AXA SA (AXA.DE) Stock Fundamental Analysis
Europe - FRA:AXA - FR0000120628 - Common Stock
39.11 EUR
-0.28 (-0.71%)
AXA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year AXA was profitable.
In the past year AXA had a positive cash flow from operations.
AXA had positive earnings in each of the past 5 years.
Each year in the past 5 years AXA had a positive operating cash flow.
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.
With a Return On Invested Capital value of 1.28%, AXA perfoms like the industry average, outperforming 58.97% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AXA is in line with the industry average of 2.36%.
| 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's Profit Margin of 8.52% is in line compared to the rest of the industry. AXA outperforms 48.72% of its industry peers.
In the last couple of years the Profit Margin of AXA has grown nicely.
AXA has a Operating Margin of 11.47%. This is comparable to the rest of the industry: AXA outperforms 51.28% of its industry peers.
In the last couple of years the Operating Margin of AXA has grown nicely.
| 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.
AXA has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, AXA has a worse debt to assets ratio.
2.2 Solvency
AXA has an Altman-Z score of 0.35. This is a bad value and indicates that AXA is not financially healthy and even has some risk of bankruptcy.
AXA has a better Altman-Z score (0.35) than 89.74% of its industry peers.
AXA has a debt to FCF ratio of 1.41. This is a very positive value and a sign of high solvency as it would only need 1.41 years to pay back of all of its debts.
AXA's Debt to FCF ratio of 1.41 is amongst the best of the industry. AXA outperforms 82.05% of its industry peers.
AXA has a Debt/Equity ratio of 0.65. This is a neutral value indicating 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 56.41% of its industry peers.
Even though the debt/equity ratio score it not favorable for AXA, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 1.41 | ||
| Altman-Z | 0.35 |
ROIC/WACC0.12
WACC10.81%
2.3 Liquidity
A Current Ratio of 0.82 indicates that AXA may have some problems paying its short term obligations.
AXA has a better Current ratio (0.82) than 89.74% of its industry peers.
A Quick Ratio of 0.82 indicates that AXA may have some problems paying its short term obligations.
The Quick ratio of AXA (0.82) is better than 89.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.70% over the past year.
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.
The Revenue has been decreasing by -8.16% on average over the past years.
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
The Earnings Per Share is expected to grow by 6.71% on average over the next years.
AXA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.18% yearly.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 10.43.
79.49% of the companies in the same industry are more expensive than AXA, based on the Price/Earnings ratio.
AXA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.69.
With a Price/Forward Earnings ratio of 9.16, the valuation of AXA can be described as very reasonable.
Based on the Price/Forward Earnings ratio, AXA is valued a bit cheaper than 76.92% of the companies in the same industry.
AXA's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.18.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.43 | ||
| Fwd PE | 9.16 |
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 | 4.05 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
AXA's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.72
PEG (5Y)0.58
EPS Next 2Y9.07%
EPS Next 3Y8.29%
5. Dividend
5.1 Amount
AXA has a Yearly Dividend Yield of 5.35%, which is a nice return.
Compared to an average industry Dividend Yield of 4.55, AXA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, AXA pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
5.2 History
On average, the dividend of AXA grows each year by 8.12%, which is quite nice.
Dividend Growth(5Y)8.12%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
61.79% of the earnings are spent on dividend by AXA. 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 (10/20/2025, 7:00:00 PM)
39.11
-0.28 (-0.71%)
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 Cap84.80B
Analysts82.96
Price Target45.79 (17.08%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
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)0.81%
PT rev (3m)4.43%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.02%
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 | 10.43 | ||
| Fwd PE | 9.16 | ||
| P/S | 0.95 | ||
| P/FCF | 4.05 | ||
| P/OCF | 3.96 | ||
| P/B | 1.86 | ||
| P/tB | 3.52 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.75
EY9.59%
EPS(NY)4.27
Fwd EY10.92%
FCF(TTM)9.65
FCFY24.68%
OCF(TTM)9.87
OCFY25.23%
SpS41.17
BVpS20.98
TBVpS11.12
PEG (NY)0.72
PEG (5Y)0.58
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%
ROICexcg growth 3Y10.47%
ROICexcg 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
WACC10.81%
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%