178.78 USD
-2.27 (-1.25%)
178.78 USD
0 (0%)
Overall MKTX gets a fundamental rating of 6 out of 10. We evaluated MKTX against 238 industry peers in the Capital Markets industry. MKTX has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MKTX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MKTX had positive earnings in the past year.
MKTX had a positive operating cash flow in the past year.
MKTX had positive earnings in each of the past 5 years.
MKTX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MKTX has a better Return On Assets (10.90%) than 91.60% of its industry peers.
The Return On Equity of MKTX (15.93%) is better than 80.25% of its industry peers.
MKTX has a better Return On Invested Capital (19.04%) than 96.22% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MKTX is significantly above the industry average of 7.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROIC | 19.04% |
ROA(3y)14.56%
ROA(5y)16.61%
ROE(3y)20.95%
ROE(5y)23.79%
ROIC(3y)20.18%
ROIC(5y)23.06%
1.3 Margins
MKTX has a Profit Margin of 26.16%. This is in the better half of the industry: MKTX outperforms 67.65% of its industry peers.
In the last couple of years the Profit Margin of MKTX has declined.
Looking at the Operating Margin, with a value of 41.20%, MKTX is in the better half of the industry, outperforming 74.37% of the companies in the same industry.
MKTX's Operating Margin has declined in the last couple of years.
The Gross Margin of MKTX (88.94%) is better than 93.28% of its industry peers.
In the last couple of years the Gross Margin of MKTX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% |
OM growth 3Y-4.74%
OM growth 5Y-3.2%
PM growth 3Y-3.1%
PM growth 5Y-3.48%
GM growth 3Y-1.77%
GM growth 5Y-1.24%
2. Health
2.1 Basic Checks
The number of shares outstanding for MKTX has been reduced compared to 1 year ago.
MKTX has less shares outstanding than it did 5 years ago.
There is no outstanding debt for MKTX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
MKTX has an Altman-Z score of 8.68. This indicates that MKTX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 8.68, MKTX belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
There is no outstanding debt for MKTX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.68 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
MKTX has a Current Ratio of 2.07. This indicates that MKTX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.07, MKTX is in the better half of the industry, outperforming 73.11% of the companies in the same industry.
A Quick Ratio of 2.07 indicates that MKTX has no problem at all paying its short term obligations.
The Quick ratio of MKTX (2.07) is better than 73.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 |
3. Growth
3.1 Past
MKTX shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.49%.
The Earnings Per Share has been growing slightly by 6.13% on average over the past years.
Looking at the last year, MKTX shows a small growth in Revenue. The Revenue has grown by 3.37% in the last year.
The Revenue has been growing by 9.82% on average over the past years. This is quite good.
EPS 1Y (TTM)-2.49%
EPS 3Y2.4%
EPS 5Y6.13%
EPS Q2Q%-3.16%
Revenue 1Y (TTM)3.37%
Revenue growth 3Y5.33%
Revenue growth 5Y9.82%
Sales Q2Q%1.02%
3.2 Future
Based on estimates for the next years, MKTX will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.50% on average per year.
The Revenue is expected to grow by 6.90% on average over the next years.
EPS Next Y0.31%
EPS Next 2Y7.37%
EPS Next 3Y9.2%
EPS Next 5Y10.5%
Revenue Next Year4.03%
Revenue Next 2Y6.05%
Revenue Next 3Y6.96%
Revenue Next 5Y6.9%
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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 24.03, the valuation of MKTX can be described as rather expensive.
63.87% of the companies in the same industry are cheaper than MKTX, based on the Price/Earnings ratio.
MKTX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.39, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 21.33, which indicates a rather expensive current valuation of MKTX.
MKTX's Price/Forward Earnings is on the same level as the industry average.
MKTX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.03 | ||
| Fwd PE | 21.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MKTX is valued cheaper than 80.25% of the companies in the same industry.
MKTX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.2 | ||
| EV/EBITDA | 14.82 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MKTX does not grow enough to justify the current Price/Earnings ratio.
MKTX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)77.82
PEG (5Y)3.92
EPS Next 2Y7.37%
EPS Next 3Y9.2%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.68%, MKTX has a reasonable but not impressive dividend return.
MKTX's Dividend Yield is comparable with the industry average which is at 6.43.
MKTX's Dividend Yield is comparable with the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
5.2 History
On average, the dividend of MKTX grows each year by 8.13%, which is quite nice.
MKTX has been paying a dividend for at least 10 years, so it has a reliable track record.
MKTX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.13%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
52.32% of the earnings are spent on dividend by MKTX. This is a bit on the high side, but may be sustainable.
MKTX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP52.32%
EPS Next 2Y7.37%
EPS Next 3Y9.2%
178.78
-2.27 (-1.25%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners99.72%
Inst Owner Change-2.21%
Ins Owners0.73%
Ins Owner Change3.1%
Market Cap6.65B
Revenue(TTM)839.26M
Net Income(TTM)219.53M
Analysts74
Price Target203.8 (13.99%)
Short Float %3.76%
Short Ratio2.02
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
Yearly Dividend2.98
Dividend Growth(5Y)8.13%
DP52.32%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.15%
Min EPS beat(2)0.15%
Max EPS beat(2)6.14%
EPS beat(4)4
Avg EPS beat(4)2.18%
Min EPS beat(4)0.15%
Max EPS beat(4)6.14%
EPS beat(8)8
Avg EPS beat(8)3.67%
EPS beat(12)9
Avg EPS beat(12)2.17%
EPS beat(16)11
Avg EPS beat(16)1.63%
Revenue beat(2)0
Avg Revenue beat(2)-2.12%
Min Revenue beat(2)-2.19%
Max Revenue beat(2)-2.05%
Revenue beat(4)0
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-3.23%
Max Revenue beat(4)-2.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.4%
Revenue beat(12)0
Avg Revenue beat(12)-2.29%
Revenue beat(16)0
Avg Revenue beat(16)-2.27%
PT rev (1m)-1.26%
PT rev (3m)-8.56%
EPS NQ rev (1m)0.13%
EPS NQ rev (3m)-4.31%
EPS NY rev (1m)-3.21%
EPS NY rev (3m)-5.27%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.03 | ||
| Fwd PE | 21.33 | ||
| P/S | 7.92 | ||
| P/FCF | 19.2 | ||
| P/OCF | 16.62 | ||
| P/B | 4.82 | ||
| P/tB | 6.79 | ||
| EV/EBITDA | 14.82 |
EPS(TTM)7.44
EY4.16%
EPS(NY)8.38
Fwd EY4.69%
FCF(TTM)9.31
FCFY5.21%
OCF(TTM)10.75
OCFY6.02%
SpS22.58
BVpS37.09
TBVpS26.34
PEG (NY)77.82
PEG (5Y)3.92
Graham Number78.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROCE | 24.79% | ||
| ROIC | 19.04% | ||
| ROICexc | 28.81% | ||
| ROICexgc | 50.86% | ||
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% | ||
| FCFM | 41.23% |
ROA(3y)14.56%
ROA(5y)16.61%
ROE(3y)20.95%
ROE(5y)23.79%
ROIC(3y)20.18%
ROIC(5y)23.06%
ROICexc(3y)32.58%
ROICexc(5y)40.71%
ROICexgc(3y)54.23%
ROICexgc(5y)74.41%
ROCE(3y)26.28%
ROCE(5y)30.03%
ROICexgc growth 3Y-19.3%
ROICexgc growth 5Y-4.85%
ROICexc growth 3Y-13.78%
ROICexc growth 5Y-4.25%
OM growth 3Y-4.74%
OM growth 5Y-3.2%
PM growth 3Y-3.1%
PM growth 5Y-3.48%
GM growth 3Y-1.77%
GM growth 5Y-1.24%
F-Score5
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 76.08% | ||
| Cap/Sales | 6.4% | ||
| Interest Coverage | 402.56 | ||
| Cash Conversion | 96% | ||
| Profit Quality | 157.63% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 | ||
| Altman-Z | 8.68 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)78.49%
Cap/Depr(5y)91.38%
Cap/Sales(3y)7.04%
Cap/Sales(5y)7%
Profit Quality(3y)107.91%
Profit Quality(5y)106.67%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.49%
EPS 3Y2.4%
EPS 5Y6.13%
EPS Q2Q%-3.16%
EPS Next Y0.31%
EPS Next 2Y7.37%
EPS Next 3Y9.2%
EPS Next 5Y10.5%
Revenue 1Y (TTM)3.37%
Revenue growth 3Y5.33%
Revenue growth 5Y9.82%
Sales Q2Q%1.02%
Revenue Next Year4.03%
Revenue Next 2Y6.05%
Revenue Next 3Y6.96%
Revenue Next 5Y6.9%
EBIT growth 1Y2.33%
EBIT growth 3Y0.33%
EBIT growth 5Y6.3%
EBIT Next Year25.2%
EBIT Next 3Y14.33%
EBIT Next 5Y11.43%
FCF growth 1Y28.59%
FCF growth 3Y12.39%
FCF growth 5Y7.29%
OCF growth 1Y22.51%
OCF growth 3Y10.95%
OCF growth 5Y7.7%
MARKETAXESS HOLDINGS INC / MKTX FAQ
Can you provide the ChartMill fundamental rating for MARKETAXESS HOLDINGS INC?
ChartMill assigns a fundamental rating of 6 / 10 to MKTX.
Can you provide the valuation status for MARKETAXESS HOLDINGS INC?
ChartMill assigns a valuation rating of 3 / 10 to MARKETAXESS HOLDINGS INC (MKTX). This can be considered as Overvalued.
How profitable is MARKETAXESS HOLDINGS INC (MKTX) stock?
MARKETAXESS HOLDINGS INC (MKTX) has a profitability rating of 7 / 10.
How financially healthy is MARKETAXESS HOLDINGS INC?
The financial health rating of MARKETAXESS HOLDINGS INC (MKTX) is 9 / 10.
What is the earnings growth outlook for MARKETAXESS HOLDINGS INC?
The Earnings per Share (EPS) of MARKETAXESS HOLDINGS INC (MKTX) is expected to grow by 0.31% in the next year.