AFLAC INC (AFL) Stock Fundamental Analysis

NYSE:AFL • US0010551028

112.93 USD
-1.04 (-0.91%)
At close: Feb 27, 2026
112.93 USD
0 (0%)
After Hours: 2/27/2026, 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

  • In the past year AFL was profitable.
  • AFL had a positive operating cash flow in the past year.
  • Each year in the past 5 years AFL has been profitable.
  • AFL had a positive operating cash flow in 4 of the past 5 years.
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

  • AFL has a better Return On Assets (3.41%) than 67.11% of its industry peers.
  • Looking at the Return On Equity, with a value of 14.53%, AFL is in the better half of the industry, outperforming 67.11% of the companies in the same industry.
  • AFL has a better Return On Invested Capital (3.63%) than 64.43% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AFL is significantly below the industry average of 15.11%.
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

  • The Profit Margin of AFL (23.55%) is better than 93.29% of its industry peers.
  • In the last couple of years the Profit Margin of AFL has remained more or less at the same level.
  • AFL has a better Operating Margin (29.97%) than 91.95% of its industry peers.
  • 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.
  • The number of shares outstanding for AFL has been reduced compared to 1 year ago.
  • Compared to 5 years ago, AFL has less shares outstanding
  • AFL has a worse debt/assets ratio than last year.
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

  • AFL has a debt to FCF ratio of 3.34. This is a good value and a sign of high solvency as AFL would need 3.34 years to pay back of all of its debts.
  • AFL's Debt to FCF ratio of 3.34 is in line compared to the rest of the industry. AFL outperforms 46.31% of its industry peers.
  • A Debt/Equity ratio of 0.30 indicates that AFL is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.30, AFL is in line with its industry, outperforming 53.69% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 3.34
Altman-Z N/A
ROIC/WACC0.46
WACC7.89%
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.
  • AFL shows a decrease in Revenue. In the last year, the revenue decreased by -9.31%.
  • The Revenue has been decreasing by -4.97% on average over the past years.
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

  • The Earnings Per Share is expected to grow by 4.48% on average over the next years.
  • Based on estimates for the next years, AFL will show a small growth in Revenue. The Revenue will grow by 1.57% on average per year.
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

  • 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.
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 15.06, which indicates a correct valuation of AFL.
  • Based on the Price/Earnings ratio, AFL is valued a bit more expensive than the industry average as 60.40% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of AFL to the average of the S&P500 Index (27.07), we can say AFL is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 14.36, the valuation of AFL can be described as correct.
  • AFL's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. AFL is more expensive than 61.74% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of AFL to the average of the S&P500 Index (28.05), we can say AFL is valued slightly cheaper.
Industry RankSector Rank
PE 15.06
Fwd PE 14.36
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AFL is on the same level as its industry peers.
  • Based on the Price/Free Cash Flow ratio, AFL is valued a bit more expensive than the industry average as 67.11% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 22.77
EV/EBITDA 9.79
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)1.74
EPS Next 2Y2.41%
EPS Next 3Y4.19%

More info and screens

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

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.14%, AFL has a reasonable but not impressive dividend return.
  • AFL's Dividend Yield is comparable with the industry average which is at 2.46.
  • 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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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Find the best dividend stocksShow peers with best dividend

AFLAC INC

NYSE:AFL (2/27/2026, 8:04:00 PM)

After market: 112.93 0 (0%)

112.93

-1.04 (-0.91%)

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 Cap58.58B
Revenue(TTM)17.16B
Net Income(TTM)4.17B
Analysts55.24
Price Target114.5 (1.39%)
Short Float %1.58%
Short Ratio3.01
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 15.06
Fwd PE 14.36
P/S 3.31
P/FCF 22.77
P/OCF 22.77
P/B 2.04
P/tB 2.04
EV/EBITDA 9.79
EPS(TTM)7.5
EY6.64%
EPS(NY)7.87
Fwd EY6.97%
FCF(TTM)4.96
FCFY4.39%
OCF(TTM)4.96
OCFY4.39%
SpS34.13
BVpS55.31
TBVpS55.31
PEG (NY)N/A
PEG (5Y)1.74
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
WACC7.89%
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.