TMX Group Ltd
TSX:X
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TMX Group Ltd
TSX:X
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CA |
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Puma SE
F:PUMA
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DE |
Intrinsic Value
The intrinsic value of TMX Group Ltd (X) under the Base Case is 60.36 CAD per share.
Compared with the current market price of 60.72 CAD, the stock appears
Overvalued by 1% .
The intrinsic value is the average of valuations using the DCF method and multiples.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What TMX Group Does
TMX Group runs some of Canada’s key capital-markets infrastructure, including the Toronto Stock Exchange, TSX Venture Exchange, and related trading, clearing, and data businesses. In simple terms, it helps companies list shares and raise capital, and it gives investors and dealers the places and systems they use to buy, sell, and settle securities.
- Headquarters
- Canada CA
- Employees
- 2 190
- IPO date
- Nov 6, 2002
TMX Group has no economic moat
Issuers can choose other exchanges or private funding, and brokers can send trades to competing marketplaces. Because customers have alternatives and trading activity is spread across venues, TMX has no clear advantage that prevents rivals from winning listings or orders.
Read the full moat analysis
Revenue & Expenses Breakdown
TMX Group Ltd
Earnings Waterfall
TMX Group Ltd
The intrinsic value for TMX Group Ltd (X) under the Base Case is 60.36 CAD.
Compared with the current market price of 60.72 CAD, the stock appears Overvalued by 1% .