TMX Group Future Growth

Future criteria checks 1/6

TMX Group's revenue is forecast to decline at 31.1% per annum while its annual earnings are expected to grow at 5.9% per year. EPS is expected to grow by 4.4% per annum. Return on equity is forecast to be 10.6% in 3 years.

Key information

5.9%

Earnings growth rate

4.4%

EPS growth rate

Capital Markets earnings growth	34.8%
Revenue growth rate	-31.1%
Future return on equity	10.6%
Analyst coverage	Good
Last updated	10 May 2024

Recent future growth updates

Recent updates

Analysts Just Made A Substantial Upgrade To Their TMX Group Limited (TSE:X) Forecasts

May 05

Here's Why I Think TMX Group (TSE:X) Is An Interesting Stock

May 02

Earnings and Revenue Growth Forecasts

TSX:X - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,583	503	630	779	2
12/31/2025	1,500	432	504	716	8
12/31/2024	1,413	416	411	610	8
3/31/2024	2,974	407	430	493	N/A
12/31/2023	2,898	356	460	525	N/A
9/30/2023	2,747	374	423	487	N/A
6/30/2023	2,558	370	426	483	N/A
3/31/2023	2,260	364	405	462	N/A
12/31/2022	1,863	543	392	444	N/A
9/30/2022	1,510	528	398	446	N/A
6/30/2022	1,223	524	400	451	N/A
3/31/2022	1,085	510	390	442	N/A
12/31/2021	1,035	339	390	441	N/A
9/30/2021	999	322	376	439	N/A
6/30/2021	982	316	362	423	N/A
3/31/2021	973	306	346	412	N/A
12/31/2020	1,026	280	345	412	N/A
9/30/2020	1,106	255	334	395	N/A
6/30/2020	1,152	247	330	390	N/A
3/31/2020	1,218	257	311	371	N/A
12/31/2019	1,160	248	286	344	N/A
9/30/2019	1,127	270	274	329	N/A
6/30/2019	1,103	266	277	333	N/A
3/31/2019	1,051	284	285	341	N/A
12/31/2018	1,029	286	288	347	N/A
9/30/2018	944	256	284	338	N/A
6/30/2018	869	246	250	301	N/A
3/31/2018	798	212	223	268	N/A
12/31/2017	747	191	N/A	277	N/A
9/30/2017	693	188	N/A	295	N/A
6/30/2017	717	180	N/A	314	N/A
3/31/2017	736	177	N/A	325	N/A
12/31/2016	745	181	N/A	314	N/A
9/30/2016	786	-15	N/A	285	N/A
6/30/2016	777	-18	N/A	271	N/A
3/31/2016	760	-49	N/A	257	N/A
12/31/2015	763	-52	N/A	250	N/A
9/30/2015	783	148	N/A	260	N/A
6/30/2015	785	151	N/A	266	N/A
3/31/2015	791	97	N/A	273	N/A
12/31/2014	794	101	N/A	254	N/A
9/30/2014	787	101	N/A	262	N/A
6/30/2014	780	81	N/A	257	N/A
3/31/2014	783	133	N/A	251	N/A
12/31/2013	774	124	N/A	295	N/A
9/30/2013	770	115	N/A	191	N/A
6/30/2013	707	111	N/A	52	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: X's forecast earnings growth (5.9% per year) is above the savings rate (2.1%).

Earnings vs Market: X's earnings (5.9% per year) are forecast to grow slower than the Canadian market (13.2% per year).

High Growth Earnings: X's earnings are forecast to grow, but not significantly.

Revenue vs Market: X's revenue is expected to decline over the next 3 years (-31.1% per year).

High Growth Revenue: X's revenue is forecast to decline over the next 3 years (-31.1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: X's Return on Equity is forecast to be low in 3 years time (10.6%).

TMX Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus revenue estimates increase by 12%

Recent updates

TMX Group Limited announced that it expects to receive CAD 300 million in funding

First quarter dividend of CA$0.19 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

TMX Group Limited Declares Dividend, Payable on May 31, 2024

TMX Group Limited's (TSE:X) P/E Is On The Mark

TMX Group Limited to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of CA$0.18 per share at 2.1% yield

TMX Group Limited announced that it expects to receive CAD 1.1 billion in funding

TMX Group Limited, Annual General Meeting, May 03, 2024

Fourth quarter dividend of CA$0.18 announced

Full year 2023 earnings: EPS misses analyst expectations

TMX Group Limited Declares Dividend, Payable on March 8, 2024

TMX Group Limited to Report Q4, 2023 Results on Feb 05, 2024

Some Confidence Is Lacking In TMX Group Limited's (TSE:X) P/E

TMX Group Limited (TSX:X) entered into an agreement to acquire remaining 78% stake in ETF Flows LLC from Aretex Capital Partners and others for $950 million.

Upcoming dividend of CA$0.18 per share at 2.5% yield

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

TMX Group Limited Declares Dividend, Payable on December 1, 2023

TMX Group Limited to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of CA$0.18 per share at 2.4% yield

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

TMX Group Limited to Report Q2, 2023 Results on Jul 27, 2023

New major risk - Share price stability

Upcoming dividend of CA$0.87 per share at 2.4% yield

TMX Group Announces Retirement of James Waddell, Vice-President, Chief Internal Auditor

TMX Group Limited Approves Appointment of Ava Yaskiel as Director

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Do TMX Group's (TSE:X) Earnings Warrant Your Attention?

TMX Group Limited (TSX:X) acquired an unknown remaining stake in SigmaLogic, Inc.

TMX Group Limited (TSX:X) acquired an unknown majority take in SigmaLogic, Inc.

Upcoming dividend of CA$0.87 per share at 2.5% yield

TMX Group's (TSE:X) Dividend Will Be Increased To CA$0.87

Full year 2022 earnings: EPS exceeds analyst expectations

TMX Group Limited, Annual General Meeting, May 02, 2023

TMX Group Limited Declares Dividend, Payable on March 10, 2023

TMX Group Limited to Report Q4, 2022 Results on Feb 06, 2023

Is Now The Time To Put TMX Group (TSE:X) On Your Watchlist?

TMX Group Limited (TSX:X) agreed to acquire Wall Street Horizon, Inc.

Upcoming dividend of CA$0.83 per share

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

TMX Group Limited Declares Dividend, Payable on November 24, 2022

TMX Group Limited to Report Q3, 2022 Results on Oct 26, 2022

Here's Why We Think TMX Group (TSE:X) Is Well Worth Watching

Upcoming dividend of CA$0.83 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

TMX Group Limited Declares Dividend, Payable on August 26, 2022

TMX Group Limited to Report Q2, 2022 Results on Jul 28, 2022

Now 20% undervalued

Upcoming dividend of CA$0.83 per share

Consensus revenue estimates increase by 12%

Chief Operating Officer exercised options and sold CA$1.2m worth of stock

Now 20% undervalued

TMX Group Announces Directors Appointments

Analysts Just Made A Substantial Upgrade To Their TMX Group Limited (TSE:X) Forecasts

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

TMX Group Limited Declares Dividend, Payable on June 3, 2022

Here's Why I Think TMX Group (TSE:X) Is An Interesting Stock

TMX Group Limited to Report Q1, 2022 Results on May 02, 2022

Now 20% undervalued

TMX Group Limited, Annual General Meeting, May 03, 2022

TMX Group Limited Declares Dividend, Payable on March 11, 2022

TMX Group Limited (TSX:X) completed the acquisition of AST Investor Services Inc. (Canada) from Armor Holdco, Inc.

TMX Group Limited Declares Dividend, Payable on June 11, 2021

TMX Group Limited, Annual General Meeting, May 12, 2021

TMX Group Limited announced that it has received CAD 250 million in funding

TMX Group Limited announced that it expects to receive CAD 250 million in funding

TMX Group Limited to Report Q4, 2020 Results on Feb 08, 2021

TMX Group Limited Appoints Cindy Bush as Chief Human Resources Officer, Effective December 7, 2020

TMX Group Limited to Report Q3, 2020 Results on Nov 04, 2020

TMX Group Limited (TSX:X) entered into an agreement to acquire AST Investor Services Inc. (Canada) from Armor Holdco, Inc. for approximately CAD 170 million.

TMX Datalinx, TMX Group Limited's Information Services Division to Provide Yahoo Finance with Real Time Market Data for Canada's Premier Equities Markets

TMX Group Limited Names John McKenzie as New Chief Executive Officer

TMX Group Limited to Report Q2, 2020 Results on Aug 05, 2020

Earnings and Revenue Growth Forecasts