TMX GROUP LTD (X.CA) Fundamental Analysis & Valuation
TSX:X • CA87262K1057
Current stock price
52.31 CAD
+1.15 (+2.25%)
Last:
This X.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. X.CA Profitability Analysis
1.1 Basic Checks
- In the past year X was profitable.
- X had a positive operating cash flow in the past year.
- In the past 5 years X has always been profitable.
- In the past 5 years X always reported a positive cash flow from operatings.
1.2 Ratios
- X has a Return On Assets (0.82%) which is in line with its industry peers.
- X has a better Return On Equity (8.74%) than 64.94% of its industry peers.
- X's Return On Invested Capital of 7.77% is fine compared to the rest of the industry. X outperforms 74.03% of its industry peers.
- X had an Average Return On Invested Capital over the past 3 years of 7.12%. This is in line with the industry average of 8.54%.
- The last Return On Invested Capital (7.77%) for X is above the 3 year average (7.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 8.74% | ||
| ROIC | 7.77% |
ROA(3y)0.86%
ROA(5y)0.82%
ROE(3y)9.31%
ROE(5y)10.13%
ROIC(3y)7.12%
ROIC(5y)7%
1.3 Margins
- With a Profit Margin value of 14.23%, X perfoms like the industry average, outperforming 58.44% of the companies in the same industry.
- In the last couple of years the Profit Margin of X has declined.
- Looking at the Operating Margin, with a value of 26.38%, X is doing worse than 66.23% of the companies in the same industry.
- In the last couple of years the Operating Margin of X has declined.
- X's Gross Margin of 58.76% is fine compared to the rest of the industry. X outperforms 71.43% of its industry peers.
- In the last couple of years the Gross Margin of X has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.38% | ||
| PM (TTM) | 14.23% | ||
| GM | 58.76% |
OM growth 3Y-2.73%
OM growth 5Y-8.85%
PM growth 3Y-21.23%
PM growth 5Y-12.2%
GM growth 3Y-0.63%
GM growth 5Y-6.97%
2. X.CA Health Analysis
2.1 Basic Checks
- Compared to 1 year ago, X has about the same amount of shares outstanding.
- X has less shares outstanding than it did 5 years ago.
- X has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.35, we must say that X is in the distress zone and has some risk of bankruptcy.
- X's Altman-Z score of 0.35 is in line compared to the rest of the industry. X outperforms 50.65% of its industry peers.
- X has a debt to FCF ratio of 3.35. This is a good value and a sign of high solvency as X would need 3.35 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 3.35, X is doing good in the industry, outperforming 67.53% of the companies in the same industry.
- A Debt/Equity ratio of 0.35 indicates that X is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.35, X perfoms like the industry average, outperforming 50.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.35 | ||
| Altman-Z | 0.35 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- X has a Current Ratio of 1.00. This is a normal value and indicates that X is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of X (1.00) is worse than 76.62% of its industry peers.
- X has a Quick Ratio of 1.00. This is a normal value and indicates that X is financially healthy and should not expect problems in meeting its short term obligations.
- X has a worse Quick ratio (1.00) than 76.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. X.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 24.71% over the past year.
- The Earnings Per Share has been growing by 12.51% on average over the past years. This is quite good.
- X shows a decrease in Revenue. In the last year, the revenue decreased by -1.69%.
- Measured over the past years, X shows a very strong growth in Revenue. The Revenue has been growing by 23.29% on average per year.
EPS 1Y (TTM)24.71%
EPS 3Y14.18%
EPS 5Y12.51%
EPS Q2Q%25%
Revenue 1Y (TTM)-1.69%
Revenue growth 3Y16.16%
Revenue growth 5Y23.29%
Sales Q2Q%16.4%
3.2 Future
- Based on estimates for the next years, X will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.74% on average per year.
- The Revenue is expected to grow by 9.08% on average over the next years. This is quite good.
EPS Next Y10.78%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
EPS Next 5YN/A
Revenue Next Year9.81%
Revenue Next 2Y8.18%
Revenue Next 3Y9.08%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- 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. X.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 24.67 indicates a rather expensive valuation of X.
- Based on the Price/Earnings ratio, X is valued a bit more expensive than the industry average as 74.03% of the companies are valued more cheaply.
- X's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.33.
- X is valuated rather expensively with a Price/Forward Earnings ratio of 22.27.
- X's Price/Forward Earnings is on the same level as the industry average.
- X is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 38.16, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.67 | ||
| Fwd PE | 22.27 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as X.
- Based on the Price/Free Cash Flow ratio, X is valued a bit cheaper than 72.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.61 | ||
| EV/EBITDA | 16.85 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.29
PEG (5Y)1.97
EPS Next 2Y10.36%
EPS Next 3Y11.74%
5. X.CA Dividend Analysis
5.1 Amount
- X has a Yearly Dividend Yield of 1.90%.
- Compared to an average industry Dividend Yield of 1.78, X pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, X has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.9% |
5.2 History
- On average, the dividend of X grows each year by 9.02%, which is quite nice.
- 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)9.02%
Div Incr Years10
Div Non Decr Years22
5.3 Sustainability
- X pays out 56.19% of its income as dividend. 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.
DP56.19%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
X.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:X (4/14/2026, 7:00:00 PM)
52.31
+1.15 (+2.25%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05 2026-02-05/amc
Earnings (Next)05-04 2026-05-04
Inst Owners56.88%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap14.55B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts80
Price Target62.48 (19.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.9% |
Yearly Dividend0.84
Dividend Growth(5Y)9.02%
DP56.19%
Div Incr Years10
Div Non Decr Years22
Ex-Date02-20 2026-02-20 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.76%
Min EPS beat(2)5.49%
Max EPS beat(2)8.02%
EPS beat(4)3
Avg EPS beat(4)3.78%
Min EPS beat(4)-1.64%
Max EPS beat(4)8.02%
EPS beat(8)6
Avg EPS beat(8)3.01%
EPS beat(12)8
Avg EPS beat(12)2%
EPS beat(16)10
Avg EPS beat(16)1.71%
Revenue beat(2)2
Avg Revenue beat(2)1.1%
Min Revenue beat(2)1.05%
Max Revenue beat(2)1.16%
Revenue beat(4)3
Avg Revenue beat(4)0.71%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)1.2%
Revenue beat(8)5
Avg Revenue beat(8)0.43%
Revenue beat(12)7
Avg Revenue beat(12)11.94%
Revenue beat(16)11
Avg Revenue beat(16)25.31%
PT rev (1m)0%
PT rev (3m)-2.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.88%
EPS NY rev (1m)0%
EPS NY rev (3m)1.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.67 | ||
| Fwd PE | 22.27 | ||
| P/S | 4.98 | ||
| P/FCF | 22.61 | ||
| P/OCF | 19.03 | ||
| P/B | 3.06 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.85 |
EPS(TTM)2.12
EY4.05%
EPS(NY)2.35
Fwd EY4.49%
FCF(TTM)2.31
FCFY4.42%
OCF(TTM)2.75
OCFY5.25%
SpS10.5
BVpS17.1
TBVpS-9.21
PEG (NY)2.29
PEG (5Y)1.97
Graham Number28.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 8.74% | ||
| ROCE | 10.14% | ||
| ROIC | 7.77% | ||
| ROICexc | 8.33% | ||
| ROICexgc | N/A | ||
| OM | 26.38% | ||
| PM (TTM) | 14.23% | ||
| GM | 58.76% | ||
| FCFM | 22.02% |
ROA(3y)0.86%
ROA(5y)0.82%
ROE(3y)9.31%
ROE(5y)10.13%
ROIC(3y)7.12%
ROIC(5y)7%
ROICexc(3y)7.62%
ROICexc(5y)7.52%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.3%
ROCE(5y)9.16%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y3.77%
ROICexc growth 5Y5.65%
OM growth 3Y-2.73%
OM growth 5Y-8.85%
PM growth 3Y-21.23%
PM growth 5Y-12.2%
GM growth 3Y-0.63%
GM growth 5Y-6.97%
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.35 | ||
| Debt/EBITDA | 1.73 | ||
| Cap/Depr | 67.07% | ||
| Cap/Sales | 4.15% | ||
| Interest Coverage | 8.58 | ||
| Cash Conversion | 80.36% | ||
| Profit Quality | 154.82% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.35 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)56.51%
Cap/Depr(5y)54.78%
Cap/Sales(3y)2.96%
Cap/Sales(5y)3.32%
Profit Quality(3y)132.71%
Profit Quality(5y)117.13%
High Growth Momentum
Growth
EPS 1Y (TTM)24.71%
EPS 3Y14.18%
EPS 5Y12.51%
EPS Q2Q%25%
EPS Next Y10.78%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.69%
Revenue growth 3Y16.16%
Revenue growth 5Y23.29%
Sales Q2Q%16.4%
Revenue Next Year9.81%
Revenue Next 2Y8.18%
Revenue Next 3Y9.08%
Revenue Next 5YN/A
EBIT growth 1Y20.04%
EBIT growth 3Y13%
EBIT growth 5Y12.39%
EBIT Next Year24.52%
EBIT Next 3Y15.48%
EBIT Next 5YN/A
FCF growth 1Y17.08%
FCF growth 3Y17.95%
FCF growth 5Y13.28%
OCF growth 1Y22.68%
OCF growth 3Y19.86%
OCF growth 5Y13.16%
TMX GROUP LTD / X.CA Fundamental Analysis 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 2 / 10 to TMX GROUP LTD (X.CA). This can be considered as Overvalued.
Can you provide the profitability details for TMX GROUP LTD?
TMX GROUP LTD (X.CA) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for X stock?
The Price/Earnings (PE) ratio for TMX GROUP LTD (X.CA) is 24.67 and the Price/Book (PB) ratio is 3.06.
Can you provide the expected EPS growth for X stock?
The Earnings per Share (EPS) of TMX GROUP LTD (X.CA) is expected to grow by 10.78% in the next year.