168.77 USD
-2.91 (-1.7%)
168.77 USD
0 (0%)
MKTX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 235 industry peers in the Capital Markets industry. Both the health and profitability get an excellent rating, making MKTX a very profitable company, without any liquidiy or solvency issues. While showing a medium growth rate, MKTX is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year MKTX was profitable.
In the past year MKTX had a positive cash flow from operations.
Each year in the past 5 years MKTX has been profitable.
In the past 5 years MKTX always reported a positive cash flow from operatings.
1.2 Ratios
MKTX has a Return On Assets of 10.90%. This is amongst the best in the industry. MKTX outperforms 91.06% of its industry peers.
MKTX has a Return On Equity of 15.93%. This is amongst the best in the industry. MKTX outperforms 80.43% of its industry peers.
Looking at the Return On Invested Capital, with a value of 19.04%, MKTX belongs to the top of the industry, outperforming 96.17% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MKTX is significantly above the industry average of 7.14%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROIC | 19.04% |
ROA(3y)14.56%
ROA(5y)16.61%
ROE(3y)20.95%
ROE(5y)23.79%
ROIC(3y)20.18%
ROIC(5y)23.06%
1.3 Margins
Looking at the Profit Margin, with a value of 26.16%, MKTX is in the better half of the industry, outperforming 68.51% of the companies in the same industry.
In the last couple of years the Profit Margin of MKTX has declined.
MKTX's Operating Margin of 41.20% is fine compared to the rest of the industry. MKTX outperforms 74.04% of its industry peers.
In the last couple of years the Operating Margin of MKTX has declined.
The Gross Margin of MKTX (88.94%) is better than 93.62% of its industry peers.
In the last couple of years the Gross Margin of MKTX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% |
OM growth 3Y-4.74%
OM growth 5Y-3.2%
PM growth 3Y-3.1%
PM growth 5Y-3.48%
GM growth 3Y-1.77%
GM growth 5Y-1.24%
2. Health
2.1 Basic Checks
MKTX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, MKTX has less shares outstanding
MKTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
MKTX has an Altman-Z score of 8.43. This indicates that MKTX is financially healthy and has little risk of bankruptcy at the moment.
MKTX has a better Altman-Z score (8.43) than 93.19% of its industry peers.
MKTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.43 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 2.07 indicates that MKTX has no problem at all paying its short term obligations.
MKTX has a better Current ratio (2.07) than 73.19% of its industry peers.
A Quick Ratio of 2.07 indicates that MKTX has no problem at all paying its short term obligations.
The Quick ratio of MKTX (2.07) is better than 73.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 |
3. Growth
3.1 Past
The earnings per share for MKTX have decreased by -2.49% in the last year.
The Earnings Per Share has been growing slightly by 6.13% on average over the past years.
MKTX shows a small growth in Revenue. In the last year, the Revenue has grown by 3.37%.
Measured over the past years, MKTX shows a quite strong growth in Revenue. The Revenue has been growing by 9.82% on average per year.
EPS 1Y (TTM)-2.49%
EPS 3Y2.4%
EPS 5Y6.13%
EPS Q2Q%-3.16%
Revenue 1Y (TTM)3.37%
Revenue growth 3Y5.33%
Revenue growth 5Y9.82%
Sales Q2Q%1.02%
3.2 Future
MKTX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.50% yearly.
Based on estimates for the next years, MKTX will show a small growth in Revenue. The Revenue will grow by 6.90% on average per year.
EPS Next Y0.31%
EPS Next 2Y7.37%
EPS Next 3Y9.2%
EPS Next 5Y10.5%
Revenue Next Year4.03%
Revenue Next 2Y6.05%
Revenue Next 3Y6.96%
Revenue Next 5Y6.9%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 22.68 indicates a rather expensive valuation of MKTX.
Based on the Price/Earnings ratio, MKTX is valued a bit more expensive than 60.00% of the companies in the same industry.
MKTX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.19, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.14, which indicates a rather expensive current valuation of MKTX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MKTX is on the same level as its industry peers.
MKTX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.68 | ||
| Fwd PE | 20.14 |
4.2 Price Multiples
MKTX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MKTX is cheaper than 80.85% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MKTX is valued a bit cheaper than 61.70% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.13 | ||
| EV/EBITDA | 14.19 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MKTX does not grow enough to justify the current Price/Earnings ratio.
MKTX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)73.46
PEG (5Y)3.7
EPS Next 2Y7.37%
EPS Next 3Y9.2%
5. Dividend
5.1 Amount
MKTX has a Yearly Dividend Yield of 1.68%. Purely for dividend investing, there may be better candidates out there.
MKTX's Dividend Yield is slightly below the industry average, which is at 6.39.
MKTX's Dividend Yield is comparable with the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
5.2 History
The dividend of MKTX is nicely growing with an annual growth rate of 8.13%!
MKTX has paid a dividend for at least 10 years, which is a reliable track record.
MKTX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.13%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
52.32% of the earnings are spent on dividend by MKTX. This is a bit on the high side, but may be sustainable.
MKTX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP52.32%
EPS Next 2Y7.37%
EPS Next 3Y9.2%
168.77
-2.91 (-1.7%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners99.88%
Inst Owner Change0%
Ins Owners0.73%
Ins Owner Change3.1%
Market Cap6.27B
Revenue(TTM)839.26M
Net Income(TTM)219.53M
Analysts74
Price Target203.8 (20.76%)
Short Float %7.59%
Short Ratio4.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.68% |
Yearly Dividend2.98
Dividend Growth(5Y)8.13%
DP52.32%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.15%
Min EPS beat(2)0.15%
Max EPS beat(2)6.14%
EPS beat(4)4
Avg EPS beat(4)2.18%
Min EPS beat(4)0.15%
Max EPS beat(4)6.14%
EPS beat(8)8
Avg EPS beat(8)3.67%
EPS beat(12)9
Avg EPS beat(12)2.17%
EPS beat(16)11
Avg EPS beat(16)1.63%
Revenue beat(2)0
Avg Revenue beat(2)-2.12%
Min Revenue beat(2)-2.19%
Max Revenue beat(2)-2.05%
Revenue beat(4)0
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-3.23%
Max Revenue beat(4)-2.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.4%
Revenue beat(12)0
Avg Revenue beat(12)-2.29%
Revenue beat(16)0
Avg Revenue beat(16)-2.27%
PT rev (1m)-1.9%
PT rev (3m)-8.56%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)-4.01%
EPS NY rev (1m)-3.95%
EPS NY rev (3m)-4.64%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-0.33%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.68 | ||
| Fwd PE | 20.14 | ||
| P/S | 7.47 | ||
| P/FCF | 18.13 | ||
| P/OCF | 15.69 | ||
| P/B | 4.55 | ||
| P/tB | 6.41 | ||
| EV/EBITDA | 14.19 |
EPS(TTM)7.44
EY4.41%
EPS(NY)8.38
Fwd EY4.97%
FCF(TTM)9.31
FCFY5.52%
OCF(TTM)10.75
OCFY6.37%
SpS22.58
BVpS37.09
TBVpS26.34
PEG (NY)73.46
PEG (5Y)3.7
Graham Number78.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROCE | 24.79% | ||
| ROIC | 19.04% | ||
| ROICexc | 28.81% | ||
| ROICexgc | 50.86% | ||
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% | ||
| FCFM | 41.23% |
ROA(3y)14.56%
ROA(5y)16.61%
ROE(3y)20.95%
ROE(5y)23.79%
ROIC(3y)20.18%
ROIC(5y)23.06%
ROICexc(3y)32.58%
ROICexc(5y)40.71%
ROICexgc(3y)54.23%
ROICexgc(5y)74.41%
ROCE(3y)26.28%
ROCE(5y)30.03%
ROICexgc growth 3Y-19.3%
ROICexgc growth 5Y-4.85%
ROICexc growth 3Y-13.78%
ROICexc growth 5Y-4.25%
OM growth 3Y-4.74%
OM growth 5Y-3.2%
PM growth 3Y-3.1%
PM growth 5Y-3.48%
GM growth 3Y-1.77%
GM growth 5Y-1.24%
F-Score5
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 76.08% | ||
| Cap/Sales | 6.4% | ||
| Interest Coverage | 402.56 | ||
| Cash Conversion | 96% | ||
| Profit Quality | 157.63% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 | ||
| Altman-Z | 8.43 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)78.49%
Cap/Depr(5y)91.38%
Cap/Sales(3y)7.04%
Cap/Sales(5y)7%
Profit Quality(3y)107.91%
Profit Quality(5y)106.67%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.49%
EPS 3Y2.4%
EPS 5Y6.13%
EPS Q2Q%-3.16%
EPS Next Y0.31%
EPS Next 2Y7.37%
EPS Next 3Y9.2%
EPS Next 5Y10.5%
Revenue 1Y (TTM)3.37%
Revenue growth 3Y5.33%
Revenue growth 5Y9.82%
Sales Q2Q%1.02%
Revenue Next Year4.03%
Revenue Next 2Y6.05%
Revenue Next 3Y6.96%
Revenue Next 5Y6.9%
EBIT growth 1Y2.33%
EBIT growth 3Y0.33%
EBIT growth 5Y6.3%
EBIT Next Year25.02%
EBIT Next 3Y14.31%
EBIT Next 5Y11.43%
FCF growth 1Y28.59%
FCF growth 3Y12.39%
FCF growth 5Y7.29%
OCF growth 1Y22.51%
OCF growth 3Y10.95%
OCF growth 5Y7.7%
MARKETAXESS HOLDINGS INC / MKTX FAQ
What is the ChartMill fundamental rating of MARKETAXESS HOLDINGS INC (MKTX) stock?
ChartMill assigns a fundamental rating of 6 / 10 to MKTX.
What is the valuation status of MARKETAXESS HOLDINGS INC (MKTX) stock?
ChartMill assigns a valuation rating of 3 / 10 to MARKETAXESS HOLDINGS INC (MKTX). This can be considered as Overvalued.
What is the profitability of MKTX stock?
MARKETAXESS HOLDINGS INC (MKTX) has a profitability rating of 7 / 10.
Can you provide the financial health for MKTX stock?
The financial health rating of MARKETAXESS HOLDINGS INC (MKTX) is 9 / 10.
Can you provide the expected EPS growth for MKTX stock?
The Earnings per Share (EPS) of MARKETAXESS HOLDINGS INC (MKTX) is expected to grow by 0.31% in the next year.