MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. More Details
Excellent balance sheet with acceptable 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: MKTX's weekly volatility (3%) has been stable over the past year.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: MKTX underperformed the US Capital Markets industry which returned 61.9% over the past year.
Return vs Market: MKTX underperformed the US Market which returned 33.8% over the past year.
Long-Term 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 StMarketAxess Holdings Inc. (NASDAQ:MKTX) insiders sold US$6.4m worth of stock, possibly signalling a downtrend
1 month ago | Simply Wall StHere's Why I Think MarketAxess Holdings (NASDAQ:MKTX) Might Deserve Your Attention Today
2 months ago | Simply Wall StIf You Had Bought MarketAxess Holdings (NASDAQ:MKTX) Shares Five Years Ago You'd Have Earned 227% Returns
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 ($426) is trading above our estimate of fair value ($197)
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 (56.1x) compared to the US Capital Markets industry average (15.2x).
PE vs Market: MKTX is poor value based on its PE Ratio (56.1x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: MKTX is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: MKTX is good value based on its PB Ratio (15.8x) compared to the US Capital Markets industry average (61x).
How is MarketAxess Holdings forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MKTX's forecast earnings growth (12.8% per year) is above the savings rate (2%).
Earnings vs Market: MKTX's earnings (12.8% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: MKTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: MKTX's revenue (10.8% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: MKTX's revenue (10.8% 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 (27.4%)
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 (40.8%) are lower than last year (42.7%).
Past Earnings Growth Analysis
Earnings Trend: MKTX's earnings have grown significantly by 20.1% per year over the past 5 years.
Accelerating Growth: MKTX's earnings growth over the past year (9.7%) is below its 5-year average (20.1% per year).
Earnings vs Industry: MKTX earnings growth over the past year (9.7%) underperformed the Capital Markets industry 77.4%.
Return on Equity
High ROE: MKTX's Return on Equity (28.2%) is considered high.
How is MarketAxess Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: MKTX's short term assets ($1.1B) exceed its short term liabilities ($115.3M).
Long Term Liabilities: MKTX's short term assets ($1.1B) exceed its long term liabilities ($400.8M).
Debt to Equity History and Analysis
Debt Level: MKTX's debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if MKTX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MKTX's debt is well covered by operating cash flow (25283.4%).
Interest Coverage: MKTX's interest payments on its debt are well covered by EBIT (448.9x coverage).
What is MarketAxess Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MKTX's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: MKTX's dividend (0.62%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: MKTX is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: MKTX is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: MKTX is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MKTX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rick McVey (61 yo)
Mr. Richard Mitchell McVey, also known as Rick, founded MarketAxess Holdings Inc. in April 11, 2000 and has been its Chairman and Chief Executive Officer since its inception. Mr. McVey also serves Chairman...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD6.14M) is below average for companies of similar size in the US market ($USD11.33M).
Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.
Experienced Management: MKTX's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: MKTX's board of directors are considered experienced (4.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MKTX insiders have only sold shares 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$16.188b
- Shares outstanding: 38.00m
- Website: https://www.marketaxess.com
Number of Employees
- MarketAxess Holdings Inc.
- 55 Hudson Yards
- 15th Floor
- New York
- New York
- United States
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. It offers the access to global liquidity in...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/19 22:04|
|End of Day Share Price||2021/09/17 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.