TMX GROUP LTD (X.CA) Fundamental Analysis & Valuation
TSX:X • CA87262K1057
Current stock price
49.33 CAD
+0.33 (+0.67%)
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.
- X had a positive operating cash flow in the past year.
- 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
- Looking at the Return On Assets, with a value of 0.82%, X is in line with its industry, outperforming 56.41% 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 61.54% 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 73.08% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for X is below the industry average of 10.97%.
- 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
- Looking at the Profit Margin, with a value of 14.23%, X is in line with its industry, outperforming 58.97% of the companies in the same industry.
- X's Profit Margin has declined in the last couple of years.
- X has a better Operating Margin (26.38%) than 65.38% of its industry peers.
- X's Operating Margin has declined in the last couple of years.
- X's Gross Margin of 58.76% is fine compared to the rest of the industry. X outperforms 71.79% of its industry peers.
- 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
- The number of shares outstanding for X remains at a similar level compared to 1 year ago.
- The number of shares outstanding for X has been reduced compared to 5 years ago.
- X has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.34, we must say that X is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.34, X perfoms like the industry average, outperforming 48.72% of the companies in the same 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.
- X has a Debt to FCF ratio of 3.35. This is in the better half of the industry: X outperforms 62.82% of its industry peers.
- X has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
- X's Debt to Equity ratio of 0.35 is in line compared to the rest of the industry. X outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.35 | ||
| Altman-Z | 0.34 |
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 in line compared to the rest of the industry. X outperforms 55.13% 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's Quick ratio of 1.00 is in line compared to the rest of the industry. X outperforms 55.13% 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.
- Measured over the past years, X shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.51% on average per year.
- The Revenue has decreased by -1.69% in the past year.
- The Revenue has been growing by 23.29% on average over the past years. This is a very strong growth!
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.
- X is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.08% yearly.
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
- 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
- X is valuated rather expensively with a Price/Earnings ratio of 23.27.
- X's Price/Earnings ratio is a bit more expensive when compared to the industry. X is more expensive than 71.79% of the companies in the same industry.
- X is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.79, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 21.00, X is valued on the expensive side.
- Based on the Price/Forward Earnings ratio, X is valued a bit cheaper than 60.26% of the companies in the same industry.
- X is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.80, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.27 | ||
| Fwd PE | 21 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as X.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of X indicates a somewhat cheap valuation: X is cheaper than 73.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.32 | ||
| EV/EBITDA | 15.97 |
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)2.16
PEG (5Y)1.86
EPS Next 2Y10.36%
EPS Next 3Y11.74%
5. X.CA Dividend Analysis
5.1 Amount
- X has a Yearly Dividend Yield of 1.74%.
- Compared to an average industry Dividend Yield of 3.20, X has a dividend in line with its industry peers.
- X's Dividend Yield is comparable with the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
5.2 History
- On average, the dividend of X grows each year by 9.02%, which is quite nice.
- X has paid a dividend for at least 10 years, which is a reliable track record.
- X has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.02%
Div Incr Years9
Div Non Decr Years21
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.
- The dividend of X is growing, but earnings are growing more, so the dividend growth is sustainable.
DP56.19%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
X.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:X (3/17/2026, 7:00:00 PM)
49.33
+0.33 (+0.67%)
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 Owners57.06%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap13.72B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts80
Price Target62.48 (26.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
Yearly Dividend0.84
Dividend Growth(5Y)9.02%
DP56.19%
Div Incr Years9
Div Non Decr Years21
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)-2.2%
PT rev (3m)-2%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)5.21%
EPS NY rev (1m)1.24%
EPS NY rev (3m)1.82%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.92%
Revenue NY rev (1m)2.48%
Revenue NY rev (3m)2.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.27 | ||
| Fwd PE | 21 | ||
| P/S | 4.7 | ||
| P/FCF | 21.32 | ||
| P/OCF | 17.94 | ||
| P/B | 2.88 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.97 |
EPS(TTM)2.12
EY4.3%
EPS(NY)2.35
Fwd EY4.76%
FCF(TTM)2.31
FCFY4.69%
OCF(TTM)2.75
OCFY5.57%
SpS10.5
BVpS17.1
TBVpS-9.21
PEG (NY)2.16
PEG (5Y)1.86
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 | 0.34 |
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.
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 5 / 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 10.78% in the next year.