Cboe reported excellent third-quarter earnings as the benefits of the firm's more focused strategy accrue. Net revenue increased 18% from last year to $712 million. Meanwhile, diluted EPS jumped 43% to $4.08, although this does include a $71.5 million gain from the sale of Cboe Australia.
If US option trading volume continues to grow at an accelerated rate, Cboe would be the primary beneficiary as the largest options exchange in the US.
Cboe is reliant on an exclusive license agreement for its S&P 500 index options that it may not be able to renew before expiration.
|
Metric
|
CBOE
|
ICE
|
CME
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.50 | 21.77 | 25.03 |
Price/Book Value | 6.06 | 3.19 | 4.09 |
Price/Sales | 6.85 | 6.90 | 15.74 |
Price/Cash Flow | 21.72 | 16.95 | 24.11 |
|
Metric
|
CBOE
|
ICE
|
CME
|
|---|---|---|---|
Quick Ratio | 0.81 | 0.05 | 0.02 |
Current Ratio | 1.61 | 1.03 | 1.02 |
Interest Coverage | 37.72 | 7.44 | 34.10 |
|
Metric
|
CBOE
|
ICE
|
CME
|
|---|---|---|---|
Return on Assets (Normalized) | 14.26% | 2.80% | 2.25% |
Return on Equity (Normalized) | 27.13% | 15.44% | 16.04% |
Return on Invested Capital (Normalized) | 20.76% | 10.06% | 14.69% |
|
1-Day Chart
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Price
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Morningstar Rating for Stocks
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United States