NYSE:AX

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Flawless balance sheet and good value.


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

Stable Share Price: AX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-2.1%

AX

-2.5%

US Mortgage

-1.4%

US Market


1 Year Return

-2.3%

AX

19.6%

US Mortgage

14.5%

US Market

Return vs Industry: AX underperformed the US Mortgage industry which returned 19.6% over the past year.

Return vs Market: AX underperformed the US Market which returned 14.5% over the past year.


Shareholder returns

AXIndustryMarket
7 Day-2.1%-2.5%-1.4%
30 Day-4.4%0.07%1.3%
90 Day13.0%8.2%4.6%
1 Year-2.3%-2.3%22.2%19.6%17.1%14.5%
3 Year1.4%1.4%26.8%17.8%45.1%35.7%
5 Year49.2%49.2%71.8%53.2%67.1%48.6%

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 compared to its fair value and its price relative to the market?

41.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AX ($28.81) is trading below our estimate of fair value ($49.23)

Significantly Below Fair Value: AX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AX is good value based on its PE Ratio (11.2x) compared to the Mortgage industry average (14x).

PE vs Market: AX is good value based on its PE Ratio (11.2x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: AX is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: AX is overvalued based on its PB Ratio (1.6x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

9.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AX's forecast earnings growth (9.4% per year) is above the savings rate (1.7%).

Earnings vs Market: AX's earnings (9.4% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: AX's earnings are forecast to grow, but not significantly.

Revenue vs Market: AX's revenue (9.5% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: AX's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Axos Financial performed over the past 5 years?

16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AX has high quality earnings.

Growing Profit Margin: AX's current net profit margins (32.8%) are lower than last year (37%).


Past Earnings Growth Analysis

Earnings Trend: AX's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: AX's earnings growth over the past year (1.4%) is below its 5-year average (16.2% per year).

Earnings vs Industry: AX earnings growth over the past year (1.4%) underperformed the Mortgage industry 23.1%.


Return on Equity

High ROE: AX's Return on Equity (14.3%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: AX has a low level of unsold assets or inventory.

Debt Coverage by Assets: AX's debt is not covered by short term assets (assets are 0.8x debt).


Financial Institutions Analysis

Asset Level: AX's level of assets compared to its equity is moderate.

Allowance for Bad Loans: AX has a sufficient allowance for bad loans.

Low Risk Liabilities: AX's liabilities are made up of primarily low risk sources of funding.

Loan Level: AX has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AX's loans are broadly funded by customer deposits.

Level of Bad Loans: AX has an appropriate level of bad loans (0.55%)


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

8.9yrs

Average management tenure


CEO

Greg Garrabrants (47yo)

12.2yrs

Tenure

US$4,798,326

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

Compensation vs Market: Greg's total compensation ($USD4.80M) is about average for companies of similar size in the US market ($USD3.87M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.9yrs

Average Tenure

59.5yo

Average Age

Experienced Management: AX's management team is seasoned and experienced (8.9 years average tenure).


Board Age and Tenure

8.3yrs

Average Tenure

51yo

Average Age

Experienced Board: AX's board of directors are considered experienced (8.3 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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Raymond Matsumoto (63yo)

    Executive VP & COO

    • Tenure: 1.9yrs
  • Andy Micheletti (62yo)

    Executive VP & CFO

    • Tenure: 18.7yrs
    • Compensation: US$1.70m
  • Johnny Lai

    Vice President of Corporate Development & Investor Relations

    • Tenure: 4.9yrs
  • Greg Garrabrants (47yo)

    President

    • Tenure: 12.2yrs
    • Compensation: US$4.80m
  • Tom Constantine (57yo)

    Executive VP & Chief Credit Officer

    • Tenure: 9.3yrs
    • Compensation: US$957.71k
  • Jan Durrans

    Executive VP

    • Tenure: 0yrs
  • Brian Swanson (39yo)

    Executive VP & Head of Consumer Bank

    • Tenure: 0yrs
    • Compensation: US$1.11m
  • Eshel Bar-Adon (64yo)

    Executive VP of Specialty Finance & Chief Legal Officer

    • Tenure: 8.9yrs
    • Compensation: US$1.08m
  • Derrick Walsh

    Senior VP & Chief Accounting Officer

    • Tenure: 4.8yrs
  • John Tolla

    Executive VP

    • Tenure: 0yrs

Board Members

  • Paul Grinberg (58yo)

    Independent Chairman of the Board

    • Tenure: 2.8yrs
    • Compensation: US$997.01k
  • James Black (51yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: US$325.92k
  • Nick Mosich (64yo)

    Independent Vice Chairman of the Board

    • Tenure: 9.2yrs
    • Compensation: US$429.65k
  • Ed Ratinoff (54yo)

    Independent Director

    • Tenure: 9.7yrs
    • Compensation: US$325.92k
  • Greg Garrabrants (47yo)

    President

    • Tenure: 12.2yrs
    • Compensation: US$4.80m
  • Uzair Dada (51yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$325.92k
  • Tamara Bohlig (50yo)

    Independent Director

    • Tenure: 0.3yrs
  • Jim Court (57yo)

    Independent Director

    • Tenure: 8.7yrs
    • Compensation: US$366.91k
  • James Argalas (48yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$325.92k

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$1.757b
  • Shares outstanding: 61.29m
  • Website: https://axosfinancial.com

Number of Employees


Location

  • Axos Financial, Inc.
  • 9205 West Russell Road
  • Suite 400
  • Las Vegas
  • Nevada
  • 89148
  • 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
0HKSLSE (London Stock Exchange)YesCommon StockGBUSDMar 2005

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/05 23:56
End of Day Share Price2019/12/05 00:00
Earnings2019/09/30
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.