AXA SA (AXA.DE) Fundamental Analysis & Valuation

FRA:AXA • FR0000120628

Current stock price

41.84 EUR
+0.58 (+1.41%)
Last:

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

6

1. AXA.DE Profitability Analysis

1.1 Basic Checks

  • In the past year AXA was profitable.
  • AXA had a positive operating cash flow in the past year.
  • 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.
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

  • AXA has a Return On Assets (1.51%) which is in line with its industry peers.
  • AXA has a better Return On Equity (20.40%) than 72.92% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 1.28%, AXA is in the better half of the industry, outperforming 64.58% of the companies in the same industry.
  • AXA had an Average Return On Invested Capital over the past 3 years of 1.22%. This is in line with the industry average of 2.76%.
  • The 3 year average ROIC (1.22%) for AXA is below the current ROIC(1.28%), indicating increased profibility in the last year.
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 decent Profit Margin value of 10.48%, AXA is doing good in the industry, outperforming 60.42% of the companies in the same industry.
  • AXA's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 11.51%, AXA is in line with its industry, outperforming 47.92% of the companies in the same 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. AXA.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AXA 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 0.38. This is a bad value and indicates that AXA is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.38, AXA belongs to the top of the industry, outperforming 89.58% of the companies in the same industry.
  • AXA has a debt to FCF ratio of 1.22. This is a very positive value and a sign of high solvency as it would only need 1.22 years to pay back of all of its debts.
  • AXA's Debt to FCF ratio of 1.22 is fine compared to the rest of the industry. AXA outperforms 72.92% 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.
  • Looking at the Debt to Equity ratio, with a value of 0.57, AXA is in line with its industry, outperforming 52.08% of the companies in the same industry.
  • 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 RankSector Rank
Debt/Equity 0.57
Debt/FCF 1.22
Altman-Z 0.38
ROIC/WACC0.14
WACC9.51%
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

  • A Current Ratio of 0.86 indicates that AXA may have some problems paying its short term obligations.
  • The Current ratio of AXA (0.86) is better than 83.33% of its industry peers.
  • A Quick Ratio of 0.86 indicates that AXA may have some problems paying its short term obligations.
  • With an excellent Quick ratio value of 0.86, AXA belongs to the best of the industry, outperforming 83.33% 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

More info and screens

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

4

3. AXA.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 7.52% over the past year.
  • Measured over the past years, AXA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.68% on average per year.
  • AXA shows a small growth in Revenue. In the last year, the Revenue has grown by 5.76%.
  • The Revenue has been decreasing by -4.15% on average over the past years.
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

  • AXA is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.68% yearly.
  • The Revenue is expected to grow by 8.16% on average over the next years. This is quite good.
EPS Next Y11.01%
EPS Next 2Y9.18%
EPS Next 3Y8.36%
EPS Next 5Y6.68%
Revenue Next Year4.11%
Revenue Next 2Y5.62%
Revenue Next 3Y3.51%
Revenue Next 5Y8.16%

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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

7

4. AXA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.84, 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 75.00% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.34. AXA is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 9.76 indicates a reasonable valuation of AXA.
  • 75.00% of the companies in the same industry are more expensive than AXA, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of AXA to the average of the S&P500 Index (38.18), we can say AXA is valued rather cheaply.
Industry RankSector Rank
PE 10.84
Fwd PE 9.76
AXA.DE Price Earnings VS Forward Price EarningsAXA.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of AXA indicates a rather cheap valuation: AXA is cheaper than 83.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 3.99
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.
  • AXA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.98
PEG (5Y)0.61
EPS Next 2Y9.18%
EPS Next 3Y8.36%

More info and screens

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

7

5. AXA.DE Dividend Analysis

5.1 Amount

  • AXA has a Yearly Dividend Yield of 5.60%, which is a nice return.
  • AXA's Dividend Yield is a higher than the industry average which is at 4.28.
  • AXA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.6%

5.2 History

  • The dividend of AXA is nicely growing with an annual growth rate of 25.07%!
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

  • 49.13% of the earnings are spent on dividend by AXA. 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

More info and screens

Find the best dividend stocksShow peers with best dividend

AXA.DE Fundamentals: All Metrics, Ratios and Statistics

AXA SA

FRA:AXA (4/14/2026, 7:00:00 PM)

41.84

+0.58 (+1.41%)

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 Cap87.47B
Revenue(TTM)91.79B
Net Income(TTM)9.62B
Analysts82.67
Price Target46.9 (12.09%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.6%
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)1.96%
PT rev (3m)2.94%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.5%
EPS NY rev (3m)0.3%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.95%
Revenue NY rev (3m)-3.94%
Valuation
Industry RankSector Rank
PE 10.84
Fwd PE 9.76
P/S 0.95
P/FCF 3.99
P/OCF 3.91
P/B 1.85
P/tB 3.5
EV/EBITDA N/A
EPS(TTM)3.86
EY9.23%
EPS(NY)4.28
Fwd EY10.24%
FCF(TTM)10.49
FCFY25.07%
OCF(TTM)10.69
OCFY25.55%
SpS43.9
BVpS22.56
TBVpS11.94
PEG (NY)0.98
PEG (5Y)0.61
Graham Number44.27
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 0.38
F-Score8
WACC9.51%
ROIC/WACC0.14
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 5Y6.68%
Revenue 1Y (TTM)5.76%
Revenue growth 3Y-4.44%
Revenue growth 5Y-4.15%
Sales Q2Q%17.13%
Revenue Next Year4.11%
Revenue Next 2Y5.62%
Revenue Next 3Y3.51%
Revenue Next 5Y8.16%
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 6 / 10 to AXA.DE.


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

ChartMill assigns a valuation rating of 7 / 10 to AXA SA (AXA.DE). This can be considered as Undervalued.


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

AXA SA (AXA.DE) has a profitability rating of 6 / 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%.