AXA SA (AXA.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:AXA - FR0000120628 - Common Stock
40.41 EUR
+0.53 (+1.33%)
Taking everything into account, AXA scores 5 out of 10 in our fundamental rating. AXA was compared to 49 industry peers in the Insurance industry. Both the profitability and the financial health of AXA get a neutral evaluation. Nothing too spectacular is happening here. AXA has a decent growth rate and is not valued too expensively.
1. Profitability
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.
1.2 Ratios
AXA's Return On Assets of 1.18% is in line compared to the rest of the industry. AXA outperforms 44.00% of its industry peers.
AXA has a better Return On Equity (16.72%) than 64.00% of its industry peers.
AXA has a Return On Invested Capital (1.28%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AXA is in line with the industry average of 2.67%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 16.72% | ||
| ROIC | 1.28% |
ROA(3y)1.09%
ROA(5y)0.91%
ROE(3y)14.54%
ROE(5y)11.55%
ROIC(3y)1.29%
ROIC(5y)1.11%
1.3 Margins
AXA has a Profit Margin of 8.52%. This is in the lower half of the industry: AXA underperforms 60.00% of its industry peers.
In the last couple of years the Profit Margin of AXA has grown nicely.
AXA's Operating Margin of 11.47% is in line compared to the rest of the industry. AXA outperforms 42.00% of its industry peers.
In the last couple of years the Operating Margin of AXA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.47% | ||
| PM (TTM) | 8.52% | ||
| GM | N/A |
OM growth 3Y15.12%
OM growth 5Y20.23%
PM growth 3Y14.87%
PM growth 5Y26.69%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AXA is destroying value.
The number of shares outstanding for AXA has been reduced compared to 1 year ago.
Compared to 5 years ago, AXA has less shares outstanding
Compared to 1 year ago, AXA has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.35, we must say that AXA is in the distress zone and has some risk of bankruptcy.
With an excellent Altman-Z score value of 0.35, AXA belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
AXA has a debt to FCF ratio of 1.41. This is a very positive value and a sign of high solvency as it would only need 1.41 years to pay back of all of its debts.
The Debt to FCF ratio of AXA (1.41) is better than 72.00% of its industry peers.
AXA has a Debt/Equity ratio of 0.65. This is a neutral value indicating AXA is somewhat dependend on debt financing.
The Debt to Equity ratio of AXA (0.65) is comparable to the rest of the industry.
Although AXA does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 1.41 | ||
| Altman-Z | 0.35 |
ROIC/WACC0.12
WACC10.73%
2.3 Liquidity
A Current Ratio of 0.82 indicates that AXA may have some problems paying its short term obligations.
AXA has a Current ratio of 0.82. This is amongst the best in the industry. AXA outperforms 84.00% of its industry peers.
A Quick Ratio of 0.82 indicates that AXA may have some problems paying its short term obligations.
The Quick ratio of AXA (0.82) is better than 84.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
AXA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.70%, which is quite good.
Measured over the past years, AXA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.09% on average per year.
AXA shows a small growth in Revenue. In the last year, the Revenue has grown by 4.40%.
The Revenue has been decreasing by -8.16% on average over the past years.
EPS 1Y (TTM)8.7%
EPS 3Y9.29%
EPS 5Y18.09%
EPS Q2Q%8.56%
Revenue 1Y (TTM)4.4%
Revenue growth 3Y-10.62%
Revenue growth 5Y-8.16%
Sales Q2Q%3.72%
3.2 Future
The Earnings Per Share is expected to grow by 6.92% on average over the next years.
AXA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.53% yearly.
EPS Next Y11.96%
EPS Next 2Y9.07%
EPS Next 3Y8.34%
EPS Next 5Y6.92%
Revenue Next Year9.09%
Revenue Next 2Y7%
Revenue Next 3Y6.85%
Revenue Next 5Y8.53%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.78, the valuation of AXA can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of AXA indicates a somewhat cheap valuation: AXA is cheaper than 74.00% of the companies listed in the same industry.
AXA's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.56.
The Price/Forward Earnings ratio is 9.46, which indicates a very decent valuation of AXA.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AXA indicates a somewhat cheap valuation: AXA is cheaper than 76.00% of the companies listed in the same industry.
AXA is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.79, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.78 | ||
| Fwd PE | 9.46 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, AXA is valued cheaply inside the industry as 86.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.1 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.9
PEG (5Y)0.6
EPS Next 2Y9.07%
EPS Next 3Y8.34%
5. Dividend
5.1 Amount
AXA has a Yearly Dividend Yield of 5.39%, which is a nice return.
AXA's Dividend Yield is a higher than the industry average which is at 4.14.
AXA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.39% |
5.2 History
On average, the dividend of AXA grows each year by 8.12%, which is quite nice.
Dividend Growth(5Y)8.12%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
AXA pays out 61.79% of its income as dividend. This is not a sustainable payout ratio.
AXA's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP61.79%
EPS Next 2Y9.07%
EPS Next 3Y8.34%
FRA:AXA (12/12/2025, 7:00:00 PM)
40.41
+0.53 (+1.33%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners40.12%
Inst Owner ChangeN/A
Ins Owners0.1%
Ins Owner ChangeN/A
Market Cap85.82B
Revenue(TTM)89.27B
Net Income(TTM)7.61B
Analysts82.96
Price Target45.53 (12.67%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.39% |
Yearly Dividend2.02
Dividend Growth(5Y)8.12%
DP61.79%
Div Incr Years4
Div Non Decr Years4
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)0.21%
PT rev (3m)0.23%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.2%
EPS NY rev (3m)-2.28%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)0.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.78 | ||
| Fwd PE | 9.46 | ||
| P/S | 0.96 | ||
| P/FCF | 4.1 | ||
| P/OCF | 4.01 | ||
| P/B | 1.89 | ||
| P/tB | 3.56 | ||
| EV/EBITDA | N/A |
EPS(TTM)3.75
EY9.28%
EPS(NY)4.27
Fwd EY10.57%
FCF(TTM)9.85
FCFY24.39%
OCF(TTM)10.08
OCFY24.93%
SpS42.04
BVpS21.42
TBVpS11.35
PEG (NY)0.9
PEG (5Y)0.6
Graham Number42.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.18% | ||
| ROE | 16.72% | ||
| ROCE | 1.62% | ||
| ROIC | 1.28% | ||
| ROICexc | 1.33% | ||
| ROICexgc | 1.74% | ||
| OM | 11.47% | ||
| PM (TTM) | 8.52% | ||
| GM | N/A | ||
| FCFM | 23.44% |
ROA(3y)1.09%
ROA(5y)0.91%
ROE(3y)14.54%
ROE(5y)11.55%
ROIC(3y)1.29%
ROIC(5y)1.11%
ROICexc(3y)1.34%
ROICexc(5y)1.16%
ROICexgc(3y)1.75%
ROICexgc(5y)1.48%
ROCE(3y)1.62%
ROCE(5y)1.41%
ROICexgc growth 3Y10.47%
ROICexgc growth 5Y16.55%
ROICexc growth 3Y8.69%
ROICexc growth 5Y14.36%
OM growth 3Y15.12%
OM growth 5Y20.23%
PM growth 3Y14.87%
PM growth 5Y26.69%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 1.41 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 0.53% | ||
| Interest Coverage | 1.98 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 275.1% | ||
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 | ||
| Altman-Z | 0.35 |
F-Score7
WACC10.73%
ROIC/WACC0.12
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.46%
Cap/Sales(5y)0.4%
Profit Quality(3y)104.89%
Profit Quality(5y)238.88%
High Growth Momentum
Growth
EPS 1Y (TTM)8.7%
EPS 3Y9.29%
EPS 5Y18.09%
EPS Q2Q%8.56%
EPS Next Y11.96%
EPS Next 2Y9.07%
EPS Next 3Y8.34%
EPS Next 5Y6.92%
Revenue 1Y (TTM)4.4%
Revenue growth 3Y-10.62%
Revenue growth 5Y-8.16%
Sales Q2Q%3.72%
Revenue Next Year9.09%
Revenue Next 2Y7%
Revenue Next 3Y6.85%
Revenue Next 5Y8.53%
EBIT growth 1Y7.05%
EBIT growth 3Y2.9%
EBIT growth 5Y10.41%
EBIT Next Year25.92%
EBIT Next 3Y11.14%
EBIT Next 5YN/A
FCF growth 1Y150.74%
FCF growth 3Y7.74%
FCF growth 5Y9.94%
OCF growth 1Y145.39%
OCF growth 3Y7.85%
OCF growth 5Y9.48%
AXA SA / AXA.DE FAQ
What is the ChartMill fundamental rating of AXA SA (AXA.DE) stock?
ChartMill assigns a fundamental rating of 5 / 10 to AXA.DE.
Can you provide the valuation status for AXA SA?
ChartMill assigns a valuation rating of 6 / 10 to AXA SA (AXA.DE). This can be considered as Fairly Valued.
What is the profitability of AXA stock?
AXA SA (AXA.DE) has a profitability rating of 5 / 10.
What is the valuation of AXA SA based on its PE and PB ratios?
The Price/Earnings (PE) ratio for AXA SA (AXA.DE) is 10.78 and the Price/Book (PB) ratio is 1.89.
How sustainable is the dividend of AXA SA (AXA.DE) stock?
The dividend rating of AXA SA (AXA.DE) is 6 / 10 and the dividend payout ratio is 61.79%.