Ebix Stock Buy Hold or Sell Recommendation

EBIX -  USA Stock  

USD 30.94  1.07  3.58%

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Ebix Inc is 'Strong Hold'. Macroaxis provides Ebix buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Ebix positions. The advice algorithm takes into account all of Ebix's available fundamental, technical, and predictive indicators you will find on this site.

Ebix Advice 

 
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The advice is provided from Ebix's buy-and-hold perspective. Continue to Ebix Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Ebix and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Ebix Inc.

Execute Ebix Buy or Sell Advice

The Ebix recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ebix Inc. Macroaxis does not own or have any residual interests in Ebix Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ebix's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell EbixBuy Ebix
Strong Hold

Volatility

Very steadyDetails

Hype Condition

StaleDetails

Current Valuation

Fairly ValuedDetails

Odds of Distress

Close to AverageDetails

Economic Sensitivity

Actively responds to the marketDetails

Analyst Consensus

HoldDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Ebix Inc has a Risk Adjusted Performance of 0.0271, Jensen Alpha of 0.0167, Total Risk Alpha of (0.001824), Sortino Ratio of 0.0135 and Treynor Ratio of 0.0267
Our advice module can be used to complement Ebix investment recommendation provided by average analyst sentiment. It analyzes the company's potential to grow using fundamental, technical, data market data available at the time. To make sure Ebix is not overpriced, please confirm all Ebix Inc fundamentals, including its total debt, market capitalization, and the relationship between the gross profit and short ratio . Given that Ebix Inc has a price to earning of 10.44 X, we urge you to verify Ebix Inc market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Ebix Trading Alerts and Improvement Suggestions

Ebix Inc generated a negative expected return over the last 90 days
About 64.0% of the company shares are held by institutions such as insurance companies
Latest headline from seekingalpha.com: Ebix Low-Risk Way To Participate In Indian IPO Market - Seeking Alpha

Ebix current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Ebix analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Ebix analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price57.75
Target Median Price57.75
Target High Price75.00
Recommendation Mean1.50
Number Of Analyst Opinions2
Target Low Price40.50
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Ebix Returns Distribution Density

The distribution of Ebix's historical returns is an attempt to chart the future uncertainty of Ebix's future price movements. The chart of the probability distribution of Ebix stock daily returns describes the distribution of returns around its average expected value. We use Ebix Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ebix returns is essential to provide solid investment advice for Ebix stock.
Mean Return0.06Value At Risk-3.37
Potential Upside3.97Standard Deviation2.28
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ebix historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Ebix Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Ebix is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ebix Inc backward and forwards among themselves. Ebix's institutional investor refers to the entity that pools money to purchase Ebix's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Envestnet Asset Management IncCommon Shares49.7 K1.3 M
State Of Alaska Department Of RevenueCommon Shares17.4 K468 K
Louisiana State Employees Retirement SystemCommon Shares11.5 K310 K
Private Capital Group LlcCommon Shares27.01000
Blackrock IncCommon Shares3.8 M129.7 M
Vanguard Group IncCommon Shares2.7 M90.8 M
Villere St Denis J Co LlcCommon Shares1.4 M48.5 M
Note, although Ebix's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Ebix Cash Flow Accounts

201620172018201920202021 (projected)
Capital Expenditure(9.96 M)(10.19 M)(16.11 M)(12.9 M)(9.57 M)(10.32 M)
Depreciation Amortization and Accretion11.86 M13.3 M13.53 M24.31 M23.2 M19.55 M
Net Cash Flow or Change in Cash and Cash Equivalents59.76 M(46.07 M)78.81 M(38.31 M)8.84 M8.52 M
Net Cash Flow Business Acquisitions and Disposals(8.66 M)(194.08 M)(227.56 M)(110.81 M)(14.28 M)(15.4 M)
Issuance Purchase of Equity Shares(58.96 M)(45.68 M)(40.38 M)(12.95 M)636 K686.21 K
Issuance Repayment of Debt Securities65.71 M133.65 M298.97 M23.28 M(30.75 M)(31.56 M)
Payment of Dividends and Other Cash Distributions(9.83 M)(9.54 M)(9.32 M)(9.19 M)(9.24 M)(9.97 M)
Net Cash Flow from Financing(4.08 M)78.03 M248.81 M905 K(41.95 M)(43.06 M)
Net Cash Flow from Investing(20.74 M)(203.07 M)(247.76 M)(96.7 M)(44.81 M)(48.34 M)
Net Cash Flow Investment Acquisitions and Disposals(2.12 M)1.2 M(4.09 M)27.02 M(20.96 M)(21.52 M)
Net Cash Flow from Operations86.57 M76.81 M83.45 M60.79 M100.36 M93.19 M
Effect of Exchange Rate Changes on Cash(1.99 M)2.16 M(5.69 M)(3.31 M)(4.75 M)(4.88 M)
Share Based Compensation2.79 M2.82 M2.81 M3.4 M4.79 M4.01 M

Ebix Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ebix or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ebix stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ebix stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.016691
β
Beta against DOW1.87
σ
Overall volatility
2.22
Ir
Information ratio 0.0141

Ebix Volatility Alert

Ebix Inc currently demonstrates below-average downside deviation. It has Information Ratio of 0.01 and Jensen Alpha of 0.02. However, we advise investors to further question Ebix Inc expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ebix's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ebix's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Ebix Fundamentals Vs Peers

Comparing Ebix's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ebix's direct or indirect competition across all of the common fundamentals between Ebix and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ebix or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ebix's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ebix by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Ebix to competition
FundamentalsEbixPeer Average
Return On Equity12.17 %(0.31) %
Return On Asset5.08 %(0.14) %
Profit Margin8.93 %(1.27) %
Operating Margin15.25 %(5.51) %
Current Valuation1.46 B16.62 B
Shares Outstanding30.94 M571.82 M
Shares Owned by Insiders23.63 %10.09 %
Shares Owned by Institutions64.03 %39.21 %
Number of Shares Shorted3.52 M4.71 M
Price to Earning10.44 X28.72 X
Price to Book1.47 X9.51 X
Price to Sales1.03 X11.42 X
Revenue912.8 M9.43 B
Gross Profit282.35 M27.38 B
EBITDA139.23 M3.9 B
Net Income81.49 M570.98 M
Cash and Equivalents98.94 M2.7 B
Cash per Share3.20 X5.01 X
Total Debt685.89 M5.32 B
Debt to Equity1.01 %48.70 %
Current Ratio1.96 X2.16 X
Book Value Per Share20.60 X1.93 K
Cash Flow from Operations63.62 M971.22 M
Short Ratio26.71 X4.00 X
Earnings Per Share2.91 X3.12 X
Price to Earnings To Growth1.02 X4.89 X
Number of Employees9.8 K18.84 K
Beta2.72-0.15
Market Capitalization940.23 M19.03 B
Total Asset675.99 M29.47 B
Retained Earnings508.84 M9.33 B
Working Capital65.56 M1.48 B
Current Asset116.83 M9.34 B
   Payment of 973 shares by Hamil Steven M of Ebix subject to Rule 16b-3 [view details]

Ebix Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ebix . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution2644.2
Daily Balance Of Power0.856
Rate Of Daily Change1.04
Day Median Price30.37
Day Typical Price30.56
Market Facilitation Index0.0
Price Action Indicator1.11

About Ebix Buy or Sell Advice

When is the right time to buy or sell Ebix Inc? Buying financial instruments such as Ebix Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Ebix investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2018 2019 2020 2021 (projected)
Accounts Payable121.09 M74.97 M56.64 M61.11 M
Receivables181.92 M186.64 M153.35 M165.46 M

Use Investing Ideas to Build Portfolios

In addition to having Ebix in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Money Funds Thematic Idea Now

Money Funds
Money Funds Theme
Funds or Etfs that invest most if their asset in companies from financial sector such as commercial banks, insurance companies, investment funds, and real estate. Money Funds theme has 40 constituents.
View All  Next Launch Money Funds
Continue to Ebix Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Ebix Inc information on this page should be used as a complementary analysis to other Ebix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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The market value of Ebix Inc is measured differently than its book value, which is the value of Ebix that is recorded on the company's balance sheet. Investors also form their own opinion of Ebix's value that differs from its market value or its book value, called intrinsic value, which is Ebix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ebix's market value can be influenced by many factors that don't directly affect Ebix Inc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ebix's value and its price as these two are different measures arrived at by different means. Investors typically determine Ebix value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ebix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.