Axis Capital Holdings Ltd

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AXS : NYSE : Financial
$65.0 up 0.28 | 0.43%
Today's Range: 64.39 - 65.04
Avg. Daily Volume: 415400.0
07/21/17 - 4:01 PM ET

Financial Analysis


AXIS CAPITAL HOLDINGS LTD's gross profit margin for the first 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.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.70% from the same quarter last year.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)1008.53884.79
EBITDA ($mil)57.0160.59
EBIT ($mil)50.5455.3
Net Income ($mil)19.8648.39


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)1794.691273.36
Total Assets ($mil)21246.9720978.19
Total Debt ($mil)993.23992.09
Equity ($mil)6230.375950.26


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin21.023.19
EBITDA Margin5.656.84
Operating Margin5.016.25
Sales Turnover0.190.18
Return on Assets2.282.49
Return on Equity6.958.13
Debt Q1 FY17 Q1 FY16
Current Ratio0.00.0
Debt/Capital0.140.14
Interest Expense12.7912.83
Interest Coverage3.954.31


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)85.1792.9
Div / share0.380.35
EPS0.060.41
Book value / share73.1564.05
Institutional Own % n/a n/a
Avg Daily Volume408265.0475977.0

Valuation


BUY. AXIS CAPITAL HOLDINGS LTD's P/E ratio indicates a significant discount compared to an average of 29.76 for the Insurance industry and a significant discount compared to the S&P 500 average of 24.41. Conducting a second comparison, its price-to-book ratio of 0.87 indicates a significant discount versus the S&P 500 average of 3.04 and a discount versus the industry average of 1.89. 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 13.35 Peers 29.76   AXS 14.43 Peers 11.50

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.

 

Premium. 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 premium 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 13.47 Peers 16.10   AXS NM Peers 2.42

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 0.87 Peers 1.89   AXS -2.84 Peers 19.74

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 1.32 Peers 1.49   AXS 9.42 Peers 12.52

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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