NYSE:AX

Stock Analysis Report

Executive Summary

Axos Financial, Inc. operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Axos Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-8.1%

NYSE:AX

-1.2%

US Mortgage

-1.6%

US Market


1 Year Return

-34.2%

NYSE:AX

-2.8%

US Mortgage

-3.0%

US Market

AX underperformed the Mortgage industry which returned -2.8% over the past year.

AX underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

AXIndustryMarket
7 Day-8.1%-1.2%-1.6%
30 Day-9.6%-2.7%-5.7%
90 Day-14.0%-1.6%0.2%
1 Year-34.2%-34.2%-0.8%-2.8%-0.8%-3.0%
3 Year8.8%8.8%29.8%21.1%38.1%29.1%
5 Year29.4%29.4%55.3%39.0%50.8%34.1%

Price Volatility Vs. Market

How volatile is Axos Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Axos Financial undervalued based on future cash flows and its price relative to the stock market?

46%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Axos Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).

Axos Financial's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Axos Financial is good value based on earnings compared to the US Mortgage industry average.

Axos Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Axos Financial is good value based on expected growth next year.


Price Based on Value of Assets

Axos Financial is overvalued based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Axos Financial expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

13.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Axos Financial's revenue is expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).

Axos Financial's earnings are expected to grow by 13.4% yearly, however this is not considered high growth (20% yearly).

Axos Financial's revenue growth is expected to exceed the United States of America market average.

Axos Financial's earnings growth is positive but not above the United States of America market average.

Axos Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Axos Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Axos Financial performed over the past 5 years?

18.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Axos Financial's year on year earnings growth rate has been positive over the past 5 years.

Axos Financial's 1-year earnings growth is less than its 5-year average (1.8% vs 18.1%)

Axos Financial's earnings growth has not exceeded the US Mortgage industry average in the past year (1.8% vs 32.9%).


Return on Equity

Axos Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Axos Financial used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Axos Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Axos Financial'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Axos Financial has an acceptable proportion of non-loan assets held.

Axos Financial has a sufficient allowance for bad loans.

Axos Financial's liabilities are made up of primarily low risk sources of funding.

Axos Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Axos Financial are broadly funded by customer deposits.

Axos Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Axos Financial's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Axos Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Axos Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Axos Financial has not reported any payouts.

Unable to verify if Axos Financial's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Axos Financial has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

  • Explore strong dividend paying companies in the Banks industry.

Management

What is the CEO of Axos Financial's salary, the management and board of directors tenure and is there insider trading?

8.6yrs

Average management tenure


CEO

Greg Garrabrants (47yo)

11.8yrs

Tenure

US$26,975,924

Compensation

Mr. Gregory Garrabrants, also known as Greg, has been the President and Chief Executive Officer of Axos Financial, Inc. (formerly, BofI Holding, Inc.) and Axos Bank since October 2007 and as its Member of  ...


CEO Compensation Analysis

Greg's remuneration is higher than average for companies of similar size in United States of America.

Greg's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

8.6yrs

Average Tenure

57yo

Average Age

The average tenure for the Axos Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.3yrs

Average Tenure

54yo

Average Age

The tenure for the Axos Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Andy Micheletti (62yo)

    Executive VP & CFO

    • Tenure: 18.3yrs
    • Compensation: US$1.75m
  • Johnny Lai

    Vice President of Corporate Development & Investor Relations

    • Tenure: 4.6yrs
  • Greg Garrabrants (47yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$26.98m
  • Tom Constantine (57yo)

    Executive VP & Chief Credit Officer

    • Tenure: 9.0yrs
    • Compensation: US$795.86k
  • Jan Durrans

    Executive VP

    • Tenure: 0.0yrs
  • Brian Swanson (39yo)

    Executive VP & Chief Lending Officer

    • Tenure: 0.0yrs
    • Compensation: US$999.02k
  • Eshel Bar-Adon (64yo)

    Executive VP of Specialty Finance & Strategic Partnerships and Chief Legal Officer

    • Tenure: 8.6yrs
    • Compensation: US$951.09k
  • Derrick Walsh

    Senior VP & Chief Accounting Officer

    • Tenure: 4.5yrs
  • Raymond Matsumoto

    Executive VP & COO

    • Tenure: 1.6yrs
  • John Tolla

    Executive VP

    • Tenure: 0.0yrs

Board Members

  • Paul Grinberg (58yo)

    Chairman of the Board

    • Tenure: 2.5yrs
    • Compensation: US$724.58k
  • James Black (51yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$124.01k
  • Nick Mosich (64yo)

    Vice Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: US$333.16k
  • John Burke (74yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$250.24k
  • Ed Ratinoff (54yo)

    Director

    • Tenure: 9.3yrs
    • Compensation: US$250.24k
  • Greg Garrabrants (47yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$26.98m
  • Uzair Dada (51yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$250.24k
  • Jim Court (57yo)

    Director

    • Tenure: 8.3yrs
    • Compensation: US$256.24k
  • James Argalas (48yo)

    Director

    • Tenure: 8.0yrs
    • Compensation: US$321.16k

Company Information

Axos Financial, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Axos Financial, Inc.
  • Ticker: AX
  • Exchange: NYSE
  • Founded: 1999
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$1.523b
  • Shares outstanding: 61.13m
  • Website: https://axosfinancial.com

Number of Employees


Location

  • Axos Financial, Inc.
  • 4350 La Jolla Village Drive
  • Suite 140
  • San Diego
  • California
  • 92122
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2005
BB4DB (Deutsche Boerse AG)YesCommon StockDEEURMar 2005
BB4BST (Boerse-Stuttgart)YesCommon StockDEEURMar 2005

Biography

Axos Financial, Inc. operates as the holding company for BofI Federal Bank that provides consumer and business banking products in the United States. The company offers deposits products, including consume ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 00:13
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.