Axis Capital Holdings Ltd
Find Ratings Reports
-0.03 |
-0.052%
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 ($mil) | 1085.66 | 1058.84 |
| EBITDA ($mil) | 134.33 | 96.63 |
| EBIT ($mil) | 128.16 | 90.67 |
| Net Income ($mil) | 95.69 | 129.46 |
| Balance Sheet | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Cash & Equiv. ($mil) | 1431.22 | 1355.48 |
| Total Assets ($mil) | 21499.64 | 21249.44 |
| Total Debt ($mil) | 993.51 | 992.36 |
| Equity ($mil) | 5892.7 | 5964.18 |
| Profitability | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Gross Profit Margin | 25.42 | 22.42 |
| EBITDA Margin | 12.37 | 9.12 |
| Operating Margin | 11.8 | 8.56 |
| Sales Turnover | 0.19 | 0.18 |
| Return on Assets | 2.09 | 2.73 |
| Return on Equity | 6.76 | 9.05 |
| Debt | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Current Ratio | 0.0 | 0.0 |
| Debt/Capital | 0.14 | 0.14 |
| Interest Expense | 12.75 | 12.91 |
| Interest Coverage | 10.05 | 7.02 |
| Share Data | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Shares outstanding (mil) | 83.2 | 90.65 |
| Div / share | 0.38 | 0.35 |
| EPS | 1.01 | 1.29 |
| Book value / share | 70.82 | 65.79 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 510351.0 | 408198.0 |
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 |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| 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. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| 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. |
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| Price/Sales |
|
Sales Growth |
|
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| 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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