AXA SA (AXA.DE) Fundamental Analysis & Valuation

FRA:AXA • FR0000120628

Current stock price

41.33 EUR
-0.05 (-0.12%)
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.
  • AXA had a positive operating cash flow in the past year.
  • AXA had positive earnings in each of the past 5 years.
  • 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

  • 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 66.67% of its industry peers.
  • AXA's Return On Invested Capital of 1.28% is in line compared to the rest of the industry. AXA outperforms 53.33% of its industry peers.
  • AXA had an Average Return On Invested Capital over the past 3 years of 1.22%. This 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

  • AXA has a Profit Margin of 10.48%. This is comparable to the rest of the industry: AXA outperforms 51.11% of its industry peers.
  • In the last couple of years the Profit Margin of AXA has grown nicely.
  • AXA's Operating Margin of 11.51% is on the low side compared to the rest of the industry. AXA is outperformed by 60.00% of its industry peers.
  • 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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5

2. AXA.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AXA is destroying value.
  • Compared to 1 year ago, AXA has less shares outstanding
  • AXA has less shares outstanding than it did 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

  • Based on the Altman-Z score of 0.38, we must say that AXA is in the distress zone and has some risk of bankruptcy.
  • With an excellent Altman-Z score value of 0.38, AXA belongs to the best of the industry, outperforming 86.67% 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.
  • The Debt to FCF ratio of AXA (1.22) is better than 71.11% 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.
  • The Debt to Equity ratio of AXA (0.57) is comparable to the rest of the 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/WACC0.13
WACC9.52%
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.
  • AXA's Current ratio of 0.86 is fine compared to the rest of the industry. AXA outperforms 80.00% of its industry peers.
  • 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 80.00% 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%.
  • 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.
  • 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

  • The Earnings Per Share is expected to grow by 6.68% on average over the next years.
  • 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 Year1.42%
Revenue Next 2Y4.12%
Revenue Next 3Y3.25%
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

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6

4. AXA.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.71 indicates a reasonable valuation of AXA.
  • Based on the Price/Earnings ratio, AXA is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.42. AXA is valued rather cheaply when compared to this.
  • AXA is valuated reasonably with a Price/Forward Earnings ratio of 9.65.
  • 80.00% 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 (22.24), we can say AXA is valued rather cheaply.
Industry RankSector Rank
PE 10.71
Fwd PE 9.65
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

  • AXA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AXA is cheaper than 82.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 3.94
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)0.61
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 5.49%, AXA is a good candidate for dividend investing.
  • AXA's Dividend Yield is rather good when compared to the industry average which is at 3.89. AXA pays more dividend than 82.22% of the companies in the same industry.
  • AXA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 5.49%

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 (4/23/2026, 7:00:00 PM)

41.33

-0.05 (-0.12%)

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 Cap86.41B
Revenue(TTM)91.79B
Net Income(TTM)9.62B
Analysts82.67
Price Target46.92 (13.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.49%
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 10.71
Fwd PE 9.65
P/S 0.94
P/FCF 3.94
P/OCF 3.87
P/B 1.83
P/tB 3.46
EV/EBITDA N/A
EPS(TTM)3.86
EY9.34%
EPS(NY)4.28
Fwd EY10.37%
FCF(TTM)10.49
FCFY25.37%
OCF(TTM)10.69
OCFY25.87%
SpS43.9
BVpS22.56
TBVpS11.94
PEG (NY)0.97
PEG (5Y)0.61
Graham Number44.2675 (7.11%)
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
WACC9.52%
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 5Y6.68%
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 5Y8.16%
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 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%.