TMX Group Ltd

Chart & Performance

D1W1MN

P/E

30.28

P/S

9.99

EPS

1.73

Div Yield, %

1.07%

Shrs. gr., 5y

-0.27%

Rev. gr., 5y

12.59%

Revenues

1.46b

-49.62%

Net income

482m

+35.25%

CFO

623m

+18.77%

Dividend

Aug 16, 20240.19 CAD/sh

Earnings

Apr 30, 2025

Profile

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment delivers equities and index data, as well as integrated data sets for the proprietary and third party analytics to help clients in making trading and investment decisions; and provides solutions to European and global wholesale energy markets for price discovery, trade execution, post-trade transparency, and straight through processing. The Capital Formation segment operates Toronto Stock Exchange, a national stock exchange for the senior equities market; TSX Venture Exchange, a national stock exchange for the public venture equity market; and TSX Trust that provides corporate trust, registrar, transfer agency, and foreign exchange services. The Derivatives Trading & Clearing segment operates Montreal Exchange, a national derivatives exchange; Canadian Derivatives Clearing Corporation, a clearinghouse for options and futures contracts; and various over-the-counter products and fixed income repurchase agreements. The Equities and Fixed Income Trading & Clearing segment engages in the trading operations of Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange; and clearing and settlement of equities and fixed income transactions, and custody of securities; and provision of fixed income inter-dealer brokerage services. The company was formerly known as Maple Group Acquisition Corporation and changed its name to TMX Group Limited in August 2012. TMX Group Limited was incorporated in 2011 and is headquartered in Toronto, Canada.

URL

https://www.tmx.com/

IPO date

Nov 06, 2002

Employees

1,802

Domiciled in

Incorporated in

Valuation

Order:

Title CAD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CAD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	1,460,100 -49.62%	2,898,300 159.56%	1,116,600 13.86%
Cost of revenue	501,300	115,900	386,600
Unusual Expense (Income)
NOPBT	958,800	2,782,400	730,000
NOPBT Margin	65.67%	96.00%	65.38%
Operating Taxes	142,700	129,200	88,500
Tax Rate	14.88%	4.64%	12.12%
NOPAT	816,100	2,653,200	641,500
Net income	481,500 35.25%	356,000 -34.40%	542,700 60.32%
Dividends	(208,100)	(196,900)	(185,100)
Dividend yield	1.68%	2.20%	2.44%
Proceeds from repurchase of equity		(79,900)	(47,700)
BB yield		0.89%	0.63%
Debt
Debt current	235,600	617,200	274,400
Long-term debt	2,042,800	629,300	933,400
Deferred revenue	600	1,000	1,400
Other long-term liabilities	81,200	46,500	49,700
Net debt	1,826,300	564,400	699,200
Cash flow
Cash from operating activities	623,400	524,900	444,100
CAPEX	(73,700)	(65,200)	(51,900)
Cash from investing activities	(1,170,600)	(289,300)	(41,400)
Cash from financing activities	562,600	(309,200)	(292,900)
FCF	809,400	2,419,400	618,300
Balance
Cash	433,400	419,600	493,100
Long term investments	18,700	262,500	15,500
Excess cash	379,095	537,185	452,770
Stockholders' equity	4,811,400	4,310,600	5,374,800
Invested Capital	6,698,505	4,982,815	4,669,430
ROIC	13.97%	54.98%	14.32%
ROCE	12.00%	43.54%	12.17%
EV
Common stock shares outstanding	279,004	279,044	279,972
Price	44.28 38.16%	32.05 18.27%	27.10 5.65%
Market cap	12,354,276 38.14%	8,943,347 17.87%	7,587,228 4.75%
EV	14,425,276	9,721,847	9,684,928
EBITDA	1,124,400	2,894,900	843,800
EV/EBITDA	12.83	3.36	11.48
Interest	1,619,800	1,749,700	785,700
Interest/NOPBT	168.94%	62.88%	107.63%