Added to YB: 2025-12-11
Pitch date: 2025-10-16
MKTX [bullish]
MarketAxess Holdings Inc.
+6.35%
current return
Author Info
No bio for this author
Company Info
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally.
Market Cap
$6.7B
Pitch Price
$169.92
Price Target
N/A
Dividend
1.74%
EV/EBITDA
14.70
P/E
27.01
EV/Sales
7.62
Sector
Capital Markets
Category
value
MarketAxess Holdings Inc. - $MKTX
MKTX: Electronic fixed-income trading platform 70% off highs despite 50% EBITDA margins, 30%+ ROIC, $360M FCF. Lost market share to competitors but new products gaining traction (portfolio trading +69%, automation +29%). Benefits from secular shift to electronic trading (44% corp bonds vs 41% prior). Cyclical headwinds reversing. Potential takeover target.
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