Progressive Story

<div class='circular--portrait' style='background:#347AFC;color: #ffffff;font-size:4em;'>PR</div>
PGR -- USA Stock  

USD 92.60  1.38  1.47%

While some baby boomers are getting worried about financial services space, it is reasonable to sum up Progressive. Why are we still confident in anticipation of a complete recovery. Is the stock current valuation justified for 2020? Here i will cover my perspective on valuation to give Progressive retail investors a better outlook on taking a position in the stock.
Published over a month ago
View all stories for Progressive | View All Stories
Is Progressive (NYSE:PGR) ready for a correction?
The company has 5.58 B in debt with debt to equity (D/E) ratio of 0.33, which is OK given its current industry classification. Progressive has a current ratio of 0.44, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Progressive is FAIRLY VALUED at 92.96 per share with modest projections ahead.
We determine the current worth of Progressive using both absolute as well as relative valuation methodologies to arrive at its intrinsic value. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Progressive based exclusively on its fundamental and basic technical indicators. By analyzing Progressive's financials, quarterly and monthly indicators, and related drivers such as dividends, operating cash flow, and various types of growth rates, we attempt to find the most accurate representation of Progressive's intrinsic value. In some cases, mostly for established, large-cap companies, we also incorporate more traditional valuation methods such as dividend discount, discounted cash flow, or asset-based models. As compared to an absolute model, our relative valuation model uses a comparative analysis of Progressive. We calculate exposure to Progressive's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Progressive's related companies.

Progressive Investment Alerts

Progressive investment alerts and warnings help investors to get more proficient at understanding not only critical technical and fundamental signals but also the significant portfolio-centered indicators. These indicators include beta, alpha, and other risk-related measures that will help you in monitoring Progressive performance across your portfolios.Please check all investment alerts for Progressive

Progressive Valuation Ratios as Compared to Competition

Our valuation model uses many indicators to compare Progressive value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Progressive competition to find correlations between indicators driving the intrinsic value of Progressive.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Progressive, but it might be worth checking our own buy vs. sell analysis

A Deeper Perspective

The entity reported the last year's revenue of 40.54 B. Total Income to common stockholders was 4.38 B with profit before taxes, overhead, and interest of 5.53 B.
 2017 2018 2019 2020 (projected)
Cost of Revenue18.81 B21.72 B24.98 B21.26 B
Consolidated Income1.6 B2.62 B3.01 B3.25 B

Margins Breakdown

Progressive profit margins show the degree to which it makes money. Margin indicators are used not only by investors but also by creditors or Progressive itself as indicators of financial health and management effectiveness. Please look more closely at the different varieties of Progressive profit margins.
EBITDA Margin0.0947
Gross Margin0.28
Profit Margin8.17


Progressive Average Assets is increasing over the last 8 years. The previous year's value of Progressive Average Assets was 42,836,208,553. Also, Progressive Net Income Per Employee is increasing over the last 8 years. The latest value of Progressive Net Income Per Employee is 103,046.

Will price continue to spike in September 2020?

The mean deviation is down to 1.26 as of today. Progressive has relatively low volatility with skewness of 0.08 and kurtosis of 1.77. However, we advise all investors to independently investigate Progressive to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns.

Our Takeaway on Progressive Investment

While few other entities under the insurance?property & casualty industry are still a bit expensive, Progressive may offer a potential longer-term growth to retail investors. To conclude, as of the 19th of August 2020, our research shows that Progressive is a rather very steady investment opportunity with a low probability of distress in the next two years. From a slightly different view, the entity currently appears to be fairly valued. Our concluding 30 days buy-or-sell advice on the enterprise is Strong Buy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Progressive. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com