CBOE GLOBAL MARKETS INC (CBOE) Stock Fundamental Analysis
USA - NYSEARCA:CBOE - US12503M1080 - Common Stock
255.32 USD
+1.03 (+0.41%)
255.32 USD
0 (0%)
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. CBOE is quite expensive at the moment. It does show a decent growth rate. With these ratings, CBOE could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year CBOE was profitable.
In the past year CBOE had a positive cash flow from operations.
In the past 5 years CBOE has always been profitable.
CBOE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 10.79%, CBOE belongs to the top of the industry, outperforming 90.72% of the companies in the same industry.
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.
The Return On Invested Capital of CBOE (14.39%) is better than 90.30% 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 7.11%.
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's Profit Margin of 21.18% is in line compared to the rest of the industry. CBOE outperforms 58.65% of its industry peers.
CBOE's Profit Margin has improved in the last couple of years.
The Operating Margin of CBOE (29.97%) is comparable to the rest of the industry.
CBOE's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 49.43%, CBOE perfoms like the industry average, outperforming 59.92% of the companies in the same industry.
In the last couple of years the Gross Margin of CBOE has grown nicely.
| 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.
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
An Altman-Z score of 5.56 indicates that CBOE is not in any danger for bankruptcy at the moment.
CBOE's Altman-Z score of 5.56 is amongst the best of the industry. CBOE outperforms 87.76% 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.
CBOE has a better Debt to FCF ratio (2.34) than 84.81% 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.
CBOE's Debt to Equity ratio of 0.30 is fine compared to the rest of the industry. CBOE outperforms 72.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 2.34 | ||
| Altman-Z | 5.56 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
CBOE has a Current 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 Current ratio of 1.72 is fine compared to the rest of the industry. CBOE outperforms 69.20% of its industry peers.
A Quick Ratio of 1.72 indicates that CBOE should not have too much problems paying its short term obligations.
CBOE has a better Quick ratio (1.72) than 69.62% 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.
CBOE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.71% yearly.
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.
The Revenue is expected to grow by 6.76% on average over the next years.
EPS Next Y17.66%
EPS Next 2Y11.56%
EPS Next 3Y9.97%
EPS Next 5Y9.72%
Revenue Next Year19.05%
Revenue Next 2Y8.29%
Revenue Next 3Y6.97%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 26.24 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 69.20% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.07, CBOE is valued at the same level.
CBOE is valuated rather expensively with a Price/Forward Earnings ratio of 23.80.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CBOE indicates a slightly more expensive valuation: CBOE is more expensive than 64.56% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of CBOE to the average of the S&P500 Index (34.08), we can say CBOE is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.24 | ||
| Fwd PE | 23.8 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CBOE is valued a bit cheaper than the industry average as 74.26% 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 | 43.4 | ||
| EV/EBITDA | 17.57 |
4.3 Compensation for Growth
CBOE's 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)1.49
PEG (5Y)2.07
EPS Next 2Y11.56%
EPS Next 3Y9.97%
5. Dividend
5.1 Amount
CBOE has a Yearly Dividend Yield of 1.11%.
Compared to an average industry Dividend Yield of 8.50, CBOE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.44, CBOE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
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
28.10% of the earnings are spent on dividend by CBOE. This is a low number and 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 2Y11.56%
EPS Next 3Y9.97%
255.32
+1.03 (+0.41%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners91.05%
Inst Owner Change-2.57%
Ins Owners0.18%
Ins Owner Change-0.61%
Market Cap26.70B
Revenue(TTM)4.62B
Net Income(TTM)978.20M
Analysts67.2
Price Target254.59 (-0.29%)
Short Float %2.63%
Short Ratio3.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.11% |
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)0.47%
PT rev (3m)2.45%
EPS NQ rev (1m)2.91%
EPS NQ rev (3m)4.49%
EPS NY rev (1m)2.29%
EPS NY rev (3m)6.83%
Revenue NQ rev (1m)1.88%
Revenue NQ rev (3m)2.71%
Revenue NY rev (1m)7.15%
Revenue NY rev (3m)8.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.24 | ||
| Fwd PE | 23.8 | ||
| P/S | 5.78 | ||
| P/FCF | 43.4 | ||
| P/OCF | 38.7 | ||
| P/B | 5.47 | ||
| P/tB | 75.73 | ||
| EV/EBITDA | 17.57 |
EPS(TTM)9.73
EY3.81%
EPS(NY)10.73
Fwd EY4.2%
FCF(TTM)5.88
FCFY2.3%
OCF(TTM)6.6
OCFY2.58%
SpS44.15
BVpS46.71
TBVpS3.37
PEG (NY)1.49
PEG (5Y)2.07
Graham Number101.12
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 | 5.56 |
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 Y17.66%
EPS Next 2Y11.56%
EPS Next 3Y9.97%
EPS Next 5Y9.72%
Revenue 1Y (TTM)16.74%
Revenue growth 3Y5.42%
Revenue growth 5Y10.4%
Sales Q2Q%13.82%
Revenue Next Year19.05%
Revenue Next 2Y8.29%
Revenue Next 3Y6.97%
Revenue Next 5Y6.76%
EBIT growth 1Y17.72%
EBIT growth 3Y12.85%
EBIT growth 5Y15.05%
EBIT Next Year19.33%
EBIT Next 3Y9.76%
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 26.24 and the Price/Book (PB) ratio is 5.47.
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.