Axis Capital Holdings Ltd

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AXS : NYSE : Financial
$57.61 -0.03 | -0.052%
Today's Range: 57.2132 - 57.95
Avg. Daily Volume: 517600.0
09/19/17 - 11:39 AM ET

Financial Analysis


AXIS CAPITAL HOLDINGS LTD's gross profit margin for the second quarter of its fiscal year 2017 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 1.19% from the same quarter last year.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)1085.661058.84
EBITDA ($mil)134.3396.63
EBIT ($mil)128.1690.67
Net Income ($mil)95.69129.46


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)1431.221355.48
Total Assets ($mil)21499.6421249.44
Total Debt ($mil)993.51992.36
Equity ($mil)5892.75964.18


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin25.4222.42
EBITDA Margin12.379.12
Operating Margin11.88.56
Sales Turnover0.190.18
Return on Assets2.092.73
Return on Equity6.769.05
Debt Q2 FY17 Q2 FY16
Current Ratio0.00.0
Debt/Capital0.140.14
Interest Expense12.7512.91
Interest Coverage10.057.02


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)83.290.65
Div / share0.380.35
EPS1.011.29
Book value / share70.8265.79
Institutional Own % n/a n/a
Avg Daily Volume510351.0408198.0

Valuation


BUY. AXIS CAPITAL HOLDINGS LTD's P/E ratio indicates a significant discount compared to an average of 49.29 for the Insurance industry and a significant discount compared to the S&P 500 average of 24.88. Conducting a second comparison, its price-to-book ratio of 0.82 indicates a significant discount versus the S&P 500 average of 3.10 and a discount versus the industry average of 1.86. 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 12.84 Peers 49.29   AXS 9.98 Peers 12.46

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 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 12.48 Peers 15.46   AXS NM Peers 1.93

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 0.82 Peers 1.86   AXS -19.33 Peers 207.04

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 1.16 Peers 1.49   AXS 9.07 Peers 11.38

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 trails its peers on the basis of sales growth

 

 

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