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Anixter International

NYSE:AXE
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AXE
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Anixter International Inc., through its subsidiary, Anixter Inc., distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The last earnings update was 27 days ago. More info.


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AXE Share Price and Events
7 Day Returns
-1.9%
NYSE:AXE
0.7%
US Electronic
1.2%
US Market
1 Year Returns
-28.3%
NYSE:AXE
-0.3%
US Electronic
3%
US Market
AXE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Anixter International (AXE) -1.9% -9.5% 4.4% -28.3% 14.6% -43.3%
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • AXE underperformed the Electronic industry which returned -0.3% over the past year.
  • AXE underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
AXE
Industry
5yr Volatility vs Market
Related Companies

AXE Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Anixter International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Anixter International.

NYSE:AXE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:AXE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (65.95%))
1.421
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.421 * 5.96%)
11.2%

Discounted Cash Flow Calculation for NYSE:AXE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Anixter International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:AXE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.2%)
2019 138.00 Analyst x1 124.10
2020 156.00 Analyst x1 126.15
2021 220.00 Analyst x1 159.99
2022 256.00 Analyst x1 167.42
2023 308.00 Analyst x1 181.13
2024 350.30 Est @ 13.74% 185.26
2025 386.85 Est @ 10.43% 183.98
2026 418.28 Est @ 8.12% 178.89
2027 445.49 Est @ 6.5% 171.33
2028 469.42 Est @ 5.37% 162.35
Present value of next 10 years cash flows $1,640.61
NYSE:AXE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $469.42 × (1 + 2.73%) ÷ (11.2% – 2.73%)
$5,692.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,692.47 ÷ (1 + 11.2%)10
$1,968.78
NYSE:AXE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,640.61 + $1,968.78
$3,609.38
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,609.38 / 33.48
$107.8
NYSE:AXE Discount to Share Price
Calculation Result
Value per share (USD) From above. $107.80
Current discount Discount to share price of $56.69
= -1 x ($56.69 - $107.80) / $107.80
47.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Anixter International is available for.
Intrinsic value
47%
Share price is $56.69 vs Future cash flow value of $107.8
Current Discount Checks
For Anixter International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Anixter International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Anixter International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Anixter International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Anixter International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:AXE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-28) in USD $4.62
NYSE:AXE Share Price ** NYSE (2019-03-20) in USD $56.69
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Anixter International.

NYSE:AXE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AXE Share Price ÷ EPS (both in USD)

= 56.69 ÷ 4.62

12.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Anixter International is good value based on earnings compared to the US Electronic industry average.
  • Anixter International is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Anixter International's expected growth come at a high price?
Raw Data
NYSE:AXE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
11%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NYSE:AXE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.26x ÷ 11%

1.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Anixter International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Anixter International's assets?
Raw Data
NYSE:AXE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-28) in USD $46.38
NYSE:AXE Share Price * NYSE (2019-03-20) in USD $56.69
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NYSE:AXE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AXE Share Price ÷ Book Value per Share (both in USD)

= 56.69 ÷ 46.38

1.22x

* Primary Listing of Anixter International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Anixter International is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Anixter International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Anixter International has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AXE Future Performance

 How is Anixter International expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Anixter International expected to grow at an attractive rate?
  • Anixter International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Anixter International's earnings growth is positive but not above the United States of America market average.
  • Anixter International's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:AXE Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:AXE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 11%
NYSE:AXE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.1%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:AXE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:AXE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,308 293 1
2022-12-31 9,925 249 1
2021-12-31 9,556 216 1
2020-12-31 9,069 189 212 4
2019-12-31 8,742 166 194 4
2018-12-31 8,395 150 158 4
NYSE:AXE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-28 8,400 138 156
2018-09-28 8,295 177 115
2018-06-29 8,132 116 105
2018-03-30 7,996 61 110
2017-12-29 7,927 184 109
2017-09-29 7,808 151 145
2017-06-30 7,748 267 148
2017-03-31 7,702 265 129
2016-12-30 7,623 279 121
2016-09-30 7,564 237 90
2016-07-01 7,097 202 85
2016-04-01 6,622 139 94
2016-01-01 6,191 93 97

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Anixter International's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • Anixter International's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:AXE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Anixter International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AXE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 6.17 6.40 5.94 2.00
2019-12-31 5.68 5.86 5.50 2.00
2018-12-31 4.64 4.68 4.60 2.00
NYSE:AXE Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-28 4.62
2018-09-28 3.40
2018-06-29 3.11
2018-03-30 3.27
2017-12-29 3.24
2017-09-29 4.33
2017-06-30 4.41
2017-03-31 3.85
2016-12-30 3.63
2016-09-30 2.69
2016-07-01 2.55
2016-04-01 2.82
2016-01-01 2.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Anixter International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Anixter International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Anixter International has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AXE Past Performance

  How has Anixter International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Anixter International's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Anixter International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Anixter International's 1-year earnings growth exceeds its 5-year average (42.9% vs -9.4%)
  • Anixter International's earnings growth has not exceeded the US Electronic industry average in the past year (42.9% vs 61%).
Earnings and Revenue History
Anixter International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Anixter International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AXE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-28 8,400.20 156.30 1,291.20
2018-09-28 8,294.90 114.90 1,254.60
2018-06-29 8,132.30 104.90 1,237.50
2018-03-30 7,995.80 110.20 1,230.30
2017-12-29 7,927.40 109.00 1,213.80
2017-09-29 7,808.20 145.40 1,208.30
2017-06-30 7,748.10 148.10 1,201.70
2017-03-31 7,702.40 128.80 1,195.70
2016-12-30 7,622.80 121.10 1,197.40
2016-09-30 7,564.00 89.80 1,181.00
2016-07-01 7,096.90 84.90 1,121.10
2016-04-01 6,621.60 93.60 1,063.20
2016-01-01 6,190.50 96.90 1,034.40
2015-10-02 5,806.50 127.20 969.20
2015-07-03 5,755.30 137.20 964.10
2015-04-03 5,617.80 152.20 945.10
2015-01-02 5,507.00 163.40 922.00
2014-10-03 5,653.70 185.70 956.50
2014-07-04 5,773.30 194.10 986.60
2014-04-04 6,009.90 195.70 1,030.80
2014-01-03 5,291.10 175.00 886.30
2013-09-27 6,172.40 147.60 1,065.00
2013-06-28 6,223.80 113.60 1,064.60
2013-03-29 6,221.30 111.50 1,062.30
2012-12-28 6,253.10 124.80 1,067.60
2012-09-28 6,207.70 169.20 1,051.80
2012-06-29 6,210.50 211.00 1,047.90
2012-03-30 6,198.80 215.40 1,045.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Anixter International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Anixter International used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Anixter International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Anixter International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Anixter International has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AXE Health

 How is Anixter International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Anixter International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Anixter International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Anixter International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Anixter International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Anixter International Company Filings, last reported 2 months ago.

NYSE:AXE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-28 1,570.40 1,251.80 81.00
2018-09-28 1,564.10 1,263.70 69.90
2018-06-29 1,507.40 1,335.60 110.40
2018-03-30 1,491.90 1,286.10 78.70
2017-12-29 1,459.00 1,247.90 116.00
2017-09-29 1,456.30 1,270.10 76.90
2017-06-30 1,396.40 1,331.20 178.00
2017-03-31 1,342.60 1,337.60 118.20
2016-12-30 1,292.20 1,378.80 115.10
2016-09-30 1,283.90 1,428.50 125.10
2016-07-01 1,249.80 1,514.40 133.20
2016-04-01 1,223.90 1,563.60 115.30
2016-01-01 1,179.40 1,642.90 151.30
2015-10-02 1,196.00 1,285.40 614.90
2015-07-03 1,195.80 940.70 206.20
2015-04-03 1,114.50 1,202.00 101.20
2015-01-02 1,133.00 1,202.00 92.00
2014-10-03 1,171.10 1,241.90 88.10
2014-07-04 1,148.30 822.10 121.40
2014-04-04 1,072.50 869.60 89.80
2014-01-03 1,027.40 831.10 57.30
2013-09-27 1,099.00 821.70 81.90
2013-06-28 1,037.10 852.50 57.40
2013-03-29 1,012.60 904.80 58.70
2012-12-28 969.90 983.10 89.40
2012-09-28 957.30 1,034.00 136.60
2012-06-29 963.30 1,038.80 152.00
2012-03-30 1,085.50 853.20 71.90
  • Anixter International's level of debt (79.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (80.6% vs 79.7% today).
  • Debt is not well covered by operating cash flow (11%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess Anixter International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Anixter International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AXE Dividends

 What is Anixter International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Anixter International dividends. Estimated to be 0.88% next year.
If you bought $2,000 of Anixter International shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Anixter International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Anixter International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:AXE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:AXE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.50 1.00
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2018-12-31
NYSE:AXE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-02-02 0.000 0.000
2015-10-27 0.000 0.000
2015-07-28 0.000 0.000
2015-02-17 0.000 0.000
2015-02-03 0.000 0.000
2013-11-25 5.000 5.502

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Anixter International has not reported any payouts.
  • Unable to verify if Anixter International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Anixter International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Anixter International has not reported any payouts.
Future Payout to shareholders
  • Analysts do not expect the company to pay a dividend in 3 years, no need to check if it is sustainable.
X
Income/ dividend checks
We assess Anixter International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Anixter International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Anixter International has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AXE Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Galvin
COMPENSATION $3,066,791
AGE 55
TENURE AS CEO 0.8 years
CEO Bio

Mr. William A. Galvin, also known as Bill, has been the President at Anixter International Inc. since July 1, 2017 and serves as its Chief Executive Officer since July 2018 and served as its Executive Vice President of Network and Security Solutions from 2007 to June 2017. Mr. Galvin served as an Executive Vice President of Enterprise Cabling and Security Solutions at Anixter International Inc. since 2012. He has various executive and senior management positions since 1987 of Anixter Inc. Mr. Galvin served as Executive Vice President of North America and Emea Enterprise Cabling and Security Solutions at Anixter International Inc. from 2007 to 2012. Mr. Galvin has held several sales and marketing management roles over his 26 years of experience.

CEO Compensation
  • Bill's compensation has increased by more than 20% in the past year.
  • Bill's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Anixter International management team in years:

4.1
Average Tenure
55
Average Age
  • The tenure for the Anixter International management team is about average.
Management Team

Bill Galvin

TITLE
President & CEO
COMPENSATION
$3M
AGE
55
TENURE
0.8 yrs

Ted Dosch

TITLE
Executive VP of Finance & CFO
COMPENSATION
$2M
AGE
59
TENURE
7.7 yrs

Bob Graham

TITLE
Executive Vice President of Electrical & Electronic Solutions
COMPENSATION
$2M
AGE
50
TENURE
3.7 yrs

Orlando McGee

TITLE
Executive Vice President of Operations
AGE
56
TENURE
1.2 yrs

Scott Ramsbottom

TITLE
Executive VP & Chief Information Officer
AGE
44
TENURE
4.1 yrs

Kevin Burns

TITLE
Senior VP of Investor Relations & Treasurer

Justin Choi

TITLE
Executive VP
COMPENSATION
$2M
AGE
52
TENURE
6.8 yrs

Rod Smith

TITLE
Executive Vice President of Human Resources
COMPENSATION
$634K
AGE
60
TENURE
12.6 yrs

Rodney Shoemaker

TITLE
Senior VP & Treasurer
COMPENSATION
$559K
AGE
60
TENURE
4.8 yrs

Bill Geary

TITLE
Executive Vice President of Network & Security Solutions
AGE
47
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the Anixter International board of directors in years:

19.5
Average Tenure
69.5
Average Age
  • The average tenure for the Anixter International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Sam Zell

TITLE
Chairman
COMPENSATION
$390K
AGE
76
TENURE
34.2 yrs

F. Handy

TITLE
Director
COMPENSATION
$225K
AGE
73
TENURE
33.2 yrs

Mel Klein

TITLE
Director
COMPENSATION
$265K
AGE
76
TENURE
34.2 yrs

Linda Bynoe

TITLE
Director
COMPENSATION
$253K
AGE
66
TENURE
13.2 yrs

Stuart Sloan

TITLE
Director
COMPENSATION
$215K
AGE
74
TENURE
25.2 yrs

James Blyth

TITLE
Director
COMPENSATION
$245K
AGE
77
TENURE
24.2 yrs

George Muñoz

TITLE
Director
COMPENSATION
$215K
AGE
66
TENURE
14.8 yrs

Bob Eck

TITLE
Director
COMPENSATION
$6M
AGE
59
TENURE
10.7 yrs

Jake Brace

TITLE
Director
COMPENSATION
$245K
AGE
61
TENURE
10.2 yrs

Scott Peppet

TITLE
Director
COMPENSATION
$215K
AGE
49
TENURE
4.3 yrs
Who owns this company?
Recent Insider Trading
  • Anixter International insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Feb 19 Sell F. Handy Individual 15. Feb 19 20. Feb 19 -7,500 $62.71 $-466,785
01. May 18 Buy Justin Choi Individual 30. Apr 18 01. May 18 1,500 $60.51 $89,832
01. May 18 Buy Frederic Brace Individual 01. May 18 01. May 18 1,000 $60.35 $60,350
30. Apr 18 Buy Theodore Dosch Individual 30. Apr 18 30. Apr 18 4,200 $61.07 $254,312
30. Apr 18 Buy Melvyn Klein Individual 30. Apr 18 30. Apr 18 2,000 $58.95 $117,800
X
Management checks
We assess Anixter International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Anixter International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AXE News

Simply Wall St News

Does Anixter International Inc. (NYSE:AXE) Create Value For Shareholders?

Anixter International has a ROE of 10.0%, based on the last twelve months. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

One Thing To Remember About The Anixter International Inc. (NYSE:AXE) Share Price

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Here’s What Anixter International Inc.’s (NYSE:AXE) Return On Capital Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What does Anixter International Inc.'s (NYSE:AXE) Balance Sheet Tell Us About Its Future?

Mid-caps stocks, like Anixter International Inc. … (NYSE:AXE) with a market capitalization of US$2.0b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories.

Simply Wall St -

Anixter International Inc.'s (NYSE:AXE) Most Important Factor To Consider

(NYSE:AXE), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Today we will examine Anixter International’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Anixter International generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating

Simply Wall St -

Have Insiders Been Buying Anixter International Inc. (NYSE:AXE) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Anixter International Inc. … However, most countries require that the company discloses such transactions to the market. … Anixter International Insider Transactions Over The Last Year.

Simply Wall St -

What You Must Know About Anixter International Inc.'s (NYSE:AXE) Financial Strength

Investors are always looking for growth in small-cap stocks like Anixter International Inc. … However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Does Anixter International Inc. (NYSE:AXE) Have A Good P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Based on the last twelve months, Anixter International's P/E ratio is 15.39. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Estimating The Intrinsic Value Of Anixter International Inc (NYSE:AXE)

I am going to run you through how I calculated the intrinsic value of Anixter International Inc (NYSE:AXE). … by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF).

Simply Wall St -

Understanding Your Return On Investment In Anixter International Inc (NYSE:AXE)

and looking to gauge the potential return on investment in Anixter International Inc (NYSE:AXE). … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Thus, to understand how your money can grow by investing in Anixter International, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

AXE Company Info

Description

Anixter International Inc., through its subsidiary, Anixter Inc., distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The company operates through Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS) segments. The NSS segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switches, and other ancillary products for the technology, finance, transportation, education, government, healthcare, and retail industries, as well as telecommunications service providers. The EES Solutions segment provides electrical and electronic wires and cables, shipboard cables, support and supply products, low-voltage and instrumentation cables, industrial communication and control products, security cables, connectors, industrial Ethernet switches, and voice and data cables to the commercial and industrial, and original equipment manufacturer markets. The UPS segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies, and smart-grid products, as well as arranges materials management and procurement outsourcing for the power generation and transmission, and electricity distribution industries. The company serves contractors, installers, system integrators, value-added resellers, architects, engineers, and wholesale distributors in various industries, including manufacturing, resource extraction, telecommunications, Internet service providers, finance, education, healthcare, retail, transportation, utilities, and defense, as well as government customers. The company was formerly known as Itel Corporation. Anixter International Inc. was founded in 1957 and is headquartered in Glenview, Illinois.

Details
Name: Anixter International Inc.
AXE
Exchange: NYSE
Founded: 1957
$1,898,085,849
33,481,846
Website: http://www.anixter.com
Address: Anixter International Inc.
2301 Patriot Boulevard,
Glenview,
Illinois, 60026,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AXE Common Stock New York Stock Exchange US USD 19. Sep 1983
DB AX1 Common Stock Deutsche Boerse AG DE EUR 19. Sep 1983
Number of employees
Current staff
Staff numbers
9,300
Anixter International employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:32
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/28
Last annual earnings reported: 2018/12/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.