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ATHENE HOLDING LTD - ATH 7 1/4 03/30/64 (ATHS) Stock Fundamental Analysis

NYSE:ATHS - New York Stock Exchange, Inc. - US04686J8383 - Currency: USD

25.02  -0.17 (-0.67%)

Fundamental Rating

3

Overall ATHS gets a fundamental rating of 3 out of 10. We evaluated ATHS against 144 industry peers in the Insurance industry. While ATHS is still in line with the averages on profitability rating, there are concerns on its financial health. ATHS is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year ATHS was profitable.
In the past year ATHS had a positive cash flow from operations.
Of the past 5 years ATHS 4 years were profitable.
In the past 5 years ATHS always reported a positive cash flow from operatings.
ATHS Yearly Net Income VS EBIT VS OCF VS FCFATHS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 5B 10B

1.2 Ratios

ATHS has a Return On Assets of 0.67%. This is in the lower half of the industry: ATHS underperforms 63.89% of its industry peers.
ATHS has a Return On Equity of 14.57%. This is in the better half of the industry: ATHS outperforms 71.53% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.31%, ATHS is in line with its industry, outperforming 42.36% of the companies in the same industry.
Industry RankSector Rank
ROA 0.67%
ROE 14.57%
ROIC 1.31%
ROA(3y)0.38%
ROA(5y)0.69%
ROE(3y)3.28%
ROE(5y)7.21%
ROIC(3y)N/A
ROIC(5y)N/A
ATHS Yearly ROA, ROE, ROICATHS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 20 -20 -40

1.3 Margins

ATHS has a better Profit Margin (13.20%) than 77.08% of its industry peers.
ATHS's Profit Margin has improved in the last couple of years.
The Operating Margin of ATHS (29.20%) is better than 93.75% of its industry peers.
ATHS's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 29.2%
PM (TTM) 13.2%
GM N/A
OM growth 3Y25.06%
OM growth 5YN/A
PM growth 3Y3.31%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ATHS Yearly Profit, Operating, Gross MarginsATHS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 20 -20 -40

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2

2. Health

2.1 Basic Checks

ATHS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, ATHS has about the same amount of shares outstanding.
ATHS has a worse debt/assets ratio than last year.
ATHS Yearly Shares OutstandingATHS Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M
ATHS Yearly Total Debt VS Total AssetsATHS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 100B 200B 300B

2.2 Solvency

The Debt to FCF ratio of ATHS is 2.98, which is a good value as it means it would take ATHS, 2.98 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of ATHS (2.98) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.34 indicates that ATHS is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.34, ATHS perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 2.98
Altman-Z N/A
ROIC/WACC0.12
WACC11.3%
ATHS Yearly LT Debt VS Equity VS FCFATHS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
ATHS Yearly Current Assets VS Current LiabilitesATHS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

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0

3. Growth

3.1 Past

ATHS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.00%.
ATHS shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.90% yearly.
Looking at the last year, ATHS shows a very negative growth in Revenue. The Revenue has decreased by -35.63% in the last year.
The Revenue has been decreasing by -7.17% on average over the past years.
EPS 1Y (TTM)-48%
EPS 3Y-4.9%
EPS 5YN/A
EPS Q2Q%-63.38%
Revenue 1Y (TTM)-35.63%
Revenue growth 3Y-7.17%
Revenue growth 5YN/A
Sales Q2Q%-27.17%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
ATHS Yearly Revenue VS EstimatesATHS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

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5

4. Valuation

4.1 Price/Earnings Ratio

ATHS is valuated cheaply with a Price/Earnings ratio of 2.00.
Compared to the rest of the industry, the Price/Earnings ratio of ATHS indicates a rather cheap valuation: ATHS is cheaper than 88.19% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. ATHS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 2
Fwd PE N/A
ATHS Price Earnings VS Forward Price EarningsATHS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ATHS is valued cheaper than 98.61% of the companies in the same industry.
ATHS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ATHS is cheaper than 86.81% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.41
EV/EBITDA 0.03
ATHS Per share dataATHS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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5

5. Dividend

5.1 Amount

ATHS has a Yearly Dividend Yield of 5.43%, which is a nice return.
Compared to an average industry Dividend Yield of 3.51, ATHS pays a better dividend. On top of this ATHS pays more dividend than 84.03% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.43, ATHS pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.43%

5.2 History

ATHS is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
ATHS Yearly Dividends per shareATHS Yearly Dividends per shareYearly Dividends per share 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

ATHS pays out 26.60% of its income as dividend. This is a sustainable payout ratio.
DP26.6%
EPS Next 2YN/A
EPS Next 3YN/A
ATHS Yearly Income VS Free CF VS DividendATHS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2020 2021 2022 2023 2024 0 2B -2B 4B 6B 8B 10B
ATHS Dividend Payout.ATHS Dividend Payout, showing the Payout Ratio.ATHS Dividend Payout.PayoutRetained Earnings

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ATHENE HOLDING LTD - ATH 7 1/4 03/30/64

NYSE:ATHS (6/27/2025, 8:04:01 PM)

25.02

-0.17 (-0.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners6.81%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.10B
Analysts70
Price TargetN/A
Short Float %0.02%
Short Ratio0.7
Dividend
Industry RankSector Rank
Dividend Yield 5.43%
Yearly Dividend3.33
Dividend Growth(5Y)N/A
DP26.6%
Div Incr Years1
Div Non Decr Years1
Ex-Date06-13 2025-06-13 (0.4531)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 2
Fwd PE N/A
P/S 0.26
P/FCF 2.41
P/OCF 2.41
P/B 0.29
P/tB 0.38
EV/EBITDA 0.03
EPS(TTM)12.53
EY50.08%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)10.39
FCFY41.52%
OCF(TTM)10.39
OCFY41.52%
SpS94.88
BVpS85.96
TBVpS66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.67%
ROE 14.57%
ROCE 1.51%
ROIC 1.31%
ROICexc 1.35%
ROICexgc 1.49%
OM 29.2%
PM (TTM) 13.2%
GM N/A
FCFM 10.95%
ROA(3y)0.38%
ROA(5y)0.69%
ROE(3y)3.28%
ROE(5y)7.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y2.06%
ROICexcg growth 5YN/A
ROICexc growth 3Y0.36%
ROICexc growth 5YN/A
OM growth 3Y25.06%
OM growth 5YN/A
PM growth 3Y3.31%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 2.98
Debt/EBITDA 0.91
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion 31.85%
Profit Quality 82.92%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score3
WACC11.3%
ROIC/WACC0.12
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)-48%
EPS 3Y-4.9%
EPS 5YN/A
EPS Q2Q%-63.38%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-35.63%
Revenue growth 3Y-7.17%
Revenue growth 5YN/A
Sales Q2Q%-27.17%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y3.22%
EBIT growth 3Y16.1%
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.35%
FCF growth 3Y-43.3%
FCF growth 5YN/A
OCF growth 1Y-62.35%
OCF growth 3Y-43.3%
OCF growth 5YN/A