Projected Income Statement: AXA SA

Forecast Balance Sheet: AXA SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -3,284 32,114 31,602 40,385 35,024 15,600 15,600 15,600
Change - 1,077.89% -1.59% 27.79% -13.27% -55.46% 0% 0%
Announcement Date 24/02/22 23/02/23 22/02/24 27/02/25 26/02/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: AXA SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 - - - - 425 475 501 529
Change - - - - - 11.76% 5.47% 5.59%
Free Cash Flow (FCF) 1 6,176 7,528 6,010 11,991 21,924 6,809 7,178 8,900
Change - 21.89% -20.16% 99.52% 82.84% -68.94% 5.42% 23.99%
Announcement Date 24/02/22 23/02/23 22/02/24 27/02/25 26/02/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: AXA SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) - - - - - - - -
EBIT Margin (%) 9.52% 9.12% 11.02% 11.93% 11.38% 10.17% 10.51% 10.59%
EBT Margin (%) 9.2% 8.51% 10.63% 11.43% 10.97% 8.68% 8.67% 8.56%
Net margin (%) 7.3% 6.52% 8.6% 9.03% 10.75% 7.4% 7.55% 7.57%
FCF margin (%) 6.18% 7.36% 7.19% 13.73% 24.06% 5.98% 6.02% 7.13%
FCF / Net Income (%) 84.67% 112.78% 83.6% 152.05% 223.78% 80.86% 79.75% 94.25%

Profitability

        
ROA 0.86% 0.99% 1.12% 2.47% 1.52% 1.32% 1.36% 1.4%
ROE 14.7% 12.8% 14.1% 15.2% 16% 17.81% 17.99% 18.3%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - 4.27x 5.26x 3.37x 1.6x 2.29x 2.17x 1.75x

Capital Intensity

        
CAPEX / Current Assets (%) - - - - 0.47% 0.42% 0.42% 0.42%
CAPEX / EBITDA (%) - - - - - - - -
CAPEX / FCF (%) - - - - 1.94% 6.98% 6.98% 5.94%

Items per share

        
Cash flow per share 1 - - - - - - - -
Change - - - - - - - -
Dividend per Share 1 1.54 1.7 1.98 2.15 2.32 2.511 2.713 2.9
Change - 10.39% 16.47% 8.59% 7.91% 8.22% 8.07% 6.87%
Book Value Per Share 1 27.4 17.5 22.7 24.5 24 23.91 25.23 25.95
Change - -36.13% 29.71% 7.93% -2.04% -0.37% 5.5% 2.86%
EPS 1 2.97 2.83 3.13 3.5 4.53 4.136 4.534 4.87
Change - -4.71% 10.6% 11.82% 29.43% -8.71% 9.63% 7.42%
Nbr of stocks (in thousands) 23,89,774 23,86,757 21,85,051 21,24,998 20,37,115 20,23,161 20,23,161 20,23,161
Announcement Date 24/02/22 23/02/23 22/02/24 27/02/25 26/02/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 10.4x 9.47x
PBR 1.8x 1.7x
EV / Sales 0.9x 0.86x
Yield 5.85% 6.32%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
43.66EUR
Average target price
51.93EUR
Spread / Average Target
+18.94%

Quarterly revenue - Rate of surprise

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