TMX Group Limited

OTCPK-TMXX.F

Basic

Market Cap
$7,379.61M
EV
$8,972.64M
Shares Out
277.13M
Revenue
CA$2,974.4M
Employees
1,910

Margins

Gross
96.82%
EBITDA
80.74%
Operating
76.88%
Pre-Tax
18.99%
Net
13.67%
FCF
14.47%

Returns (5Yr Avg)

ROA
0.79%
ROTA
39.02%
ROE
9.32%
ROCE
17.96%
ROIC
1.71%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
—
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CA$467.8M
Net Debt
CA$1,974.4M
Debt/Equity
0.55
EBIT/Interest
1.27

Growth (CAGR)

Rev 3Yr
45.13%
Rev 5Yr
23.14%
Rev 10Yr
14.28%
Dil EPS 3Yr
10.78%
Dil EPS 5Yr
7.6%
Dil EPS 10Yr
11.54%
Rev Fwd 2Yr
12.08%
EBITDA Fwd 2Yr
13.99%
EPS Fwd 2Yr
—
EPS LT Growth Est
—

Dividends

Yield
—
Payout
48.78%
DPS
CA$0.71
DPS Growth 3Yr
8.96%
DPS Growth 5Yr
8.63%
DPS Growth 10Yr
8.36%
DPS Growth Fwd 2Yr
—

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						806.9	865.1	980.7	1,114.9	1,194.1	1,240.9
Interest And Invest. Income						353.2	160.6	53.9	747.8	1,704.2	1,733.5
Total Revenues						1,160.1	1,025.7	1,034.6	1,862.7	2,898.3	2,974.4
Total Revenues % Chg.						12.7%	-11.6%	0.9%	80%	55.6%	31.6%
Cost of Goods Sold, Total						51.9	57.6	64.6	90.9	92.1	94.6
Gross Profit						1,108.2	968.1	970	1,771.8	2,806.2	2,879.8
Selling General & Admin Expenses, Total						289.3	298.9	337.5	386.7	444.4	468.2
Depreciation & Amortization						79.6	80.3	87.1	113.8	112.5	124.9
Other Operating Expenses	—	—	—	—		—	—	—	—	—	—
Other Operating Expenses, Total						368.9	379.2	424.6	500.5	556.9	593.1
Operating Income						739.3	588.9	545.4	1,271.3	2,249.3	2,286.7
Interest Expense, Total						-392.6	-195.3	-91.5	-785.8	-1,749.7	-1,798.4
Interest And Investment Income						4.1	2.1	1.6	7.1	21.3	22.5
Net Interest Expenses						-388.5	-193.2	-89.9	-778.7	-1,728.4	-1,775.9
Income (Loss) On Equity Invest.						3.8	5.7	24.2	-1.3	0.4	0.7
Currency Exchange Gains (Loss)	—	—	—	—	—	—	—	—	1.7	-3	4.1
Other Non Operating Income (Expenses)						-0.3	-0.2	-0.1	0.1	0.1	0.4
EBT, Excl. Unusual Items						354.3	401.2	479.6	493.1	518.4	516
Restructuring Charges	—			—	—	-3.7	—	—	—	—	—
Merger & Related Restructuring Charges		—	—			—	—	-0.3	-0.7	-5.1	-12.2
Impairment of Goodwill					—	-18	—	—	—	—	—
Gain (Loss) On Sale Of Investments			—	—		2.3	—	—	177.9	1.3	58.4
Asset Writedown			—	—	—	—	—	—	—	—	—
Legal Settlements	—	—	—	—	—	—	-12.4	—	—	—	—
Other Unusual Items		—	—	—	—	—	—	—	—	2.8	2.5
EBT, Incl. Unusual Items						334.9	388.8	479.3	670.3	517.4	564.7
Income Tax Expense						87.3	109.1	140.8	88.5	129.2	123.8
Earnings From Continuing Operations						247.6	279.7	338.5	581.8	388.2	440.9
Earnings Of Discontinued Operations	—	—			—	—	—	—	—	—	—
Minority Interest				—	—	—	—	—	-39.1	-32.2	-34.4
Net Income						247.6	279.7	338.5	542.7	356	406.5
Net Income to Common Incl Extra Items						247.6	279.7	338.5	542.7	356	406.5
Net Income to Common Excl. Extra Items						247.6	279.7	338.5	542.7	356	406.5
Total Shares Outstanding						281.2	281.5	279.4	278.4	276.6	277.1
Weighted Avg. Shares Outstanding						280.2	282.1	280.5	278.7	278.2	277.7
Weighted Avg. Shares Outstanding Dil						282.9	284.8	282.4	280	279	278.7
EPS						0.9	1	1.2	1.9	1.3	1.5
EPS Diluted						0.9	1	1.2	1.9	1.3	1.5
EBITDA						809.1	659.8	623	1,370.6	2,351.7	2,401.5
Effective Tax Rate						26.1%	28.1%	29.4%	13.2%	25%	21.9%