The Allstate Corporation (ALL) vs Cincinnati Financial Corporation (CINF)

The Allstate Corporation and Cincinnati Financial Corporation are both Insurance Property & Casualty companies. The Allstate Corporation is the larger, with a market value of $67.4B against $28.9B — 2.3× the size. The Allstate Corporation trades at the lower P/E: 5.7× against 10.8×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 9.91% against 5.06%. Cincinnati Financial Corporation has the higher net margin (20.1% vs 16.4%) and the lower return on invested capital (13.2% vs 24.3%). Both pay a dividend; Cincinnati Financial Corporation yields more (1.99% vs 1.66%). Across the 21 metrics below, The Allstate Corporation leads on 11 and Cincinnati Financial Corporation on 10.

Valuation

Metric ALL CINF Insurance Property & Casualty median
P/E 5.70 10.76 11.90
P/S 0.92 2.15 1.24
P/B 2.12 1.76 1.86
Price to free cash flow 5.05 9.25 7.91
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 17.54% 9.29% 8.14%
Free cash flow yield 19.79% 10.81% 11.91%

Profitability

Metric ALL CINF Insurance Property & Casualty median
Gross margin 47.29% 25.48% 39.44%
Operating margin 21.70% 25.21% 14.71%
Net margin 16.41% 20.07% 10.47%
Free cash flow margin 18.13% 23.19% 18.60%
Return on equity 41.31% 16.87% 16.87%
Return on assets 9.28% 6.41% 3.49%
Return on invested capital 24.28% 13.22% 11.84%

Growth

Metric ALL CINF Insurance Property & Casualty median
Revenue growth (TTM) 5.06% 9.91% 5.51%
EPS growth (last fiscal year) 124.01% 4.40% 39.61%
Revenue growth, 5-year CAGR 10.06% 10.88% 9.23%
Net income growth, 5-year CAGR 13.23% 14.50% 10.09%

Health

Metric ALL CINF Insurance Property & Casualty median
Debt to equity 0.23 0.05 0.25
Current ratio 0.28 0.27 0.49
Net debt to EBITDA 0.55 (0.17) 0.08

Dividend

Metric ALL CINF Insurance Property & Casualty median
Dividend yield 1.66% 1.99% 1.59%
Payout ratio 0.10 0.22 0.15

Size

Metric ALL CINF Insurance Property & Casualty median
Market cap 67.44b 28.91b 2.62b

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