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Saturday, November 25, 2017

AFLAC Inc Valuation – December 2016 $AFL



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Benjamin Graham taught that Intelligent Investors must do a thorough fundamental analysis of investment opportunities to determine their intrinsic value and inherent risk.  This is best done by utilizing a systematic approach to analysis that will provide investors with a sense of how a specific company compares to another company or by reviewing the 10 Stocks for Using A Benjamin Graham Value Investing Strategy – December 2016.  By using the ModernGraham method one can review a company’s historical accomplishments and determine an intrinsic value that can be compared across industries.  What follows is a stock analysis showing a specific look at how AFLAC Inc (AFL) fares in the ModernGraham valuation model.

Company Profile (obtained from Google Finance): Aflac Incorporated is a business holding company. The Company engaged in is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac offers insurance policies in Japan and the United States that provide a layer of financial protection against income and asset loss. Aflac Japan sells voluntary supplemental insurance products, including cancer plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans and annuities. Aflac U.S. sells supplemental insurance products, including products designed to protect individuals from depletion of assets, such as accident, cancer, critical illness/care, hospital intensive care, hospital indemnity, fixed-benefit dental, and vision care plans and loss-of-income products.

AFL Chart

AFL data by YCharts


To read the details of this valuation, you must be logged in as a premium member. If you are not a premium member, please consider becoming one.

Premium members can view a full ModernGraham valuation of the company and have access to download a PDF version of the valuation for easy reference. Recent valuations of the components of the Dow Jones Industrial Average are available for free members, including this one of Microsoft Corporation.  In addition, here is a post detailing what can be found within each individual company’s valuation.


Useful Links:

ModernGraham tagged articles Morningstar
Google Finance MSN Money
Yahoo Finance Seeking Alpha
GuruFocus SEC Filings

Most Recent Balance Sheet Figures

Balance Sheet Information 9/1/2016
Long-Term Debt & Capital Lease Obligation $5,765,000,000
Total Assets $144,101,000,000
Intangible Assets $0
Total Liabilities $121,316,000,000
Shares Outstanding (Diluted Average) 411,140,000

Earnings Per Share History

Next Fiscal Year Estimate $6.16
Dec2015 $5.85
Dec2014 $6.50
Dec2013 $6.76
Dec2012 $6.11
Dec2011 $4.12
Dec2010 $4.92
Dec2009 $3.19
Dec2008 $2.62
Dec2007 $3.31
Dec2006 $2.95
Dec2005 $2.92
Dec2004 $2.45
Dec2003 $1.47
Dec2002 $1.55
Dec2001 $1.28
Dec2000 $1.26
Dec1999 $1.04
Dec1998 $0.88
Dec1997 $1.04
Dec1996 $0.68

Earnings Per Share – ModernGraham History

Next Fiscal Year Estimate $6.22
Dec2015 $6.12
Dec2014 $6.07
Dec2013 $5.58
Dec2012 $4.72
Dec2011 $3.89
Dec2010 $3.65
Dec2009 $3.01
Dec2008 $2.90
Dec2007 $2.90
Dec2006 $2.55
Dec2005 $2.21
Dec2004 $1.77
Dec2003 $1.40
Dec2002 $1.31
Dec2001 $1.16
Dec2000 $1.06

Recommended Reading:

Other ModernGraham posts about the company

Dividend Growth Stocks for Intelligent Investors – July 2016
10 Low PE Stocks for the Defensive Investor – July 2016
Dividend Growth Stocks for Intelligent Investors – June 2016
10 Low PE Stocks for the Defensive Investor – June 2016
10 Low PE Stocks for the Defensive Investor – May 2016

Other ModernGraham posts about related companies

Travelers Companies Inc Valuation – November 2016 $TRV
Allstate Corp Valuation – November 2016 $ALL
Unum Group Valuation – August 2016 $UNM
Principal Financial Group Inc Valuation – August 2016 $PFG
Assurant Inc Valuation – August 2016 $AIZ
American International Group Inc Valuation – August 2016 $AIG
Humana Inc Valuation – August 2016 $HUM
Chubb Limited Valuation – August 2016 $CB
Torchmark Corporation Valuation – August 2016 $TMK
Anthem Inc Valuation – August 2016 $ANTM

Disclaimer:

The author did not hold a position in any company mentioned in this article at the time of publication and had no intention of changing that position within the next 72 hours.  See my current holdings here.  This article is not investment advice; any reader should speak to a registered investment adviser prior to making any investment decisions.  ModernGraham is not affiliated with the company in any manner.  Please be sure to review our detailed disclaimer.

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One Response “AFLAC Inc Valuation – December 2016 $AFL”

  1. G.Logan
    January 4, 2017 at 10:18 am

    Thank you your good analysis.

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