MarketAxess Holdings Inc. Logo

MarketAxess Holdings Inc.

MKTX

(3.2)
Stock Price

261,65 USD

17% ROA

20.43% ROE

39.63x PER

Market Cap.

10.415.399.280,00 USD

12.14% DER

0.8% Yield

33.69% NPM

MarketAxess Holdings Inc. Stock Analysis

MarketAxess Holdings Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

MarketAxess Holdings Inc. Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE exceeds expectations (22.98%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

2 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

3 DER

The stock has a low debt to equity ratio (14%), which means it has a small amount of debt compared to the ownership it holds

4 Assets Growth

With a track record of consistent revenue growth in the past five years, this company presents a compelling opportunity.

5 Dividend Growth

With a history of consistent dividend increases over the last five years, the company has proven to be a reliable choice for investors seeking steady income.

6 Dividend

Investors can trust the company's impressive dividend track record, consistently distributing dividends over the past five years, showcasing a strong commitment to rewarding shareholders.

7 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock appears undervalued (690), presenting an attractive investment chance with its intrinsic value surpassing the current market price.

8 PBV

The stock's elevated P/BV ratio (7.34x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

9 Revenue Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

10 Net Profit Growth

Throughout the last five years, this company's net profit has remained unchanged, indicating a lack of growth and making it a less favorable investment option.

11 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

MarketAxess Holdings Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

MarketAxess Holdings Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

MarketAxess Holdings Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

MarketAxess Holdings Inc. Revenue
Year Revenue Growth
2001 6.598.000
2002 18.701.542 64.72%
2003 58.460.465 68.01%
2004 75.797.000 22.87%
2005 78.560.000 3.52%
2006 83.316.000 5.71%
2007 93.643.000 11.03%
2008 93.085.000 -0.6%
2009 114.439.000 18.66%
2010 146.228.000 21.74%
2011 181.099.000 19.26%
2012 198.204.000 8.63%
2013 238.733.000 16.98%
2014 262.774.000 9.15%
2015 303.098.000 13.3%
2016 369.919.000 18.06%
2017 397.471.000 6.93%
2018 435.565.000 8.75%
2019 511.352.000 14.82%
2020 689.125.000 25.8%
2021 698.951.000 1.41%
2022 718.300.000 2.69%
2023 689.136.000 -4.23%
2023 750.898.000 8.23%
2024 788.992.000 4.83%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

MarketAxess Holdings Inc. Research and Development Expenses
Year Research and Development Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 0 0%
2022 6.700.000 100%
2023 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

MarketAxess Holdings Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
2001 6.153.000
2002 24.290.359 74.67%
2003 39.873.246 39.08%
2004 4.263.000 -835.33%
2005 6.618.000 35.58%
2006 16.433.000 59.73%
2007 13.528.000 -21.47%
2008 6.408.000 -111.11%
2009 74.718.000 91.42%
2010 10.962.000 -581.61%
2011 90.703.000 87.91%
2012 37.454.000 -142.17%
2013 48.292.000 22.44%
2014 46.095.000 -4.77%
2015 46.652.000 1.19%
2016 54.760.000 14.81%
2017 58.119.000 5.78%
2018 70.916.000 18.05%
2019 79.661.000 10.98%
2020 92.518.000 13.9%
2021 112.220.000 17.56%
2022 120.234.000 6.67%
2023 118.696.000 -1.3%
2023 131.994.000 10.07%
2024 136.172.000 3.07%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

MarketAxess Holdings Inc. EBITDA
Year EBITDA Growth
2001 -59.969.000
2002 53.428.920 212.24%
2003 9.089.737 -487.79%
2004 20.784.000 56.27%
2005 16.167.000 -28.56%
2006 15.332.000 -5.45%
2007 24.421.000 37.22%
2008 20.713.000 -17.9%
2009 36.839.000 43.77%
2010 57.260.000 35.66%
2011 85.514.000 33.04%
2012 94.919.000 9.91%
2013 121.403.000 21.81%
2014 135.915.000 10.68%
2015 166.442.000 18.34%
2016 209.440.000 20.53%
2017 221.042.000 5.25%
2018 229.552.000 3.71%
2019 269.676.000 14.88%
2020 409.051.000 34.07%
2021 387.811.000 -5.48%
2022 400.434.000 3.15%
2023 357.872.000 -11.89%
2023 395.099.000 9.42%
2024 407.348.000 3.01%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

MarketAxess Holdings Inc. Gross Profit
Year Gross Profit Growth
2001 6.598.000
2002 18.701.542 64.72%
2003 58.460.465 68.01%
2004 36.249.000 -61.27%
2005 34.671.000 -4.55%
2006 33.534.000 -3.39%
2007 39.854.000 15.86%
2008 38.073.000 -4.68%
2009 52.600.000 27.62%
2010 71.297.000 26.22%
2011 122.313.000 41.71%
2012 137.843.000 11.27%
2013 174.327.000 20.93%
2014 187.779.000 7.16%
2015 219.242.000 14.35%
2016 273.134.000 19.73%
2017 294.720.000 7.32%
2018 326.448.000 9.72%
2019 380.273.000 14.15%
2020 532.240.000 28.55%
2021 528.035.000 -0.8%
2022 536.196.000 1.52%
2023 493.648.000 -8.62%
2023 600.538.000 17.8%
2024 627.996.000 4.37%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

MarketAxess Holdings Inc. Net Profit
Year Net Profit Growth
2001 -65.096.000
2002 -36.075.238 -80.45%
2003 4.212.648 956.36%
2004 58.646.000 92.82%
2005 8.142.000 -620.29%
2006 5.421.000 -50.19%
2007 10.320.000 47.47%
2008 7.899.000 -30.65%
2009 16.102.000 50.94%
2010 31.428.000 48.77%
2011 47.704.000 34.12%
2012 60.069.000 20.58%
2013 76.016.000 20.98%
2014 74.806.000 -1.62%
2015 96.037.000 22.11%
2016 126.172.000 23.88%
2017 148.089.000 14.8%
2018 172.852.000 14.33%
2019 204.902.000 15.64%
2020 299.377.000 31.56%
2021 257.888.000 -16.09%
2022 250.224.000 -3.06%
2023 219.764.000 -13.86%
2023 258.055.000 14.84%
2024 259.752.000 0.65%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

MarketAxess Holdings Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2001 -21
2002 -11 -110%
2003 -2 -400%
2004 7 133.33%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 1 0%
2011 1 100%
2012 2 0%
2013 2 50%
2014 2 0%
2015 3 0%
2016 3 33.33%
2017 4 25%
2018 5 0%
2019 6 20%
2020 8 37.5%
2021 7 -33.33%
2022 7 0%
2023 6 -20%
2023 7 16.67%
2024 7 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

MarketAxess Holdings Inc. Free Cashflow
Year Free Cashflow Growth
2002 -18.686.928
2003 12.439.490 250.22%
2004 9.996.000 -24.44%
2005 10.741.000 6.94%
2006 7.653.000 -40.35%
2007 22.684.000 66.26%
2008 23.592.000 3.85%
2009 36.529.000 35.42%
2010 57.037.000 35.96%
2011 58.253.000 2.09%
2012 71.222.000 18.21%
2013 67.597.000 -5.36%
2014 95.165.000 28.97%
2015 104.812.000 9.2%
2016 61.786.000 -69.64%
2017 142.478.000 56.63%
2018 176.324.000 19.2%
2019 231.235.000 23.75%
2020 358.861.000 35.56%
2021 231.475.000 -55.03%
2022 237.359.000 2.48%
2023 307.670.000 22.85%
2023 63.091.000 -387.66%
2024 91.760.000 31.24%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

MarketAxess Holdings Inc. Operating Cashflow
Year Operating Cashflow Growth
2002 -17.627.835
2003 17.160.880 202.72%
2004 20.372.000 15.76%
2005 16.908.000 -20.49%
2006 17.101.000 1.13%
2007 29.120.000 41.27%
2008 27.634.000 -5.38%
2009 43.327.000 36.22%
2010 64.146.000 32.46%
2011 65.478.000 2.03%
2012 81.582.000 19.74%
2013 90.879.000 10.23%
2014 109.952.000 17.35%
2015 120.196.000 8.52%
2016 80.289.000 -49.7%
2017 168.035.000 52.22%
2018 223.917.000 24.96%
2019 265.935.000 15.8%
2020 404.489.000 34.25%
2021 282.091.000 -43.39%
2022 289.231.000 2.47%
2023 360.118.000 19.68%
2023 79.161.000 -354.92%
2024 109.951.000 28%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

MarketAxess Holdings Inc. Capital Expenditure
Year Capital Expenditure Growth
2002 1.059.093
2003 4.721.390 77.57%
2004 10.376.000 54.5%
2005 6.167.000 -68.25%
2006 9.448.000 34.73%
2007 6.436.000 -46.8%
2008 4.042.000 -59.23%
2009 6.798.000 40.54%
2010 7.109.000 4.37%
2011 7.225.000 1.61%
2012 10.360.000 30.26%
2013 23.282.000 55.5%
2014 14.787.000 -57.45%
2015 15.384.000 3.88%
2016 18.503.000 16.86%
2017 25.557.000 27.6%
2018 47.593.000 46.3%
2019 34.700.000 -37.16%
2020 45.628.000 23.95%
2021 50.616.000 9.85%
2022 51.872.000 2.42%
2023 52.448.000 1.1%
2023 16.070.000 -226.37%
2024 18.191.000 11.66%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

MarketAxess Holdings Inc. Equity
Year Equity Growth
2001 -82.741.000
2002 4.837.220 1810.51%
2003 -120.270.106 104.02%
2004 156.277.000 176.96%
2005 170.864.000 8.54%
2006 185.285.000 7.78%
2007 174.397.000 -6.24%
2008 194.493.000 10.33%
2009 216.502.000 10.17%
2010 234.476.000 7.67%
2011 312.439.000 24.95%
2012 242.717.000 -28.73%
2013 310.362.000 21.8%
2014 334.208.000 7.14%
2015 390.713.000 14.46%
2016 298.670.000 -30.82%
2017 346.554.000 13.82%
2018 361.556.000 4.15%
2019 593.858.000 39.12%
2020 537.756.000 -10.43%
2021 572.840.000 6.12%
2022 682.076.000 16.02%
2023 865.511.000 21.19%
2023 1.190.978.000 27.33%
2024 1.329.221.000 10.4%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

MarketAxess Holdings Inc. Assets
Year Assets Growth
2001 56.042.000
2002 39.436.744 -42.11%
2003 57.182.584 31.03%
2004 176.705.000 67.64%
2005 190.462.000 7.22%
2006 204.278.000 6.76%
2007 198.366.000 -2.98%
2008 246.428.000 19.5%
2009 277.286.000 11.13%
2010 299.521.000 7.42%
2011 349.458.000 14.29%
2012 279.841.000 -24.88%
2013 351.578.000 20.4%
2014 379.884.000 7.45%
2015 439.041.000 13.47%
2016 528.042.000 16.85%
2017 581.232.000 9.15%
2018 695.539.000 16.43%
2019 954.930.000 27.16%
2020 1.331.429.000 28.28%
2021 1.530.452.000 13%
2022 1.607.775.000 4.81%
2023 2.015.067.000 20.21%
2023 1.737.512.000 -15.97%
2024 1.886.713.000 7.91%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

MarketAxess Holdings Inc. Liabilities
Year Liabilities Growth
2001 0
2002 34.599.524 100%
2003 177.452.690 80.5%
2004 20.428.000 -768.67%
2005 19.598.000 -4.24%
2006 18.993.000 -3.19%
2007 23.969.000 20.76%
2008 51.935.000 53.85%
2009 60.784.000 14.56%
2010 65.045.000 6.55%
2011 37.019.000 -75.71%
2012 37.124.000 0.28%
2013 41.216.000 9.93%
2014 45.676.000 9.76%
2015 48.328.000 5.49%
2016 60.029.000 19.49%
2017 66.464.000 9.68%
2018 87.661.000 24.18%
2019 184.839.000 52.57%
2020 376.368.000 50.89%
2021 489.143.000 23.06%
2022 526.682.000 7.13%
2023 722.104.000 27.06%
2023 546.534.000 -32.12%
2024 557.492.000 1.97%

MarketAxess Holdings Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
20.66
Net Income per Share
6.96
Price to Earning Ratio
39.63x
Price To Sales Ratio
13.39x
POCF Ratio
31.68
PFCF Ratio
39.28
Price to Book Ratio
7.82
EV to Sales
12.88
EV Over EBITDA
25.1
EV to Operating CashFlow
30.55
EV to FreeCashFlow
37.79
Earnings Yield
0.03
FreeCashFlow Yield
0.03
Market Cap
10,42 Bil.
Enterprise Value
10,02 Bil.
Graham Number
74.36
Graham NetNet
10.26

Income Statement Metrics

Net Income per Share
6.96
Income Quality
1.25
ROE
0.2
Return On Assets
0.14
Return On Capital Employed
0.22
Net Income per EBT
0.77
EBT Per Ebit
1.07
Ebit per Revenue
0.41
Effective Tax Rate
0.23

Margins

Sales, General, & Administrative to Revenue
0.14
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.04
Gross Profit Margin
0.78
Operating Profit Margin
0.41
Pretax Profit Margin
0.44
Net Profit Margin
0.34

Dividends

Dividend Yield
0.01
Dividend Yield %
0.8
Payout Ratio
0.43
Dividend Per Share
2.22

Operating Metrics

Operating Cashflow per Share
8.71
Free CashFlow per Share
7.04
Capex to Operating CashFlow
0.19
Capex to Revenue
0.08
Capex to Depreciation
0.78
Return on Invested Capital
0.16
Return on Tangible Assets
0.17
Days Sales Outstanding
314.52
Days Payables Outstanding
77.72
Days of Inventory on Hand
-212.88
Receivables Turnover
1.16
Payables Turnover
4.7
Inventory Turnover
-1.71
Capex per Share
1.67

Balance Sheet

Cash per Share
13,04
Book Value per Share
35,30
Tangible Book Value per Share
26.13
Shareholders Equity per Share
35.3
Interest Debt per Share
4.36
Debt to Equity
0.12
Debt to Assets
0.09
Net Debt to EBITDA
-0.99
Current Ratio
2.89
Tangible Asset Value
0,98 Bil.
Net Current Asset Value
0,69 Bil.
Invested Capital
1330167000
Working Capital
0,82 Bil.
Intangibles to Total Assets
0.18
Average Receivables
0,72 Bil.
Average Payables
0,03 Bil.
Average Inventory
-99476999.5
Debt to Market Cap
0.02

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

MarketAxess Holdings Inc. Dividends
Year Dividends Growth
2009 0
2010 0 0%
2011 0 0%
2012 0 0%
2013 1 0%
2014 1 0%
2015 1 0%
2016 1 100%
2017 1 0%
2018 2 0%
2019 2 50%
2020 2 0%
2021 3 0%
2022 3 0%
2023 2 0%
2024 2 0%

MarketAxess Holdings Inc. Profile

About MarketAxess Holdings Inc.

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. It offers the access to liquidity in the U.S. investment-grade bonds, U.S. high-yield bonds, and U.S. Treasuries, as well as municipal bonds, emerging market debts, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company provides various pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.

CEO
Mr. Christopher Robert Concann
Employee
864
Address
55 Hudson Yards
New York, 10001

MarketAxess Holdings Inc. Executives & BODs

MarketAxess Holdings Inc. Executives & BODs
# Name Age
1 Mr. Christopher Robert Concannon
Chief Executive Officer & Director
70
2 Mr. Michael R. Cianciulli
Head of External Reporting & Interim Principal Accounting Officer
70
3 Mr. Christophe Pierre Daniel Roupie
Head of EMEA & APAC
70
4 Ms. Julie Sheffet
Chief Human Resources Officer
70
5 Mr. Kevin M. McPherson
Chief Revenue Officer
70
6 Mr. Scott Pintoff
General Counsel & Corporate Secretary
70
7 Mr. Naineshkumar Shantilal Panchal
Chief Information Officer
70
8 Ms. Ilene Fiszel Bieler
Chief Financial Officer
70
9 Mr. Stephen C. Davidson
Head of Investor Relations
70
10 Mr. Richard Mitchell McVey
Founder & Executive Chairman
70

MarketAxess Holdings Inc. Competitors