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.

6

1. AXA.DE Profitability Analysis

1.1 Basic Checks

  • AXA had positive earnings in the past year.
  • AXA had a positive operating cash flow in the past year.
  • Each year in the past 5 years AXA has been profitable.
  • AXA had a positive operating cash flow in each of the past 5 years.
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

  • The Return On Assets of AXA (1.51%) is comparable to the rest of the industry.
  • The Return On Equity of AXA (20.40%) is better than 71.05% of its industry peers.
  • With a decent Return On Invested Capital value of 1.28%, AXA is doing good in the industry, outperforming 65.79% 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 2.62%.
  • 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

  • The Profit Margin of AXA (10.48%) is better than 63.16% of its industry peers.
  • In the last couple of years the Profit Margin of AXA has grown nicely.
  • AXA has a Operating Margin (11.51%) which is in line with its industry peers.
  • AXA's Operating Margin has improved in the last couple of years.
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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5

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.
  • 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 an improved debt to assets ratio.
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's Altman-Z score of 0.37 is amongst the best of the industry. AXA outperforms 86.84% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 1.22, AXA is in the better half of the industry, outperforming 78.95% of the companies in the same industry.
  • A Debt/Equity ratio of 0.57 indicates that AXA is somewhat dependend on debt financing.
  • AXA's Debt to Equity ratio of 0.57 is in line compared to the rest of the industry. AXA outperforms 52.63% of its industry peers.
  • 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

  • A Current Ratio of 0.86 indicates that AXA may have some problems paying its short term obligations.
  • With a decent Current ratio value of 0.86, AXA is doing good in the industry, outperforming 78.95% of the companies in the same industry.
  • A Quick Ratio of 0.86 indicates that AXA may have some problems paying its short term obligations.
  • The Quick ratio of AXA (0.86) is better than 78.95% of its industry peers.
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.
  • The Revenue has been growing slightly by 5.76% in the past year.
  • 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

  • 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.
  • The Revenue is expected to grow by 8.19% on average over the next years. This is quite good.
EPS Next Y11.01%
EPS Next 2Y9.18%
EPS Next 3Y8.36%
EPS Next 5Y6.47%
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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7

4. AXA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.63 indicates a reasonable valuation of AXA.
  • AXA's Price/Earnings ratio is rather cheap when compared to the industry. AXA is cheaper than 84.21% of the companies in the same industry.
  • AXA is valuated cheaply when we compare the Price/Earnings ratio to 27.35, which is the current average of the S&P500 Index.
  • AXA is valuated reasonably with a Price/Forward Earnings ratio of 9.57.
  • Based on the Price/Forward Earnings ratio, AXA is valued cheaper than 81.58% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.23. AXA is valued rather cheaply when compared to this.
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

  • Based on the Price/Free Cash Flow ratio, AXA is valued cheaply inside the industry as 84.21% of the companies are valued more expensively.
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.
  • The decent profitability rating of AXA may justify a higher PE ratio.
PEG (NY)0.97
PEG (5Y)0.6
EPS Next 2Y9.18%
EPS Next 3Y8.36%

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

7

5. AXA.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.62%, AXA is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 4.46, AXA pays a bit more dividend than its industry peers.
  • AXA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.62%

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

  • AXA pays out 49.13% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of AXA is growing, but the earnings are growing slower. 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 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%.