Aflac Inc

Finance
Accident &Health Insurance
www.aflac.com

Earnings Score
Moat Score

Market Cap $58.45B
PE 11
Debt $7.46B
Cash $6.23B
EV $59.68B
FCF -

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$5.44B
EBIT	$6.42B
ROE	21%
ROA	5%
Equity	$26.10B
Growth Stability	89%
PE	10.74
PEG	2.04
PB	2.24
P/S	3.09
Price/Cash	0.11
Debt/Equity	0.29
Net Margins	29%
Op. Margins	34%
Earnings CAGR	7%
Sales Growth YoY	43%
Sales Growth QoQ	83%
Sales CAGR	-2%
Equity CAGR	3%
Earnings Stability	0.45
Earnings Growth YoY	610%
Earnings Growth QoQ	-2K%

Earnings CAGR 5Y	5%
Sales CAGR 5Y	-5%
Equity CAGR 5Y	-7%
Earnings CAGR 3Y	-5%
Sales CAGR 3Y	-5%
Equity CAGR 3Y	-1%
Market Cap	$58.45B
Revenue	$18.93B
Dividend Yield	2%
Payout Ratio	21%
Assets	$117.57B
Total Debt	$7.46B
Cash	$6.23B
Shares Outstanding	549.96M
EV	59.68B
Earnings Score	31%
Moat Score	87%
Shares Growth 3y	-6%
Equity Growth QoQ	5%
Equity Growth YoY	19%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accidents, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.

SEC Filings

Direct access to Aflac Inc (AFL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Aflac Inc compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Aflac Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 45%

loading chart...

Aflac Inc Discounted Cash Flow

Fully customizable DCF calculator online for Aflac Inc.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	12%	12%	21%	13%	15%	22%	20%	22%	25%	29%	29%
ROA	-	3%	3%	3%	3%	3%	4%	4%	4%	5%	5%
ROE	-	13%	19%	12%	11%	14%	13%	19%	21%	21%	21%

Good Net Margins (28.76%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	0.29	0.29
Growth Stability	-	-	-	89%	97%	100%	100%	100%	100%	100%	89%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.29)

The company is not overleveraged and has a good balance between equity and debt.

Neutral Graham’s Stability (89%)

The company has a stability in its earnings that is not too good nor too bad.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	8%	-4%	0%	3%	-1%	-0%	-12%	-4%	1%	-5%
Earnings YoY growth	-	5%	73%	-37%	13%	45%	-9%	-3%	11%	17%	5%
Equity YoY growth	-	16%	20%	-5%	23%	16%	-1%	-33%	-2%	19%	-7%
FCF YoY growth	-	-	-	-	-	-	-	-	-	-	-