Cincinnati Financial (CINF)
Financials · $29.2B market cap · SEC CIK 0000020286
ahead of 95% of the S&P 500 · #4 of 76 in Financials
Next reports on Feb 8, 2027, after the close, with analysts expecting $3.05 in earnings per share.
52-week range $153.40 to $195.72. 3% below its 52-week high and 24% above its low.
The case for CINF
- Cheap for its growth: 10.9× earnings, where 10% a year of growth plus a 2.9% dividend would justify about 27×.
- 22% of revenue drops through to net profit.
- Earnings per share up 27.0%.
- Pays a 2.9% dividend while you wait.
- Return on equity of 17%.
- Moves less than the market (beta 0.50).
The case against
- Weakest against its peers: revenue growth of +6.0% is slower than 71% of Financials companies.
- Its weakest area is growth (56/100): revenue +6.0%, EPS +27.0%, +8.2% a year over five years.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings and cash, against the growth you get | 86 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 56 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 64 |
| Momentumhow the price has behaved lately | 71 |
| Stabilityhow violently it moves, what it owes and what it pays you | 87 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 76 Financials companies.
The financials
Revenue growth
Is the business growing? Slowly
| Last 12 months | +6.0% |
|---|---|
| Over 5 years | +8.2% a year |
| FY2025 revenue | $12.6B (+11%) |
Free cash flow
Is it generating real cash? Not meaningful for a financial company
Profit margins
Is profitability improving? Yes, improving
| Gross margin | n/a |
|---|---|
| Operating margin | 18% |
| Net margin, FY24 → FY25 → now | 20.2% → 18.9% → 22.1% |
Debt vs. cash
Is the balance sheet healthy? Not judged for a financial company
| Cash | $1.4B |
|---|---|
| Long-term debt | $790M |
| Net cash | $641M |
Valuation
Is the stock price reasonable? Yes, it looks cheap
| P/E | 10.9× |
|---|---|
| Fair P/E for its growth | 27× |
| Forward P/E | 19.9× |
| EV / EBITDA | 12.5× |
At 10.9× earnings it trades well below the 27× that 10% a year of growth plus a 2.9% dividend would justify. It is judged on earnings alone: its book value is not what it earns on, as it would be for a bank or insurer.
The financials, five years deep
Pulled from Cincinnati Financial's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue growth | |||||
| Revenue | $12.6B | $11.3B | $10.0B | $6.6B | $9.6B |
| Change on the year | +11% | +13% | +53% | −32% | — |
| Free cash flow | |||||
| Free cash flow | $3.1B | $2.6B | $2.0B | $2.0B | $2.0B |
| Of revenue | 24% | 23% | 20% | 31% | 20% |
| Profit margins | |||||
| Net margin | 18.9% | 20.2% | 18.4% | −7.4% | 30.8% |
| Debt vs. cash | |||||
| Cash | $1.4B | $983M | $907M | $1.3B | $1.1B |
| Long-term debt | $790M | $790M | $790M | $789M | $789M |
| Net cash (debt) | $641M | $193M | $117M | $475M | $350M |
Filings
The text of this 10-K could not be read automatically. The original is linked below.