249.06 USD
-3.96 (-1.57%)
249.06 USD
0 (0%)
Taking everything into account, CBOE scores 6 out of 10 in our fundamental rating. CBOE was compared to 237 industry peers in the Capital Markets industry. CBOE scores excellent points on both the profitability and health parts. This is a solid base for a good stock. CBOE is quite expensive at the moment. It does show a decent growth rate. This makes CBOE very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year CBOE was profitable.
CBOE had a positive operating cash flow in the past year.
In the past 5 years CBOE has always been profitable.
In the past 5 years CBOE always reported a positive cash flow from operatings.
1.2 Ratios
CBOE has a better Return On Assets (10.79%) than 90.72% of its industry peers.
CBOE has a Return On Equity of 20.02%. This is amongst the best in the industry. CBOE outperforms 88.19% of its industry peers.
With an excellent Return On Invested Capital value of 14.39%, CBOE belongs to the best of the industry, outperforming 90.30% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CBOE is significantly above the industry average of 6.99%.
The 3 year average ROIC (12.77%) for CBOE is below the current ROIC(14.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 20.02% | ||
| ROIC | 14.39% |
ROA(3y)7.74%
ROA(5y)7.63%
ROE(3y)14.52%
ROE(5y)14.42%
ROIC(3y)12.77%
ROIC(5y)11.7%
1.3 Margins
CBOE has a Profit Margin of 21.18%. This is comparable to the rest of the industry: CBOE outperforms 59.49% of its industry peers.
CBOE's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 29.97%, CBOE perfoms like the industry average, outperforming 58.23% of the companies in the same industry.
In the last couple of years the Operating Margin of CBOE has grown nicely.
CBOE's Gross Margin of 49.43% is in line compared to the rest of the industry. CBOE outperforms 59.07% of its industry peers.
CBOE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.97% | ||
| PM (TTM) | 21.18% | ||
| GM | 49.43% |
OM growth 3Y7.05%
OM growth 5Y4.21%
PM growth 3Y7.2%
PM growth 5Y4.48%
GM growth 3Y6.22%
GM growth 5Y2.13%
2. Health
2.1 Basic Checks
CBOE has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, CBOE has less shares outstanding
Compared to 1 year ago, CBOE has an improved debt to assets ratio.
2.2 Solvency
CBOE has an Altman-Z score of 5.48. This indicates that CBOE is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.48, CBOE belongs to the top of the industry, outperforming 86.92% of the companies in the same industry.
The Debt to FCF ratio of CBOE is 2.34, which is a good value as it means it would take CBOE, 2.34 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CBOE (2.34) is better than 83.54% of its industry peers.
CBOE has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.30, CBOE is in the better half of the industry, outperforming 72.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.34 | ||
| Altman-Z | 5.48 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.72 indicates that CBOE should not have too much problems paying its short term obligations.
CBOE has a better Current ratio (1.72) than 70.46% of its industry peers.
CBOE has a Quick Ratio of 1.72. This is a normal value and indicates that CBOE is financially healthy and should not expect problems in meeting its short term obligations.
CBOE's Quick ratio of 1.72 is fine compared to the rest of the industry. CBOE outperforms 70.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.40% over the past year.
The Earnings Per Share has been growing by 12.71% on average over the past years. This is quite good.
Looking at the last year, CBOE shows a quite strong growth in Revenue. The Revenue has grown by 16.74% in the last year.
Measured over the past years, CBOE shows a quite strong growth in Revenue. The Revenue has been growing by 10.40% on average per year.
EPS 1Y (TTM)13.4%
EPS 3Y12.46%
EPS 5Y12.71%
EPS Q2Q%20.27%
Revenue 1Y (TTM)16.74%
Revenue growth 3Y5.42%
Revenue growth 5Y10.4%
Sales Q2Q%13.82%
3.2 Future
CBOE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.72% yearly.
Based on estimates for the next years, CBOE will show a small growth in Revenue. The Revenue will grow by 6.76% on average per year.
EPS Next Y22.26%
EPS Next 2Y13.84%
EPS Next 3Y11.31%
EPS Next 5Y9.72%
Revenue Next Year14%
Revenue Next 2Y9.67%
Revenue Next 3Y7.74%
Revenue Next 5Y6.76%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 25.60 indicates a quite expensive valuation of CBOE.
CBOE's Price/Earnings ratio is a bit more expensive when compared to the industry. CBOE is more expensive than 66.24% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.59. CBOE is around the same levels.
Based on the Price/Forward Earnings ratio of 22.30, the valuation of CBOE can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as CBOE.
When comparing the Price/Forward Earnings ratio of CBOE to the average of the S&P500 Index (23.80), we can say CBOE is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.6 | ||
| Fwd PE | 22.3 |
4.2 Price Multiples
75.95% of the companies in the same industry are more expensive than CBOE, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as CBOE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.36 | ||
| EV/EBITDA | 17.21 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of CBOE may justify a higher PE ratio.
PEG (NY)1.15
PEG (5Y)2.01
EPS Next 2Y13.84%
EPS Next 3Y11.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.13%, CBOE has a reasonable but not impressive dividend return.
CBOE's Dividend Yield is slightly below the industry average, which is at 8.31.
Compared to an average S&P500 Dividend Yield of 2.31, CBOE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
On average, the dividend of CBOE grows each year by 11.94%, which is quite nice.
CBOE has paid a dividend for at least 10 years, which is a reliable track record.
CBOE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.94%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
28.10% of the earnings are spent on dividend by CBOE. This is a low number and sustainable payout ratio.
CBOE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP28.1%
EPS Next 2Y13.84%
EPS Next 3Y11.31%
249.06
-3.96 (-1.57%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners89.64%
Inst Owner Change-2.53%
Ins Owners0.18%
Ins Owner Change0%
Market Cap26.06B
Revenue(TTM)4.62B
Net Income(TTM)978.20M
Analysts55.45
Price Target264.57 (6.23%)
Short Float %2.61%
Short Ratio3.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend2.37
Dividend Growth(5Y)11.94%
DP28.1%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.59%
Min EPS beat(2)-0.39%
Max EPS beat(2)3.58%
EPS beat(4)2
Avg EPS beat(4)1.1%
Min EPS beat(4)-2.44%
Max EPS beat(4)3.67%
EPS beat(8)4
Avg EPS beat(8)0.79%
EPS beat(12)6
Avg EPS beat(12)1.06%
EPS beat(16)9
Avg EPS beat(16)1.51%
Revenue beat(2)1
Avg Revenue beat(2)0.36%
Min Revenue beat(2)-0.08%
Max Revenue beat(2)0.79%
Revenue beat(4)1
Avg Revenue beat(4)-0.64%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)0.79%
Revenue beat(8)1
Avg Revenue beat(8)-1.66%
Revenue beat(12)2
Avg Revenue beat(12)7.8%
Revenue beat(16)6
Avg Revenue beat(16)37.26%
PT rev (1m)3.92%
PT rev (3m)4.41%
EPS NQ rev (1m)9.5%
EPS NQ rev (3m)13.82%
EPS NY rev (1m)3.92%
EPS NY rev (3m)6.64%
Revenue NQ rev (1m)3.21%
Revenue NQ rev (3m)6.01%
Revenue NY rev (1m)-4.25%
Revenue NY rev (3m)3.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.6 | ||
| Fwd PE | 22.3 | ||
| P/S | 5.64 | ||
| P/FCF | 42.36 | ||
| P/OCF | 37.77 | ||
| P/B | 5.34 | ||
| P/tB | 73.91 | ||
| EV/EBITDA | 17.21 |
EPS(TTM)9.73
EY3.91%
EPS(NY)11.17
Fwd EY4.48%
FCF(TTM)5.88
FCFY2.36%
OCF(TTM)6.59
OCFY2.65%
SpS44.13
BVpS46.68
TBVpS3.37
PEG (NY)1.15
PEG (5Y)2.01
Graham Number101.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.79% | ||
| ROE | 20.02% | ||
| ROCE | 20.09% | ||
| ROIC | 14.39% | ||
| ROICexc | 18.5% | ||
| ROICexgc | 119.91% | ||
| OM | 29.97% | ||
| PM (TTM) | 21.18% | ||
| GM | 49.43% | ||
| FCFM | 13.32% |
ROA(3y)7.74%
ROA(5y)7.63%
ROE(3y)14.52%
ROE(5y)14.42%
ROIC(3y)12.77%
ROIC(5y)11.7%
ROICexc(3y)14.51%
ROICexc(5y)13.02%
ROICexgc(3y)215.12%
ROICexgc(5y)200.85%
ROCE(3y)17.83%
ROCE(5y)16.33%
ROICexgc growth 3Y-2.22%
ROICexgc growth 5Y-10.76%
ROICexc growth 3Y12.13%
ROICexc growth 5Y11.22%
OM growth 3Y7.05%
OM growth 5Y4.21%
PM growth 3Y7.2%
PM growth 5Y4.48%
GM growth 3Y6.22%
GM growth 5Y2.13%
F-Score7
Asset Turnover0.51
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.34 | ||
| Debt/EBITDA | 0.96 | ||
| Cap/Depr | 60.71% | ||
| Cap/Sales | 1.62% | ||
| Interest Coverage | 14.57 | ||
| Cash Conversion | 45.79% | ||
| Profit Quality | 62.9% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 | ||
| Altman-Z | 5.48 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)36.71%
Cap/Depr(5y)34.1%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.41%
Profit Quality(3y)175.09%
Profit Quality(5y)186.2%
High Growth Momentum
Growth
EPS 1Y (TTM)13.4%
EPS 3Y12.46%
EPS 5Y12.71%
EPS Q2Q%20.27%
EPS Next Y22.26%
EPS Next 2Y13.84%
EPS Next 3Y11.31%
EPS Next 5Y9.72%
Revenue 1Y (TTM)16.74%
Revenue growth 3Y5.42%
Revenue growth 5Y10.4%
Sales Q2Q%13.82%
Revenue Next Year14%
Revenue Next 2Y9.67%
Revenue Next 3Y7.74%
Revenue Next 5Y6.76%
EBIT growth 1Y17.72%
EBIT growth 3Y12.85%
EBIT growth 5Y15.05%
EBIT Next Year27.39%
EBIT Next 3Y12.2%
EBIT Next 5Y9.41%
FCF growth 1Y-42.26%
FCF growth 3Y23.96%
FCF growth 5Y11.71%
OCF growth 1Y-38.44%
OCF growth 3Y22.63%
OCF growth 5Y11.71%
CBOE GLOBAL MARKETS INC / CBOE FAQ
Can you provide the ChartMill fundamental rating for CBOE GLOBAL MARKETS INC?
ChartMill assigns a fundamental rating of 6 / 10 to CBOE.
What is the valuation status of CBOE GLOBAL MARKETS INC (CBOE) stock?
ChartMill assigns a valuation rating of 3 / 10 to CBOE GLOBAL MARKETS INC (CBOE). This can be considered as Overvalued.
Can you provide the profitability details for CBOE GLOBAL MARKETS INC?
CBOE GLOBAL MARKETS INC (CBOE) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for CBOE stock?
The Price/Earnings (PE) ratio for CBOE GLOBAL MARKETS INC (CBOE) is 25.6 and the Price/Book (PB) ratio is 5.34.
What is the financial health of CBOE GLOBAL MARKETS INC (CBOE) stock?
The financial health rating of CBOE GLOBAL MARKETS INC (CBOE) is 7 / 10.