Interactive Brokers Group Inc Stock Research

Market Summary

USD79.59+0.05

Delayedas of 23 Mar 2023, 01:26 pm

0.06%

IBKR Alerts

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

IBKR Stock Price

IBKR RSI Chart

IBKR Valuation

Market Cap

7.9B

Price/Earnings (Trailing)

4.31

Price/Sales (Trailing)

2.95

EV/EBITDA

1.21

Price/Free Cashflow

IBKR Price/Sales (Trailing)

IBKR Profitability

EBT Margin

74.39%

Return on Equity

64.68%

Return on Assets

1.6%

Free Cashflow Yield

50.03%

IBKR Fundamentals

IBKR Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

217.43%

Revenue Q/Q

41.89%

IBKR Earnings

Earnings (TTM)

1.8B

Earnings Y/Y

87.28%

Earnings Q/Q

31.06%

Price Action

52 Week Range

52.1890.19

(Low)(High)

Last 7 days

-14.7%

Last 30 days

-12.1%

Last 90 days

8.9%

Trailing 12 Months

23.2%

IBKR Financial Health

IBKR Investor Care

Dividend Yield

0.13%

Dividend/Share (TTM)

0.1

Shares Dilution (1Y)

5.81%

Diluted EPS (TTM)

3.75

Peers (Alternatives to Interactive Brokers Group)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCHW	109.2B	20.8B	-25.95%	-27.75%	15.21	5.26	12.11%	22.68%
GS	105.5B	39.7B	-16.53%	-3.22%	9.37	2.66	-24.93%	-47.95%
BLK	95.4B	17.9B	-14.27%	-10.09%	18.42	5.34	-7.75%	-12.25%
RJF	19.2B	11.5B	-23.15%	-11.77%	12.23	1.67	10.02%	2.28%
MKTX	14.6B	718.3M	7.35%	10.21%	58.43	20.35	2.77%	-2.97%
MID-CAP
IBKR	7.9B	2.7B	-12.10%	23.15%	4.31	2.95	95.77%	12.59%
SEIC	7.5B	2.0B	-12.37%	-3.86%	15.68	3.75	3.79%	-13.01%
SF	6.2B	4.6B	-17.08%	-14.81%	9.36	1.35	-3.98%	-19.72%
SNEX	1.9B	64.7B	-11.71%	27.62%	8	0.03	35.87%	74.73%
SMALL-CAP
PIPR	1.9B	1.4B	-16.05%	8.57%	17.38	1.34	-29.71%	-60.26%
VIRT	1.8B	2.4B	-12.59%	-48.39%	6.93	0.78	-15.89%	-44.42%
COWN	1.1B	1.5B	0.39%	32.10%	14.3	0.71	-27.22%	-74.14%
AC	816.3M	10.3M	-0.68%	-10.61%	-15.36	79.32	-29.47%	-152.67%
OPY	445.7M	1.1B	-15.80%	-8.69%	13.78	0.4	-20.31%	-79.65%
GHL	167.9M	258.5M	-24.81%	-44.51%	51.29	0.65	-18.61%	-92.26%

Financials for Interactive Brokers Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	48.9%	2,686	1,804	1,346	1,518	1,372
EBITDA	18.8%	3,724	3,136	2,646	2,719	2,985
EBITDA Margin	-20.2%	1.39*	1.74*	1.97*	2.37*	2.18*
Earnings Before Taxes	18.8%	1,998	1,682	1,393	1,542	1,787
EBT Margin	-20.2%	0.74*	0.93*	1.03*	1.34*	1.30*
Interest Expenses	19.3%	1,668	1,398	1,199	1,125	1,148
Net Income	19.1%	1,842	1,547	1,270	1,416	1,636
Net Income Margin	-20.0%	0.69*	0.86*	0.94*	1.23*	1.19*
Free Cahsflow	9.5%	3,968	3,623	2,422	4,287	5,896

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.4%	115,143	114,683	113,386	114,423	109,113
Cash Equivalents	7.9%	3,436	3,184	2,881	2,667	2,395
Liabilities	-0.2%	103,528	103,783	102,784	103,941	98,891
Shareholder's Equity	6.4%	2,848	2,677	10,602	10,482	2,395
Retained Earnings	10.8%	1,294	1,168	1,079	1,017	953
Additional Paid-In Capital	0.6%	1,581	1,572	1,480	1,449	1,442
Shares Outstanding	3.0%	102	99.00	98.00	-	-
Minority Interest	6.6%	8,767	8,223	8,078	8,026	7,827

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	9.5%	3,968	3,623	2,422	4,287	5,896
Share Based Compensation	-1.1%	92.00	93.00	88.00	84.00	80.00
Cashflow From Investing	62.1%	-67.00	-177	-176	-181	-188
Cashflow From Financing	10.0%	-470	-522	-958	-627	-523
Dividend Payments	0%	40.00	40.00	40.00	38.00	38.00

Risks for IBKR

What is the probability of a big loss on IBKR?

86.2%

Probability that Interactive Brokers Group stock will be more than 20% underwater in next one year

45.8%

Probability that Interactive Brokers Group stock will be more than 30% underwater in next one year.

Probability that Interactive Brokers Group 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 IBKR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Interactive Brokers Group was unfortunately bought at previous high price.

Drawdowns

Returns for IBKR

Cumulative Returns on IBKR

18.7%

10-Year Cumulative Returns

11.1%

7-Year Cumulative Returns

1.8%

5-Year Cumulative Returns

20.4%

3-Year Cumulative Returns

What are the long-term rolling returns for IBKR?

FIve years rolling returns for Interactive Brokers Group.

Annualized Returns

Which funds bought or sold IBKR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	new	-	325,766	325,766	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-7.7	3,051,930	71,037,900	0.08%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-58.23	-231,408	255,592	0.02%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-59.61	-34,000	28,000	-%
2023-02-28	Voya Investment Management LLC	added	2.79	125,037	889,037	-%
2023-02-24	SRS Capital Advisors, Inc.	unchanged	-	3,276	27,276	-%
2023-02-24	NATIXIS	reduced	-90.48	-14,167,800	1,711,150	0.01%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	31.00	389,000	1,193,000	0.01%
2023-02-22	CVA Family Office, LLC	unchanged	-	7,477	65,477	0.02%
2023-02-21	MACQUARIE GROUP LTD	reduced	-36.29	-118,327	97,673	-%

Latest Funds Activity

Are funds buying IBKR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own IBKR

No. of Funds

Interactive Brokers Group News

Schedule 13G FIlings of Interactive Brokers Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	select equity group, l.p.	3.1%	3,151,025	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	7.32%	7,531,775	SC 13G/A
Feb 09, 2023	vanguard group inc	8.92%	9,180,448	SC 13G/A
Jan 25, 2023	blackrock inc.	8.7%	8,903,291	SC 13G/A
Feb 14, 2022	bares capital management, inc.	5.28%	5,187,311	SC 13G/A
Feb 14, 2022	kayne anderson rudnick investment management llc	8.85%	8,690,986	SC 13G/A
Feb 14, 2022	select equity group, l.p.	5.8%	5,705,858	SC 13G
Feb 03, 2022	blackrock inc.	7.5%	7,372,486	SC 13G/A
Feb 16, 2021	bares capital management, inc.	6.05%	5,495,358	SC 13G/A
Feb 11, 2021	kayne anderson rudnick investment management llc	8.07%	7,329,422	SC 13G/A

IBKR Fair Value

Interactive Brokers Group fair value in different scenarios

The table shows the Fair Value estimates for Interactive Brokers Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	- -	- -	- -	- -	- -
Current Inflation	83.78 5.26%	105.18 32.15%	144.43 81.47%	282.23 254.60%	576.11 623.85%
Very High Inflation	- -	- -	- -	- -	- -

Historical Interactive Brokers Group Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Interactive Brokers Group

View All Filings

Date Filed	Form Type	Document
Mar 08, 2023	ARS	ARS
Mar 08, 2023	DEF 14A	DEF 14A
Mar 08, 2023	DEFA14A	DEFA14A
Feb 24, 2023	10-K	Annual Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 02, 2023	8-K	Current Report
Jan 30, 2023	4	Insider Trading
Jan 26, 2023	4	Insider Trading

Latest Insider Trading transactions for IBKR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-27	Peterffy Thomas	sold	-1,555,110	77.7553	-20,000	chairman
2023-01-26	Peterffy Thomas	sold	-1,574,720	78.7361	-20,000	chairman
2023-01-25	Peterffy Thomas	sold	-1,568,180	78.4092	-20,000	chairman
2023-01-24	Peterffy Thomas	sold	-1,583,060	79.1528	-20,000	chairman
2023-01-23	Peterffy Thomas	sold	-1,584,180	79.2091	-20,000	chairman
2023-01-20	Peterffy Thomas	sold	-1,567,480	78.3738	-20,000	chairman
2023-01-19	Peterffy Thomas	sold	-1,591,030	79.5514	-20,000	chairman
2023-01-18	Peterffy Thomas	sold	-1,587,010	79.3504	-20,000	chairman
2023-01-17	Peterffy Thomas	sold	-1,548,090	77.4045	-20,000	chairman
2023-01-13	Peterffy Thomas	sold	-1,512,180	75.609	-20,000	chairman

About Interactive Brokers Group

Milan Galik

www.interactivebrokers.com

2570

Interactive Brokers Group, Inc. operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors. In addition, it offers custody, prime brokerage, securities, and margin lending services. The company serves institutional and individual customers through approximately 150 electronic exchanges and market centers. Interactive Brokers Group, Inc. was founded in 1977 and is headquartered in Greenwich, Connecticut.

IBKR Income Statement

2022-12-31

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Commissions	$ 1,322	$ 1,350	$ 1,112
Other fees and services	184	218	175
Other income (loss)	(107)	(2)	59
Total non-interest income	1,399	1,566	1,346
Interest income	2,686	1,372	1,133
Interest expense	(1,018)	(224)	(261)
Total net interest income	1,668	1,148	872
Total net revenues	3,067	2,714	2,218
Non-interest expenses:
Execution, clearing and distribution fees	324	236	293
Employee compensation and benefits	454	399	325
Occupancy, depreciation and amortization	90	80	69
Communications	33	33	26
General and administrative	165	176	236
Customer bad debt	3	3	13
Total non-interest expenses	1,069	927	962
Income before income taxes	1,998	1,787	1,256
Income tax expense	156	151	77
Net income	1,842	1,636	1,179
Less net income attributable to noncontrolling interests	1,462	1,328	984
Net income available for common stockholders	$ 380	$ 308	$ 195
Earnings per share:
Basic	$ 3.78	$ 3.27	$ 2.44
Diluted	$ 3.75	$ 3.24	$ 2.42
Weighted average common shares outstanding:
Weighted Average Number of Shares Outstanding, Basic	100,460,016	94,167,572	79,939,289
Weighted Average Number of Shares Outstanding, Diluted	101,299,609	95,009,880	80,638,908
Comprehensive income:
Net income available for common stockholders	$ 380	$ 308	$ 195
Other comprehensive income:
Cumulative translation adjustment, before income taxes	(26)	(22)	26
Other comprehensive income (loss), net of tax	(26)	(22)	26
Comprehensive income available for common stockholders	354	286	221
Comprehensive income attributable to noncontrolling interests:
Net income attributable to noncontrolling interests	1,462	1,328	984
Other comprehensive income - cumulative translation adjustment	(85)	(75)	98
Comprehensive income attributable to noncontrolling interests	$ 1,377	$ 1,253	$ 1,082