MarketAxess Inc. (MKTX)
MarketAxess Statistics
Share Statistics
MarketAxess has 37.69M shares outstanding. The number of shares has increased by 0.09% in one year.
| Shares Outstanding | 37.69M |
| Shares Change (YoY) | 0.09% |
| Shares Change (QoQ) | -0.13% |
| Owned by Institutions (%) | 99.99% |
| Shares Floating | 36.85M |
| Failed to Deliver (FTD) Shares | 1.13K |
| FTD / Avg. Volume | 0.17% |
Short Selling Information
The latest short interest is 1.3M, so 3.45% of the outstanding shares have been sold short.
| Short Interest | 1.3M |
| Short % of Shares Out | 3.45% |
| Short % of Float | 3.53% |
| Short Ratio (days to cover) | 3.15 |
Valuation Ratios
The PE ratio is 31 and the forward PE ratio is 27.62. MarketAxess's PEG ratio is 5.07.
| PE Ratio | 31 |
| Forward PE | 27.62 |
| PS Ratio | 10.4 |
| Forward PS | 6.9 |
| PB Ratio | 6.12 |
| P/FCF Ratio | 22.65 |
| PEG Ratio | 5.07 |
Enterprise Valuation
MarketAxess Inc. has an Enterprise Value (EV) of 11.08B.
| EV / Earnings | 40.39 |
| EV / Sales | 13.55 |
| EV / EBITDA | 25.59 |
| EV / EBIT | 32.49 |
| EV / FCF | 29.51 |
Financial Position
The company has a current ratio of 4.41, with a Debt / Equity ratio of 0.05.
| Current Ratio | 4.41 |
| Quick Ratio | 4.41 |
| Debt / Equity | 0.05 |
| Total Debt / Capitalization | 4.97 |
| Cash Flow / Debt | 5.3 |
| Interest Coverage | 212.91 |
Financial Efficiency
Return on equity (ROE) is 0.2% and return on capital (ROIC) is 17.74%.
| Return on Equity (ROE) | 0.2% |
| Return on Assets (ROA) | 0.15% |
| Return on Capital (ROIC) | 17.74% |
| Revenue Per Employee | $917,056.12 |
| Profits Per Employee | $307,722.78 |
| Employee Count | 891 |
| Asset Turnover | 0.46 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | 86.36M |
| Effective Tax Rate | 0.24 |
Stock Price Statistics
The stock price has increased by -0.15% in the last 52 weeks. The beta is 1.05, so MarketAxess's price volatility has been higher than the market average.
| Beta | 1.05 |
| 52-Week Price Change | -0.15% |
| 50-Day Moving Average | 208.16 |
| 200-Day Moving Average | 233.92 |
| Relative Strength Index (RSI) | 62.77 |
| Average Volume (20 Days) | 650.96K |
Income Statement
In the last 12 months, MarketAxess had revenue of 817.1M and earned 274.18M in profits. Earnings per share was 7.29.
| Revenue | 817.1M |
| Gross Profit | 566.53M |
| Operating Income | 340.87M |
| Net Income | 274.18M |
| EBITDA | 432.77M |
| EBIT | 340.87M |
| Earnings Per Share (EPS) | 7.29 |
Balance Sheet
The company has 544.48M in cash and 72.65M in debt, giving a net cash position of 471.82M.
| Cash & Cash Equivalents | 544.48M |
| Total Debt | 72.65M |
| Net Cash | 471.82M |
| Retained Earnings | 1.41B |
| Total Assets | 1.79B |
| Working Capital | 886.09M |
Cash Flow
In the last 12 months, operating cash flow was 385.24M and capital expenditures -9.94M, giving a free cash flow of 375.3M.
| Operating Cash Flow | 385.24M |
| Capital Expenditures | -9.94M |
| Free Cash Flow | 375.3M |
| FCF Per Share | 9.98 |
Margins
Gross margin is 69.33%, with operating and profit margins of 41.72% and 33.56%.
| Gross Margin | 69.33% |
| Operating Margin | 41.72% |
| Pretax Margin | 44.13% |
| Profit Margin | 33.56% |
| EBITDA Margin | 52.96% |
| EBIT Margin | 41.72% |
| FCF Margin | 45.93% |
Dividends & Yields
MKTX pays an annual dividend of $2.98, which amounts to a dividend yield of 1.56%.
| Dividend Per Share | $2.98 |
| Dividend Yield | 1.56% |
| Dividend Growth (YoY) | 2.7% |
| Payout Ratio | 40.88% |
| Earnings Yield | 3.33% |
| FCF Yield | 4.55% |
Analyst Forecast
The average price target for MKTX is $240, which is 9.6% higher than the current price. The consensus rating is "Hold".
| Price Target | $240 |
| Price Target Difference | 9.6% |
| Analyst Consensus | Hold |
| Analyst Count | 9 |
Scores
| Altman Z-Score | 14.82 |
| Piotroski F-Score | 7 |