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45.26 (1y: +42%)
Market Cap 1.72 B P/E(ttm) 27.20
Enterprise Value 1.58 B P/B 6.80
MKTX- NAS (USA)
MarketAxess Holdings, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$45.26
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 10/10

vs
industry		 vs
history
Cash to Debt No Debt
MKTX's Cash to Debt is ranked higher than
61% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 2100.97 vs. MKTX: No Debt )
MKTX' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt
Equity to Asset 0.749
MKTX's Equity to Asset is ranked higher than
90% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 0.24 vs. MKTX: 0.749 )
MKTX' s 10-Year Equity to Asset Range
Min: -2.18   Max: 0.88
Current: 0.75
-2.18
0.88
Interest Coverage No Debt
MKTX's Interest Coverage is ranked lower than
57% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 10000.00 vs. MKTX: No Debt )
MKTX' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 6
Z-Score: 36.06
M-Score: -2.44
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 43.70
MKTX's Operating margin (%) is ranked higher than
87% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 16.70 vs. MKTX: 43.70 )
MKTX' s 10-Year Operating margin (%) Range
Min: -986.6   Max: 43.7
Current: 43.7
-986.6
43.7
Net-margin (%) 30.3
MKTX's Net-margin (%) is ranked higher than
82% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 9.55 vs. MKTX: 30.3 )
MKTX' s 10-Year Net-margin (%) Range
Min: -986.6   Max: 77.4
Current: 30.3
-986.6
77.4
ROE (%) 24.7
MKTX's ROE (%) is ranked higher than
91% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 4.60 vs. MKTX: 24.7 )
MKTX' s 10-Year ROE (%) Range
Min: -745.8   Max: 37.5
Current: 24.7
-745.8
37.5
ROA (%) 21.5
MKTX's ROA (%) is ranked higher than
95% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 1.20 vs. MKTX: 21.5 )
MKTX' s 10-Year ROA (%) Range
Min: -116.2   Max: 33.2
Current: 21.5
-116.2
33.2
ROC (Joel Greenblatt) (%) 405.60
MKTX's ROC (Joel Greenblatt) (%) is ranked higher than
89% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 63.60 vs. MKTX: 405.60 )
MKTX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 69.8   Max: 578.5
Current: 405.6
69.8
578.5
Revenue Growth (%) 14.9
MKTX's Revenue Growth (%) is ranked higher than
93% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 0.90 vs. MKTX: 14.9 )
MKTX' s 10-Year Revenue Growth (%) Range
Min: -21   Max: 15.1
Current: 14.9
-21
15.1
EBITDA Growth (%) 26.8
MKTX's EBITDA Growth (%) is ranked higher than
99% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: -1.85 vs. MKTX: 26.8 )
MKTX' s 10-Year EBITDA Growth (%) Range
Min: -31.4   Max: 38.9
Current: 26.8
-31.4
38.9
EPS Growth (%) 39.5
MKTX's EPS Growth (%) is ranked higher than
98% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: -2.95 vs. MKTX: 39.5 )
MKTX' s 10-Year EPS Growth (%) Range
Min: -37   Max: 52.8
Current: 39.5
-37
52.8
ยป MKTX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

MKTX Guru Trades in Q2 2012

Jim Simons 464,410 sh (+78.34%)
Steven Cohen 18,949 sh (+47.66%)
RS Investment Management 427,470 sh (+37.37%)
PRIMECAP Management 704,920 sh (unchged)
Murray Stahl Sold Out
Chuck Royce Sold Out
Paul Tudor Jones 10,600 sh (-15.2%)
John Keeley 520,500 sh (-22.89%)
Pioneer Investments 30,006 sh (-76.59%)
» More
Q3 2012

MKTX Guru Trades in Q3 2012

Manning & Napier Advisors, Inc 761,650 sh (New)
PRIMECAP Management 704,920 sh (unchged)
Pioneer Investments Sold Out
Steven Cohen Sold Out
John Keeley 495,000 sh (-4.9%)
Paul Tudor Jones 9,500 sh (-10.38%)
RS Investment Management 338,990 sh (-20.7%)
Jim Simons 319,110 sh (-31.29%)
» More
Q4 2012

MKTX Guru Trades in Q4 2012

Steven Cohen 8,093 sh (New)
Murray Stahl 6,000 sh (New)
RS Investment Management 800,760 sh (+136.22%)
Manning & Napier Advisors, Inc 839,630 sh (+10.24%)
PRIMECAP Management 704,920 sh (unchged)
John Keeley 495,000 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons 255,900 sh (-19.81%)
» More
Q1 2013

MKTX Guru Trades in Q1 2013

Jim Simons 371,210 sh (+45.06%)
Steven Cohen 8,387 sh (+3.63%)
Manning & Napier Advisors, Inc 857,390 sh (+2.12%)
Murray Stahl 6,000 sh (unchged)
PRIMECAP Management 704,920 sh (unchged)
John Keeley 493,000 sh (-0.4%)
RS Investment Management 541,136 sh (-32.42%)
» More
» Details

Insider Trades

Latest Guru Trades with MKTX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2012-06-30 Reduce -22.89%0.12%$26.71 - $37.47 $ 45.2639%520500
John Keeley 2012-03-31 Reduce -27.85%0.16%$30.01 - $37.67 $ 45.2644%675000
John Keeley 2011-09-30 Reduce -22.5%0.13%$23.41 - $30.75 $ 45.2668%1071500
George Soros 2011-03-31 Sold Out $19.78 - $23.63 $ 45.26112%0
George Soros 2010-12-31 Reduce -38.65%$17.05 - $20.93 $ 45.26143%10000
George Soros 2010-09-30 Reduce -24.88%$12.39 - $17.3 $ 45.26203%16300
George Soros 2010-06-30 New Buy0.01%$13.45 - $17.4 $ 45.26195%21700
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 27.20
MKTX's P/E(ttm) is ranked higher than
53% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 18.27 vs. MKTX: 27.20 )
MKTX' s 10-Year P/E(ttm) Range
Min: 18.74   Max: 99.67
Current: 27.2
18.74
99.67
P/B 6.80
MKTX's P/B is ranked lower than
81% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 1.30 vs. MKTX: 6.80 )
MKTX' s 10-Year P/B Range
Min: 0.85   Max: 6.9
Current: 6.8
0.85
6.9
P/S 8.38
MKTX's P/S is ranked lower than
78% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 2.10 vs. MKTX: 8.38 )
MKTX' s 10-Year P/S Range
Min: 1.6   Max: 8.54
Current: 8.38
1.6
8.54
PFCF 24.80
MKTX's PFCF is ranked lower than
71% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 8.17 vs. MKTX: 24.80 )
MKTX' s 10-Year PFCF Range
Min: 7.84   Max: 91.75
Current: 24.8
7.84
91.75
EV-to-EBIT 17.2
MKTX's EV-to-EBIT is ranked higher than
88% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 14.81 vs. MKTX: 17.2 )
MKTX' s 10-Year EV-to-EBIT Range
Min: 1.9   Max: 78.7
Current: 17.2
1.9
78.7
PEG 0.6
MKTX's PEG is ranked higher than
99% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 2.80 vs. MKTX: 0.6 )
MKTX' s 10-Year PEG Range
Min: 0.47   Max: 2.14
Current: 0.6
0.47
2.14
Shiller P/E 53.1
MKTX's Shiller P/E is ranked higher than
95% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 9.40 vs. MKTX: 53.1 )
MKTX' s 10-Year Shiller P/E Range
Min: 40.69   Max: 67.45
Current: 53.1
40.69
67.45

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.06
MKTX's Dividend Yield is ranked higher than
53% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 2.06 vs. MKTX: 1.06 )
MKTX' s 10-Year Dividend Yield Range
Min: 0.46   Max: 1.78
Current: 1.06
0.46
1.78
Dividend Payout 0.2791
MKTX's Dividend Payout is ranked higher than
90% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 0.68 vs. MKTX: 0.2791 )
MKTX' s 10-Year Dividend Payout Range
Min: 0.17   Max: 0.35
Current: 0.28
0.17
0.35
Dividend growth (3y) 58.3
MKTX's Dividend growth (3y) is ranked lower than
72% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: -5.90 vs. MKTX: 58.3 )
MKTX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 58.3
Current: 58.3
0
58.3
Yield on cost (5-Year) 1.00
MKTX's Yield on cost (5-Year) is ranked higher than
53% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 2.34 vs. MKTX: 1.00 )
MKTX' s 10-Year Yield on cost (5-Year) Range
Min: 0.46   Max: 1.78
Current: 1
0.46
1.78
Share Buyback Rate 0.2
MKTX's Share Buyback Rate is ranked higher than
55% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: -0.40 vs. MKTX: 0.2 )
MKTX' s 10-Year Share Buyback Rate Range
Min: 0.2   Max: -81.3
Current: 0.2

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 11.8
MKTX's Price/Net Cash is ranked higher than
97% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 3.50 vs. MKTX: 11.8 )
MKTX' s 10-Year Price/Net Cash Range
Min: 3.1   Max: 12.5
Current: 11.8
3.1
12.5
Price/Net Current Asset Value 62
MKTX's Price/Net Current Asset Value is ranked higher than
91% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 6.50 vs. MKTX: 62 )
MKTX' s 10-Year Price/Net Current Asset Value Range
Min: 23.3   Max: 49
Current: 62
23.3
49
Price/Tangible Book 8.1
MKTX's Price/Tangible Book is ranked higher than
91% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 1.10 vs. MKTX: 8.1 )
MKTX' s 10-Year Price/Tangible Book Range
Min: 1.9   Max: 6.4
Current: 8.1
1.9
6.4
Price/DCF (Projected) 1.9
MKTX's Price/DCF (Projected) is ranked higher than
95% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 0.80 vs. MKTX: 1.9 )
MKTX' s 10-Year Price/DCF (Projected) Range
Min: 1.4   Max: 1.6
Current: 1.9
1.4
1.6
Price/Median PS Value 1.6
MKTX's Price/Median PS Value is ranked higher than
93% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 1.00 vs. MKTX: 1.6 )
MKTX' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.3
Current: 1.6
0.6
1.3
Price/Peter Lynch Fair Value 1.1
MKTX's Price/Peter Lynch Fair Value is ranked higher than
97% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 1.40 vs. MKTX: 1.1 )
MKTX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.9   Max: 1.9
Current: 1.1
0.9
1.9
Price/Graham Number 3.2
MKTX's Price/Graham Number is ranked higher than
89% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 0.90 vs. MKTX: 3.2 )
MKTX' s 10-Year Price/Graham Number Range
Min: 1.2   Max: 3.2
Current: 3.2
1.2
3.2
Earnings Yield (Greenblatt) 5.80
MKTX's Earnings Yield (Greenblatt) is ranked higher than
84% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 9.05 vs. MKTX: 5.80 )
MKTX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.3   Max: 54
Current: 5.8
1.3
54
Forward Rate of Return (Yacktman) 46.76
MKTX's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 176 Companies
in the Global Capital Markets industry.

( Industry Median: 7.98 vs. MKTX: 46.76 )
MKTX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 19.8   Max: 47.7
Current: 46.76
19.8
47.7

Business Description

MarketAxess Holdings Inc., was incorporated in the State of Delaware on April 11, 2000. The Company together with its subsidiaries operates an electronic trading platform for corporate bonds and certain other types of fixed-income instruments through which the Company's institutional investor clients can access the liquidity provided by its broker-dealer clients. The company offers its broker-dealer clients a solution that enables them to efficiently reach its institutional investor clients for the distribution and trading of bonds. The company's multi-dealer trading platform allows its institutional investor clients to simultaneously request competitive, executable bids or offers from multiple broker-dealers, and to execute trades with the broker-dealer of their choice. The company offers its clients the ability to trade U.S. high-grade corporate bonds, European high-grade corporate bonds, credit default swaps, agencies, high yield and emerging markets bonds. Through its Corporate BondTicker(tm) service, the company provides fixed-income market data; analytics and compliance tools that help its clients make trading decisions. In addition, it provides FIX (Financial Information eXchange) message management tools, connectivity solutions and ancillary technology services that facilitate the electronic communication of order information between trading counterparties. Its multi-dealer trading platform allows its institutional investor clients to simultaneously request competing, executable bids or offers from its broker-dealer clients and executes trades with the broker-dealer of their choice from among those that choose to respond. The Company offers its broker-dealer clients a solution that enables them to efficiently reach its institutional investor clients for the distribution and trading of bonds. It offers Application Programming Interface ("API") services to its broker-dealer clients for pre-trade, trade negotiation and post-trade services. The majority of its revenues are derived from monthly distribution fees and commissions for trades executed on its platform that are billed to its broker-dealer clients on a monthly basis. It also derives revenues from technology products and services, information and user access fees, investment income and other income. The company faces five main areas of competition: Telephone, E-mail, Other electronic trading platform, Market data and information vendors and Technology vendors. The company's industry has been and is subject to continuous regulatory changes and might become subject to new regulations or changes in the interpretation or enforcement of existing regulations, which could require it to incur considerable costs.
Company Website
SEC Reports
Industry: Capital Markets
Compare:PJC, SIEB, GHL, GS, SF
ยป More Articles for MKTX

Headlines

Articles On GuruFocus.com
Five Growth Stocks at Reasonable Prices Feb 18 2013 
The Best-Yielding Ex-Dividend Stocks on Feb. 12, 2013 Feb 11 2013 
MarketAxess Holdings Inc. Reports Operating Results (10-K) Feb 24 2011 
MarketAxess Holdings Inc. (MKTX) Chairman & CEO Richard M Mcvey sells 80,000 Shares Nov 12 2010 
MarketAxess Holdings Inc. Reports Operating Results (10-Q) Jul 30 2010 
MarketAxess Holdings Inc. Reports Operating Results (10-Q) Apr 30 2010 
MarketAxess Holdings Inc. Reports Operating Results (10-Q) Oct 30 2009 
MarketAxess Holdings Inc. Reports Operating Results (10-Q) Jul 30 2009 
MarketAxess Holdings Inc. Reports Operating Results (10-Q) May 01 2009 


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