TMX GROUP LTD (X.CA) Fundamental Analysis & Valuation
TSX:X • CA87262K1057
Current stock price
54.17 CAD
+0.57 (+1.06%)
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
- X had positive earnings in the past year.
- In the past year X had a positive cash flow from operations.
- X had positive earnings in each of the past 5 years.
- Each year in the past 5 years X had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of 0.82%, X perfoms like the industry average, outperforming 51.32% of the companies in the same industry.
- With a decent Return On Equity value of 8.74%, X is doing good in the industry, outperforming 63.16% of the companies in the same industry.
- X has a Return On Invested Capital of 7.77%. This is in the better half of the industry: X outperforms 72.37% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for X is in line with the industry average of 8.84%.
- The 3 year average ROIC (7.12%) for X is below the current ROIC(7.77%), indicating increased profibility in the last year.
| 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
- X has a Profit Margin (14.23%) which is comparable to the rest of the industry.
- In the last couple of years the Profit Margin of X has declined.
- X has a Operating Margin of 26.38%. This is in the lower half of the industry: X underperforms 68.42% of its industry peers.
- X's Operating Margin has declined in the last couple of years.
- With a decent Gross Margin value of 58.76%, X is doing good in the industry, outperforming 71.05% of the companies in the same industry.
- X's Gross Margin has declined in the last couple of years.
| 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.
- The number of shares outstanding for X has been reduced compared to 5 years ago.
- The debt/assets ratio for X has been reduced compared to a year ago.
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.
- The Altman-Z score of X (0.35) is comparable to the rest of the industry.
- 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 65.79% of the companies in the same industry.
- X has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
- X has a Debt to Equity ratio (0.35) which is comparable to the rest of the 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.
- X's Current ratio of 1.00 is on the low side compared to the rest of the industry. X is outperformed by 77.63% of its industry peers.
- A Quick Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
- X has a worse Quick ratio (1.00) than 77.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. X.CA Growth Analysis
3.1 Past
- X shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.71%, which is quite impressive.
- X shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.51% yearly.
- 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
- X is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.74% yearly.
- The Revenue is expected to grow by 8.13% 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 Year10.5%
Revenue Next 2Y8.26%
Revenue Next 3Y8.13%
Revenue Next 5YN/A
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 stable.
- 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
- With a Price/Earnings ratio of 25.55, X can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, X is valued a bit more expensive than 77.63% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.95, X is valued at the same level.
- X is valuated rather expensively with a Price/Forward Earnings ratio of 23.07.
- X's Price/Forward Earnings is on the same level as the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 38.68. X is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.55 | ||
| Fwd PE | 23.07 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as X.
- X's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. X is cheaper than 71.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.32 | ||
| EV/EBITDA | 17.32 |
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)2.37
PEG (5Y)2.04
EPS Next 2Y10.36%
EPS Next 3Y11.74%
5. X.CA Dividend Analysis
5.1 Amount
- X has a Yearly Dividend Yield of 1.88%. Purely for dividend investing, there may be better candidates out there.
- 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 1.81, X has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
5.2 History
- The dividend of X is nicely growing with an annual growth rate of 9.02%!
- 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
- 56.19% 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.
DP56.19%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
X.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:X (4/20/2026, 7:00:00 PM)
54.17
+0.57 (+1.06%)
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 Cap15.01B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts80
Price Target63.37 (16.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
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)1.43%
PT rev (3m)-0.8%
EPS NQ rev (1m)3.51%
EPS NQ rev (3m)7.87%
EPS NY rev (1m)0%
EPS NY rev (3m)1.24%
Revenue NQ rev (1m)2.18%
Revenue NQ rev (3m)7.21%
Revenue NY rev (1m)0.63%
Revenue NY rev (3m)3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.55 | ||
| Fwd PE | 23.07 | ||
| P/S | 5.14 | ||
| P/FCF | 23.32 | ||
| P/OCF | 19.62 | ||
| P/B | 3.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.32 |
EPS(TTM)2.12
EY3.91%
EPS(NY)2.35
Fwd EY4.34%
FCF(TTM)2.32
FCFY4.29%
OCF(TTM)2.76
OCFY5.1%
SpS10.55
BVpS17.17
TBVpS-9.25
PEG (NY)2.37
PEG (5Y)2.04
Graham Number28.6209 (-47.16%)
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 Year10.5%
Revenue Next 2Y8.26%
Revenue Next 3Y8.13%
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 25.55 and the Price/Book (PB) ratio is 3.15.
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.