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

TSX:X • CA87262K1057

Current stock price

49.33 CAD
+1.14 (+2.37%)
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.
  • In the past 5 years X has always 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

  • With a Return On Assets value of 0.82%, X perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 8.74%, X is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
  • The Return On Invested Capital of X (7.77%) is better than 71.43% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for X 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

  • With a Profit Margin value of 14.23%, X perfoms like the industry average, outperforming 58.44% of the companies in the same industry.
  • In the last couple of years the Profit Margin of X has declined.
  • The Operating Margin of X (26.38%) is better than 64.94% of its industry peers.
  • X's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 58.76%, X is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • In the last couple of years the Gross Margin of X has declined.
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

  • 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.
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 0.34, we must say that X is in the distress zone and has some risk of bankruptcy.
  • X has a Altman-Z score (0.34) which is in line with its industry peers.
  • 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's Debt to FCF ratio of 3.35 is fine compared to the rest of the industry. X outperforms 61.04% of its industry peers.
  • A Debt/Equity ratio of 0.35 indicates that X is not too dependend on debt financing.
  • X has a Debt to Equity ratio (0.35) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.35
Altman-Z 0.34
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 comparable to the rest of the 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 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.
  • The Earnings Per Share has been growing by 12.51% on average over the past years. This is quite good.
  • The Revenue has decreased by -1.69% in the past year.
  • 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

  • The Earnings Per Share is expected to grow by 11.74% on average over the next years. This is quite good.
  • 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 23.27, the valuation of X can be described as rather expensive.
  • Based on the Price/Earnings ratio, X is valued a bit more expensive than 71.43% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 25.58. X is around the same levels.
  • Based on the Price/Forward Earnings ratio of 21.00, the valuation of X can be described as rather expensive.
  • X's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of X to the average of the S&P500 Index (22.81), we can say X is valued inline with the index average.
Industry RankSector Rank
PE 23.27
Fwd PE 21
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 25

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 71.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.33
EV/EBITDA 15.97
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 an expensive valuation of the company.
PEG (NY)2.16
PEG (5Y)1.86
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

  • X has a Yearly Dividend Yield of 1.74%.
  • X's Dividend Yield is a higher than the industry average which is at 1.87.
  • X's Dividend Yield is comparable with the S&P500 average which is at 1.89.
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 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
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

  • 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 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 (3/31/2026, 7:00:00 PM)

49.33

+1.14 (+2.37%)

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 Cap13.73B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts80
Price Target62.48 (26.66%)
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 23.27
Fwd PE 21
P/S 4.7
P/FCF 21.33
P/OCF 17.95
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 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 0.34
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 23.27 and the Price/Book (PB) ratio is 2.88.


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.