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EBIX INC (EBIX) Stock Fundamental Analysis

NASDAQ:EBIX - Nasdaq - US2787152063 - Common Stock - Currency: USD

1.16  -0.55 (-32.16%)

After market: 1.1603 +0 (+0.03%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to EBIX. EBIX was compared to 283 industry peers in the Software industry. There are concerns on the financial health of EBIX while its profitability can be described as average. EBIX has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year EBIX was profitable.
In the past year EBIX had a positive cash flow from operations.
Each year in the past 5 years EBIX has been profitable.
Each year in the past 5 years EBIX had a positive operating cash flow.
EBIX Yearly Net Income VS EBIT VS OCF VS FCFEBIX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M

1.2 Ratios

EBIX's Return On Assets of 0.32% is fine compared to the rest of the industry. EBIX outperforms 71.94% of its industry peers.
EBIX's Return On Equity of 0.82% is fine compared to the rest of the industry. EBIX outperforms 73.74% of its industry peers.
With an excellent Return On Invested Capital value of 13.72%, EBIX belongs to the best of the industry, outperforming 94.24% of the companies in the same industry.
EBIX had an Average Return On Invested Capital over the past 3 years of 10.38%. This is in line with the industry average of 11.91%.
The last Return On Invested Capital (13.72%) for EBIX is above the 3 year average (10.38%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.32%
ROE 0.82%
ROIC 13.72%
ROA(3y)4.81%
ROA(5y)5.26%
ROE(3y)11.98%
ROE(5y)14.6%
ROIC(3y)10.38%
ROIC(5y)10.3%
EBIX Yearly ROA, ROE, ROICEBIX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 5 10 15 20

1.3 Margins

Looking at the Profit Margin, with a value of 0.68%, EBIX is in the better half of the industry, outperforming 72.30% of the companies in the same industry.
In the last couple of years the Profit Margin of EBIX has declined.
EBIX's Operating Margin of 14.94% is amongst the best of the industry. EBIX outperforms 86.69% of its industry peers.
In the last couple of years the Operating Margin of EBIX has declined.
EBIX has a worse Gross Margin (47.00%) than 69.06% of its industry peers.
EBIX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 14.94%
PM (TTM) 0.68%
GM 47%
OM growth 3Y-24.69%
OM growth 5Y-18.1%
PM growth 3Y-28.25%
PM growth 5Y-25.95%
GM growth 3Y-21.49%
GM growth 5Y-13.45%
EBIX Yearly Profit, Operating, Gross MarginsEBIX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 20 40 60

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2

2. Health

2.1 Basic Checks

EBIX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, EBIX has more shares outstanding
The debt/assets ratio for EBIX is higher compared to a year ago.
EBIX Yearly Shares OutstandingEBIX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M
EBIX Yearly Total Debt VS Total AssetsEBIX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

2.2 Solvency

EBIX has an Altman-Z score of 1.06. This is a bad value and indicates that EBIX is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.06, EBIX is not doing good in the industry: 61.87% of the companies in the same industry are doing better.
The Debt to FCF ratio of EBIX is 30.67, which is on the high side as it means it would take EBIX, 30.67 years of fcf income to pay off all of its debts.
EBIX has a Debt to FCF ratio of 30.67. This is comparable to the rest of the industry: EBIX outperforms 49.64% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that EBIX is not too dependend on debt financing.
EBIX has a better Debt to Equity ratio (0.03) than 61.15% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 30.67
Altman-Z 1.06
ROIC/WACC2.69
WACC5.1%
EBIX Yearly LT Debt VS Equity VS FCFEBIX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M

2.3 Liquidity

EBIX has a Current Ratio of 0.41. This is a bad value and indicates that EBIX is not financially healthy enough and could expect problems in meeting its short term obligations.
EBIX has a worse Current ratio (0.41) than 95.32% of its industry peers.
A Quick Ratio of 0.41 indicates that EBIX may have some problems paying its short term obligations.
EBIX has a worse Quick ratio (0.41) than 95.32% of its industry peers.
Industry RankSector Rank
Current Ratio 0.41
Quick Ratio 0.41
EBIX Yearly Current Assets VS Current LiabilitesEBIX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M 800M

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2

3. Growth

3.1 Past

The earnings per share for EBIX have decreased strongly by -92.74% in the last year.
EBIX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -7.91% yearly.
EBIX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.72%.
Measured over the past years, EBIX shows a very strong growth in Revenue. The Revenue has been growing by 23.60% on average per year.
EPS 1Y (TTM)-92.74%
EPS 3Y-14.5%
EPS 5Y-7.91%
EPS Q2Q%-155.93%
Revenue 1Y (TTM)-30.72%
Revenue growth 3Y21.84%
Revenue growth 5Y23.6%
Sales Q2Q%-53.78%

3.2 Future

EBIX is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.98% yearly.
Based on estimates for the next years, EBIX will show a very negative growth in Revenue. The Revenue will decrease by -31.80% on average per year.
EPS Next Y-87.37%
EPS Next 2Y-17.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-42.79%
Revenue Next 2Y-31.8%
Revenue Next 3YN/A
Revenue Next 5YN/A

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 decreasing.
EBIX Yearly Revenue VS EstimatesEBIX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
EBIX Yearly EPS VS EstimatesEBIX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

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8

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 6.82, the valuation of EBIX can be described as very cheap.
96.76% of the companies in the same industry are more expensive than EBIX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of EBIX to the average of the S&P500 Index (29.62), we can say EBIX is valued rather cheaply.
The Price/Forward Earnings ratio is 0.82, which indicates a rather cheap valuation of EBIX.
100.00% of the companies in the same industry are more expensive than EBIX, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of EBIX to the average of the S&P500 Index (22.70), we can say EBIX is valued rather cheaply.
Industry RankSector Rank
PE 6.82
Fwd PE 0.82
EBIX Price Earnings VS Forward Price EarningsEBIX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EBIX indicates a rather cheap valuation: EBIX is cheaper than 97.84% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, EBIX is valued cheaply inside the industry as 99.64% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 1.74
EV/EBITDA 4.14
EBIX Per share dataEBIX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

The decent profitability rating of EBIX may justify a higher PE ratio.
A cheap valuation may be justified as EBIX's earnings are expected to decrease with -17.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-17.98%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

EBIX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EBIX INC

NASDAQ:EBIX (12/27/2023, 8:25:48 PM)

After market: 1.1603 +0 (+0.03%)

1.16

-0.55 (-32.16%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-14 2023-11-14/bmo
Earnings (Next)03-13 2024-03-13/amc
Inst Owners0.52%
Inst Owner Change0%
Ins Owners25.36%
Ins Owner Change0%
Market Cap35.84M
Analysts85.71
Price Target15.05 (1197.41%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0.3
Dividend Growth(5Y)0.25%
DP46%
Div Incr Years0
Div Non Decr Years9
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-313.68%
Min EPS beat(2)-531.37%
Max EPS beat(2)-96%
EPS beat(4)0
Avg EPS beat(4)-178.32%
Min EPS beat(4)-531.37%
Max EPS beat(4)-32.69%
EPS beat(8)2
Avg EPS beat(8)-91.14%
EPS beat(12)3
Avg EPS beat(12)-65.24%
EPS beat(16)4
Avg EPS beat(16)-45.59%
Revenue beat(2)0
Avg Revenue beat(2)-15.05%
Min Revenue beat(2)-24.13%
Max Revenue beat(2)-5.97%
Revenue beat(4)0
Avg Revenue beat(4)-8.43%
Min Revenue beat(4)-24.13%
Max Revenue beat(4)-0.34%
Revenue beat(8)3
Avg Revenue beat(8)5.53%
Revenue beat(12)6
Avg Revenue beat(12)7.6%
Revenue beat(16)7
Avg Revenue beat(16)6.13%
PT rev (1m)0%
PT rev (3m)-33.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-50%
EPS NY rev (1m)0%
EPS NY rev (3m)-45.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.76%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.67%
Valuation
Industry RankSector Rank
PE 6.82
Fwd PE 0.82
P/S 0.05
P/FCF 1.74
P/OCF 1
P/B 0.06
P/tB N/A
EV/EBITDA 4.14
EPS(TTM)0.17
EY14.66%
EPS(NY)1.41
Fwd EY121.78%
FCF(TTM)0.67
FCFY57.47%
OCF(TTM)1.16
OCFY100.16%
SpS23.81
BVpS19.78
TBVpS-11.2
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.32%
ROE 0.82%
ROCE 15.78%
ROIC 13.72%
ROICexc 15.67%
ROICexgc N/A
OM 14.94%
PM (TTM) 0.68%
GM 47%
FCFM 2.8%
ROA(3y)4.81%
ROA(5y)5.26%
ROE(3y)11.98%
ROE(5y)14.6%
ROIC(3y)10.38%
ROIC(5y)10.3%
ROICexc(3y)12%
ROICexc(5y)11.71%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)11.77%
ROCE(5y)11.72%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y20.04%
ROICexc growth 5Y10.36%
OM growth 3Y-24.69%
OM growth 5Y-18.1%
PM growth 3Y-28.25%
PM growth 5Y-25.95%
GM growth 3Y-21.49%
GM growth 5Y-13.45%
F-Score5
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.03
Debt/FCF 30.67
Debt/EBITDA 0.12
Cap/Depr 70.18%
Cap/Sales 2.08%
Interest Coverage 1.86
Cash Conversion 27.26%
Profit Quality 412%
Current Ratio 0.41
Quick Ratio 0.41
Altman-Z 1.06
F-Score5
WACC5.1%
ROIC/WACC2.69
Cap/Depr(3y)75.83%
Cap/Depr(5y)84.35%
Cap/Sales(3y)1.64%
Cap/Sales(5y)2.07%
Profit Quality(3y)89.22%
Profit Quality(5y)78.73%
High Growth Momentum
Growth
EPS 1Y (TTM)-92.74%
EPS 3Y-14.5%
EPS 5Y-7.91%
EPS Q2Q%-155.93%
EPS Next Y-87.37%
EPS Next 2Y-17.98%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-30.72%
Revenue growth 3Y21.84%
Revenue growth 5Y23.6%
Sales Q2Q%-53.78%
Revenue Next Year-42.79%
Revenue Next 2Y-31.8%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-10.65%
EBIT growth 3Y-8.24%
EBIT growth 5Y1.22%
EBIT Next Year21.62%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.55%
FCF growth 3Y5.41%
FCF growth 5Y-3.37%
OCF growth 1Y-47.51%
OCF growth 3Y8.47%
OCF growth 5Y0.21%