AFLAC INC (AFL.DE) Stock Fundamental Analysis

FRA:AFL • US0010551028

90.74 EUR
-1.28 (-1.39%)
Last: Jan 23, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

4

Overall AFL gets a fundamental rating of 4 out of 10. We evaluated AFL against 46 industry peers in the Insurance industry. While AFL has a great profitability rating, there are quite some concerns on its financial health. AFL is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year AFL was profitable.
  • In the past year AFL had a positive cash flow from operations.
  • Each year in the past 5 years AFL has been profitable.
  • AFL had a positive operating cash flow in each of the past 5 years.
AFL.DE Yearly Net Income VS EBIT VS OCF VS FCFAFL.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

1.2 Ratios

  • AFL has a better Return On Assets (3.41%) than 77.08% of its industry peers.
  • AFL's Return On Equity of 14.53% is in line compared to the rest of the industry. AFL outperforms 52.08% of its industry peers.
  • AFL has a Return On Invested Capital of 3.81%. This is amongst the best in the industry. AFL outperforms 83.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AFL is in line with the industry average of 2.84%.
Industry RankSector Rank
ROA 3.41%
ROE 14.53%
ROIC 3.81%
ROA(3y)3.83%
ROA(5y)3.43%
ROE(3y)20.97%
ROE(5y)18.03%
ROIC(3y)3.95%
ROIC(5y)3.48%
AFL.DE Yearly ROA, ROE, ROICAFL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • AFL's Profit Margin of 23.55% is amongst the best of the industry. AFL outperforms 93.75% of its industry peers.
  • In the last couple of years the Profit Margin of AFL has grown nicely.
  • AFL has a better Operating Margin (29.97%) than 91.67% of its industry peers.
  • In the last couple of years the Operating Margin of AFL has grown nicely.
Industry RankSector Rank
OM 29.97%
PM (TTM) 23.55%
GM N/A
OM growth 3Y11.49%
OM growth 5Y10.66%
PM growth 3Y13.73%
PM growth 5Y14.22%
GM growth 3YN/A
GM growth 5YN/A
AFL.DE Yearly Profit, Operating, Gross MarginsAFL.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AFL is destroying value.
  • The number of shares outstanding for AFL has been reduced compared to 1 year ago.
  • Compared to 5 years ago, AFL has less shares outstanding
  • AFL has a worse debt/assets ratio than last year.
AFL.DE Yearly Shares OutstandingAFL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
AFL.DE Yearly Total Debt VS Total AssetsAFL.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B 150B

2.2 Solvency

  • The Debt to FCF ratio of AFL is 3.34, which is a good value as it means it would take AFL, 3.34 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.34, AFL is in line with its industry, outperforming 41.67% of the companies in the same industry.
  • A Debt/Equity ratio of 0.30 indicates that AFL is not too dependend on debt financing.
  • The Debt to Equity ratio of AFL (0.30) is better than 81.25% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 3.34
Altman-Z N/A
ROIC/WACC0.48
WACC8%
AFL.DE Yearly LT Debt VS Equity VS FCFAFL.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
AFL.DE Yearly Current Assets VS Current LiabilitesAFL.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • AFL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.70%, which is quite good.
  • Measured over the past years, AFL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.21% on average per year.
  • AFL shows a small growth in Revenue. In the last year, the Revenue has grown by 2.32%.
  • Measured over the past years, AFL shows a decrease in Revenue. The Revenue has been decreasing by -3.26% on average per year.
EPS 1Y (TTM)8.7%
EPS 3Y6.78%
EPS 5Y10.21%
EPS Q2Q%15.28%
Revenue 1Y (TTM)2.32%
Revenue growth 3Y-5.07%
Revenue growth 5Y-3.26%
Sales Q2Q%60.73%

3.2 Future

  • The Earnings Per Share is expected to grow by 4.12% on average over the next years.
  • AFL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.93% yearly.
EPS Next Y6.54%
EPS Next 2Y1.32%
EPS Next 3Y2.93%
EPS Next 5Y4.12%
Revenue Next Year0.2%
Revenue Next 2Y-0.06%
Revenue Next 3Y0.44%
Revenue Next 5Y1.93%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AFL.DE Yearly Revenue VS EstimatesAFL.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
AFL.DE Yearly EPS VS EstimatesAFL.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6 8

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3

4. Valuation

4.1 Price/Earnings Ratio

  • AFL is valuated correctly with a Price/Earnings ratio of 14.43.
  • 62.50% of the companies in the same industry are cheaper than AFL, based on the Price/Earnings ratio.
  • AFL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.64.
  • With a Price/Forward Earnings ratio of 14.59, AFL is valued correctly.
  • Based on the Price/Forward Earnings ratio, AFL is valued a bit more expensive than 66.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.75, AFL is valued a bit cheaper.
Industry RankSector Rank
PE 14.43
Fwd PE 14.59
AFL.DE Price Earnings VS Forward Price EarningsAFL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AFL is valued a bit cheaper than 68.75% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, AFL is valued a bit more expensive than 72.92% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.03
EV/EBITDA 9.48
AFL.DE Per share dataAFL.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The decent profitability rating of AFL may justify a higher PE ratio.
PEG (NY)2.2
PEG (5Y)1.41
EPS Next 2Y1.32%
EPS Next 3Y2.93%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.21%, AFL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 4.18, AFL is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.80, AFL pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.21%

5.2 History

  • The dividend of AFL is nicely growing with an annual growth rate of 13.11%!
Dividend Growth(5Y)13.11%
Div Incr Years3
Div Non Decr Years3
AFL.DE Yearly Dividends per shareAFL.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • AFL pays out 28.14% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of AFL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.14%
EPS Next 2Y1.32%
EPS Next 3Y2.93%
AFL.DE Yearly Income VS Free CF VS DividendAFL.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B
AFL.DE Dividend Payout.AFL.DE Dividend Payout, showing the Payout Ratio.AFL.DE Dividend Payout.PayoutRetained Earnings

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AFLAC INC

FRA:AFL (1/23/2026, 7:00:00 PM)

90.74

-1.28 (-1.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-04
Earnings (Next)02-04
Inst Owners58.94%
Inst Owner ChangeN/A
Ins Owners0.78%
Ins Owner ChangeN/A
Market Cap47.56B
Revenue(TTM)17.70B
Net Income(TTM)4.17B
Analysts55.24
Price Target97.89 (7.88%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.21%
Yearly Dividend1.62
Dividend Growth(5Y)13.11%
DP28.14%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.27%
Min EPS beat(2)3.7%
Max EPS beat(2)38.84%
EPS beat(4)2
Avg EPS beat(4)9.18%
Min EPS beat(4)-4.02%
Max EPS beat(4)38.84%
EPS beat(8)5
Avg EPS beat(8)8.24%
EPS beat(12)9
Avg EPS beat(12)10.33%
EPS beat(16)11
Avg EPS beat(16)8.31%
Revenue beat(2)1
Avg Revenue beat(2)1.13%
Min Revenue beat(2)-4.81%
Max Revenue beat(2)7.07%
Revenue beat(4)2
Avg Revenue beat(4)2.34%
Min Revenue beat(4)-21.36%
Max Revenue beat(4)28.46%
Revenue beat(8)4
Avg Revenue beat(8)0.43%
Revenue beat(12)7
Avg Revenue beat(12)1.66%
Revenue beat(16)11
Avg Revenue beat(16)2.22%
PT rev (1m)1.08%
PT rev (3m)1%
EPS NQ rev (1m)-0.8%
EPS NQ rev (3m)-0.24%
EPS NY rev (1m)1.24%
EPS NY rev (3m)10.47%
Revenue NQ rev (1m)-0.14%
Revenue NQ rev (3m)-1.61%
Revenue NY rev (1m)-0.38%
Revenue NY rev (3m)-3.04%
Valuation
Industry RankSector Rank
PE 14.43
Fwd PE 14.59
P/S 3.2
P/FCF 22.03
P/OCF 22.03
P/B 1.98
P/tB 1.98
EV/EBITDA 9.48
EPS(TTM)6.29
EY6.93%
EPS(NY)6.22
Fwd EY6.85%
FCF(TTM)4.12
FCFY4.54%
OCF(TTM)4.12
OCFY4.54%
SpS28.34
BVpS45.92
TBVpS45.92
PEG (NY)2.2
PEG (5Y)1.41
Graham Number80.62
Profitability
Industry RankSector Rank
ROA 3.41%
ROE 14.53%
ROCE 4.39%
ROIC 3.81%
ROICexc 4.03%
ROICexgc 4.12%
OM 29.97%
PM (TTM) 23.55%
GM N/A
FCFM 14.54%
ROA(3y)3.83%
ROA(5y)3.43%
ROE(3y)20.97%
ROE(5y)18.03%
ROIC(3y)3.95%
ROIC(5y)3.48%
ROICexc(3y)4.12%
ROICexc(5y)3.62%
ROICexgc(3y)4.23%
ROICexgc(5y)3.71%
ROCE(3y)4.56%
ROCE(5y)4.02%
ROICexgc growth 3Y16.53%
ROICexgc growth 5Y12.62%
ROICexc growth 3Y16.64%
ROICexc growth 5Y12.6%
OM growth 3Y11.49%
OM growth 5Y10.66%
PM growth 3Y13.73%
PM growth 5Y14.22%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 3.34
Debt/EBITDA 1.39
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 28.52
Cash Conversion 41.68%
Profit Quality 61.72%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC8%
ROIC/WACC0.48
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)70.18%
Profit Quality(5y)90.4%
High Growth Momentum
Growth
EPS 1Y (TTM)8.7%
EPS 3Y6.78%
EPS 5Y10.21%
EPS Q2Q%15.28%
EPS Next Y6.54%
EPS Next 2Y1.32%
EPS Next 3Y2.93%
EPS Next 5Y4.12%
Revenue 1Y (TTM)2.32%
Revenue growth 3Y-5.07%
Revenue growth 5Y-3.26%
Sales Q2Q%60.73%
Revenue Next Year0.2%
Revenue Next 2Y-0.06%
Revenue Next 3Y0.44%
Revenue Next 5Y1.93%
EBIT growth 1Y11.33%
EBIT growth 3Y5.83%
EBIT growth 5Y7.05%
EBIT Next Year-7.19%
EBIT Next 3Y-1.6%
EBIT Next 5YN/A
FCF growth 1Y-24.1%
FCF growth 3Y-18.77%
FCF growth 5Y-13.08%
OCF growth 1Y-24.1%
OCF growth 3Y-18.77%
OCF growth 5Y-13.08%

AFLAC INC / AFL.DE FAQ

What is the ChartMill fundamental rating of AFLAC INC (AFL.DE) stock?

ChartMill assigns a fundamental rating of 4 / 10 to AFL.DE.


Can you provide the valuation status for AFLAC INC?

ChartMill assigns a valuation rating of 3 / 10 to AFLAC INC (AFL.DE). This can be considered as Overvalued.


What is the profitability of AFL stock?

AFLAC INC (AFL.DE) has a profitability rating of 7 / 10.


Can you provide the financial health for AFL stock?

The financial health rating of AFLAC INC (AFL.DE) is 3 / 10.


Can you provide the expected EPS growth for AFL stock?

The Earnings per Share (EPS) of AFLAC INC (AFL.DE) is expected to grow by 6.54% in the next year.