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 $57.4B against $24.9B — 2.3× the size. The Allstate Corporation trades at the lower P/E: 4.5× against 7.6×. Cincinnati Financial Corporation grew revenue faster over the last twelve months: 19.6% against 5.92%. Cincinnati Financial Corporation has the higher net margin (23.8% vs 18.8%) and the lower return on invested capital (16.7% vs 25.9%). Both pay a dividend; Cincinnati Financial Corporation yields more (2.99% vs 2.33%). Across the 23 metrics below, The Allstate Corporation leads on 12 and Cincinnati Financial Corporation on 11.

Valuation

Metric ALL CINF Insurance Property & Casualty median
P/E 4.49 7.58 10.29
P/S 0.83 1.80 1.17
P/B 1.84 1.50 1.83
Price to free cash flow 4.76 7.37 7.48
EV/EBITDA 3.79 5.54 7.49
EV/Sales 0.93 1.73 1.13
Earnings yield 22.28% 13.19% 9.50%
Free cash flow yield 21.02% 13.57% 13.29%

Profitability

Metric ALL CINF Insurance Property & Casualty median
Gross margin 49.07% 30.39% 41.16%
Operating margin 23.82% 30.16% 15.09%
Net margin 18.80% 23.84% 11.51%
Free cash flow margin 17.46% 24.37% 17.59%
Return on equity 49.14% 21.48% 18.19%
Return on assets 10.96% 8.11% 3.74%
Return on invested capital 25.89% 16.65% 12.06%

Growth

Metric ALL CINF Insurance Property & Casualty median
Revenue growth (TTM) 5.92% 19.55% 8.69%
EPS growth (last fiscal year) 124.01% 4.40% —
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 0.22 0.05 0.25
Current ratio 0.29 0.30 0.42
Net debt to EBITDA 0.55 (0.17) 0.08

Dividend

Metric ALL CINF Insurance Property & Casualty median
Dividend yield 2.33% 2.99% 2.79%
Payout ratio 1.08 0.34 0.27

Size

Metric ALL CINF Insurance Property & Casualty median
Market cap 57.44b 24.91b 2.44b

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