Cboe: Cboe and S&P Global Sign 25-Year Index Option License Extension
Cboe and S&P Global announced they signed a new agreement granting Cboe an exclusive license to offer S&P 500 index options through 2051.
Cboe Global Markets Inc CBOE
Bulls Say, Bears Say
Bulls
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.
Bears
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.
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Trading Information
- Previous Close Price
- $340.42
- Day Range
- $330.61–340.27
- 52-Week Range
- $227.19–370.81
- Bid/Ask
- $337.85 / $338.21
- Shares Outstanding
- 104.43M
- Market Cap
- $35.39B
- Volume/Avg
- 356,778 / 1M
Key Statistics
- Price/Earnings (Normalized)
- 26.21
- Price/Sales
- 7.07
- Dividend Yield (Trailing)
- 0.89%
- Dividend Yield (Forward)
- 1.01%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 1.10%
Company Profile
Founded in 1973, Cboe controls the largest option exchange in the US, which provides around 60% of the firm's revenue. The company is best known for its proprietary S&P 500 and VIX index options, which it offers through an exclusive contract with S&P Global. The firm moved into US and European equities through the $3.4 billion acquisition of BATS in 2017. Cboe has continued to look to expand internationally, using acquisitions to build a presence in both Canada and Australia.
- Sector
- Financial Services
- Industry
- Financial Data & Stock Exchanges
- Stock Style Box
- Mid Growth
- Total Number of Employees
- 1,661
- Website
- https://www.cboe.com
Competitors
Valuation
|
Metric
|
CBOE
|
CME
|
NDAQ
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.21 | 25.82 | 26.51 |
Price/Book Value | 6.33 | 4.11 | 4.78 |
Price/Sales | 7.07 | 15.82 | 6.36 |
Price/Cash Flow | 23.59 | 25.01 | 20.92 |
Price/Earnings
CBOE
CME
NDAQ
Financial Strength
|
Metric
|
CBOE
|
CME
|
NDAQ
|
|---|---|---|---|
Quick Ratio | 0.80 | 0.02 | 0.44 |
Current Ratio | 1.57 | 1.02 | 1.00 |
Interest Coverage | 35.40 | 32.98 | 8.70 |
Quick Ratio
CBOE
CME
NDAQ
Profitability
|
Metric
|
CBOE
|
CME
|
NDAQ
|
|---|---|---|---|
Return on Assets (Normalized) | 13.88% | — | 7.99% |
Return on Equity (Normalized) | 26.52% | — | 19.05% |
Return on Invested Capital (Normalized) | 20.12% | — | 11.84% |
Return on Assets
CBOE
CME
NDAQ
Financial Data & Stock Exchanges Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
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|
|---|---|---|---|---|---|---|
| S&P Global Inc
SPGI
| LOCK|%xcGJMV^ | LOCK|##V | $133B | |||
| CME Group Inc Class A
CME
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| Intercontinental Exchange Inc
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| Moodys Corp
MCO
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| Nasdaq Inc
NDAQ
| LOCK|<cFBrK | LOCK|^Zl! | $57B | |||
| MSCI Inc
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| LOCK|yDlN&#K | LOCK|Pw> | $45B | |||
| Coinbase Global Inc Ordinary Shares - Class A
COIN
| LOCK|!L#>#b | LOCK|&k | $43B | |||
| TransUnion
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| LOCK|!?yGy!$ | LOCK|Z&!@j | $16B | |||
| FactSet Research Systems Inc
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| LOCK|<HjwKDC | LOCK|^t | $12B |
United States