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AXS

AXIS Capital HoldingsNYSE:AXS Stock Report

Last Price

US$55.78

Market Cap

US$4.7b

7D

-2.1%

1Y

14.2%

Updated

23 Jan, 2022

Data

Company Financials +
AXS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends5/6

AXS Stock Overview

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide.

AXIS Capital Holdings Competitors

Travelers Companies

NYSE:TRV

US$39.2b

Cincinnati Financial

NasdaqGS:CINF

US$18.4b

Markel

NYSE:MKL

US$16.7b

Fidelity National Financial

NYSE:FNF

US$14.2b

Price History & Performance

Summary of all time highs, changes and price drops for AXIS Capital Holdings
Historical stock prices
Current Share PriceUS$55.78
52 Week HighUS$58.61
52 Week LowUS$44.26
Beta0.99
1 Month Change7.10%
3 Month Change5.99%
1 Year Change14.21%
3 Year Change1.66%
5 Year Change-13.57%
Change since IPO118.32%

Recent News & Updates

Jan 12

AXIS Capital: Earnings Trends Point To More Share-Price Gains

Axis remains profitable in Q3 despite sizable cat losses. We look at the strength of the company's 3%+ dividend yield. Stay the course here. Company looks to be well run.

Oct 29

AXIS Cedes More Risk To Third-Party Investors, Earns More Fees In Q3 2021

The Q3 2021 fee income included $6.8 million in other insurance related income, with $13.4 million for the nine-months. It also included $11.5 million as an offset to general and administrative expenses for Q3 and $32.6 million for the nine-months. These added revenue streams are meaningful and in a quarter where AXIS has taken losses from the European floods and hurricane Ida they help to improve its performance and return to shareholders.

Aug 03

AXIS Capital: Expecting $60 A Share Shortly

The company is just off the back of encouraging Q2 numbers. Dividend of well over 3% looks rock solid. The technicals (being backed up by financial trends) are pointing to the bottom here.

Shareholder Returns

AXSUS InsuranceUS Market
7D-2.1%-4.0%-6.1%
1Y14.2%19.4%4.2%

Return vs Industry: AXS underperformed the US Insurance industry which returned 19.4% over the past year.

Return vs Market: AXS exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is AXS's price volatile compared to industry and market?
AXS volatility
AXS Average Weekly Movement3.4%
Insurance Industry Average Movement4.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: AXS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AXS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20011,921Albert Benchimolhttps://www.axiscapital.com

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, and hull war; and terrorism, aviation, credit and political risk, and liability insurance products.

AXIS Capital Holdings Fundamentals Summary

How do AXIS Capital Holdings's earnings and revenue compare to its market cap?
AXS fundamental statistics
Market CapUS$4.73b
Earnings (TTM)US$386.21m
Revenue (TTM)US$5.21b

12.2x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AXS income statement (TTM)
RevenueUS$5.21b
Cost of RevenueUS$4.02b
Gross ProfitUS$1.19b
ExpensesUS$804.23m
EarningsUS$386.21m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 26, 2022

Earnings per share (EPS)4.56
Gross Margin22.87%
Net Profit Margin7.42%
Debt/Equity Ratio24.6%

How did AXS perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

37%

Payout Ratio

Valuation

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

46.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AXS ($55.78) is trading below our estimate of fair value ($104.92)

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


Price To Earnings Ratio

PE vs Industry: AXS is poor value based on its PE Ratio (12.2x) compared to the US Insurance industry average (10.9x).

PE vs Market: AXS is good value based on its PE Ratio (12.2x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: AXS is poor value based on its PEG Ratio (1.8x)


Price to Book Ratio

PB vs Industry: AXS is good value based on its PB Ratio (1x) compared to the US Insurance industry average (1.1x).


Future Growth

How is AXIS Capital Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

6.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXS's forecast earnings growth (6.7% per year) is above the savings rate (2%).

Earnings vs Market: AXS's earnings (6.7% per year) are forecast to grow slower than the US market (13% per year).

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

Revenue vs Market: AXS's revenue (5.9% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: AXS's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AXS's Return on Equity is forecast to be low in 3 years time (10.2%).


Past Performance

How has AXIS Capital Holdings performed over the past 5 years?

-6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AXS has high quality earnings.

Growing Profit Margin: AXS became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: AXS's earnings have declined by 6.7% per year over the past 5 years.

Accelerating Growth: AXS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: AXS has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (38.1%).


Return on Equity

High ROE: AXS's Return on Equity (7.8%) is considered low.


Financial Health

How is AXIS Capital Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: AXS's short term assets ($11.6B) do not cover its short term liabilities ($19.4B).

Long Term Liabilities: AXS's short term assets ($11.6B) exceed its long term liabilities ($3.2B).


Debt to Equity History and Analysis

Debt Level: AXS's net debt to equity ratio (5.5%) is considered satisfactory.

Reducing Debt: AXS's debt to equity ratio has increased from 16.5% to 24.6% over the past 5 years.

Debt Coverage: AXS's debt is well covered by operating cash flow (76.7%).

Interest Coverage: AXS's interest payments on its debt are well covered by EBIT (8.9x coverage).


Balance Sheet


Dividend

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

3.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AXS's dividend (3.08%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: AXS's dividend (3.08%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: AXS's dividends per share have been stable in the past 10 years.

Growing Dividend: AXS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.8%), AXS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AXS's dividends in 3 years are forecast to be well covered by earnings (28.1% payout ratio).


Next Steps

Management

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

5.0yrs

Average management tenure


CEO

Albert Benchimol (63 yo)

9.67yrs

Tenure

US$7,265,614

Compensation

Mr. Albert A. Benchimol has been the Chief Executive Officer and President of Axis Capital Holdings Limited since May 3, 2012. Mr. Benchimol served as Elected Council Member at Lloyd's of London since 2020...


CEO Compensation Analysis

Compensation vs Market: Albert's total compensation ($USD7.27M) is above average for companies of similar size in the US market ($USD5.29M).

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


Leadership Team

Experienced Management: AXS's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: AXS's board of directors are considered experienced (3.2 years average tenure).


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.


Ownership Breakdown

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


Top Shareholders

Company Information

AXIS Capital Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: AXIS Capital Holdings Limited
  • Ticker: AXS
  • Exchange: NYSE
  • Founded: 2001
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: US$4.729b
  • Shares outstanding: 84.77m
  • Website: https://www.axiscapital.com

Number of Employees


Location

  • AXIS Capital Holdings Limited
  • AXIS House
  • 92 Pitts Bay Road
  • Pembroke
  • HM 08
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:03
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.