The Allstate Corporation Financial Ratios — ALL Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	2.46	7.02	6.52	7.48	5.32	4.4	8.2	4.61	10.16	10.83	2.83	-2.67	-0.63	8.83	17.57
Return on Assets (%)	0.61	1.83	1.82	2.46	2.04	1.76	3.22	1.92	4.17	4.53	1.43	-1.31	-0.19	4.34	8.89
Return on Capital (%)	2.87	6.61	6.13	7.02	5.19	4.37	7.63	4.69	9.34	9.75	3.04	- -	- -	8.23	15.7
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	2.94	9.92	9.84	12.02	9.21	7.36	11.54	6.6	13.24	16.31	13.28	-3.62	-0.61	9.07	19.62
Profit Margin (%)	2.41	6.92	6.61	8.09	6.09	5.02	9.02	5.43	11.79	13.37	3.32	-2.55	-0.33	7.35	15.33
Net Income to Common Margin (%)	2.41	6.92	6.56	7.79	5.76	4.71	8.72	5.05	11.38	13.1	3.08	-2.75	-0.56	7.16	15.16
Effective Tax Rate (%)	17.94	30.25	32.86	32.72	33.85	31.84	21.87	17.81	20.5	20.19	19.98	- -	- -	20.17	21.97
Dvd Payout Ratio (%)	55.27	23.16	15.07	16.75	23.5	27.6	15.27	29.82	14.86	12.44	17.6	-61.73	-246.99	21.79	10.22
Sustainable Growth Rate (%)	1.1	5.39	5.54	6.23	4.07	3.18	6.95	3.24	8.65	9.48	2.33	-4.32	-2.18	6.91	15.77

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	5,908	6,057	6,201	5,140	5,124	6,347	6,350	6,451	6,631	7,825	7,976	7,964	7,942	8,085	7,490
ST Debt	- -	- -	- -	- -	- -	- -	317	317	250	250	250	1,100	950	600	550
LT Debt	5,908	6,057	6,201	5,140	5,124	6,347	6,033	6,134	6,381	7,575	7,726	6,864	6,992	7,485	6,940
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	-0.67	-0.76	-0.56	-0.89	-1.04	-1.06	-0.89	-0.83	-1.32	-0.97	-1.05	-1.25	-0.7	-0.52	-0.57
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	367	373	367	322	292	295	335	332	327	318	330	335	379	400	399
Common Equity/Total Assets	25.5	26.62	28.81	34.89	37.67	37.46	38.4	39.24	40.09	41.89	53.6	52.03	48.11	47.75	52.11
Long-Term Debt/Equity (%)	32.24	29.43	28.87	23.05	25.59	30.85	26.75	28.78	24.54	25.07	30.75	39.53	39.66	35.03	22.69
Long-Term Debt/Capital (%)	15.61	15.2	14.57	11.49	11.07	13.01	11.77	11.7	11.2	12.11	12.23	11.29	11.75	11.82	9.66
Long-Term Debt/Total Assets (%)	4.72	4.77	5.02	4.74	4.9	5.84	5.37	5.46	5.32	6.01	7.77	7	6.76	6.71	5.8
Total Debt/Equity (%)	32.24	29.43	28.87	23.05	25.59	30.85	28.16	30.27	25.51	25.9	31.74	45.87	45.05	37.84	24.49
Total Debt/Capital (%)	15.61	15.2	14.57	11.49	11.07	13.01	12.39	12.31	11.64	12.51	12.62	13.1	13.34	12.77	10.42
Total Debt/Total Assets (%)	4.72	4.77	5.02	4.74	4.9	5.84	5.65	5.75	5.53	6.21	8.02	8.13	7.68	7.24	6.25
Net Debt to Equity	28	25.52	25.73	20.1	23.12	28.73	25.42	27.93	24.21	24.87	28.71	41.63	40.95	34.54	22.27
Net Debt/Capital (%)	13.84	13.45	13.19	10.17	10.11	12.23	11.32	11.46	11.11	12.07	11.55	12.04	12.28	11.79	9.57
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	-246	-285	-207	-288	-303	-313	-299	-277	-433	-308	-345	-420	-267	-210	-228
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	25.5	26.62	28.81	34.89	37.67	37.46	38.4	39.24	40.09	41.89	53.6	52.03	48.11	47.75	52.11
Long-Term Debt/Equity (%)	32.24	29.43	28.87	23.05	25.59	30.85	26.75	28.78	24.54	25.07	30.75	39.53	39.66	35.03	22.69
Long-Term Debt/Capital (%)	15.61	15.2	14.57	11.49	11.07	13.01	11.77	11.7	11.2	12.11	12.23	11.29	11.75	11.82	9.66
Long-Term Debt/Total Assets (%)	4.72	4.77	5.02	4.74	4.9	5.84	5.37	5.46	5.32	6.01	7.77	7	6.76	6.71	5.8
Total Debt/Equity (%)	32.24	29.43	28.87	23.05	25.59	30.85	28.16	30.27	25.51	25.9	31.74	45.87	45.05	37.84	24.49
Total Debt/Capital (%)	15.61	15.2	14.57	11.49	11.07	13.01	12.39	12.31	11.64	12.51	12.62	13.1	13.34	12.77	10.42
Total Debt/Total Assets (%)	4.72	4.77	5.02	4.74	4.9	5.84	5.65	5.75	5.53	6.21	8.02	8.13	7.68	7.24	6.25
CFO/Total Liabilities	1.81	2.87	4.16	3.76	4.27	4.54	4.8	5.69	5.46	5.73	6.88	6.35	4.93	9.9	11.34
CFO/CapEx	7.84	10.72	20.49	11.24	11.93	12.76	14.43	18.68	11.85	17.83	14.83	12.19	15.84	42.53	44.34
Altman's Z-Score	0.7	0.75	0.84	1.03	1.05	1.07	1.16	1.12	1.16	1.15	1.58	1.58	1.53	1.62	1.7

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	3.84	2.56	2.59	2.63	2.55	2.63	2.71	2.62	2.62	2.84	3.04	2.72	3.01	3.31	3.39
Days Sales Outstanding	95.07	142.37	141.08	138.86	143.41	138.61	134.53	139.46	139.42	128.52	120.21	134.02	121.38	110.31	107.52
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	14,272	19,659	25,328	30,306	24,904	27,632	37,905	28,739	36,906	34,254	34,683	36,775	36,745	50,954	54,868
- Cash & Cash Equivalents	776	806	675	657	495	436	617	499	338	311	763	736	722	704	678
+ Preferred Equity and Hybrid Capital	- -	- -	780	1,746	1,746	1,746	1,746	1,930	2,248	1,970	1,970	1,970	2,001	2,001	2,001
+ Minority/Non Controlling Interest	28	- -	- -	- -	- -	- -	- -	- -	- -	- -	-52	-125	-140	-75	-21
+ Total Debt	5,908	6,057	6,201	5,140	5,124	6,347	6,350	6,451	6,631	7,825	7,976	7,964	7,942	8,085	7,490
Enterprise Value	18,141	22,574	29,241	33,995	29,157	31,001	43,440	33,594	41,191	36,931	39,805	41,675	40,682	55,724	58,773
Total Capital	37,854	39,849	42,570	44,737	46,292	48,780	51,267	52,423	56,962	62,571	63,197	60,788	59,528	63,308	71,872
Total Debt/Capital (%)	15.61	15.2	14.57	11.49	11.07	13.01	12.39	12.31	11.64	12.51	12.62	13.1	13.34	12.77	10.42
Total Debt / EV	0.33	0.27	0.21	0.15	0.18	0.2	0.15	0.19	0.16	0.21	0.2	0.19	0.2	0.15	0.13
EV/Sales	0.56	0.68	0.85	0.96	0.82	0.83	1.1	0.84	1	0.89	0.82	0.82	0.72	0.88	0.88
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	8.13	6.81	6.51	9.85	7.65	7.39	9.49	6.17	7.64	6.43	7.4	7.77	9.12	6.02	5.64
EV/Free Cash Flow to Firm	7.33	6.27	6.23	9.09	7.09	6.88	8.91	5.87	7.08	6.1	6.95	7.2	8.61	5.89	5.52
Diluted Market Cap	14,338	19,804	25,650	30,784	25,258	27,965	38,512	29,185	37,502	34,683	35,189	36,775	36,745	51,629	55,597
Diluted Enterprise Value	19,498	25,055	31,956	37,013	31,633	35,622	45,991	37,067	46,043	44,167	44,320	45,848	45,826	60,936	64,389
EV per Share	34.84	46.13	62.97	78.8	72.69	83.16	120	96.59	125.51	118.52	135.02	153.67	154.98	210.84	222.96
TTM Sales	32,654	33,315	34,507	35,239	35,653	37,399	39,407	39,815	41,104	41,692	48,680	50,617	56,591	63,515	67,069
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	2,230	3,314	4,488	3,453	3,809	4,194	4,576	5,448	5,389	5,745	5,380	5,367	4,460	9,250	10,421
TTM Free Cash Flow to Firm	2,476	3,599	4,695	3,741	4,112	4,507	4,875	5,725	5,822	6,053	5,725	5,787	4,727	9,460	10,649

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	6.59	5.93	5.77	8.74	6.45	6.49	8.35	5.35	6.74	5.98	6.44	6.64	8.17	5.65	5.38
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	18,141	22,574	29,241	33,995	29,157	31,001	43,440	33,594	41,191	36,931	39,805	41,675	40,682	55,724	58,773
Low Price	22.27	26.98	40.65	49.18	54.12	56.03	73.04	77	80.21	64.13	102.55	111.85	100.57	140.33	176
EV/Sales	0.56	0.68	0.85	0.96	0.82	0.83	1.1	0.84	1	0.89	0.82	0.82	0.72	0.88	0.88
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	18.14	8.53	11.19	11.04	12.12	15.69	11.03	14.28	7.89	6.27	23.12	- -	- -	11.2	5.4
Price/Earnings Average	19.06	7.52	10.15	9.32	12.86	14.25	9.29	16.39	7.05	5.68	24.09	-24.88	-99.55	10.13	5.19
Price/Earnings High	22.76	9.09	11.25	11.24	14.22	15.83	11.09	18.07	7.95	7.18	27.51	-28.1	-120.44	12.19	5.6
Price/Earnings Low	14.73	5.73	8.34	7.73	10.56	11.86	7.69	13.31	5.63	3.66	20.15	-21.76	-83.54	8.15	4.56
Price/Book Value	0.45	0.58	0.71	0.8	0.63	0.68	0.88	0.65	0.77	0.65	0.65	0.72	0.74	0.96	0.88
Price/Book Value Average	0.47	0.51	0.65	0.68	0.67	0.62	0.74	0.75	0.69	0.59	0.68	0.68	0.63	0.86	0.85
Price/Book Value High	0.56	0.62	0.72	0.82	0.74	0.69	0.88	0.83	0.77	0.74	0.77	0.77	0.77	1.04	0.91
Price/Book Value Low	0.36	0.39	0.53	0.56	0.55	0.51	0.61	0.61	0.55	0.38	0.57	0.6	0.53	0.7	0.74
Price/Tangible Book Value	0.84	1.02	1.3	1.57	1.46	1.57	2.1	1.78	1.78	1.35	1.9	3.43	3.29	3.32	2.2
Price/Tangible Book Value Average	0.88	0.9	1.18	1.32	1.55	1.42	1.77	2.04	1.59	1.22	1.98	3.24	2.82	3	2.12
Price/Tangible Book Value High	1.05	1.08	1.31	1.6	1.71	1.58	2.11	2.25	1.79	1.54	2.26	3.66	3.41	3.61	2.28
Price/Tangible Book Value Low	0.68	0.68	0.97	1.1	1.27	1.19	1.46	1.66	1.27	0.79	1.66	2.83	2.37	2.41	1.86
Price/Sales	0.44	0.59	0.73	0.86	0.7	0.74	0.96	0.72	0.9	0.82	0.71	0.73	0.65	0.8	0.82
Price/Sales Average	0.46	0.52	0.67	0.73	0.74	0.67	0.81	0.83	0.8	0.74	0.74	0.69	0.56	0.73	0.79
Price/Sales High	0.55	0.63	0.74	0.88	0.82	0.75	0.97	0.91	0.9	0.94	0.85	0.77	0.67	0.87	0.85
Price/Sales Low	0.36	0.4	0.55	0.6	0.61	0.56	0.67	0.67	0.64	0.48	0.62	0.6	0.47	0.58	0.69
Price/Cash Flow	7.4	6.44	5.97	9.37	6.89	6.92	8.79	5.55	7.2	6.24	6.78	7.18	8.69	5.71	5.43
Price/Cash Flow Average	7.77	5.68	5.42	7.91	7.31	6.28	7.41	6.37	6.43	5.65	7.06	6.77	7.44	5.16	5.22
Price/Cash Flow High	9.29	6.86	6	9.54	8.08	6.98	8.84	7.02	7.25	7.15	8.07	7.65	9	6.21	5.63
Price/Cash Flow Low	6.01	4.32	4.45	6.56	6	5.23	6.13	5.17	5.13	3.64	5.91	5.92	6.24	4.15	4.59
Price/Free Cash Flow Average	6.93	5.23	5.23	7.38	6.84	5.9	7.04	6.14	6.03	5.42	6.71	6.26	7	5.11	5.17
Price/Free Cash Flow High	8.27	6.32	5.8	8.89	7.56	6.55	8.4	6.77	6.79	6.85	7.67	7.07	8.47	6.15	5.58
Price/Free Cash Flow Low	5.36	3.98	4.3	6.12	5.62	4.91	5.82	4.99	4.81	3.49	5.62	5.47	5.87	4.11	4.55
EV/Sales Average	0.62	0.68	0.85	0.9	0.92	0.88	1	1.03	1.01	0.97	0.93	0.86	0.72	0.87	0.92
EV/Sales High	0.71	0.79	0.92	1.05	1	0.95	1.16	1.11	1.11	1.17	1.04	0.95	0.83	1.02	0.98
EV/Sales Low	0.51	0.55	0.73	0.78	0.79	0.76	0.86	0.87	0.85	0.71	0.81	0.78	0.63	0.73	0.82
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	27.41	40.17	54.54	70.25	62.09	74.12	104.71	82.63	112.45	109.93	117.65	135.6	139.98	192.79	208.15
High Price	34.4	42.81	54.84	71.53	72.87	74.77	105.36	104.52	113.32	125.92	140	144.46	144.99	209.88	215.89
Enterprise Value Average	20,157	22,586	29,284	31,834	32,808	32,748	39,428	40,850	41,540	40,511	45,267	43,752	40,539	55,378	61,586
Enterprise Value High	23,072	26,202	31,774	37,087	35,603	35,531	45,619	44,234	45,733	48,721	50,403	48,251	47,141	64,778	65,701
Enterprise Value Low	16,756	18,455	25,184	27,445	28,083	28,545	33,919	34,663	34,866	29,467	39,363	39,407	35,481	46,396	55,186

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	501	479	449	418	381	366	355	332	319	304	281	263	262	265	260
Diluted Weighted Avg Shares	523	493	470	438	407	377	368	353	334	316	299	271	262	268	267
Basic Weighted Avg Shares	521	489	464	431	401	373	362	348	328	312	295	271	262	264	264
Revenue per Share	62.71	68.07	74.3	81.69	88.89	100.32	108.86	114.48	125.24	133.8	165.13	186.64	215.58	240.31	254.43
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.51	4.71	4.87	6.37	5.12	4.72	9.5	5.78	14.25	17.53	5.09	-5.14	-1.2	17.22	38.56
Basic EPS from Cont Ops	1.51	4.71	4.91	6.61	5.41	5.03	9.82	6.21	13.18	17.42	17.55	-4.95	-0.81	17.4	38.95
Diluted EPS, GAAP	1.5	4.68	4.81	6.27	5.05	4.67	9.35	5.7	14.03	17.31	5.02	-5.14	-1.2	16.99	38.06
Diluted EPS from Cont Ops	1.5	4.68	4.85	6.5	5.34	4.97	9.66	6.12	12.97	17.21	17.3	-4.95	-0.81	17.17	38.44
Dividend per Share	0.84	1.09	0.77	1.31	1.49	1.61	1.77	2.15	2.4	2.49	3.39	3.8	3.93	4.08	4.37
Cash Flow per Share	3.7	6.24	9.13	7.5	9.02	10.71	11.92	14.88	15.63	17.62	17.35	18.88	16.11	33.79	38.35
Free Cash Flow per Basic Share	3.23	5.66	8.69	6.83	8.26	9.87	11.09	14.08	14.31	16.63	16.18	17.33	15.09	33	37.49
Cash & Equivalents per Share	3.97	6.42	6.61	7.41	6.52	12.67	7.07	10.14	14	22.84	16.19	18.1	22.35	19.83	21.11
Book Value per Share	61.3	69.05	76.63	87.74	98.28	109.14	119.26	126.63	146.51	169.37	180.81	187.98	189.43	201.65	236.73
Tangible Book Value per Share	32.81	39.52	41.9	44.83	42.53	47.23	49.91	46.4	63.14	81.59	61.86	39.51	42.52	58.14	94.51

The Allstate Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)