CME reported strong third-quarter earnings as high market activity led to higher trading volume and transaction revenue. Revenue rose 13% from last year to $1.7 billion, while diluted earnings per share increased to $2.90 from $2.49.
CME's move into prediction markets could provide a meaningful tailwind to growth if performance is better than expected.
Unlike its peers, CME is still mostly a transactional business. A drop in market activity could lead to decrease in earnings.
|
Metric
|
CME
|
ICE
|
NDAQ
|
|---|---|---|---|
Price/Earnings (Normalized) | 25.06 | 20.56 | 24.84 |
Price/Book Value | 4.00 | 2.99 | 4.51 |
Price/Sales | 15.31 | 6.71 | 6.30 |
Price/Cash Flow | 24.20 | 15.82 | 20.57 |
|
Metric
|
CME
|
ICE
|
NDAQ
|
|---|---|---|---|
Quick Ratio | 0.02 | 0.04 | 0.88 |
Current Ratio | 1.02 | 1.01 | 1.01 |
Interest Coverage | 32.98 | 7.50 | 8.20 |
|
Metric
|
CME
|
ICE
|
NDAQ
|
|---|---|---|---|
Return on Assets (Normalized) | 2.22% | 2.82% | 7.56% |
Return on Equity (Normalized) | 15.49% | 15.06% | 18.47% |
Return on Invested Capital (Normalized) | 14.21% | 9.95% | 11.48% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
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United States