Cboe Global Markets, Inc. (CBOE) vs MSCI Inc (MSCI)

Cboe Global Markets, Inc. and MSCI Inc are both Financial Data & Stock Exchanges companies. MSCI Inc is the larger, with a market value of $41.8B against $32.2B — 1.3× the size. Cboe Global Markets, Inc. trades at the lower P/E: 24.5× against 31.1×. Cboe Global Markets, Inc. grew revenue faster over the last twelve months: 11.7% against 11.6%. MSCI Inc has the higher net margin (40.7% vs 26.6%) and the higher return on invested capital (34.8% vs 23.5%). Both pay a dividend; MSCI Inc yields more (1.40% vs 0.96%). Across the 20 metrics below, Cboe Global Markets, Inc. leads on 11 and MSCI Inc on 9.

Valuation

Metric CBOE MSCI Financial Data & Stock Exchanges median
P/E 24.50 31.06 23.59
P/S 6.52 12.43 6.89
P/B 5.87 n/m 4.00
Price to free cash flow 17.60 27.76 19.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.08% 3.22% 4.04%
Free cash flow yield 5.68% 3.60% 4.39%

Profitability

Metric CBOE MSCI Financial Data & Stock Exchanges median
Gross margin 54.08% 82.98% 70.90%
Operating margin 34.69% 55.66% 28.27%
Net margin 26.62% 40.73% 22.52%
Free cash flow margin 37.04% 44.77% 28.57%
Return on equity 26.19% (75.96%) 15.12%
Return on assets 13.71% 24.74% 6.82%
Return on invested capital 23.45% 34.78% 9.96%

Growth

Metric CBOE MSCI Financial Data & Stock Exchanges median
Revenue growth (TTM) 11.68% 11.62% 9.16%
EPS growth (last fiscal year) 44.52% 11.67% 15.41%
Revenue growth, 5-year CAGR 6.59% 13.08% 8.62%
Net income growth, 5-year CAGR 18.58% 14.84% 10.27%

Health

Metric CBOE MSCI Financial Data & Stock Exchanges median
Debt to equity 0.26 (2.37) 0.48
Current ratio 1.57 0.89 1.06
Net debt to EBITDA (0.49) 2.93 1.19

Dividend

Metric CBOE MSCI Financial Data & Stock Exchanges median
Dividend yield 0.96% 1.40% 1.28%
Payout ratio 0.24 0.43 0.32

Size

Metric CBOE MSCI Financial Data & Stock Exchanges median
Market cap 32.17b 41.81b 32.17b

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