TMX Group Ltd

Chart & Performance

D1W1MN

P/E

34.19

P/S

10.19

EPS

1.28

Div Yield, %

1.62%

Shrs. gr., 5y

-0.10%

Rev. gr., 5y

7.88%

Revenues

2.90b

+159.56%

Net income

356m

-34.40%

CFO

525m

+18.19%

Dividend

Aug 16, 20240.19 CAD/sh

Earnings

Feb 03, 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	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	2,898,300 159.56%	1,116,600 13.86%	980,700 13.36%
Cost of revenue	115,900	386,600	335,700
Unusual Expense (Income)
NOPBT	2,782,400	730,000	645,000
NOPBT Margin	96.00%	65.38%	65.77%
Operating Taxes	129,200	88,500	140,800
Tax Rate	4.64%	12.12%	21.83%
NOPAT	2,653,200	641,500	504,200
Net income	356,000 -34.40%	542,700 60.32%	338,500 21.02%
Dividends	(196,900)	(185,100)	(168,900)
Dividend yield	2.20%	2.44%	2.33%
Proceeds from repurchase of equity	(79,900)	(47,700)	(69,300)
BB yield	0.89%	0.63%	0.96%
Debt
Debt current	617,200	274,400	11,300
Long-term debt	629,300	933,400	1,183,000
Deferred revenue	1,000	1,400	2,700
Other long-term liabilities	46,500	49,700	41,300
Net debt	564,400	699,200	806,900
Cash flow
Cash from operating activities	524,900	444,100	441,400
CAPEX	(65,200)	(51,900)	(51,200)
Cash from investing activities	(289,300)	(41,400)	(203,900)
Cash from financing activities	(309,200)	(292,900)	(194,800)
FCF	2,419,400	618,300	505,600
Balance
Cash	419,600	493,100	341,600
Long term investments	262,500	15,500	45,800
Excess cash	537,185	452,770	338,365
Stockholders' equity	4,310,600	5,374,800	5,086,500
Invested Capital	4,982,815	4,669,430	4,292,435
ROIC	54.98%	14.32%	11.83%
ROCE	43.54%	12.17%	11.78%
EV
Common stock shares outstanding	279,044	279,972	282,375
Price	32.05 18.27%	27.10 5.65%	25.65 0.87%
Market cap	8,943,347 17.87%	7,587,228 4.75%	7,242,912 0.02%
EV	9,721,847	9,684,928	9,442,012
EBITDA	2,894,900	843,800	732,100
EV/EBITDA	3.36	11.48	12.90
Interest	1,749,700	785,700	91,500
Interest/NOPBT	62.88%	107.63%	14.19%