Multi Commodity Exchange of India Ltd
NSE:MCX
Intrinsic Value
Multi Commodity Exchange of India Ltd. operates as a commodity derivatives exchange company, which engages in facilitating online trading, clearing, and settlement operations of commodity derivatives. [ Read More ]
The intrinsic value of one
MCX
stock under the Base Case scenario is
2 152.5755
INR.
Compared to the current market price of 3 851.3501 INR,
Multi Commodity Exchange of India Ltd
is
Overvalued by 44%.
Multi Commodity Exchange of India Ltd's market capitalization is 196.4B INR.
MCX stock price is 3 851.3501 INR.
MCX stock (2 152.5755 INR) is 44% less than its price (3851.3501 INR).
MCX stock (1 602.4854 INR) is 58% less than its price (3851.3501 INR). Open DCF Valuation
MCX stock (2 702.6656 INR) is 30% less than its price (3851.3501 INR). Open Relative Valuation
MCX has downside potential of 0% compared to the average analyst price target.
Open Wall St Estimates
MCX has positive three-year average ROIC (Return on Invested Capital): 8%. The company is efficient at using invested capital to generate operating income.
MCX's short-term assets (15B INR) exceed its short-term liabilties (12B INR).
MCX's ROE (Return on Equity) for the past 12 months is very low and is equal to 4%.
MCX has positive three-year average ROE (Return on Equity): 7%. The company is efficient at transforming stockholders' equity into net income.
MCX's ROE (Return on Equity) has decreased in the last 3 years from 12% to 4%.
MCX's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 1%.
MCX's ROIC (Return on Invested Capital) has decreased in the last 3 years from 11% to 1%.
MCX's Revenue has grown by an exceptional 33% over the past 12 months.
MCX's Revenue is forecast to grow at a rate of 22% per year over the next 3 years.
MCX has positive Operating Income for the last twelve months.
MCX's Revenue has been growing by an exceptional 21% per year for the last 3 years.
MCX has positive Net Income for the last twelve months.
MCX has positive Gross Profit for the last twelve months.
MCX's long-term assets (34B INR) exceed its long-term liabilties (12B INR).
MCX has positive Free Cash Flow for the last twelve months.
MCX's D/E (Debt to Equity) is very low and is equal to 0.
MCX has negative Net Debt. This means that the company has more cash and short-term investments (13B INR) than debt (9m INR).
MCX's Altman Z-Score is very high and is equal to 8.6.
MCX earns more than enough operating income (284m INR) to safely cover interest payments on its debt (400k INR).
Valuation Backtest
Multi Commodity Exchange of India Ltd
Run backtest to discover the historical profit from buying and selling
MCX
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Multi Commodity Exchange of India Ltd
Balance Sheet Decomposition
Multi Commodity Exchange of India Ltd
| Current Assets | 14.5B |
| Cash & Short-Term Investments | 13.3B |
| Receivables | 679.1m |
| Other Current Assets | 542.7m |
| Non-Current Assets | 19.6B |
| Long-Term Investments | 6B |
| PP&E | 1.9B |
| Intangibles | 2B |
| Other Non-Current Assets | 9.6B |
| Current Liabilities | 11.8B |
| Accounts Payable | 615.8m |
| Other Current Liabilities | 11.2B |
| Non-Current Liabilities | 656.1m |
| Long-Term Debt | 9.1m |
| Other Non-Current Liabilities | 647m |
Earnings Waterfall
Multi Commodity Exchange of India Ltd
|
Revenue
|
6.8B
INR
|
|
Cost of Revenue
|
-3.9B
INR
|
|
Gross Profit
|
2.9B
INR
|
|
Operating Expenses
|
-2.6B
INR
|
|
Operating Income
|
283.8m
INR
|
|
Other Expenses
|
547.3m
INR
|
|
Net Income
|
831.1m
INR
|
Free Cash Flow Analysis
Multi Commodity Exchange of India Ltd
MCX Profitability Score
Profitability Due Diligence
Multi Commodity Exchange of India Ltd's profitability score is 62/100. The higher the profitability score, the more profitable the company is.
Score
Multi Commodity Exchange of India Ltd's profitability score is 62/100. The higher the profitability score, the more profitable the company is.
MCX Solvency Score
Solvency Due Diligence
Multi Commodity Exchange of India Ltd's solvency score is 90/100. The higher the solvency score, the more solvent the company is.
Score
Multi Commodity Exchange of India Ltd's solvency score is 90/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MCX Price Targets Summary
Multi Commodity Exchange of India Ltd
According to Wall Street analysts, the average 1-year price target for
MCX
is 3 836.985 INR
with a low forecast of 2 121 INR and a high forecast of 4 620 INR.
Shareholder Return
MCX Price
Multi Commodity Exchange of India Ltd
| Average Annual Return | 20.53% |
| Standard Deviation of Annual Returns | 32.05% |
| Max Drawdown | -9% |
| Market Capitalization | 196.4B INR |
| Shares Outstanding | 50 902 800 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Multi Commodity Exchange of India Ltd
Country
Industry
Market Cap
Dividend Yield
Description
Multi Commodity Exchange of India Ltd. operates as a commodity derivatives exchange company, which engages in facilitating online trading, clearing, and settlement operations of commodity derivatives. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2012-03-09. The firm facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management. The firm's product segments include bullion, energy, agricultural basket, base metals and index futures. Its flagship index series, MCX iCOMDEX, is a series of real-time commodity futures price indices, which give information on market movements in key commodities/ segments traded on the exchange. The MCX iCOMDEX series consists of a composite index, apart from three sectoral indices, such as the Base Metal index, the Bullion index and the Energy index, and also nine single-commodity indices, such as Gold, Silver, Aluminum, Copper and Lead, among others. Its subsidiary, Multi Commodity Exchange Clearing Corporation Limited, provides collateral management and risk management services, along with clearing and settlement of trades executed on the exchange.
Contact
IPO
Employees
Officers
The intrinsic value of one
MCX
stock under the Base Case scenario is
2 152.5755
INR.
Compared to the current market price of 3 851.3501 INR,
Multi Commodity Exchange of India Ltd
is
Overvalued by 44%.
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