Executive Summary
AXA SA, through its subsidiaries, provides insurance and asset management services worldwide.
Snowflake
Fundamentals
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has AXA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.2%
CS
0.5%
FR Insurance
-0.4%
FR Market
1 Year Return
7.0%
CS
3.5%
FR Insurance
9.5%
FR Market
Return vs Industry: CS exceeded the French Insurance industry which returned 3.5% over the past year.
Return vs Market: CS underperformed the French Market which returned 9.5% over the past year.
Shareholder returns
| CS | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 0.5% | -0.4% |
| 30 Day | 4.5% | 2.4% | -0.6% |
| 90 Day | 1.5% | -1.4% | 0.04% |
| 1 Year | 13.4%7.0% | 9.2%3.5% | 13.3%9.5% |
| 3 Year | 36.5%16.5% | 37.7%18.4% | 42.5%28.7% |
| 5 Year | 71.8%33.6% | 69.3%32.4% | 71.0%45.0% |
Price Volatility Vs. Market
How volatile is AXA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Should You Be Tempted To Sell AXA SA (EPA:CS) Because Of Its P/E Ratio?3 weeks ago | Simply Wall St
Is AXA SA (EPA:CS) A Risky Dividend Stock?1 month ago | Simply Wall St
At €21.41, Is It Time To Put AXA SA (EPA:CS) On Your Watch List?Valuation
Is AXA undervalued compared to its fair value and its price relative to the market?
42.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: CS (€23.93) is trading below our estimate of fair value (€41.51)
Significantly Undervalued: CS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CS is poor value based on its PE Ratio (40.9x) compared to the Insurance industry average (19.7x).
PE vs Market: CS is poor value based on its PE Ratio (40.9x) compared to the French market (17.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: CS is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: CS is good value based on its PB Ratio (0.9x) compared to the FR Insurance industry average (0.9x).
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Future Growth
How is AXA forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CS's forecast earnings growth (16.1% per year) is above the savings rate (0.7%).
Earnings vs Market: CS's earnings (16.1% per year) are forecast to grow faster than the French market (11.5% per year).
High Growth Earnings: CS's earnings are forecast to grow, but not significantly.
Revenue vs Market: CS's revenue is expected to decline over the next 3 years (-1.2% per year).
High Growth Revenue: CS's revenue is forecast to decline over the next 3 years (-1.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: CS's Return on Equity is forecast to be low in 3 years time (11.2%).
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Past Performance
How has AXA performed over the past 5 years?
-8.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CS's earnings have declined by -8.6% per year over the past 5 years.
Accelerating Growth: CS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CS had negative earnings growth (-74.7%) over the past year, making it difficult to compare to the Insurance industry average (5.9%).
Return on Equity
High ROE: CS's Return on Equity (-1%) is considered low.
Return on Assets
ROA vs Industry: CS's Return on Assets is below or equal to the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: CS's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is AXA's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CS has a low level of unsold assets or inventory.
Debt Coverage by Assets: CS's debt is covered by short term assets (assets are 1.951220x debt).
Financial Institutions Analysis
Asset Level: CS's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CS has a sufficient allowance for bad loans.
Low Risk Liabilities: CS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CS has an appropriate level of bad loans.
Next Steps
Dividend
What is AXA's current dividend yield, its reliability and sustainability?
5.60%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CS's dividend (5.6%) is higher than the bottom 25% of dividend payers in the French market (1.56%).
High Dividend: CS's dividend (5.6%) is in the top 25% of dividend payers in the French market (4.72%)
Stable Dividend: CS's dividends per share have been stable in the past 10 years.
Growing Dividend: CS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (229%), CS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CS's dividends in 3 years are forecast to be covered by earnings (57.4% payout ratio).
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Management
What is the CEO of AXA's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
Thomas Buberl (46yo)
3.1yrs
Tenure
€5,042,394
Compensation
Dr. Thomas Buberl, Ph.D. served as Chairman of the Board at AXA Equitable Holdings, Inc., since November 2017 until March 2019 and has been its Director since September 2016. He has been Chief Executive Of ...
CEO Compensation Analysis
Compensation vs. Market: Thomas's total compensation ($USD5.62M) is about average for companies of similar size in the French market ($USD3.60M).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.5yrs
Average Tenure
55.5yo
Average Age
Experienced Management: CS's management team is considered experienced (2.5 years average tenure).
Board Age and Tenure
7.5yrs
Average Tenure
64.5yo
Average Age
Experienced Board: CS's board of directors are considered experienced (7.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Gérald Harlin (64yo)
Deputy CEO & CFO
- Tenure: 9.8yrs
- Compensation: €1.08m
Alban de Mailly Nesle (49yo)
Chief Risk & Investment Officer
- Tenure: 0.08yrs
Thomas Buberl (46yo)
CEO & Director
- Tenure: 3.1yrs
- Compensation: €5.04m
Doina Palici-Chehab (62yo)
Employee Shareholders' Representative Director
- Tenure: 7.5yrs
- Compensation: €108.07k
Andrew Wallace-Barnett
Senior VP & Head of Investor Relations
- Tenure: 5.8yrs
Helen Browne
Group General Counsel
- Tenure: 3.3yrs
Nicolas Leclercq
Head of Group Corporate Finance & Treasury
- Tenure: 0yrs
Astrid Stange
Chief Operating Officer
- Tenure: 1.8yrs
Marc Blottière
Group Chief Information Officer
- Tenure: 1.8yrs
Ulrike Decoene
Group Head of Communications & Brand
- Tenure: 0.6yrs
Board Members
Claude Bébéar (84yo)
Honorary Chairman
- Tenure: 9.5yrs
Denis Pierre Duverne (66yo)
Chairman of the Board
- Tenure: 1.5yrs
Ramon de Oliveira-Cezar (65yo)
Independent Director
- Tenure: 10.5yrs
- Compensation: €179.08k
Stefan Lippe (64yo)
Independent Director
- Tenure: 7.5yrs
- Compensation: €215.76k
Jean-Pierre Clamadieu (61yo)
Senior Independent Director
- Tenure: 0.5yrs
- Compensation: €103.09k
François Martineau (68yo)
Director
- Tenure: 11.5yrs
- Compensation: €81.36k
Jean-Denis Talon (78yo)
Chairman of AXA Canada Operations
- Tenure: 0yrs
Thomas Buberl (46yo)
CEO & Director
- Tenure: 3.1yrs
- Compensation: €5.04m
Doina Palici-Chehab (62yo)
Employee Shareholders' Representative Director
- Tenure: 7.5yrs
- Compensation: €108.07k
Jacques de Peretti (59yo)
Chairman & CEO of AXA France
- Tenure: 1.3yrs
Company Information
AXA SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: AXA SA
- Ticker: CS
- Exchange: ENXTPA
- Founded: 1852
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: €57.082b
- Shares outstanding: 2.39b
- Website: https://www.axa.com
Number of Employees
Location
- AXA SA
- 25, avenue Matignon
- Paris
- Ile-de-France
- 75008
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 0HAR | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1980 |
| CS | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1980 |
| CS | ENXTPA (Euronext Paris) | Yes | Ordinary Shares | FR | EUR | Jan 1980 |
| AXA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1980 |
| AXA N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 1980 |
| CS | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Jan 1980 |
| AXAH.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1980 |
| AXA | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1980 |
| AXA | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1980 |
| CSP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1980 |
| AXAA | DB (Deutsche Boerse AG) | SPONSORED ADR | DE | EUR | Jun 1996 | |
| AXAH.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jun 1996 |
Biography
AXA SA, through its subsidiaries, provides insurance and asset management services worldwide. It operates in seven segments: France, Europe, Asia, AXA XL, the United States, International, and Transversal ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:40 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.