Prudential Financial Inc.
PRU
Market Cap$39.71B
Close$
Earnings Call Q5 2023
February 7, 2024 - AI Summary
Prudential reported strong financial results for 2023, with pre-tax adjusted operating income of $5.5 billion and earnings per share of $11.62.
The company executed several attractive transactions in 2023 to enhance capital efficiency, including the reinsurance of a $10 billion block of traditional variable annuities and the closure of a $10 billion transaction of structured settlement annuities with Prismic.
Prudential's global investment manager, PGIM, saw assets under management increase by 6% to $1.3 trillion, driven by market appreciation. However, there were net outflows of $13.5 billion in the fourth quarter, primarily due to redemptions in fixed income and equity mandates.
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$285.82
157.1% upside
Current Fair Value
157.1% upsideUndervalued by 157.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $39.71 Billion |
|---|---|
| Enterprise Value | $66.64 Billion |
| Dividend Yield | $4.9567 (4.56%) |
| Earnings per Share | $6.76 |
| Beta | 0.96 |
| Outstanding Shares | 359,000,000 |
| Avg 30 Day Volume | 1,299,853 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 15.87 |
|---|---|
| PEG | -4.76 |
| Price to Sales | 0.74 |
| Price to Book Ratio | 1.44 |
| Enterprise Value to Revenue | 1.23 |
| Enterprise Value to EBIT | 20.21 |
| Enterprise Value to Net Income | 27 |
| Total Debt to Enterprise | 0.4 |
| Debt to Equity | 0.97 |
Revenue Sources
No data
ESG Score
No data
About Prudential Financial Inc.
41,671 employees
CEO: Charles Lowrey Prudential plc is an Asia-led portfolio of businesses focused on structural growth markets. The business helps people get the most out of life through life and health insurance, and retirement and asset management solutions. Prudential p...