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 96 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0053.HKGuoco Group Limited1.06%$0.7324.48%
0QRA.LBufab AB (publ)1.06%$1.0533.67%
1478.HKQ Technology (Group) Company Limited1.06%$0.0916.75%
300547.SZSichuan Chuanhuan Technology Co.,Ltd.1.06%$0.4246.91%
3605.TWACES Electronics Co., Ltd.1.06%$0.6716.60%
600862.SSAVIC Aviation High-Technology Co., Ltd.1.06%$0.2533.36%
600895.SSShanghai Zhangjiang Hi-Tech Park Development Co., Ltd.1.06%$0.4766.35%
601989.SSChina Shipbuilding Industry Company Limited1.06%$0.0548.46%
603823.SSLily Group Co., Ltd.1.06%$0.1639.52%
603856.SSShandong Donghong Pipe Industry Co., Ltd.1.06%$0.1321.43%
603909.SSHolsin Engineering Consulting Group Co.,Ltd.1.06%$0.1228.69%
688015.SSTraffic Control Technology Co., Ltd.1.06%$0.2432.90%
SPLTN.STInvestment AB Spiltan1.06%$2.197.20%
002452.SZChanggao Electric Group Co., Ltd.1.05%$0.0919.43%
002632.SZDaoming Optics&Chemical Co.,Ltd1.05%$0.1339.58%
002864.SZShaanxi Panlong Pharmaceutical Group Limited By Share Ltd1.05%$0.3228.23%
006800.KSMirae Asset Securities Co. Ltd.1.05%$257.6512.18%
090430.KSAmorepacific Corporation1.05%$1,336.4358.38%
1230.HKYashili International Holdings Ltd1.05%$0.0130.51%
136490.KSSunjin Co.,Ltd.1.05%$100.043.41%
300543.SZShenzhen Longood Intelligent Electric Co.,LTD1.05%$0.1299.57%
301580.SZAidite Qinhuangdao Technology Co Ltd1.05%$0.4727.41%
484870.KSMNC Solution Co., Ltd.1.05%$1,480.2735.83%
603017.SSARTS Group Co., Ltd1.05%$0.1279.10%
603067.SSHubei Zhenhua Chemical Co.,Ltd.1.05%$0.3031.09%
603358.SSHuada Automotive Technology Corp.,Ltd1.05%$0.5359.33%
603929.SSL&K Engineering (Suzhou) Co.,Ltd.1.05%$1.0033.37%
BRIS.JKPT Bank Syariah Indonesia Tbk1.05%$22.7814.07%
EREGL.ISEregli Demir ve Çelik Fabrikalari T.A.S.1.05%$0.2633.82%
TECKTeck Resources Limited1.05%$0.5119.75%
002957.SZShenzhen Colibri Technologies Co., Ltd.1.04%$0.2242.63%
006280.KSGC Biopharma Corp.1.04%$1,649.8533.43%
0N08.LPanoro Energy ASA1.04%$0.2168.53%
3733.TSoftware Service, Inc.1.04%$140.0111.99%
4307.TNomura Research Institute, Ltd.1.04%$62.8935.46%
600100.SSTsinghua Tongfang Co.,Ltd.1.04%$0.0978.90%
600863.SSInner Mongolia MengDian HuaNeng Thermal Power Corporation Limited1.04%$0.0514.74%
603989.SSHunan Aihua Group Co., Ltd1.04%$0.1731.43%
605118.SSXiamen Leading Optics Co., Ltd.1.04%$0.3146.29%
6720.TWOMajor-Power Technology Co., Ltd.1.04%$1.2720.76%
6808.HKSun Art Retail Group Limited1.04%$0.0242.72%
SSC.BKSermsuk Public Company Limited1.04%$0.5234.17%
000779.SZGansu Engineering Consulting Group Co., Ltd.1.03%$0.0818.98%
0A0H.ILBeijer Ref AB (publ)1.03%$1.3828.57%
103590.KSIljin Electric Co.,Ltd1.03%$600.4233.30%
2614.TWEastern Media International Corporation1.03%$0.2311.71%
2GB.DE2G Energy AG1.03%$0.3715.61%
300888.SZWinner Medical Co., Ltd.1.03%$0.3925.98%
301149.SZShandong Longhua New Material Co., Ltd.1.03%$0.1134.91%
319660.KQPSK Inc.1.03%$400.0014.97%