Axis Capital Holdings Ltd

Finance
Property-Casualty Insurers
www.axiscapital.com

Earnings Score
Moat Score

Market Cap $7.56B
PE 12
Debt $NaN
Cash $1.47B
EV $NaN
FCF $1.77B

Earnings

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Sales & Net Margins

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Earnings	$615.33M
EBIT	$624.96M
ROE	10%
ROA	2%
FCF	$1.77B
Equity	$6.08B
Growth Stability	-68%
PE	12.29
PEG	0.73
PB	1.24
P/FCF	4.28
P/S	1.27
Price/Cash	0.19
Net Margins	17%
Op. Margins	10%
Earnings CAGR	5%
Sales Growth YoY	12%
Sales Growth QoQ	11%
Sales CAGR	4%
FCF CAGR	21%
Equity CAGR	-2%
Earnings Stability	0.01
Earnings Growth YoY	-4%

Earnings Growth QoQ	-15%
Earnings CAGR 5Y	17%
Sales CAGR 5Y	3%
FCF CAGR 5Y	55%
Equity CAGR 5Y	1%
Earnings CAGR 3Y	5%
Sales CAGR 3Y	5%
FCF CAGR 3Y	18%
Equity CAGR 3Y	7%
Market Cap	$7.56B
Revenue	$5.97B
Dividend Yield	2%
Payout Ratio	25%
Assets	$32.72B
Cash	$1.47B
Shares Outstanding	83.65M
Earnings Score	6%
Moat Score	68%
Shares Growth 3y	-0%
Equity Growth QoQ	7%
Equity Growth YoY	21%

Assets & ROA

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Stockholders Equity & ROE

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Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.

SEC Filings

Direct access to Axis Capital Holdings Ltd (AXS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 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 Axis Capital Holdings Ltd compare to its competitors?

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Peter Lynch's Chart

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

CAGR 5%

Stability 1%

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Axis Capital Holdings Ltd Discounted Cash Flow

Fully customizable DCF calculator online for Axis Capital Holdings Ltd.

Years

Calculation mode

= $77B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$1.8B	$2.1B	$2.6B	$3.1B	$3.8B	$4.6B	$5.6B	$6.7B	$8.2B	$9.9B	$12B	$120B
DCF		$1.9B	$2.1B	$2.4B	$2.6B	$2.9B	$3.1B	$3.5B	$3.8B	$4.2B	$4.6B	$46B
Value	$77B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	18%	15%	12%	-9%	0%	5%	-3%	11%	4%	6%	17%
ROA	-	3%	3%	-1%	0%	2%	-0%	3%	1%	2%	2%
ROE	-	10%	7%	-8%	0%	5%	-3%	11%	4%	7%	10%

Good Net Margins (17.06%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	-68%	0%	100%	-	100%	80%	100%	-68%

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.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-68%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-5%	-3%	15%	11%	2%	-6%	10%	-4%	10%	3%
Earnings YoY growth	-	-22%	-23%	-189%	-100%	71K%	-153%	-490%	-67%	79%	17%
Equity YoY growth	-	-0%	7%	-15%	-6%	10%	-4%	2%	-14%	13%	1%
FCF YoY growth	-	-10%	-50%	-43%	-107%	-1K%	120%	260%	-39%	87%	55%