AXA SA (AXA.DE) Stock Fundamental Analysis
Europe - FRA:AXA - FR0000120628 - Common Stock
37.89 EUR
+0.11 (+0.29%)
Taking everything into account, AXA scores 5 out of 10 in our fundamental rating. AXA was compared to 39 industry peers in the Insurance industry. Both the profitability and the financial health of AXA get a neutral evaluation. Nothing too spectacular is happening here. AXA is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, AXA could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
AXA had positive earnings in the past year.
AXA had a positive operating cash flow in the past year.
Each year in the past 5 years AXA has been profitable.
In the past 5 years AXA always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AXA (1.18%) is comparable to the rest of the industry.
AXA has a better Return On Equity (16.72%) than 69.23% of its industry peers.
The Return On Invested Capital of AXA (1.28%) is better than 61.54% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AXA is in line with the industry average of 2.26%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 16.72% | ||
| ROIC | 1.28% |
ROA(3y)1.09%
ROA(5y)0.91%
ROE(3y)14.54%
ROE(5y)11.55%
ROIC(3y)1.29%
ROIC(5y)1.11%
1.3 Margins
AXA has a Profit Margin (8.52%) which is in line with its industry peers.
In the last couple of years the Profit Margin of AXA has grown nicely.
With a Operating Margin value of 11.47%, AXA perfoms like the industry average, outperforming 51.28% of the companies in the same industry.
AXA's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.47% | ||
| PM (TTM) | 8.52% | ||
| GM | N/A |
OM growth 3Y15.12%
OM growth 5Y20.23%
PM growth 3Y14.87%
PM growth 5Y26.69%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AXA is destroying value.
The number of shares outstanding for AXA has been reduced compared to 1 year ago.
The number of shares outstanding for AXA has been reduced compared to 5 years ago.
The debt/assets ratio for AXA is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.35, we must say that AXA is in the distress zone and has some risk of bankruptcy.
AXA's Altman-Z score of 0.35 is amongst the best of the industry. AXA outperforms 89.74% of its industry peers.
The Debt to FCF ratio of AXA is 1.41, which is an excellent value as it means it would take AXA, only 1.41 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.41, AXA belongs to the best of the industry, outperforming 82.05% of the companies in the same industry.
A Debt/Equity ratio of 0.65 indicates that AXA is somewhat dependend on debt financing.
AXA's Debt to Equity ratio of 0.65 is in line compared to the rest of the industry. AXA outperforms 53.85% of its industry peers.
Although AXA does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 1.41 | ||
| Altman-Z | 0.35 |
ROIC/WACC0.12
WACC10.87%
2.3 Liquidity
A Current Ratio of 0.82 indicates that AXA may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.82, AXA belongs to the top of the industry, outperforming 87.18% of the companies in the same industry.
A Quick Ratio of 0.82 indicates that AXA may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.82, AXA belongs to the top of the industry, outperforming 87.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
AXA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.70%, which is quite good.
The Earnings Per Share has been growing by 18.09% on average over the past years. This is quite good.
The Revenue has been growing slightly by 4.40% in the past year.
Measured over the past years, AXA shows a decrease in Revenue. The Revenue has been decreasing by -8.16% on average per year.
EPS 1Y (TTM)8.7%
EPS 3Y9.29%
EPS 5Y18.09%
EPS Q2Q%8.56%
Revenue 1Y (TTM)4.4%
Revenue growth 3Y-10.62%
Revenue growth 5Y-8.16%
Sales Q2Q%3.72%
3.2 Future
Based on estimates for the next years, AXA will show a small growth in Earnings Per Share. The EPS will grow by 6.71% on average per year.
The Revenue is expected to grow by 8.18% on average over the next years. This is quite good.
EPS Next Y14.56%
EPS Next 2Y9.07%
EPS Next 3Y8.29%
EPS Next 5Y6.71%
Revenue Next Year8.83%
Revenue Next 2Y6.98%
Revenue Next 3Y7.01%
Revenue Next 5Y8.18%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
AXA is valuated reasonably with a Price/Earnings ratio of 10.10.
Based on the Price/Earnings ratio, AXA is valued cheaper than 82.05% of the companies in the same industry.
AXA is valuated cheaply when we compare the Price/Earnings ratio to 26.03, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 8.87, the valuation of AXA can be described as reasonable.
Based on the Price/Forward Earnings ratio, AXA is valued a bit cheaper than 76.92% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of AXA to the average of the S&P500 Index (22.27), we can say AXA is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.1 | ||
| Fwd PE | 8.87 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, AXA is valued cheaper than 84.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.93 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.69
PEG (5Y)0.56
EPS Next 2Y9.07%
EPS Next 3Y8.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.47%, AXA is a good candidate for dividend investing.
AXA's Dividend Yield is a higher than the industry average which is at 4.51.
Compared to an average S&P500 Dividend Yield of 2.38, AXA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.47% |
5.2 History
The dividend of AXA is nicely growing with an annual growth rate of 8.12%!
Dividend Growth(5Y)8.12%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
AXA pays out 61.79% of its income as dividend. This is not a sustainable payout ratio.
The dividend of AXA is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP61.79%
EPS Next 2Y9.07%
EPS Next 3Y8.29%
FRA:AXA (11/4/2025, 7:00:00 PM)
37.89
+0.11 (+0.29%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners40.83%
Inst Owner ChangeN/A
Ins Owners0.09%
Ins Owner ChangeN/A
Market Cap82.15B
Revenue(TTM)89.27B
Net Income(TTM)7.61B
Analysts82.96
Price Target45.43 (19.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.47% |
Yearly Dividend2.02
Dividend Growth(5Y)8.12%
DP61.79%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
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)0.02%
PT rev (3m)0.58%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.68%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.1 | ||
| Fwd PE | 8.87 | ||
| P/S | 0.92 | ||
| P/FCF | 3.93 | ||
| P/OCF | 3.84 | ||
| P/B | 1.81 | ||
| P/tB | 3.41 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.75
EY9.9%
EPS(NY)4.27
Fwd EY11.27%
FCF(TTM)9.65
FCFY25.47%
OCF(TTM)9.87
OCFY26.05%
SpS41.17
BVpS20.98
TBVpS11.12
PEG (NY)0.69
PEG (5Y)0.56
Graham Number42.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 16.72% | ||
| ROCE | 1.62% | ||
| ROIC | 1.28% | ||
| ROICexc | 1.33% | ||
| ROICexgc | 1.74% | ||
| OM | 11.47% | ||
| PM (TTM) | 8.52% | ||
| GM | N/A | ||
| FCFM | 23.44% |
ROA(3y)1.09%
ROA(5y)0.91%
ROE(3y)14.54%
ROE(5y)11.55%
ROIC(3y)1.29%
ROIC(5y)1.11%
ROICexc(3y)1.34%
ROICexc(5y)1.16%
ROICexgc(3y)1.75%
ROICexgc(5y)1.48%
ROCE(3y)1.62%
ROCE(5y)1.41%
ROICexgc growth 3Y10.47%
ROICexgc growth 5Y16.55%
ROICexc growth 3Y8.69%
ROICexc growth 5Y14.36%
OM growth 3Y15.12%
OM growth 5Y20.23%
PM growth 3Y14.87%
PM growth 5Y26.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 1.41 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 0.53% | ||
| Interest Coverage | 1.98 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 275.1% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 0.35 |
F-Score7
WACC10.87%
ROIC/WACC0.12
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.46%
Cap/Sales(5y)0.4%
Profit Quality(3y)104.89%
Profit Quality(5y)238.88%
High Growth Momentum
Growth
EPS 1Y (TTM)8.7%
EPS 3Y9.29%
EPS 5Y18.09%
EPS Q2Q%8.56%
EPS Next Y14.56%
EPS Next 2Y9.07%
EPS Next 3Y8.29%
EPS Next 5Y6.71%
Revenue 1Y (TTM)4.4%
Revenue growth 3Y-10.62%
Revenue growth 5Y-8.16%
Sales Q2Q%3.72%
Revenue Next Year8.83%
Revenue Next 2Y6.98%
Revenue Next 3Y7.01%
Revenue Next 5Y8.18%
EBIT growth 1Y7.05%
EBIT growth 3Y2.9%
EBIT growth 5Y10.41%
EBIT Next Year25.92%
EBIT Next 3Y11.14%
EBIT Next 5YN/A
FCF growth 1Y150.74%
FCF growth 3Y7.74%
FCF growth 5Y9.94%
OCF growth 1Y145.39%
OCF growth 3Y7.85%
OCF growth 5Y9.48%
AXA SA / AXA.DE FAQ
What is the ChartMill fundamental rating of AXA SA (AXA.DE) stock?
ChartMill assigns a fundamental rating of 5 / 10 to AXA.DE.
Can you provide the valuation status for AXA SA?
ChartMill assigns a valuation rating of 6 / 10 to AXA SA (AXA.DE). This can be considered as Fairly Valued.
What is the profitability of AXA stock?
AXA SA (AXA.DE) has a profitability rating of 5 / 10.
What is the valuation of AXA SA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for AXA SA (AXA.DE) is 10.1 and the Price/Book (PB) ratio is 1.81.
How sustainable is the dividend of AXA SA (AXA.DE) stock?
The dividend rating of AXA SA (AXA.DE) is 6 / 10 and the dividend payout ratio is 61.79%.