Stock Analysis Report

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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 with solid track record.

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's share price has been volatile over the past 3 months.

Market Performance

7 Day Return




US Mortgage


US Market

1 Year Return




US Mortgage


US Market

Return vs Industry: AX exceeded the US Mortgage industry which returned -26.7% over the past year.

Return vs Market: AX underperformed the US Market which returned 6% over the past year.

Shareholder returns

7 Day-4.2%1.4%1.7%
30 Day-20.8%16.2%-0.5%
90 Day-1.8%46.7%17.8%
1 Year-25.3%-25.3%-24.7%-26.7%8.2%6.0%
3 Year-16.0%-16.0%37.3%27.5%36.3%27.4%
5 Year-28.0%-28.0%-4.3%-14.7%63.0%45.0%

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


Is Axos Financial undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AX ($19.99) is trading below our estimate of fair value ($25.82)

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 (6.9x) compared to the Mortgage industry average (10.9x).

PE vs Market: AX is good value based on its PE Ratio (6.9x) compared to the US market (16.1x).

Price to Earnings Growth Ratio

PEG Ratio: AX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: AX is overvalued based on its PB Ratio (1x) compared to the US Mortgage industry average (0.8x).

Next Steps

Future Growth

How is Axos Financial forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AX's earnings are forecast to decline over the next 3 years (-23.4% per year).

Earnings vs Market: AX's earnings are forecast to decline over the next 3 years (-23.4% per year).

High Growth Earnings: AX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AX's revenue is expected to decline over the next 3 years (-5.6% per year).

High Growth Revenue: AX's revenue is forecast to decline over the next 3 years (-5.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AX's Return on Equity is forecast to be low in 3 years time (9.1%).

Next Steps

Past Performance

How has Axos Financial performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AX has high quality earnings.

Growing Profit Margin: AX's current net profit margins (34.3%) are higher than last year (34.1%).

Past Earnings Growth Analysis

Earnings Trend: AX's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: AX's earnings growth over the past year (17.9%) exceeds its 5-year average (13.3% per year).

Earnings vs Industry: AX earnings growth over the past year (17.9%) exceeded the Mortgage industry 4.5%.

Return on Equity

High ROE: AX's Return on Equity (15.1%) is considered low.

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

Financial Institutions Analysis

Asset Level: AX's Assets to Equity ratio (10.3x) is moderate.

Allowance for Bad Loans: AX has a sufficient allowance for bad loans (150%).

Low Risk Liabilities: 87% of AX's liabilities are made up of primarily low risk sources of funding.

Loan Level: AX has an appropriate level of Loans to Assets ratio (87%).

Low Risk Deposits: AX's Loans to Deposits ratio (110%) is appropriate.

Level of Bad Loans: AX has an appropriate level of bad loans (0.5%).

Next Steps


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

Dividend Yield vs Market

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

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


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Greg Garrabrants (48yo)





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 ($USD4.80M) is above average for companies of similar size in the US market ($USD3.16M).

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

Leadership Team

Gregory Garrabrants
President12.75yrsUS$4.80m2.6% $31.0m
Andrew Micheletti
Executive VP & CFO19.25yrsUS$1.70m0.91% $10.8m
Eshel Bar-Adon
Executive VP of Specialty Finance & Chief Legal Officer9.5yrsUS$1.08m0.16% $1.9m
Brian Swanson
Executive VP & Head of Consumer Bankno dataUS$1.11m0.037% $442.5k
Raymond Matsumoto
Executive VP & COO2.5yrsno data0.0049% $58.6k
Derrick Walsh
Senior VP & Chief Accounting Officer5.42yrsno data0.023% $277.4k
Johnny Lai
Vice President of Corporate Development & Investor Relations5.5yrsno datano data
John Tolla
Executive VPno datano data0.017% $197.1k
Jan Durrans
Executive VPno datano datano data
Craig Cross
Chief Operating Officer of 1st Mortgage Lendingno dataUS$223.52kno data


Average Tenure


Average Age

Experienced Management: AX's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Gregory Garrabrants
President12.75yrsUS$4.80m2.6% $31.0m
Paul Grinberg
Independent Chairman of the Board3.42yrsUS$997.01k0.20% $2.4m
James Black
Independent Director2.75yrsUS$325.92k0.013% $151.6k
Nicholas Mosich
Independent Vice Chairman of the Board9.75yrsUS$429.65k0.16% $1.9m
Edward Ratinoff
Independent Director10.25yrsUS$325.92k0.063% $750.7k
Uzair Dada
Independent Director5.5yrsUS$325.92k0.022% $267.8k
Tamara Bohlig
Independent Director0.92yrno datano data
James Court
Independent Director9.25yrsUS$366.91k0.062% $738.5k
James Argalas
Independent Director8.92yrsUS$325.92k0.099% $1.2m


Average Tenure


Average Age

Experienced Board: AX's board of directors are considered experienced (8.9 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

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$1.193b
  • Shares outstanding: 59.66m
  • Website: https://axosfinancial.com

Number of Employees


  • Axos Financial, Inc.
  • 9205 West Russell Road
  • Suite 400
  • Las Vegas
  • Nevada
  • 89148
  • United States


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


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 business checking, demand, savings, time deposit, and money market accounts. It also provides single family and multifamily mortgage secured lending products; commercial real estate secured loans; automobile and RV secured loans; factoring loans; commercial and industrial loans and leases; and other loans, such as unsecured consumer loans, and other small balance business and consumer loans. In addition, the company offers commercial lending, specialty finance factoring, and overdraft lines of credit, as well as fixed rate term unsecured loans to individual borrowers. Further, it provides prepaid card and refund transfer, debit card or ATM card, portfolio management, online bill payment, money transfer, overdraft protection, online and mobile banking, and text message banking services. Additionally, the company offers concierge banking services, bankruptcy and non-bankruptcy trustee and fiduciary services, mobile deposit services, peer to peer payment services, interbank transfer services, digital wallets, securities clearing services, and digital investment advisory services, as well as introduces broker-dealers and registered investment advisor correspondents. The company was formerly known as BofI Holding, Inc. and changed its name to Axos Financial, Inc. in September 2018. Axos Financial, Inc. was incorporated in 1999 and is headquartered in Las Vegas, Nevada. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/08 23:57
End of Day Share Price2020/07/08 00:00
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.