247.27 USD
-1.4 (-0.56%)
247.83 USD
+0.56 (+0.23%)
Overall CBOE gets a fundamental rating of 6 out of 10. We evaluated CBOE against 237 industry peers in the Capital Markets industry. CBOE scores excellent points on both the profitability and health parts. This is a solid base for a good stock. While showing a medium growth rate, CBOE is valued expensive at the moment. These ratings could make CBOE a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year CBOE was profitable.
In the past year CBOE had a positive cash flow from operations.
Each year in the past 5 years CBOE has been profitable.
Each year in the past 5 years CBOE had a positive operating cash flow.
1.2 Ratios
CBOE has a better Return On Assets (10.79%) than 90.72% of its industry peers.
Looking at the Return On Equity, with a value of 20.02%, CBOE belongs to the top of the industry, outperforming 88.19% of the companies in the same industry.
CBOE has a better Return On Invested Capital (14.39%) than 90.30% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CBOE is significantly above the industry average of 7.00%.
The last Return On Invested Capital (14.39%) for CBOE is above the 3 year average (12.77%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 20.02% | ||
| ROIC | 14.39% |
ROA(3y)7.74%
ROA(5y)7.63%
ROE(3y)14.52%
ROE(5y)14.42%
ROIC(3y)12.77%
ROIC(5y)11.7%
1.3 Margins
With a Profit Margin value of 21.18%, CBOE perfoms like the industry average, outperforming 59.49% of the companies in the same industry.
In the last couple of years the Profit Margin of CBOE has grown nicely.
CBOE has a Operating Margin (29.97%) which is comparable to the rest of the industry.
CBOE's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 49.43%, CBOE perfoms like the industry average, outperforming 59.07% of the companies in the same industry.
In the last couple of years the Gross Margin of CBOE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.97% | ||
| PM (TTM) | 21.18% | ||
| GM | 49.43% |
OM growth 3Y7.05%
OM growth 5Y4.21%
PM growth 3Y7.2%
PM growth 5Y4.48%
GM growth 3Y6.22%
GM growth 5Y2.13%
2. Health
2.1 Basic Checks
The number of shares outstanding for CBOE has been reduced compared to 1 year ago.
CBOE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CBOE has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.48 indicates that CBOE is not in any danger for bankruptcy at the moment.
The Altman-Z score of CBOE (5.48) is better than 87.34% of its industry peers.
The Debt to FCF ratio of CBOE is 2.34, which is a good value as it means it would take CBOE, 2.34 years of fcf income to pay off all of its debts.
CBOE has a Debt to FCF ratio of 2.34. This is amongst the best in the industry. CBOE outperforms 83.54% of its industry peers.
A Debt/Equity ratio of 0.30 indicates that CBOE is not too dependend on debt financing.
CBOE has a Debt to Equity ratio of 0.30. This is in the better half of the industry: CBOE outperforms 72.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.34 | ||
| Altman-Z | 5.48 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CBOE has a Current Ratio of 1.72. This is a normal value and indicates that CBOE is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Current ratio value of 1.72, CBOE is doing good in the industry, outperforming 70.46% of the companies in the same industry.
CBOE has a Quick Ratio of 1.72. This is a normal value and indicates that CBOE is financially healthy and should not expect problems in meeting its short term obligations.
CBOE's Quick ratio of 1.72 is fine compared to the rest of the industry. CBOE outperforms 70.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
CBOE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.40%, which is quite good.
Measured over the past years, CBOE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.71% on average per year.
Looking at the last year, CBOE shows a quite strong growth in Revenue. The Revenue has grown by 16.74% in the last year.
CBOE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.40% yearly.
EPS 1Y (TTM)13.4%
EPS 3Y12.46%
EPS 5Y12.71%
EPS Q2Q%20.27%
Revenue 1Y (TTM)16.74%
Revenue growth 3Y5.42%
Revenue growth 5Y10.4%
Sales Q2Q%13.82%
3.2 Future
CBOE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.72% yearly.
The Revenue is expected to grow by 6.76% on average over the next years.
EPS Next Y22.26%
EPS Next 2Y13.84%
EPS Next 3Y11.31%
EPS Next 5Y9.72%
Revenue Next Year14%
Revenue Next 2Y9.67%
Revenue Next 3Y7.74%
Revenue Next 5Y6.76%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 25.41, CBOE can be considered very expensive at the moment.
65.82% of the companies in the same industry are cheaper than CBOE, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.38, CBOE is valued at the same level.
The Price/Forward Earnings ratio is 22.14, which indicates a rather expensive current valuation of CBOE.
CBOE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CBOE is more expensive than 60.76% of the companies in the same industry.
CBOE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.41 | ||
| Fwd PE | 22.14 |
4.2 Price Multiples
75.95% of the companies in the same industry are more expensive than CBOE, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBOE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.05 | ||
| EV/EBITDA | 17.18 |
4.3 Compensation for Growth
CBOE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CBOE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.14
PEG (5Y)2
EPS Next 2Y13.84%
EPS Next 3Y11.31%
5. Dividend
5.1 Amount
CBOE has a Yearly Dividend Yield of 1.16%. Purely for dividend investing, there may be better candidates out there.
CBOE's Dividend Yield is slightly below the industry average, which is at 6.36.
Compared to the average S&P500 Dividend Yield of 1.87, CBOE is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
5.2 History
On average, the dividend of CBOE grows each year by 11.94%, which is quite nice.
CBOE has been paying a dividend for at least 10 years, so it has a reliable track record.
CBOE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.94%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
28.10% of the earnings are spent on dividend by CBOE. This is a low number and sustainable payout ratio.
CBOE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP28.1%
EPS Next 2Y13.84%
EPS Next 3Y11.31%
247.27
-1.4 (-0.56%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners89.64%
Inst Owner Change-2.53%
Ins Owners0.18%
Ins Owner Change0.37%
Market Cap25.87B
Revenue(TTM)4.62B
Net Income(TTM)978.20M
Analysts55.45
Price Target264.57 (7%)
Short Float %2.48%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Yearly Dividend2.37
Dividend Growth(5Y)11.94%
DP28.1%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.59%
Min EPS beat(2)-0.39%
Max EPS beat(2)3.58%
EPS beat(4)2
Avg EPS beat(4)1.1%
Min EPS beat(4)-2.44%
Max EPS beat(4)3.67%
EPS beat(8)4
Avg EPS beat(8)0.79%
EPS beat(12)6
Avg EPS beat(12)1.06%
EPS beat(16)9
Avg EPS beat(16)1.51%
Revenue beat(2)1
Avg Revenue beat(2)0.36%
Min Revenue beat(2)-0.08%
Max Revenue beat(2)0.79%
Revenue beat(4)1
Avg Revenue beat(4)-0.64%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)0.79%
Revenue beat(8)1
Avg Revenue beat(8)-1.66%
Revenue beat(12)2
Avg Revenue beat(12)7.8%
Revenue beat(16)6
Avg Revenue beat(16)37.26%
PT rev (1m)3.92%
PT rev (3m)4.41%
EPS NQ rev (1m)9.5%
EPS NQ rev (3m)13.63%
EPS NY rev (1m)3.92%
EPS NY rev (3m)6.64%
Revenue NQ rev (1m)3.21%
Revenue NQ rev (3m)5.43%
Revenue NY rev (1m)-4.25%
Revenue NY rev (3m)2.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.41 | ||
| Fwd PE | 22.14 | ||
| P/S | 5.6 | ||
| P/FCF | 42.05 | ||
| P/OCF | 37.49 | ||
| P/B | 5.3 | ||
| P/tB | 73.38 | ||
| EV/EBITDA | 17.18 |
EPS(TTM)9.73
EY3.93%
EPS(NY)11.17
Fwd EY4.52%
FCF(TTM)5.88
FCFY2.38%
OCF(TTM)6.59
OCFY2.67%
SpS44.13
BVpS46.68
TBVpS3.37
PEG (NY)1.14
PEG (5Y)2
Graham Number101.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 20.02% | ||
| ROCE | 20.09% | ||
| ROIC | 14.39% | ||
| ROICexc | 18.5% | ||
| ROICexgc | 119.91% | ||
| OM | 29.97% | ||
| PM (TTM) | 21.18% | ||
| GM | 49.43% | ||
| FCFM | 13.32% |
ROA(3y)7.74%
ROA(5y)7.63%
ROE(3y)14.52%
ROE(5y)14.42%
ROIC(3y)12.77%
ROIC(5y)11.7%
ROICexc(3y)14.51%
ROICexc(5y)13.02%
ROICexgc(3y)215.12%
ROICexgc(5y)200.85%
ROCE(3y)17.83%
ROCE(5y)16.33%
ROICexgc growth 3Y-2.22%
ROICexgc growth 5Y-10.76%
ROICexc growth 3Y12.13%
ROICexc growth 5Y11.22%
OM growth 3Y7.05%
OM growth 5Y4.21%
PM growth 3Y7.2%
PM growth 5Y4.48%
GM growth 3Y6.22%
GM growth 5Y2.13%
F-Score7
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.34 | ||
| Debt/EBITDA | 0.96 | ||
| Cap/Depr | 60.71% | ||
| Cap/Sales | 1.62% | ||
| Interest Coverage | 14.57 | ||
| Cash Conversion | 45.79% | ||
| Profit Quality | 62.9% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 | ||
| Altman-Z | 5.48 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)36.71%
Cap/Depr(5y)34.1%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.41%
Profit Quality(3y)175.09%
Profit Quality(5y)186.2%
High Growth Momentum
Growth
EPS 1Y (TTM)13.4%
EPS 3Y12.46%
EPS 5Y12.71%
EPS Q2Q%20.27%
EPS Next Y22.26%
EPS Next 2Y13.84%
EPS Next 3Y11.31%
EPS Next 5Y9.72%
Revenue 1Y (TTM)16.74%
Revenue growth 3Y5.42%
Revenue growth 5Y10.4%
Sales Q2Q%13.82%
Revenue Next Year14%
Revenue Next 2Y9.67%
Revenue Next 3Y7.74%
Revenue Next 5Y6.76%
EBIT growth 1Y17.72%
EBIT growth 3Y12.85%
EBIT growth 5Y15.05%
EBIT Next Year27.39%
EBIT Next 3Y12.2%
EBIT Next 5Y9.41%
FCF growth 1Y-42.26%
FCF growth 3Y23.96%
FCF growth 5Y11.71%
OCF growth 1Y-38.44%
OCF growth 3Y22.63%
OCF growth 5Y11.71%
CBOE GLOBAL MARKETS INC / CBOE FAQ
Can you provide the ChartMill fundamental rating for CBOE GLOBAL MARKETS INC?
ChartMill assigns a fundamental rating of 6 / 10 to CBOE.
What is the valuation status of CBOE GLOBAL MARKETS INC (CBOE) stock?
ChartMill assigns a valuation rating of 3 / 10 to CBOE GLOBAL MARKETS INC (CBOE). This can be considered as Overvalued.
Can you provide the profitability details for CBOE GLOBAL MARKETS INC?
CBOE GLOBAL MARKETS INC (CBOE) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for CBOE stock?
The Price/Earnings (PE) ratio for CBOE GLOBAL MARKETS INC (CBOE) is 25.41 and the Price/Book (PB) ratio is 5.3.
What is the financial health of CBOE GLOBAL MARKETS INC (CBOE) stock?
The financial health rating of CBOE GLOBAL MARKETS INC (CBOE) is 7 / 10.