Allstate Corp (The)
Exchange: NYSESector: Financial ServicesIndustry: Insurance - Property & Casualty
The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices, and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has more than 210 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate."
Did you know?
A large-cap company with a $54.2B market cap.
Current Price
$207.03
+1.44%GoodMoat Value
$2256.54
990.0% undervaluedProfile
Valuation (TTM)
Market Cap$54.18B
P/E5.33
EV$61.18B
P/B1.77
Shares Out261.68M
P/Sales0.80
Revenue$67.69B
EV/EBITDA4.34
Allstate Corp (The) (ALL) Stock Analysis
GoodMoat Analysis
Allstate appears to be a financially robust, high-return business trading at a seemingly low valuation. Its primary moat stems from its powerful brand and significant scale, though it operates in a competitive industry. The massive discrepancy between the current price and the provided GoodMoat Target suggests a deeply favourable valuation, but this requires careful verification.
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Allstate is a major property and casualty insurer, a business model that generates float from premiums to invest while underwriting risks. Applying the GoodMoat framework, its competitive advantages are anchored in Brand & Culture, given its decades of national brand recognition, and Scale Privilege from its massive customer base and investment portfolio. However, the insurance industry is highly competitive with relatively low switching costs for standard policies, limiting its potential moat score. On quality metrics, Allstate shines with a strong ROE of 33.6%, far exceeding the 15-20% threshold for high returns, and a robust free cash flow yield of 18.4%. Its valuation multiples are low, with a P/E of 5.3 and a debt-to-equity ratio of 0.24 indicating a conservative balance sheet. According to the Decision Framework, the business likely passes the Moat & Quality Gate due to its financial strength. The critical question is valuation: the provided GoodMoat Target of $2,256.54 implies a margin of safety well over 1,000% compared to the current $204.71 price, which would classify it as 'Deeply Undervalued' per the framework's bands. This extreme discrepancy is highly unusual and warrants investigation to confirm the target's methodology and assumptions before any conclusion can be drawn. For a value investor, the combination of high returns and a low headline price makes Allstate a compelling candidate for deeper due diligence, specifically to reconcile the fundamental performance with the extraordinary valuation signal. Analysis based on data as of 2024-05-15.
Market Cap$54.18B
Current Price$207.03
P/E Ratio5.33
Forward P/E—
PEG Ratio0.05
EPS$38.06
Book Value$116.97
P/B Ratio1.77
ALL Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 13.2% FCF growth (CAGR)
Cash vs Debt
Net Debt: 6.8B
Revenue
41.5B
FY19
41.9B
FY20
50.6B
FY21
51.4B
FY22
57.1B
FY23
64.1B
FY24
67.7B
FY25
Net Income
4.8B
FY19
5.6B
FY20
1.6B
FY21
—
FY22
—
FY23
4.7B
FY24
10.3B
FY25
ALL 52-Week Range
$177.01
$214.18
50-Day MA: $205.30200-Day MA: $201.80
Did you know?
Pays a 1.91% dividend yield.
Allstate Corp (The) (ALL) Financial Summary
Allstate Corp (The) (ALL) is a Financial Services company in the Insurance - Property & Casualty industry, listed on NYSE. The stock currently trades at $207.03 with a market capitalization of $54.18B.
Key valuation metrics include a P/E ratio of 5.33, price-to-book ratio of 1.77, and EPS of $38.06. The company reports a profit margin of 15.2% and return on equity of 33.6%.
ALL Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $54.18B |
| P/E Ratio | 5.33 |
| EPS | $38.06 |
| P/B Ratio | 1.77 |
| P/S Ratio | 0.80 |
| EV/EBITDA | 4.34 |
| Dividend Yield | 1.91% |
| Profit Margin | 15.2% |
| Return on Equity | 33.6% |
| Debt/Equity | 0.24 |
ALL Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $41.54B | $4.85B |
| FY20 | $41.91B | $5.58B |
| FY21 | $50.60B | $1.61B |
| FY22 | $51.41B | $-1.29B |
| FY23 | $57.09B | $-188.00M |
| FY24 | $64.11B | $4.67B |
| FY25 | $67.69B | $10.28B |
Allstate Corp (The) (ALL) Valuation
Based on GoodMoat's DCF model, Allstate Corp (The) has a fair value estimate of $2256.54. At the current price of $207.03, the stock appears 90.8% undervalued relative to our intrinsic value estimate.
ALL Quality Indicators
Allstate Corp (The) maintains a profit margin of 15.2% and an operating margin of 30.9%. Return on equity stands at 33.6%. Debt-to-equity ratio is 0.24.
About Allstate Corp (The)
The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices, and identities. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online, and at the workplace. Allstate has more than 210 million policies in force and is widely known for the slogan "You're in Good Hands with Allstate."
ALL Free Cash Flow
Allstate Corp (The) generated $9.88B in trailing twelve-month free cash flow, representing an FCF yield of 18.24%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
ALL Shares Outstanding
Allstate Corp (The) has 0.26 billion shares outstanding at a share price of $207.03, giving it a market capitalization of $54.18B.
ALL Recent Insider Trades
Recent insider transactions at Allstate Corp (The) include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| WILSON THOMAS J (Chairman, President & CEO) | SELL | 2,139 | $444164.85 |
| WILSON THOMAS J (Chairman, President & CEO) | SELL | 9,284 | $1.97M |
| Merten Jesse E | SELL | 8,811 | $1.83M |