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EBIX INC (EBIX) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:EBIX - US2787152063 - Common Stock

1.16 USD
-0.55 (-32.16%)
Last: 12/27/2023, 8:25:48 PM
1.1603 USD
+0 (+0.03%)
After Hours: 12/27/2023, 8:25:48 PM
Fundamental Rating

3

EBIX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 277 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

4

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.
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 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M

1.2 Ratios

  • The Return On Assets of EBIX (0.32%) is better than 71.94% of its industry peers.
  • The Return On Equity of EBIX (0.82%) is better than 73.74% of its industry peers.
  • EBIX's Return On Invested Capital of 13.72% is amongst the best of the industry. EBIX outperforms 94.24% of its industry peers.
  • 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 10.78%.
  • 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 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.
  • The Operating Margin of EBIX (14.94%) is better than 86.69% of its industry peers.
  • EBIX's Operating Margin has declined in the last couple of years.
  • 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 2016 2017 2018 2019 2020 2021 2022 20 40 60

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2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so EBIX is creating value.
  • Compared to 1 year ago, EBIX has more shares outstanding
  • Compared to 1 year ago, EBIX has a worse debt to assets ratio.
EBIX Yearly Shares OutstandingEBIX Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 500M 1B 1.5B

2.2 Solvency

  • Based on the Altman-Z score of 1.06, we must say that EBIX is in the distress zone and has some risk of bankruptcy.
  • EBIX has a Altman-Z score of 1.06. This is in the lower half of the industry: EBIX underperforms 61.87% of its industry peers.
  • EBIX has a debt to FCF ratio of 30.67. This is a negative value and a sign of low solvency as EBIX would need 30.67 years to pay back of all of its debts.
  • The Debt to FCF ratio of EBIX (30.67) is comparable to the rest of the industry.
  • EBIX has a Debt/Equity ratio of 0.03. This is a healthy value indicating a solid balance between debt and equity.
  • 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 2016 2017 2018 2019 2020 2021 2022 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 0.41 indicates that EBIX may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.41, EBIX is doing worse than 95.32% of the companies in the same industry.
  • A Quick Ratio of 0.41 indicates that EBIX may have some problems paying its short term obligations.
  • EBIX's Quick ratio of 0.41 is on the low side compared to the rest of the industry. EBIX is outperformed by 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 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.
  • The Earnings Per Share has been decreasing by -7.91% on average over the past years.
  • EBIX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.72%.
  • The Revenue has been growing by 23.60% on average over the past years. This is a very strong growth!
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

  • Based on estimates for the next years, EBIX will show a very negative growth in Earnings Per Share. The EPS will decrease by -17.98% on average per year.
  • EBIX is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -31.80% yearly.
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

  • 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 decreasing.
EBIX Yearly Revenue VS EstimatesEBIX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3

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7

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.
  • EBIX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.94.
  • A Price/Forward Earnings ratio of 0.82 indicates a rather cheap valuation of EBIX.
  • Based on the Price/Forward Earnings ratio, EBIX is valued cheaper than 100.00% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.94. EBIX is valued rather cheaply when compared to this.
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

  • EBIX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. EBIX is cheaper than 97.84% of the companies in the same industry.
  • EBIX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. EBIX is cheaper than 99.64% of the companies in the same industry.
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

  • 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

  • No dividends for EBIX!.
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 IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-14
Earnings (Next)03-13
Inst Owners0.52%
Inst Owner Change0%
Ins Owners25.36%
Ins Owner Change0%
Market Cap35.84M
Revenue(TTM)735.60M
Net Income(TTM)5.00M
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
Graham NumberN/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%
ROICexgc growth 3YN/A
ROICexgc 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%

EBIX INC / EBIX FAQ

What is the fundamental rating for EBIX stock?

ChartMill assigns a fundamental rating of 4 / 10 to EBIX.


Can you provide the valuation status for EBIX INC?

ChartMill assigns a valuation rating of 8 / 10 to EBIX INC (EBIX). This can be considered as Undervalued.


What is the profitability of EBIX stock?

EBIX INC (EBIX) has a profitability rating of 6 / 10.


Can you provide the expected EPS growth for EBIX stock?

The Earnings per Share (EPS) of EBIX INC (EBIX) is expected to decline by -87.37% in the next year.


How sustainable is the dividend of EBIX INC (EBIX) stock?

The dividend rating of EBIX INC (EBIX) is 0 / 10 and the dividend payout ratio is 46%.