MarketAxess Holdings Inc

Find Ratings Reports
MKTX : NASDAQ : Financial
$153.80 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 370,700
07/27/16 - 4:00 PM ET

Financial Analysis


MARKETAXESS HOLDINGS INC's gross profit margin for the first 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 19.07% from the same quarter last year.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)88.5776.77
EBITDA ($mil)49.0543.11
EBIT ($mil)44.3738.5
Net Income ($mil)28.9624.59


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)138.0161.05
Total Assets ($mil)451.84378.69
Total Debt ($mil)0.00.0
Equity ($mil)410.42344.67


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin55.3856.16
EBITDA Margin55.3756.15
Operating Margin50.0950.15
Sales Turnover0.70.73
Return on Assets22.2221.63
Return on Equity24.4623.76
Debt Q1 FY16 Q1 FY15
Current Ratio0.00.0
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)37.5737.34
Div / share0.260.2
EPS0.770.65
Book value / share10.929.23
Institutional Own % n/a n/a
Avg Daily Volume365612.0251397.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 8656.47 for the Diversified Financial Services industry and a significant premium compared to the S&P 500 average of 25.05. To use another comparison, its price-to-book ratio of 13.86 indicates a significant premium versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 835.37. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, MARKETAXESS HOLDINGS INC 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
MKTX 56.91 Peers 8656.47   MKTX 106.83 Peers 6379.10

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

MKTX is trading at a significant discount to its peers.

 

Discount. 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 discount 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 39.22 Peers 13.24   MKTX 2.38 Peers 0.33

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.

 

Premium. 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 significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MKTX 13.86 Peers 835.37   MKTX 23.14 Peers 36.96

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.

MKTX 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, 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 18.06 Peers 979.17   MKTX 14.11 Peers 8.38

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.

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

 

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.

 

 

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