TW Stock Overview
Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally.
Tradeweb Markets Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$91.00|
|52 Week High||US$102.33|
|52 Week Low||US$59.35|
|1 Month Change||-3.24%|
|3 Month Change||7.62%|
|1 Year Change||39.17%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||154.12%|
Recent News & Updates
|TW||US Capital Markets||US Market|
Return vs Industry: TW exceeded the US Capital Markets industry which returned 25.7% over the past year.
Return vs Market: TW exceeded the US Market which returned 10.2% over the past year.
|TW Average Weekly Movement||3.2%|
|Capital Markets Industry Average Movement||0.7%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: TW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: TW's weekly volatility (3%) has been stable over the past year.
About the Company
Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company’s marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services.
Tradeweb Markets Fundamentals Summary
|TW fundamental statistics|
Is TW overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TW income statement (TTM)|
|Cost of Revenue||US$55.35m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 03, 2022
|Earnings per share (EPS)||1.00|
|Net Profit Margin||22.60%|
How did TW perform over the long term?See historical performance and comparison
0.4%Current Dividend Yield
Is Tradeweb Markets 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: TW ($91) is trading above our estimate of fair value ($43.48)
Significantly Below Fair Value: TW is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TW is poor value based on its PE Ratio (90.8x) compared to the US Capital Markets industry average (15.5x).
PE vs Market: TW is poor value based on its PE Ratio (90.8x) compared to the US market (17x).
Price to Earnings Growth Ratio
PEG Ratio: TW is poor value based on its PEG Ratio (6.9x)
Price to Book Ratio
PB vs Industry: TW is good value based on its PB Ratio (4.6x) compared to the US Capital Markets industry average (42.2x).
How is Tradeweb Markets forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TW's forecast earnings growth (13.1% per year) is above the savings rate (2%).
Earnings vs Market: TW's earnings (13.1% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: TW's earnings are forecast to grow, but not significantly.
Revenue vs Market: TW's revenue (8.9% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: TW's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TW's Return on Equity is forecast to be low in 3 years time (9.5%).
How has Tradeweb Markets performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TW has high quality earnings.
Growing Profit Margin: TW's current net profit margins (22.6%) are higher than last year (17.8%).
Past Earnings Growth Analysis
Earnings Trend: TW's earnings have grown by 19.5% per year over the past 5 years.
Accelerating Growth: TW's earnings growth over the past year (52.7%) exceeds its 5-year average (19.5% per year).
Earnings vs Industry: TW earnings growth over the past year (52.7%) underperformed the Capital Markets industry 86.4%.
Return on Equity
High ROE: TW's Return on Equity (5.3%) is considered low.
How is Tradeweb Markets's financial position?
Financial Position Analysis
Short Term Liabilities: TW's short term assets ($1.0B) exceed its short term liabilities ($188.9M).
Long Term Liabilities: TW's short term assets ($1.0B) exceed its long term liabilities ($499.3M).
Debt to Equity History and Analysis
Debt Level: TW is debt free.
Reducing Debt: TW had no debt 5 years ago.
Debt Coverage: TW has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TW has no debt, therefore coverage of interest payments is not a concern.
What is Tradeweb Markets's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TW's dividend (0.35%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: TW's dividend (0.35%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: TW is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: TW is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: TW is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TW's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lee Olesky (59 yo)
Mr. Lee Olesky co-founded Tradeweb Markets LLC and serves as its Chief Executive Officer since September 2008. He is Chief Executive Officer and Director of Tradeweb Markets Inc. since November 7, 2018. He...
CEO Compensation Analysis
Compensation vs Market: Lee's total compensation ($USD12.31M) is about average for companies of similar size in the US market ($USD11.29M).
Compensation vs Earnings: Lee's compensation has been consistent with company performance over the past year.
Experienced Management: TW's management team is considered experienced (3 years average tenure).
Experienced Board: TW's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
Tradeweb Markets Inc.'s employee growth, exchange listings and data sources
- Name: Tradeweb Markets Inc.
- Ticker: TW
- Exchange: NasdaqGS
- Founded: 1996
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Implied Market Cap: US$21.167b
- Market Cap: US$18.388b
- Shares outstanding: 232.59m
- Website: https://www.tradeweb.com
Number of Employees
- Tradeweb Markets Inc.
- 1177 Avenue of the Americas
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/19 23:40|
|End of Day Share Price||2022/01/19 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.