MarketAxess Holdings, Inc.

Valuation Analysis

About the Company

MarketAxess Holdings, Inc. en bref

MarketAxess Holdings, Inc. (MKTX) is currently trading at 104,90 € with a market capitalization of 3,7 Md €. The trailing P/E ratio stands at 14.26x, with a forward P/E of 13.49x. The 52-week range spans from 98,76 € to 196,21 €; the current price is 46.5% below the yearly high. Year-over-year revenue growth stands at +11.9%. The net profit margin stands at 35.52%.

💰 Dividende

MarketAxess Holdings, Inc. pays an annual dividend of 2,72 € per share, representing a yield of 2.59%. The payout ratio stands at 36.26%.

📊 Avis des analystes

11 analystes évaluent MarketAxess Holdings, Inc. (MKTX) au consensus : Acheter. L'objectif de cours moyen est de 156,44 €, soit un potentiel de +49.14% par rapport au cours actuel. La fourchette des objectifs de cours des analystes va de 113,33 € à 217,94 €.

MarketAxess Holdings, Inc. : la thèse d'investissement en détail

MarketAxess Holdings, Inc. (MKTX) operates in the Financial Services — specifically Capital Markets — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.

Le scénario haussier

Revenue is growing at a healthy 11.9% pace year-over-year, suggesting the business model continues to find new customers and pricing power. Earnings growth of 450% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. With a gross margin near 62.06%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns.

Valorisation en contexte

The PEG ratio at 1.05 sits in the reasonable zone — the price tag is roughly aligned with the company's growth profile, neither punishing nor euphoric. The EV/EBITDA multiple of 9.72x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.

À surveiller

• The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
• The analyst consensus price target implies 49.14% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.

Thèse d'investissement : forces et faiblesses

Aperçu technique

Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).

Profil de risque

The data points to relatively defensive market behavior, elevated short interest (8.11%).

Trading Data

💵 Dividend Info

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