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Market Price

214.84 

-10.34 -4.6%

as of Aug 23 '19

52 Week Range:

120.15 270.23


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Erie Indemnity Company operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States. The company provides sales, underwriting, and policy issuance services for the policyholders on behalf of the Erie Insurance Exchange. Its sales related services include agent compensation, and sales and advertising support services; and underwriting services comprise underwriting and policy processing, as well as provides administrative support, information technology, and customer services. Erie Indemnity Company was founded in 1925 and is based in Erie, Pennsylvania.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Equity (BVPS) 13.77
15.74
16.24
15.66
12.11
12.50
14.74
14.34
16.04
16.74
17.61
growth rate 14.3% 3.2% -3.6% -22.7% 3.2% 17.9% -2.7% 11.9% 4.4% 5.2%
Earnings BIT 122.71
152.08
999.00
358.00
899.00
1,570.00
830.00
232.54
291.11
286.77
346.06
growth rate 23.9% 556.9% -64.2% 151.1% 74.6% -47.1% -72.0% 25.2% -1.5% 20.7%
Avg.PE 31.55
20.62
22.99
25.45
23.15
23.70
25.72
28.91
32.30
30.22
33.53
growth rate -34.6% 11.5% 10.7% -9.0% 2.4% 8.5% 12.4% 11.7% -6.4% 11.0%
ROA 2.52
4.11
1.90
1.18
1.07
1.02
0.98
1.82
14.23
12.26
16.74
growth rate 63.1% -53.8% -37.9% -9.3% -4.7% -3.9% 85.7% 681.9% -13.8% 36.5%
ROE 7.51
12.81
17.86
19.96
22.49
23.69
23.38
23.73
26.52
23.53
31.48
growth rate 70.6% 39.4% 11.8% 12.7% 5.3% -1.3% 1.5% 11.8% -11.3% 33.8%
ROIC 6.90
12.81
17.86
19.96
22.49
23.69
23.38
growth rate 85.7% 39.4% 11.8% 12.7% 5.3% -1.3%
Leverage 3.30
2.96
15.73
18.37
24.05
22.72
25.26
1.83
1.90
1.94
1.83
growth rate -10.3% 431.4% 16.8% 30.9% -5.5% 11.2% -92.8% 3.8% 2.1% -5.7%
Balance Sheet Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Acct.Receivable 1,142.00
1,230.00
1,339.00
1,588.00
365.49
390.14
480.08
463.30
growth rate 7.7% 8.9% 18.6% -77.0% 6.7% 23.1% -3.5%
Acct.Payable 197.24
88.14
85.87
104.30
109.56
growth rate -55.3% -2.6% 21.5% 5.1%
Cur.Assets 5,325.00
635.15
665.52
801.88
1,168.95
growth rate -88.1% 4.8% 20.5% 45.8%
Total Assets 2,613.40
13,287.00
14,344.00
14,348.00
15,441.00
16,676.00
17,758.00
1,407.30
1,548.96
1,665.86
1,778.33
growth rate 408.4% 8.0% 0.0% 7.6% 8.0% 6.5% -92.1% 10.1% 7.6% 6.8%
Cash 61.10
234.00
430.00
185.00
400.00
452.00
514.00
182.89
189.07
215.72
266.42
growth rate 283.0% 83.8% -57.0% 116.2% 13.0% 13.7% -64.4% 3.4% 14.1% 23.5%
Cur.Liabilities 445.70
469.60
509.91
547.07
growth rate 5.4% 8.6% 7.3%
Liabilities 1,821.50
12,385.00
13,432.00
13,567.00
14,799.00
15,942.00
9,775.00
637.79
732.05
808.52
804.66
growth rate 579.9% 8.5% 1.0% 9.1% 7.7% -38.7% -93.5% 14.8% 10.5% -0.5%
LT Debt 0.00
0.00
0.00
0.00
0.00
24.77
24.77
24.77
74.73
97.86
growth rate 0.0% 0.0% 201.7% 31.0%
Equity 791.90
902.00
912.00
781.00
642.00
734.00
703.00
769.50
816.91
857.34
973.67
growth rate 13.9% 1.1% -14.4% -17.8% 14.3% -4.2% 9.5% 6.2% 5.0% 13.6%
Common Shares 58.00
57.00
63.00
61.00
60.00
59.00
59.00
59.00
59.00
58.00
58.00
growth rate -1.7% 10.5% -3.2% -1.6% -1.7% 0.0% 0.0% 0.0% -1.7% 0.0%
Cash Flow Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Capital Expenditures 8.30
14.00
33.00
11.00
33.00
10.75
52.00
12.56
25.21
28.93
56.30
growth rate 68.7% 135.7% -66.7% 200.0% -67.4% 383.7% -75.9% 100.8% 14.8% 94.6%
Cash Dividends 92.30
93.00
98.00
102.00
229.00
83.62
119.00
126.86
135.99
145.77
156.47
growth rate 0.8% 5.4% 4.1% 124.5% -63.5% 42.3% 6.6% 7.2% 7.2% 7.4%
Cash From OA 150.80
889.00
721.00
360.00
577.00
218.01
779.00
217.38
254.34
197.13
263.59
growth rate 489.5% -18.9% -50.1% 60.3% -62.2% 257.3% -72.1% 17.0% -22.5% 33.7%
FCF per Share 2.46
2.86
12.09
8.45
9.12
14.74
12.21
14.03
3.87
3.19
3.27
growth rate 16.3% 322.7% -30.1% 7.9% 61.6% -17.2% 14.9% -72.4% -17.6% 2.5%
Sale Purchase of Stock -155.00
-70.00
-31.72
-19.69
growth rate 0.0% 0.0% 0.0%
FCF 143.00
164.00
688.00
349.00
544.00
861.00
727.00
205.00
229.00
168.00
207.00
growth rate 14.7% 319.5% -49.3% 55.9% 58.3% -15.6% -71.8% 11.7% -26.6% 23.2%
Income Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Sales 1,074.10
4,255.00
4,890.00
4,824.00
5,512.00
1,334.61
6,124.00
1,505.51
1,596.63
1,691.77
2,382.21
growth rate 296.2% 14.9% -1.4% 14.3% -75.8% 358.9% -75.4% 6.1% 6.0% 40.8%
Op.Income -839.00
524.00
999.00
268.00
619.00
162.61
830.00
232.54
291.11
286.77
346.06
growth rate 100.0% 90.7% -73.2% 131.0% -73.7% 410.4% -72.0% 25.2% -1.5% 20.7%
IBT 122.70
524.00
999.00
358.00
899.00
246.61
830.00
266.25
320.09
315.70
371.32
growth rate 327.1% 90.7% -64.2% 151.1% -72.6% 236.6% -67.9% 20.2% -1.4% 17.6%
Net Income 69.20
108.00
162.00
268.00
619.00
162.61
168.00
174.68
210.37
197.00
288.22
growth rate 56.1% 50.0% 65.4% 131.0% -73.7% 3.3% 4.0% 20.4% -6.4% 46.3%
EPS 1.19
1.89
2.85
3.08
2.99
3.08
3.18
3.33
4.01
3.76
5.51
growth rate 58.8% 50.8% 8.1% -2.9% 3.0% 3.3% 4.7% 20.4% -6.2% 46.5%
Gross Profit -839.00
524.00
1,021.00
358.00
899.00
624.55
830.00
430.92
293.52
290.25
344.34
growth rate 100.0% 94.9% -64.9% 151.1% -30.5% 32.9% -48.1% -31.9% -1.1% 18.6%

Quarterly Statements

Item Name Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Earnings BIT 95.32
97.12
75.19
86.54
97.03
growth rate 1.9% -22.6% 15.1% 12.1%
Balance Sheet Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Acct.Receivable 476.86
495.12
463.30
460.36
495.48
growth rate 3.8% -6.4% -0.6% 7.6%
Acct.Payable 97.14
113.20
109.56
110.71
113.06
growth rate 16.5% -3.2% 1.1% 2.1%
Cur.Assets 828.07
888.86
1,168.95
962.39
937.25
growth rate 7.3% 31.5% -17.7% -2.6%
Total Assets 1,652.28
1,759.50
1,778.33
1,799.46
1,889.65
growth rate 6.5% 1.1% 1.2% 5.0%
Cash 198.41
244.69
266.42
312.05
338.26
growth rate 23.3% 8.9% 17.1% 8.4%
Inventory
growth rate
Cur.Liabilities 497.86
544.51
547.07
502.52
535.36
growth rate 9.4% 0.5% -8.1% 6.5%
Liabilities 772.09
838.48
804.66
785.65
826.19
growth rate 8.6% -4.0% -2.4% 5.2%
LT Debt 98.80
98.33
97.86
97.38
96.86
growth rate -0.5% -0.5% -0.5% -0.5%
Equity 880.19
921.02
973.67
1,013.80
1,063.45
growth rate 4.6% 5.7% 4.1% 4.9%
Common Shares 2.17
2.17
2.17
2.17
2.17
growth rate 0.0% 0.0% 0.0% 0.0%
Cash Flow Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Capital Expenditures 9.43
30.55
7.63
17.41
16.85
growth rate 223.9% -75.0% 128.2% -3.2%
Cash Dividends 39.12
39.12
39.12
41.91
41.91
growth rate 0.0% 0.0% 7.1% 0.0%
Cash From OA 81.82
132.72
89.27
24.24
90.18
growth rate 62.2% -32.7% -72.9% 272.0%
Sale Purchase of Stock
growth rate
FCF 72.39
102.18
81.64
6.83
73.33
growth rate 41.1% -20.1% -91.6% 973.8%
Income Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Sales 621.46
612.13
576.47
594.11
647.71
growth rate -1.5% -5.8% 3.1% 9.0%
Op.Income 95.32
97.12
75.19
86.54
97.03
growth rate 1.9% -22.6% 15.1% 12.1%
IBT 100.99
104.47
82.64
95.52
106.04
growth rate 3.5% -20.9% 15.6% 11.0%
Net Income 79.71
80.45
62.31
75.31
87.75
growth rate 0.9% -22.5% 20.9% 16.5%
EPS
growth rate
Gross Profit 95.32
96.70
74.76
86.12
96.61
growth rate 1.4% -22.7% 15.2% 12.2%
R&D
growth rate

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

D (42.26)

YOY Growth Grade:

D (42.34)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 34.54 37.74 32.66
EPS / Growth 8.1% 5.69 10.0%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 5.9%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 5.9% 8.0% 8.0%
Future PE 11.86 27.75 27.75
Future EPS 10.13 12.31 12.31
Value Price
MOS %
29.69
-86.2%
84.45
-60.7%
84.45
-60.7%
MOS Price 14.85 42.23 42.23
IRT 19.70 17.30 17.30

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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