MarketAxess Holdings Inc.
NASDAQ Global SelectTotal Valuation
MarketAxess Holdings Inc. carries a market capitalization of 4.16B, placing it among publicly traded companies globally. Its enterprise value stands at 5.96B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.
| Market Cap | 4.16B |
| Enterprise Value | 5.96B |
Share Statistics
MarketAxess Holdings Inc. currently has 35.54M shares outstanding.
| Shares Outstanding | 35.54M |
| Owned by Insiders (%) | N/A |
| Owned by Institutions (%) | N/A |
Valuation Ratios
MarketAxess Holdings Inc. trades at a trailing price-to-earnings ratio of 19.48. The price-to-sales ratio is 6.92, and the price-to-book ratio stands at 3.79.
| PE Ratio | 19.48 |
| PS Ratio | 6.92 |
| PB Ratio | 3.79 |
| P/TBV Ratio | 7.40 |
| P/FCF Ratio | 21.29 |
| P/OCF Ratio | 21.75 |
Enterprise Valuation
On an enterprise value basis, MarketAxess Holdings Inc. trades at an EV/EBITDA multiple of 13.54 and an EV/FCF ratio of 20.74. The EV/Sales ratio of 6.84 reflects the premium investors are willing to pay for the company's revenue stream, while the EV/EBIT multiple of 16.81 provides insight into valuation relative to core operating earnings.
| EV / Sales | 6.84 |
| EV / EBITDA | 13.54 |
| EV / EBIT | 16.81 |
| EV / FCF | 20.74 |
Financial Position
MarketAxess Holdings Inc. maintains a current ratio of 1.99, meaning it holds 2.0x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 24.25, indicating elevated leverage, while an interest coverage ratio of 105.66 demonstrates strong ability to service its debt obligations.
| Current Ratio | 1.99 |
| Quick Ratio | 1.77 |
| Debt / Equity | 24.25 |
| Debt / EBITDA | 0.66 |
| Interest Coverage | 105.66 |
Financial Efficiency
MarketAxess Holdings Inc. posts a return on equity of 20.76 and a return on invested capital of 19.35.
| Return on Equity (ROE) | 20.76 |
| Return on Assets (ROA) | 14.81 |
| Return on Invested Capital (ROIC) | 19.35 |
| Return on Capital Employed (ROCE) | 18.61 |
| Revenue Per Employee | N/A |
| Employee Count | N/A |
| Inventory Turnover | N/A |
Taxes
Over the trailing twelve months, MarketAxess Holdings Inc. has paid 64.77M in income taxes, reflecting an effective tax rate of 17.29.
| Income Tax | 64.77M |
| Effective Tax Rate | 17.29 |
Stock Price Statistics
MarketAxess Holdings Inc.'s stock has declined approximately -47.62374% over the past 52 weeks. The 50-day moving average sits at 154.48, while the 200-day moving average is 170.14.
| Beta (5Y) | N/A |
| 52-Week Price Change | -47.62374% |
| 50-Day Moving Average | 154.48 |
| 200-Day Moving Average | 170.14 |
| Average Volume (20 Days) | N/A |
Income Statement
Over the trailing twelve months, MarketAxess Holdings Inc. generated 871.07M in revenue and converted that into 309.48M in net income, yielding earnings per share of 8.46. EBITDA reached 439.74M, while operating income came in at 354.38M.
| Revenue | 871.07M |
| Gross Profit | 516.83M |
| Operating Income | 354.38M |
| Pretax Income | 374.73M |
| Net Income | 309.48M |
| EBITDA | 439.74M |
| EBIT | 354.38M |
| Earnings Per Share (EPS) | 8.46 |
Balance Sheet
MarketAxess Holdings Inc. holds 377.30M in cash and equivalents against 291.96M in total debt, resulting in a net debt position of -149.05M. Total book value stands at 1.59B, with working capital of 760.66M providing operational flexibility.
| Cash & Cash Equivalents | 377.30M |
| Total Debt | 291.96M |
| Net Debt | -149.05M |
| Equity (Book Value) | 1.59B |
| Book Value Per Share | 43.49 |
| Working Capital | 760.66M |
Cash Flow
MarketAxess Holdings Inc. produced 277.18M in operating cash flow over the past twelve months. After subtracting -6.53M in capital expenditures, free cash flow totaled 270.65M - equivalent to 7.41 per share.
| Operating Cash Flow | 277.18M |
| Capital Expenditures | -6.53M |
| Free Cash Flow | 270.65M |
| FCF Per Share | 7.41 |
Margins
MarketAxess Holdings Inc. operates with a gross margin of 59.33, reflecting its pricing power and cost economics. The operating margin of 40.68 and net profit margin of 35.53 provide insight into operational efficiency.
| Gross Margin | 59.33 |
| Operating Margin | 40.68 |
| Pretax Margin | 43.02 |
| Profit Margin | 35.53 |
| EBITDA Margin | 50.48 |
Dividends & Yields
The company's payout ratio of 36.77 indicates the proportion of earnings distributed to shareholders.
| Dividend Per Share | 3.12 |
| Dividend Yield | N/A |
| Payout Ratio | 36.77 |
| Shareholder Yield | 4.71 |
| FCF Yield | 4.70 |
Scores
MarketAxess Holdings Inc. posts an Altman Z-Score of 6.00, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.
| Altman Z-Score | 6.00 |