CBOE GLOBAL MARKETS INC (CBOE) Stock Fundamental Analysis
NYSEARCA:CBOE - NYSE Arca - US12503M1080 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to CBOE. CBOE was compared to 237 industry peers in the Capital Markets industry. CBOE gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, CBOE is valued expensive at the moment. With these ratings, CBOE could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
CBOE had positive earnings in the past year.
In the past year CBOE had a positive cash flow from operations.
CBOE had positive earnings in each of the past 5 years.
In the past 5 years CBOE always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of CBOE (9.25%) is better than 87.76% of its industry peers.
CBOE has a Return On Equity of 18.02%. This is amongst the best in the industry. CBOE outperforms 84.81% of its industry peers.
The Return On Invested Capital of CBOE (13.65%) is better than 87.34% of its industry peers.
CBOE had an Average Return On Invested Capital over the past 3 years of 12.77%. This is above the industry average of 7.89%.
The 3 year average ROIC (12.77%) for CBOE is below the current ROIC(13.65%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.25% | ||
| ROE | 18.02% | ||
| ROIC | 13.65% |
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
Looking at the Profit Margin, with a value of 18.51%, CBOE is in line with its industry, outperforming 56.96% of the companies in the same industry.
CBOE's Profit Margin has improved in the last couple of years.
CBOE has a Operating Margin of 28.89%. This is comparable to the rest of the industry: CBOE outperforms 52.32% of its industry peers.
In the last couple of years the Operating Margin of CBOE has grown nicely.
With a Gross Margin value of 49.29%, CBOE perfoms like the industry average, outperforming 54.85% of the companies in the same industry.
CBOE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.89% | ||
| PM (TTM) | 18.51% | ||
| GM | 49.29% |
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
Compared to 1 year ago, CBOE has less shares outstanding
The number of shares outstanding for CBOE has been reduced compared to 5 years ago.
CBOE has a better debt/assets ratio than last year.
2.2 Solvency
CBOE has an Altman-Z score of 5.38. This indicates that CBOE is financially healthy and has little risk of bankruptcy at the moment.
CBOE has a better Altman-Z score (5.38) than 85.65% of its industry peers.
The Debt to FCF ratio of CBOE is 1.37, which is an excellent value as it means it would take CBOE, only 1.37 years of fcf income to pay off all of its debts.
CBOE has a Debt to FCF ratio of 1.37. This is amongst the best in the industry. CBOE outperforms 86.50% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that CBOE is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.32, CBOE is doing good in the industry, outperforming 74.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 1.37 | ||
| Altman-Z | 5.38 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.60 indicates that CBOE should not have too much problems paying its short term obligations.
CBOE has a better Current ratio (1.60) than 65.40% of its industry peers.
A Quick Ratio of 1.60 indicates that CBOE should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.60, CBOE is doing good in the industry, outperforming 65.40% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.21% 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 8.51% in the last year.
The Revenue has been growing by 10.40% on average over the past years. This is quite good.
EPS 1Y (TTM)10.21%
EPS 3Y12.46%
EPS 5Y12.71%
EPS Q2Q%14.42%
Revenue 1Y (TTM)8.51%
Revenue growth 3Y5.42%
Revenue growth 5Y10.4%
Sales Q2Q%14.31%
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 8.49% on average per year.
Based on estimates for the next years, CBOE will show a small growth in Revenue. The Revenue will grow by 5.02% on average per year.
EPS Next Y10.14%
EPS Next 2Y8.1%
EPS Next 3Y8.06%
EPS Next 5Y8.49%
Revenue Next Year9.65%
Revenue Next 2Y7.12%
Revenue Next 3Y6.25%
Revenue Next 5Y5.02%
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
CBOE is valuated quite expensively with a Price/Earnings ratio of 26.55.
Based on the Price/Earnings ratio, CBOE is valued a bit more expensive than the industry average as 66.67% of the companies are valued more cheaply.
CBOE's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.24.
Based on the Price/Forward Earnings ratio of 24.46, the valuation of CBOE can be described as rather expensive.
Based on the Price/Forward Earnings ratio, CBOE is valued a bit more expensive than the industry average as 63.29% of the companies are valued more cheaply.
CBOE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.55 | ||
| Fwd PE | 24.46 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CBOE indicates a somewhat cheap valuation: CBOE is cheaper than 75.11% of the companies listed in the same industry.
CBOE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.58 | ||
| EV/EBITDA | 19.2 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CBOE has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.62
PEG (5Y)2.09
EPS Next 2Y8.1%
EPS Next 3Y8.06%
5. Dividend
5.1 Amount
CBOE has a Yearly Dividend Yield of 1.28%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 8.25, CBOE is paying slightly less dividend.
With a Dividend Yield of 1.28, CBOE pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
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
CBOE pays out 32.08% 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.
DP32.08%
EPS Next 2Y8.1%
EPS Next 3Y8.06%
NYSEARCA:CBOE (8/5/2025, 10:01:09 AM)
246.35
-4.52 (-1.8%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners90.27%
Inst Owner Change-2.26%
Ins Owners0.18%
Ins Owner Change1.2%
Market Cap25.80B
Analysts69.6
Price Target240.72 (-2.29%)
Short Float %2.97%
Short Ratio4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
Yearly Dividend2.37
Dividend Growth(5Y)11.94%
DP32.08%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.61%
Min EPS beat(2)-2.44%
Max EPS beat(2)3.67%
EPS beat(4)2
Avg EPS beat(4)0.16%
Min EPS beat(4)-2.44%
Max EPS beat(4)3.67%
EPS beat(8)4
Avg EPS beat(8)1.23%
EPS beat(12)6
Avg EPS beat(12)0.9%
EPS beat(16)8
Avg EPS beat(16)1.23%
Revenue beat(2)0
Avg Revenue beat(2)-1.63%
Min Revenue beat(2)-2.22%
Max Revenue beat(2)-1.05%
Revenue beat(4)0
Avg Revenue beat(4)-1.77%
Min Revenue beat(4)-2.22%
Max Revenue beat(4)-1.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.28%
Revenue beat(12)3
Avg Revenue beat(12)28.7%
Revenue beat(16)7
Avg Revenue beat(16)52.42%
PT rev (1m)3.48%
PT rev (3m)5.46%
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)7.21%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.48%
Revenue NQ rev (3m)5.91%
Revenue NY rev (1m)0.87%
Revenue NY rev (3m)2.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.55 | ||
| Fwd PE | 24.46 | ||
| P/S | 5.95 | ||
| P/FCF | 24.58 | ||
| P/OCF | 23.07 | ||
| P/B | 5.79 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.2 |
EPS(TTM)9.28
EY3.77%
EPS(NY)10.07
Fwd EY4.09%
FCF(TTM)10.02
FCFY4.07%
OCF(TTM)10.68
OCFY4.33%
SpS41.37
BVpS42.52
TBVpS-0.93
PEG (NY)2.62
PEG (5Y)2.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.25% | ||
| ROE | 18.02% | ||
| ROCE | 19.06% | ||
| ROIC | 13.65% | ||
| ROICexc | 16.54% | ||
| ROICexgc | 102.87% | ||
| OM | 28.89% | ||
| PM (TTM) | 18.51% | ||
| GM | 49.29% | ||
| FCFM | 24.23% |
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)13.03%
ROICexgc(3y)215.33%
ROICexgc(5y)200.97%
ROCE(3y)17.83%
ROCE(5y)16.33%
ROICexcg growth 3Y-2.02%
ROICexcg growth 5Y-10.65%
ROICexc growth 3Y12.17%
ROICexc growth 5Y11.24%
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 Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 1.37 | ||
| Debt/EBITDA | 1.05 | ||
| Cap/Depr | 54.21% | ||
| Cap/Sales | 1.58% | ||
| Interest Coverage | 11.44 | ||
| Cash Conversion | 81.14% | ||
| Profit Quality | 130.86% | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 | ||
| Altman-Z | 5.38 |
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)10.21%
EPS 3Y12.46%
EPS 5Y12.71%
EPS Q2Q%14.42%
EPS Next Y10.14%
EPS Next 2Y8.1%
EPS Next 3Y8.06%
EPS Next 5Y8.49%
Revenue 1Y (TTM)8.51%
Revenue growth 3Y5.42%
Revenue growth 5Y10.4%
Sales Q2Q%14.31%
Revenue Next Year9.65%
Revenue Next 2Y7.12%
Revenue Next 3Y6.25%
Revenue Next 5Y5.02%
EBIT growth 1Y14.42%
EBIT growth 3Y12.85%
EBIT growth 5Y15.05%
EBIT Next Year18.08%
EBIT Next 3Y9.17%
EBIT Next 5Y6.67%
FCF growth 1Y190.99%
FCF growth 3Y23.96%
FCF growth 5Y11.71%
OCF growth 1Y164.84%
OCF growth 3Y22.63%
OCF growth 5Y11.71%