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Interactive Brokers Group Inc.
IBKR : NASDAQ : Financial

$15.58 0.00 | 0.00%
Today's Range: 15.50 - 15.63
Avg. Daily Volume: 313,600
05/24/13 - 4:00 PM ET

Financial Analysis


INTERACTIVE BROKERS GROUP's gross profit margin for the first quarter of its fiscal year 2013 has decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its industry.

At the same time, stockholders' equity ("net worth") has greatly increased by 157.84% from the same quarter last year.



Income Statement Q1 FY13 Q1 FY12
Net Sales ($mil)229.0323.07
EBITDA ($mil)0.0174.01
EBIT ($mil)95.1168.82
Net Income ($mil)6.611.08


Balance Sheet Q1 FY13 Q1 FY12
Cash & Equiv. ($mil)14151.712945.17
Total Assets ($mil)35144.032696.4
Total Debt ($mil)4386.25719.17
Equity ($mil)597.5-1032.95


Profitability Q1 FY13 Q1 FY12
Gross Profit Margin49.3959.11
EBITDA Margin0.053.86
Operating Margin41.5352.26
Sales Turnover0.030.04
Return on Assets0.10.17
Return on Equity6.050.0
Debt Q1 FY13 Q1 FY12
Current Ratio0.00.0
Debt/Capital0.881.22
Interest Expense12.919.14
Interest Coverage7.378.82


Share Data Q1 FY13 Q1 FY12
Shares outstanding (mil)47.545.58
Div / share0.10.1
EPS0.140.27
Book value / share12.58-22.66
Institutional Own % n/a n/a
Avg Daily Volume330399.0576103.0

Valuation


HOLD. INTERACTIVE BROKERS GROUP's P/E ratio indicates a discount compared to an average of 21.70 for the Diversified Financial Services industry and a value on par with the S&P 500 average of 19.08. For additional comparison, its price-to-book ratio of 1.24 indicates a discount versus the S&P 500 average of 2.44 and a discount versus the industry average of 2.03. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, INTERACTIVE BROKERS GROUP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
IBKR 20.55 Peers 21.70   IBKR NA Peers 7.15

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

IBKR is trading at a valuation on par with its peers.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
IBKR 13.47 Peers 12.03   IBKR NM Peers 0.60

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

IBKR is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

IBKR's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IBKR 1.24 Peers 2.03   IBKR -39.69 Peers 75.42

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

IBKR is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, IBKR is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
IBKR 0.68 Peers 2.21   IBKR -20.53 Peers -5.42

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

IBKR is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

IBKR significantly trails its peers on the basis of sales growth

 

 

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