TMX GROUP LTD (X.CA) Stock Fundamental Analysis

TSX:X • CA87262K1057

46.32 CAD
+0.21 (+0.46%)
Last: Feb 23, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, X scores 5 out of 10 in our fundamental rating. X was compared to 79 industry peers in the Capital Markets industry. X has an average financial health and profitability rating. X is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year X was profitable.
  • In the past year X had a positive cash flow from operations.
  • X had positive earnings in each of the past 5 years.
  • Each year in the past 5 years X had a positive operating cash flow.
X.CA Yearly Net Income VS EBIT VS OCF VS FCFX.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

1.2 Ratios

  • X has a Return On Assets (0.82%) which is comparable to the rest of the industry.
  • The Return On Equity of X (8.74%) is better than 64.56% of its industry peers.
  • X has a Return On Invested Capital of 7.77%. This is in the better half of the industry: X outperforms 75.95% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for X is below the industry average of 10.51%.
  • The 3 year average ROIC (7.12%) for X is below the current ROIC(7.77%), indicating increased profibility in the last year.
Industry RankSector 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%
X.CA Yearly ROA, ROE, ROICX.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • With a decent Profit Margin value of 14.23%, X is doing good in the industry, outperforming 63.29% of the companies in the same industry.
  • In the last couple of years the Profit Margin of X has declined.
  • Looking at the Operating Margin, with a value of 26.38%, X is in the better half of the industry, outperforming 68.35% of the companies in the same industry.
  • In the last couple of years the Operating Margin of X has declined.
  • Looking at the Gross Margin, with a value of 58.76%, X is in the better half of the industry, outperforming 74.68% of the companies in the same industry.
  • In the last couple of years the Gross Margin of X has declined.
Industry RankSector 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%
X.CA Yearly Profit, Operating, Gross MarginsX.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • Compared to 1 year ago, X has about the same amount of shares outstanding.
  • Compared to 5 years ago, X has less shares outstanding
  • X has a better debt/assets ratio than last year.
X.CA Yearly Shares OutstandingX.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
X.CA Yearly Total Debt VS Total AssetsX.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • Based on the Altman-Z score of 0.33, we must say that X is in the distress zone and has some risk of bankruptcy.
  • With a Altman-Z score value of 0.33, X perfoms like the industry average, outperforming 50.63% 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.
  • X's Debt to FCF ratio of 3.35 is fine compared to the rest of the industry. X outperforms 69.62% 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 53.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.35
Altman-Z 0.33
ROIC/WACCN/A
WACCN/A
X.CA Yearly LT Debt VS Equity VS FCFX.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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.
  • X has a Current ratio of 1.00. This is comparable to the rest of the industry: X outperforms 56.96% of its industry peers.
  • A Quick Ratio of 1.00 indicates that X should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.00, X is in line with its industry, outperforming 56.96% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1
X.CA Yearly Current Assets VS Current LiabilitesX.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • X shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.71%, which is quite impressive.
  • The Earnings Per Share has been growing by 12.51% on average over the past years. This is quite good.
  • The Revenue has decreased by -1.69% in the past 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

  • Based on estimates for the next years, X will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.29% on average per year.
  • X is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.97% yearly.
EPS Next Y9.42%
EPS Next 2Y10.29%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.53%
Revenue Next 2Y6.97%
Revenue Next 3YN/A
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
X.CA Yearly Revenue VS EstimatesX.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B 2.5B
X.CA Yearly EPS VS EstimatesX.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2 2.5

More info and screens

Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.85 indicates a rather expensive valuation of X.
  • Based on the Price/Earnings ratio, X is valued a bit more expensive than 63.29% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.64. X is around the same levels.
  • X is valuated rather expensively with a Price/Forward Earnings ratio of 19.97.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of X indicates a somewhat cheap valuation: X is cheaper than 62.03% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.75. X is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 21.85
Fwd PE 19.97
X.CA Price Earnings VS Forward Price EarningsX.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as X.
  • Based on the Price/Free Cash Flow ratio, X is valued a bit cheaper than 77.22% of the companies in the same industry.
Industry RankSector Rank
P/FCF 20.02
EV/EBITDA 15.09
X.CA Per share dataX.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • X has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.32
PEG (5Y)1.75
EPS Next 2Y10.29%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • X has a Yearly Dividend Yield of 1.74%.
  • Compared to an average industry Dividend Yield of 2.59, X has a dividend in line with its industry peers.
  • X's Dividend Yield is comparable with the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 1.74%

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 Years9
Div Non Decr Years21
X.CA Yearly Dividends per shareX.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

  • X pays out 56.19% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of X is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP56.19%
EPS Next 2Y10.29%
EPS Next 3YN/A
X.CA Yearly Income VS Free CF VS DividendX.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
X.CA Dividend Payout.X.CA Dividend Payout, showing the Payout Ratio.X.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

TMX GROUP LTD

TSX:X (2/23/2026, 7:00:00 PM)

46.32

+0.21 (+0.46%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)05-04
Inst Owners56.1%
Inst Owner ChangeN/A
Ins Owners1.15%
Ins Owner ChangeN/A
Market Cap12.89B
Revenue(TTM)2.92B
Net Income(TTM)415.70M
Analysts78.57
Price Target63.88 (37.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.74%
Yearly Dividend0.84
Dividend Growth(5Y)9.02%
DP56.19%
Div Incr Years9
Div Non Decr Years21
Ex-DateN/A
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)1.62%
EPS NQ rev (1m)3.94%
EPS NQ rev (3m)3.29%
EPS NY rev (1m)0%
EPS NY rev (3m)0.57%
Revenue NQ rev (1m)4.92%
Revenue NQ rev (3m)4.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 21.85
Fwd PE 19.97
P/S 4.41
P/FCF 20.02
P/OCF 16.85
P/B 2.71
P/tB N/A
EV/EBITDA 15.09
EPS(TTM)2.12
EY4.58%
EPS(NY)2.32
Fwd EY5.01%
FCF(TTM)2.31
FCFY4.99%
OCF(TTM)2.75
OCFY5.93%
SpS10.5
BVpS17.1
TBVpS-9.21
PEG (NY)2.32
PEG (5Y)1.75
Graham Number28.56
Profitability
Industry RankSector 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 RankSector 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 0.33
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 Y9.42%
EPS Next 2Y10.29%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.69%
Revenue growth 3Y16.16%
Revenue growth 5Y23.29%
Sales Q2Q%16.4%
Revenue Next Year7.53%
Revenue Next 2Y6.97%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y20.04%
EBIT growth 3Y13%
EBIT growth 5Y12.39%
EBIT Next Year23.98%
EBIT Next 3YN/A
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 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 3 / 10 to TMX GROUP LTD (X.CA). This can be considered as Overvalued.


How profitable is TMX GROUP LTD (X.CA) stock?

TMX GROUP LTD (X.CA) has a profitability rating of 6 / 10.


How financially healthy is TMX GROUP LTD?

The financial health rating of TMX GROUP LTD (X.CA) is 5 / 10.


What is the earnings growth outlook for TMX GROUP LTD?

The Earnings per Share (EPS) of TMX GROUP LTD (X.CA) is expected to grow by 9.42% in the next year.