Cboe Global Markets Inc.
CBOE
Market Cap$23.96B
Close$
Earnings Call Q1 2025
May 2, 2025 - AI Summary
Strong Q1 Performance: Cboe Global Markets reported a record net revenue of $565 million for Q1 2025, up 13% year-over-year (YoY). Adjusted diluted EPS rose by 16% YoY to $2.50, driven by increased volumes in derivatives, cash, and spot markets, along with disciplined expense management.
Strategic CEO Transition: Fred Tomczyk will transition to Craig Donahue as CEO on May 7. The board emphasized the need for a leader with global derivatives experience and a strong track record in the industry, which they believe Donahue possesses, creating a sense of confidence in future growth under his leadership.
Opportunities in Asia Pacific: The company sees significant growth potential in the Asia Pacific region, particularly in the demand for index options. Increased client onboarding in Korea and Taiwan reflects a solid pipeline, demonstrating Cboe's focus on expanding its global footprint and leveraging its DataVantage solutions.
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$299.73
28.5% upside
Current Fair Value
28.5% upsideUndervalued by 28.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $23.96 Billion |
|---|---|
| Enterprise Value | $24.51 Billion |
| Dividend Yield | $2.52 (1.10154303448879%) |
| Earnings per Share | $7.31 |
| Beta | 0.43 |
| Outstanding Shares | 104,700,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 29.76 |
|---|---|
| PEG | 151.69 |
| Price to Sales | 5.69 |
| Price to Book Ratio | 5.55 |
| Enterprise Value to Revenue | 5.66 |
| Enterprise Value to EBIT | 20.56 |
| Enterprise Value to Net Income | 30 |
| Total Debt to Enterprise | 0.07 |
| Debt to Equity | 0.36 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Cboe Global Markets Inc.
CEO: Edward Tilly