Axis Capital Holdings Ltd

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AXS : NYSE : Financial
$53.81 up 0.03 | 0.06%
Today's Range: 53.84 - 54.18
Avg. Daily Volume: 507,700
07/26/16 - 11:20 AM ET

Financial Analysis


AXIS CAPITAL HOLDINGS LTD's gross profit margin for the first quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the industry, the revenue growth did not.

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

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)884.79961.28
EBITDA ($mil)60.59127.75
EBIT ($mil)55.3121.17
Net Income ($mil)48.39165.83


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)1273.361811.64
Total Assets ($mil)20978.1920458.82
Total Debt ($mil)992.09991.05
Equity ($mil)5950.265977.16


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin23.1928.86
EBITDA Margin6.8413.28
Operating Margin6.2512.61
Sales Turnover0.180.21
Return on Assets2.494.05
Return on Equity8.1313.2
Debt Q1 FY16 Q1 FY15
Current Ratio0.00.0
Debt/Capital0.140.14
Interest Expense12.8312.26
Interest Coverage4.319.89


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)92.9100.22
Div / share0.350.29
EPS0.411.54
Book value / share64.0559.64
Institutional Own % n/a n/a
Avg Daily Volume504651.0510201.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 15.99 for the Insurance industry and a significant discount compared to the S&P 500 average of 25.05. Conducting a second comparison, its price-to-book ratio of 0.83 indicates a significant discount versus the S&P 500 average of 2.81 and a discount versus the industry average of 1.55. 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 10.74 Peers 15.99   AXS 6.33 Peers 12.79

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 12.04 Peers 14.71   AXS NM Peers 1.76

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 0.83 Peers 1.55   AXS -35.22 Peers 39.96

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 1.30 Peers 1.45   AXS -11.53 Peers -2.98

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 discount to 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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