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MarketAxess Holdings, Inc. (MKTX)

NEUTRAL
Financial ServicesCapital MarketsUnited States

基本面

65

价格

$162.48

市值

$5.71B

第一部分 · 这家公司值多少

概览

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

No editorial profile for this company yet

No competitor list for this company yet.

资产负债表与流动性

营收

$870M

最近12个月(截至2026/6/30)

净利润

$306M

最近12个月(截至2026/6/30)

自由现金流

$374M

股东权益合计

$1.15B

负债合计

$777M

流动比率

2.19

利息覆盖率

59.88

债务/EBITDA

0.43

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

合理估值

公允价值

$149.76

当前价格

$162.48

安全边际

-8.5%

公允价值区间

$115.95 - $183.58

估算方法

Analyst Target:$158.00
DCF:$172.73
PE-based:$164.92
Graham Growth:$63.28
EPV:$88.92
分析师共识:买入 (8B / 10H / 0S)
最近财报超预期:+3.16%

估值指标

市盈率(P/E)

19.20

ROE

21.5%

市净率(P/B)

4.61

P/FCF

29.43

毛利率

-

ROIC

-

盈利能力雷达图

Value Creation (Economic Moat)

ROIC

-

WACC

8.6%

ROIC − WACC

-

基本面分析标准

通过(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%

未通过(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

不可用(5)

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

Piotroski F-评分

4/9

信号混杂:部分领域需关注

score
criteria

盈利质量

0.65

中等:利润与现金之间存在一定差距

股权稀释

-1.4%

正在回购股份,对股东友好

公司治理

管理团队

姓名职位年龄
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

审计风险

1

董事会风险

1

薪酬风险

2

股东权利风险

1

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

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