Market Cap
US$1.2b
Last Updated
2020/02/16 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Ebix, Inc. provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with high growth potential.
Similar Companies
Share Price & News
How has Ebix's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EBIX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.3%
EBIX
2.1%
US Software
1.8%
US Market
1 Year Return
-34.1%
EBIX
42.2%
US Software
20.1%
US Market
Return vs Industry: EBIX underperformed the US Software industry which returned 42.2% over the past year.
Return vs Market: EBIX underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| EBIX | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.3% | 2.1% | 1.8% |
| 30 Day | 9.8% | 7.7% | 1.4% |
| 90 Day | 13.0% | 18.8% | 8.8% |
| 1 Year | -33.6%-34.1% | 43.8%42.2% | 22.7%20.1% |
| 3 Year | -33.9%-35.0% | 152.6%142.2% | 50.1%40.4% |
| 5 Year | 41.7%37.2% | 223.7%200.5% | 72.9%53.9% |
Price Volatility Vs. Market
How volatile is Ebix's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
If You Had Bought Ebix (NASDAQ:EBIX) Stock Five Years Ago, You Could Pocket A 57% Gain Today2 weeks ago | Simply Wall St
When Should You Buy Ebix, Inc. (NASDAQ:EBIX)?1 month ago | Simply Wall St
Is Ebix, Inc. (NASDAQ:EBIX) A Volatile Stock?Valuation
Is Ebix 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: EBIX ($38.6) is trading below our estimate of fair value ($99.86)
Significantly Below Fair Value: EBIX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EBIX is good value based on its PE Ratio (14.2x) compared to the Software industry average (52.1x).
PE vs Market: EBIX is good value based on its PE Ratio (14.2x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: EBIX is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: EBIX is good value based on its PB Ratio (2.2x) compared to the US Software industry average (6x).
Next Steps
Future Growth
How is Ebix forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
35.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EBIX's forecast earnings growth (35.4% per year) is above the savings rate (1.7%).
Earnings vs Market: EBIX's earnings (35.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: EBIX's revenue (22.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: EBIX's revenue (22.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if EBIX's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Ebix performed over the past 5 years?
7.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EBIX has high quality earnings.
Growing Profit Margin: EBIX's current net profit margins (14.6%) are lower than last year (23.9%).
Past Earnings Growth Analysis
Earnings Trend: EBIX's earnings have grown by 7.7% per year over the past 5 years.
Accelerating Growth: EBIX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: EBIX had negative earnings growth (-24.8%) over the past year, making it difficult to compare to the Software industry average (17.1%).
Return on Equity
High ROE: EBIX's Return on Equity (13.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Ebix's financial position?
Financial Position Analysis
Short Term Liabilities: EBIX's short term assets ($380.5M) exceed its short term liabilities ($253.8M).
Long Term Liabilities: EBIX's short term assets ($380.5M) do not cover its long term liabilities ($768.2M).
Debt to Equity History and Analysis
Debt Level: EBIX's debt to equity ratio (129.4%) is considered high.
Reducing Debt: EBIX's debt to equity ratio has increased from 15% to 129.4% over the past 5 years.
Debt Coverage: EBIX's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: EBIX's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
Inventory Level: EBIX has a low level of unsold assets or inventory.
Debt Coverage by Assets: EBIX's debt is not covered by short term assets (assets are 0.5x debt).
Next Steps
Dividend
What is Ebix's current dividend yield, its reliability and sustainability?
0.78%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: EBIX's dividend (0.78%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: EBIX's dividend (0.78%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: EBIX is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: EBIX is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: EBIX is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of EBIX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Robin Raina (53yo)
20.4yrs
Tenure
US$4,409,751
Compensation
Mr. Robin Raina serves as the Chief Executive Officer and President of Ebix Consulting. Mr. Raina has been the Chairman of Ebix Latin America, LLC and Ebix Inc. since May 31, 2002 and has been its Chief Ex ...
CEO Compensation Analysis
Compensation vs Market: Robin's total compensation ($USD4.41M) is above average for companies of similar size in the US market ($USD2.47M).
Compensation vs Earnings: Robin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 20.4yrs | US$4.41m | 12.32% $145.0m | |
| Senior VP of Finance | 0yrs | US$214.42k | 0.022% $253.7k | |
| Corporate Executive VP of International Business & Intellectual Property | 0yrs | US$161.69k | 0.061% $714.3k | |
| Corporate Executive Vice President and Managing Director of Ebix Australia Group | 5.8yrs | US$245.19k | 0.17% $2.0m | |
| Senior Vice President of EbixHealth | 0yrs | US$228.08k | 0.042% $497.7k | |
| Chief Financial Officer | 0.4yrs | US$25.96k | 0.000010% $117.7 | |
| Investor Relations Contact | 0yrs | no data | no data | |
| Corporate Vice President of Finance & Human Resources | 0yrs | no data | no data | |
| Managing Director of Ebix New Zealand | 0yrs | no data | no data | |
| President – Insurance Solutions of North America | 5.1yrs | no data | no data |
5.5yrs
Average Tenure
61yo
Average Age
Experienced Management: EBIX's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 20.4yrs | US$4.41m | 12.32% $145.0m | |
| Independent Director | 15.1yrs | US$95.82k | 0.28% $3.3m | |
| Independent Director | 4.9yrs | US$95.82k | 0.13% $1.6m | |
| Independent Director | 15.7yrs | US$127.82k | 0.18% $2.1m | |
| Lead Independent Director | 5yrs | US$119.82k | 0.061% $714.9k | |
| Independent Director | 14.2yrs | US$95.82k | 0.25% $2.9m | |
| Independent Director | 14.2yrs | US$111.82k | 0.016% $193.0k |
14.2yrs
Average Tenure
56yo
Average Age
Experienced Board: EBIX's board of directors are seasoned and experienced ( 14.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EBIX insiders have sold more shares than they have bought 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
Ebix, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Ebix, Inc.
- Ticker: EBIX
- Exchange: NasdaqGS
- Founded: 1976
- Industry: Application Software
- Sector: Software
- Market Cap: US$1.177b
- Shares outstanding: 30.50m
- Website: https://www.ebix.com
Number of Employees
Location
- Ebix, Inc.
- 1 Ebix Way
- Johns Creek
- Georgia
- 30097
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EBIX | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jul 1987 |
| EWZ | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jul 1987 |
Biography
Ebix, Inc. provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. The company operates data exchanges in the areas of finance, travel, life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty (P&C) insurance. It also focuses on designing and deploying back-end systems, such as eGlobal, which targets multinational P&C insurance brokers; WinBeat that targets P&C brokers in the Australian and New Zealand markets; and EbixASP, a system for the P&C insurance brokers in the United States. In addition, the company offers business process outsourcing services that include providing domain intensive project management, time, and material based consulting engagements to clients; creation and tracking of certificates of insurance issued in the United States and Australian markets; and the provision of claims adjudication and settlement, call center, and back office support, as well as a software-based service for the issuance of certificates of insurance and a service to track certificates of insurance for corporate clients in the United States and Australia. Further, the company offers carrier systems, which pertains to the designing and deploying on-demand back-end systems for P&C insurance companies. The company was formerly known as Delphi Systems, Inc. and changed its name to Ebix, Inc. in December 2003. Ebix, Inc. was founded in 1976 and is headquartered in Johns Creek, Georgia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:34 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.