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Market Price

61.88 

-0.12 -0.2%

as of Dec 17 '18

52 Week Range:

50.79 73.69


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

The Progressive Corporation, through its subsidiaries, provides personal and commercial auto insurance, residential property insurance, and other specialty property-casualty insurance and related services primarily in the United States. Its Personal Lines segment writes insurance for personal autos, and recreational and other vehicles. This segment's products include personal auto insurance; and special lines products, including insurance for motorcycles, ATVs, RVs, watercrafts, and snowmobiles. The company's Commercial Lines segment provides primary liability, physical damage, and other auto-related insurance for autos, vans, pick-up trucks, and dump trucks used by small businesses; tractors, trailers, and straight trucks primarily used by regional general freight and expeditor-type businesses, and non-fleet long-haul operators; dump trucks, log trucks, and garbage trucks used by dirt, sand and gravel, logging, and coal-type businesses; tow trucks and wreckers used in towing services and gas/service station businesses; and non-fleet taxis, black-car services, and airport taxis. Its Property segment provides residential property insurance for homeowners, other property owners, and renters, as well as offers personal umbrella insurance, and primary and excess flood insurance. The company also offers policy issuance and claims adjusting services; home, condominium, renters, and other insurance; and general liability and business owner's policies, and workers' compensation insurance. In addition, it offers reinsurance services. The Progressive Corporation sells its products and services through independent insurance agencies, as well as directly on Internet, and mobile devices, and over the phone. The company was founded in 1937 and is headquartered in Mayfield Village, Ohio.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Equity (BVPS) 7.28
6.23
8.55
9.13
9.49
9.94
11.40
11.80
12.79
13.96
15.97
growth rate -14.4% 37.2% 6.8% 3.9% 4.7% 14.7% 3.5% 8.4% 9.2% 14.4%
Earnings BIT 1,690.00
-222.30
1,560.00
1,570.00
1,490.00
1,320.00
1,720.00
2,029.10
2,048.50
1,610.00
2,293.00
growth rate -100.0% 100.0% 0.6% -5.1% -11.4% 30.3% 18.0% 1.0% -21.4% 42.4%
Avg.PE 11.51
-167.10
11.44
12.33
12.24
14.20
14.12
12.21
15.44
22.63
21.52
growth rate -100.0% 100.0% 7.8% -0.7% 16.0% -0.6% -13.5% 26.5% 46.6% -4.9%
ROA 6.17
-0.38
5.52
5.19
4.72
4.05
4.95
5.10
4.56
3.26
4.41
growth rate -100.0% 100.0% -6.0% -9.1% -14.2% 22.2% 3.0% -10.6% -28.5% 35.3%
ROE 20.07
-1.53
21.23
18.11
17.13
15.28
19.11
19.53
17.83
13.52
18.47
growth rate -100.0% 100.0% -14.7% -5.4% -10.8% 25.1% 2.2% -8.7% -24.2% 36.6%
ROIC 16.62
0.28
16.09
14.55
13.61
12.10
15.45
15.86
growth rate -98.3% 5,646.4% -9.6% -6.5% -11.1% 27.7% 2.7%
Leverage 3.82
4.33
3.49
3.50
3.76
3.78
3.94
3.72
4.09
4.20
4.17
growth rate 13.4% -19.4% 0.3% 7.4% 0.5% 4.2% -5.6% 10.0% 2.7% -0.7%
Balance Sheet Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Acct.Receivable 3,817.60
4,151.00
4,475.80
3,537.50
3,987.70
4,509.20
5,422.50
growth rate 8.7% 7.8% -21.0% 12.7% 13.1% 20.3%
Acct.Payable 1,770.80
1,855.50
2,675.20
1,813.10
2,042.70
13,794.50
15,889.00
growth rate 4.8% 44.2% -32.2% 12.7% 575.3% 15.2%
Cur.Assets 7,208.10
8,183.10
10,476.40
11,168.90
growth rate 13.5% 28.0% 6.6%
Total Assets 18,250.50
20,049.30
21,150.30
21,844.80
22,694.70
24,408.20
25,787.60
29,819.30
33,427.50
38,701.20
growth rate 9.9% 5.5% 3.3% 3.9% 7.6% 5.7% 15.6% 12.1% 15.8%
Cash 2.90
160.70
158.90
155.70
179.10
75.10
108.40
224.10
211.50
265.00
growth rate 5,441.4% -1.1% -2.0% 15.0% -58.1% 44.3% 106.7% -5.6% 25.3%
Cur.Liabilities 7,706.70
9,208.80
21,699.40
25,471.40
growth rate 19.5% 135.6% 17.4%
Liabilities 14,035.20
14,300.70
15,101.40
16,038.10
16,687.70
18,218.70
18,859.00
22,065.00
24,986.70
28,912.70
growth rate 1.9% 5.6% 6.2% 4.1% 9.2% 3.5% 17.0% 13.2% 15.7%
LT Debt 2,170.00
2,175.50
2,177.20
1,958.20
2,442.10
2,063.10
1,860.90
2,164.70
2,707.90
3,148.20
3,306.30
growth rate 0.3% 0.1% -10.1% 24.7% -15.5% -9.8% 16.3% 25.1% 16.3% 5.0%
Equity 4,935.50
4,215.30
5,748.60
6,048.90
5,806.70
6,007.00
6,189.50
6,928.60
7,289.40
7,957.10
9,284.80
growth rate -14.6% 36.4% 5.2% -4.0% 3.5% 3.0% 11.9% 5.2% 9.2% 16.7%
Common Shares 719.00
673.00
672.00
663.00
636.00
607.00
604.00
594.00
589.00
585.00
586.00
growth rate -6.4% -0.2% -1.3% -4.1% -4.6% -0.5% -1.7% -0.8% -0.7% 0.2%
Cash Flow Statement Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Capital Expenditures 136.30
97.40
64.80
56.70
78.90
127.70
140.40
108.10
130.70
215.00
155.70
growth rate -28.5% -33.5% -12.5% 39.2% 61.9% 10.0% -23.0% 20.9% 64.5% -27.6%
Cash Dividends 1,406.50
98.30
0.00
763.70
263.60
853.70
175.60
296.30
403.60
519.00
395.40
growth rate -93.0% -100.0% -65.5% 223.9% -79.4% 68.7% 36.2% 28.6% -23.8%
Cash From OA 1,791.00
1,549.20
1,486.80
1,679.30
1,497.90
1,691.40
1,899.90
1,725.60
2,292.90
2,732.70
3,756.80
growth rate -13.5% -4.0% 13.0% -10.8% 12.9% 12.3% -9.2% 32.9% 19.2% 37.5%
FCF per Share 2.33
2.15
2.11
2.43
2.19
2.57
2.69
2.85
3.57
3.73
5.93
growth rate -7.7% -1.9% 15.2% -9.9% 17.4% 4.7% 6.0% 25.3% 4.5% 59.0%
Sale Purchase of Stock -975.40
-173.70
-273.40
0.20
0.20
-192.50
-62.00
growth rate 0.0% 0.0% 100.0% 0.0% -100.0% 0.0%
FCF 1,655.00
1,451.00
1,420.00
1,614.00
1,419.00
1,564.00
1,760.00
1,618.00
2,162.00
2,487.00
3,601.00
growth rate -12.3% -2.1% 13.7% -12.1% 10.2% 12.5% -8.1% 33.6% 15.0% 44.8%
Income Statement Dec '07 Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17
Sales 14,690.00
12,840.10
14,563.60
14,963.30
15,774.70
17,083.90
18,170.90
19,377.30
20,831.90
23,417.40
26,816.10
growth rate -12.6% 13.4% 2.7% 5.4% 8.3% 6.4% 6.6% 7.5% 12.4% 14.5%
Op.Income -222.30
1,556.90
1,565.20
1,015.50
902.30
1,165.40
2,029.10
2,048.50
1,610.00
2,293.00
growth rate 100.0% 0.5% -35.1% -11.2% 29.2% 74.1% 1.0% -21.4% 42.4%
IBT -222.30
1,556.90
1,565.20
1,487.00
1,317.70
1,720.00
1,907.40
1,911.60
1,470.70
2,138.90
growth rate 100.0% 0.5% -5.0% -11.4% 30.5% 10.9% 0.2% -23.1% 45.4%
Net Income -70.00
1,057.50
1,068.30
1,015.50
902.30
1,165.40
1,281.00
1,267.60
1,031.00
1,592.20
growth rate 100.0% 1.0% -4.9% -11.2% 29.2% 9.9% -1.1% -18.7% 54.4%
EPS 1.65
-0.10
1.57
1.61
1.59
1.48
1.93
2.15
2.15
1.76
2.72
growth rate -100.0% 100.0% 2.6% -1.2% -6.9% 30.4% 11.4% 0.0% -18.1% 54.6%
Gross Profit 1,834.50
-56.40
1,726.40
1,732.00
1,652.70
1,493.00
1,895.80
2,080.00
2,126.00
1,702.00
2,402.50
growth rate -100.0% 100.0% 0.3% -4.6% -9.7% 27.0% 9.7% 2.2% -19.9% 41.2%

Quarterly Statements

Item Name Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Earnings BIT 288.80
728.10
947.60
921.80
1,172.50
growth rate 152.1% 30.2% -2.7% 27.2%
Balance Sheet Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Acct.Receivable 5,532.00
5,422.50
6,043.80
6,230.20
6,776.60
growth rate -2.0% 11.5% 3.1% 8.8%
Acct.Payable 16,387.70
15,889.00
16,414.10
17,570.50
18,474.10
growth rate -3.0% 3.3% 7.1% 5.1%
Cur.Assets 13,130.90
11,168.90
12,019.20
12,483.30
12,759.10
growth rate -14.9% 7.6% 3.9% 2.2%
Total Assets 38,932.60
38,701.20
41,330.90
43,363.50
45,543.70
growth rate -0.6% 6.8% 4.9% 5.0%
Cash 224.90
265.00
190.10
154.80
121.90
growth rate 17.8% -28.3% -18.6% -21.3%
Inventory
growth rate
Cur.Liabilities 25,393.00
25,471.40
26,497.50
27,876.90
29,548.90
growth rate 0.3% 4.0% 5.2% 6.0%
Liabilities 29,145.00
28,912.70
30,493.50
32,144.50
33,467.50
growth rate -0.8% 5.5% 5.4% 4.1%
LT Debt 3,312.20
3,306.30
3,859.20
3,859.50
3,859.90
growth rate -0.2% 16.7% 0.0% 0.0%
Equity 9,289.40
9,284.80
9,829.30
10,506.90
11,364.90
growth rate -0.1% 5.9% 6.9% 8.2%
Common Shares 581.60
581.70
582.40
582.50
583.10
growth rate 0.0% 0.1% 0.0% 0.1%
Cash Flow Statement Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Capital Expenditures 36.50
46.00
35.80
66.20
62.80
growth rate 26.0% -22.2% 84.9% -5.1%
Cash Dividends 654.90
654.90
654.90
13.50
13.50
growth rate 0.0% 0.0% -97.9% 0.0%
Cash From OA 1,169.90
550.20
1,747.10
1,736.20
1,718.20
growth rate -53.0% 217.5% -0.6% -1.0%
Sale Purchase of Stock 0.60
0.60
0.60
2.70
growth rate 0.0% 0.0% 350.0%
FCF 1,133.40
504.20
1,711.30
1,670.00
1,655.40
growth rate -55.5% 239.4% -2.4% -0.9%
Income Statement Sep '17 Dec '17 Mar '18 Jun '18 Sep '18
Sales 6,786.00
7,115.10
7,424.10
8,011.80
8,490.00
growth rate 4.9% 4.3% 7.9% 6.0%
Op.Income 288.80
728.10
947.60
921.80
1,172.50
growth rate 152.1% 30.2% -2.7% 27.2%
IBT 251.40
691.40
910.80
880.10
1,130.50
growth rate 175.0% 31.7% -3.4% 28.5%
Net Income 224.00
576.30
718.00
704.20
928.40
growth rate 157.3% 24.6% -1.9% 31.8%
EPS
growth rate
Gross Profit 317.70
755.80
976.90
958.80
1,208.30
growth rate 137.9% 29.3% -1.9% 26.0%
R&D
growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

A (86.53)

YOY Growth Grade:

D (48.43)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 12.71 12.45 13.10
EPS / Growth 8.6% 4.97 19.9%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 9.6%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 8.6% 9.1% 9.1%
Future PE 12.71 14.68 14.68
Future EPS 11.38 11.90 11.90
Value Price
MOS %
35.76
-42.2%
43.18
-30.2%
43.18
-30.2%
MOS Price 17.88 21.59 21.59
IRT 8.30 8.17 8.17

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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