11.6x 13x 13.1x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 1.9 0.4 1.15 4.9 13.9 8.917 7.234 7.22
Rate of return 1.85% 0.31% 0.72% 2.04% 6.1% 4.2% 3.41% 3.4%
EPS 2 5.66 1.18 6.58 14.4 19.23 18.19 16.46 16.32
Distribution rate 33.6% 33.9% 17.5% 34% 72.3% 49% 43.9% 44.2%
Net sales 1 46,405 51,081 61,550 74,424 83,174 87,191 92,472 98,618
EBITDA - - 5,472 - - - - -
EBIT 1 4,429 1,166 5,172 10,992 - 10,624 9,496 9,406
Net income 1 3,351 721.5 3,902 8,480 11,308 10,668 9,541 9,197
Net Debt - 3,323 6,804 - - - - -
Reference price 2 102.65 129.71 159.28 239.61 227.72 212.35 212.35 212.35
Nbr of stocks (in thousands) 5,85,064 5,85,070 5,84,961 5,85,812 5,86,397 5,81,372 - -
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.($)
11.76x - - 4.17% 12TCr
7.26x0.57x - 5.27% 4.43TCr
15.48x2.88x16.59x4.27% 1.53TCr
20.12x2.47x - 5.62% 1.39TCr
9.16x - - 1.19% 585.79Cr
11.66x - - 5.55% 360.07Cr
10.84x1.09x3.92x5.92% 142.78Cr
423.91x - - - 130.45Cr
Average 63.77x 1.75x 10.26x 4.57% 2.61TCr
Weighted average by Cap. 14.13x 1.41x 15.52x 4.46%

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