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AXA SA (AXAHY)
OTHER OTC:AXAHY
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AXA SA
(OTC:AXAHY)
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Rating:73Outperform
Price Target:
$52.00
▲(11.42% Upside)
AXA SA's overall stock score reflects strong financial performance and positive earnings call sentiment. The company's solid revenue growth, improved profitability, and strategic acquisitions are significant strengths. However, technical indicators suggest a neutral market position, and financial leverage poses some risk.
AXA SA (AXAHY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$100.47B
Dividend Yield5.22%
Average Volume (3M)68.30K
Price to Earnings (P/E)12.2
Beta (1Y)0.42
Revenue Growth-0.39%
EPS Growth9.10%
CountryUS
Employees100,041
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)2.35
Shares Outstanding2,168,251,200
10 Day Avg. Volume82,807
30 Day Avg. Volume68,301
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)1.56
Price to Sales (P/S)0.87
P/FCF Ratio6.51
Enterprise Value/Market Cap1.92
Enterprise Value/Revenue2.15
Enterprise Value/Gross Profit2.15
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$52.00Price Target Upside11.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
AXA SA Business Overview & Revenue Model
Company DescriptionAXA SA, through its subsidiaries, provides insurance, asset management, and banking services worldwide. The company operates through France, Europe, Asia, AXA XL, International, and Transversal & Central Holdings segments. It offers life and savings insurance products, such as savings and retirement, other health, and personal protection products. The company also provides property and casualty insurance products, including car, home, and personal or professional liability to individual and business clients; international insurance for large corporate clients in Europe; and marine and aviation, as well as property and casualty reinsurance products. In addition, it offers asset management services in the areas of various asset classes, including equities, bonds, hedge funds, private equity, and real estate for the group's insurance companies and their clients, and retail and institutional clients. The company was founded in 1852 and is based in Paris, France.
How the Company Makes MoneyAXA generates revenue through multiple key streams, primarily through insurance premiums collected from policyholders in its life, health, and property/casualty segments. The company also earns income from investment management fees charged on assets it manages, as well as from its investment portfolio, which includes equities, bonds, and real estate. Additionally, AXA benefits from reinsurance arrangements, where it cedes a portion of the risk to other insurers for a fee. Significant partnerships with financial institutions and distribution networks enhance AXA's access to new customers and markets, further contributing to its earnings. Overall, the company's diversified approach to insurance and investment services allows it to maintain a stable revenue base.
AXA SA Earnings Call Summary
Earnings Call Date:Aug 01, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 19, 2026
Earnings Call Sentiment Positive
AXA Group delivered strong revenue and earnings growth across all business segments, with strategic acquisitions enhancing market positions. Although there were challenges in asset management and UK motor pricing, the group's robust financial performance and strategic focus on insurance underscore a positive outlook.Q2-2025 Updates
Positive Updates
Revenue Growth
AXA Group's revenue increased by 7% to over EUR 64 billion, driven by growth across all business lines and regions.
Underlying Earnings Increase
Underlying earnings rose by 6% to EUR 4.5 billion, with earnings per share increasing by 8%.
Robust Solvency Ratio
AXA's Solvency II ratio improved to 220%, up by 4 points from 2024.
Acquisition in Italy
AXA acquired 51% of Prima, an Italian insurer, for EUR 500 million, doubling its market share in Italy's motor insurance segment.
P&C Segment Growth
Property & Casualty (P&C) revenues reached EUR 34.1 billion, up by 6%, driven by both Commercial and Personal lines.
Life & Health Segment Growth
Life & Health revenues increased by 8% to EUR 29.2 billion, with Life segment revenues rising 9%.
Successful Asset Management Transition
Despite challenges, AXA IM managed to avoid asset losses during the transition to BNP Paribas.
Strong German Market Performance
AXA reported strong growth across all lines of business in Germany, with improved profitability and customer satisfaction.
Negative Updates
Decline in Asset Management Earnings
AXA IM's earnings declined by 14% due to increased costs during the transitional period to BNP Paribas.
Softening UK Motor Pricing
The UK motor market experienced a 5% decrease in pricing, affecting overall market profitability.
Company Guidance
During the 2025 Half Year Earnings Press Conference for AXA Group, key metrics highlighted included a 7% increase in revenue, reaching over EUR 64 billion, and a 6% rise in underlying earnings totaling EUR 4.5 billion. Underlying earnings per share also grew by 8%, aligning with the strategic plan's annual target range of 6% to 8%. The Solvency II ratio remained strong at 220%, a 4-point increase from 2024. The Property & Casualty (P&C) segment saw a revenue increase of 6% to EUR 34.1 billion, driven by a 5% growth in Commercial insurance and a 7% rise in Personal lines. Life & Health revenue increased by 8% to EUR 29.2 billion, with the Life segment growing 9% to EUR 19.1 billion and Health premiums rising 6% to EUR 10.1 billion. AXA also announced the acquisition of 51% of Prima, an Italian insurer, for EUR 500 million, which is expected to double its market share in Italy's motor insurance sector.AXA SA Financial Statement Overview
Summary
AXA SA demonstrates solid financial health with steady revenue growth and improved profitability. The strong free cash flow supports its operational effectiveness, though leverage and low equity ratios highlight potential financial risks. Continued monitoring of revenue and expense management is advised to ensure sustained profitability and financial stability.Income Statement
AXA SA shows a stable revenue base with Total Revenue at €89.8 billion in 2024, reflecting a moderate growth from 2023. The Net Profit Margin improved slightly to 8.8% in 2024 from 8.2% in 2023, indicating efficient cost management. However, the EBIT and EBITDA data for 2024 are missing, limiting a full profitability analysis. Revenue growth and net income improvements highlight a positive trajectory, but the absence of EBIT data poses some risk to the earnings stability.72
Positive
Balance Sheet
The company's Debt-to-Equity Ratio is 1.24, reflecting a moderate level of leverage typical for the insurance industry. The Return on Equity (ROE) improved to 15.8% in 2024, demonstrating effective use of equity. However, the Equity Ratio is relatively low at 7.6%, suggesting a high reliance on liabilities. Strong cash position with cash equivalents of €333.6 billion is a positive aspect, but high liabilities remain a concern.68
Positive
Cash Flow
AXA SA's Free Cash Flow grew significantly by 99.5% in 2024, indicating strong cash generation capability. The Operating Cash Flow to Net Income Ratio is 1.58, suggesting robust cash flow relative to net income. The Free Cash Flow to Net Income Ratio is 1.52, further confirming the company's ability to generate cash. Despite the positive cash flow metrics, reliance on cash reserves for investments might limit future growth potential.75
Positive
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 89.82B | 87.15B | 86.79B | 111.69B | 112.35B |
| Gross Profit | 89.82B | 87.15B | 86.79B | 99.03B | 112.35B |
| EBITDA | 10.59B | -738.00M | 7.29B | 10.05B | 2.84B |
| Net Income | 7.89B | 7.19B | 5.06B | 7.29B | 3.16B |
Balance Sheet | |||||
| Total Assets | 653.76B | 644.45B | 696.70B | 775.49B | 804.59B |
| Cash, Cash Equivalents and Short-Term Investments | 333.57B | 320.12B | 323.68B | 424.91B | 455.34B |
| Total Debt | 62.14B | 59.54B | 63.75B | 61.84B | 66.28B |
| Total Liabilities | 601.28B | 597.49B | 648.32B | 700.26B | 728.41B |
| Stockholders Equity | 49.94B | 49.58B | 46.07B | 71.13B | 71.61B |
Cash Flow | |||||
| Free Cash Flow | 11.99B | 6.01B | 7.53B | 6.18B | 25.14B |
| Operating Cash Flow | 12.47B | 6.44B | 7.88B | 6.53B | 25.53B |
| Investing Cash Flow | -11.25B | -1.59B | -155.00M | -8.95B | -11.43B |
| Financing Cash Flow | -7.33B | -4.34B | -6.12B | -4.33B | -4.93B |
AXA SA Technical Analysis
Positive
46.67
Price Trends
47.47
Negative
47.92
Negative
44.05
Positive
Market Momentum
-0.25
Negative
48.31
Neutral
68.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AXAHY, the sentiment is Positive. The current price of 46.67 is below the 20-day moving average (MA) of 46.82, below the 50-day MA of 47.47, and above the 200-day MA of 44.05, indicating a neutral trend. The MACD of -0.25 indicates Negative momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 68.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AXAHY.
AXA SA Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $33.43B | 9.25 | 17.09% | ― | 23.79% | -32.09% | |
74 Outperform | $34.86B | 11.24 | 19.55% | 1.68% | 7.67% | 15.99% | |
73 Outperform | $100.47B | 12.22 | 16.54% | 5.22% | -0.39% | 9.10% | |
69 Neutral | $12.13B | 8.49 | 14.42% | 5.74% | -6.19% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $45.02B | 15.06 | 7.61% | 2.21% | -33.87% | -5.72% | |
67 Neutral | $18.02B | 16.29 | 10.16% | 3.85% | -3.34% | -3.32% |
* Financial Sector Average
AXAHY
AXA SA
46.67
8.97
23.79%
AEG
Aegon
7.56
1.45
23.73%
AIG
American International Group
77.02
0.14
0.18%
ACGL
Arch Capital Group
86.23
-16.97
-16.44%
HIG
Hartford Financial
123.99
4.00
3.33%
PFG
Principal Financial
78.39
-8.78
-10.07%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.