MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide.
No risks detected for MKTX from our risk checks.
Flawless balance sheet with outstanding track record.
Share Price & News
How has MarketAxess Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MKTX has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: MKTX exceeded the US Capital Markets industry which returned 6.3% over the past year.
Return vs Market: MKTX exceeded the US Market which returned 15.4% over the past year.
Price Volatility Vs. Market
How volatile is MarketAxess Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StDoes MarketAxess Holdings (NASDAQ:MKTX) Deserve A Spot On Your Watchlist?
2 months ago | Simply Wall StDid You Participate In Any Of MarketAxess Holdings' (NASDAQ:MKTX) Incredible 456% Return?
3 months ago | Simply Wall StHave MarketAxess Holdings Inc. (NASDAQ:MKTX) Insiders Been Selling Their Stock?
Is MarketAxess Holdings undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MKTX ($503.65) is trading above our estimate of fair value ($161.07)
Significantly Below Fair Value: MKTX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MKTX is poor value based on its PE Ratio (71.3x) compared to the US Capital Markets industry average (28.2x).
PE vs Market: MKTX is poor value based on its PE Ratio (71.3x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: MKTX is poor value based on its PEG Ratio (7.1x)
Price to Book Ratio
PB vs Industry: MKTX is overvalued based on its PB Ratio (22.4x) compared to the US Capital Markets industry average (8.7x).
How is MarketAxess Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MKTX's forecast earnings growth (10.1% per year) is above the savings rate (2.2%).
Earnings vs Market: MKTX's earnings (10.1% per year) are forecast to grow slower than the US market (22.6% per year).
High Growth Earnings: MKTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MKTX's revenue (9.9% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: MKTX's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MKTX's Return on Equity is forecast to be high in 3 years time (29.6%)
How has MarketAxess Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MKTX has high quality earnings.
Growing Profit Margin: MKTX's current net profit margins (42.7%) are higher than last year (39.9%).
Past Earnings Growth Analysis
Earnings Trend: MKTX's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: MKTX's earnings growth over the past year (42%) exceeds its 5-year average (18.9% per year).
Earnings vs Industry: MKTX earnings growth over the past year (42%) exceeded the Capital Markets industry 16.6%.
Return on Equity
High ROE: MKTX's Return on Equity (30.8%) is considered high.
How is MarketAxess Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: MKTX's short term assets ($573.7M) exceed its short term liabilities ($92.3M).
Long Term Liabilities: MKTX's short term assets ($573.7M) exceed its long term liabilities ($93.5M).
Debt to Equity History and Analysis
Debt Level: MKTX is debt free.
Reducing Debt: MKTX has not had any debt for past 5 years.
Debt Coverage: MKTX has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MKTX has no debt, therefore coverage of interest payments is not a concern.
What is MarketAxess Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MKTX's dividend (0.48%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: MKTX's dividend (0.48%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Stability and Growth of Payments
Stable Dividend: MKTX is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: MKTX is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MKTX is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MKTX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rick McVey (60 yo)
Mr. Richard Mitchell McVey, also known as Rick, founded MarketAxess Holdings Inc. in April 11, 2000 and has been its Chairman and Chief Executive Officer since its inception. Mr. McVey also serves Chairman ...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD3.22M) is below average for companies of similar size in the US market ($USD11.29M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
|Chairman & CEO||20.33yrs||US$3.22m||2.63% |
|Chief Financial Officer||10.42yrs||US$1.57m||0.089% |
|Chief Information Officer||15.42yrs||US$1.92m||0.084% |
|Global Head of Sales||6.17yrs||US$1.75m||0.22% |
|Chief Technology Officer||1.33yrs||no data||no data|
|Investor Relations Manager||no data||no data||no data|
|General Counsel & Corporate Secretary||6.5yrs||no data||0.021% |
|Global Head of Marketing & Communications||4.25yrs||no data||no data|
|Head of Human Resources||18.5yrs||no data||no data|
|Head of Open Trading||18.42yrs||no data||no data|
|Global Head of Operations Services||20.33yrs||US$944.00k||no data|
Experienced Management: MKTX's management team is seasoned and experienced (10.4 years average tenure).
|Chairman & CEO||20.33yrs||US$3.22m||2.63% |
|Independent Director||6.75yrs||US$219.41k||0.015% |
|Lead Independent Director||8.58yrs||US$252.15k||0.14% |
|Independent Director||1.33yrs||US$197.33k||0.00097% |
|Independent Director||3.33yrs||US$199.48k||0.0046% |
|Independent Director||1.08yrs||US$142.90k||0.0040% |
|Independent Director||20.33yrs||US$221.98k||0.059% |
|Independent Director||8.33yrs||US$200.91k||0.021% |
|Independent Director||0.83yr||US$93.37k||0.00055% |
|Independent Director||2.83yrs||US$206.63k||0.0039% |
|Independent Director||6.83yrs||US$218.23k||0.015% |
Experienced Board: MKTX's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MarketAxess Holdings Inc.'s company bio, employee growth, exchange listings and data sources
- Name: MarketAxess Holdings Inc.
- Ticker: MKTX
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: US$19.124b
- Shares outstanding: 37.97m
- Website: https://www.marketaxess.com
Number of Employees
- MarketAxess Holdings Inc.
- 55 Hudson Yards
- Floor 15
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MKTX||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock Voting||US||USD||Nov 2004|
|MWI||DB (Deutsche Boerse AG)||Yes||Common Stock Voting||DE||EUR||Nov 2004|
|MKTX *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock Voting||MX||MXN||Nov 2004|
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income ins ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/07 00:19|
|End of Day Share Price||2020/08/06 00:00|
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.