Cboe Global Markets Inc.

Cboe Global Markets Inc.

CBOE

Market Cap$21.35B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cboe Global Markets Inc.Cboe Global Markets Inc.27.41.16%19%5.50.4

Earnings Call Q3 2024

November 1, 2024 - AI Summary

**Strong Financial Performance:** Cboe Global Markets reported a record net revenue of $532 million for the third quarter, an 11% year-over-year increase, with adjusted diluted earnings per share rising 8% to a record $2.22. This growth was largely attributed to strong volumes in their Derivatives business, particularly proprietary index options and futures, alongside solid performance in Cash and Spot Markets.
**Optimistic Outlook for 2024:** The company raised its full-year organic net revenue growth guidance to 7%-9%, up from the previous range of 6%-8%. This optimistic outlook reflects robust year-to-date results and anticipated favorable market conditions. Cboe's Data and Access Solutions (D&A) revenue is expected to benefit from continued strength, especially in international sales.
**Strategic Focus on Organic Growth:** The management emphasized a shift towards organic growth strategies after previously focusing on mergers and acquisitions. Investments will be directed towards enhancing existing franchises in Derivatives and D&A, leveraging technology for innovation, and educating retail investors about options.

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$213.00

Target Price by Analysts

4.7% upsideCboe Global Markets Target Price DetailsTarget Price
$269.42

Current Fair Value

32.5% upside

Undervalued by 32.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$21.35 Billion
Enterprise Value$22.18 Billion
Dividend Yield$2.52 (1.15691945683612%)
Earnings per Share$7.16
Beta0.67
Outstanding Shares104,700,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio27.41
PEG553.98
Price to Sales5.5
Price to Book Ratio5.08
Enterprise Value to Revenue5.61
Enterprise Value to EBIT19.05
Enterprise Value to Net Income28
Total Debt to Enterprise0.07
Debt to Equity0.38

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Cboe Global Markets Inc.

CEO: Edward Tilly