NYSE:AXS

Stock Analysis Report

AXIS Capital Holdings

Executive Summary

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

Snowflake

Fundamentals

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.3%

AXS

0.4%

US Insurance

-0.6%

US Market


1 Year Return

12.5%

AXS

8.0%

US Insurance

0.7%

US Market

AXS outperformed the Insurance industry which returned 7.6% over the past year.

AXS outperformed the Market in United States of America which returned 0.7% over the past year.


Share holder returns

AXSIndustryMarket
7 Day2.3%0.4%-0.6%
30 Day1.9%5.0%4.9%
90 Day9.6%1.3%1.7%
1 Year15.8%12.5%10.6%8.0%3.0%0.7%
3 Year29.5%19.4%46.9%35.6%44.8%35.4%
5 Year54.9%37.0%71.6%51.1%62.0%44.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is AXIS Capital Holdings undervalued based on future cash flows and its price relative to the stock market?

20%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

AXIS Capital Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

AXIS Capital Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

AXIS Capital Holdings is overvalued based on earnings compared to the US Insurance industry average.

AXIS Capital Holdings is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

AXIS Capital Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

AXIS Capital Holdings is good value based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is AXIS Capital Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

21.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

AXIS Capital Holdings's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).

AXIS Capital Holdings's earnings are expected to grow significantly at over 20% yearly.

AXIS Capital Holdings's revenue growth is positive but not above the United States of America market average.

AXIS Capital Holdings's earnings growth is expected to exceed the United States of America market average.

AXIS Capital Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

AXIS Capital Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

-46.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

AXIS Capital Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

AXIS Capital Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

AXIS Capital Holdings has become profitable in the last year making it difficult to compare the US Insurance industry average.


Return on Equity

AXIS Capital Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

AXIS Capital Holdings used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

AXIS Capital Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is AXIS Capital Holdings's financial position?


Financial Position Analysis

AXIS Capital Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

AXIS Capital Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

AXIS Capital Holdings's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (24.8% vs 24.9% today).

Debt is not well covered by operating cash flow (2.6%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 7.3x debt.


Next Steps

Dividend

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

2.57%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase AXIS Capital Holdings before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

AXIS Capital Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

AXIS Capital Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).


Next Steps

Management

What is the CEO of AXIS Capital Holdings's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Albert Benchimol (61yo)

7.3yrs

Tenure

US$7,804,796

Compensation

Mr. Albert A. Benchimol has been External Member of the Council at Lloyd's of London since February 1, 2019. Mr. Benchimol has been the Chief Executive Officer and President of Axis Capital Holdings Limite ...


CEO Compensation Analysis

Albert's remuneration is about average for companies of similar size in United States of America.

Albert's compensation has increased in line with AXIS Capital Holdings recently becoming profitable.


Management Age and Tenure

1.7yrs

Average Tenure

55yo

Average Age

The average tenure for the AXIS Capital Holdings management team is less than 2 years, this suggests a new team.


Board Age and Tenure

11.5yrs

Average Tenure

74.5yo

Average Age

The average tenure for the AXIS Capital Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Albert Benchimol (61yo)

    CEO, President & Director

    • Tenure: 7.3yrs
    • Compensation: US$7.80m
  • Pete Wilson (59yo)

    Chief Executive Officer of AXIS Insurance

    • Tenure: 5.4yrs
    • Compensation: US$3.06m
  • Richard Strachan (51yo)

    Chief Operations Officer

    • Tenure: 4.7yrs
  • David Phillips (50yo)

    Chief Investment Officer

    • Tenure: 5.4yrs
    • Compensation: US$2.65m
  • Pete Vogt (55yo)

    CFO & Executive VP

    • Tenure: 1.7yrs
    • Compensation: US$1.97m
  • Matt Rohrmann

    Head of Investor Relations

    • Tenure: 1.3yrs
  • Kent Ziegler (56yo)

    Global Corporate Controller & Principal Accounting Officer

    • Tenure: 0.9yrs
  • Dan Trueman

    Global Head of Cyber & Technology

    • Tenure: 0yrs
  • Steve Arora (43yo)

    Chief Executive Officer of AXIS Reinsurance

    • Tenure: 1.7yrs
    • Compensation: US$5.92m
  • Keith Schlosser

    Chief Information Officer

    • Tenure: 0.7yrs

Board Members

  • Bob Friedman (76yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$220.00k
  • Albert Benchimol (61yo)

    CEO, President & Director

    • Tenure: 7.3yrs
    • Compensation: US$7.80m
  • Maurice Keane (77yo)

    Independent Director

    • Tenure: 17yrs
    • Compensation: US$284.50k
  • Chris Greetham (74yo)

    Independent Director

    • Tenure: 12.9yrs
    • Compensation: US$317.00k
  • Chuck Davis (71yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$230.00k
  • Thomas Ramey (75yo)

    Independent Director

    • Tenure: 10.2yrs
    • Compensation: US$262.50k
  • Michael Butt (76yo)

    Chairman of the Board

    • Tenure: 17yrs
    • Compensation: US$864.86k
  • Henry Smith (70yo)

    Lead Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$366.50k
  • Barbara Yastine (60yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$105.00k
  • Wilhelm Zeller (75yo)

    Independent Director

    • Tenure: 10.2yrs
    • Compensation: US$220.00k

Company Information

AXIS Capital Holdings Limited's company bio, 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
  • Market Cap: US$5.500b
  • Shares outstanding: 83.95m
  • Website: https://www.axiscapital.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AXSNYSE (New York Stock Exchange)YesCommon SharesUSUSDJul 2003
AXVDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2003
AXS.PRDNYSE (New York Stock Exchange)PFD SER D 5.50%USUSDMay 2013
AXS.PRENYSE (New York Stock Exchange)DEP SHS PFD EUSUSDNov 2016

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 23:52
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.