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 88,428 - -
Change - -0.62% 3.62% 13.18% 14.41% 5.98% - -
Enterprise Value (EV) 1 59,292 94,301 96,039 113,315 118,464 104,028 104,028 104,028
Change - 59.04% 1.84% 17.99% 4.54% -12.19% 0% 0%
P/E 8.82x 9.21x 9.42x 9.81x 9.04x 10.6x 9.7x 9.03x
PBR 0.96x 1.49x 1.3x 1.4x 1.71x 1.83x 1.74x 1.69x
PEG - -1.95x 0.9x 0.8x 0.3x -1.22x 1.08x 1.23x
Capitalization / Revenue 0.63x 0.61x 0.77x 0.84x 0.92x 0.73x 0.7x 0.67x
EV / Revenue 0.59x 0.92x 1.15x 1.3x 1.3x 0.86x 0.83x 0.79x
EV / EBITDA - - - - - - - -
EV / EBIT 6.23x 10.1x 10.4x 10.9x 11.4x 8.99x 8.38x 7.93x
EV / FCF 9.6x 12.5x 16x 9.45x 5.4x 15.3x 14.5x 11.7x
FCF Yield 10.4% 7.98% 6.26% 10.6% 18.5% 6.55% 6.9% 8.56%
Dividend per Share 2 1.54 1.7 1.98 2.15 2.32 2.5 2.691 2.904
Rate of return 5.88% 6.52% 6.71% 6.26% 5.66% 5.72% 6.16% 6.64%
EPS 2 2.97 2.83 3.13 3.5 4.53 4.137 4.508 4.84
Distribution rate 51.9% 60.1% 63.3% 61.4% 51.2% 60.4% 59.7% 60%
Net sales 1 99,931 102,345 83,627 87,303 91,139 120,452 125,848 131,426
EBITDA - - - - - - - -
EBIT 1 9,514 9,329 9,218 10,412 10,368 11,576 12,416 13,117
Net income 1 7,294 6,675 7,189 7,886 9,797 8,372 8,975 9,485
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 43.71 43.71 43.71
Nbr of stocks (in thousands) 2,389,774 2,386,757 2,185,051 2,124,998 2,037,115 2,023,058 - -
Announcement Date 2/24/22 2/23/23 2/22/24 2/27/25 2/26/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.66x4.97x - 5.16% 142B
10.4x0.85x - 5.8% 101B
12.99x - - 2.79% 100B
14.19x1.05x1.07x4.07% 78.27B
14.11x - - 3.3% 70.36B
12.43x - - 2.46% 60.48B
16.34x3.07x - 2.11% 58.08B
16.91x - - 3.02% 57.54B
12.59x - - 4.56% 51.12B
Average 12.96x 2.49x 1.07x 3.7% 79.95B
Weighted average by Cap. 12.12x 2.77x 1.07x 3.93%

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