Axis Capital Holdings Ltd

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AXS : NYSE : Financial
$55.08 up 0.29 | 0.53%
Today's Range: 54.55 - 55.09
Avg. Daily Volume: 433,500
09/28/16 - 3:05 PM ET

Financial Analysis


AXIS CAPITAL HOLDINGS LTD's gross profit margin for the second quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago.

During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)1058.841022.13
EBITDA ($mil)96.63121.92
EBIT ($mil)90.67118.23
Net Income ($mil)129.4673.37


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)1355.481754.57
Total Assets ($mil)21249.4420704.88
Total Debt ($mil)992.36991.3
Equity ($mil)5964.185948.56


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin22.4225.31
EBITDA Margin9.1211.92
Operating Margin8.5611.57
Sales Turnover0.180.2
Return on Assets2.733.39
Return on Equity9.0511.12
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Debt/Capital0.140.14
Interest Expense12.9112.94
Interest Coverage7.029.14


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)90.65100.28
Div / share0.350.29
EPS1.290.63
Book value / share65.7959.32
Institutional Own % n/a n/a
Avg Daily Volume446957.0496039.0

Valuation


BUY. AXIS CAPITAL HOLDINGS LTD's P/E ratio indicates a significant discount compared to an average of 42.44 for the Insurance industry and a significant discount compared to the S&P 500 average of 25.19. Conducting a second comparison, its price-to-book ratio of 0.85 indicates a significant discount versus the S&P 500 average of 2.82 and a discount versus the industry average of 1.57. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, AXIS CAPITAL HOLDINGS LTD proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
AXS 9.99 Peers 42.44   AXS 7.18 Peers 11.90

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

AXS is trading at a significant discount to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

AXS is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
AXS 13.13 Peers 14.88   AXS NM Peers 2.00

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

AXS is trading at a valuation on par with its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

AXS's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AXS 0.85 Peers 1.57   AXS -13.34 Peers -5.86

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

AXS is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, AXS is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
AXS 1.33 Peers 1.41   AXS -7.90 Peers 4.35

Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

AXS is trading at a valuation on par with its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

AXS significantly trails its peers on the basis of sales growth

 

 

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