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MarketAxess Holdings, Inc. (MKTX)

NEUTRAL
Financial ServicesCapital MarketsUnited States

Fundamental

65

Precio

$162.48

Capitalización Bursátil

$5.71B

Parte 1 · Cuánto vale la empresa

Resumen

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. government bonds, and other fixed-income securities; and executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds through its Open Trading protocols. It also provides automated and algorithmic trading solutions, such as X-Pro, a trading platform to combine trading protocols with its proprietary data and pre-trade analytics; and integrated and actionable data offerings, including CP+ and Axess All, a real-time pricing engine, including Auto-X and portfolio trading. In addition, the company offers various pre-and post-trade services, such as processing, trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. The company was incorporated in 2000 and is headquartered in New York, New York.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance y Liquidez

Ingresos

$870M

Últimos 12 meses (hasta 30/6/2026)

Beneficio Neto

$306M

Últimos 12 meses (hasta 30/6/2026)

Flujo de Caja Libre

$374M

Patrimonio Neto Total

$1.15B

Pasivo Total

$777M

Ratio de Liquidez

2.19

Cobertura de Intereses

59.88

Deuda/EBITDA

0.43

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

Valoración Justa

Valor Justo

$149.76

Precio Actual

$162.48

Margen de Seguridad

-8.5%

Rango de Valor Justo

$115.95 - $183.58

Métodos de Estimación

Analyst Target:$158.00
DCF:$172.73
PE-based:$164.92
Graham Growth:$63.28
EPV:$88.92
Consenso de Analistas:Comprar (8B / 10H / 0S)
Última Sorpresa de Resultados:+3.16%

Métricas de Valoración

Ratio P/E

19.20

ROE

21.5%

Ratio P/B

4.61

P/FCF

29.43

Margen Bruto

-

ROIC

-

Radar de Rentabilidad

Value Creation (Economic Moat)

ROIC

-

WACC

8.6%

ROIC − WACC

-

Criterios de Análisis Fundamental

Superado (14)

  • EPS shows upward trend
  • EPS CAGR 18.83%
  • P/FCF 29.43
  • Debt/Equity ratio
  • Operating Margin 40.5%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 24.7%
  • Earnings Surprise avg 15.3%
  • Share Dilution -1.4%
  • Net Margin Trend 35.2% vs 26.6%

Fallido (9)

  • Price CAGR 0.99%
  • P/B Ratio 4.61
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 4.2%
  • Analyst Consensus 44% Buy
  • Earnings Quality (OCF/NI) 0.65
  • Piotroski F-Score 4/9

No disponible (5)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Current Ratio
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

4/9

Señales mixtas: algunas áreas requieren atención

score
criteria

Calidad de los Beneficios

0.65

Moderada: cierta brecha entre beneficios y efectivo

Dilución de Acciones

-1.4%

Recomprando acciones. Favorable para el accionista

Gobernanza

Equipo Directivo

NombreCargoEdad
Mr. Christopher Robert Concannon J.D.CEO & Director58
Ms. Ilene J. Fiszel BielerChief Financial Officer56
Mr. Dean BerryGroup COO & CEO of Europe, the Middle East & Africa, and Asia-Pacific52
Mr. Kevin M. McPhersonChief Revenue Officer54
Mr. Nitin A. MirwaniChief Accounting Officer45
Mr. William QuanChief Technology Officer42
Mr. Stephen C. DavidsonHead of Investor Relations-
Mr. Scott Pintoff J.D.General Counsel & Corporate Secretary54
Ms. Julie SheffetChief Human Resources Officer-
Mr. James Nevil Blair RuckerGlobal Head of Operations Services69

Riesgo de Auditoría

1

Riesgo del Consejo

1

Riesgo de Compensación

2

Riesgo de Derechos del Accionista

1

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Latest News

Recent headlines for MKTX, sourced from Markets Gazette.

  • 3/4/2026POSITIVE
    Van Den Berg Boosts MarketAxess Stake as Electronic Platforms Compete for Credit Trading Flow

    Van Den Berg Management has increased its stake in MarketAxess Holdings Inc., a key player in electronic trading platforms for corporate bonds. This increased position by a significant institutional investor signals confidence in MarketAxess's business model within a rapidly evolving sector. As more credit trading moves online and competition among trading venues intensifies, MarketAxess's ability to anchor institutional bond market liquidity is crucial. This move could indicate a positive outlook on the platform's future.

via Markets Gazette