Equitable Holdings
Market Cap
US$8.6b
Last Updated
2020/07/04 23:49 UTC
Data Sources
Company Financials +
Executive Summary
Equitable Holdings, Inc. operates as a diversified financial services company worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -58% per year for the next 3 years
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
| EQH | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 1.5% | 4.0% |
| 30 Day | -12.8% | -7.2% | 1.3% |
| 90 Day | 46.1% | 0.8% | 29.5% |
| 1 Year | -10.2%-12.9% | -17.2%-17.3% | 7.2%4.9% |
| 3 Year | n/a | 3.2%2.8% | 36.1%27.2% |
| 5 Year | n/a | 25.4%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
3 weeks ago | Simply Wall St
What Is Equitable Holdings, Inc.'s (NYSE:EQH) Share Price Doing?1 month ago | Simply Wall St
The Case For Equitable Holdings, Inc. (NYSE:EQH): Could It Be A Nice Addition To Your Dividend Portfolio?2 months ago | Simply Wall St
Some Equitable Holdings (NYSE:EQH) Shareholders Are Down 29%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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | no data | US$11.25m | 0.070% $6.0m | |
| Senior EVP & CFO | 8.5yrs | US$4.59m | 0.019% $1.6m | |
| Senior EVP & COO | 2.5yrs | US$5.33m | 0.016% $1.3m | |
| Senior EVP & Head of Retirement | no data | US$5.31m | 0.016% $1.4m | |
| Senior EVP | 3.17yrs | US$9.44m | 0.0079% $679.6k | |
| Senior VP | 1.92yrs | no data | 0.0036% $304.2k | |
| Head of Investor Relations | no data | no data | no data | |
| Senior EVP | 8.5yrs | US$4.35m | 0.012% $993.2k | |
| Head of Individual Retirement | 0.25yr | no data | no data | |
| Chief Auditor | 0.75yr | no data | no data |
2.5yrs
Average Tenure
57yo
Average Age
Experienced Management: EQH's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | no data | US$11.25m | 0.070% $6.0m | |
| Independent Director | 0.50yr | no data | 0.0020% $172.2k | |
| Independent Chairman of the Board | 1.33yrs | US$766.07k | 0.011% $928.9k | |
| Independent Director | 2.25yrs | US$541.54k | 0.0050% $428.5k | |
| Independent Director | 1.33yrs | US$508.04k | 0.0048% $409.6k | |
| Independent Director | 1.33yrs | US$260.04k | 0.0048% $409.6k | |
| Director | 2.67yrs | US$55.22k | 0.0031% $267.4k | |
| Independent Director | 2.25yrs | US$579.92k | 0.0092% $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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EQH | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 2018 |
| AXJ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2018 |
| AXJ | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | May 2018 |
| EQH.PRA | NYSE (New York Stock Exchange) | DEP SHS RP PFD A | US | USD | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/04 23:49 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.