Company Valuation: AXA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 62,576 62,187 64,437 72,930 83,440 87,987 - -
Change - -0.62% 3.62% 13.18% 14.41% 5.45% - -
Enterprise Value (EV) 1 59,292 94,301 96,039 113,315 118,464 103,587 103,587 103,587
Change - 59.04% 1.84% 17.99% 4.54% -12.56% 0% 0%
P/E 8.82x 9.21x 9.42x 9.81x 9.04x 10.5x 9.62x 8.91x
PBR 0.96x 1.49x 1.3x 1.4x 1.71x 1.82x 1.73x 1.68x
PEG - -1.95x 0.9x 0.8x 0.3x -1.17x 1x 1.12x
Capitalization / Revenue 0.63x 0.61x 0.77x 0.84x 0.92x 0.77x 0.73x 0.7x
EV / Revenue 0.59x 0.92x 1.15x 1.3x 1.3x 0.91x 0.87x 0.82x
EV / EBITDA - - - - - - - -
EV / EBIT 6.23x 10.1x 10.4x 10.9x 11.4x 8.99x 8.36x 7.89x
EV / FCF 9.6x 12.5x 16x 9.45x 5.4x 15.2x 14.4x 11.6x
FCF Yield 10.4% 7.98% 6.26% 10.6% 18.5% 6.57% 6.93% 8.59%
Dividend per Share 2 1.54 1.7 1.98 2.15 2.32 2.511 2.701 2.901
Rate of return 5.88% 6.52% 6.71% 6.26% 5.66% 5.77% 6.21% 6.67%
EPS 2 2.97 2.83 3.13 3.5 4.53 4.123 4.519 4.879
Distribution rate 51.9% 60.1% 63.3% 61.4% 51.2% 60.9% 59.8% 59.5%
Net sales 1 99,931 102,345 83,627 87,303 91,139 113,822 119,730 125,774
EBITDA - - - - - - - -
EBIT 1 9,514 9,329 9,218 10,412 10,368 11,522 12,385 13,132
Net income 1 7,294 6,675 7,189 7,886 9,797 8,408 8,970 9,468
Net Debt 1 -3,284 32,114 31,602 40,385 35,024 15,600 15,600 15,600
Reference price 2 26.18 26.06 29.49 34.32 40.96 43.49 43.49 43.49
Nbr of stocks (in thousands) 2,389,774 2,386,757 2,185,051 2,124,998 2,037,115 2,023,161 - -
Announcement Date 24/2/22 23/2/23 22/2/24 27/2/25 26/2/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
4.28x1.44x - 3.92% 141B
6.26x4.83x - 5.49% 134B
10.55x0.91x - 5.77% 99.7B
12.44x - - 2.89% 97.04B
13.73x1.04x1.05x4.23% 74.55B
14.97x - - 3.15% 71.96B
13.82x - - 3.7% 66.59B
12.42x - - 2.46% 60.5B
17.22x - - 2.96% 57.22B
Average 11.74x 2.05x 1.05x 3.84% 89.12B
Weighted average by Cap. 10.54x 2.26x 1.05x 4.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield