NYSE:EQH

Stock Analysis Report

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Executive Summary

Equitable Holdings, Inc. operates as a diversified financial services company worldwide.


Snowflake Analysis

Undervalued with solid track record.


Similar Companies

Share Price & News

How has Equitable Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EQH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.2%

EQH

1.5%

US Diversified Financial

4.0%

US Market


1 Year Return

-12.9%

EQH

-17.3%

US Diversified Financial

4.9%

US Market

Return vs Industry: EQH exceeded the US Diversified Financial industry which returned -17.3% over the past year.

Return vs Market: EQH underperformed the US Market which returned 5% over the past year.


Shareholder returns

EQHIndustryMarket
7 Day0.2%1.5%4.0%
30 Day-12.8%-7.2%1.3%
90 Day46.1%0.8%29.5%
1 Year-10.2%-12.9%-17.2%-17.3%7.2%4.9%
3 Yearn/a3.2%2.8%36.1%27.2%
5 Yearn/a25.4%24.8%65.3%46.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Equitable Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EQH ($19.02) is trading below our estimate of fair value ($88.59)

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


Price To Earnings Ratio

PE vs Industry: EQH is good value based on its PE Ratio (2.1x) compared to the Diversified Financial industry average (9.3x).

PE vs Market: EQH is good value based on its PE Ratio (2.1x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: EQH is good value based on its PB Ratio (0.4x) compared to the US Diversified Financial industry average (0.6x).


Next Steps

Future Growth

How is Equitable Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

-58.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EQH's earnings are forecast to decline over the next 3 years (-58% per year).

Earnings vs Market: EQH's earnings are forecast to decline over the next 3 years (-58% per year).

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

Revenue vs Market: EQH's revenue is expected to decline over the next 3 years (-5.7% per year).

High Growth Revenue: EQH's revenue is forecast to decline over the next 3 years (-5.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EQH's Return on Equity is forecast to be low in 3 years time (11.1%).


Next Steps

Past Performance

How has Equitable Holdings performed over the past 5 years?

28.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EQH has a high level of non-cash earnings.

Growing Profit Margin: EQH's current net profit margins (21.7%) are higher than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: EQH's earnings have grown significantly by 28.4% per year over the past 5 years.

Accelerating Growth: EQH's earnings growth over the past year (432.8%) exceeds its 5-year average (28.4% per year).

Earnings vs Industry: EQH earnings growth over the past year (432.8%) exceeded the Diversified Financial industry 23.6%.


Return on Equity

High ROE: EQH's Return on Equity (21.6%) is considered high.


Next Steps

Financial Health

How is Equitable Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: EQH's short term assets ($30.4B) exceed its short term liabilities ($14.8B).

Long Term Liabilities: EQH's short term assets ($30.4B) do not cover its long term liabilities ($204.1B).


Debt to Equity History and Analysis

Debt Level: EQH's debt to equity ratio (15.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if EQH's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: EQH's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: EQH's interest payments on its debt are well covered by EBIT (27.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Equitable Holdings's current dividend yield, its reliability and sustainability?

3.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EQH's dividend (3.58%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: EQH's dividend (3.58%) is low compared to the top 25% of dividend payers in the US market (4.5%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EQH has been paying a dividend for less than 10 years.

Growing Dividend: EQH's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.5%), EQH's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EQH's dividends in 3 years are forecast to be thoroughly covered by earnings (14.5% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Mark Pearson (62yo)

no data

Tenure

US$11,254,123

Compensation

Mr. Mark Pearson serves as Director at AXA Equitable Holdings, Inc., since January 2011 and serves as its Chief Executive Officer and President. He serves as Chief Executive Officer, President and Director ...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD11.25M) is above average for companies of similar size in the US market ($USD7.33M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mark Pearson
Presidentno dataUS$11.25m0.070% $6.0m
Anders Malmström
Senior EVP & CFO8.5yrsUS$4.59m0.019% $1.6m
Jeffrey Hurd
Senior EVP & COO2.5yrsUS$5.33m0.016% $1.3m
Nicholas Lane
Senior EVP & Head of Retirementno dataUS$5.31m0.016% $1.4m
Seth Bernstein
Senior EVP3.17yrsUS$9.44m0.0079% $679.6k
William Eckert
Senior VP1.92yrsno data0.0036% $304.2k
Jessica Baehr
Head of Investor Relationsno datano datano data
Dave Hattem
Senior EVP8.5yrsUS$4.35m0.012% $993.2k
Robin Raju
Head of Individual Retirement0.25yrno datano data
Stephanie Withers
Chief Auditor0.75yrno datano data

2.5yrs

Average Tenure

57yo

Average Age

Experienced Management: EQH's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mark Pearson
Presidentno dataUS$11.25m0.070% $6.0m
Joan Lamm-Tennant
Independent Director0.50yrno data0.0020% $172.2k
Ramon de Oliveira-Cezar
Independent Chairman of the Board1.33yrsUS$766.07k0.011% $928.9k
Charles Thoroton Stonehill
Independent Director2.25yrsUS$541.54k0.0050% $428.5k
Kristi Matus
Independent Director1.33yrsUS$508.04k0.0048% $409.6k
Bertram Scott
Independent Director1.33yrsUS$260.04k0.0048% $409.6k
George Stansfield
Director2.67yrsUS$55.22k0.0031% $267.4k
Daniel Kaye
Independent Director2.25yrsUS$579.92k0.0092% $789.2k

1.8yrs

Average Tenure

64yo

Average Age

Experienced Board: EQH's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

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

Equitable Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Equitable Holdings, Inc.
  • Ticker: EQH
  • Exchange: NYSE
  • Founded: 1859
  • Industry: Other Diversified Financial Services
  • Sector: Diversified Financials
  • Market Cap: US$8.569b
  • Shares outstanding: 450.55m
  • Website: https://www.equitableholdings.com

Number of Employees


Location

  • Equitable Holdings, Inc.
  • 1290 Avenue Of The Americas
  • New York
  • New York
  • 10104
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EQHNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 2018
AXJDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2018
AXJXTRA (XETRA Trading Platform)YesCommon StockDEEURMay 2018
EQH.PRANYSE (New York Stock Exchange)DEP SHS RP PFD AUSUSDNov 2019

Biography

Equitable Holdings, Inc. operates as a diversified financial services company worldwide. The company operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products primarily to affluent and high net worth individuals. The Group Retirement segment provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities, and not-for-profit entities, as well as small and medium-sized businesses. The Investment Management and Research segment offers diversified investment management, research, and related solutions to a range of clients through institutional, retail, and private wealth management channels; and distributes its institutional research products and solutions. The Protection Solutions segment provides a range of universal life, indexed universal life, and term life products to help affluent and high net worth individuals, as well as small and medium-sized business owners; and a suite of life, short- and long-term disability, dental, and vision insurance products to small and medium-size businesses. The company was formerly known as AXA Equitable Holdings, Inc. and changed its name to Equitable Holdings, Inc. in January 2020. Equitable Holdings, Inc. was founded in 1859 and is based in New York, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/04 23:49
End of Day Share Price2020/07/02 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.