AXIS Capital Holdings Ltd.
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AXIS CAPITAL HOLDINGS LTD's gross profit margin for the fourth quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line.
During the same period, stockholders' equity ("net worth") has decreased by 14.84% from the same quarter last year.
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Income Statement | Q4 FY17 | Q4 FY16 |
---|---|---|
Net Sales ($mil) | 1358.62 | 999.54 |
EBITDA ($mil) | 147.6 | 115.66 |
EBIT ($mil) | 85.4 | 108.46 |
Net Income ($mil) | -27.43 | 148.91 |
Balance Sheet | Q4 FY17 | Q4 FY16 |
---|---|---|
Cash & Equiv. ($mil) | 1932.11 | 1674.94 |
Total Assets ($mil) | 24760.18 | 20813.69 |
Total Debt ($mil) | 1376.53 | 992.95 |
Equity ($mil) | 5341.26 | 6272.37 |
Profitability | Q4 FY17 | Q4 FY16 |
---|---|---|
Gross Profit Margin | 20.89 | 27.17 |
EBITDA Margin | 10.86 | 11.57 |
Operating Margin | 6.29 | 10.85 |
Sales Turnover | 0.18 | 0.19 |
Return on Assets | -1.49 | 2.46 |
Return on Equity | -7.78 | 7.44 |
Debt | Q4 FY17 | Q4 FY16 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.2 | 0.14 |
Interest Expense | 16.43 | 12.77 |
Interest Coverage | 5.2 | 8.49 |
Share Data | Q4 FY17 | Q4 FY16 |
---|---|---|
Shares outstanding (mil) | 83.16 | 86.44 |
Div / share | 0.77 | 0.38 |
EPS | -0.46 | 1.48 |
Book value / share | 64.23 | 72.56 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1084256.0 | 834500.0 |
HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 0.87 indicates a significant discount versus the S&P 500 average of 3.18 and a discount versus the industry average of 1.98. The current price-to-sales ratio is well below the S&P 500 average and is also below the industry average, indicating a discount. After reviewing these and other key valuation criteria, AXIS CAPITAL HOLDINGS LTD proves to trade at a discount to investment alternatives within the industry.
Price/Earnings |
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Price/Cash Flow |
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AXS NM | Peers 21.30 | AXS 17.88 | Peers 20.51 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. AXS's P/E is negative making this valuation measure meaningless. |
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 discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AXS 11.47 | Peers 14.35 | AXS NA | Peers 2.18 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. AXS is trading at a discount to 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. Ratio not available. |
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Price/Book |
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Earnings Growth |
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AXS 0.87 | Peers 1.98 | AXS -197.27 | Peers -8.53 | |||||||||||||||||||||
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. |
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Price/Sales |
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Sales Growth |
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AXS 1.01 | Peers 1.50 | AXS 14.25 | Peers 9.82 | |||||||||||||||||||||
Discount. 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 significant discount to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. AXS has a sales growth rate that significantly exceeds its peers. |
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