AFLAC INC (AFL) Stock Fundamental Analysis

NYSE:AFL • US0010551028

112.43 USD
-0.92 (-0.81%)
At close: Mar 3, 2026
112.43 USD
0 (0%)
After Hours: 3/3/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to AFL. AFL was compared to 149 industry peers in the Insurance industry. There are concerns on the financial health of AFL while its profitability can be described as average. AFL has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • AFL had positive earnings in the past year.
  • AFL had a positive operating cash flow in the past year.
  • Each year in the past 5 years AFL has been profitable.
  • Of the past 5 years AFL 4 years had a positive operating cash flow.
AFL Yearly Net Income VS EBIT VS OCF VS FCFAFL 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 2025 2B 4B 6B

1.2 Ratios

  • With a decent Return On Assets value of 3.41%, AFL is doing good in the industry, outperforming 67.11% of the companies in the same industry.
  • The Return On Equity of AFL (14.53%) is better than 67.11% of its industry peers.
  • AFL has a better Return On Invested Capital (3.63%) than 64.43% of its industry peers.
  • AFL had an Average Return On Invested Capital over the past 3 years of 3.89%. This is significantly below the industry average of 15.27%.
Industry RankSector Rank
ROA 3.41%
ROE 14.53%
ROIC 3.63%
ROA(3y)3.81%
ROA(5y)3.47%
ROE(3y)18.14%
ROE(5y)17.66%
ROIC(3y)3.89%
ROIC(5y)3.55%
AFL Yearly ROA, ROE, ROICAFL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • AFL has a Profit Margin of 23.55%. This is amongst the best in the industry. AFL outperforms 93.29% of its industry peers.
  • AFL's Profit Margin has been stable in the last couple of years.
  • With an excellent Operating Margin value of 29.97%, AFL belongs to the best of the industry, outperforming 91.95% of the companies in the same industry.
  • 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 3Y3.66%
OM growth 5Y6.86%
PM growth 3Y-0.42%
PM growth 5Y-0.31%
GM growth 3YN/A
GM growth 5YN/A
AFL Yearly Profit, Operating, Gross MarginsAFL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • AFL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • AFL has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AFL has less shares outstanding
  • Compared to 1 year ago, AFL has a worse debt to assets ratio.
AFL Yearly Shares OutstandingAFL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
AFL Yearly Total Debt VS Total AssetsAFL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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.
  • AFL has a Debt to FCF ratio (3.34) which is comparable to the rest of the industry.
  • AFL has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
  • AFL's Debt to Equity ratio of 0.30 is in line compared to the rest of the industry. AFL outperforms 53.69% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 3.34
Altman-Z N/A
ROIC/WACC0.46
WACC7.96%
AFL Yearly LT Debt VS Equity VS FCFAFL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
AFL Yearly Current Assets VS Current LiabilitesAFL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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

3

3. Growth

3.1 Past

  • AFL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 3.88%.
  • Measured over the past years, AFL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.67% on average per year.
  • Looking at the last year, AFL shows a decrease in Revenue. The Revenue has decreased by -9.31% in the last year.
  • AFL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.97% yearly.
EPS 1Y (TTM)3.88%
EPS 3Y11.37%
EPS 5Y8.67%
EPS Q2Q%0%
Revenue 1Y (TTM)-9.31%
Revenue growth 3Y-4.21%
Revenue growth 5Y-4.97%
Sales Q2Q%0%

3.2 Future

  • Based on estimates for the next years, AFL will show a small growth in Earnings Per Share. The EPS will grow by 4.48% on average per year.
  • AFL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.57% yearly.
EPS Next Y-1.64%
EPS Next 2Y2.41%
EPS Next 3Y4.19%
EPS Next 5Y4.48%
Revenue Next Year-2.13%
Revenue Next 2Y-0.3%
Revenue Next 3Y-0.47%
Revenue Next 5Y1.57%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AFL Yearly Revenue VS EstimatesAFL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B 20B
AFL Yearly EPS VS EstimatesAFL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.99, which indicates a correct valuation of AFL.
  • Based on the Price/Earnings ratio, AFL is valued a bit more expensive than 60.40% of the companies in the same industry.
  • AFL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.83, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 14.29, which indicates a correct valuation of AFL.
  • 61.07% of the companies in the same industry are cheaper than AFL, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of AFL to the average of the S&P500 Index (24.95), we can say AFL is valued slightly cheaper.
Industry RankSector Rank
PE 14.99
Fwd PE 14.29
AFL Price Earnings VS Forward Price EarningsAFL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as AFL.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AFL indicates a slightly more expensive valuation: AFL is more expensive than 67.11% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 22.66
EV/EBITDA 9.82
AFL Per share dataAFL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The decent profitability rating of AFL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.73
EPS Next 2Y2.41%
EPS Next 3Y4.19%

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

6

5. Dividend

5.1 Amount

  • AFL has a Yearly Dividend Yield of 2.14%.
  • AFL's Dividend Yield is comparable with the industry average which is at 2.49.
  • Compared to an average S&P500 Dividend Yield of 1.82, AFL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.14%

5.2 History

  • On average, the dividend of AFL grows each year by 13.11%, which is quite nice.
  • AFL has paid a dividend for at least 10 years, which is a reliable track record.
  • AFL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)13.11%
Div Incr Years34
Div Non Decr Years34
AFL Yearly Dividends per shareAFL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 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 2Y2.41%
EPS Next 3Y4.19%
AFL Yearly Income VS Free CF VS DividendAFL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
AFL Dividend Payout.AFL Dividend Payout, showing the Payout Ratio.AFL Dividend Payout.PayoutRetained Earnings

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AFLAC INC

NYSE:AFL (3/3/2026, 8:04:00 PM)

After market: 112.43 0 (0%)

112.43

-0.92 (-0.81%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-04
Earnings (Next)04-29
Inst Owners58.94%
Inst Owner Change-0.34%
Ins Owners0.78%
Ins Owner Change1.1%
Market Cap58.32B
Revenue(TTM)17.16B
Net Income(TTM)4.17B
Analysts55.24
Price Target114.5 (1.84%)
Short Float %1.59%
Short Ratio3.15
Dividend
Industry RankSector Rank
Dividend Yield 2.14%
Yearly Dividend1.93
Dividend Growth(5Y)13.11%
DP28.14%
Div Incr Years34
Div Non Decr Years34
Ex-Date02-18
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)0.97%
PT rev (3m)1.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.9%
EPS NY rev (1m)-0.47%
EPS NY rev (3m)-0.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.43%
Revenue NY rev (1m)-1.82%
Revenue NY rev (3m)-4.55%
Valuation
Industry RankSector Rank
PE 14.99
Fwd PE 14.29
P/S 3.29
P/FCF 22.66
P/OCF 22.66
P/B 2.03
P/tB 2.03
EV/EBITDA 9.82
EPS(TTM)7.5
EY6.67%
EPS(NY)7.87
Fwd EY7%
FCF(TTM)4.96
FCFY4.41%
OCF(TTM)4.96
OCFY4.41%
SpS34.13
BVpS55.31
TBVpS55.31
PEG (NY)N/A
PEG (5Y)1.73
Graham Number96.61
Profitability
Industry RankSector Rank
ROA 3.41%
ROE 14.53%
ROCE 4.39%
ROIC 3.63%
ROICexc 3.85%
ROICexgc 3.93%
OM 29.97%
PM (TTM) 23.55%
GM N/A
FCFM 14.54%
ROA(3y)3.81%
ROA(5y)3.47%
ROE(3y)18.14%
ROE(5y)17.66%
ROIC(3y)3.89%
ROIC(5y)3.55%
ROICexc(3y)4.08%
ROICexc(5y)3.7%
ROICexgc(3y)4.18%
ROICexgc(5y)3.8%
ROCE(3y)4.7%
ROCE(5y)4.29%
ROICexgc growth 3Y4.23%
ROICexgc growth 5Y9.02%
ROICexc growth 3Y4.52%
ROICexc growth 5Y9.01%
OM growth 3Y3.66%
OM growth 5Y6.86%
PM growth 3Y-0.42%
PM growth 5Y-0.31%
GM growth 3YN/A
GM growth 5YN/A
F-Score6
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-Score6
WACC7.96%
ROIC/WACC0.46
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3.88%
EPS 3Y11.37%
EPS 5Y8.67%
EPS Q2Q%0%
EPS Next Y-1.64%
EPS Next 2Y2.41%
EPS Next 3Y4.19%
EPS Next 5Y4.48%
Revenue 1Y (TTM)-9.31%
Revenue growth 3Y-4.21%
Revenue growth 5Y-4.97%
Sales Q2Q%0%
Revenue Next Year-2.13%
Revenue Next 2Y-0.3%
Revenue Next 3Y-0.47%
Revenue Next 5Y1.57%
EBIT growth 1Y11.33%
EBIT growth 3Y-0.71%
EBIT growth 5Y1.55%
EBIT Next Year3.07%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-19.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-19.77%
OCF growth 3YN/A
OCF growth 5YN/A

AFLAC INC / AFL FAQ

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

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


Can you provide the valuation status for AFLAC INC?

ChartMill assigns a valuation rating of 2 / 10 to AFLAC INC (AFL). This can be considered as Overvalued.


What is the profitability of AFL stock?

AFLAC INC (AFL) has a profitability rating of 6 / 10.


Can you provide the financial health for AFL stock?

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


Can you provide the expected EPS growth for AFL stock?

The Earnings per Share (EPS) of AFLAC INC (AFL) is expected to decline by -1.64% in the next year.