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Cboe Global Markets Inc Stock Research

CBOE

157.10USD+1.78(+1.15%)Market Closed
Watchlist

Market Summary

USD157.10+1.78
Market Closed
1.15%

CBOE Alerts

  • 2 major insider sales recently.
  • Big jump in Earnings (Y/Y)

CBOE Stock Price

CBOE RSI Chart

CBOE Valuation

Market Cap

16.6B

Price/Earnings (Trailing)

25.46

Price/Sales (Trailing)

4.26

EV/EBITDA

13.86

Price/Free Cashflow

33.45

CBOE Price/Sales (Trailing)

CBOE Profitability

Operating Margin

45.19%

EBT Margin

11.48%

Return on Equity

8.44%

Return on Assets

3.78%

Free Cashflow Yield

2.99%

CBOE Fundamentals

CBOE Revenue

Revenue (TTM)

3.9B

Revenue Y/Y

-7.91%

Revenue Q/Q

-8.14%

CBOE Earnings

Earnings (TTM)

651.1M

Earnings Y/Y

190.95%

Earnings Q/Q

-3.23%

Price Action

52 Week Range

113.27158.71
(Low)(High)

Last 7 days

5.3%

Last 30 days

4.7%

Last 90 days

16.1%

Trailing 12 Months

34.6%

CBOE Financial Health

Current Ratio

1.07

Debt/Equity

0.54

Debt/Cashflow

0.35

CBOE Investor Care

Dividend Yield

1.27%

Dividend/Share (TTM)

2

Buy Backs (1Y)

0.74%

Diluted EPS (TTM)

6.1

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for CBOE

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-01
Isaacson Christopher A
sold
-573,958
149
-3,850
evp, coo
2023-08-17
Howson Dave
sold
-1,187,360
148
-8,000
evp, global president
2023-08-08
Goodman Jill R
sold
-732,142
144
-5,051
-
2023-07-10
Tilly Edward T
sold
-1,086,850
135
-8,000
chairman and ceo
2023-06-13
Isaacson Christopher A
gifted
-
-
-2,900
evp, coo
2023-06-13
Tilly Edward T
sold
-1,085,440
135
-8,000
chairman and ceo
2023-06-09
Sexton John P
sold
-413,862
138
-2,999
evp, gc and corp sec
2023-06-09
Sexton John P
gifted
-
-
-175
evp, gc and corp sec
2023-06-05
Isaacson Christopher A
sold
-515,823
133
-3,850
evp, coo
2023-05-24
RATTERMAN JOSEPH P
sold
-2,039,400
135
-15,000
-

1–10 of 50

Which funds bought or sold CBOE recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
added
45.78
15,568,000
46,786,000
0.03%
2023-09-12
Farther Finance Advisors, LLC
added
12.66
1,678
12,283
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
unchanged
-
4.00
138
-%
2023-08-28
DT Investment Partners, LLC
unchanged
-
61.00
5,594
-%
2023-08-25
STRATEGY ASSET MANAGERS LLC
added
7.22
75,529
813,983
0.18%
2023-08-24
Alberta Investment Management Corp
unchanged
-
181,099
6,629,590
0.06%
2023-08-23
Stonebridge Capital Advisors LLC
sold off
-100
-4,027
-
-%
2023-08-22
Asset Dedication, LLC
unchanged
-
-
-
-%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
added
1.17
184,138
4,775,150
0.05%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-1.58
15,000
1,318,000
0.01%

1–10 of 47

Latest Funds Activity

Are funds buying CBOE calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own CBOE
No. of Funds

Schedule 13G FIlings of Cboe Global Markets

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
0.4%
396,540
SC 13G/A
Feb 09, 2023
vanguard group inc
12.01%
12,744,399
SC 13G/A
Jan 30, 2023
blackrock inc.
10.4%
11,016,804
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
6.5%
7,028,195
SC 13G/A
Feb 09, 2022
vanguard group inc
11.44%
12,196,048
SC 13G/A
Feb 03, 2022
blackrock inc.
9.3%
9,910,418
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
9.5%
10,356,063
SC 13G/A
Feb 10, 2021
vanguard group inc
10.65%
11,510,947
SC 13G/A
Jan 29, 2021
blackrock inc.
8.2%
8,884,798
SC 13G/A
Feb 14, 2020
price t rowe associates inc /md/
10.8%
12,028,620
SC 13G/A

Recent SEC filings of Cboe Global Markets

View All Filings
Date Filed Form Type Document
Sep 19, 2023
8-K
Current Report
Sep 06, 2023
4
Insider Trading
Sep 01, 2023
144
Notice of Insider Sale Intent
Aug 22, 2023
4
Insider Trading
Aug 21, 2023
4
Insider Trading
Aug 18, 2023
8-K
Current Report
Aug 17, 2023
144
Notice of Insider Sale Intent
Aug 10, 2023
4
Insider Trading
Aug 08, 2023
144
Notice of Insider Sale Intent
Aug 04, 2023
10-Q
Quarterly Report

CBOE Fair Value

Loading...

Peers (Alternatives to Cboe Global Markets)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
72.4B
5.4B
0.48% 14.30%
24.31
13.3
39.96% 1.84%
61.7B
9.6B
-4.06% 17.13%
36.55
6.45
1.00% -49.94%
23.9B
6.1B
-7.56% -15.21%
21.65
3.91
3.28% -2.99%
16.6B
3.9B
4.65% 34.62%
25.46
4.26
6.88% 207.99%
-
6.3B
-4.47% -2.11%
-
-
-14.15% -36.16%
MID-CAP
9.1B
4.8B
-4.44% 33.18%
3.77
1.9
226.24% 90.31%
8.0B
1.9B
-2.13% 16.27%
19.93
4.22
-8.00% -31.66%
6.8B
4.8B
-0.30% 11.07%
10.96
1.4
2.69% -21.37%
2.0B
60.6B
0.10% 16.37%
8.27
0.03
-1.46% 48.12%
SMALL-CAP
1.7B
1.9B
8.85% 32.11%
239.3
0.92
0.08% -93.14%
1.6B
2.2B
-8.72% -26.16%
8.38
0.75
-14.47% -57.71%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
801.8M
23.7M
-0.73% 0.83%
43.84
33.9
51.04% 152.07%
411.5M
1.2B
-1.11% 16.45%
12.8
0.33
4.38% -66.00%
742.8M
313.5M
- -
14.66
2.47
0.19% 735.99%

Cboe Global Markets News

Detroit Free Press
The Fed leaves interest rates right where they are.
Detroit Free Press,
36 hours ago
ETFdb.com
Singapore Business Review

Returns for CBOE

Cumulative Returns on CBOE

14.9%


10-Year Cumulative Returns

13.6%


7-Year Cumulative Returns

9.4%


5-Year Cumulative Returns

22.1%


3-Year Cumulative Returns

Risks for CBOE

What is the probability of a big loss on CBOE?

32.3%


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

25%


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.

Drawdowns

Financials for Cboe Global Markets

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-2.0%3,8943,9723,9593,8203,6443,4593,4953,4733,4493,5163,4273,1823,0642,8162,4962,6462,5472,5942,7692,6422,677
Cost Of Revenue-5.6%2,0562,1772,2172,1452,0411,9302,0192,0802,1332,2552,1731,9541,8351,6001,3591,4541,3781,4251,5521,4941,530
Gross Profit2.4%1,8381,7951,7421,6751,6021,5291,4761,3931,3151,2621,2541,2281,2301,2161,1371,1911,1681,1681,2171,1481,147
Operating Expenses-33.9%8581,2971,2521,2151,189688670673647621592581575598600597594591618617623
EBITDA-100.0%-6876516415841,002972885869839858846826798716------
EBITDA Margin-100.0%-0.17*0.16*0.17*0.16*0.29*0.28*0.25*0.25*0.24*0.25*0.27*0.27*0.28*0.29*------
Interest Expenses-30.2%44.0064.0051.0070.0066.0037.0042.0027.0036.0041.0029.0029.0030.0020.0033.0037.0037.0039.0039.0036.0028.00
Earnings Before Taxes109.3%955456433407352788756669658636660652629592501564539540571500489
EBT Margin-100.0%-0.11*0.11*0.11*0.10*0.23*0.22*0.19*0.19*0.18*0.19*0.20*0.21*0.21*0.20*------
Net Income117.9%651299235241211501529450440448468467463434371423403401425544519
Net Income Margin-100.0%-0.08*0.06*0.06*0.06*0.14*0.15*0.13*0.13*0.13*0.14*0.15*0.15*0.16*0.15*------
Free Cashflow-100.0%-36159160.004491,2065461,5071,6411,8481,4111,382770638598------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-9.0%7,1967,9046,9997,2977,4768,1986,8157,5837,0976,9586,5176,0775,3665,2385,1145,0195,1595,3305,3215,1205,317
  Current Assets-29.0%1,7442,4581,5561,8971,9332,9351,5312,4992,1812,0331,5671,382781632608490577683684436584
    Cash Equivalents-5.1%4144364333533736591,092392451263245213210165229150161346275137140
  Goodwill0.3%3,1383,1283,1233,1143,1323,0183,0253,0252,9002,8982,8952,7822,7302,7252,6822,6632,6802,6982,6912,6982,701
Liabilities-19.1%3,5324,3653,5344,0044,2144,6313,2104,0863,6543,5543,1682,7322,0801,9271,7581,691--2,071--
  Current Liabilities-36.3%1,4682,3041,4771,5451,6002,3411,1692,0181,6041,6941,3131,128497358282199286511596479680
    LT Debt, Current-45.9%165305305------49.0069.0070.00-----300300300300
    LT Debt, Non Current0.0%1,4381,4381,4371,8601,9591,5941,2991,2991,2991,1391,135869869868868867917916916915915
Shareholder's Equity3.6%3,6643,5393,4653,2943,2623,5673,6053,4973,4433,4043,3493,3453,2863,3103,3563,3293,3273,2853,2413,1523,150
  Retained Earnings5.0%2,4062,2912,1712,0651,9682,2042,1462,0311,9621,9021,8101,7681,7041,6301,5131,4671,4021,3491,2881,1851,134
  Additional Paid-In Capital0.7%1,4821,4721,4551,5331,5261,5191,5092,7362,7312,7252,7132,7092,7052,7002,6912,6872,6802,6742,6602,6552,646
Shares Outstanding-0.1%106106106106106107107107107107107109110110111112112112112111112
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations31.1%5534226511065001,2585971,5551,6921,8951,4591,427804678633622503489535504552
  Share Based Compensation5.5%41.0039.0031.0027.0026.0024.0027.0027.0026.0025.0022.0022.0023.0025.0022.0023.0026.0030.0035.0043.0044.00
Cashflow From Investing87.0%-105-808-835-960-1,079-364-352-462-284-392-430-151-184-88.90-15.90-12.2048.0022.00-25.60-49.00-66.50
Cashflow From Financing-241.2%-702-20682.0022133066.00-200-15.6019.00-145-201-446-571-766-662-588-528-329-371-446-496
  Dividend Payments0.9%213211209208206199193187181176171165160155150145139135130126122
  Buy Backs-7.4%93.0010110186.0086.0010481.0016921127734933134124115787.0084.00132141188122

CBOE Income Statement

2023-06-30
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Total revenues$ 907.8$ 985.8$ 1,896.0$ 1,960.3
Cost of revenues:    
Total cost of revenues440.7561.7957.51,118.1
Revenues less cost of revenues467.1424.1938.5842.2
Operating expenses:    
Compensation and benefits106.586.2216.9167.4
Depreciation and amortization39.840.281.281.1
Technology support services28.318.150.537.3
Professional fees and outside services20.424.144.343.8
Travel and promotional expenses13.55.519.78.4
Facilities costs6.26.613.813.1
Acquisition-related costs0.714.37.116.3
Goodwill impairment 460.1 460.1
Other expenses6.96.412.312.4
Total operating expenses222.3661.5445.8839.9
Operating income (loss)244.8(237.4)492.72.3
Non-operating (expenses) income:    
Interest expense, net(13.9)(14.6)(29.0)(25.4)
Other income (expense), net10.9(4.8)26.3(8.8)
Income (loss) before income tax provision (benefit)241.8(256.8)490.0(31.9)
Income tax provision (benefit)74.0(72.3)148.843.0
Net income (loss)167.8(184.5)341.2(74.9)
Net income allocated to participating securities(0.8) (1.6) 
Net income (loss) allocated to common stockholders$ 167.0$ (184.5)$ 339.6$ (74.9)
Basic earnings (loss) per share (in dollars per share)$ 1.58$ (1.74)$ 3.21$ (0.70)
Diluted earnings (loss) per share (in dollars per share)$ 1.57$ (1.74)$ 3.20$ (0.70)
Basic weighted average shares outstanding (in shares)105.7106.3105.8106.5
Diluted weighted average shares outstanding (in shares)106.1106.3106.1106.5
Cash and spot markets    
Revenues:    
Total revenues$ 341.3$ 458.5$ 748.3$ 920.4
Data and access solutions    
Revenues:    
Total revenues135.3123.9264.7242.8
Derivatives markets    
Revenues:    
Total revenues431.2403.4883.0797.1
Liquidity payments    
Cost of revenues:    
Total cost of revenues337.4429.0709.2896.5
Routing and clearing    
Cost of revenues:    
Total cost of revenues20.820.944.843.2
Section 31 fees    
Cost of revenues:    
Total cost of revenues34.579.6109.4115.3
Royalty fees and other cost of revenues    
Cost of revenues:    
Total cost of revenues$ 48.0$ 32.2$ 94.1$ 63.1

CBOE Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 413.6$ 432.7
Financial investments103.791.7
Accounts receivable, net of $3.5 allowance for credit losses at June 30, 2023 and $2.2 at December 31, 2022363.6369.8
Margin deposits and clearing funds718.8543.0
Digital assets - safeguarded assets54.922.9
Income taxes receivable38.048.3
Other current assets51.747.6
Total current assets1,744.31,556.0
Investments294.2253.2
Land2.32.3
Property and equipment, net115.8108.2
Operating lease right of use assets105.4111.7
Goodwill3,138.43,122.8
Intangible assets, net1,614.41,662.8
Other assets, net181.1181.9
Total assets7,195.96,998.9
Current liabilities:  
Accounts payable and accrued liabilities391.4420.2
Section 31 fees payable109.8147.1
Deferred revenue14.411.7
Margin deposits and clearing funds718.8543.0
Digital assets - safeguarded liabilities54.922.9
Income taxes payable 3.5
Current portion of long-term debt164.9304.7
Current portion of contingent consideration liabilities13.924.1
Total current liabilities1,468.11,477.2
Long-term debt1,438.21,437.3
Non-current unrecognized tax benefits223.7196.1
Deferred income taxes206.1222.9
Non-current operating lease liabilities123.5129.3
Non-current portion of contingent consideration liabilities15.215.0
Other non-current liabilities56.755.8
Total liabilities3,531.53,533.6
Commitments and contingencies
Stockholders' equity:  
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at June 30, 2023 and December 31, 2022
Common stock, $0.01 par value: 325,000,000 shares authorized, 107,964,872 and 105,516,820 shares issued and outstanding, respectively at June 30, 2023 and 107,670,248 and 105,951,199 shares issued and outstanding, respectively at December 31, 20221.11.1
Common stock in treasury, at cost, 2,448,052 shares at June 30, 2023 and 1,719,049 shares at December 31, 2022(222.1)(131.0)
Additional paid-in capital1,482.01,455.1
Retained earnings2,405.82,171.1
Accumulated other comprehensive loss, net(2.4)(31.0)
Total stockholders' equity3,664.43,465.3
Total liabilities and stockholders' equity$ 7,195.9$ 6,998.9
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.