Added to YB: 2026-07-01
Pitch date: 2026-06-28
MIAX [bullish]
Miami International Holdings, Inc.
-2.82%
current return
Author Info
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Company Info
Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities.
Market Cap
$3.6B
Pitch Price
$38.24
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.13
P/E
25.24
EV/Sales
2.15
Sector
Capital Markets
Category
growth
$MIAX real operating leverage in its options-revenue segment through its Access & Market Data fees.
MIAX: Options exchange w/ real operating leverage via Access & Market Data fees ($46m, ~100% margin, 36% net rev, +45% YoY). Transaction/clearing 72% rev but low net capture ($74m vs $223m rebates). Volume share gains flow to bottom line. Stock slid from $57 on Feb 10 lock-up expiry (~80M shares), insider selling—technical, not fundamental. Buy quality growth cheap.
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