Progressive Corporation provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. The company was founded in 1937 and is based in Mayfield Village, Ohio.
PGR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for PGR, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Progressive Corp ranked in the 71th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Progressive Corp, consider:
As a business, PGR is generating more cash flow than 94.56% of positive cash flow stocks in the Financial Services.
The business' balance sheet suggests that 9% of the company's capital is sourced from debt; this is greater than merely 20.71% of the free cash flow producing stocks we're observing.
PGR's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 38.68% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Progressive Corp? See MCY, RE, CACC, ORI, and WRLD.
Progressive (PGR) enters the voluntary benefits market by partnering with Pets Best to provide pet insurance to U.S. companies that want to add the coverage as a voluntary employee benefit.The Progressive branded product will be written and serviced by Pets Best, which is part of Synchrony Financial's ([[SYF]] +0.6%) CareCredit...
“Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in a letter to shareholders. In the letter that was mostly commentary on second quarter results, Griffith vowed to increase her …