TMX GROUP LTD (X.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:X • CA87262K1057

45.42 CAD
-0.73 (-1.58%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, X scores 5 out of 10 in our fundamental rating. X was compared to 78 industry peers in the Capital Markets industry. Both the profitability and the financial health of X get a neutral evaluation. Nothing too spectacular is happening here. X is growing strongly while it is still valued neutral. This is a good combination! Finally X also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year X was profitable.
  • X had a positive operating cash flow in the past year.
  • Each year in the past 5 years X has been profitable.
  • Each year in the past 5 years X had a positive operating cash flow.
X.CA Yearly Net Income VS EBIT VS OCF VS FCFX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

1.2 Ratios

  • X has a Return On Assets (0.91%) which is in line with its industry peers.
  • X has a Return On Equity of 9.71%. This is in the better half of the industry: X outperforms 62.82% of its industry peers.
  • With a decent Return On Invested Capital value of 7.55%, X is doing good in the industry, outperforming 75.64% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for X is below the industry average of 10.45%.
  • The last Return On Invested Capital (7.55%) for X is above the 3 year average (6.82%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.91%
ROE 9.71%
ROIC 7.55%
ROA(3y)0.91%
ROA(5y)0.81%
ROE(3y)10.93%
ROE(5y)9.94%
ROIC(3y)6.82%
ROIC(5y)6.67%
X.CA Yearly ROA, ROE, ROICX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • The Profit Margin of X (15.99%) is better than 61.54% of its industry peers.
  • X's Profit Margin has declined in the last couple of years.
  • X has a Operating Margin of 25.96%. This is in the lower half of the industry: X underperforms 61.54% of its industry peers.
  • X's Operating Margin has declined in the last couple of years.
  • X's Gross Margin of 57.47% is fine compared to the rest of the industry. X outperforms 73.08% of its industry peers.
  • In the last couple of years the Gross Margin of X has declined.
Industry RankSector Rank
OM 25.96%
PM (TTM) 15.99%
GM 57.47%
OM growth 3Y-23.88%
OM growth 5Y-8.28%
PM growth 3Y-20.89%
PM growth 5Y-5.37%
GM growth 3Y-19.68%
GM growth 5Y-6.72%
X.CA Yearly Profit, Operating, Gross MarginsX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • The number of shares outstanding for X has been increased compared to 1 year ago.
  • X has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for X is higher compared to a year ago.
X.CA Yearly Shares OutstandingX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
X.CA Yearly Total Debt VS Total AssetsX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

  • X has an Altman-Z score of 0.32. This is a bad value and indicates that X is not financially healthy and even has some risk of bankruptcy.
  • X's Altman-Z score of 0.32 is in line compared to the rest of the industry. X outperforms 50.00% of its industry peers.
  • X has a debt to FCF ratio of 3.41. This is a good value and a sign of high solvency as X would need 3.41 years to pay back of all of its debts.
  • X's Debt to FCF ratio of 3.41 is fine compared to the rest of the industry. X outperforms 69.23% of its industry peers.
  • A Debt/Equity ratio of 0.35 indicates that X is not too dependend on debt financing.
  • X has a Debt to Equity ratio of 0.35. This is comparable to the rest of the industry: X outperforms 52.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.41
Altman-Z 0.32
ROIC/WACCN/A
WACCN/A
X.CA Yearly LT Debt VS Equity VS FCFX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.00, X is in line with its industry, outperforming 57.69% of the companies in the same industry.
  • A Quick Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.00, X perfoms like the industry average, outperforming 57.69% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1
X.CA Yearly Current Assets VS Current LiabilitesX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.79% over the past year.
  • Measured over the past years, X shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.87% on average per year.
  • The Revenue has decreased by -6.09% in the past year.
  • X shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.71% yearly.
EPS 1Y (TTM)25.79%
EPS 3Y6.08%
EPS 5Y9.87%
EPS Q2Q%26.83%
Revenue 1Y (TTM)-6.09%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%18.32%

3.2 Future

  • X is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.90% yearly.
  • X is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.36% yearly.
EPS Next Y23.5%
EPS Next 2Y16.81%
EPS Next 3Y14.9%
EPS Next 5YN/A
Revenue Next Year17.48%
Revenue Next 2Y12.4%
Revenue Next 3Y10.36%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
X.CA Yearly Revenue VS EstimatesX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B 2.5B
X.CA Yearly EPS VS EstimatesX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

More info and screens

Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 22.71, which indicates a rather expensive current valuation of X.
  • Based on the Price/Earnings ratio, X is valued a bit more expensive than 66.67% of the companies in the same industry.
  • X's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.93.
  • A Price/Forward Earnings ratio of 19.58 indicates a rather expensive valuation of X.
  • X's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. X is cheaper than 60.26% of the companies in the same industry.
  • X's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.77.
Industry RankSector Rank
PE 22.71
Fwd PE 19.58
X.CA Price Earnings VS Forward Price EarningsX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • X's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 78.21% of the companies in the same industry are more expensive than X, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 19.82
EV/EBITDA 15.26
X.CA Per share dataX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

  • X's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as X's earnings are expected to grow with 14.90% in the coming years.
PEG (NY)0.97
PEG (5Y)2.3
EPS Next 2Y16.81%
EPS Next 3Y14.9%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. Dividend

5.1 Amount

  • X has a Yearly Dividend Yield of 1.74%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.71, X pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, X has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.74%

5.2 History

  • The dividend of X is nicely growing with an annual growth rate of 8.27%!
  • X has been paying a dividend for at least 10 years, so it has a reliable track record.
  • X has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.27%
Div Incr Years9
Div Non Decr Years21
X.CA Yearly Dividends per shareX.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 48.98% of the earnings are spent on dividend by X. This is a bit on the high side, but may be sustainable.
  • X's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP48.98%
EPS Next 2Y16.81%
EPS Next 3Y14.9%
X.CA Yearly Income VS Free CF VS DividendX.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
X.CA Dividend Payout.X.CA Dividend Payout, showing the Payout Ratio.X.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

TMX GROUP LTD

TSX:X (2/6/2026, 7:00:00 PM)

45.42

-0.73 (-1.58%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)05-04
Inst Owners56.1%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap12.64B
Revenue(TTM)2.88B
Net Income(TTM)459.80M
Analysts78.57
Price Target63.88 (40.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
Yearly Dividend0.75
Dividend Growth(5Y)8.27%
DP48.98%
Div Incr Years9
Div Non Decr Years21
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.37%
Min EPS beat(2)3.25%
Max EPS beat(2)5.49%
EPS beat(4)3
Avg EPS beat(4)3.85%
Min EPS beat(4)-1.64%
Max EPS beat(4)8.27%
EPS beat(8)5
Avg EPS beat(8)1.78%
EPS beat(12)7
Avg EPS beat(12)1.3%
EPS beat(16)10
Avg EPS beat(16)1.26%
Revenue beat(2)1
Avg Revenue beat(2)0.24%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)1.05%
Revenue beat(4)3
Avg Revenue beat(4)1.03%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)2.45%
Revenue beat(8)4
Avg Revenue beat(8)0.11%
Revenue beat(12)7
Avg Revenue beat(12)21.91%
Revenue beat(16)11
Avg Revenue beat(16)25.65%
PT rev (1m)0%
PT rev (3m)1.62%
EPS NQ rev (1m)2.81%
EPS NQ rev (3m)6.57%
EPS NY rev (1m)0.28%
EPS NY rev (3m)2.48%
Revenue NQ rev (1m)1.53%
Revenue NQ rev (3m)4.45%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.17%
Valuation
Industry RankSector Rank
PE 22.71
Fwd PE 19.58
P/S 4.39
P/FCF 19.82
P/OCF 17.55
P/B 2.67
P/tB N/A
EV/EBITDA 15.26
EPS(TTM)2
EY4.4%
EPS(NY)2.32
Fwd EY5.11%
FCF(TTM)2.29
FCFY5.04%
OCF(TTM)2.59
OCFY5.7%
SpS10.34
BVpS17.01
TBVpS-9.02
PEG (NY)0.97
PEG (5Y)2.3
Graham Number27.67
Profitability
Industry RankSector Rank
ROA 0.91%
ROE 9.71%
ROCE 9.83%
ROIC 7.55%
ROICexc 8.18%
ROICexgc N/A
OM 25.96%
PM (TTM) 15.99%
GM 57.47%
FCFM 22.16%
ROA(3y)0.91%
ROA(5y)0.81%
ROE(3y)10.93%
ROE(5y)9.94%
ROIC(3y)6.82%
ROIC(5y)6.67%
ROICexc(3y)7.34%
ROICexc(5y)7.13%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)8.89%
ROCE(5y)8.74%
ROICexgc growth 3Y238.12%
ROICexgc growth 5Y119.32%
ROICexc growth 3Y-2.59%
ROICexc growth 5Y3.49%
OM growth 3Y-23.88%
OM growth 5Y-8.28%
PM growth 3Y-20.89%
PM growth 5Y-5.37%
GM growth 3Y-19.68%
GM growth 5Y-6.72%
F-Score6
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.41
Debt/EBITDA 1.77
Cap/Depr 46.96%
Cap/Sales 2.87%
Interest Coverage 7.89
Cash Conversion 78.06%
Profit Quality 138.63%
Current Ratio 1
Quick Ratio 1
Altman-Z 0.32
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)49.36%
Cap/Depr(5y)58.08%
Cap/Sales(3y)2.5%
Cap/Sales(5y)3.8%
Profit Quality(3y)105.19%
Profit Quality(5y)110.84%
High Growth Momentum
Growth
EPS 1Y (TTM)25.79%
EPS 3Y6.08%
EPS 5Y9.87%
EPS Q2Q%26.83%
EPS Next Y23.5%
EPS Next 2Y16.81%
EPS Next 3Y14.9%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.09%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%18.32%
Revenue Next Year17.48%
Revenue Next 2Y12.4%
Revenue Next 3Y10.36%
Revenue Next 5YN/A
EBIT growth 1Y26.42%
EBIT growth 3Y8.22%
EBIT growth 5Y10.72%
EBIT Next Year37.52%
EBIT Next 3Y17.61%
EBIT Next 5YN/A
FCF growth 1Y51.4%
FCF growth 3Y12.1%
FCF growth 5Y13.93%
OCF growth 1Y48.22%
OCF growth 3Y12.2%
OCF growth 5Y12.63%

TMX GROUP LTD / X.CA FAQ

Can you provide the ChartMill fundamental rating for TMX GROUP LTD?

ChartMill assigns a fundamental rating of 5 / 10 to X.CA.


What is the valuation status for X stock?

ChartMill assigns a valuation rating of 4 / 10 to TMX GROUP LTD (X.CA). This can be considered as Fairly Valued.


How profitable is TMX GROUP LTD (X.CA) stock?

TMX GROUP LTD (X.CA) has a profitability rating of 5 / 10.


How financially healthy is TMX GROUP LTD?

The financial health rating of TMX GROUP LTD (X.CA) is 4 / 10.


What is the earnings growth outlook for TMX GROUP LTD?

The Earnings per Share (EPS) of TMX GROUP LTD (X.CA) is expected to grow by 23.5% in the next year.