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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 2.7x - 3.0x | 2.9x |
Historical Pb Multiple | 2.5x - 4.7x | 3.5x |
Fair Value | 39.50$ - 43.66$ | 41.58$ |
Upside | 4.6% - 15.6% | 10.1% |
Benchmarks | - | Full Ticker |
Tradeweb Markets Inc. | - | NasdaqGS:TW |
BGC Group, Inc. | - | NasdaqGS:BGC |
The Goldman Sachs Group, Inc. | - | NYSE:GS |
Morgan Stanley | - | NYSE:MS |
Plus500 Ltd. | - | OTCPK:PLSQ.F |
Virtu Financial, Inc. | - | NasdaqGS:VIRT |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
TW | BGC | GS | MS | PLSQ.F | VIRT | |||
NasdaqGS:TW | NasdaqGS:BGC | NYSE:GS | NYSE:MS | OTCPK:PLSQ.F | NasdaqGS:VIRT | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 43.0% | 22.5% | 11.4% | 8.5% | 12.5% | NM- | ||
3Y CAGR | 30.2% | -0.8% | -13.9% | -4.2% | -4.2% | -17.5% | ||
Latest Twelve Months | 37.5% | 255.8% | 71.5% | 50.1% | 0.6% | 94.5% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 28.4% | 3.8% | 25.7% | 21.7% | 45.4% | 25.5% | ||
Prior Fiscal Year | 27.3% | 1.7% | 17.4% | 15.9% | 37.7% | 8.0% | ||
Latest Fiscal Year | 29.1% | 5.6% | 25.8% | 20.8% | 35.8% | 11.7% | ||
Latest Twelve Months | 29.1% | 5.6% | 25.8% | 20.8% | 35.8% | 11.7% | ||
Return on Equity | ||||||||
5 Year Average Margin | 6.0% | 8.7% | 12.5% | 12.3% | 58.7% | 24.3% | ||
Prior Fiscal Year | 7.1% | 4.4% | 7.4% | 9.4% | 36.7% | 10.5% | ||
Latest Twelve Months | 9.0% | 13.6% | 12.6% | 13.8% | 40.6% | 21.2% | ||
Next Fiscal Year | 13.1% | 59.7% | 13.6% | 14.4% | 44.8% | 40.9% | ||
Two Fiscal Years Forward | 13.2% | 57.4% | 14.4% | 14.8% | 51.4% | 35.4% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 20.1x | 2.0x | 3.4x | 3.0x | 3.4x | 2.6x | ||
Price / LTM EPS | 62.4x | 36.6x | 13.1x | 14.5x | 9.6x | 12.6x | ||
Price / Book | 6.0x | 4.9x | 1.6x | 2.0x | 4.1x | 4.7x | ||
Price / Fwd Book | 4.9x | 4.3x | 1.6x | 1.9x | 4.3x | 2.1x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 1.6x | 4.1x | 6.0x | |||||
Historical P/B Ratio | 2.5x | 3.5x | 4.7x | |||||
Selected P/B Multiple | 2.7x | 2.9x | 3.0x | |||||
(x) Book Value | 1,254 | 1,254 | 1,254 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | TW | BGC | GS | MS | PLSQ.F | VIRT | |
Value of Common Equity | 31,276 | 4,433 | 176,287 | 186,011 | 2,484 | 3,271 | |
(/) Shares Outstanding | 213.1 | 482.9 | 324.6 | 1,612.9 | 72.9 | 86.6 | |
Implied Stock Price | 146.77 | 9.18 | 543.12 | 115.33 | 34.10 | 37.76 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 146.77 | 9.18 | 543.12 | 115.33 | 34.10 | 37.76 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |