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TMXXF US​
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TMX Group Limited(TMXXF US)

$43.01+2.095.11%Ext:$43.07+0.050.13%(Market Closed · 20:00:00 UTC)
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ProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Financials & Metrics

FinancialsChartingShort InterestEmployees

TMX Group Limited — Company Profile

TMX Group Limited functions as a key infrastructure provider for capital markets, primarily within Canada but also internationally, by managing exchanges, various market platforms, and clearing services. The company's operations are strategically divided into four core units: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment furnishes clients with comprehensive equity and index data, alongside integrated datasets designed for proprietary and third-party analytical tools, thereby aiding their trading and investment choices. This division also offers specialized solutions to the European and broader global wholesale energy markets, facilitating crucial processes like price discovery, trade execution, transparent reporting, and straight-through processing. Through its Capital Formation segment, TMX Group oversees the Toronto Stock Exchange (TSX), a prominent national exchange for established senior equities, and the TSX Venture Exchange, which serves the public venture equity market. This segment also includes TSX Trust, providing essential services such as corporate trust, registrar functions, transfer agency operations, and foreign exchange. The Derivatives Trading and Clearing division manages the Montreal Exchange, Canada's national marketplace for derivatives, and the Canadian Derivatives Clearing Corporation (CDCC), which acts as a clearinghouse for options and futures contracts. Its scope further extends to various over-the-counter products and fixed income repurchase agreements. Finally, the Equities and Fixed Income Trading & Clearing segment is responsible for the trading activities across the Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange. This unit also handles the clearing and settlement of equity and fixed income transactions, provides custody for securities, and offers inter-dealer brokerage services for fixed income instruments. Established in 2011, the company was initially known as Maple Group Acquisition Corporation before officially rebranding as TMX Group Limited in August 2012. Its corporate headquarters are located in Toronto, Canada.

Sector
Financial Services
Industry
Financial - Data & Stock Exchanges
Exchange
UU
CEO
John McKenzie
Headquarters
Toronto, ON, CA
IPO Date
Oct 17, 2012
Employees
2,185
Website
www.tmx.com

Key Metrics

Price
$36.97
Market Cap
$10.21B
Revenue (TTM)
$742.91M
Net Income (TTM)
$224.60M
EPS (TTM)
0.81
P/E (TTM)
19.10
P/B (TTM)
0.21
Dividend Yield
1.69%
ROE (TTM)
0.46%
ROA (TTM)
0.04%
Operating Margin
32.12%
Beta
0.32

Dividends

Last Dividend
$0.17
Last Yield
0.02%

Summary

TMX Group Limited functions as a key infrastructure provider for capital markets, primarily within Canada but also internationally, by managing exchanges, various market platforms, and clearing services. The company's operations are strategically divided into four core units: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment furnishes clients with comprehensive equity and index data, alongside integrated datasets designed for proprietary and third-party analytical tools, thereby aiding their trading and investment choices. This division also offers specialized solutions to the European and broader global wholesale energy markets, facilitating crucial processes like price discovery, trade execution, transparent reporting, and straight-through processing. Through its Capital Formation segment, TMX Group oversees the Toronto Stock Exchange (TSX), a prominent national exchange for established senior equities, and the TSX Venture Exchange, which serves the public venture equity market. This segment also includes TSX Trust, providing essential services such as corporate trust, registrar functions, transfer agency operations, and foreign exchange. The Derivatives Trading and Clearing division manages the Montreal Exchange, Canada's national marketplace for derivatives, and the Canadian Derivatives Clearing Corporation (CDCC), which acts as a clearinghouse for options and futures contracts. Its scope further extends to various over-the-counter products and fixed income repurchase agreements. Finally, the Equities and Fixed Income Trading & Clearing segment is responsible for the trading activities across the Toronto Stock Exchange, TSX Venture Exchange, and TSX Alpha Exchange. This unit also handles the clearing and settlement of equity and fixed income transactions, provides custody for securities, and offers inter-dealer brokerage services for fixed income instruments. Established in 2011, the company was initially known as Maple Group Acquisition Corporation before officially rebranding as TMX Group Limited in August 2012. Its corporate headquarters are located in Toronto, Canada.

Website
www.tmx.com
Location
Toronto, ON, CA
Phone888 873 8392
Employees2,185
CEOJohn McKenzie
SectorFinancial Services
IndustryFinancial - Data & Stock Exchanges
IPO DateOct 17, 2012

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Latest Documents

News

  • What TMX Group (X) Said on Its Q3 Earnings Call31 Oct
  • Combining Growth Optimism With Fundamental Discipline14 Oct
  • TMX Group Limited (X:CA) Presents at Bloomberg Canadian Finance Conference Transcript29 Sep
  • TMX Group Targets C$2B Revenue With Global Expansion, Deals and Data Growth26 Sep
  • TMX Group Limited (X:CA) Presents at 25th Annual CIBC Eastern Institutional Investor Conference Transcript24 Sep
  • TMX Group Limited (OTCMKTS:TMXXF) Given Average Rating of “Buy” by Brokerages22 Sep
  • TMX Group Prices $1.1 Billion Private Placement Debenture Offering15 Sep
  • TMX Group Limited (X:CA) Presents at Scotiabank's 27th Annual Financials Summit Transcript9 Sep
  • TMX Group Limited (OTCMKTS:TMXXF) Sees Large Growth in Short Interest18 Aug
  • Cboe Completes Sale of Cboe Australia to TMX Group2 Aug
  • TMX Group Q2 Earnings Call Highlights1 Aug

Key Stats

Trading

Px/Chg 1D$36.97 / -0.40%
Avg Volume9.41K
Beta0.32
Mkt Cap10.21B
FD Mkt Cap10.76B

Float

Shrs Out/Float276.14M / 275.35M
Short Float0.01%
Days to Cover10.89
Stock Repurchased$576.49M

Current Valuation

EV30.22B
EV/EBITDA5.81
EV/Sales14.81
P/B0.21
P/S5.00
FCF Yield6.49%
ROE0.46%
ROA0.04%
Current Ratio2.35

Dividend

Cash$0.17
Yield1.69%
Yield (TTM)1.69%

Estimates

P/E19.10
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMar '23Mar '24Mar '25Mar '26Oct '26
PRICE-BASED RATIOS
Price / Earnings31.7010.0421.0121.1060.9245.45
Price / Sales13.404.892.586.9638.8113.74
Price / Book Value1.421.371.822.221.470.21
Price / Free Cash Flow21.2713.8916.2718.4842.3315.41
ENTERPRISE VALUE METRICS
Enterprise Value13,562.96,400.79,883.512,253.49,052.430,224.6
Enterprise Value / Sales21.665.743.418.3950.0640.68
Enterprise Value / EBITDA7.714.084.154.9917.577.74
Enterprise Value / EBIT8.464.404.365.3519.338.84

Financials

Full Financials
Millions CAD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue15%980.71,114.92,898.31,460.11,717.2
Gross Income14.2%662.6749.32,806.2958.81,125.2
EBITDA34%658.01,569.92,379.62,455.02,119.1
EBIT35.7%570.91,456.12,267.12,289.41,938.4
Net Income5.3%338.5542.7356.0481.5415.7
EPS (Diluted)5.6%1.201.941.281.731.49
BALANCE SHEET
Cash & ST Inv10.7%341.6493.1419.6433.4512.9
Total Assets-5.4%63,199.455,983.164,337.440,209.950,721.2
Total Liabilities-6.4%59,493.351,775.760,015.735,387.845,749.1
Total Shareholder Equity6.4%3,706.13,987.24,107.64,577.44,757.8
CASH FLOW
Net Operating Cash Flow11.7%441.4444.1524.9623.4687.2
Cap Ex24%-51.2-51.9-65.2-73.7-121.2
Free Cash Flow13.3%390.2392.2459.7549.7643.6

Enterprise Value Bridge

Millions CAD23 Oct '26
Price (As of 23 Oct '26)41.05
Basic Shares276.14
Market Cap11,335.7
Diluted Shares200.76
Fully Diluted Shares Outstanding200.76
Fully Diluted Market Cap8,241.4
+Consolidated Debt21,579.6
−In-the-Money Convertible Debt—
+Capital Leases977.5
+Operating Leases—
−Cash & Equivalents-3,595.3
−Short-term Investments-1,435.7
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest2,031.2
+Pension Liabilities—
Enterprise Value31,351.3

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