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 $46.9B against $36.8B — 1.3× the size. Cboe Global Markets, Inc. trades at the lower P/E: 25.0× against 34.8×. Cboe Global Markets, Inc. grew revenue faster over the last twelve months: 14.3% against 12.3%. MSCI Inc has the higher net margin (40.3% vs 27.9%) and the higher return on invested capital (34.7% vs 25.7%). Both pay a dividend; MSCI Inc yields more (1.21% vs 0.86%). Across the 20 metrics below, Cboe Global Markets, Inc. leads on 12 and MSCI Inc on 8.

Valuation

Metric CBOE MSCI Financial Data & Stock Exchanges median
P/E 24.98 34.79 24.85
P/S 6.97 13.83 6.75
P/B 6.21 n/m 4.56
Price to free cash flow 14.53 32.64 20.23
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.00% 2.87% 4.00%
Free cash flow yield 6.88% 3.06% 4.59%

Profitability

Metric CBOE MSCI Financial Data & Stock Exchanges median
Gross margin 53.88% 82.89% 72.83%
Operating margin 36.37% 55.65% 29.06%
Net margin 27.94% 40.31% 25.36%
Free cash flow margin 47.94% 42.38% 32.14%
Return on equity 27.28% (56.11%) 17.00%
Return on assets 14.53% 25.19% 8.22%
Return on invested capital 25.71% 34.71% 10.55%

Growth

Metric CBOE MSCI Financial Data & Stock Exchanges median
Revenue growth (TTM) 14.31% 12.34% 10.44%
EPS growth (last fiscal year) 44.52% 11.67% 13.54%
Revenue growth, 5-year CAGR 6.59% 13.08% 9.24%
Net income growth, 5-year CAGR 18.58% 14.84% 10.85%

Health

Metric CBOE MSCI Financial Data & Stock Exchanges median
Debt to equity 0.24 (2.23) 0.67
Current ratio 1.61 0.82 1.04
Net debt to EBITDA (0.49) 2.93 1.20

Dividend

Metric CBOE MSCI Financial Data & Stock Exchanges median
Dividend yield 0.86% 1.21% 1.13%
Payout ratio 0.21 0.42 0.29

Size

Metric CBOE MSCI Financial Data & Stock Exchanges median
Market cap 36.84b 46.90b 38.07b

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