TMX GROUP LTD (X.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:X - CA87262K1057 - Common Stock
51.47 CAD
-0.76 (-1.46%)
Taking everything into account, X scores 5 out of 10 in our fundamental rating. X was compared to 80 industry peers in the Capital Markets industry. X has an average financial health and profitability rating. X is valued quite expensively, but it does show have an excellent growth rating. Finally X also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
X had positive earnings in the past year.
In the past year X had a positive cash flow from operations.
In the past 5 years X has always been profitable.
In the past 5 years X always reported a positive cash flow from operatings.
1.2 Ratios
X has a Return On Assets (0.91%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 9.71%, X is in the better half of the industry, outperforming 66.25% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.55%, X is in the better half of the industry, outperforming 76.25% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for X is below the industry average of 10.18%.
The last Return On Invested Capital (7.55%) for X is above the 3 year average (6.82%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 9.71% | ||
| ROIC | 7.55% |
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's Profit Margin of 15.99% is fine compared to the rest of the industry. X outperforms 65.00% of its industry peers.
X's Profit Margin has declined in the last couple of years.
X has a worse Operating Margin (25.96%) than 60.00% of its industry peers.
In the last couple of years the Operating Margin of X has declined.
X's Gross Margin of 57.47% is fine compared to the rest of the industry. X outperforms 72.50% of its industry peers.
X's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.96% | ||
| PM (TTM) | 15.99% | ||
| GM | 57.47% |
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
Compared to 1 year ago, X has more shares outstanding
The number of shares outstanding for X has been reduced compared to 5 years ago.
The debt/assets ratio for X is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.35, we must say that X is in the distress zone and has some risk of bankruptcy.
X's Altman-Z score of 0.35 is in line compared to the rest of the industry. X outperforms 51.25% of its industry peers.
The Debt to FCF ratio of X is 3.41, which is a good value as it means it would take X, 3.41 years of fcf income to pay off all of its debts.
X has a better Debt to FCF ratio (3.41) than 68.75% of its industry peers.
X has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
X has a Debt to Equity ratio (0.35) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.35 | ||
| Debt/FCF | 3.41 | ||
| 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 doing worse than 73.75% 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 73.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
X shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.79%, which is quite impressive.
The Earnings Per Share has been growing by 9.87% on average over the past years. This is quite good.
X shows a decrease in Revenue. In the last year, the revenue decreased by -6.09%.
X shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.71% yearly.
EPS 1Y (TTM)25.79%
EPS 3Y6.08%
EPS 5Y9.87%
EPS Q2Q%26.83%
Revenue 1Y (TTM)-6.09%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%18.32%
3.2 Future
X is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.60% yearly.
Based on estimates for the next years, X will show a quite strong growth in Revenue. The Revenue will grow by 10.36% on average per year.
EPS Next Y23.15%
EPS Next 2Y16.58%
EPS Next 3Y14.6%
EPS Next 5YN/A
Revenue Next Year17.48%
Revenue Next 2Y12.4%
Revenue Next 3Y10.36%
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 accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 25.73, the valuation of X can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of X indicates a slightly more expensive valuation: X is more expensive than 63.75% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of X to the average of the S&P500 Index (26.60), we can say X is valued inline with the index average.
With a Price/Forward Earnings ratio of 22.28, X is valued on the expensive side.
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 23.23, X is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.74 | ||
| Fwd PE | 22.28 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of X is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, X is valued a bit cheaper than the industry average as 72.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.47 | ||
| EV/EBITDA | 17.32 |
4.3 Compensation for Growth
X's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as X's earnings are expected to grow with 14.60% in the coming years.
PEG (NY)1.11
PEG (5Y)2.61
EPS Next 2Y16.58%
EPS Next 3Y14.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.77%, X has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.87, X pays a bit more dividend than its industry peers.
X's Dividend Yield is comparable with the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
5.2 History
On average, the dividend of X grows each year by 8.27%, which is quite nice.
X has been paying a dividend for at least 10 years, so it has 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)8.27%
Div Incr Years9
Div Non Decr Years21
5.3 Sustainability
48.98% of the earnings are spent on dividend by X. This is a bit on the high side, but may be sustainable.
The dividend of X is growing, but earnings are growing more, so the dividend growth is sustainable.
DP48.98%
EPS Next 2Y16.58%
EPS Next 3Y14.6%
TSX:X (1/2/2026, 7:00:00 PM)
51.47
-0.76 (-1.46%)
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 Cap14.32B
Revenue(TTM)2.88B
Net Income(TTM)459.80M
Analysts78.57
Price Target63.88 (24.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.77% |
Yearly Dividend0.75
Dividend Growth(5Y)8.27%
DP48.98%
Div Incr Years9
Div Non Decr Years21
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.37%
Min EPS beat(2)3.25%
Max EPS beat(2)5.49%
EPS beat(4)3
Avg EPS beat(4)3.85%
Min EPS beat(4)-1.64%
Max EPS beat(4)8.27%
EPS beat(8)5
Avg EPS beat(8)1.78%
EPS beat(12)7
Avg EPS beat(12)1.3%
EPS beat(16)10
Avg EPS beat(16)1.26%
Revenue beat(2)1
Avg Revenue beat(2)0.24%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)1.05%
Revenue beat(4)3
Avg Revenue beat(4)1.03%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)2.45%
Revenue beat(8)4
Avg Revenue beat(8)0.11%
Revenue beat(12)7
Avg Revenue beat(12)21.91%
Revenue beat(16)11
Avg Revenue beat(16)25.65%
PT rev (1m)0.2%
PT rev (3m)2.54%
EPS NQ rev (1m)2.28%
EPS NQ rev (3m)4.16%
EPS NY rev (1m)0%
EPS NY rev (3m)2.19%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)2.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.74 | ||
| Fwd PE | 22.28 | ||
| P/S | 4.98 | ||
| P/FCF | 22.47 | ||
| P/OCF | 19.89 | ||
| P/B | 3.03 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.32 |
EPS(TTM)2
EY3.89%
EPS(NY)2.31
Fwd EY4.49%
FCF(TTM)2.29
FCFY4.45%
OCF(TTM)2.59
OCFY5.03%
SpS10.34
BVpS17.01
TBVpS-9.02
PEG (NY)1.11
PEG (5Y)2.61
Graham Number27.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.91% | ||
| ROE | 9.71% | ||
| ROCE | 9.83% | ||
| ROIC | 7.55% | ||
| ROICexc | 8.18% | ||
| ROICexgc | N/A | ||
| OM | 25.96% | ||
| PM (TTM) | 15.99% | ||
| GM | 57.47% | ||
| FCFM | 22.16% |
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%
ROICexgc growth 3Y238.12%
ROICexgc 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 | 3.41 | ||
| Debt/EBITDA | 1.77 | ||
| Cap/Depr | 46.96% | ||
| Cap/Sales | 2.87% | ||
| Interest Coverage | 7.89 | ||
| Cash Conversion | 78.06% | ||
| Profit Quality | 138.63% | ||
| 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)25.79%
EPS 3Y6.08%
EPS 5Y9.87%
EPS Q2Q%26.83%
EPS Next Y23.15%
EPS Next 2Y16.58%
EPS Next 3Y14.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-6.09%
Revenue growth 3Y42.16%
Revenue growth 5Y20.71%
Sales Q2Q%18.32%
Revenue Next Year17.48%
Revenue Next 2Y12.4%
Revenue Next 3Y10.36%
Revenue Next 5YN/A
EBIT growth 1Y26.42%
EBIT growth 3Y8.22%
EBIT growth 5Y10.72%
EBIT Next Year37.52%
EBIT Next 3Y17.61%
EBIT Next 5YN/A
FCF growth 1Y51.4%
FCF growth 3Y12.1%
FCF growth 5Y13.93%
OCF growth 1Y48.22%
OCF growth 3Y12.2%
OCF growth 5Y12.63%
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 5 / 10.
How financially healthy is TMX GROUP LTD?
The financial health rating of TMX GROUP LTD (X.CA) is 4 / 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 23.15% in the next year.