254.76 USD
+2.93 (+1.16%)
254.76 USD
0 (0%)
Taking everything into account, CBOE scores 6 out of 10 in our fundamental rating. CBOE was compared to 238 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 valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make CBOE suitable 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.
CBOE had positive earnings in each of the past 5 years.
Each year in the past 5 years CBOE had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 10.79%, CBOE belongs to the best of the industry, outperforming 90.76% of the companies in the same industry.
Looking at the Return On Equity, with a value of 20.02%, CBOE belongs to the top of the industry, outperforming 88.24% of the companies in the same industry.
CBOE has a better Return On Invested Capital (14.39%) than 90.34% of its industry peers.
CBOE had an Average Return On Invested Capital over the past 3 years of 12.77%. This is significantly above the industry average of 7.00%.
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 (21.18%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of CBOE has grown nicely.
CBOE has a Operating Margin of 29.97%. This is comparable to the rest of the industry: CBOE outperforms 58.40% of its industry peers.
CBOE's Operating Margin has improved in the last couple of years.
The Gross Margin of CBOE (49.43%) is comparable to the rest of the industry.
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.
CBOE has less shares outstanding than it did 5 years ago.
CBOE has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 5.52 indicates that CBOE is not in any danger for bankruptcy at the moment.
CBOE's Altman-Z score of 5.52 is amongst the best of the industry. CBOE outperforms 87.39% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 2.34, CBOE belongs to the top of the industry, outperforming 84.03% of the companies in the same industry.
CBOE has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
CBOE has a Debt to Equity ratio of 0.30. This is in the better half of the industry: CBOE outperforms 72.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.34 | ||
| Altman-Z | 5.52 |
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.
With a decent Current ratio value of 1.72, CBOE is doing good in the industry, outperforming 71.01% of the companies in the same industry.
A Quick Ratio of 1.72 indicates that CBOE should not have too much problems paying its short term obligations.
CBOE's Quick ratio of 1.72 is fine compared to the rest of the industry. CBOE outperforms 71.01% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
CBOE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.40%, which is quite good.
The Earnings Per Share has been growing by 12.71% on average over the past years. This is quite good.
CBOE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.74%.
CBOE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.40% yearly.
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
Based on estimates for the next years, CBOE will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.72% on average per year.
The Revenue is expected to grow by 6.76% on average over the next years.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 26.18, CBOE can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CBOE indicates a slightly more expensive valuation: CBOE is more expensive than 65.55% of the companies listed in the same industry.
CBOE's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.50.
With a Price/Forward Earnings ratio of 22.81, CBOE is valued on the expensive side.
Based on the Price/Forward Earnings ratio, CBOE is valued a bit more expensive than 60.50% of the companies in the same industry.
CBOE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.93, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.18 | ||
| Fwd PE | 22.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBOE is valued a bit cheaper than the industry average as 76.05% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CBOE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.33 | ||
| EV/EBITDA | 17.4 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CBOE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.18
PEG (5Y)2.06
EPS Next 2Y13.84%
EPS Next 3Y11.31%
5. Dividend
5.1 Amount
CBOE has a Yearly Dividend Yield of 1.16%.
Compared to an average industry Dividend Yield of 6.43, CBOE is paying slightly less dividend.
CBOE's Dividend Yield is slightly below the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.94%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
CBOE pays out 28.10% of its income as dividend. This is a sustainable payout ratio.
The dividend of CBOE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.1%
EPS Next 2Y13.84%
EPS Next 3Y11.31%
254.76
+2.93 (+1.16%)
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 Change0.37%
Market Cap26.66B
Revenue(TTM)4.62B
Net Income(TTM)978.20M
Analysts55.45
Price Target264.57 (3.85%)
Short Float %2.48%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
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)1.79%
EPS NQ rev (3m)14.55%
EPS NY rev (1m)3.92%
EPS NY rev (3m)6.64%
Revenue NQ rev (1m)0.4%
Revenue NQ rev (3m)5.41%
Revenue NY rev (1m)-4.25%
Revenue NY rev (3m)2.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.18 | ||
| Fwd PE | 22.81 | ||
| P/S | 5.77 | ||
| P/FCF | 43.33 | ||
| P/OCF | 38.63 | ||
| P/B | 5.46 | ||
| P/tB | 75.6 | ||
| EV/EBITDA | 17.4 |
EPS(TTM)9.73
EY3.82%
EPS(NY)11.17
Fwd EY4.38%
FCF(TTM)5.88
FCFY2.31%
OCF(TTM)6.59
OCFY2.59%
SpS44.13
BVpS46.68
TBVpS3.37
PEG (NY)1.18
PEG (5Y)2.06
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 | 5.52 |
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 26.18 and the Price/Book (PB) ratio is 5.46.
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.