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CBOE

128.33USD+1.51(+1.19%)Market Closed

Cboe Global Markets Inc

Market Summary

USD128.33+1.51Market Closed
1.19%

CBOE Alerts

CBOE Stock Price

RSI Chart

Valuation

Market Cap

13.3B

Price/Earnings

62.94

Price/Sales

3.65

Price/Cashflow

26.59

MarketCap/EBT

37.79

Price/Sales

Profitability

Operating Margin

43.97%

EBT Margin

9.66%

Return on Equity

6.48%

Return on Assets

2.83%

Fundamentals

Revenue

Revenue (TTM)

3.8B

Revenue Y/Y

21.63%

Revenue Q/Q

0.78%

Earnings

Earnings (TTM)

241.2M

Earnings Y/Y

24.75%

Earnings Q/Q

181.41%

Price Action

52 Week Range

103.36131.89
(Low)(High)

Last 7 days

2.4%

Last 30 days

1.8%

Last 90 days

7.1%

Trailing 12 Months

-0.3%

Financial Health

Current Ratio

1.21

Debt/Equity

0.6

Debt/Cashflow

0.26

Investor Care

Dividend Yield

1.53%

Dividend/Share (TTM)

1.95

Buy Backs (1Y)

0.53%

Diluted EPS (TTM)

2.23

Peers (Alternatives to Cboe Global Markets)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
62.7B
5.0B
2.17% -19.84%
21.43
12.95
6.85% 9.98%
54.0B
9.5B
17.94% -15.97%
16.01
5.7
8.61% 19.83%
30.6B
6.1B
13.60% -65.48%
26.88
5.18
3.86% -0.69%
24.5B
6.9B
20.40% -35.90%
12.06
3.54
-6.95% -34.97%
13.3B
3.8B
1.77% -0.27%
62.94
3.65
10.01% -46.45%
MID-CAP
7.9B
1.1B
-1.89% 3.03%
6.24
8.12
-28.35% -28.41%
7.2B
2.0B
16.85% 5.36%
14.24
3.56
9.45% -3.53%
6.7B
4.7B
2.80% -11.37%
8.5
1.42
2.68% -0.67%
2.4B
2.6B
-1.22% -20.85%
6.37
0.93
-11.69% -29.99%
SMALL-CAP
1.9B
66.0B
12.10% 64.95%
12
0.03
55.25% 78.07%
1.5B
1.8B
18.77% -3.06%
14.13
0.8
-10.47% 171.91%
1.1B
1.6B
-0.34% 6.89%
8.34
0.66
-23.97% -60.19%
918.0M
19.9M
0.46% 7.40%
-26.12
14.13
-72.02% -152.67%
791.6M
307.2M
9.41% -21.41%
53.61
2.53
4.57% 259.02%
360.0M
1.2B
19.76% -9.79%
4.94
0.31
-19.93% -59.07%

Financials for Cboe Global Markets

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue4.8%3,8203,6443,4593,4953,473
Cost Of Revenue5.1%2,1452,0411,9302,0192,080
Gross Profit4.5%1,6751,6021,5291,4761,393
Operating Expenses2.3%1,2151,189688670673
Earnings Before Taxes15.7%407352788756669
Net Income14.1%241211501529450
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.4%7,2977,4768,1986,8157,583
  Current Assets-1.9%1,8971,9332,9351,5312,499
    Cash Equivalents-5.4%353373659342392
  Net PPE-1.6%106108107105102
  Goodwill-0.6%3,1143,1323,0183,0253,025
Liabilities-5.0%4,0044,2144,6313,2104,086
  Current Liabilities-3.4%1,5451,6002,3411,1692,018
  Long Term Debt-5.1%1,8601,9591,5941,2991,299
    LT Debt, Non Current-5.1%1,8601,9591,5941,2991,299
Shareholder's Equity1.0%3,2943,2623,5673,6053,497
  Retained Earnings4.9%2,0651,9682,2042,1462,031
  Additional Paid-In Capital0.5%1,5331,5261,5191,5092,736
Shares Outstanding0.0%106106106107107
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-78.8%1065001,2585971,555
  Share Based Compensation5.9%2726242727
Cashflow From Investing11.0%-960.80-1,079.80-364.30-352.70-462.40
Cashflow From Financing-33.0%22133066-200.30-15.60
  Dividend Payments0.9%208206199193187
  Buy Backs0%868610481169

Risks

What is the probability of a big loss on CBOE?

46.1%


Probability that Cboe Global Markets stock will be more than 20% underwater in next one year

29.2%


Probability that Cboe Global Markets stock will be more than 30% underwater in next one year.

0%


Probability that Cboe Global Markets stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CBOE drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Cboe Global Markets was unfortunately bought at previous high price.

Returns

Cumulative Returns on CBOE

17.7%


10-Year Cumulative Returns

10.5%


7-Year Cumulative Returns

1.9%


5-Year Cumulative Returns

3.6%


3-Year Cumulative Returns

What are the long-term rolling returns for CBOE?

FIve years rolling returns for Cboe Global Markets.

Which funds bought or sold CBOE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
127.53
1,211,000
2,102,000
0.09%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,138,000
1,138,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.33
471,000
20,843,000
0.04%
2022-11-17
M&T Bank Corp
ADDED
0.28
12,000
332,000
-%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
9,000
277,000
0.01%
2022-11-16
Kentucky Retirement Systems Insurance Trust Fund
ADDED
4.77
35,000
446,000
0.04%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
2.38
51,000
888,000
-%
2022-11-16
Front Row Advisors LLC
NEW
-
8,000
8,000
-%
2022-11-16
Retirement Systems of Alabama
ADDED
0.07
150,000
4,135,000
0.02%
2022-11-16
GLENMEDE TRUST CO NA
NEW
-
291,000
291,000
-%

1–10 of 44

Latest Funds Activity

Are funds buying CBOE calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own CBOE

Cboe Global Markets News

Bloomberg

Stock Faithful Hope for a Wild Rally Before Merciful End to 2022.3 hours ago

CBOE Fair Value

Recent SEC filings of Cboe Global Markets

View All Filings
Date Filed Form Type Document
Nov 23, 2022
4
Insider Trading
Nov 17, 2022
8-K
Current Report
Nov 09, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Nov 04, 2022
8-K
Current Report
Nov 04, 2022
10-Q
Quarterly Report
Oct 05, 2022
4
Insider Trading
Sep 12, 2022
4
Insider Trading
Sep 12, 2022
4
Insider Trading
Sep 09, 2022
4
Insider Trading

Latest Insider Trading transactions for CBOE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-30
Sexton John P
SOLD
-364,744
127
-2,872
EVP, GC AND CORP SEC
2022-11-30
Sexton John P
GIFTED
-
-
-200
EVP, GC AND CORP SEC
2022-11-21
Isaacson Christopher A
GIFTED
-
-
-2,000
EVP, COO
2022-11-07
Tilly Edward T
SOLD
-1,267,700
126.77
-10,000
CHAIRMAN AND CEO
2022-11-04
Schell Brian N
SOLD
-237,770
130
-1,829
EXECUTIVE VP, CFO & TREASURER
2022-09-08
Schell Brian N
GIFTED
-
-
-328
EXECUTIVE VP, CFO & TREASURER
2022-09-08
Isaacson Christopher A
GIFTED
-
-
-3,370
EVP, COO
2022-09-07
Clay Catherine R
SOLD
-146,899
124.28
-1,182
EVP, DATA AND ACCESS SOLUTIONS
2022-05-23
RATTERMAN JOSEPH P
GIFTED
-
-
-2,758
-
2022-05-17
Fong Ivan K
BOUGHT
71,025.5
109.27
650
-

1–10 of 50

Edward T. Tilly
1200
Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and ETP listing services. The Futures segment trades in futures. The Europe and Asia Pacific segment offers pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services. The Global FX segment provides institutional foreign exchange (FX) trading and non-deliverable forward FX transactions services. The company has strategic relationships with S&P Dow Jones Indices, LLC; FTSE International Limited; Frank Russell Company; MSCI Inc.; and DJI Opco, LLC. The company was formerly known as CBOE Holdings, Inc. and changed its name to Cboe Global Markets, Inc. in October 2017. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in Chicago, Illinois.

CBOE Income Statement

2022-09-30
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Total revenues$ 993.5$ 816.8$ 2,953.8$ 2,628.4
Cost of revenues:    
Total cost of revenues551.1447.31,669.21,542.8
Revenues less cost of revenues442.4369.51,284.61,085.6
Operating expenses:    
Compensation and benefits102.074.0269.4214.0
Depreciation and amortization41.042.8122.1125.4
Technology support services19.116.756.450.1
Professional fees and outside services20.424.064.262.0
Travel and promotional expenses6.12.314.55.8
Facilities costs6.25.819.316.5
Acquisition-related costs1.66.717.911.9
Goodwill impairment0.8 460.9 
Other expenses8.46.520.814.6
Total operating expenses205.6178.81,045.5500.3
Operating income236.8190.7239.1585.3
Non-operating (expenses) income:    
Interest expense, net(15.3)(11.7)(40.7)(36.3)
Other income (expense), net7.5(5.2)(1.3)(3.1)
Income before income tax provision229.0173.8197.1545.9
Income tax provision78.853.4121.8182.8
Net income150.2120.475.3363.1
Net income allocated to participating securities(0.6)(0.4)(0.6)(1.1)
Net income allocated to common stockholders$ 149.6$ 120.0$ 74.7$ 362.0
Basic earnings per share (in dollars per share)$ 1.41$ 1.12$ 0.70$ 3.38
Diluted earnings per share (in dollars per share)$ 1.41$ 1.12$ 0.70$ 3.38
Basic weighted average shares outstanding (in shares)106.2106.8106.4107.0
Diluted weighted average shares outstanding (in shares)106.4107.0106.6107.2
Cash and spot markets    
Revenues:    
Total revenues$ 434.2$ 357.3$ 1,354.6$ 1,278.9
Data and access solutions    
Revenues:    
Total revenues126.1110.3368.9313.9
Derivatives markets    
Revenues:    
Total revenues433.2349.21,230.31,035.6
Liquidity payments    
Cost of revenues:    
Total cost of revenues392.3375.31,288.81,255.0
Routing and clearing    
Cost of revenues:    
Total cost of revenues20.219.063.466.0
Section 31 fees    
Cost of revenues:    
Total cost of revenues105.427.9220.7148.6
Royalty fees and other cost of revenues    
Cost of revenues:    
Total cost of revenues$ 33.2$ 25.1$ 96.3$ 73.2

CBOE Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 353.3$ 341.9
Financial investments27.437.1
Accounts receivable, net of $1.7 allowance for credit losses at September 30, 2022 and $1.0 at December 31, 2021380.2326.9
Margin deposits and clearing funds1,029.3745.9
Digital assets - safeguarded assets24.0 
Income taxes receivable39.542.7
Other current assets43.336.8
Total current assets1,897.01,531.3
Investments253.6245.8
Land2.32.3
Property and equipment, net105.8105.2
Operating lease right of use assets114.2110.1
Goodwill3,113.93,025.4
Intangible assets, net1,666.11,668.6
Other assets, net144.5125.8
Total assets7,297.46,814.5
Current liabilities:  
Accounts payable and accrued liabilities401.1295.4
Section 31 fees payable38.040.8
Deferred revenue15.615.2
Margin deposits and clearing funds1,029.3745.9
Digital assets - safeguarded liabilities24.0 
Income taxes payable 8.2
Current portion of contingent consideration liabilities37.263.8
Total current liabilities1,545.21,169.3
Long-term debt1,859.81,299.3
Non-current unrecognized tax benefits184.8197.9
Deferred income taxes239.1372.7
Non-current operating lease liabilities131.8129.2
Non-current contingent consideration liabilities10.36.7
Other non-current liabilities32.634.6
Total liabilities4,003.63,209.7
Commitments and contingencies
Stockholders' equity:  
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at September 30, 2022 and December 31, 2021
Common stock, $0.01 par value: 325,000,000 shares authorized, 108,412,582 and 106,082,175 shares issued and outstanding, respectively at September 30, 2022 and 108,159,319 and 106,646,498 shares issued and outstanding, respectively at December 31, 20211.11.1
Common stock in treasury, at cost, 2,330,407 shares at September 30, 2022 and 1,512,821 shares at December 31, 2021(201.2)(106.8)
Additional paid-in capital1,532.91,509.4
Retained earnings2,064.82,145.5
Accumulated other comprehensive (loss) income, net(103.8)55.6
Total stockholders' equity3,293.83,604.8
Total liabilities and stockholders' equity$ 7,297.4$ 6,814.5