TMX GROUP LTD (X.CA) Stock Fundamental Analysis
Canada - TSX:X - CA87262K1057 - Common Stock
50.37 CAD
-0.69 (-1.35%)
Taking everything into account, X scores 5 out of 10 in our fundamental rating. X was compared to 81 industry peers in the Capital Markets industry. X has an average financial health and profitability rating. X is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
X had positive earnings in the past year.
X had a positive operating cash flow in the past year.
Each year in the past 5 years X has been profitable.
In the past 5 years X always reported a positive cash flow from operatings.
1.2 Ratios
X's Return On Assets of 0.88% is in line compared to the rest of the industry. X outperforms 59.26% of its industry peers.
The Return On Equity of X (9.10%) is better than 64.20% of its industry peers.
The Return On Invested Capital of X (7.28%) is better than 75.31% of its industry peers.
X had an Average Return On Invested Capital over the past 3 years of 6.82%. This is below the industry average of 10.17%.
The 3 year average ROIC (6.82%) for X is below the current ROIC(7.28%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 9.1% | ||
| ROIC | 7.28% |
ROA(3y)0.91%
ROA(5y)0.81%
ROE(3y)10.93%
ROE(5y)9.94%
ROIC(3y)6.82%
ROIC(5y)6.67%
1.3 Margins
X has a better Profit Margin (14.52%) than 64.20% of its industry peers.
X's Profit Margin has declined in the last couple of years.
The Operating Margin of X (24.44%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of X has declined.
The Gross Margin of X (54.65%) is better than 70.37% of its industry peers.
In the last couple of years the Gross Margin of X has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.44% | ||
| PM (TTM) | 14.52% | ||
| GM | 54.65% |
OM growth 3Y-23.88%
OM growth 5Y-8.28%
PM growth 3Y-20.89%
PM growth 5Y-5.37%
GM growth 3Y-19.68%
GM growth 5Y-6.72%
2. Health
2.1 Basic Checks
The number of shares outstanding for X has been increased compared to 1 year ago.
X has less shares outstanding than it did 5 years ago.
X has a worse debt/assets ratio than last year.
2.2 Solvency
X has an Altman-Z score of 0.35. This is a bad value and indicates that X is not financially healthy and even has some risk of bankruptcy.
X has a Altman-Z score (0.35) which is comparable to the rest of the industry.
X has a debt to FCF ratio of 3.23. This is a good value and a sign of high solvency as X would need 3.23 years to pay back of all of its debts.
X has a better Debt to FCF ratio (3.23) than 75.31% of its industry peers.
A Debt/Equity ratio of 0.35 indicates that X is not too dependend on debt financing.
X has a Debt to Equity ratio of 0.35. This is comparable to the rest of the industry: X outperforms 53.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.23 | ||
| Altman-Z | 0.35 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
X has a Current Ratio of 1.00. This is a normal value and indicates that X is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.00, X is in line with its industry, outperforming 53.09% of the companies in the same industry.
A Quick Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
The Quick ratio of X (1.00) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.53% over the past year.
X shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -20.37% yearly.
The Revenue has decreased by -4.94% in the past year.
Measured over the past years, X shows a very strong growth in Revenue. The Revenue has been growing by 20.71% on average per year.
EPS 1Y (TTM)23.53%
EPS 3Y-37.96%
EPS 5Y-20.37%
EPS Q2Q%20.93%
Revenue 1Y (TTM)-4.94%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%14.87%
3.2 Future
Based on estimates for the next years, X will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.52% on average per year.
X is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.93% yearly.
EPS Next Y20.51%
EPS Next 2Y15.82%
EPS Next 3Y14.52%
EPS Next 5YN/A
Revenue Next Year16.12%
Revenue Next 2Y11.45%
Revenue Next 3Y9.93%
Revenue Next 5YN/A
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
The Price/Earnings ratio is 26.65, which means the current valuation is very expensive for X.
Based on the Price/Earnings ratio, X is valued a bit more expensive than 64.20% of the companies in the same industry.
X is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.29, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 22.09, which indicates a rather expensive current valuation of X.
Compared to the rest of the industry, the Price/Forward Earnings ratio of X is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.85, X is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.65 | ||
| Fwd PE | 22.09 |
4.2 Price Multiples
X's Enterprise Value to EBITDA is on the same level as the industry average.
X's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. X is cheaper than 76.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.7 | ||
| EV/EBITDA | 17.54 |
4.3 Compensation for Growth
X's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
X's earnings are expected to grow with 14.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.3
PEG (5Y)N/A
EPS Next 2Y15.82%
EPS Next 3Y14.52%
5. Dividend
5.1 Amount
X has a Yearly Dividend Yield of 1.71%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.23, X pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.38, X is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.71% |
5.2 History
On average, the dividend of X grows each year by 8.27%, which is quite nice.
X has paid a dividend for at least 10 years, which is a reliable track record.
X has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.27%
Div Incr Years9
Div Non Decr Years21
5.3 Sustainability
X pays out 51.37% of its income as dividend. This is a bit on the high side, but may be sustainable.
X's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP51.37%
EPS Next 2Y15.82%
EPS Next 3Y14.52%
TSX:X (10/16/2025, 7:00:00 PM)
50.37
-0.69 (-1.35%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners54.52%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap14.01B
Analysts76.92
Price Target63.02 (25.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.71% |
Yearly Dividend0.75
Dividend Growth(5Y)8.27%
DP51.37%
Div Incr Years9
Div Non Decr Years21
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.81%
Min EPS beat(2)-1.64%
Max EPS beat(2)3.25%
EPS beat(4)3
Avg EPS beat(4)3.29%
Min EPS beat(4)-1.64%
Max EPS beat(4)8.27%
EPS beat(8)4
Avg EPS beat(8)0.73%
EPS beat(12)6
Avg EPS beat(12)0.51%
EPS beat(16)9
Avg EPS beat(16)0.7%
Revenue beat(2)1
Avg Revenue beat(2)0.31%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)1.2%
Revenue beat(4)2
Avg Revenue beat(4)0.47%
Min Revenue beat(4)-1.18%
Max Revenue beat(4)2.45%
Revenue beat(8)3
Avg Revenue beat(8)-0.49%
Revenue beat(12)7
Avg Revenue beat(12)28.99%
Revenue beat(16)11
Avg Revenue beat(16)25.74%
PT rev (1m)1.17%
PT rev (3m)9.84%
EPS NQ rev (1m)0.61%
EPS NQ rev (3m)0.91%
EPS NY rev (1m)0.14%
EPS NY rev (3m)3.5%
Revenue NQ rev (1m)0.37%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)1.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.65 | ||
| Fwd PE | 22.09 | ||
| P/S | 4.82 | ||
| P/FCF | 21.7 | ||
| P/OCF | 19.1 | ||
| P/B | 3.02 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.54 |
EPS(TTM)1.89
EY3.75%
EPS(NY)2.28
Fwd EY4.53%
FCF(TTM)2.32
FCFY4.61%
OCF(TTM)2.64
OCFY5.24%
SpS10.45
BVpS16.67
TBVpS-9.29
PEG (NY)1.3
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.88% | ||
| ROE | 9.1% | ||
| ROCE | 9.47% | ||
| ROIC | 7.28% | ||
| ROICexc | 7.76% | ||
| ROICexgc | N/A | ||
| OM | 24.44% | ||
| PM (TTM) | 14.52% | ||
| GM | 54.65% | ||
| FCFM | 22.22% |
ROA(3y)0.91%
ROA(5y)0.81%
ROE(3y)10.93%
ROE(5y)9.94%
ROIC(3y)6.82%
ROIC(5y)6.67%
ROICexc(3y)7.34%
ROICexc(5y)7.13%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)8.89%
ROCE(5y)8.74%
ROICexcg growth 3Y238.12%
ROICexcg growth 5Y119.32%
ROICexc growth 3Y-2.59%
ROICexc growth 5Y3.49%
OM growth 3Y-23.88%
OM growth 5Y-8.28%
PM growth 3Y-20.89%
PM growth 5Y-5.37%
GM growth 3Y-19.68%
GM growth 5Y-6.72%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.23 | ||
| Debt/EBITDA | 1.86 | ||
| Cap/Depr | 51.04% | ||
| Cap/Sales | 3.03% | ||
| Interest Coverage | 7.52 | ||
| Cash Conversion | 83.13% | ||
| Profit Quality | 153.01% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.35 |
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)49.36%
Cap/Depr(5y)58.08%
Cap/Sales(3y)2.5%
Cap/Sales(5y)3.8%
Profit Quality(3y)105.19%
Profit Quality(5y)110.84%
High Growth Momentum
Growth
EPS 1Y (TTM)23.53%
EPS 3Y-37.96%
EPS 5Y-20.37%
EPS Q2Q%20.93%
EPS Next Y20.51%
EPS Next 2Y15.82%
EPS Next 3Y14.52%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.94%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%14.87%
Revenue Next Year16.12%
Revenue Next 2Y11.45%
Revenue Next 3Y9.93%
Revenue Next 5YN/A
EBIT growth 1Y26.75%
EBIT growth 3Y8.22%
EBIT growth 5Y10.72%
EBIT Next Year35.8%
EBIT Next 3Y16.61%
EBIT Next 5YN/A
FCF growth 1Y51.68%
FCF growth 3Y12.1%
FCF growth 5Y13.93%
OCF growth 1Y52%
OCF growth 3Y12.2%
OCF growth 5Y12.63%