MarketAxess Holdings Inc

Find Ratings Reports
MKTX : NASDAQ : Financial
$156.85 up 0.5 | 0.32%
Today's Range: 155.345 - 159.94
Avg. Daily Volume: 236000.0
01/13/17 - 4:00 PM ET

Financial Analysis


MARKETAXESS HOLDINGS INC's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago.

During the same period, stockholders' equity ("net worth") has increased by 20.94% from the same quarter last year.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)90.2774.19
EBITDA ($mil)50.6840.0
EBIT ($mil)46.3535.35
Net Income ($mil)30.9222.72


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)161.44160.38
Total Assets ($mil)502.15416.32
Total Debt ($mil)0.00.0
Equity ($mil)451.7373.47


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin56.1453.91
EBITDA Margin56.1453.9
Operating Margin51.3547.65
Sales Turnover0.70.71
Return on Assets23.3922.38
Return on Equity26.0124.95
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)37.5937.31
Div / share0.260.2
EPS0.820.6
Book value / share12.0210.01
Institutional Own % n/a n/a
Avg Daily Volume236906.0257023.0

Valuation


BUY. MARKETAXESS HOLDINGS INC's P/E ratio indicates a significant premium compared to an average of 24.09 for the Capital Markets industry and a significant premium compared to the S&P 500 average of 25.49. For additional comparison, its price-to-book ratio of 13.01 indicates a significant premium versus the S&P 500 average of 2.84 and a significant premium versus the industry average of 4.13. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, MARKETAXESS HOLDINGS INC proves to trade at a premium 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
MKTX 50.11 Peers 24.09   MKTX 86.64 Peers 16.15

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

MKTX is trading at a significant premium to its peers.

 

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

MKTX is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MKTX 40.18 Peers 32.14   MKTX 1.75 Peers 2.02

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

MKTX is trading at a significant premium to its peers.

 

Discount. 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.

MKTX trades at a discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MKTX 13.01 Peers 4.13   MKTX 26.82 Peers 45.36

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

MKTX is trading at a significant premium to its peers.

 

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

However, MKTX 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
MKTX 16.69 Peers 7.52   MKTX 18.71 Peers 2.02

Premium. 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.

MKTX is trading at a significant premium to its industry.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

MKTX has a sales growth rate that significantly exceeds its peers.

 

 

Latest Stock Upgrades/Downgrades