163.89 USD
-0.31 (-0.19%)
163.89 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to MKTX. MKTX was compared to 237 industry peers in the Capital Markets industry. MKTX has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. MKTX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MKTX had positive earnings in the past year.
MKTX had a positive operating cash flow in the past year.
MKTX had positive earnings in each of the past 5 years.
MKTX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MKTX's Return On Assets of 10.90% is amongst the best of the industry. MKTX outperforms 91.98% of its industry peers.
MKTX's Return On Equity of 15.93% is amongst the best of the industry. MKTX outperforms 80.59% of its industry peers.
MKTX's Return On Invested Capital of 19.04% is amongst the best of the industry. MKTX outperforms 96.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MKTX is significantly above the industry average of 6.96%.
| 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
The Profit Margin of MKTX (26.16%) is better than 67.09% of its industry peers.
MKTX's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 41.20%, MKTX is in the better half of the industry, outperforming 74.68% of the companies in the same industry.
MKTX's Operating Margin has declined in the last couple of years.
MKTX has a better Gross Margin (88.94%) than 93.25% 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
An Altman-Z score of 8.17 indicates that MKTX is not in any danger for bankruptcy at the moment.
MKTX's Altman-Z score of 8.17 is amongst the best of the industry. MKTX outperforms 91.56% of its industry peers.
There is no outstanding debt for MKTX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.17 |
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.
Looking at the Current ratio, with a value of 2.07, MKTX is in the better half of the industry, outperforming 73.42% of the companies in the same industry.
MKTX has a Quick Ratio of 2.07. This indicates that MKTX is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of MKTX (2.07) is better than 73.84% 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
Based on estimates for the next years, MKTX will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.50% on average per year.
MKTX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.90% yearly.
EPS Next Y3.63%
EPS Next 2Y7.24%
EPS Next 3Y9.48%
EPS Next 5Y10.5%
Revenue Next Year4.05%
Revenue Next 2Y6.35%
Revenue Next 3Y7.41%
Revenue Next 5Y6.9%
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 accelerating.
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
The Price/Earnings ratio is 22.03, which indicates a rather expensive current valuation of MKTX.
Based on the Price/Earnings ratio, MKTX is valued a bit more expensive than 60.76% of the companies in the same industry.
When comparing the Price/Earnings ratio of MKTX to the average of the S&P500 Index (26.31), we can say MKTX is valued inline with the index average.
MKTX is valuated rather expensively with a Price/Forward Earnings ratio of 19.60.
The rest of the industry has a similar Price/Forward Earnings ratio as MKTX.
When comparing the Price/Forward Earnings ratio of MKTX to the average of the S&P500 Index (36.59), we can say MKTX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.03 | ||
| Fwd PE | 19.6 |
4.2 Price Multiples
81.43% of the companies in the same industry are more expensive than MKTX, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as MKTX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.6 | ||
| EV/EBITDA | 13.52 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of MKTX may justify a higher PE ratio.
PEG (NY)6.06
PEG (5Y)3.59
EPS Next 2Y7.24%
EPS Next 3Y9.48%
5. Dividend
5.1 Amount
MKTX has a Yearly Dividend Yield of 1.88%. Purely for dividend investing, there may be better candidates out there.
MKTX's Dividend Yield is comparable with the industry average which is at 8.60.
MKTX's Dividend Yield is slightly below the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
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
MKTX pays out 52.32% of its income as dividend. 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 2Y7.24%
EPS Next 3Y9.48%
163.89
-0.31 (-0.19%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners101.33%
Inst Owner Change-2.21%
Ins Owners0.66%
Ins Owner Change3.01%
Market Cap6.09B
Revenue(TTM)839.26M
Net Income(TTM)219.53M
Analysts76.19
Price Target207.75 (26.76%)
Short Float %4.83%
Short Ratio1.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.88% |
Yearly Dividend2.98
Dividend Growth(5Y)8.13%
DP52.32%
Div Incr Years11
Div Non Decr Years11
Ex-Date
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)-6.78%
PT rev (3m)-14.33%
EPS NQ rev (1m)-1.83%
EPS NQ rev (3m)-6.23%
EPS NY rev (1m)0.08%
EPS NY rev (3m)-0.22%
Revenue NQ rev (1m)0.47%
Revenue NQ rev (3m)-0.82%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.03 | ||
| Fwd PE | 19.6 | ||
| P/S | 7.26 | ||
| P/FCF | 17.6 | ||
| P/OCF | 15.24 | ||
| P/B | 4.42 | ||
| P/tB | 6.22 | ||
| EV/EBITDA | 13.52 |
EPS(TTM)7.44
EY4.54%
EPS(NY)8.36
Fwd EY5.1%
FCF(TTM)9.31
FCFY5.68%
OCF(TTM)10.75
OCFY6.56%
SpS22.58
BVpS37.09
TBVpS26.34
PEG (NY)6.06
PEG (5Y)3.59
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 | 8.17 |
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 Y3.63%
EPS Next 2Y7.24%
EPS Next 3Y9.48%
EPS Next 5Y10.5%
Revenue 1Y (TTM)3.37%
Revenue growth 3Y5.33%
Revenue growth 5Y9.82%
Sales Q2Q%1.02%
Revenue Next Year4.05%
Revenue Next 2Y6.35%
Revenue Next 3Y7.41%
Revenue Next 5Y6.9%
EBIT growth 1Y2.33%
EBIT growth 3Y0.33%
EBIT growth 5Y6.3%
EBIT Next Year25.77%
EBIT Next 3Y15.72%
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
Can you provide the ChartMill fundamental rating for MARKETAXESS HOLDINGS INC?
ChartMill assigns a fundamental rating of 6 / 10 to MKTX.
Can you provide the valuation status for MARKETAXESS HOLDINGS INC?
ChartMill assigns a valuation rating of 3 / 10 to MARKETAXESS HOLDINGS INC (MKTX). This can be considered as Overvalued.
How profitable is MARKETAXESS HOLDINGS INC (MKTX) stock?
MARKETAXESS HOLDINGS INC (MKTX) has a profitability rating of 7 / 10.
How financially healthy is MARKETAXESS HOLDINGS INC?
The financial health rating of MARKETAXESS HOLDINGS INC (MKTX) is 9 / 10.
What is the earnings growth outlook for MARKETAXESS HOLDINGS INC?
The Earnings per Share (EPS) of MARKETAXESS HOLDINGS INC (MKTX) is expected to grow by 3.63% in the next year.