CME Group Inc - Ordinary Shares - Class A


Market Cap$78.48B

Compare CME Group- Ordinary Shares

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
CME Group Inc - Ordinary Shares - Class ACME Group Inc - Ordinary Shares - Class A26.14.31%12%14.70.1
marketMarket Avg49.61.28%30%6.11.1
FinanceFinance Avg11.51.93%13%2.81.5

Earnings Call Q4 2023

February 14, 2024 - AI Summary

CME Group reported record financial results for 2023, with revenue of $5.6 billion, up 11% from the previous year.
Average daily volume (ADV) reached a record high of 24.4 million contracts in 2023, driven by strong performance in agriculture and interest rate products.
The company expects continued uncertainty in 2024 due to factors such as inflation, geopolitical tensions, and supply chain disruptions, which will drive demand for risk management tools.
CME Group's interest rate volume grew even after the Federal Reserve stopped raising rates, indicating that uncertain rate environments are favorable for trading volumes.
The Argus Gulf Coast contract has attracted significant commercial participation, with over 500,000 open positions, solidifying CME Group's position as the global leader in West Texas Intermediate.
The DTCC cross-margining arrangement has seen positive initial feedback, with some portfolios already experiencing savings of 75% to 80%. The potential impact on trading volumes is difficult to forecast but could provide capital efficiencies for clients. No information was provided regarding dividends or buybacks.

Current Fair Value

2.5% upside

Undervalued by 2.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$78.48 Billion
Enterprise Value$78.88 Billion
Dividend Yield$9.3866 (4.31%)
Earnings per Share$8.38
Outstanding Shares359,989,838
Avg 30 Day Volume1,840,412


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

Valuation & Multiples

P/E Ratio26.06
Price to Sales14.69
Price to Book Ratio2.98
Enterprise Value to Revenue14.14
Enterprise Value to EBIT21.13
Enterprise Value to Net Income24
Total Debt to Enterprise0.04
Debt to Equity0.13

Revenue Sources

No data

ESG Score

No data

About CME Group Inc

CEO: Terrence Duffy