CBOE GLOBAL MARKETS INC (CBOE) Fundamental Analysis & Valuation

NYSEARCA:CBOE • US12503M1080

Current stock price

273 USD
-6.79 (-2.43%)
At close:
273 USD
0 (0%)
After Hours:

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

9

1. CBOE Profitability Analysis

1.1 Basic Checks

  • CBOE had positive earnings in the past year.
  • CBOE had a positive operating cash flow in the past year.
  • Each year in the past 5 years CBOE has been profitable.
  • Each year in the past 5 years CBOE had a positive operating cash flow.
CBOE Yearly Net Income VS EBIT VS OCF VS FCFCBOE 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 500M 1B 1.5B

1.2 Ratios

  • CBOE has a better Return On Assets (11.77%) than 87.03% of its industry peers.
  • Looking at the Return On Equity, with a value of 21.31%, CBOE belongs to the top of the industry, outperforming 84.52% of the companies in the same industry.
  • CBOE's Return On Invested Capital of 15.35% is amongst the best of the industry. CBOE outperforms 88.28% of its industry peers.
  • CBOE had an Average Return On Invested Capital over the past 3 years of 13.55%. This is significantly above the industry average of 7.28%.
  • The 3 year average ROIC (13.55%) for CBOE is below the current ROIC(15.35%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 11.77%
ROE 21.31%
ROIC 15.35%
ROA(3y)10.55%
ROA(5y)8.55%
ROE(3y)19.37%
ROE(5y)15.9%
ROIC(3y)13.55%
ROIC(5y)12.65%
CBOE Yearly ROA, ROE, ROICCBOE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

1.3 Margins

  • Looking at the Profit Margin, with a value of 23.22%, CBOE is in the better half of the industry, outperforming 60.67% of the companies in the same industry.
  • In the last couple of years the Profit Margin of CBOE has grown nicely.
  • CBOE's Operating Margin of 32.12% is fine compared to the rest of the industry. CBOE outperforms 61.92% of its industry peers.
  • CBOE's Operating Margin has improved in the last couple of years.
  • The Gross Margin of CBOE (51.53%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of CBOE has grown nicely.
Industry RankSector Rank
OM 32.12%
PM (TTM) 23.22%
GM 51.53%
OM growth 3Y9.42%
OM growth 5Y9.25%
PM growth 3Y57.77%
PM growth 5Y11.25%
GM growth 3Y5.41%
GM growth 5Y7.08%
CBOE Yearly Profit, Operating, Gross MarginsCBOE 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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7

2. CBOE Health Analysis

2.1 Basic Checks

  • CBOE has about the same amout of shares outstanding than it did 1 year ago.
  • CBOE has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for CBOE has been reduced compared to a year ago.
CBOE Yearly Shares OutstandingCBOE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
CBOE Yearly Total Debt VS Total AssetsCBOE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 6.06 indicates that CBOE is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 6.06, CBOE belongs to the top of the industry, outperforming 87.87% of the companies in the same industry.
  • The Debt to FCF ratio of CBOE is 0.86, which is an excellent value as it means it would take CBOE, only 0.86 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of CBOE (0.86) is better than 88.28% of its industry peers.
  • A Debt/Equity ratio of 0.28 indicates that CBOE is not too dependend on debt financing.
  • CBOE has a better Debt to Equity ratio (0.28) than 73.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 0.86
Altman-Z 6.06
ROIC/WACCN/A
WACCN/A
CBOE Yearly LT Debt VS Equity VS FCFCBOE 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 5B

2.3 Liquidity

  • A Current Ratio of 1.87 indicates that CBOE should not have too much problems paying its short term obligations.
  • CBOE's Current ratio of 1.87 is fine compared to the rest of the industry. CBOE outperforms 73.22% of its industry peers.
  • CBOE has a Quick Ratio of 1.87. This is a normal value and indicates that CBOE is financially healthy and should not expect problems in meeting its short term obligations.
  • CBOE has a better Quick ratio (1.87) than 73.64% of its industry peers.
Industry RankSector Rank
Current Ratio 1.87
Quick Ratio 1.87
CBOE Yearly Current Assets VS Current LiabilitesCBOE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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5

3. CBOE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 24.01% over the past year.
  • CBOE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.15% yearly.
  • The Revenue has grown by 15.13% in the past year. This is quite good.
  • CBOE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.59% yearly.
EPS 1Y (TTM)24.01%
EPS 3Y15.49%
EPS 5Y15.15%
EPS Q2Q%45.71%
Revenue 1Y (TTM)15.13%
Revenue growth 3Y6%
Revenue growth 5Y6.59%
Sales Q2Q%27.95%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.83% on average over the next years. This is quite good.
  • Based on estimates for the next years, CBOE will show a small growth in Revenue. The Revenue will grow by 5.32% on average per year.
EPS Next Y12.21%
EPS Next 2Y9.96%
EPS Next 3Y8.63%
EPS Next 5Y9.83%
Revenue Next Year7.3%
Revenue Next 2Y5.98%
Revenue Next 3Y5.4%
Revenue Next 5Y5.32%

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 stable: in the next years the growth will be about the same than in the last years.
CBOE Yearly Revenue VS EstimatesCBOE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B
CBOE Yearly EPS VS EstimatesCBOE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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3

4. CBOE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 25.54 indicates a quite expensive valuation of CBOE.
  • Compared to the rest of the industry, the Price/Earnings ratio of CBOE indicates a slightly more expensive valuation: CBOE is more expensive than 72.38% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, CBOE is valued at the same level.
  • The Price/Forward Earnings ratio is 22.76, which indicates a rather expensive current valuation of CBOE.
  • Based on the Price/Forward Earnings ratio, CBOE is valued a bit more expensive than 64.02% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of CBOE to the average of the S&P500 Index (22.19), we can say CBOE is valued inline with the index average.
Industry RankSector Rank
PE 25.54
Fwd PE 22.76
CBOE Price Earnings VS Forward Price EarningsCBOE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 73.64% of the companies in the same industry are more expensive than CBOE, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, CBOE is valued a bit cheaper than the industry average as 63.60% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 16.99
EV/EBITDA 17.38
CBOE Per share dataCBOE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CBOE does not grow enough to justify the current Price/Earnings ratio.
  • CBOE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.09
PEG (5Y)1.69
EPS Next 2Y9.96%
EPS Next 3Y8.63%

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5

5. CBOE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.01%, CBOE has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 6.73, CBOE is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.90, CBOE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.01%

5.2 History

  • On average, the dividend of CBOE grows each year by 11.65%, which is quite nice.
  • CBOE has been paying a dividend for at least 10 years, so it has a reliable track record.
  • CBOE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)11.65%
Div Incr Years11
Div Non Decr Years11
CBOE Yearly Dividends per shareCBOE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

5.3 Sustainability

  • CBOE pays out 25.97% of its income as dividend. This is a sustainable payout ratio.
  • CBOE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP25.97%
EPS Next 2Y9.96%
EPS Next 3Y8.63%
CBOE Yearly Income VS Free CF VS DividendCBOE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
CBOE Dividend Payout.CBOE Dividend Payout, showing the Payout Ratio.CBOE Dividend Payout.PayoutRetained Earnings

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CBOE Fundamentals: All Metrics, Ratios and Statistics

CBOE GLOBAL MARKETS INC

NYSEARCA:CBOE (3/27/2026, 8:04:35 PM)

After market: 273 0 (0%)

273

-6.79 (-2.43%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-06
Earnings (Next)04-30
Inst Owners89.26%
Inst Owner Change0.5%
Ins Owners0.15%
Ins Owner Change3.14%
Market Cap28.57B
Revenue(TTM)4.71B
Net Income(TTM)1.09B
Analysts67.83
Price Target291.98 (6.95%)
Short Float %3.21%
Short Ratio3.63
Dividend
Industry RankSector Rank
Dividend Yield 1.01%
Yearly Dividend2.72
Dividend Growth(5Y)11.65%
DP25.97%
Div Incr Years11
Div Non Decr Years11
Ex-Date02-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.85%
Min EPS beat(2)2.12%
Max EPS beat(2)3.58%
EPS beat(4)3
Avg EPS beat(4)2.24%
Min EPS beat(4)-0.39%
Max EPS beat(4)3.67%
EPS beat(8)5
Avg EPS beat(8)1.14%
EPS beat(12)6
Avg EPS beat(12)1.22%
EPS beat(16)9
Avg EPS beat(16)1.08%
Revenue beat(2)1
Avg Revenue beat(2)0.26%
Min Revenue beat(2)-0.28%
Max Revenue beat(2)0.79%
Revenue beat(4)1
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-1.05%
Max Revenue beat(4)0.79%
Revenue beat(8)1
Avg Revenue beat(8)-1.14%
Revenue beat(12)1
Avg Revenue beat(12)-1.81%
Revenue beat(16)5
Avg Revenue beat(16)29.73%
PT rev (1m)2.78%
PT rev (3m)10.36%
EPS NQ rev (1m)0.41%
EPS NQ rev (3m)7.96%
EPS NY rev (1m)5.23%
EPS NY rev (3m)7.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)4.05%
Valuation
Industry RankSector Rank
PE 25.54
Fwd PE 22.76
P/S 6.06
P/FCF 16.99
P/OCF 16.3
P/B 5.56
P/tB 44.41
EV/EBITDA 17.38
EPS(TTM)10.69
EY3.92%
EPS(NY)11.99
Fwd EY4.39%
FCF(TTM)16.07
FCFY5.88%
OCF(TTM)16.74
OCFY6.13%
SpS45.04
BVpS49.09
TBVpS6.15
PEG (NY)2.09
PEG (5Y)1.69
Graham Number108.66
Profitability
Industry RankSector Rank
ROA 11.77%
ROE 21.31%
ROCE 21.81%
ROIC 15.35%
ROICexc 22.72%
ROICexgc 544.92%
OM 32.12%
PM (TTM) 23.22%
GM 51.53%
FCFM 35.67%
ROA(3y)10.55%
ROA(5y)8.55%
ROE(3y)19.37%
ROE(5y)15.9%
ROIC(3y)13.55%
ROIC(5y)12.65%
ROICexc(3y)17.28%
ROICexc(5y)15.3%
ROICexgc(3y)248.39%
ROICexgc(5y)257.51%
ROCE(3y)19.24%
ROCE(5y)17.97%
ROICexgc growth 3Y7.88%
ROICexgc growth 5Y17.4%
ROICexc growth 3Y18.46%
ROICexc growth 5Y17.3%
OM growth 3Y9.42%
OM growth 5Y9.25%
PM growth 3Y57.77%
PM growth 5Y11.25%
GM growth 3Y5.41%
GM growth 5Y7.08%
F-Score8
Asset Turnover0.51
Health
Industry RankSector Rank
Debt/Equity 0.28
Debt/FCF 0.86
Debt/EBITDA 0.88
Cap/Depr 58.01%
Cap/Sales 1.51%
Interest Coverage 16.51
Cash Conversion 107.09%
Profit Quality 153.6%
Current Ratio 1.87
Quick Ratio 1.87
Altman-Z 6.06
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)44.09%
Cap/Depr(5y)39.72%
Cap/Sales(3y)1.4%
Cap/Sales(5y)1.43%
Profit Quality(3y)142.09%
Profit Quality(5y)156.47%
High Growth Momentum
Growth
EPS 1Y (TTM)24.01%
EPS 3Y15.49%
EPS 5Y15.15%
EPS Q2Q%45.71%
EPS Next Y12.21%
EPS Next 2Y9.96%
EPS Next 3Y8.63%
EPS Next 5Y9.83%
Revenue 1Y (TTM)15.13%
Revenue growth 3Y6%
Revenue growth 5Y6.59%
Sales Q2Q%27.95%
Revenue Next Year7.3%
Revenue Next 2Y5.98%
Revenue Next 3Y5.4%
Revenue Next 5Y5.32%
EBIT growth 1Y28.24%
EBIT growth 3Y15.98%
EBIT growth 5Y16.44%
EBIT Next Year13.23%
EBIT Next 3Y7.87%
EBIT Next 5Y6.74%
FCF growth 1Y61.74%
FCF growth 3Y41.68%
FCF growth 5Y3.57%
OCF growth 1Y59.24%
OCF growth 3Y39.11%
OCF growth 5Y3.74%

CBOE GLOBAL MARKETS INC / CBOE Fundamental Analysis 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 for 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 9 / 10.


Can you provide the financial health for CBOE stock?

The financial health rating of CBOE GLOBAL MARKETS INC (CBOE) is 7 / 10.


How sustainable is the dividend of CBOE GLOBAL MARKETS INC (CBOE) stock?

The dividend rating of CBOE GLOBAL MARKETS INC (CBOE) is 5 / 10 and the dividend payout ratio is 25.97%.