TMX GROUP LTD (X.CA) Fundamental Analysis & Valuation
TSX:X • CA87262K1057
Current stock price
50.63 CAD
-0.02 (-0.04%)
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.
- 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.
- The Return On Equity of X (8.74%) is better than 64.00% of its industry peers.
- X has a better Return On Invested Capital (7.77%) than 73.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for X is in line with the industry average of 8.54%.
- 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 in line with its industry peers.
- In the last couple of years the Profit Margin of X has declined.
- The Operating Margin of X (26.38%) is worse than 69.33% 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 69.33% 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
- 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.
- Compared to 1 year ago, X has an improved debt to assets ratio.
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 52.00% of the companies in the same industry.
- The Debt to FCF ratio of X is 3.35, which is a good value as it means it would take X, 3.35 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 3.35, X is in the better half of the industry, outperforming 66.67% 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.
- Looking at the Debt to Equity ratio, with a value of 0.35, X is in line with its industry, outperforming 50.67% of the companies in the same industry.
| 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 has a worse Current ratio (1.00) than 77.33% of its industry peers.
- A Quick Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.00, X is doing worse than 77.33% of the companies in the same industry.
| 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.
- Looking at the last year, X shows a decrease in Revenue. The Revenue has decreased by -1.69% in the last year.
- X shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.29% yearly.
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.
- Based on estimates for the next years, X will show a quite strong growth in Revenue. The Revenue will grow by 9.08% on average per year.
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
- With a Price/Earnings ratio of 23.88, X is valued on the expensive side.
- 74.67% of the companies in the same industry are cheaper than X, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of X to the average of the S&P500 Index (26.86), we can say X is valued inline with the index average.
- A Price/Forward Earnings ratio of 21.56 indicates a rather expensive valuation of X.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of X is on the same level as its industry peers.
- X's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.88 | ||
| Fwd PE | 21.56 |
4.2 Price Multiples
- X's Enterprise Value to EBITDA ratio is in line with the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of X indicates a somewhat cheap valuation: X is cheaper than 72.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.89 | ||
| EV/EBITDA | 16.35 |
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)2.22
PEG (5Y)1.91
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%. 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.
- X's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.9% |
5.2 History
- The dividend of X is nicely growing with an annual growth rate of 9.02%!
- 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 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.
- 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 (4/10/2026, 7:00:00 PM)
50.63
-0.02 (-0.04%)
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 Cap14.09B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts80
Price Target62.48 (23.41%)
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 | 23.88 | ||
| Fwd PE | 21.56 | ||
| P/S | 4.82 | ||
| P/FCF | 21.89 | ||
| P/OCF | 18.42 | ||
| P/B | 2.96 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.35 |
EPS(TTM)2.12
EY4.19%
EPS(NY)2.35
Fwd EY4.64%
FCF(TTM)2.31
FCFY4.57%
OCF(TTM)2.75
OCFY5.43%
SpS10.5
BVpS17.1
TBVpS-9.21
PEG (NY)2.22
PEG (5Y)1.91
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.
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 23.88 and the Price/Book (PB) ratio is 2.96.
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.