Allstate Net Receivables vs Common Stock Analysis

ALL Stock  USD 205.57  1.75  0.86%   
Allstate financial indicator trend analysis is way more than just evaluating Allstate prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Allstate is a good investment. Please check the relationship between Allstate Net Receivables and its Common Stock accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Allstate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Receivables vs Common Stock

Net Receivables vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Allstate Net Receivables account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Allstate's Net Receivables and Common Stock is 0.83. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Common Stock in the same time period over historical financial statements of The Allstate, assuming nothing else is changed. The correlation between historical values of Allstate's Net Receivables and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of The Allstate are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Net Receivables i.e., Allstate's Net Receivables and Common Stock go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Net Receivables

Common Stock

Most indicators from Allstate's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Allstate current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Allstate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Selling General Administrative is expected to rise to about (31.6 M) this year. The value of Tax Provision is estimated to slide to about 581.5 M
 2023 2024 2025 2026 (projected)
Gross Profit7.2B14.5B16.7B32.0B
Total Revenue56.6B63.5B73.0B38.0B

Allstate fundamental ratios Correlations

0.750.140.530.520.32-0.430.24-0.410.980.60.61-0.120.120.480.170.360.550.870.30.690.2-0.030.870.13-0.12
0.750.240.740.360.12-0.640.02-0.580.60.660.710.080.240.20.00.60.490.740.580.770.32-0.040.730.25-0.18
0.140.24-0.20.11-0.350.2-0.550.180.09-0.25-0.240.380.16-0.42-0.5-0.22-0.220.02-0.170.06-0.130.10.03-0.350.35
0.530.74-0.20.01-0.08-0.980.16-0.90.410.950.970.120.210.460.330.810.750.770.760.870.260.040.760.63-0.5
0.520.360.110.010.710.070.050.130.520.010.08-0.020.190.0-0.34-0.07-0.090.24-0.080.08-0.310.040.23-0.320.36
0.320.12-0.35-0.080.710.180.650.150.360.020.07-0.51-0.290.140.00.07-0.060.030.05-0.16-0.22-0.180.03-0.050.27
-0.43-0.640.2-0.980.070.18-0.090.94-0.31-0.93-0.94-0.2-0.26-0.42-0.34-0.81-0.76-0.72-0.76-0.84-0.21-0.1-0.71-0.670.52
0.240.02-0.550.160.050.65-0.09-0.160.280.370.35-0.65-0.660.460.360.340.20.120.28-0.06-0.03-0.260.120.3-0.05
-0.41-0.580.18-0.90.130.150.94-0.16-0.31-0.88-0.89-0.09-0.21-0.39-0.5-0.8-0.88-0.71-0.76-0.81-0.16-0.05-0.71-0.820.61
0.980.60.090.410.520.36-0.310.28-0.310.520.51-0.170.070.520.210.240.510.820.180.590.14-0.020.820.07-0.08
0.60.66-0.250.950.010.02-0.930.37-0.880.520.99-0.020.040.60.40.790.780.80.720.820.180.060.790.65-0.48
0.610.71-0.240.970.080.07-0.940.35-0.890.510.99-0.010.080.530.380.840.770.80.780.830.180.080.780.65-0.46
-0.120.080.380.12-0.02-0.51-0.2-0.65-0.09-0.17-0.02-0.010.79-0.04-0.45-0.1-0.070.11-0.090.10.10.270.1-0.24-0.17
0.120.240.160.210.19-0.29-0.26-0.66-0.210.070.040.080.790.0-0.090.010.240.330.010.340.210.290.33-0.04-0.31
0.480.2-0.420.460.00.14-0.420.46-0.390.520.60.53-0.040.00.270.130.560.640.010.390.31-0.150.630.28-0.38
0.170.0-0.50.33-0.340.0-0.340.36-0.50.210.40.38-0.45-0.090.270.40.70.340.370.40.010.030.350.72-0.42
0.360.6-0.220.81-0.070.07-0.810.34-0.80.240.790.84-0.10.010.130.40.620.510.990.670.230.20.50.65-0.38
0.550.49-0.220.75-0.09-0.06-0.760.2-0.880.510.780.77-0.070.240.560.70.620.820.550.830.210.040.830.81-0.62
0.870.740.020.770.240.03-0.720.12-0.710.820.80.80.110.330.640.340.510.820.430.890.280.071.00.4-0.44
0.30.58-0.170.76-0.080.05-0.760.28-0.760.180.720.78-0.090.010.010.370.990.550.430.620.190.220.430.62-0.34
0.690.770.060.870.08-0.16-0.84-0.06-0.810.590.820.830.10.340.390.40.670.830.890.620.270.140.890.55-0.38
0.20.32-0.130.26-0.31-0.22-0.21-0.03-0.160.140.180.180.10.210.310.010.230.210.280.190.27-0.150.280.03-0.4
-0.03-0.040.10.040.04-0.18-0.1-0.26-0.05-0.020.060.080.270.29-0.150.030.20.040.070.220.14-0.150.07-0.14-0.03
0.870.730.030.760.230.03-0.710.12-0.710.820.790.780.10.330.630.350.50.831.00.430.890.280.070.41-0.44
0.130.25-0.350.63-0.32-0.05-0.670.3-0.820.070.650.65-0.24-0.040.280.720.650.810.40.620.550.03-0.140.41-0.59
-0.12-0.180.35-0.50.360.270.52-0.050.61-0.08-0.48-0.46-0.17-0.31-0.38-0.42-0.38-0.62-0.44-0.34-0.38-0.4-0.03-0.44-0.59
Click cells to compare fundamentals

Allstate Account Relationship Matchups

Allstate fundamental ratios Accounts

202120222023202420252026 (projected)
Total Assets99.4B98.0B103.4B111.6B128.4B123.0B
Total Stockholder Equity25.1B17.4B17.6B21.4B24.6B20.6B
Property Plant And Equipment Net939M987M859M669M769.4M1.1B
Retained Earnings53.3B51.0B49.7B53.3B61.3B33.2B
Non Current Assets Total76.3B4.9B78.6B86.8B78.2B77.3B
Non Currrent Assets Other66.4B(59.3B)69.9B77.2B69.5B63.1B
Common Stock Shares Outstanding299.1M271.2M262.5M267.8M241.0M463.7M
Liabilities And Stockholders Equity99.4B98.0B103.4B111.6B128.4B123.0B
Non Current Liabilities Total74.3B80.2B85.7B90.3B81.2B60.6B
Other Stockholder Equity(30.7B)(33.1B)(33.3B)(33.0B)(29.7B)(28.2B)
Total Liab74.3B80.6B85.7B90.3B103.8B102.4B
Accumulated Other Comprehensive Income655M(2.4B)(700M)(889M)(800.1M)(760.1M)
Short Long Term Debt Total8.0B8.7B7.9B8.1B9.3B5.7B
Net Debt7.2B7.2B7.2B7.4B8.5B5.1B
Other Current Liab33.5B38.6B41.7B(600M)(690M)(655.5M)
Total Current Liabilities29.2B33.5B386M42.0B48.3B50.8B
Cash763M736M722M704M809.6M526.4M
Other Assets10.6B81.5B32.5B96.4B110.8B116.4B
Cash And Short Term Investments4.8B4.9B5.9B5.2B6.0B4.0B
Net Receivables18.4B18.8B18.9B19.5B22.5B23.6B
Short Term Investments4.0B4.2B5.1B4.5B5.2B3.5B
Total Current Assets23.2B11.6B24.7B24.8B28.5B14.7B
Good Will2.5B2.4B3.5B3.2B3.7B3.9B
Other Liab57.6B43.4B12.3B11.2B10.1B9.5B
Accounts Payable6.9B8.7B34.2B(39.3B)(45.2B)(42.9B)
Long Term Debt8.0B8.0B7.9B8.1B9.3B6.5B
Other Current Assets14.0B14.6B(12.1B)16.4B14.8B14.1B
Intangible Assets1.4B1.2B966M754M867.1M1.7B
Property Plant Equipment939M987M1.0B834M750.6M808.5M
Retained Earnings Total Equity48.1B52.8B53.3B51.0B58.6B40.3B
Net Tangible Assets21.2B25.7B19.7B12.0B10.8B15.0B

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When determining whether Allstate is a strong investment it is important to analyze Allstate's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Allstate's future performance. For an informed investment choice regarding Allstate Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in The Allstate. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allstate. If investors know Allstate will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allstate listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.222
Dividend Share
3.92
Earnings Share
31.1
Revenue Per Share
252.774
Quarterly Revenue Growth
0.038
The market value of Allstate is measured differently than its book value, which is the value of Allstate that is recorded on the company's balance sheet. Investors also form their own opinion of Allstate's value that differs from its market value or its book value, called intrinsic value, which is Allstate's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allstate's market value can be influenced by many factors that don't directly affect Allstate's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allstate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allstate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allstate's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.