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MarketAxess Holdings Inc. (MKTX) Stock Verdict & Ratings | Investment Bastion

Stock Verdict·Updated 1d ago

MarketAxess Holdings Inc.

MKTXMarket cap $5.78BPrice $164.2

Country🇺🇸United States

SectorFinancials

IndustryCapital Markets

MarketAxess runs the electronic trading platform that dominates corporate bond dealing, connecting institutional investors with dealers. It helped drag fixed income out of phone-and-fax trading, now handling billions in daily volume across credit markets globally.

In Bastion Portfolios?

52W Return-3%Global Market +16%?

01Key Ratings

How does this stock score across Bastion factors?

Growth

Historical Revenue

Rev CAGR (3y)+6%5

Revenue Forecast

Rev CAGR (1y)+6%4

Rev CAGR (3y)+6%5

Rev CAGR (5y)+7%6

Earnings Forecast

EPS Growth Y+1+20%8

EPS Growth Y+2+10%6

EPS Growth Y+3+10%6

Quality

Margins

EBIT Margin41%10

Net Income Margin35%9

Free Cash Flow Margin22%8

Debt

Net Debt/EBITDA-0.410

Efficiency

ROE23%8

ROA14%9

Earnings Stability55

GEAR+VERY STRONG88

Overall rating across all five factors

Value

Price Multiples

P/E Ratio (Forward)204

P/E Ratio (Forward 3y)174

P/BV4.73

EV Multiples

EV/EBITDA Fwd134

EV/EBIT Fwd154

Yield

Free Cash Flow Yield0.0%6

Dividend Yield1.9%5

Momentum

Short term

1 month return+1%8

3 month return+41%10

YTD return-8%4

Mid term

Price vs 52wHigh85%7

1 year return-3%4

Long term

3 year return-28%1

5 year return-57%1

Risk Shield

Price Risk

Beta0.110

Volatility37%5

Free Cash Flow

Free Cash Flow Margin22%8

Free Cash Flow Yield0.0%6

Quality

ROCE18%9

Earnings Stability55

Net Debt/EBITDA-0.410

02Growth

Is it actually growing, and how fast?

MKTXMarketAxess Holdings

Revenue FY25$846M

GROWTH RATING↗

AVERAGE49 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR+6%5

Revenue, next 1Y+6%4

Revenue, next 3Y, CAGR+6%5

Revenue, next 5Y, CAGR+7%6

EARNINGS FORECAST▾SCORE

EPS growth, FY26E+20%8

EPS growth, FY27E+10%6

EPS growth, FY28E+10%6

GROWTH ASSESSMENT

STRENGTHS

Earnings are set to grow in step with sales (EPS about 10%/yr vs revenue 6%/yr).

WATCH

A mid-pack grower, ahead of 49% of companies worldwide.

Revenue is set to grow 6%/yr over the next 3 years, in line with the market.5/10

Revenue grew 6%/yr over the last 3 years and is set to keep growing around 6%/yr.

Over five years revenue is set to grow 7%/yr, ahead of 50% of companies worldwide.6/10

WEAKNESSES

None flagged.

BOTTOM LINE

Margin Expander

A middle-of-the-pack grower. The one thing to watch: forward revenue growth is only about average.

03Price Momentum

Is the market behind it right now?

MOMENTUM RATING↗

AVERAGE48 / 100

SHORT-TERM RETURNS▾SCORE

1-month return+1%8

3-month return+41%10

YTD return-8%4

MID & LONG-TERM▾SCORE

% of 52-week high85%7

1-year return-3%4

3-year return-28%1

5-year return-57%1

MOMENTUM ASSESSMENT

STRENGTHS

Strong recent results. The stock is outperforming over the past month (+1%) and over three months (+41%).

WATCH

It's down 3% over the past year, now 15% below its 52-week high. That is a touch ahead of the market.

Returns sit at the market level so far this year (-8%).

WEAKNESSES

Weak long-term results. It has been a disappointing long-term hold (-28% over three years and -57% over five), behind 90% of the market.

BOTTOM LINE

Early Turnaround

A poor multi-year track record but a sharp recent rally. Momentum is turning up, yet the trend is young and unproven — it needs follow-through to confirm rather than fade. The one thing to watch: the multi-year record is weak.

04Value

Are you paying a fair price for it?

Stop guessing on MarketAxess. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

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Loading charts…

02Growth

Is it actually growing, and how fast?

MKTXMarketAxess Holdings

Revenue FY25$846M

GROWTH RATING↗

AVERAGE49 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR+6%5

Revenue, next 1Y+6%4

Revenue, next 3Y, CAGR+6%5

Revenue, next 5Y, CAGR+7%6

EARNINGS FORECAST▾SCORE

EPS growth, FY26E+20%8

EPS growth, FY27E+10%6

EPS growth, FY28E+10%6

GROWTH ASSESSMENT

STRENGTHS

Earnings are set to grow in step with sales (EPS about 10%/yr vs revenue 6%/yr).

WATCH

A mid-pack grower, ahead of 49% of companies worldwide.

Revenue is set to grow 6%/yr over the next 3 years, in line with the market.5/10

Revenue grew 6%/yr over the last 3 years and is set to keep growing around 6%/yr.

Over five years revenue is set to grow 7%/yr, ahead of 50% of companies worldwide.6/10

WEAKNESSES

None flagged.

BOTTOM LINE

Margin Expander

A middle-of-the-pack grower. The one thing to watch: forward revenue growth is only about average.

03Price Momentum

Is the market behind it right now?

MOMENTUM RATING↗

AVERAGE48 / 100

SHORT-TERM RETURNS▾SCORE

1-month return+1%8

3-month return+41%10

YTD return-8%4

MID & LONG-TERM▾SCORE

% of 52-week high85%7

1-year return-3%4

3-year return-28%1

5-year return-57%1

MOMENTUM ASSESSMENT

STRENGTHS

Strong recent results. The stock is outperforming over the past month (+1%) and over three months (+41%).

WATCH

It's down 3% over the past year, now 15% below its 52-week high. That is a touch ahead of the market.

Returns sit at the market level so far this year (-8%).

WEAKNESSES

Weak long-term results. It has been a disappointing long-term hold (-28% over three years and -57% over five), behind 90% of the market.

BOTTOM LINE

Early Turnaround

04Value

Are you paying a fair price for it?

Stop guessing on MarketAxess. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

✓
Stock VerdictValuation and investment strategy for 4,000+ stocks. Days of hedge fund analyst research, done in 2 minutes.
✓
RadarFind your next investment idea: top-ranked stocks across all 9 Bastion strategies.
✓
Portfolio ManagerCheck if Bastion algorithms added the stock you care about to their portfolios.

Secure via Stripe

Trusted by 1,000+ investors in our community