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Tradeweb Markets Inc Stock Research

TW

73.95USD-0.13(-0.18%)Market Closed

Market Summary

USD73.95-0.13
Market Closed
-0.18%

TW Alerts

TW Stock Price

TW RSI Chart

TW Valuation

Market Cap

15.2B

Price/Earnings (Trailing)

49.18

Price/Sales (Trailing)

12.8

EV/EBITDA

22.23

Price/Free Cashflow

24.96

TW Price/Sales (Trailing)

TW Profitability

EBT Margin

36.77%

Return on Equity

6.24%

Return on Assets

4.94%

Free Cashflow Yield

4.01%

TW Fundamentals

TW Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

5.84%

Revenue Q/Q

2.06%

TW Earnings

Earnings (TTM)

309.3M

Earnings Y/Y

81.93%

Earnings Q/Q

28.75%

Price Action

52 Week Range

51.4792.29
(Low)(High)

Last 7 days

-0.3%

Last 30 days

2.6%

Last 90 days

15.1%

Trailing 12 Months

-15.7%

TW Financial Health

TW Investor Care

Dividend Yield

0.43%

Dividend/Share (TTM)

0.32

Shares Dilution (1Y)

1.72%

Diluted EPS (TTM)

1.48

Peers (Alternatives to Tradeweb Markets)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
64.6B
5.0B
-4.16% -26.67%
24
12.87
7.03% 2.07%
54.0B
9.6B
-7.24% -28.09%
37.35
5.61
5.10% -64.37%
25.8B
6.2B
-7.56% -69.74%
22.94
4.14
5.78% -5.22%
24.5B
6.5B
-3.27% -24.36%
12.06
3.54
-15.43% -49.47%
13.5B
4.0B
-1.08% 10.70%
57.29
3.4
13.27% -55.58%
MID-CAP
8.1B
2.7B
-8.57% 20.79%
4.4
3.02
95.77% 12.59%
7.4B
2.0B
-7.56% -5.83%
15.63
3.73
3.79% -13.01%
6.4B
4.6B
-11.90% -16.52%
9.65
1.39
-3.98% -19.72%
2.0B
64.7B
-4.81% 27.03%
8.19
0.03
35.87% 74.73%
SMALL-CAP
1.9B
1.8B
19.43% 13.66%
38.4
1.04
16.43% -60.72%
1.8B
2.4B
-13.64% -50.86%
6.65
0.74
-15.89% -44.42%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
819.0M
10.3M
0.54% -9.69%
-15.41
79.58
-29.47% -152.67%
742.8M
301.3M
9.41% -21.41%
14.66
2.47
-0.98% 1.78%
424.5M
1.1B
-12.90% -8.54%
13.12
0.38
-20.31% -79.65%

Financials for Tradeweb Markets

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue1.4%1,1891,1731,1511,1151,076
EBITDA3.1%628609584557540
EBITDA Margin1.7%0.53*0.52*0.50*0.50*0.50*
Earnings Before Taxes2.1%437428407383370
EBT Margin0.7%0.37*0.37*0.35*0.34*0.34*
Interest Expenses284.6%12.003.00-0.68-1.54-1.59
Net Income4.1%309297283267227
Net Income Margin2.7%0.26*0.25*0.22*0.22*0.21*
Free Cahsflow3.1%610591574546561
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.0%6,2606,1375,9906,0015,990
    Cash Equivalents13.2%1,2571,110960828972
  Net PPE11.9%37.0033.0035.0035.0031.00
  Goodwill0%2,7802,7802,7802,7802,780
Liabilities4.5%714683619707681
Shareholder's Equity1.7%4,9544,8695,3715,2944,646
  Retained Earnings11.0%387348305262243
  Additional Paid-In Capital0.8%4,5774,5424,4204,3894,401
Shares Outstanding0.6%206205204--
Minority Interest1.3%593585656645663
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations2.7%633616597568578
  Share Based Compensation3.4%67.0064.0063.0055.0052.00
Cashflow From Investing0.1%-60.10-60.15-57.83-264-259
Cashflow From Financing-11.8%-276-247-248-279-136
  Buy Backs28.5%99.0077.0080.0012376.00

Risks for TW

What is the probability of a big loss on TW?

60.8%


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

22.5%


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

12.9%


Probability that Tradeweb 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 TW drawdown profile look like?

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

Drawdowns

Returns for TW

Cumulative Returns on TW

26.8%


3-Year Cumulative Returns

Which funds bought or sold TW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-2.51
710,218
6,532,220
0.01%
2023-03-06
Rockefeller Capital Management L.P.
added
7.03
39,000
208,000
-%
2023-02-28
Voya Investment Management LLC
added
4,570
99,316,100
101,199,000
0.14%
2023-02-22
CVA Family Office, LLC
sold off
-100
-
-
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
new
-
23,050
23,050
-%
2023-02-21
Alamar Capital Management, LLC
added
25.48
588,496
1,913,500
1.96%
2023-02-21
MACQUARIE GROUP LTD
reduced
-1.61
51,108
444,108
-%
2023-02-21
KB FINANCIAL PARTNERS, LLC
unchanged
-
2,000
13,000
-%
2023-02-17
TRUIST FINANCIAL CORP
new
-
228,166
228,166
-%
2023-02-15
LAZARD ASSET MANAGEMENT LLC
added
0.03
176,000
1,342,000
-%

1–10 of 42

Latest Funds Activity

Are funds buying TW calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own TW
No. of Funds

Tradeweb Markets News

Investing.com UK

Schwab Impervious To A Bank Run? CEO Says Firm Is 100 ....

Investing.com UK,
12 hours ago

Investor's Business Daily

Investor's Business Daily

Seeking Alpha

Business Wire

The Motley Fool

Schedule 13G FIlings of Tradeweb Markets

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 22, 2023
london stock exchange group plc
17.2%
22,988,329
SC 13D/A
Feb 14, 2023
t. rowe price investment management, inc.
6.6%
7,322,321
SC 13G
Feb 13, 2023
ownership capital b.v.
4.68%
5,194,980
SC 13G/A
Feb 13, 2023
capital research global investors
0.0%
0
SC 13G/A
Feb 09, 2023
vanguard group inc
9.25%
10,276,137
SC 13G/A
Feb 06, 2023
wellington management group llp
5.56%
6,173,424
SC 13G
Feb 01, 2023
blackrock inc.
12.0%
13,366,523
SC 13G/A
Jul 08, 2022
london stock exchange group plc
17.6%
22,988,329
SC 13D/A
Jun 09, 2022
blackrock inc.
11.0%
11,850,068
SC 13G
Feb 14, 2022
price t rowe associates inc /md/
11.8%
12,486,962
SC 13G/A

TW Fair Value

Tradeweb Markets fair value in different scenarios

The table shows the Fair Value estimates for Tradeweb Markets 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

-

-

-

-

-

-

-

-
Current Inflation

29.82

-59.68%

36.75

-50.30%

47.99

-35.10%

58.67

-20.66%

67.31

-8.98%
Very High Inflation

-

-

-

-

-

-

-

-

-

-

Historical Tradeweb Markets Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Tradeweb Markets

View All Filings
Date Filed Form Type Document
Mar 23, 2023
ARS
ARS
Mar 23, 2023
DEF 14A
DEF 14A
Mar 23, 2023
DEFA14A
DEFA14A
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
4
Insider Trading

Latest Insider Trading transactions for TW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-22
Peterson Justin
sold
-145,539
75.02
-1,940
chief technology officer
2023-03-21
Hult William
acquired
617,700
20.59
30,000
chief executive officer
2023-03-21
Hult William
sold
-2,259,460
75.3154
-30,000
chief executive officer
2023-03-20
Furber Sara
sold
-169,170
75.2199
-2,249
chief financial officer
2023-03-20
Peterson Justin
sold
-222,308
75.2057
-2,956
chief technology officer
2023-03-20
Bruni Enrico
acquired
-
-
36.00
managing director, europe/asia
2023-03-20
Peterson Justin
acquired
-
-
24.00
chief technology officer
2023-03-20
Zucker Scott
sold (taxes)
-115,261
75.04
-1,536
chief admin. and risk officer
2023-03-20
Hult William
acquired
926,550
20.59
45,000
chief executive officer
2023-03-20
Friedman Douglas
sold (taxes)
-115,261
75.04
-1,536
general counsel and secretary

1–10 of 50

Lee Olesky
1050
Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 45 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. Tradeweb Markets Inc. was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.

TW Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Total revenue$ 1,188,781$ 1,076,447$ 892,659
Expenses   
Employee compensation and benefits432,421407,260349,658
Depreciation and amortization178,879171,308153,789
Technology and communications65,85756,18947,500
General and administrative46,56132,15334,822
Professional fees37,76436,18128,875
Occupancy14,72614,52814,660
Total expenses776,208717,619629,304
Operating income412,573358,828263,355
Tax receivable agreement liability adjustment[1]13,65312,74511,425
Net interest income (expense)11,907(1,590)(316)
Income (loss) from investments(1,000)00
Income before taxes437,133369,983274,464
Provision for income taxes(77,520)(96,875)(56,074)
Net income359,613273,108218,390
Less: Net income attributable to non-controlling interests50,27546,28052,094
Net income attributable to Tradeweb Markets Inc.$ 309,338$ 226,828$ 166,296
Earnings per share attributable to Tradeweb Markets Inc. Class A and B common stockholders:   
Basic (in dollars per share)$ 1.50$ 1.13$ 0.92
Diluted (in dollars per share)$ 1.48$ 1.09$ 0.88
Weighted average shares outstanding:   
Basic (in shares)205,576,637201,419,081180,409,462
Diluted (in shares)208,400,040207,254,840188,223,032
Transaction fees and commissions   
Revenues   
Total revenue$ 950,269$ 846,354$ 681,588
Subscription fees   
Revenues   
Total revenue165,922158,448142,358
Refinitiv market data fees   
Revenues   
Total revenue62,72161,16159,706
Other   
Revenues   
Total revenue$ 9,869$ 10,484$ 9,007
[1]See Note 10 – Tax Receivable Agreement.