TMX GROUP LTD (X.CA) Fundamental Analysis & Valuation
TSX:X • CA87262K1057
Current stock price
51.16 CAD
+0.53 (+1.05%)
Last:
This X.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. X.CA Profitability Analysis
1.1 Basic Checks
- X had positive earnings in the past year.
- X had a positive operating cash flow in the past year.
- X had positive earnings in each of the past 5 years.
- In the past 5 years X always reported a positive cash flow from operatings.
1.2 Ratios
- X has a Return On Assets of 0.82%. This is comparable to the rest of the industry: X outperforms 53.25% of its industry peers.
- X has a Return On Equity of 8.74%. This is in the better half of the industry: X outperforms 64.94% of its industry peers.
- The Return On Invested Capital of X (7.77%) is better than 74.03% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for X is in line with the industry average of 8.54%.
- The last Return On Invested Capital (7.77%) for X is above the 3 year average (7.12%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 8.74% | ||
| ROIC | 7.77% |
ROA(3y)0.86%
ROA(5y)0.82%
ROE(3y)9.31%
ROE(5y)10.13%
ROIC(3y)7.12%
ROIC(5y)7%
1.3 Margins
- Looking at the Profit Margin, with a value of 14.23%, X is in line with its industry, outperforming 58.44% of the companies in the same industry.
- X's Profit Margin has declined in the last couple of years.
- X has a worse Operating Margin (26.38%) than 66.23% of its industry peers.
- In the last couple of years the Operating Margin of X has declined.
- X has a Gross Margin of 58.76%. This is in the better half of the industry: X outperforms 71.43% of its industry peers.
- In the last couple of years the Gross Margin of X has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.38% | ||
| PM (TTM) | 14.23% | ||
| GM | 58.76% |
OM growth 3Y-2.73%
OM growth 5Y-8.85%
PM growth 3Y-21.23%
PM growth 5Y-12.2%
GM growth 3Y-0.63%
GM growth 5Y-6.97%
2. X.CA Health Analysis
2.1 Basic Checks
- The number of shares outstanding for X remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, X has less shares outstanding
- Compared to 1 year ago, X has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.34, we must say that X is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 0.34, X perfoms like the industry average, outperforming 50.65% of the companies in the same industry.
- The Debt to FCF ratio of X is 3.35, which is a good value as it means it would take X, 3.35 years of fcf income to pay off all of its debts.
- With a decent Debt to FCF ratio value of 3.35, X is doing good in the industry, outperforming 67.53% of the companies in the same industry.
- A Debt/Equity ratio of 0.35 indicates that X is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.35, X perfoms like the industry average, outperforming 50.65% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.35 | ||
| Altman-Z | 0.34 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.00, X is doing worse than 76.62% of the companies in the same industry.
- X has a Quick 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.
- X has a worse Quick ratio (1.00) than 76.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. X.CA Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an impressive 24.71% over the past year.
- Measured over the past years, X shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.51% on average per year.
- Looking at the last year, X shows a decrease in Revenue. The Revenue has decreased by -1.69% in the last year.
- X shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 23.29% yearly.
EPS 1Y (TTM)24.71%
EPS 3Y14.18%
EPS 5Y12.51%
EPS Q2Q%25%
Revenue 1Y (TTM)-1.69%
Revenue growth 3Y16.16%
Revenue growth 5Y23.29%
Sales Q2Q%16.4%
3.2 Future
- The Earnings Per Share is expected to grow by 11.74% on average over the next years. This is quite good.
- X is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.08% yearly.
EPS Next Y10.78%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
EPS Next 5YN/A
Revenue Next Year9.81%
Revenue Next 2Y8.18%
Revenue Next 3Y9.08%
Revenue Next 5YN/A
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 stable.
- 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. X.CA Valuation Analysis
4.1 Price/Earnings Ratio
- X is valuated rather expensively with a Price/Earnings ratio of 24.13.
- X's Price/Earnings ratio is a bit more expensive when compared to the industry. X is more expensive than 74.03% 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 27.18, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 21.78, which indicates a rather expensive current valuation of X.
- The rest of the industry has a similar Price/Forward Earnings ratio as X.
- X's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.96.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.13 | ||
| Fwd PE | 21.78 |
4.2 Price Multiples
- X's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, X is valued a bit cheaper than the industry average as 74.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.12 | ||
| EV/EBITDA | 16.35 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates X does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.24
PEG (5Y)1.93
EPS Next 2Y10.36%
EPS Next 3Y11.74%
5. X.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.90%, X has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.78, X pays a bit more dividend than its industry peers.
- X's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.9% |
5.2 History
- On average, the dividend of X grows each year by 9.02%, which is quite nice.
- X has paid a dividend for at least 10 years, which is a reliable track record.
- X has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.02%
Div Incr Years10
Div Non Decr Years22
5.3 Sustainability
- 56.19% of the earnings are spent on dividend by X. 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.
DP56.19%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
X.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:X (4/13/2026, 7:00:00 PM)
51.16
+0.53 (+1.05%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05 2026-02-05/amc
Earnings (Next)05-04 2026-05-04
Inst Owners56.88%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap14.23B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts80
Price Target62.48 (22.13%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.9% |
Yearly Dividend0.84
Dividend Growth(5Y)9.02%
DP56.19%
Div Incr Years10
Div Non Decr Years22
Ex-Date02-20 2026-02-20 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.76%
Min EPS beat(2)5.49%
Max EPS beat(2)8.02%
EPS beat(4)3
Avg EPS beat(4)3.78%
Min EPS beat(4)-1.64%
Max EPS beat(4)8.02%
EPS beat(8)6
Avg EPS beat(8)3.01%
EPS beat(12)8
Avg EPS beat(12)2%
EPS beat(16)10
Avg EPS beat(16)1.71%
Revenue beat(2)2
Avg Revenue beat(2)1.1%
Min Revenue beat(2)1.05%
Max Revenue beat(2)1.16%
Revenue beat(4)3
Avg Revenue beat(4)0.71%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)1.2%
Revenue beat(8)5
Avg Revenue beat(8)0.43%
Revenue beat(12)7
Avg Revenue beat(12)11.94%
Revenue beat(16)11
Avg Revenue beat(16)25.31%
PT rev (1m)0%
PT rev (3m)-2.2%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.88%
EPS NY rev (1m)0%
EPS NY rev (3m)1.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.13 | ||
| Fwd PE | 21.78 | ||
| P/S | 4.87 | ||
| P/FCF | 22.12 | ||
| P/OCF | 18.61 | ||
| P/B | 2.99 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.35 |
EPS(TTM)2.12
EY4.14%
EPS(NY)2.35
Fwd EY4.59%
FCF(TTM)2.31
FCFY4.52%
OCF(TTM)2.75
OCFY5.37%
SpS10.5
BVpS17.1
TBVpS-9.21
PEG (NY)2.24
PEG (5Y)1.93
Graham Number28.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.82% | ||
| ROE | 8.74% | ||
| ROCE | 10.14% | ||
| ROIC | 7.77% | ||
| ROICexc | 8.33% | ||
| ROICexgc | N/A | ||
| OM | 26.38% | ||
| PM (TTM) | 14.23% | ||
| GM | 58.76% | ||
| FCFM | 22.02% |
ROA(3y)0.86%
ROA(5y)0.82%
ROE(3y)9.31%
ROE(5y)10.13%
ROIC(3y)7.12%
ROIC(5y)7%
ROICexc(3y)7.62%
ROICexc(5y)7.52%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)9.3%
ROCE(5y)9.16%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y3.77%
ROICexc growth 5Y5.65%
OM growth 3Y-2.73%
OM growth 5Y-8.85%
PM growth 3Y-21.23%
PM growth 5Y-12.2%
GM growth 3Y-0.63%
GM growth 5Y-6.97%
F-Score5
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.35 | ||
| Debt/EBITDA | 1.73 | ||
| Cap/Depr | 67.07% | ||
| Cap/Sales | 4.15% | ||
| Interest Coverage | 8.58 | ||
| Cash Conversion | 80.36% | ||
| Profit Quality | 154.82% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.34 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)56.51%
Cap/Depr(5y)54.78%
Cap/Sales(3y)2.96%
Cap/Sales(5y)3.32%
Profit Quality(3y)132.71%
Profit Quality(5y)117.13%
High Growth Momentum
Growth
EPS 1Y (TTM)24.71%
EPS 3Y14.18%
EPS 5Y12.51%
EPS Q2Q%25%
EPS Next Y10.78%
EPS Next 2Y10.36%
EPS Next 3Y11.74%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.69%
Revenue growth 3Y16.16%
Revenue growth 5Y23.29%
Sales Q2Q%16.4%
Revenue Next Year9.81%
Revenue Next 2Y8.18%
Revenue Next 3Y9.08%
Revenue Next 5YN/A
EBIT growth 1Y20.04%
EBIT growth 3Y13%
EBIT growth 5Y12.39%
EBIT Next Year24.52%
EBIT Next 3Y15.48%
EBIT Next 5YN/A
FCF growth 1Y17.08%
FCF growth 3Y17.95%
FCF growth 5Y13.28%
OCF growth 1Y22.68%
OCF growth 3Y19.86%
OCF growth 5Y13.16%
TMX GROUP LTD / X.CA Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for TMX GROUP LTD?
ChartMill assigns a fundamental rating of 5 / 10 to X.CA.
What is the valuation status for X stock?
ChartMill assigns a valuation rating of 2 / 10 to TMX GROUP LTD (X.CA). This can be considered as Overvalued.
Can you provide the profitability details for TMX GROUP LTD?
TMX GROUP LTD (X.CA) has a profitability rating of 5 / 10.
Can you provide the PE and PB ratios for X stock?
The Price/Earnings (PE) ratio for TMX GROUP LTD (X.CA) is 24.13 and the Price/Book (PB) ratio is 2.99.
Can you provide the expected EPS growth for X stock?
The Earnings per Share (EPS) of TMX GROUP LTD (X.CA) is expected to grow by 10.78% in the next year.