Allstate Financial Statements From 2010 to 2024
| ALL Stock | USD 175.41 2.45 1.42% |
Gross Profit 6.4 B | Profit Margin (0) | Market Capitalization 46.3 B | Enterprise Value Revenue 0.9321 | Revenue 57.1 B |
Check Allstate financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allstate main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Allstate financial statements analysis is a perfect complement when working with Allstate Valuation or Volatility modules.
Allstate |
The Allstate Company Current Valuation Analysis
Allstate's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Allstate Current Valuation | 49.7 B |
Most of Allstate's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, The Allstate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, The Allstate has a Current Valuation of 49.7 B. This is 51.44% higher than that of the Insurance sector and significantly higher than that of the Financials industry. The current valuation for all United States stocks is 198.97% lower than that of the firm.
Allstate Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Allstate's current stock value. Our valuation model uses many indicators to compare Allstate value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Allstate competition to find correlations between indicators driving Allstate's intrinsic value. More Info.The Allstate is number one stock in return on equity category among related companies. It is number one stock in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Allstate by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Allstate's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Allstate's earnings, one of the primary drivers of an investment's value.About Allstate Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Allstate income statement, its balance sheet, and the statement of cash flows. Allstate investors use historical funamental indicators, such as Allstate's revenue or net income, to determine how well the company is positioned to perform in the future. Although Allstate investors may use each financial statement separately, they are all related. The changes in Allstate's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allstate's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Allstate Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allstate. Please read more on our technical analysis and fundamental analysis pages.
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The Allstate Corporation was founded in 1931 and is based in Northbrook, Illinois. Allstate Corp operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 54300 people.
Pair Trading with Allstate
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allstate position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allstate will appreciate offsetting losses from the drop in the long position's value.Moving together with Allstate Stock
| 0.65 | L | Loews Corp Earnings Call This Week | PairCorr |
| 0.69 | DOMA | Doma Holdings | PairCorr |
| 0.87 | FRFHF | Fairfax Financial | PairCorr |
Moving against Allstate Stock
| 0.65 | FACO | First Acceptance Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Allstate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allstate when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allstate - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling The Allstate to buy it.
The correlation of Allstate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allstate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allstate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allstate can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Allstate Correlation against competitors. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Allstate Stock analysis
When running Allstate's price analysis, check to measure Allstate's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allstate is operating at the current time. Most of Allstate's value examination focuses on studying past and present price action to predict the probability of Allstate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allstate's price. Additionally, you may evaluate how the addition of Allstate to your portfolios can decrease your overall portfolio volatility.
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Is Allstate's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allstate. If investors know Allstate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allstate listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.68) | Dividend Share 3.56 | Earnings Share (1.19) | Revenue Per Share 217.501 | Quarterly Revenue Growth 0.087 |
The market value of Allstate is measured differently than its book value, which is the value of Allstate that is recorded on the company's balance sheet. Investors also form their own opinion of Allstate's value that differs from its market value or its book value, called intrinsic value, which is Allstate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allstate's market value can be influenced by many factors that don't directly affect Allstate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allstate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allstate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allstate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.