TMX GROUP LTD (X.CA) Fundamental Analysis & Valuation

TSX:X • CA87262K1057

Current stock price

48.19 CAD
+0.39 (+0.82%)
Last:

This X.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. X.CA Profitability Analysis

1.1 Basic Checks

  • In the past year X was profitable.
  • In the past year X had a positive cash flow from operations.
  • Each year in the past 5 years X has been profitable.
  • In the past 5 years X always reported a positive cash flow from operatings.
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 2025 200M 400M 600M

1.2 Ratios

  • The Return On Assets of X (0.82%) is comparable to the rest of the industry.
  • X has a better Return On Equity (8.74%) than 63.64% of its industry peers.
  • X has a Return On Invested Capital of 7.77%. This is in the better half of the industry: X outperforms 71.43% of its industry peers.
  • X had an Average Return On Invested Capital over the past 3 years of 7.12%. This is below the industry average of 10.68%.
  • 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 RankSector 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%
X.CA Yearly ROA, ROE, ROICX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of X (14.23%) is comparable to the rest of the industry.
  • X's Profit Margin has declined in the last couple of years.
  • X's Operating Margin of 26.38% is fine compared to the rest of the industry. X outperforms 64.94% of its industry peers.
  • In the last couple of years the Operating Margin of X has declined.
  • With a decent Gross Margin value of 58.76%, X is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • X's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
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 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. X.CA Health Analysis

2.1 Basic Checks

  • X has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for X has been reduced compared to 5 years ago.
  • Compared to 1 year ago, X has an improved debt to assets ratio.
X.CA Yearly Shares OutstandingX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 20B 40B 60B

2.2 Solvency

  • Based on the Altman-Z score of 0.33, we must say that X is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.33, X perfoms like the industry average, outperforming 48.05% 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 better Debt to FCF ratio (3.35) than 61.04% of its industry peers.
  • A Debt/Equity ratio of 0.35 indicates that X is not too dependend on debt financing.
  • X's Debt to Equity ratio of 0.35 is in line compared to the rest of the industry. X outperforms 49.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.35
Altman-Z 0.33
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 2025 1B 2B 3B 4B

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 has a Current ratio (1.00) which is in line with 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.
  • With a Quick ratio value of 1.00, X perfoms like the industry average, outperforming 53.25% 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 2025 10B 20B 30B 40B 50B

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

6

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last 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 2028 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 2028 0.5 1 1.5 2 2.5

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2

4. X.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.73, the valuation of X can be described as rather expensive.
  • X's Price/Earnings ratio is a bit more expensive when compared to the industry. X is more expensive than 72.73% 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 24.75, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 20.52, the valuation of X can be described as rather expensive.
  • X's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.10. X is around the same levels.
Industry RankSector Rank
PE 22.73
Fwd PE 20.52
X.CA Price Earnings VS Forward Price EarningsX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as X.
  • 72.73% 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 20.83
EV/EBITDA 15.64
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

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates X does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.11
PEG (5Y)1.82
EPS Next 2Y10.36%
EPS Next 3Y11.74%

More info and screens

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

7

5. X.CA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.74%, X has a reasonable but not impressive dividend return.
  • X's Dividend Yield is a higher than the industry average which is at 1.87.
  • Compared to an average S&P500 Dividend Yield of 1.89, 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 9.02%!
  • X has been paying a dividend for at least 10 years, so it has 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
X.CA Yearly Dividends per shareX.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

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.
  • 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 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 2025 200M 400M 600M
X.CA Dividend Payout.X.CA Dividend Payout, showing the Payout Ratio.X.CA Dividend Payout.PayoutRetained Earnings

More info and screens

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X.CA Fundamentals: All Metrics, Ratios and Statistics

TMX GROUP LTD

TSX:X (3/30/2026, 7:00:00 PM)

48.19

+0.39 (+0.82%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)05-04
Inst Owners57.06%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap13.41B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts80
Price Target62.48 (29.65%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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
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)-2.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.88%
EPS NY rev (1m)1.24%
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 RankSector Rank
PE 22.73
Fwd PE 20.52
P/S 4.59
P/FCF 20.83
P/OCF 17.53
P/B 2.82
P/tB N/A
EV/EBITDA 15.64
EPS(TTM)2.12
EY4.4%
EPS(NY)2.35
Fwd EY4.87%
FCF(TTM)2.31
FCFY4.8%
OCF(TTM)2.75
OCFY5.7%
SpS10.5
BVpS17.1
TBVpS-9.21
PEG (NY)2.11
PEG (5Y)1.82
Graham Number28.56
Profitability
Industry RankSector 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 RankSector 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 0.33
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.