EBIX INC (EBIX) Fundamental Analysis & Valuation

NASDAQ:EBIX • US2787152063

1.16 USD
-0.55 (-32.16%)
At close: Dec 27, 2023
1.1603 USD
+0 (+0.03%)
After Hours: 12/27/2023, 8:25:48 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This EBIX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to EBIX. EBIX was compared to 277 industry peers in the Software industry. While EBIX is still in line with the averages on profitability rating, there are concerns on its financial health. EBIX is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. EBIX Profitability Analysis

1.1 Basic Checks

  • In the past year EBIX was profitable.
  • EBIX had a positive operating cash flow in the past year.
EBIX Yearly Net Income VS EBIT VS OCF VS FCFEBIX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M

1.2 Ratios

  • EBIX has a better Return On Assets (0.32%) than 71.94% of its industry peers.
  • EBIX's Return On Equity of 0.82% is fine compared to the rest of the industry. EBIX outperforms 73.74% of its industry peers.
  • EBIX has a Return On Invested Capital of 13.72%. This is amongst the best in the industry. EBIX outperforms 94.24% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for EBIX is in line with the industry average of 10.88%.
  • The last Return On Invested Capital (13.72%) for EBIX is above the 3 year average (10.38%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.32%
ROE 0.82%
ROIC 13.72%
ROA(3y)4.81%
ROA(5y)5.26%
ROE(3y)11.98%
ROE(5y)14.6%
ROIC(3y)10.38%
ROIC(5y)10.3%
EBIX Yearly ROA, ROE, ROICEBIX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 5 10 15 20

1.3 Margins

  • EBIX has a Profit Margin of 0.68%. This is in the better half of the industry: EBIX outperforms 72.30% of its industry peers.
  • EBIX's Profit Margin has declined in the last couple of years.
  • The Operating Margin of EBIX (14.94%) is better than 86.69% of its industry peers.
  • In the last couple of years the Operating Margin of EBIX has declined.
  • With a Gross Margin value of 47.00%, EBIX is not doing good in the industry: 69.06% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of EBIX has declined.
Industry RankSector Rank
OM 14.94%
PM (TTM) 0.68%
GM 47%
OM growth 3Y-24.69%
OM growth 5Y-18.1%
PM growth 3Y-28.25%
PM growth 5Y-25.95%
GM growth 3Y-21.49%
GM growth 5Y-13.45%
EBIX Yearly Profit, Operating, Gross MarginsEBIX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 20 40 60

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2

2. EBIX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so EBIX is creating value.
  • Compared to 1 year ago, EBIX has more shares outstanding
  • The debt/assets ratio for EBIX is higher compared to a year ago.
EBIX Yearly Shares OutstandingEBIX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M
EBIX Yearly Total Debt VS Total AssetsEBIX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.06, we must say that EBIX is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of EBIX (1.06) is worse than 61.87% of its industry peers.
  • EBIX has a debt to FCF ratio of 30.67. This is a negative value and a sign of low solvency as EBIX would need 30.67 years to pay back of all of its debts.
  • The Debt to FCF ratio of EBIX (30.67) is comparable to the rest of the industry.
  • EBIX has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • EBIX has a Debt to Equity ratio of 0.03. This is in the better half of the industry: EBIX outperforms 61.15% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 30.67
Altman-Z 1.06
ROIC/WACC2.69
WACC5.1%
EBIX Yearly LT Debt VS Equity VS FCFEBIX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 0.41 indicates that EBIX may have some problems paying its short term obligations.
  • With a Current ratio value of 0.41, EBIX is not doing good in the industry: 95.32% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.41 indicates that EBIX may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.41, EBIX is doing worse than 95.32% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.41
Quick Ratio 0.41
EBIX Yearly Current Assets VS Current LiabilitesEBIX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M

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

2

3. EBIX Growth Analysis

3.1 Past

  • The earnings per share for EBIX have decreased strongly by -92.74% in the last year.
  • Measured over the past years, EBIX shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.91% on average per year.
  • EBIX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.72%.
  • Measured over the past years, EBIX shows a very strong growth in Revenue. The Revenue has been growing by 23.60% on average per year.
EPS 1Y (TTM)-92.74%
EPS 3Y-14.5%
EPS 5Y-7.91%
EPS Q2Q%-155.93%
Revenue 1Y (TTM)-30.72%
Revenue growth 3Y21.84%
Revenue growth 5Y23.6%
Sales Q2Q%-53.78%

3.2 Future

  • EBIX is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.98% yearly.
  • The Revenue is expected to decrease by -31.80% on average over the next years. This is quite bad
EPS Next Y-87.37%
EPS Next 2Y-17.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-42.79%
Revenue Next 2Y-31.8%
Revenue Next 3YN/A
Revenue Next 5YN/A

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 decreasing.
EBIX Yearly Revenue VS EstimatesEBIX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
EBIX Yearly EPS VS EstimatesEBIX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

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Find the best growth stocksShow best growing peers

7

4. EBIX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 6.82, the valuation of EBIX can be described as very cheap.
  • 96.76% of the companies in the same industry are more expensive than EBIX, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.46, EBIX is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 0.82, the valuation of EBIX can be described as very cheap.
  • EBIX's Price/Forward Earnings ratio is rather cheap when compared to the industry. EBIX is cheaper than 100.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 24.65. EBIX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.82
Fwd PE 0.82
EBIX Price Earnings VS Forward Price EarningsEBIX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, EBIX is valued cheaper than 97.84% of the companies in the same industry.
  • EBIX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. EBIX is cheaper than 99.64% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1.74
EV/EBITDA 4.14
EBIX Per share dataEBIX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • A cheap valuation may be justified as EBIX's earnings are expected to decrease with -17.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-17.98%
EPS Next 3YN/A

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

0

5. EBIX Dividend Analysis

5.1 Amount

  • EBIX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

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EBIX Fundamentals: All Metrics, Ratios and Statistics

EBIX INC

NASDAQ:EBIX (12/27/2023, 8:25:48 PM)

After market: 1.1603 +0 (+0.03%)

1.16

-0.55 (-32.16%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-14
Earnings (Next)03-13
Inst Owners0.52%
Inst Owner Change0%
Ins Owners25.36%
Ins Owner Change0%
Market Cap35.84M
Revenue(TTM)735.60M
Net Income(TTM)5.00M
Analysts85.71
Price Target15.05 (1197.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.3
Dividend Growth(5Y)0.25%
DP46%
Div Incr Years0
Div Non Decr Years9
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-313.68%
Min EPS beat(2)-531.37%
Max EPS beat(2)-96%
EPS beat(4)0
Avg EPS beat(4)-178.32%
Min EPS beat(4)-531.37%
Max EPS beat(4)-32.69%
EPS beat(8)2
Avg EPS beat(8)-91.14%
EPS beat(12)3
Avg EPS beat(12)-65.24%
EPS beat(16)4
Avg EPS beat(16)-45.59%
Revenue beat(2)0
Avg Revenue beat(2)-15.05%
Min Revenue beat(2)-24.13%
Max Revenue beat(2)-5.97%
Revenue beat(4)0
Avg Revenue beat(4)-8.43%
Min Revenue beat(4)-24.13%
Max Revenue beat(4)-0.34%
Revenue beat(8)3
Avg Revenue beat(8)5.53%
Revenue beat(12)6
Avg Revenue beat(12)7.6%
Revenue beat(16)7
Avg Revenue beat(16)6.13%
PT rev (1m)0%
PT rev (3m)-33.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-50%
EPS NY rev (1m)0%
EPS NY rev (3m)-45.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.67%
Valuation
Industry RankSector Rank
PE 6.82
Fwd PE 0.82
P/S 0.05
P/FCF 1.74
P/OCF 1
P/B 0.06
P/tB N/A
EV/EBITDA 4.14
EPS(TTM)0.17
EY14.66%
EPS(NY)1.41
Fwd EY121.78%
FCF(TTM)0.67
FCFY57.47%
OCF(TTM)1.16
OCFY100.16%
SpS23.81
BVpS19.78
TBVpS-11.2
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 0.32%
ROE 0.82%
ROCE 15.78%
ROIC 13.72%
ROICexc 15.67%
ROICexgc N/A
OM 14.94%
PM (TTM) 0.68%
GM 47%
FCFM 2.8%
ROA(3y)4.81%
ROA(5y)5.26%
ROE(3y)11.98%
ROE(5y)14.6%
ROIC(3y)10.38%
ROIC(5y)10.3%
ROICexc(3y)12%
ROICexc(5y)11.71%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.77%
ROCE(5y)11.72%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y20.04%
ROICexc growth 5Y10.36%
OM growth 3Y-24.69%
OM growth 5Y-18.1%
PM growth 3Y-28.25%
PM growth 5Y-25.95%
GM growth 3Y-21.49%
GM growth 5Y-13.45%
F-Score5
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 30.67
Debt/EBITDA 0.12
Cap/Depr 70.18%
Cap/Sales 2.08%
Interest Coverage 1.86
Cash Conversion 27.26%
Profit Quality 412%
Current Ratio 0.41
Quick Ratio 0.41
Altman-Z 1.06
F-Score5
WACC5.1%
ROIC/WACC2.69
Cap/Depr(3y)75.83%
Cap/Depr(5y)84.35%
Cap/Sales(3y)1.64%
Cap/Sales(5y)2.07%
Profit Quality(3y)89.22%
Profit Quality(5y)78.73%
High Growth Momentum
Growth
EPS 1Y (TTM)-92.74%
EPS 3Y-14.5%
EPS 5Y-7.91%
EPS Q2Q%-155.93%
EPS Next Y-87.37%
EPS Next 2Y-17.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-30.72%
Revenue growth 3Y21.84%
Revenue growth 5Y23.6%
Sales Q2Q%-53.78%
Revenue Next Year-42.79%
Revenue Next 2Y-31.8%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-10.65%
EBIT growth 3Y-8.24%
EBIT growth 5Y1.22%
EBIT Next Year21.62%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.55%
FCF growth 3Y5.41%
FCF growth 5Y-3.37%
OCF growth 1Y-47.51%
OCF growth 3Y8.47%
OCF growth 5Y0.21%

EBIX INC / EBIX FAQ

What is the fundamental rating for EBIX stock?

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


Can you provide the valuation status for EBIX INC?

ChartMill assigns a valuation rating of 8 / 10 to EBIX INC (EBIX). This can be considered as Undervalued.


What is the profitability of EBIX stock?

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


Can you provide the expected EPS growth for EBIX stock?

The Earnings per Share (EPS) of EBIX INC (EBIX) is expected to decline by -87.37% in the next year.


How sustainable is the dividend of EBIX INC (EBIX) stock?

The dividend rating of EBIX INC (EBIX) is 0 / 10 and the dividend payout ratio is 46%.