Business Description
Miami International Holdings Inc
NAICS : 522299
SIC : 6211
ISIN : US59356Q1085
Total Employee Number:
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Traded in other countries / regions
MIAX.USAU42.Germany Index Membership
Russell 2000Russell 3000 IPO Date
2025-08-14Description
Miami International Holdings Inc is engaged in operating regulated financial marketplaces across multiple asset classes using proprietary technology platforms. The company operates exchange markets for options, equities, futures, and international listings through its MIAX Exchanges, MIAX Futures Exchange, and the Bermuda Stock Exchange. The company operates through four reportable segments: Options, which provides trading and market data services for listed equity and ETP options; Equities, which provides trading services for U.S. equities and ETPs; Futures, which provides futures trading and clearing services through MIAX Futures; and International, which provides listing services for capital market instruments through the Bermuda Stock Exchange and The International Stock Exchange.
Financial Strength
10/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Cash-To-Debt | 83.09 | |||||
Equity-to-Asset | 0.72 | |||||
Debt-to-Equity | 0.01 | |||||
Debt-to-EBITDA | 0.09 | |||||
Interest Coverage | 40.12 | |||||
Piotroski F-Score | 8/9 | |||||
Altman Z-Score | 6.82 | |||||
Beneish M-Score | -2.63 | |||||
WACC vs ROIC | ||||||
Growth Rank
9/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Revenue Growth Rate | 24.8 | |||||
3-Year EPS without NRI Growth Rate | 82.4 | |||||
3-Year FCF Growth Rate | 14.2 | |||||
3-Year Book Growth Rate | 1408.6 | |||||
Future 3-5Y EPS without NRI Growth Rate Estimate Industry Rank | 5 | |||||
Future 3-5Y Total Revenue Growth Rate Estimate | 13.27 |
Momentum Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
5-Day RSI | 51.11 | |||||
9-Day RSI | 47.15 | |||||
14-Day RSI | 47.83 | |||||
3-1 Month Momentum % | -18.49 | |||||
6-1 Month Momentum % | 3.45 | |||||
12-1 Month Momentum % | 22.1 |
Liquidity Ratio
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Current Ratio | 2.61 | |||||
Quick Ratio | 2.61 | |||||
Cash Ratio | 1.56 | |||||
Days Sales Outstanding | 26.22 | |||||
Days Payable | 58.86 |
Dividend & Buy Back
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
3-Year Average Share Buyback Ratio | -2.5 | |||||
Shareholder Yield % | -9.22 |
Profitability Rank
5/10
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
Gross Margin % | 34.35 | |||||
Operating Margin % | 9.97 | |||||
Net Margin % | 9.7 | |||||
EBITDA Margin % | 6.38 | |||||
FCF Margin % | 16.43 | |||||
OCF Margin % | 19.46 | |||||
ROE % | 16.37 | |||||
ROA % | 10.86 | |||||
ROIC % | 28.08 | |||||
3-Year ROIIC % | 45.83 | |||||
ROC (Joel Greenblatt) % | 88.41 | |||||
ROCE % | 6.37 | |||||
Years of Profitability over Past 10-Year | 2 | |||||
Moat Score | 5 |
GF Value Rank
| Name | Current | Vs Industry | Vs History | |||
|---|---|---|---|---|---|---|
PE Ratio | 42.17 | |||||
Forward PE Ratio | 24.72 | |||||
PE Ratio without NRI | 21.91 | |||||
Price-to-Owner-Earnings | 37.69 | |||||
PS Ratio | 2.61 | |||||
PB Ratio | 3.65 | |||||
Price-to-Tangible-Book | 4.76 | |||||
Price-to-Free-Cash-Flow | 16.51 | |||||
Price-to-Operating-Cash-Flow | 14.07 | |||||
EV-to-EBIT | 59.12 | |||||
EV-to-EBITDA | 38.19 | |||||
EV-to-Revenue | 2.44 | |||||
EV-to-FCF | 14.83 | |||||
Price-to-Graham-Number | 2.15 | |||||
| Price-to-Net-Current-Asset-Value | 6.43 | |||||
| Price-to-Net-Cash | 20 | |||||
Earnings Yield (Greenblatt) % | 1.69 | |||||
FCF Yield % | 5.7 |
Operating Revenue by Business Segment
Operating Revenue by Geographic Region
Historical Operating Revenue by Business Segment
Historical Operating Revenue by Geographic Region
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Performance
Dividend
Log
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Annualized Return % Â
Total Annual Return % Â
Miami International Holdings Inc Executives
DetailsGF Valueâ„¢
Analyst Estimate
Key Statistics
| Name | Value | ||
|---|---|---|---|
| Revenue (TTM) (Mil $) | 1,466.531 | ||
| EPS (TTM) ($) | 1.01 | ||
| Beta | - | ||
| 3-Year Sharpe Ratio | - | ||
| 3-Year Sortino Ratio | - | ||
| Volatility % | - | ||
| 14-Day RSI | 47.83 | ||
| 14-Day ATR ($) | 1.987763 | ||
| 20-Day SMA ($) | 44.126 | ||
| 12-1 Month Momentum % | 22.1 | ||
| 52-Week Range ($) | 32.195 - 57.14 | ||
| Shares Outstanding (Mil) | 99.23 |
Piotroski F-Score Details
Year:
| Component | Result | ||
|---|---|---|---|
| Piotroski F-Score | 8 | ||
| Positive ROA | |||
| Positive CFROA | |||
| Higher ROA yoy | |||
| CFROA > ROA | |||
| Lower Leverage yoy | |||
| Higher Current Ratio yoy | |||
| Less Shares Outstanding yoy | |||
| Higher Gross Margin yoy | |||
| Higher Asset Turnover yoy |
Miami International Holdings Inc Filings
| Filing Date | Document Date | Form | ||
|---|---|---|---|---|
| No Filing Data | ||||
Miami International Holdings Inc Stock Events
| Event | Date | Price ($) | ||
|---|---|---|---|---|
| Third quarter earnings conference call for 2026 | 2026-11-05 17:00 | In 74 days | ||
| Third quarter earnings results for 2026 | 2026-11-05 | In 73 days | ||
| Second quarter earnings conference call for 2026 | 2026-08-05 17:00 | 45.34 (-2.49%) | ||
| Second quarter earnings results for 2026 | 2026-08-05 | 45.34 (-2.49%) | ||
| General meeting for 2026 | 2026-06-16 08:00 | 44.11 (-1.41%) | ||
| Piper Sandler Global Exchange and FinTech Conference | 2026-06-04 10:30 | 40.33 (-5.15%) | ||
| 46th Annual William Blair Growth Stock Conference | 2026-06-02 09:40 | 46.10 (-3.11%) | ||
| First quarter earnings conference call for 2026 | 2026-05-06 17:00 | 47.71 (+0.89%) | ||
| First quarter earnings results for 2026 | 2026-05-06 | 47.71 (+0.89%) | ||
| Annual report for 2025 | 2026-03-06 | 42.38 (+0.02%) |
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Miami International Holdings Inc Frequently Asked Questions
What is Miami International Holdings Inc(MIAX)'s stock price today?
The current price of MIAX is $42.59. The 52 week high of MIAX is $57.14 and 52 week low is $32.20.
When is next earnings date of Miami International Holdings Inc(MIAX)?
The next earnings date of Miami International Holdings Inc(MIAX) is 2026-11-05 Est..
Does Miami International Holdings Inc(MIAX) pay dividends? If so, how much?
Miami International Holdings Inc(MIAX) does not pay dividend.
Guru Commentaries on NYSE:MIAX
Greenhaven Road Capital
Bullish
2025 Q3
Greenhaven Road Partners Fund 2025Q4 FINAL cpdz
Greenhaven Road Investment Management, L.P.
· 17 holdings
What the manager wrote
The recent IPO of Miami International Exchange (MIAX) is expected to contribute significantly to future incentive fees, suggesting an additional $1.00 per share in value for 2026. This valuation indicates that the current share price of $23.50 is at a discount when considering cash, investments, and incentive fees. The core asset management business is also projected to generate approximately $1.30 per share of operating income this year, further supporting the argument that the company is undervalued. Overall, MIAX represents a strong investment opportunity with a solid growth trajectory.
Greenhaven Road Capital
Bullish
2025 Q3
Greenhaven Road Partners Fund 2025Q4 FINAL
Greenhaven Road Investment Management, L.P.
· 17 holdings
What the manager wrote
The recent IPO of Miami International Exchange (MIAX) is expected to contribute significantly to future incentive fees, suggesting an additional $1.00 per share in value for 2026. This valuation indicates that the year-end price of $23.50 is at a discount when considering cash, investments, and incentive fees. The core asset management business is also projected to generate approximately $1.30 per share of operating income this year, further supporting the undervaluation thesis. Overall, MIAX represents a strong investment opportunity with substantial growth potential.
Press Release
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