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Interactive Brokers Group

DB:KY6
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KY6
DB
$22B
Imp Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Interactive Brokers Group, Inc. operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. The last earnings update was 12 days ago. More info.


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KY6 Share Price and Events
7 Day Returns
-2.2%
DB:KY6
1%
DE Capital Markets
-0.2%
DE Market
1 Year Returns
1.9%
DB:KY6
-8.5%
DE Capital Markets
-9.3%
DE Market
KY6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Interactive Brokers Group (KY6) -2.2% 8.7% -10.3% 1.9% 19.5% 173.1%
DE Capital Markets 1% -2.5% -5.1% -8.5% 1.4% 33.5%
DE Market -0.2% -0.8% -7.1% -9.3% 19.2% 46%
1 Year Return vs Industry and Market
  • KY6 outperformed the Capital Markets industry which returned -8.5% over the past year.
  • KY6 outperformed the Market in Germany which returned -9.3% over the past year.
Price Volatility
KY6
Industry
5yr Volatility vs Market

KY6 Value

 Is Interactive Brokers Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Interactive Brokers Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Interactive Brokers Group.

DB:KY6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $14.66 * 13.2%
$1.93
Book Value of Equity per Share Median Book Value from the past 5 years. $14.66
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:KY6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.486 (1 + (1- 21%) (20.38%))
0.824
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.824 * 9.46%)
8.34%

Discounted Cash Flow Calculation for DB:KY6 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Interactive Brokers Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:KY6 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.2% – 8.34%) * $14.66)
$0.71
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.71 / (8.34% - 0.54%)
$9.14
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $14.66 + $9.14
$23.81
DB:KY6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KY6 represents 0.88521x of IEX:IBKR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88521x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 23.81 x 0.88521
€21.07
Value per share (EUR) From above. €21.07
Current discount Discount to share price of €47.89
= -1 x (€47.89 - €21.07) / €21.07
-127.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Interactive Brokers Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Interactive Brokers Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Interactive Brokers Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KY6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $1.71
IEX:IBKR Share Price ** IEX (2018-11-16) in USD $54.1
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 17.11x
Germany Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Interactive Brokers Group.

DB:KY6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IEX:IBKR Share Price ÷ EPS (both in USD)

= 54.1 ÷ 1.71

31.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interactive Brokers Group is overvalued based on earnings compared to the DE Capital Markets industry average.
  • Interactive Brokers Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Interactive Brokers Group's expected growth come at a high price?
Raw Data
DB:KY6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 31.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
22.8%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.06x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

DB:KY6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 31.65x ÷ 22.8%

1.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interactive Brokers Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Interactive Brokers Group's assets?
Raw Data
DB:KY6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $16.55
IEX:IBKR Share Price * IEX (2018-11-16) in USD $54.1
Germany Capital Markets Industry PB Ratio Median Figure of 27 Publicly-Listed Capital Markets Companies 1.99x
Germany Market PB Ratio Median Figure of 553 Publicly-Listed Companies 1.84x
DB:KY6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IEX:IBKR Share Price ÷ Book Value per Share (both in USD)

= 54.1 ÷ 16.55

3.27x

* Primary Listing of Interactive Brokers Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interactive Brokers Group is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Interactive Brokers Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Interactive Brokers Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KY6 Future Performance

 How is Interactive Brokers Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Interactive Brokers Group expected to grow at an attractive rate?
  • Interactive Brokers Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Interactive Brokers Group's earnings growth is expected to exceed the Germany market average.
  • Interactive Brokers Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KY6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KY6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 22.8%
DB:KY6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 11.1%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 30.6%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:KY6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KY6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,360 242 4
2019-12-31 2,112 205 4
2018-12-31 1,885 173 4
DB:KY6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,893 611 124
2018-06-30 1,819 688 116
2018-03-31 1,775 564 98
2017-12-31 1,579 142 76
2017-09-30 1,417 2,725 82
2017-06-30 1,362 2,118 71
2017-03-31 1,356 1,201 75
2016-12-31 1,436 544 84
2016-09-30 1,382 212 97
2016-06-30 1,431 836 99
2016-03-31 1,441 1,067 95
2015-12-31 1,395 725 49

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Interactive Brokers Group's earnings are expected to grow significantly at over 20% yearly.
  • Interactive Brokers Group's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:KY6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Interactive Brokers Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KY6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.99 3.05 2.93 2.00
2019-12-31 2.64 2.65 2.62 2.00
2018-12-31 2.32 2.32 2.31 2.00
DB:KY6 Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 1.71
2018-06-30 1.62
2018-03-31 1.38
2017-12-31 1.09
2017-09-30 1.19
2017-06-30 1.04
2017-03-31 1.12
2016-12-31 1.27
2016-09-30 1.49
2016-06-30 1.55
2016-03-31 1.52
2015-12-31 0.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Interactive Brokers Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Interactive Brokers Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Interactive Brokers Group has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KY6 Past Performance

  How has Interactive Brokers Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Interactive Brokers Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Interactive Brokers Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Interactive Brokers Group's 1-year earnings growth exceeds its 5-year average (51.2% vs 23.6%)
  • Interactive Brokers Group's earnings growth has exceeded the DE Capital Markets industry average in the past year (51.2% vs 25.6%).
Earnings and Revenue History
Interactive Brokers Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Interactive Brokers Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KY6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,893.00 124.00 396.00
2018-06-30 1,819.00 116.00 388.00
2018-03-31 1,775.00 98.00 376.00
2017-12-31 1,579.00 76.00 359.00
2017-09-30 1,417.00 82.00 368.00
2017-06-30 1,362.00 71.00 370.00
2017-03-31 1,356.00 75.00 369.00
2016-12-31 1,436.00 84.00 361.00
2016-09-30 1,382.00 97.00 348.00
2016-06-30 1,431.00 99.00 344.00
2016-03-31 1,441.00 95.00 338.00
2015-12-31 1,395.00 49.00 338.00
2015-09-30 1,414.00 40.00 328.00
2015-06-30 1,319.00 21.00 312.00
2015-03-31 1,244.00 13.00 307.00
2014-12-31 1,228.00 45.00 301.00
2014-09-30 1,305.85 40.62 306.12
2014-06-30 1,323.27 54.07 300.85
2014-03-31 1,298.06 49.45 303.45
2013-12-31 1,159.00 37.00 295.00
2013-09-30 1,011.12 42.49 284.14
2013-06-30 1,024.30 38.54 294.66
2013-03-31 1,023.40 36.01 295.78
2012-12-31 1,150.71 41.78 329.27
2012-09-30 1,191.37 45.77 325.99
2012-06-30 1,258.29 54.93 327.70
2012-03-31 1,294.35 56.65 322.04
2011-12-31 1,358.31 60.98 312.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Interactive Brokers Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Interactive Brokers Group used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Interactive Brokers Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Interactive Brokers Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Interactive Brokers Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KY6 Health

 How is Interactive Brokers Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Interactive Brokers Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Interactive Brokers Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Interactive Brokers Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Interactive Brokers Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 13.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Interactive Brokers Group Company Filings, last reported 1 month ago.

DB:KY6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 6,903.00 4,562.00 29,887.00
2018-06-30 6,700.00 4,715.00 29,763.00
2018-03-31 6,706.00 4,251.00 28,229.00
2017-12-31 6,433.00 6,240.00 30,110.00
2017-09-30 6,312.00 4,651.00 32,986.00
2017-06-30 6,191.00 4,001.00 33,136.00
2017-03-31 6,010.00 4,638.00 33,424.00
2016-12-31 5,820.00 5,672.00 33,719.00
2016-09-30 5,870.00 4,700.00 35,556.00
2016-06-30 5,692.00 4,583.00 34,827.00
2016-03-31 5,663.00 3,512.00 33,717.00
2015-12-31 5,344.00 3,945.00 30,449.00
2015-09-30 5,282.00 4,466.00 29,939.00
2015-06-30 5,234.00 4,322.00 24,400.00
2015-03-31 5,038.00 4,337.00 24,278.00
2014-12-31 5,185.00 4,440.00 24,697.00
2014-09-30 5,192.63 4,494.18 22,926.83
2014-06-30 5,275.59 4,116.38 23,531.35
2014-03-31 5,244.21 4,432.54 23,128.61
2013-12-31 5,092.13 4,382.34 22,791.61
2013-09-30 5,072.88 4,263.92 22,505.88
2013-06-30 4,895.13 4,833.94 22,217.36
2013-03-31 4,825.94 4,687.02 22,554.42
2012-12-31 4,813.15 4,343.12 21,903.77
2012-09-30 5,154.84 5,240.62 23,000.49
2012-06-30 4,996.67 5,519.91 22,212.79
2012-03-31 4,965.20 5,726.71 22,472.52
2011-12-31 4,811.96 5,731.08 21,417.55
  • Interactive Brokers Group's level of debt (66.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (84.1% vs 66.1% today).
  • Debt is not well covered by operating cash flow (13.4%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Interactive Brokers Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Interactive Brokers Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Interactive Brokers Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KY6 Dividends

 What is Interactive Brokers Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.74%
Current annual income from Interactive Brokers Group dividends. Estimated to be 0.78% next year.
If you bought €2,000 of Interactive Brokers Group shares you are expected to receive €15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Interactive Brokers Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.55%).
  • Interactive Brokers Group's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Upcoming dividend payment

Purchase Interactive Brokers Group on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:KY6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 1.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:KY6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.44 2.00
2019-12-31 0.42 2.00
2018-12-31 0.40 2.00
DB:KY6 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-16 0.400 0.766
2018-08-08 0.400 0.686
2018-07-17 0.400 0.647
2018-01-16 0.400 0.580
2017-11-08 0.400 0.685
2017-10-17 0.400 0.767
2017-08-08 0.400 0.924
2017-07-18 0.400 1.016
2017-05-09 0.400 1.100
2017-04-18 0.400 1.140
2017-02-28 0.400 1.123
2017-01-17 0.400 1.061
2016-11-09 0.400 1.058
2016-10-18 0.400 1.195
2016-08-09 0.400 1.121
2016-07-19 0.400 1.138
2016-05-10 0.400 1.078
2016-04-19 0.400 1.038
2016-02-29 0.400 1.042
2016-01-19 0.400 1.238
2015-07-21 0.400 0.985
2015-05-11 0.400 1.011
2015-04-21 0.400 1.166
2014-10-21 0.400 1.337
2014-07-15 0.400 1.669
2014-04-15 0.400 1.721
2014-01-21 0.400 1.834
2013-10-15 0.400 1.748
2013-07-16 0.400 2.279
2013-04-16 0.400 2.539
2013-01-15 0.400 2.738
2012-10-16 0.400 2.775
2012-07-17 0.400 2.868
2012-04-19 0.400 2.751
2012-01-19 0.400 2.470
2011-10-31 0.400 2.685
2011-08-10 0.400 2.763
2011-04-21 0.400 2.496

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Interactive Brokers Group is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Interactive Brokers Group is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Interactive Brokers Group's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Interactive Brokers Group's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Interactive Brokers Group's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Interactive Brokers Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Interactive Brokers Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Interactive Brokers Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KY6 Management

 What is the CEO of Interactive Brokers Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Peterffy
COMPENSATION $800,000
AGE 73
TENURE AS CEO 12 years
CEO Bio

Mr. Thomas Peterffy Founded Interactive Brokers Canada Inc. in 2000 and serves as its Chairman, Chief Executive Officer and President. Mr. Peterffy is the Founder and serves as Chief Executive Officer at IBG LLC. He Founded Interactive Brokers Group, Inc. in 1994 and has been its Chairman and Chief Executive Officer since November 2006 and served as its President from November 2006 to October 2014. Mr. Peterffy is responsible for day-to-day management at Interactive Brokers. Mr. Peterffy is a Director at Interactive Brokers (U.K.) Ltd. He served as Computer Programmer for 10 years. He serves as Chairman of OneChicago LLC. He serves as Chairman of IBG LLC. He founded Interactive Brokers Group LLC in 1994 and has been its Director since November 2006. He has been a Member of the American Stock Exchange since 1977. Mr. Peterffy has been at the forefront of applying computer technology to automate trading and brokerage functions since he emigrated from Hungary to the United States in 1965. Mr. Peterffy was among the first to apply a computerized mathematical model to continuously value equity option prices. By 1986, Mr. Peterffy developed and employed a fully integrated, automated market making system for stocks, options and futures.

CEO Compensation
  • Thomas's compensation has been consistent with company performance over the past year.
  • Thomas's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Interactive Brokers Group management team in years:

12
Average Tenure
58
Average Age
  • The average tenure for the Interactive Brokers Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Thomas Peterffy

TITLE
Founder
COMPENSATION
$800K
AGE
73
TENURE
12 yrs

Milan Galik

TITLE
President & Director
COMPENSATION
$7M
AGE
51
TENURE
4.1 yrs

Paul Brody

TITLE
CFO, Treasurer
COMPENSATION
$5M
AGE
58
TENURE
14.9 yrs

Thomas A. Frank

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$2M
AGE
62
TENURE
19.3 yrs

Denis Mendonca

TITLE
Chief Accounting Officer & Controller
AGE
43
TENURE
2.8 yrs

Nancy Stuebe

TITLE
Director of Investor Relations
Board of Directors Tenure

Average tenure and age of the Interactive Brokers Group board of directors in years:

12
Average Tenure
59.5
Average Age
  • The average tenure for the Interactive Brokers Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Thomas Peterffy

TITLE
Founder
COMPENSATION
$800K
AGE
73
TENURE
12 yrs

Earl Nemser

TITLE
Vice Chairman
COMPENSATION
$855K
AGE
71
TENURE
12 yrs

Milan Galik

TITLE
President & Director
COMPENSATION
$7M
AGE
51
TENURE
12 yrs

Paul Brody

TITLE
CFO, Treasurer
COMPENSATION
$5M
AGE
58
TENURE
12 yrs

Lawrence Harris

TITLE
Lead Independent Director
COMPENSATION
$125K
AGE
61

Richard Gates

TITLE
Director
COMPENSATION
$100K
AGE
46
TENURE
6.6 yrs

Gary Katz

TITLE
Director
COMPENSATION
$149K
AGE
57
TENURE
1.8 yrs

Kenneth Winston

TITLE
Director
AGE
65
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Interactive Brokers Group insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Sep 18 Buy Milan Galik Individual 20. Sep 17 17. Sep 18 2,128 €61.86 €107,514
25. Jan 18 Sell Earl Nemser Individual 22. Jan 18 22. Jan 18 -32,000 €51.25 €-1,640,035
X
Management checks
We assess Interactive Brokers Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Interactive Brokers Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KY6 News

External News
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Simply Wall St News

KY6 Company Info

Map
Description

Interactive Brokers Group, Inc. operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. It offers custody, prime brokerage, securities, and margin lending services. The company provides electronic execution and clearing services. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.

Details
Name: Interactive Brokers Group, Inc.
KY6
Exchange: DB
Founded: 1977
$19,630,282,351
$3,562,649,076
413,789,257
Website: http://www.interactivebrokers.com
Address: Interactive Brokers Group, Inc.
One Pickwick Plaza,
Greenwich,
Connecticut, 06830,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IEX IBKR Class A Common Stock Investors Exchange US USD 04. May 2007
DB KY6 Class A Common Stock Deutsche Boerse AG DE EUR 04. May 2007
Number of employees
Current staff
Staff numbers
1,380
Interactive Brokers Group employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/19 08:44
End of day share price update: 2018/11/16 00:00
Last estimates confirmation: 2018/11/01
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.