NasdaqGS:EBIX

Stock Analysis Report

Executive Summary

Ebix, Inc. provides software and e-commerce solutions to insurance, finance, healthcare, and e-learning industries.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

0.7%

NasdaqGS:EBIX

-1.5%

US Software

-0.02%

US Market


1 Year Return

-44.6%

NasdaqGS:EBIX

14.7%

US Software

1.6%

US Market

EBIX underperformed the Software industry which returned 13.7% over the past year.

EBIX underperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

EBIXIndustryMarket
7 Day0.7%-1.5%-0.02%
30 Day20.7%-1.7%2.7%
90 Day-7.3%-2.5%1.4%
1 Year-44.2%-44.6%16.3%14.7%3.8%1.6%
3 Year-21.5%-22.7%116.8%108.3%45.2%35.8%
5 Year222.4%211.4%164.6%145.1%61.8%44.1%

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

Valuation

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

40%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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

Ebix's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Ebix is good value based on earnings compared to the US Software industry average.

Ebix is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Ebix is good value based on expected growth next year.


Price Based on Value of Assets

Ebix is good value based on assets compared to the US Software industry average.


Next Steps

Future Growth

How is Ebix expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

31.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ebix's revenue is expected to grow significantly at over 20% yearly.

Ebix's earnings are expected to grow significantly at over 20% yearly.

Ebix's revenue growth is expected to exceed the United States of America market average.

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

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


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Ebix will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Ebix performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ebix's year on year earnings growth rate has been positive over the past 5 years.

Ebix's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Ebix's 1-year earnings growth is negative, it can't be compared to the US Software industry average.


Return on Equity

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


Return on Assets

Ebix used its assets more efficiently than the US Software industry average last year based on Return on Assets.


Return on Capital Employed

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


Next Steps

Financial Health

How is Ebix's financial position?


Financial Position Analysis

Ebix is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Ebix's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Ebix's level of debt (133.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (8.4% vs 133.2% today).

Debt is not well covered by operating cash flow (11.3%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).


Balance Sheet

Low level of unsold assets.

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?

0.69%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Ebix's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Ebix's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).

Ebix is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.

Ebix is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Ebix's dividends as it is not paying a notable one for United States of America.


Future Payout to Shareholders

No need to calculate the sustainability of Ebix's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Robin Raina (53yo)

20yrs

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

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

Robin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.7yrs

Average Tenure

59yo

Average Age

The tenure for the Ebix management team is about average.


Board Age and Tenure

13.8yrs

Average Tenure

56yo

Average Age

The average tenure for the Ebix 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.


Recent Insider Transactions

SellUS$10,721,52622 Aug 19
Rennes Foundation, Endowment Arm
EntityCompany
Shares300,000
Max PriceUS$38.04
SellUS$716,20011 Apr 19
Leon d’Apice
EntityIndividual
Role
Senior Key Executive
Corporate Executive Vice President and Managing Director of Ebix Australia Group
Shares13,000
Max PriceUS$57.70
BuyUS$99,27521 Dec 18
Robin Raina
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares2,500
Max PriceUS$39.71
SellUS$8,800,00014 Dec 18
Rennes Foundation, Endowment Arm
EntityCompany
Shares200,000
Max PriceUS$44.00
SellUS$460,03214 Dec 18
Rennes Foundation, Endowment Arm
EntityCompany
Shares10,000
Max PriceUS$46.00
SellUS$99,16006 Dec 18
Leon d’Apice
EntityIndividual
Role
Senior Key Executive
Corporate Executive Vice President and Managing Director of Ebix Australia Group
Shares2,000
Max PriceUS$49.58
BuyUS$52,45013 Nov 18
Robin Raina
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares1,000
Max PriceUS$52.45
SellUS$988,16004 Oct 18
Rennes Foundation, Endowment Arm
EntityCompany
Shares12,800
Max PriceUS$77.20

Ownership Breakdown


Management Team

  • Robin Raina (53yo)

    Chairman

    • Tenure: 20yrs
    • Compensation: US$4.41m
  • Jim Senge (59yo)

    Senior Vice President of EbixHealth

    • Tenure: 0yrs
    • Compensation: US$228.08k
  • John Graham Prior (63yo)

    Corporate Executive VP of International Business & Intellectual Property

    • Tenure: 0yrs
    • Compensation: US$161.69k
  • Leon d’Apice (63yo)

    Corporate Executive Vice President and Managing Director of Ebix Australia Group

    • Tenure: 5.4yrs
    • Compensation: US$245.19k
  • Tony Wisniewski

    Managing Director of Ebix New Zealand

    • Tenure: 0yrs
  • Darren Joseph

    Corporate Vice President of Finance & Human Resources

    • Tenure: 0yrs
  • Ash Sawhney

    President – Insurance Solutions of North America

    • Tenure: 4.7yrs
  • Sean Donaghy (53yo)

    CFO, Compliance Officer & Secretary

    • Tenure: 2.7yrs
    • Compensation: US$214.42k
  • Chris Eddy

    Investor Relations Contact

    • Tenure: 0yrs
  • Venu Garneni

    Head of Consulting Operations

    • Tenure: 0.8yrs

Board Members

  • Robin Raina (53yo)

    Chairman

    • Tenure: 20yrs
    • Compensation: US$4.41m
  • Neil Eckert (57yo)

    Director

    • Tenure: 14.7yrs
    • Compensation: US$95.82k
  • Geordie Hebard (46yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: US$95.82k
  • Pavan Bhalla (56yo)

    Director

    • Tenure: 15.3yrs
    • Compensation: US$127.82k
  • Hans Keller (66yo)

    Lead Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$119.82k
  • Rolf Herter (56yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$95.82k
  • Hans Benz (73yo)

    Director

    • Tenure: 13.8yrs
    • Compensation: US$111.82k

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$1.333b
  • Shares outstanding: 30.49m
  • Website: https://www.ebix.com

Number of Employees


Location

  • Ebix, Inc.
  • 1 Ebix Way
  • Johns Creek
  • Georgia
  • 30097
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EBIXNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJul 1987
EWZDB (Deutsche Boerse AG)YesCommon StockDEEURJul 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 entitie ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 23:35
End of Day Share Price2019/09/18 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.