AXA SA (AXA.DE) Fundamental Analysis & Valuation

FRA:AXA • FR0000120628

Current stock price

41.02 EUR
-0.31 (-0.75%)
Last:

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

5

1. AXA.DE Profitability Analysis

1.1 Basic Checks

  • In the past year AXA was profitable.
  • In the past year AXA had a positive cash flow from operations.
  • In the past 5 years AXA has always been profitable.
  • In the past 5 years AXA always reported a positive cash flow from operatings.
AXA.DE Yearly Net Income VS EBIT VS OCF VS FCFAXA.DE 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 5B 10B 15B 20B

1.2 Ratios

  • With a Return On Assets value of 1.51%, AXA perfoms like the industry average, outperforming 42.22% of the companies in the same industry.
  • The Return On Equity of AXA (20.40%) is better than 68.89% of its industry peers.
  • The Return On Invested Capital of AXA (1.28%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AXA is below the industry average of 3.90%.
  • The last Return On Invested Capital (1.28%) for AXA is above the 3 year average (1.22%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.51%
ROE 20.4%
ROIC 1.28%
ROA(3y)1.26%
ROA(5y)1.14%
ROE(3y)16.64%
ROE(5y)14.8%
ROIC(3y)1.22%
ROIC(5y)1.19%
AXA.DE Yearly ROA, ROE, ROICAXA.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • With a Profit Margin value of 10.48%, AXA perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
  • AXA's Profit Margin has improved in the last couple of years.
  • AXA has a Operating Margin (11.51%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of AXA has grown nicely.
Industry RankSector Rank
OM 11.51%
PM (TTM) 10.48%
GM N/A
OM growth 3Y3.64%
OM growth 5Y14.49%
PM growth 3Y19.31%
PM growth 5Y31.84%
GM growth 3YN/A
GM growth 5YN/A
AXA.DE Yearly Profit, Operating, Gross MarginsAXA.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

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6

2. AXA.DE Health Analysis

2.1 Basic Checks

  • AXA has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • AXA has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for AXA has been reduced compared to 5 years ago.
  • AXA has a better debt/assets ratio than last year.
AXA.DE Yearly Shares OutstandingAXA.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
AXA.DE Yearly Total Debt VS Total AssetsAXA.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B 800B

2.2 Solvency

  • AXA has an Altman-Z score of 0.37. This is a bad value and indicates that AXA is not financially healthy and even has some risk of bankruptcy.
  • AXA has a Altman-Z score of 0.37. This is amongst the best in the industry. AXA outperforms 84.44% of its industry peers.
  • The Debt to FCF ratio of AXA is 1.22, which is an excellent value as it means it would take AXA, only 1.22 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of AXA (1.22) is better than 73.33% of its industry peers.
  • AXA has a Debt/Equity ratio of 0.57. This is a neutral value indicating AXA is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.57, AXA perfoms like the industry average, outperforming 51.11% of the companies in the same industry.
  • Although AXA's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. 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 RankSector Rank
Debt/Equity 0.57
Debt/FCF 1.22
Altman-Z 0.37
ROIC/WACC0.13
WACC9.53%
AXA.DE Yearly LT Debt VS Equity VS FCFAXA.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.3 Liquidity

  • AXA has a Current Ratio of 0.86. This is a bad value and indicates that AXA is not financially healthy enough and could expect problems in meeting its short term obligations.
  • AXA has a better Current ratio (0.86) than 82.22% of its industry peers.
  • A Quick Ratio of 0.86 indicates that AXA may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.86, AXA belongs to the top of the industry, outperforming 82.22% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.86
AXA.DE Yearly Current Assets VS Current LiabilitesAXA.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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

4

3. AXA.DE Growth Analysis

3.1 Past

  • AXA shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.52%.
  • The Earnings Per Share has been growing by 17.68% on average over the past years. This is quite good.
  • Looking at the last year, AXA shows a small growth in Revenue. The Revenue has grown by 5.76% in the last year.
  • AXA shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.15% yearly.
EPS 1Y (TTM)7.52%
EPS 3Y7.81%
EPS 5Y17.68%
EPS Q2Q%6.4%
Revenue 1Y (TTM)5.76%
Revenue growth 3Y-4.44%
Revenue growth 5Y-4.15%
Sales Q2Q%17.13%

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 6.47% on average per year.
  • AXA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.19% yearly.
EPS Next Y11.01%
EPS Next 2Y9.18%
EPS Next 3Y8.36%
EPS Next 5Y6.47%
Revenue Next Year1.42%
Revenue Next 2Y4.12%
Revenue Next 3Y3.25%
Revenue Next 5Y8.19%

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.
AXA.DE Yearly Revenue VS EstimatesAXA.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50B 100B
AXA.DE Yearly EPS VS EstimatesAXA.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 1 2 3 4 5

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6

4. AXA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.63, the valuation of AXA can be described as very reasonable.
  • AXA's Price/Earnings ratio is a bit cheaper when compared to the industry. AXA is cheaper than 80.00% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of AXA to the average of the S&P500 Index (27.42), we can say AXA is valued rather cheaply.
  • The Price/Forward Earnings ratio is 9.57, which indicates a very decent valuation of AXA.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AXA indicates a rather cheap valuation: AXA is cheaper than 82.22% of the companies listed 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 22.24.
Industry RankSector Rank
PE 10.63
Fwd PE 9.57
AXA.DE Price Earnings VS Forward Price EarningsAXA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 86.67% of the companies in the same industry are more expensive than AXA, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 3.91
EV/EBITDA N/A
AXA.DE Per share dataAXA.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)0.97
PEG (5Y)0.6
EPS Next 2Y9.18%
EPS Next 3Y8.36%

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7

5. AXA.DE Dividend Analysis

5.1 Amount

  • AXA has a Yearly Dividend Yield of 5.62%, which is a nice return.
  • AXA's Dividend Yield is a higher than the industry average which is at 3.90.
  • AXA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 5.62%

5.2 History

  • On average, the dividend of AXA grows each year by 25.07%, which is quite nice.
Dividend Growth(5Y)25.07%
Div Incr Years5
Div Non Decr Years5
AXA.DE Yearly Dividends per shareAXA.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • AXA pays out 49.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • AXA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP49.13%
EPS Next 2Y9.18%
EPS Next 3Y8.36%
AXA.DE Yearly Income VS Free CF VS DividendAXA.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B
AXA.DE Dividend Payout.AXA.DE Dividend Payout, showing the Payout Ratio.AXA.DE Dividend Payout.PayoutRetained Earnings

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AXA.DE Fundamentals: All Metrics, Ratios and Statistics

AXA SA

FRA:AXA (4/24/2026, 7:00:00 PM)

41.02

-0.31 (-0.75%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-26
Earnings (Next)07-30
Inst Owners38.28%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap85.76B
Revenue(TTM)91.79B
Net Income(TTM)9.62B
Analysts82.67
Price Target46.92 (14.38%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.62%
Yearly Dividend2.24
Dividend Growth(5Y)25.07%
DP49.13%
Div Incr Years5
Div Non Decr Years5
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)2.01%
PT rev (3m)2.86%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.5%
EPS NY rev (3m)0.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.26%
Revenue NY rev (3m)-6.42%
Valuation
Industry RankSector Rank
PE 10.63
Fwd PE 9.57
P/S 0.93
P/FCF 3.91
P/OCF 3.84
P/B 1.82
P/tB 3.44
EV/EBITDA N/A
EPS(TTM)3.86
EY9.41%
EPS(NY)4.28
Fwd EY10.45%
FCF(TTM)10.49
FCFY25.57%
OCF(TTM)10.69
OCFY26.07%
SpS43.9
BVpS22.56
TBVpS11.94
PEG (NY)0.97
PEG (5Y)0.6
Graham Number44.2675 (7.92%)
Profitability
Industry RankSector Rank
ROA 1.51%
ROE 20.4%
ROCE 1.69%
ROIC 1.28%
ROICexc 1.33%
ROICexgc 1.78%
OM 11.51%
PM (TTM) 10.48%
GM N/A
FCFM 23.89%
ROA(3y)1.26%
ROA(5y)1.14%
ROE(3y)16.64%
ROE(5y)14.8%
ROIC(3y)1.22%
ROIC(5y)1.19%
ROICexc(3y)1.26%
ROICexc(5y)1.24%
ROICexgc(3y)1.66%
ROICexgc(5y)1.61%
ROCE(3y)1.61%
ROCE(5y)1.58%
ROICexgc growth 3Y-0.47%
ROICexgc growth 5Y17.44%
ROICexc growth 3Y-1.21%
ROICexc growth 5Y14.97%
OM growth 3Y3.64%
OM growth 5Y14.49%
PM growth 3Y19.31%
PM growth 5Y31.84%
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.14
Health
Industry RankSector Rank
Debt/Equity 0.57
Debt/FCF 1.22
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.47%
Interest Coverage 2.24
Cash Conversion N/A
Profit Quality 227.84%
Current Ratio 0.86
Quick Ratio 0.86
Altman-Z 0.37
F-Score8
WACC9.53%
ROIC/WACC0.13
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.5%
Cap/Sales(5y)0.43%
Profit Quality(3y)144.7%
Profit Quality(5y)135.51%
High Growth Momentum
Growth
EPS 1Y (TTM)7.52%
EPS 3Y7.81%
EPS 5Y17.68%
EPS Q2Q%6.4%
EPS Next Y11.01%
EPS Next 2Y9.18%
EPS Next 3Y8.36%
EPS Next 5Y6.47%
Revenue 1Y (TTM)5.76%
Revenue growth 3Y-4.44%
Revenue growth 5Y-4.15%
Sales Q2Q%17.13%
Revenue Next Year1.42%
Revenue Next 2Y4.12%
Revenue Next 3Y3.25%
Revenue Next 5Y8.19%
EBIT growth 1Y0.54%
EBIT growth 3Y-0.96%
EBIT growth 5Y9.73%
EBIT Next Year14.71%
EBIT Next 3Y8.27%
EBIT Next 5YN/A
FCF growth 1Y82.85%
FCF growth 3Y46.03%
FCF growth 5Y-0.29%
OCF growth 1Y79.3%
OCF growth 3Y44.6%
OCF growth 5Y-0.25%

AXA SA / AXA.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of AXA SA (AXA.DE) stock?

ChartMill assigns a fundamental rating of 5 / 10 to AXA.DE.


What is the valuation status of AXA SA (AXA.DE) stock?

ChartMill assigns a valuation rating of 6 / 10 to AXA SA (AXA.DE). This can be considered as Fairly Valued.


How profitable is AXA SA (AXA.DE) stock?

AXA SA (AXA.DE) has a profitability rating of 5 / 10.


What is the expected EPS growth for AXA SA (AXA.DE) stock?

The Earnings per Share (EPS) of AXA SA (AXA.DE) is expected to grow by 11.01% in the next year.


How sustainable is the dividend of AXA SA (AXA.DE) stock?

The dividend rating of AXA SA (AXA.DE) is 7 / 10 and the dividend payout ratio is 49.13%.