AXIS Capital Holdings Limited Financial Ratios — AXS Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	0.22	11.76	14.36	14.29	10.1	7.34	-6.65	0.01	4.72	-2.55	9.83	3.1	5.45	15.25	12.61
Return on Assets (%)	0.27	2.99	3.78	4.1	3.21	2.52	-1.62	0.18	1.3	-0.47	2.32	0.81	1.3	3.44	3.01
Return on Capital (%)	1.64	10.45	12.39	12.58	9.1	6.85	- -	- -	4.61	- -	8.46	3.4	5.24	- -	10.85
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	1.6	14.13	17.61	18.66	15.23	12.64	-8.29	0.24	6.51	-2.71	12.19	4.58	7.13	16.75	18.93
Profit Margin (%)	1.2	14.04	17.44	18.22	15.16	12.44	-8.31	0.84	6.24	-2.53	11.62	4.21	6.73	17.97	15.7
Net Income to Common Margin (%)	0.25	13.06	16.47	17.31	14.21	11.31	-9.36	0.01	5.45	-3.16	11.06	3.64	6.19	17.47	15.23
Effective Tax Rate (%)	24.75	0.6	0.95	3.12	0.47	1.22	- -	- -	7.02	- -	9.61	9.06	6.6	- -	17.82
Dvd Payout Ratio (%)	2,189.34	23.67	17.05	15.51	19.73	26.92	-33.93	33,712.63	49.13	-95.02	24.75	77.45	44.44	14.43	14.58
Sustainable Growth Rate (%)	-4.68	8.98	11.92	12.08	8.11	5.36	-8.9	-2.24	2.4	-4.97	7.4	0.7	3.03	13.05	10.77

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	995	995	996	991	992	993	1,377	1,342	1,924	1,450	1,430	1,496	1,523	1,488	1,493
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	995	995	996	991	992	993	1,377	1,342	1,924	1,450	1,430	1,496	1,523	1,488	1,493
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	63	62	62	75	51	51	55	67	68	75	62	63	68	68	67
Common Equity/Total Assets	23.35	23.87	25.8	28.65	31.01	31.37	24.16	24.51	23.66	22.28	22.68	22.57	21.3	22.47	23.75
Long-Term Debt/Equity (%)	18.27	17.22	16.97	16.85	16.91	15.83	25.77	26.68	34.7	27.38	26.44	32.25	28.93	24.44	23.49
Long-Term Debt/Capital (%)	17.6	16.59	14.78	13.4	12.69	11.48	16.92	16.71	21.97	18.67	17.47	18.04	17.88	15.86	14.6
Long-Term Debt/Total Assets (%)	5.59	5.28	5.07	4.96	4.96	4.77	5.56	5.56	7.51	5.6	5.23	5.41	5.03	4.55	4.33
Total Debt/Equity (%)	18.27	17.22	16.97	16.85	16.91	15.83	25.77	26.68	34.7	27.38	26.44	32.25	28.93	24.44	23.49
Total Debt/Capital (%)	17.6	16.59	14.78	13.4	12.69	11.48	16.92	16.71	21.97	18.67	17.47	18.04	17.88	15.86	14.6
Total Debt/Total Assets (%)	5.59	5.28	5.07	4.96	4.96	4.77	5.56	5.56	7.51	5.6	5.23	5.41	5.03	4.55	4.33
Net Debt to Equity	0.24	4.07	1.24	1.17	0.06	-0.74	8.01	2.17	10.23	7.68	8.62	13.84	8.47	-12.51	8.85
Net Debt/Capital (%)	0.27	4.49	1.25	1.07	0.05	-0.61	5.96	1.61	7.54	5.93	6.35	8.51	5.9	-10.53	5.98
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	23.35	23.87	25.8	28.65	31.01	31.37	24.16	24.51	23.66	22.28	22.68	22.57	21.3	22.47	23.75
Long-Term Debt/Equity (%)	18.27	17.22	16.97	16.85	16.91	15.83	25.77	26.68	34.7	27.38	26.44	32.25	28.93	24.44	23.49
Long-Term Debt/Capital (%)	17.6	16.59	14.78	13.4	12.69	11.48	16.92	16.71	21.97	18.67	17.47	18.04	17.88	15.86	14.6
Long-Term Debt/Total Assets (%)	5.59	5.28	5.07	4.96	4.96	4.77	5.56	5.56	7.51	5.6	5.23	5.41	5.03	4.55	4.33
Total Debt/Equity (%)	18.27	17.22	16.97	16.85	16.91	15.83	25.77	26.68	34.7	27.38	26.44	32.25	28.93	24.44	23.49
Total Debt/Capital (%)	17.6	16.59	14.78	13.4	12.69	11.48	16.92	16.71	21.97	18.67	17.47	18.04	17.88	15.86	14.6
Total Debt/Total Assets (%)	5.59	5.28	5.07	4.96	4.96	4.77	5.56	5.56	7.51	5.6	5.23	5.41	5.03	4.55	4.33
CFO/Total Liabilities	9.63	8.57	7.97	6.13	5.61	2.8	1.33	0.06	0.99	1.67	5.45	3.46	5.02	6.94	-0.15
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.74	0.74	0.81	0.85	0.88	0.88	0.66	0.7	0.69	0.63	0.64	0.63	0.6	0.67	0.7

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	1.26	1.19	1.2	1.21	1.09	0.95	0.81	0.78	0.74	0.64	0.67	0.61	0.59	0.6	0.56
Days Sales Outstanding	289.73	305.46	304.48	301.52	336.25	385.26	451.94	468.42	495.05	572.89	547.07	598.15	622.56	611.91	655.6
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	3,915	4,231	5,406	5,332	5,544	5,925	4,227	4,312	4,987	4,246	4,614	4,597	4,714	7,459	8,374
- Cash & Cash Equivalents	982	760	923	922	988	1,039	949	1,233	1,241	903	845	751	953	2,143	820
+ Preferred Equity and Hybrid Capital	500	503	628	628	628	1,126	775	775	775	550	550	550	550	550	550
+ Minority/Non Controlling Interest	- -	- -	50	59	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	995	995	996	991	992	993	1,377	1,342	1,924	1,450	1,430	1,496	1,523	1,488	1,493
Enterprise Value	-7,340	-7,734	-6,578	80	-6,177	-5,159	206	-6,383	-6,062	-6,861	-6,594	1,698	1,482	2,577	4,697
Total Capital	5,652	5,998	6,739	7,395	7,816	8,649	8,133	8,032	8,758	7,766	8,187	8,296	8,515	9,382	10,227
Total Debt/Capital (%)	17.6	16.59	14.78	13.4	12.69	11.48	16.92	16.71	21.97	18.67	17.47	18.04	17.88	15.86	14.6
Total Debt / EV	-0.14	-0.13	-0.15	12.45	-0.16	-0.19	6.69	-0.21	-0.32	-0.21	-0.22	0.88	1.03	0.58	0.32
EV/Sales	- -	- -	- -	0.02	0.11	0.37	0.05	0.04	0.25	0.05	0.2	0.32	0.27	0.43	0.73
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	0.09	0.53	3.33	0.66	0.89	5.04	0.58	0.86	1.98	1.12	1.34	339.18
EV/Free Cash Flow to Firm	- -	- -	- -	0.09	0.53	3.33	0.66	0.89	5.04	0.58	0.86	1.98	1.12	1.34	339.18
Diluted Market Cap	4,095	4,283	5,486	5,401	5,601	5,975	4,227	4,338	5,021	4,246	4,646	4,641	4,762	7,548	8,489
Diluted Enterprise Value	4,608	5,022	6,237	6,156	6,233	7,055	5,430	5,222	6,479	5,343	5,782	5,936	5,882	7,443	9,712
EV per Share	- -	- -	- -	0.76	4.55	16.76	2.45	2.54	15.75	2.81	12.77	20.01	17.4	30.62	60.07
TTM Sales	3,846	3,897	4,170	4,451	4,233	4,127	4,442	5,120	5,185	4,761	5,321	5,305	5,591	6,019	6,426
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	1,237	1,182	1,158	935	842	457	313	237	262	411	1,254	855	1,319	1,916	14
TTM Free Cash Flow to Firm	1,237	1,182	1,158	935	842	457	313	237	262	411	1,254	855	1,319	1,916	14

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	3.44	3.82	5	6.26	7.08	14.69	16.31	402.68	25.23	12.36	3.88	5.82	3.79	4.09	-207.38
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-7,340	-7,734	-6,578	80	-6,177	-5,159	206	-6,383	-6,062	-6,861	-6,594	1,698	1,482	2,577	4,697
Low Price	24.8	30.35	34.95	41.82	47.65	51.01	49.42	47.43	50.65	31.82	44.26	48.32	51.25	53.88	83.9
EV/Sales	- -	- -	- -	0.02	0.11	0.37	0.05	0.04	0.25	0.05	0.2	0.32	0.27	0.43	0.73
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	415.17	8.31	7.87	6.92	9.22	12.69	- -	10,888.87	17.66	- -	7.84	23.84	13.62	7.09	8.56
Price/Earnings Average	415	8.09	7.23	6.29	8.83	10.88	-12.5	11,608.81	17.64	-26.04	7.36	24.17	13.75	5.78	7.75
Price/Earnings High	491.17	9.31	8.23	7.07	9.84	12.88	-14.37	12,797.16	20.06	-37	8.44	27.02	15.74	7.6	8.82
Price/Earnings Low	322.16	7.28	5.78	5.66	7.81	9.92	-10	10,001.14	15.05	-17.79	6.37	21.27	12.61	4.31	6.7
Price/Book Value	0.94	0.94	1.07	0.93	0.89	0.91	0.71	0.73	0.82	0.74	0.74	0.74	0.73	1.02	1.02
Price/Book Value Average	0.94	0.92	0.98	0.85	0.86	0.78	0.87	0.78	0.82	0.68	0.7	0.75	0.74	0.83	0.93
Price/Book Value High	1.11	1.05	1.12	0.95	0.95	0.92	1	0.86	0.93	0.97	0.8	0.83	0.85	1.09	1.05
Price/Book Value Low	0.73	0.82	0.78	0.76	0.76	0.71	0.69	0.67	0.7	0.47	0.6	0.66	0.68	0.62	0.8
Price/Tangible Book Value	0.81	0.82	1.05	1.03	1.08	1.17	1.06	1.11	1.13	0.96	1.01	1.21	1.07	1.41	1.5
Price/Tangible Book Value Average	0.81	0.8	0.96	0.94	1.03	1	1.3	1.19	1.12	0.89	0.95	1.23	1.08	1.15	1.36
Price/Tangible Book Value High	0.96	0.92	1.1	1.06	1.15	1.19	1.49	1.31	1.28	1.26	1.09	1.37	1.23	1.51	1.55
Price/Tangible Book Value Low	0.63	0.72	0.77	0.85	0.91	0.91	1.04	1.02	0.96	0.61	0.82	1.08	0.99	0.86	1.18
Price/Sales	1.02	1.09	1.3	1.2	1.31	1.44	0.95	0.84	0.96	0.89	0.87	0.87	0.84	1.24	1.3
Price/Sales Average	1.02	1.06	1.19	1.09	1.26	1.23	1.17	0.9	0.96	0.82	0.81	0.88	0.85	1.01	1.18
Price/Sales High	1.2	1.22	1.36	1.22	1.4	1.46	1.35	0.99	1.09	1.17	0.93	0.98	0.97	1.33	1.34
Price/Sales Low	0.79	0.95	0.95	0.98	1.11	1.12	0.94	0.77	0.82	0.56	0.7	0.77	0.78	0.75	1.02
Price/Cash Flow	3.29	3.78	4.93	6.18	7.01	14.57	16.31	400.26	25.06	12.36	3.85	5.76	3.75	4.04	-204.57
Price/Cash Flow Average	3.29	3.67	4.53	5.62	6.72	12.48	20.05	426.72	25.02	11.42	3.62	5.84	3.79	3.29	-185.41
Price/Cash Flow High	3.89	4.23	5.15	6.32	7.48	14.78	23.06	470.41	28.46	16.23	4.15	6.53	4.34	4.33	-210.78
Price/Cash Flow Low	2.55	3.31	3.62	5.06	5.94	11.38	16.03	367.63	21.35	7.81	3.13	5.14	3.48	2.46	-160.27
Price/Free Cash Flow Average	3.44	3.72	4.6	5.69	6.79	12.59	20.05	429.31	25.2	11.42	3.64	5.89	3.83	3.33	-187.96
Price/Free Cash Flow High	4.07	4.28	5.23	6.4	7.56	14.91	23.06	473.26	28.66	16.23	4.17	6.59	4.38	4.38	-213.68
Price/Free Cash Flow Low	2.67	3.35	3.67	5.13	6	11.48	16.03	369.86	21.5	7.81	3.15	5.19	3.51	2.49	-162.47
EV/Sales Average	1.15	1.25	1.37	1.26	1.4	1.49	1.44	1.07	1.24	1.05	1.03	1.12	1.05	0.99	1.37
EV/Sales High	1.34	1.41	1.54	1.39	1.55	1.72	1.62	1.16	1.37	1.4	1.15	1.23	1.17	1.31	1.53
EV/Sales Low	0.92	1.14	1.13	1.15	1.26	1.38	1.21	0.95	1.1	0.79	0.92	1.02	0.98	0.74	1.21
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	31.96	34.64	47.57	51.09	56.22	65.27	50.26	51.64	59.44	50.39	54.47	54.17	55.37	88.62	107.09
High Price	37.81	38.8	49.75	52.21	60	66.23	71.06	60.69	67.51	66.16	58.61	61.39	63.99	94.89	110.34
Enterprise Value Average	4,426	4,857	5,719	5,603	5,945	6,156	6,400	5,481	6,437	5,021	5,468	5,955	5,877	5,972	8,812
Enterprise Value High	5,145	5,478	6,404	6,205	6,548	7,091	7,180	5,952	7,121	6,672	6,101	6,505	6,567	7,881	9,851
Enterprise Value Low	3,551	4,445	4,722	5,120	5,330	5,710	5,360	4,845	5,707	3,778	4,885	5,395	5,483	4,430	7,783

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	126	118	109	99	96	86	83	84	84	84	85	85	85	83	74
Diluted Weighted Avg Shares	128	124	115	106	100	92	84	84	84	84	85	86	86	85	79
Basic Weighted Avg Shares	122	122	114	104	99	91	84	84	84	84	85	85	85	84	78
Revenue per Share	31.39	31.9	36.7	42.65	42.92	45.47	52.81	61.31	61.81	56.5	62.82	62.51	65.66	71.51	82.18
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	0.08	4.17	6.05	7.38	6.1	5.14	-4.94	- -	3.37	-1.79	6.95	2.27	4.06	12.49	12.52
Basic EPS from Cont Ops	0.38	4.48	6.4	7.71	6.51	5.66	-4.39	0.52	3.86	-1.43	7.3	2.63	4.42	12.85	12.9
Diluted EPS, GAAP	0.07	4.12	5.96	7.29	6.04	5.1	-4.94	- -	3.34	-1.79	6.9	2.25	4.02	12.35	12.35
Diluted EPS from Cont Ops	0.36	4.43	6.31	7.61	6.44	5.61	-4.39	0.51	3.83	-1.43	7.25	2.6	4.37	12.7	12.73
Dividend per Share	1.99	1.3	1.39	1.51	1.61	1.9	2.23	2.11	2.14	2.06	2.08	2.12	2.16	2.16	2.21
Cash Flow per Share	9.72	9.17	9.65	8.26	8.02	4.48	3.08	0.13	2.37	4.08	14.14	9.4	14.75	21.92	-0.52
Free Cash Flow per Basic Share	9.72	9.17	9.65	8.26	8.02	4.48	3.08	0.13	2.37	4.08	14.14	9.4	14.75	21.92	-0.52
Cash & Equivalents per Share	104.08	110.22	120.19	66.4	135.28	145.45	73.39	153.44	163.87	155.54	155.7	58.27	62.31	82.22	73.15
Book Value per Share	33.94	36.84	44.57	54.78	62.84	71.94	71.12	70.84	72.22	68.43	73.28	73.64	75.67	87.25	104.66
Tangible Book Value per Share	39.55	42.4	45.33	49.47	52.25	55.76	47.55	46.42	52.77	52.47	53.73	44.68	51.98	62.93	71.28

AXIS Capital Holdings Limited

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)