CME Group (BMV:CME *) Stock Valuation, Peer Comparison & Price Targets

Q: What is the Fair Price of CME * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

CME * (MX$4649) is trading above our estimate of [[fair value]] (MX$2171.2)

Share Price vs Fair Value

What is the Fair Price of CME * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CME * (MX$4649) is trading above our estimate of fair value (MX$2171.2)

Significantly Below Fair Value: CME * is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CME *?

Key metric: As CME * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CME *. This is calculated by dividing CME *'s market cap by their current earnings.
What is CME *'s PE Ratio?
PE Ratio	24.7x
Earnings	US$3.42b
Market Cap	US$84.47b

CME * key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	14.2x
Enterprise Value/EBITDA	20.4x
PEG Ratio	8x

Price to Earnings Ratio vs Peers

How does CME *'s PE Ratio compare to its peers?

The above table shows the PE ratio for CME * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	45.6x
BOLSA A Bolsa Mexicana de Valores. de	11.3x	2.3%	Mex$17.7b
ICE Intercontinental Exchange	38.1x	11.4%	US$92.1b
MCO Moody's	45.3x	9.3%	US$90.6b
LSEG London Stock Exchange Group	87.7x	21.9%	UK£59.7b
CME * CME Group	24.7x	3.1%	Mex$84.5b

Price-To-Earnings vs Peers: CME * is good value based on its Price-To-Earnings Ratio (24.7x) compared to the peer average (45.4x).

Price to Earnings Ratio vs Industry

How does CME *'s PE Ratio compare vs other companies in the South American Capital Markets Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: CME * is expensive based on its Price-To-Earnings Ratio (24.7x) compared to the South American Capital Markets industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is CME *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CME * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	24.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CME *'s Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CME * forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	Mex$4,649.00	Mex$4,888.08 +5.1%	9.0%	Mex$5,695.86	Mex$3,748.91	n/a	16
Nov ’25	Mex$4,565.00	Mex$4,713.24 +3.2%	9.3%	Mex$5,508.17	Mex$3,625.38	n/a	16
Oct ’25	Mex$4,247.50	Mex$4,291.98 +1.0%	8.9%	Mex$4,922.00	Mex$3,484.78	n/a	16
Sep ’25	Mex$4,180.50	Mex$4,168.28 -0.3%	8.0%	Mex$4,769.20	Mex$3,643.67	n/a	14
Aug ’25	Mex$3,710.80	Mex$4,020.44 +8.3%	8.3%	Mex$4,610.60	Mex$3,522.50	n/a	14
Jul ’25	Mex$3,459.35	Mex$4,110.15 +18.8%	9.5%	Mex$4,591.33	Mex$3,434.31	n/a	15
Jun ’25	n/a	Mex$3,792.13 0%	8.1%	Mex$4,196.08	Mex$3,138.66	n/a	15
May ’25	n/a	Mex$3,894.30 0%	8.0%	Mex$4,302.78	Mex$3,218.48	n/a	15
Apr ’25	Mex$3,509.00	Mex$3,752.07 +6.9%	8.9%	Mex$4,157.88	Mex$3,076.83	n/a	15
Mar ’25	n/a	Mex$3,848.07 0%	8.8%	Mex$4,263.00	Mex$3,154.62	n/a	15
Feb ’25	Mex$3,548.00	Mex$3,741.60 +5.5%	9.5%	Mex$4,216.05	Mex$3,035.56	n/a	15
Jan ’25	n/a	Mex$3,856.16 0%	8.4%	Mex$4,228.08	Mex$3,044.21	n/a	15
Dec ’24	Mex$3,707.50	Mex$4,002.93 +8.0%	8.5%	Mex$4,398.18	Mex$3,166.69	n/a	15
Nov ’24	n/a	Mex$4,050.52 0%	8.5%	Mex$4,453.08	Mex$3,206.21	Mex$4,565.00	15
Oct ’24	n/a	Mex$3,746.78 0%	8.6%	Mex$4,392.48	Mex$3,039.59	Mex$4,247.50	14
Sep ’24	n/a	Mex$3,605.87 0%	10.4%	Mex$4,282.50	Mex$2,860.71	Mex$4,180.50	14
Aug ’24	Mex$3,284.00	Mex$3,607.50 +9.9%	10.8%	Mex$4,293.08	Mex$2,822.62	Mex$3,710.80	16
Jul ’24	n/a	Mex$3,525.87 0%	11.0%	Mex$4,269.30	Mex$2,732.35	Mex$3,459.35	15
Jun ’24	n/a	Mex$3,636.52 0%	11.5%	Mex$4,425.53	Mex$2,832.34	n/a	14
May ’24	n/a	Mex$3,714.82 0%	11.4%	Mex$4,511.40	Mex$2,887.30	n/a	14
Apr ’24	n/a	Mex$3,750.08 0%	11.0%	Mex$4,556.60	Mex$2,916.22	Mex$3,509.00	16
Mar ’24	n/a	Mex$3,795.68 0%	11.3%	Mex$4,628.88	Mex$2,962.48	n/a	16
Feb ’24	Mex$3,270.30	Mex$3,792.53 +16.0%	11.7%	Mex$4,706.10	Mex$2,993.08	Mex$3,548.00	16
Jan ’24	Mex$3,270.30	Mex$4,040.06 +23.5%	10.8%	Mex$4,866.45	Mex$3,133.99	n/a	17
Dec ’23	n/a	Mex$4,065.15 0%	11.9%	Mex$5,242.78	Mex$3,126.25	Mex$3,707.50	17
Nov ’23	n/a	Mex$4,151.42 0%	12.0%	Mex$5,345.03	Mex$3,187.22	n/a	17

Analyst Forecast: Target price is less than 20% higher than the current share price.

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CME Group Valuation