Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Progressive Corporation (PGR)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$1,182.06 - $3,624.55$3,396.74
Multi-Stage$486.22 - $532.23$508.80
Blended Fair Value$1,952.77
Current Price$246.95
Upside690.75%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-16.33%-2.77%1.150.400.406.372.642.801.110.670.880.69
YoY Growth--188.03%0.00%-93.75%141.55%-5.61%150.91%65.63%-23.82%28.59%-54.78%
Dividend Yield--0.41%0.19%0.28%5.59%2.76%3.79%1.53%1.10%2.25%1.95%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)10,713.50
(-) Cash Dividends Paid (M)2,870.90
(=) Cash Retained (M)7,842.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,142.701,339.19803.51
Cash Retained (M)7,842.607,842.607,842.60
(-) Cash Required (M)-2,142.70-1,339.19-803.51
(=) Excess Retained (M)5,699.906,503.417,039.09
(/) Shares Outstanding (M)587.84587.84587.84
(=) Excess Retained per Share9.7011.0611.97
LTM Dividend per Share4.884.884.88
(+) Excess Retained per Share9.7011.0611.97
(=) Adjusted Dividend14.5815.9516.86
WACC / Discount Rate6.80%6.80%6.80%
Growth Rate5.50%6.50%7.50%
Fair Value$1,182.06$3,396.74$3,624.55
Upside / Downside378.66%1,275.48%1,367.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)10,713.5011,409.8812,151.5212,941.3713,782.5614,678.4215,118.78
Payout Ratio26.80%39.44%52.08%64.72%77.36%90.00%92.50%
Projected Dividends (M)2,870.904,499.786,328.298,375.5010,662.1013,210.5813,984.87

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.80%6.80%6.80%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)4,173.674,213.234,252.79
Year 2 PV (M)5,444.275,547.965,652.64
Year 3 PV (M)6,683.286,875.137,070.62
Year 4 PV (M)7,891.298,194.778,506.92
Year 5 PV (M)9,068.889,506.919,961.70
PV of Terminal Value (M)252,555.99264,754.54277,419.96
Equity Value (M)285,817.38299,092.55312,864.63
Shares Outstanding (M)587.84587.84587.84
Fair Value$486.22$508.80$532.23
Upside / Downside96.89%106.03%115.52%

High-Yield Dividend Screener

« Prev Page 95 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
9753.TIX Knowledge Incorporated1.10%$14.889.61%
AVT-B.STAVTECH Sweden AB (publ)1.10%$0.1032.56%
CDA.AXCodan Limited1.10%$0.3231.38%
IDNTT.MIId-Entity Sa1.10%$0.0311.47%
KGP.LKingspan Group plc1.10%$0.8012.81%
SHUL3.SASchulz S.A.1.10%$0.3144.56%
UPR.IRUniphar plc1.10%$0.049.04%
ZEEL.BOZee Entertainment Enterprises Limited1.10%$1.0016.79%
001250.KSGS Global Corp.1.09%$25.084.73%
002429.SZShenzhen MTC Co., Ltd.1.09%$0.0829.88%
002953.SZGuangdong Rifeng Electric Cable Co., Ltd.1.09%$0.1232.59%
300319.SZShenzhen Microgate Technology Co., Ltd.1.09%$0.1333.08%
300674.SZYusys Technologies Co., Ltd.1.09%$0.2646.66%
300783.SZThree Squirrels Inc.1.09%$0.2544.60%
4091.TNippon Sanso Holdings Corporation1.09%$51.0120.63%
600707.SSCaihong Display Devices Co.,Ltd.1.09%$0.0764.77%
601890.SSAsian Star Anchor Chain Co., Ltd. Jiangsu1.09%$0.1135.99%
6259.TWOBull Will Co., Ltd.1.09%$0.2054.01%
6503.TMitsubishi Electric Corporation1.09%$50.1726.33%
6803.TTeac Corporation1.09%$1.0113.81%
9119.TIino Kaiun Kaisha, Ltd.1.09%$15.5011.01%
SKAN.SWSKAN Group AG1.09%$0.5826.70%
SWID.JKPT Saraswanti Indoland Development Tbk1.09%$1.4921.40%
003610.KSPangrim Co., Ltd.1.08%$61.3781.78%
1SXP.FSCHOTT Pharma AG & Co. KGaA1.08%$0.1616.41%
4464.TSOFT99corporation1.08%$43.4331.92%
600547.SSShandong Gold Mining Co., Ltd.1.08%$0.4239.93%
600796.SSZhejiang Qianjiang Biochemical Co., Ltd1.08%$0.0731.17%
601888.SSChina Tourism Group Duty Free Corporation Limited1.08%$1.0261.99%
605005.SSCWB Automotive Electronics Co., Ltd.1.08%$0.2137.31%
605305.SSFicont Industry (Beijing) Co., Ltd.1.08%$0.4518.57%
CLEO.JKPT Sariguna Primatirta Tbk1.08%$5.0213.26%
LAGR-B.STLagercrantz Group AB (publ)1.08%$2.1941.29%
TGLSTecnoglass Inc.1.08%$0.5614.58%
002008.SZHan's Laser Technology Industry Group Co., Ltd.1.07%$0.4440.28%
002202.SZGoldwind Science&Technology Co., Ltd.1.07%$0.2234.44%
028260.KSSamsung C&T Corporation1.07%$2,611.0020.13%
300824.SZShenzhen Crastal Technology Co.,Ltd1.07%$0.1234.67%
300988.SZTianJin JinRong TianYu Precision Machinery Inc.1.07%$0.2433.20%
4063.TShin-Etsu Chemical Co., Ltd.1.07%$51.9920.10%
600106.SSChongqing road & bridge co.,ltd1.07%$0.0738.79%
603628.SSClenergy Technology Co., Ltd.1.07%$0.1443.21%
605333.SSKunshan Huguang Auto Harness Co.,Ltd.1.07%$0.3222.66%
688075.SSAssure Tech (Hangzhou) Co., Ltd.1.07%$0.4243.69%
ALKER.PAMedia-Maker S.p.A.1.07%$0.011.99%
HEM.STHemnet Group AB (publ)1.07%$1.7029.97%
JIM.LJarvis Securities plc1.07%$0.1268.74%
LIPR3.SAEletrobras Participações S.A. - Eletropar1.07%$0.3918.20%
LTIM.BOLTIMindtree Limited1.07%$64.9139.55%
002085.SZZhejiang Wanfeng Auto Wheel Co., Ltd.1.06%$0.1744.04%