A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
AXIS CAPITAL HOLDINGS LTD
AXS
$9.2B
Mkt Cap
$116.50
+1.64%
AXIS CAPITAL HOLDINGS LTD (AXS) has a current P/E ratio of 9.4, compared to its historical median P/E of 10.0. The stock is currently considered Fair based on its historical valuation range.
AXIS CAPITAL HOLDINGS LTD (AXS) has a 5-year average return on invested capital (ROIC) of 9.9%. This is below average and may indicate limited pricing power.
AXIS CAPITAL HOLDINGS LTD (AXS) has a market capitalization of $8.6B. It is classified as a mid-cap stock.
Yes, AXIS CAPITAL HOLDINGS LTD (AXS) pays a dividend with a trailing twelve-month yield of 1.61%. The company also returns capital through share buybacks, with a buyback yield of 5.89%.
Based on historical P/E analysis, AXIS CAPITAL HOLDINGS LTD (AXS) appears fair. The current P/E of 9.4 is 5% below its historical median of 10.0. The estimated fair value CAGR (P/E method) is 42.3%.
AXIS CAPITAL HOLDINGS LTD (AXS) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
AXIS CAPITAL HOLDINGS LTD (AXS) reported annual revenue of $6.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
In this Form 10-K, references to "AXIS Capital" refer to AXIS Capital Holdings Limited and references to "we", "us", "our", "AXIS", the "Group" or the "Company" refer to AXIS Capital Holdings Limited and its direct and indirect subsidiaries and branches, including: AXIS Specialty Holdings Bermuda Limited, AXIS Specialty Limited ("AXIS Specialty Bermuda"), AXIS Specialty Limited (Singapore Branch), AXIS Specialty Insurance Limited ("AXIS Specialty Insurance Bermuda"), AXIS Specialty Investments Limited, AXIS Specialty Investments II Limited, AXIS Specialty UK Holdings Limited, AXIS Managing Agency Ltd., AXIS Corporate Capital UK Limited, Novae Group Limited, AXIS UK Services Limited, AXIS UK Services Limited (Irish Branch), AXIS Underwriting Limited, AXIS Corporate Capital UK II Limited (sole corporate member of AXIS Syndicate 1686 ("Syndicate 1686") effective January 1, 2025 and sole corporate member of AXIS Energy Transition Syndicate 2050 ("Syndicate 2050")), AXIS ILS, Ltd.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.7B | 6.6B | 6.0B | 5.6B | 5.1B | 5.3B |
| Net Income | 1.0B | 979M | 1.1B | 346M | 193M | 588M |
| EPS | $13.73 | $12.35 | $12.35 | $4.02 | $2.25 | $6.90 |
| Free Cash Flow | 111M | -92M | 1.8B | 1.2B | 761M | 1.2B |
| ROIC | 13.5% | 14.2% | 16.2% | 5.8% | 3.5% | 9.8% |
| Gross Margin | - | - | - | - | - | 12.2% |
| Debt/Equity | 0.21 | 0.21 | 0.22 | 0.25 | 0.28 | 0.24 |
| Dividends/Share | $1.87 | $1.76 | $1.76 | $1.76 | $1.73 | $1.69 |
| Operating Income | 25M | 1.2B | 1.0B | 22M | 13M | 681M |
| Operating Margin | 0.4% | 18.7% | 17.2% | 0.4% | 0.3% | 12.8% |
| ROE | 16.3% | 15.7% | 18.5% | 7.0% | 3.8% | 11.0% |
| Shares Outstanding | 74M | 79M | 85M | 86M | 86M | 85M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 4.3B | 4.1B | 4.0B | 4.6B | 5.1B | 5.2B | 4.8B | 5.3B | 5.1B | 5.6B | 6.0B | 6.6B | 6.7B |
| Gross Margin | 19.1% | 15.6% | 13.0% | -8.0% | 0.2% | 6.5% | -2.7% | 12.2% | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 622M | 597M | 603M | 579M | 627M | 635M | 580M | 663M | 680M | 684M | 666M | 704M | 703M |
| EBIT | 830M | 645M | 520M | -377M | 11M | 16M | -8.1M | 681M | 13M | 22M | 1.0B | 1.2B | 25M |
| Op. Margin | 19.1% | 15.6% | 13.0% | -8.2% | 0.2% | 0.3% | -0.2% | 12.8% | 0.3% | 0.4% | 17.2% | 18.7% | 0.4% |
| Net Income | 771M | 602M | 465M | -416M | 43M | 282M | -151M | 588M | 193M | 346M | 1.1B | 979M | 1.0B |
| Net Margin | 17.7% | 14.6% | 11.6% | -9.1% | 0.8% | 5.5% | -3.1% | 11.1% | 3.8% | 6.1% | 17.7% | 14.9% | 15.5% |
| Non-Recurring | 0 | 46M | 0 | 0 | 67M | 37M | 9.1M | 0 | 31M | 29M | 26M | 0 | 23M |
| Returns on Capital | |||||||||||||
| ROIC | 12.7% | 9.9% | 7.1% | -6.4% | 0.7% | 5.0% | -2.3% | 9.8% | 3.5% | 5.8% | 16.2% | 14.2% | 13.5% |
| ROE | 13.2% | 10.3% | 7.7% | -7.2% | 0.8% | 5.3% | -2.8% | 11.0% | 3.8% | 7.0% | 18.5% | 15.7% | 16.3% |
| ROA | 3.9% | 3.0% | 2.3% | -1.8% | 0.2% | 1.1% | -0.6% | 2.2% | 0.7% | 1.2% | 3.3% | 2.9% | 2.9% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 862M | 791M | 407M | 259M | 11M | 199M | 344M | 1.2B | 798M | 1.3B | 1.8B | -41M | 169M |
| Free Cash Flow | 862M | 791M | 407M | 259M | 11M | 199M | 344M | 1.2B | 761M | 1.2B | 1.8B | -92M | 111M |
| Owner Earnings | 797M | 722M | 330M | 244M | -33M | 155M | 303M | 1.1B | 739M | 1.2B | 1.8B | -96M | 61M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39M | 37M | 31M | 17M | 51M | 58M |
| Maint. CapEx | 2.0M | 26M | 25M | 2.5M | 9.8M | 12M | 11M | 12M | 11M | 11M | 11M | 9.9M | 57M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 26M | 26M | 20M | 6.5M | 41M | 1.5M |
| D&A | 2.0M | 26M | 25M | 2.5M | 9.8M | 12M | 11M | 12M | 11M | 11M | 11M | 9.9M | 57M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 4.6% | 2.5% | 0.9% | N/A | 34.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 118M | 119M | 132M | 135M | 134M | 137M | 142M | 146M | 149M | 154M | 152M | 143M | 138M |
| Dividend Yield | 3.3% | 3.0% | 3.4% | 3.3% | 3.6% | 3.3% | 4.2% | 3.8% | 3.5% | 3.4% | 2.5% | 1.9% | 1.6% |
| Share Buybacks | 543M | 314M | 495M | 261M | 0 | 0 | 0 | 0 | 35M | 0 | 200M | 888M | 507M |
| Buyback Yield | 13.5% | 7.8% | 10.7% | 7.7% | N/A | N/A | N/A | N/A | 0.8% | N/A | 2.7% | 10.3% | 5.9% |
| Stock-Based Comp | 63M | 43M | 52M | 13M | 34M | 32M | 29M | 38M | 48M | 54M | 43M | 45M | 51M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -12.1B | -11.7B | -11.4B | -12.2B | -11.3B | -11.9B | -11.6B | -11.8B | 491M | 343M | -1.1B | 476M | 449M |
| Cash & Equiv. | 922M | 988M | 1.0B | 949M | 1.2B | 1.2B | 903M | 845M | 751M | 953M | 2.1B | 820M | 868M |
| Long-Term Debt | 494M | 0 | 993M | 1.4B | 1.3B | 718M | 1.3B | 1.3B | 975M | 975M | 675M | 675M | 1.3B |
| Debt/Equity | 0.17 | 0.17 | 0.16 | 0.26 | 0.27 | 0.33 | 0.25 | 0.24 | 0.28 | 0.25 | 0.22 | 0.21 | 0.21 |
| Interest Coverage | 11.1 | 12.6 | 10.1 | -6.9 | 0.2 | 0.2 | -0.1 | 10.9 | 0.2 | 0.3 | 15.1 | 18.4 | 0.4 |
| Equity | 5.8B | 5.9B | 6.3B | 5.3B | 5.0B | 5.5B | 5.3B | 5.4B | 4.6B | 5.3B | 6.1B | 6.4B | 6.4B |
| Total Assets | 20.0B | 20.0B | 20.8B | 24.8B | 24.1B | 25.6B | 25.9B | 27.4B | 27.7B | 30.3B | 32.7B | 34.5B | 35.6B |
| Total Liabilities | 14.1B | 14.1B | 14.5B | 19.4B | 19.1B | 20.1B | 20.6B | 22.0B | 23.0B | 25.0B | 26.6B | 28.1B | 29.2B |
| Intangibles | 16M | 14M | 38M | 258M | 242M | 231M | 220M | 209M | 198M | 187M | 176M | 166M | 164M |
| Retained Earnings | 5.7B | 6.2B | 6.5B | 6.0B | 5.9B | 6.1B | 5.8B | 6.2B | 6.2B | 6.4B | 7.3B | 8.2B | 8.4B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 7.29 | 6.04 | 5.08 | -4.94 | 0.51 | 3.34 | -1.79 | 6.90 | 2.25 | 4.02 | 12.35 | 12.35 | 13.73 |
| Owner EPS | 7.54 | 7.25 | 3.60 | 2.90 | -0.40 | 1.83 | 3.60 | 13.46 | 8.62 | 13.83 | 21.04 | -1.21 | 0.83 |
| Book Value | 55.06 | 58.91 | 68.46 | 63.46 | 60.18 | 65.58 | 62.91 | 63.45 | 54.14 | 61.14 | 71.52 | 80.21 | 86.30 |
| Cash Flow/Share | 8.16 | 7.94 | 4.44 | 3.08 | 0.13 | 2.35 | 4.08 | 14.05 | 9.31 | 14.59 | 21.67 | -0.52 | 14.83 |
| Dividends/Share | 1.10 | 1.22 | 1.43 | 1.53 | 1.57 | 1.61 | 1.65 | 1.69 | 1.73 | 1.76 | 1.76 | 1.76 | 1.87 |
| Shares Out. | 105.7M | 99.6M | 91.6M | 84.2M | 83.6M | 84.5M | 84.2M | 85.3M | 85.7M | 86.1M | 85.1M | 79.2M | 73.9M |
| Valuation | |||||||||||||
| P/E Ratio | 5.2 | 7.1 | 10.0 | N/A | N/A | 15.0 | N/A | 7.0 | 22.2 | 13.3 | 7.1 | 8.8 | 8.5 |
| P/FCF | 4.7 | 5.4 | 11.4 | 13.1 | 326.1 | 21.3 | 10.8 | 3.6 | 5.6 | 3.8 | 4.1 | N/A | 77.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | 329.1 | 289.4 | N/A | N/A | 365.6 | 219.5 | N/A | N/A | 358.4 |
| Price/Book | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 | 0.8 | 0.7 | 0.8 | 0.9 | 0.9 | 1.2 | 1.4 | 1.3 |
| Price/Sales | 0.8 | 1.0 | 1.0 | 0.9 | 0.7 | 0.8 | 0.7 | 0.7 | 0.8 | 0.8 | 1.0 | 1.2 | 1.3 |
| FCF Yield | 21.5% | 18.6% | 8.8% | 7.6% | 0.3% | 4.7% | 9.2% | 27.9% | 17.7% | 26.6% | 24.4% | -1.1% | 1.3% |
| Market Cap | 4.0B | 4.3B | 4.6B | 3.4B | 3.5B | 4.2B | 3.7B | 4.1B | 4.3B | 4.6B | 7.5B | 8.6B | 8.6B |
| Avg. Price | 33.95 | 40.29 | 42.84 | 48.58 | 44.45 | 49.30 | 39.99 | 45.43 | 50.42 | 53.00 | 70.50 | 96.55 | 116.50 |
| Year-End Price | 38.01 | 42.72 | 50.58 | 40.28 | 42.03 | 50.04 | 44.26 | 48.63 | 50.04 | 53.38 | 88.08 | 108.99 | 116.50 |
AXIS CAPITAL HOLDINGS LTD passes 6 of 9 quality checks, suggesting mixed fundamentals.
AXIS CAPITAL HOLDINGS LTD trades at 9.4x trailing earnings, compared to its 15-year median P/E of 10.0x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 9.9% with a gross margin of 12.2%. Total shareholder yield (dividends + buybacks) is 7.5%. At current prices, the estimated annualized return to fair value is +49.7%.
AXIS CAPITAL HOLDINGS LTD (AXS) has a net profit margin of 14.9%. This is a healthy margin.
AXIS CAPITAL HOLDINGS LTD (AXS) generated $-92 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
AXIS CAPITAL HOLDINGS LTD (AXS) has a debt-to-equity ratio of 0.21. This indicates a conservatively financed balance sheet.
AXIS CAPITAL HOLDINGS LTD (AXS) reported earnings per share (EPS) of $12.35 in its most recent fiscal year.
AXIS CAPITAL HOLDINGS LTD (AXS) has a return on equity (ROE) of 15.7%. This indicates the company generates strong returns for shareholders.
AXIS CAPITAL HOLDINGS LTD (AXS) has a 5-year average gross margin of 12.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for AXIS CAPITAL HOLDINGS LTD (AXS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AXIS CAPITAL HOLDINGS LTD (AXS) has a book value per share of $80.21, based on its most recent annual SEC filing.
No recent press releases.