AXA SA (CS.PA) Stock Fundamental Analysis
Europe • Euronext Paris • EPA:CS • FR0000120628
38.43 EUR
+0.31 (+0.81%)
Last: Jan 30, 2026, 07:00 PM
CS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 47 industry peers in the Insurance industry. CS has only an average score on both its financial health and profitability. CS has a correct valuation and a medium growth rate. Finally CS also has an excellent dividend rating. This makes CS very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
- In the past year CS was profitable.
- CS had a positive operating cash flow in the past year.
- Each year in the past 5 years CS has been profitable.
- In the past 5 years CS always reported a positive cash flow from operatings.
1.2 Ratios
- CS has a Return On Assets (1.18%) which is in line with its industry peers.
- Looking at the Return On Equity, with a value of 16.72%, CS is in the better half of the industry, outperforming 62.50% of the companies in the same industry.
- The Return On Invested Capital of CS (1.28%) is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for CS is in line with the industry average of 2.87%.
| 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
- CS's Profit Margin of 8.52% is in line compared to the rest of the industry. CS outperforms 47.92% of its industry peers.
- CS's Profit Margin has improved in the last couple of years.
- CS's Operating Margin of 11.47% is in line compared to the rest of the industry. CS outperforms 50.00% of its industry peers.
- CS's Operating Margin has improved in the last couple of years.
| 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), CS is destroying value.
- Compared to 1 year ago, CS has less shares outstanding
- Compared to 5 years ago, CS has less shares outstanding
- CS has a worse debt/assets ratio than last year.
2.2 Solvency
- CS has an Altman-Z score of 0.35. This is a bad value and indicates that CS is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.35, CS belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
- The Debt to FCF ratio of CS is 1.41, which is an excellent value as it means it would take CS, only 1.41 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 1.41, CS is doing good in the industry, outperforming 77.08% of the companies in the same industry.
- A Debt/Equity ratio of 0.65 indicates that CS is somewhat dependend on debt financing.
- CS's Debt to Equity ratio of 0.65 is in line compared to the rest of the industry. CS outperforms 47.92% of its industry peers.
- Although CS 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
WACC10.92%
2.3 Liquidity
- A Current Ratio of 0.82 indicates that CS may have some problems paying its short term obligations.
- CS's Current ratio of 0.82 is amongst the best of the industry. CS outperforms 87.50% of its industry peers.
- A Quick Ratio of 0.82 indicates that CS may have some problems paying its short term obligations.
- CS has a Quick ratio of 0.82. This is amongst the best in the industry. CS outperforms 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
- CS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.70%, which is quite good.
- The Earnings Per Share has been growing by 18.09% on average over the past years. This is quite good.
- CS shows a small growth in Revenue. In the last year, the Revenue has grown by 4.40%.
- Measured over the past years, CS shows a decrease in Revenue. The Revenue has been decreasing by -8.16% on average per year.
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 6.61% on average over the next years.
- The Revenue is expected to grow by 8.21% on average over the next years. This is quite good.
EPS Next Y12.2%
EPS Next 2Y9.08%
EPS Next 3Y8.44%
EPS Next 5Y6.61%
Revenue Next Year9.09%
Revenue Next 2Y6.99%
Revenue Next 3Y6.85%
Revenue Next 5Y8.21%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 10.25, which indicates a very decent valuation of CS.
- Based on the Price/Earnings ratio, CS is valued a bit cheaper than 77.08% of the companies in the same industry.
- CS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.32.
- The Price/Forward Earnings ratio is 9.00, which indicates a very decent valuation of CS.
- Based on the Price/Forward Earnings ratio, CS is valued a bit cheaper than 79.17% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.57, CS is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.25 | ||
| Fwd PE | 9 |
4.2 Price Multiples
- 89.58% of the companies in the same industry are more expensive than CS, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.9 | ||
| 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)0.84
PEG (5Y)0.57
EPS Next 2Y9.08%
EPS Next 3Y8.44%
5. Dividend
5.1 Amount
- CS has a Yearly Dividend Yield of 5.64%, which is a nice return.
- CS's Dividend Yield is rather good when compared to the industry average which is at 4.09. CS pays more dividend than 81.25% of the companies in the same industry.
- CS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.64% |
5.2 History
- On average, the dividend of CS 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
- CS pays out 61.79% of its income as dividend. This is not a sustainable payout ratio.
- CS's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP61.79%
EPS Next 2Y9.08%
EPS Next 3Y8.44%
AXA SA / CS.PA FAQ
What is the ChartMill fundamental rating of AXA SA (CS.PA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to CS.PA.
What is the valuation status of AXA SA (CS.PA) stock?
ChartMill assigns a valuation rating of 6 / 10 to AXA SA (CS.PA). This can be considered as Fairly Valued.
What is the profitability of CS stock?
AXA SA (CS.PA) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for CS stock?
The Price/Earnings (PE) ratio for AXA SA (CS.PA) is 10.25 and the Price/Book (PB) ratio is 1.79.
What is the financial health of AXA SA (CS.PA) stock?
The financial health rating of AXA SA (CS.PA) is 5 / 10.