TMX GROUP LTD (X.CA) Stock Fundamental Analysis
Canada - TSX:X - CA87262K1057 - Common Stock
52.98 CAD
-0.89 (-1.65%)
Taking everything into account, X scores 5 out of 10 in our fundamental rating. X was compared to 80 industry peers in the Capital Markets industry. X has only an average score on both its financial health and profitability. X has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year X was profitable.
In the past year X had a positive cash flow from operations.
In the past 5 years X has always been profitable.
Each year in the past 5 years X had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 0.88%, X is doing good in the industry, outperforming 61.25% of the companies in the same industry.
X's Return On Equity of 9.10% is fine compared to the rest of the industry. X outperforms 66.25% of its industry peers.
With a decent Return On Invested Capital value of 7.28%, X is doing good in the industry, outperforming 76.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for X is in line with the industry average of 8.46%.
The 3 year average ROIC (6.82%) for X is below the current ROIC(7.28%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 9.1% | ||
| ROIC | 7.28% |
ROA(3y)0.91%
ROA(5y)0.81%
ROE(3y)10.93%
ROE(5y)9.94%
ROIC(3y)6.82%
ROIC(5y)6.67%
1.3 Margins
X has a Profit Margin of 14.52%. This is in the better half of the industry: X outperforms 65.00% of its industry peers.
X's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 24.44%, X perfoms like the industry average, outperforming 46.25% of the companies in the same industry.
In the last couple of years the Operating Margin of X has declined.
X has a better Gross Margin (54.65%) than 71.25% of its industry peers.
X's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.44% | ||
| PM (TTM) | 14.52% | ||
| GM | 54.65% |
OM growth 3Y-23.88%
OM growth 5Y-8.28%
PM growth 3Y-20.89%
PM growth 5Y-5.37%
GM growth 3Y-19.68%
GM growth 5Y-6.72%
2. Health
2.1 Basic Checks
The number of shares outstanding for X has been increased compared to 1 year ago.
X has less shares outstanding than it did 5 years ago.
X has a worse debt/assets ratio than last year.
2.2 Solvency
X has an Altman-Z score of 0.36. This is a bad value and indicates that X is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of X (0.36) is comparable to the rest of the industry.
X has a debt to FCF ratio of 3.23. This is a good value and a sign of high solvency as X would need 3.23 years to pay back of all of its debts.
X has a better Debt to FCF ratio (3.23) than 75.00% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that X is not too dependend on debt financing.
The Debt to Equity ratio of X (0.35) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.23 | ||
| Altman-Z | 0.36 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.00, X is in line with its industry, outperforming 52.50% of the companies in the same industry.
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 Quick ratio (1.00) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
X shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.53%, which is quite impressive.
X shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -20.37% yearly.
Looking at the last year, X shows a decrease in Revenue. The Revenue has decreased by -4.94% in the last year.
X shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.71% yearly.
EPS 1Y (TTM)23.53%
EPS 3Y-37.96%
EPS 5Y-20.37%
EPS Q2Q%20.93%
Revenue 1Y (TTM)-4.94%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%14.87%
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 14.27% on average per year.
X is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.73% yearly.
EPS Next Y20.33%
EPS Next 2Y15.71%
EPS Next 3Y14.27%
EPS Next 5YN/A
Revenue Next Year15.99%
Revenue Next 2Y11.33%
Revenue Next 3Y9.73%
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 accelerating.
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. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 28.03 indicates a quite expensive valuation of X.
Compared to the rest of the industry, the Price/Earnings ratio of X indicates a slightly more expensive valuation: X is more expensive than 60.00% of the companies listed in the same industry.
X is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 23.28 indicates a rather expensive valuation of X.
The rest of the industry has a similar Price/Forward Earnings ratio as X.
The average S&P500 Price/Forward Earnings ratio is at 22.71. X is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.03 | ||
| Fwd PE | 23.28 |
4.2 Price Multiples
X's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, X is valued a bit cheaper than 72.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.82 | ||
| EV/EBITDA | 18.36 |
4.3 Compensation for Growth
X's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of X may justify a higher PE ratio.
A more expensive valuation may be justified as X's earnings are expected to grow with 14.27% in the coming years.
PEG (NY)1.38
PEG (5Y)N/A
EPS Next 2Y15.71%
EPS Next 3Y14.27%
5. Dividend
5.1 Amount
X has a Yearly Dividend Yield of 1.60%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.91, X pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.38, X is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
5.2 History
The dividend of X is nicely growing with an annual growth rate of 8.27%!
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)8.27%
Div Incr Years9
Div Non Decr Years21
5.3 Sustainability
X pays out 51.37% 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.
DP51.37%
EPS Next 2Y15.71%
EPS Next 3Y14.27%
TSX:X (9/16/2025, 7:00:00 PM)
52.98
-0.89 (-1.65%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners55.62%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap14.73B
Analysts75.38
Price Target62.29 (17.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
Yearly Dividend0.75
Dividend Growth(5Y)8.27%
DP51.37%
Div Incr Years9
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.81%
Min EPS beat(2)-1.64%
Max EPS beat(2)3.25%
EPS beat(4)3
Avg EPS beat(4)3.29%
Min EPS beat(4)-1.64%
Max EPS beat(4)8.27%
EPS beat(8)4
Avg EPS beat(8)0.73%
EPS beat(12)6
Avg EPS beat(12)0.51%
EPS beat(16)9
Avg EPS beat(16)0.7%
Revenue beat(2)1
Avg Revenue beat(2)0.31%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)1.2%
Revenue beat(4)2
Avg Revenue beat(4)0.47%
Min Revenue beat(4)-1.18%
Max Revenue beat(4)2.45%
Revenue beat(8)3
Avg Revenue beat(8)-0.49%
Revenue beat(12)7
Avg Revenue beat(12)28.99%
Revenue beat(16)11
Avg Revenue beat(16)25.74%
PT rev (1m)0%
PT rev (3m)9.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.7%
EPS NY rev (1m)3.35%
EPS NY rev (3m)3.35%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)6.37%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)1.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.03 | ||
| Fwd PE | 23.28 | ||
| P/S | 5.07 | ||
| P/FCF | 22.82 | ||
| P/OCF | 20.08 | ||
| P/B | 3.18 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.36 |
EPS(TTM)1.89
EY3.57%
EPS(NY)2.28
Fwd EY4.3%
FCF(TTM)2.32
FCFY4.38%
OCF(TTM)2.64
OCFY4.98%
SpS10.45
BVpS16.68
TBVpS-9.29
PEG (NY)1.38
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 9.1% | ||
| ROCE | 9.47% | ||
| ROIC | 7.28% | ||
| ROICexc | 7.76% | ||
| ROICexgc | N/A | ||
| OM | 24.44% | ||
| PM (TTM) | 14.52% | ||
| GM | 54.65% | ||
| FCFM | 22.22% |
ROA(3y)0.91%
ROA(5y)0.81%
ROE(3y)10.93%
ROE(5y)9.94%
ROIC(3y)6.82%
ROIC(5y)6.67%
ROICexc(3y)7.34%
ROICexc(5y)7.13%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)8.89%
ROCE(5y)8.74%
ROICexcg growth 3Y238.12%
ROICexcg growth 5Y119.32%
ROICexc growth 3Y-2.59%
ROICexc growth 5Y3.49%
OM growth 3Y-23.88%
OM growth 5Y-8.28%
PM growth 3Y-20.89%
PM growth 5Y-5.37%
GM growth 3Y-19.68%
GM growth 5Y-6.72%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.23 | ||
| Debt/EBITDA | 1.86 | ||
| Cap/Depr | 51.04% | ||
| Cap/Sales | 3.03% | ||
| Interest Coverage | 7.52 | ||
| Cash Conversion | 83.13% | ||
| Profit Quality | 153.01% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.36 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)49.36%
Cap/Depr(5y)58.08%
Cap/Sales(3y)2.5%
Cap/Sales(5y)3.8%
Profit Quality(3y)105.19%
Profit Quality(5y)110.84%
High Growth Momentum
Growth
EPS 1Y (TTM)23.53%
EPS 3Y-37.96%
EPS 5Y-20.37%
EPS Q2Q%20.93%
EPS Next Y20.33%
EPS Next 2Y15.71%
EPS Next 3Y14.27%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.94%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%14.87%
Revenue Next Year15.99%
Revenue Next 2Y11.33%
Revenue Next 3Y9.73%
Revenue Next 5YN/A
EBIT growth 1Y26.75%
EBIT growth 3Y8.22%
EBIT growth 5Y10.72%
EBIT Next Year34.67%
EBIT Next 3Y16.5%
EBIT Next 5YN/A
FCF growth 1Y51.68%
FCF growth 3Y12.1%
FCF growth 5Y13.93%
OCF growth 1Y52%
OCF growth 3Y12.2%
OCF growth 5Y12.63%