` Comparison: AXA, MUV2 - Alpha Spread

AXA
vs
MUV2

Over the past 12 months, AXA has outperformed MUV2, delivering a return of +18% compared to the MUV2's +7% growth.

Valuation Growth Profitability Solvency Stocks Performance
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AXA
MUV2
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Stocks Compared:
AXA MUV2
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Valuation Comparison

AXA Intrinsic Value
70.74 EUR
Undervaluation 42%
Intrinsic Value
Price
MUV2 Intrinsic Value
806.49 EUR
Undervaluation 33%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
AXA SA
F:AXA
41.07 EUR
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
XETRA:MUV2
540 EUR
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Valuation Scenario:
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Growth Comparison

Growth Over Time
AXA, MUV2

AXA
MUV2
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
AXA SA
Revenue
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
AXA, MUV2

AXA
MUV2
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
AXA SA
F:AXA
FCF is not applicable for financial companies
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
XETRA:MUV2
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

AXA
MUV2
LTM 3Y Avg 5Y Avg 10Y Avg
AXA SA
Not applicable for financial companies
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
Not applicable for financial companies

Operating Margin

AXA
MUV2
LTM 3Y Avg 5Y Avg 10Y Avg
AXA SA
Not applicable for financial companies
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
Not applicable for financial companies

Net Margin

AXA
8.5%
MUV2
8.5%

FCF Margin

AXA
MUV2
LTM 3Y Avg 5Y Avg 10Y Avg
AXA SA
Not applicable for financial companies
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
Not applicable for financial companies

ROE

AXA
16.4%
MUV2
13.1%

ROA

AXA
1.2%
MUV2
1.5%

ROIC

AXA
MUV2
LTM 3Y Avg 5Y Avg 10Y Avg
AXA SA
Not applicable for financial companies
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
Not applicable for financial companies

ROCE

AXA
MUV2
LTM 3Y Avg 5Y Avg 10Y Avg
AXA SA
Not applicable for financial companies
Muenchener Rueckversicherungs Gesellschaft in Muenchen AG
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AXA, MUV2

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Performance Gap
AXA, MUV2

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AXA
MUV2
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
AXA, MUV2

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MUV2
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