Professional
Added to YB: 2024-08-05
Pitch date: 2024-06-30
CS.PA [bullish]
AXA SA
+26.17%
current return
Author Info
No bio for this author
Company Info
AXA SA, through its subsidiaries, insurance, asset management, and banking services worldwide. The company operates through France, Europe, AXA XL, Asia, Africa & EME-LATAM, and Transversal & Other segments.
Market Cap
EUR 81.2B
Pitch Price
EUR 31.79
Price Target
N/A
Dividend
5.87%
EV/EBITDA
N/A
P/E
11.55
EV/Sales
1.32
Sector
Insurance
Category
value
Ariel Global Fund New Position: AXA SA
AXA SA (CS.PA): Trades at discount vs US peers. Shifting focus to non-life segments (commercial, protection, health) for predictable, high-margin recurring revenue. Strong cash generation driving dividends & buybacks. Expect valuation gap to narrow as operating performance improves & Europe exposure concerns ease.
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