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Axon Enterprise

Nasdaq:AAXN
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAXN
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The last earnings update was 24 days ago. More info.


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AAXN Share Price and Events
7 Day Returns
8.5%
NasdaqGS:AAXN
-0.3%
US Aerospace & Defense
-1.1%
US Market
1 Year Returns
37.3%
NasdaqGS:AAXN
-9.6%
US Aerospace & Defense
6.4%
US Market
AAXN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Axon Enterprise (AAXN) 8.5% -6.2% 24.6% 37.3% 184.9% 184.1%
US Aerospace & Defense -0.3% -4.1% 14.4% -9.6% 38.8% 49.7%
US Market -1.1% 0.3% 16.7% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • AAXN outperformed the Aerospace & Defense industry which returned -9.6% over the past year.
  • AAXN outperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
AAXN
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Axon Enterprise to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Axon Enterprise.

NasdaqGS:AAXN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:AAXN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.914 (1 + (1- 21%) (0%))
0.942
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.942 * 5.96%)
8.34%

Discounted Cash Flow Calculation for NasdaqGS:AAXN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Axon Enterprise is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:AAXN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.34%)
2019 31.15 Analyst x3 28.75
2020 63.73 Analyst x2 54.29
2021 81.35 Est @ 27.66% 63.97
2022 97.77 Est @ 20.18% 70.95
2023 112.38 Est @ 14.94% 75.27
2024 125.05 Est @ 11.28% 77.31
2025 135.95 Est @ 8.71% 77.58
2026 145.36 Est @ 6.92% 76.55
2027 153.59 Est @ 5.66% 74.66
2028 160.93 Est @ 4.78% 72.20
Present value of next 10 years cash flows $671.53
NasdaqGS:AAXN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $160.93 × (1 + 2.73%) ÷ (8.34% – 2.73%)
$2,944.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,944.43 ÷ (1 + 8.34%)10
$1,321.04
NasdaqGS:AAXN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $671.53 + $1,321.04
$1,992.57
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,992.57 / 58.83
$33.87
NasdaqGS:AAXN Discount to Share Price
Calculation Result
Value per share (USD) From above. $33.87
Current discount Discount to share price of $52.05
= -1 x ($52.05 - $33.87) / $33.87
-53.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Axon Enterprise is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Axon Enterprise's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Axon Enterprise's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AAXN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.52
NasdaqGS:AAXN Share Price ** NasdaqGS (2019-03-22) in USD $52.05
United States of America Aerospace & Defense Industry PE Ratio Median Figure of 41 Publicly-Listed Aerospace & Defense Companies 20.99x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.15x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Axon Enterprise.

NasdaqGS:AAXN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AAXN Share Price ÷ EPS (both in USD)

= 52.05 ÷ 0.52

100.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axon Enterprise is overvalued based on earnings compared to the US Aerospace & Defense industry average.
  • Axon Enterprise is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Axon Enterprise's expected growth come at a high price?
Raw Data
NasdaqGS:AAXN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 100.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
27.3%per year
United States of America Aerospace & Defense Industry PEG Ratio Median Figure of 34 Publicly-Listed Aerospace & Defense Companies 1.68x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

NasdaqGS:AAXN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 100.5x ÷ 27.3%

3.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axon Enterprise is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Axon Enterprise's assets?
Raw Data
NasdaqGS:AAXN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $7.95
NasdaqGS:AAXN Share Price * NasdaqGS (2019-03-22) in USD $52.05
United States of America Aerospace & Defense Industry PB Ratio Median Figure of 56 Publicly-Listed Aerospace & Defense Companies 2.53x
United States of America Market PB Ratio Median Figure of 5,164 Publicly-Listed Companies 1.84x
NasdaqGS:AAXN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AAXN Share Price ÷ Book Value per Share (both in USD)

= 52.05 ÷ 7.95

6.55x

* Primary Listing of Axon Enterprise.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Axon Enterprise is overvalued based on assets compared to the US Aerospace & Defense industry average.
X
Value checks
We assess Axon Enterprise's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Axon Enterprise has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Axon Enterprise expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Axon Enterprise expected to grow at an attractive rate?
  • Axon Enterprise's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Axon Enterprise's earnings growth is expected to exceed the United States of America market average.
  • Axon Enterprise's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AAXN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:AAXN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 27.3%
NasdaqGS:AAXN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 13.8%
United States of America Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 10.4%
United States of America Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:AAXN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:AAXN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 768 109 1
2021-12-31 658 80 2
2020-12-31 570 91 57 10
2019-12-31 485 63 34 14
NasdaqGS:AAXN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 420 64 29
2018-09-30 400 57 25
2018-06-30 385 47 20
2018-03-31 366 43 14
2017-12-31 344 18 5
2017-09-30 331 -10 14
2017-06-30 313 -5 17
2017-03-31 292 4 18
2016-12-31 268 21 17
2016-09-30 242 38 16
2016-06-30 221 46 14
2016-03-31 209 41 16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Axon Enterprise's earnings are expected to grow significantly at over 20% yearly.
  • Axon Enterprise's revenue is expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:AAXN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Axon Enterprise Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AAXN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.62 1.62 1.62 1.00
2021-12-31 1.22 1.22 1.22 1.00
2020-12-31 0.92 1.07 0.70 9.00
2019-12-31 0.56 0.69 0.45 12.00
NasdaqGS:AAXN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.52
2018-09-30 0.46
2018-06-30 0.37
2018-03-31 0.26
2017-12-31 0.10
2017-09-30 0.26
2017-06-30 0.33
2017-03-31 0.35
2016-12-31 0.33
2016-09-30 0.30
2016-06-30 0.26
2016-03-31 0.30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Axon Enterprise is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Axon Enterprise's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Axon Enterprise has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Axon Enterprise performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Axon Enterprise's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Axon Enterprise's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Axon Enterprise's 1-year earnings growth exceeds its 5-year average (460.9% vs -1.3%)
  • Axon Enterprise's earnings growth has exceeded the US Aerospace & Defense industry average in the past year (460.9% vs 29.2%).
Earnings and Revenue History
Axon Enterprise's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Axon Enterprise Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AAXN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 420.07 29.21 154.89 76.86
2018-09-30 399.93 25.05 152.40 70.36
2018-06-30 385.35 19.76 151.11 62.54
2018-03-31 365.77 13.55 143.59 57.03
2017-12-31 343.80 5.21 138.69 54.37
2017-09-30 331.22 13.62 127.82 49.23
2017-06-30 312.84 17.04 119.55 42.42
2017-03-31 291.96 18.41 112.10 36.15
2016-12-31 268.25 17.30 108.08 30.61
2016-09-30 242.21 16.06 98.99 27.62
2016-06-30 220.70 13.74 88.70 26.79
2016-03-31 208.66 16.19 79.77 25.98
2015-12-31 197.89 19.93 69.70 23.61
2015-09-30 188.67 19.92 58.97 21.06
2015-06-30 182.64 25.95 55.77 18.29
2015-03-31 173.10 23.73 51.68 15.84
2014-12-31 164.53 19.92 50.86 14.89
2014-09-30 157.73 20.21 51.89 14.26
2014-06-30 148.58 17.76 50.03 12.94
2014-03-31 143.58 18.34 49.62 11.48
2013-12-31 137.83 18.24 46.56 9.89
2013-09-30 129.92 16.68 46.39 8.43
2013-06-30 123.50 15.25 43.15 7.97
2013-03-31 119.55 14.23 40.61 8.02
2012-12-31 114.75 14.74 38.45 8.14
2012-09-30 103.97 5.02 36.91 8.24
2012-06-30 99.58 2.48 36.86 8.61
2012-03-31 92.55 -3.26 37.51 9.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Axon Enterprise has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Axon Enterprise used its assets less efficiently than the US Aerospace & Defense industry average last year based on Return on Assets.
  • Axon Enterprise's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Axon Enterprise's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Axon Enterprise has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Axon Enterprise's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Axon Enterprise's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Axon Enterprise is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Axon Enterprise's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Axon Enterprise's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Axon Enterprise has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Axon Enterprise Company Filings, last reported 2 months ago.

NasdaqGS:AAXN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 467.32 0.00 349.46
2018-09-30 459.66 0.00 324.87
2018-06-30 448.84 0.00 311.63
2018-03-31 199.33 0.00 96.81
2017-12-31 167.44 0.00 81.97
2017-09-30 166.08 0.00 61.84
2017-06-30 163.46 0.00 61.83
2017-03-31 157.39 0.00 71.60
2016-12-31 150.89 0.12 89.07
2016-09-30 141.33 2.74 96.22
2016-06-30 134.43 2.77 87.02
2016-03-31 153.23 0.14 104.05
2015-12-31 157.00 0.08 109.78
2015-09-30 149.49 0.20 95.41
2015-06-30 153.89 0.05 86.61
2015-03-31 140.03 0.06 90.06
2014-12-31 129.11 0.07 81.14
2014-09-30 118.04 0.08 67.60
2014-06-30 110.47 0.09 48.83
2014-03-31 123.79 0.10 62.83
2013-12-31 108.35 0.10 51.37
2013-09-30 92.14 0.11 43.76
2013-06-30 79.66 0.12 29.81
2013-03-31 88.18 0.13 38.58
2012-12-31 87.29 0.14 37.81
2012-09-30 76.32 0.00 29.14
2012-06-30 75.29 0.00 23.16
2012-03-31 87.03 0.00 29.68
  • Axon Enterprise has no debt.
  • Axon Enterprise has no debt compared to 5 years ago when it was 0.1%.
  • Axon Enterprise has no debt, it does not need to be covered by operating cash flow.
  • Axon Enterprise has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Axon Enterprise's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Axon Enterprise has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Axon Enterprise's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Axon Enterprise dividends. Estimated to be 0% next year.
If you bought $2,000 of Axon Enterprise shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Axon Enterprise's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Axon Enterprise's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:AAXN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:AAXN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Axon Enterprise has not reported any payouts.
  • Unable to verify if Axon Enterprise's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Axon Enterprise's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Axon Enterprise has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Axon Enterprise's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Axon Enterprise's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Axon Enterprise afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Axon Enterprise has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick Smith
COMPENSATION $3,765,675
AGE 47
TENURE AS CEO 26.2 years
CEO Bio

Mr. Patrick W. Smith, also known as Rick, co-founded TASER International (now Axon Enterprise, Inc.) in September 1993. Mr. Smith is Chief Executive Officer and as a director of TASER since 1993. After graduating from Harvard Cum Laude in the summer of 1993, Mr. Smith entered directly into the Masters of Business Administration Program at the University of Chicago, the youngest person accepted into his class at the business school. In two years, he completed both his M.B.A. with honors at the University of Chicago (normally a two year program in itself) graduating in the top 5% of his class, and a Masters Degree in International Finance from the University of Leuven in Leuven, Belgium.

CEO Compensation
  • Rick's compensation has increased by more than 20% in the past year.
  • Rick's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Axon Enterprise management team in years:

1.9
Average Tenure
40
Average Age
  • The average tenure for the Axon Enterprise management team is less than 2 years, this suggests a new team.
Management Team

Rick Smith

TITLE
Co-Founder
COMPENSATION
$4M
AGE
47
TENURE
26.2 yrs

Luke Larson

TITLE
President
COMPENSATION
$4M
AGE
37
TENURE
3.9 yrs

Jawad Ahsan

TITLE
Chief Financial Officer
COMPENSATION
$3M
AGE
39
TENURE
1.9 yrs

Doug Klint

TITLE
Corporate Secretary
COMPENSATION
$618K
AGE
67
TENURE
3.9 yrs

Josh Isner

TITLE
Chief Revenue Officer
COMPENSATION
$2M
AGE
32
TENURE
1.2 yrs

Marcus W. Womack

TITLE
COMPENSATION
$2M
AGE
41
TENURE
1.8 yrs

Josh Goldman

TITLE
Vice President of Operations
TENURE
2.2 yrs

Jenner Holden

TITLE
Chief Information Security Officer
TENURE
1.2 yrs

Andrea James

TITLE
Vice President of Investor Relations
TENURE
1.4 yrs

Darren Steele

TITLE
Senior Vice President of Marketing
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Axon Enterprise board of directors in years:

8.8
Average Tenure
66
Average Age
  • The tenure for the Axon Enterprise board of directors is about average.
Board of Directors

Mike Garnreiter

TITLE
Chairman
COMPENSATION
$308K
AGE
66
TENURE
7.1 yrs

Rick Smith

TITLE
Co-Founder
COMPENSATION
$4M
AGE
47
TENURE
26.2 yrs

Matthew McBrady

TITLE
Independent Director
COMPENSATION
$212K
AGE
47
TENURE
2.4 yrs

Mark Kroll

TITLE
Director
COMPENSATION
$314K
AGE
66
TENURE
16.2 yrs

Rich Carmona

TITLE
Independent Director
COMPENSATION
$216K
AGE
68
TENURE
12 yrs

Hadi Partovi

TITLE
Independent Director
COMPENSATION
$212K
AGE
46
TENURE
8.8 yrs

Bret Taylor

TITLE
Independent Director
COMPENSATION
$200K
AGE
38
TENURE
4.8 yrs

Arnette Heintze

TITLE
Member of Senior Executive Advisory Board

Terry Hillard

TITLE
Member of The Senior Executive Advisory Board
AGE
73

Jim Feigley

TITLE
Member of Senior Executive Advisory Board
AGE
68
Who owns this company?
Recent Insider Trading
  • Axon Enterprise insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Mar 19 Sell Joshua Isner Individual 14. Mar 19 14. Mar 19 -1,000 $47.85 $-47,847
07. Mar 19 Sell Patrick Smith Individual 01. Mar 19 05. Mar 19 -31,735 $53.53 $-1,650,087
07. Mar 19 Sell Luke Larson Individual 01. Mar 19 05. Mar 19 -36,295 $53.53 $-1,872,351
07. Mar 19 Sell Joshua Isner Individual 01. Mar 19 05. Mar 19 -6,223 $53.53 $-321,137
13. Nov 18 Buy Jawad Ahsan Individual 12. Nov 18 12. Nov 18 2,000 $49.73 $99,455
20. Aug 18 Sell Mark Kroll Individual 20. Aug 18 20. Aug 18 -7,097 $64.34 $-456,621
17. May 18 Sell Patrick Smith Individual 16. May 18 16. May 18 -143,448 $53.00 $-7,602,744
X
Management checks
We assess Axon Enterprise's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Axon Enterprise has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Shareholders Are Thrilled That The Axon Enterprise (NASDAQ:AAXN) Share Price Increased 186%

(NASDAQ:AAXN) share price has soared 186% in the last three years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During three years of share price growth, Axon Enterprise achieved compound earnings per share growth of 12% per year.

Simply Wall St -

What Do Analysts Think About Axon Enterprise, Inc.'s (NASDAQ:AAXN) Earnings Trend?

Axon Enterprise, Inc.'s (NASDAQ:AAXN) announced its latest earnings update in December 2018, whicha

Simply Wall St -

Do Directors Own Axon Enterprise, Inc. (NASDAQ:AAXN) Shares?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … Axon Enterprise is a pretty big company.

Simply Wall St -

Should You Be Worried About Axon Enterprise, Inc.'s (NASDAQ:AAXN) 5.4% Return On Equity?

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Axon Enterprise, Inc. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.054 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Axon Enterprise, Inc.'s (NASDAQ:AAXN) CEO Being Overpaid?

Rick Smith became the CEO of Axon Enterprise, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rick Smith's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Selling Axon Enterprise, Inc. (NASDAQ:AAXN) Shares This Year?

But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Axon Enterprise Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Axon Enterprise shares, than buying

Simply Wall St -

What Type Of Shareholder Owns Axon Enterprise Inc's (NASDAQ:AAXN)?

The big shareholder groups in Axon Enterprise Inc (NASDAQ:AAXN) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership.

Simply Wall St -

A Closer Look At Axon Enterprise Inc's (NASDAQ:AAXN) Uninspiring ROE

Over the last twelve months Axon Enterprise has recorded a ROE of 4.4%. … View our latest analysis for Axon Enterprise? … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Before Investing In Axon Enterprise Inc (NASDAQ:AAXN), Consider This

If you are currently a shareholder in Axon Enterprise Inc (NASDAQ:AAXN), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Free cash flow (FCF) is the amount of cash Axon Enterprise has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … I will be analysing Axon Enterprise’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Axon Enterprise Inc (NASDAQ:AAXN): The Best Of Both Worlds

Attractive stocks have exceptional fundamentals. … In the case of Axon Enterprise Inc (NASDAQ:AAXN), there's … financial health as well as

Simply Wall St -

Company Info

Description

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy weapons (CEWs) worldwide. The company operates through two segments, TASER and Software and Sensors. It offers TASER X26P, TASER X2, TASER 7, and TASER Pulse and Bolt CEWs; and related cartridges. The company also provides on-officer body cameras and Axon Fleet in-car video systems; and Axon Evidence connected software network; Axon Records cloud-based records management system; Axon Signal enabled devices; and computer-aided dispatch software, as well as Axon docks, cartridges, and batteries. In addition, it offers Evidence.com, a cloud-based digital evidence management system; and provides hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence. Axon Enterprise, Inc. sells its products through its direct sales force, distribution partners, online store, and third-party resellers. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was founded in 1993 and is headquartered in Scottsdale, Arizona.

Details
Name: Axon Enterprise, Inc.
AAXN
Exchange: NasdaqGS
Founded: 1993
$3,062,069,437
58,829,384
Website: http://www.axon.com
Address: Axon Enterprise, Inc.
17800 North 85th Street,
Scottsdale,
Arizona, 85255,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AAXN Common Stock Nasdaq Global Select US USD 07. Jun 2001
DB TCS Common Stock Deutsche Boerse AG DE EUR 07. Jun 2001
LSE 0HKE Common Stock London Stock Exchange GB USD 07. Jun 2001
Number of employees
Current staff
Staff numbers
1,155
Axon Enterprise employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 23:43
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.