Axis Capital Holdings Limited (AXS) vs Fidelity National Financial, Inc. (FNF)

Axis Capital Holdings Limited and Fidelity National Financial, Inc. are both Insurance Specialty companies. Fidelity National Financial, Inc. is the larger, with a market value of $11.5B against $7.7B — 1.5× the size. Axis Capital Holdings Limited trades at the lower P/E: 8.0× against 15.2×. Fidelity National Financial, Inc. grew revenue faster over the last twelve months: 13.0% against 9.84%. Axis Capital Holdings Limited has the higher net margin (14.2% vs 5.03%) and the higher return on invested capital (12.6% vs 11.3%). Both pay a dividend; Fidelity National Financial, Inc. yields more (4.80% vs 1.64%). Across the 21 metrics below, Axis Capital Holdings Limited leads on 14 and Fidelity National Financial, Inc. on 7.

Valuation

Metric AXS FNF Insurance Specialty median
P/E 8.04 15.17 9.49
P/S 1.13 0.75 1.69
P/B 1.36 1.30 1.23
Price to free cash flow 3.00 2.11 8.44
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 12.43% 6.59% 10.48%
Free cash flow yield 33.33% 47.31% 10.87%

Profitability

Metric AXS FNF Insurance Specialty median
Gross margin 28.66% 55.91% 56.22%
Operating margin 18.22% 12.91% 15.19%
Net margin 14.18% 5.03% 13.80%
Free cash flow margin 37.61% 35.34% 34.47%
Return on equity 16.97% 8.76% 12.01%
Return on assets 2.77% 0.71% 3.55%
Return on invested capital 12.60% 11.32% 9.88%

Growth

Metric AXS FNF Insurance Specialty median
Revenue growth (TTM) 9.84% 13.03% 7.68%
EPS growth (last fiscal year) 0.00% (50.71%) 8.65%
Revenue growth, 5-year CAGR 6.27% 6.03% 2.24%
Net income growth, 5-year CAGR 0.00% (15.85%) 0.00%

Health

Metric AXS FNF Insurance Specialty median
Debt to equity 0.24 0.50 0.16
Current ratio 0.63 0.25 0.52
Net debt to EBITDA 0.07 0.71 0.28

Dividend

Metric AXS FNF Insurance Specialty median
Dividend yield 1.64% 4.80% 2.06%
Payout ratio 0.13 0.73 0.19

Size

Metric AXS FNF Insurance Specialty median
Market cap 7.74b 11.50b 3.31b

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