Miami International Holdings, Inc. (MIAX) vs TOP Financial Group Limited (TOP)

Miami International Holdings, Inc. and TOP Financial Group Limited are both Capital Markets companies. Miami International Holdings, Inc. is the larger, with a market value of $3.5B against $1.9B — 1.9× the size. Miami International Holdings, Inc. trades at the lower P/E: 29.3× against 179×. TOP Financial Group Limited has the higher net margin (27.8% vs 9.70%) and the lower return on invested capital (0.00% vs 16.1%). Across the 19 metrics below, Miami International Holdings, Inc. leads on 12 and TOP Financial Group Limited on 7.

Valuation

Metric MIAX TOP Capital Markets median
P/E 29.33 179.05 15.78
P/S 2.27 9.58 2.32
P/B 2.89 3.13 1.89
Price to free cash flow 13.81 4.34 6.25
EV/EBITDA 17.51 21.61 8.87
EV/Sales 1.79 5.80 2.28
Earnings yield 3.41% 0.56% (3.77%)
Free cash flow yield 7.24% 23.05% (1.49%)

Profitability

Metric MIAX TOP Capital Markets median
Gross margin 34.35% 70.64% 62.80%
Operating margin 7.92% 0.00% 0.00%
Net margin 9.70% 27.84% (0.55%)
Free cash flow margin 16.43% 220.73% 0.00%
Return on equity 18.75% 8.76% 0.00%
Return on assets 17.78% 3.28% 0.00%
Return on invested capital 16.10% 0.00% 0.00%

Growth

Metric MIAX TOP Capital Markets median
Revenue growth (TTM) — — 21.02%
EPS growth (last fiscal year) (173.17%) 81.25% —
Revenue growth, 5-year CAGR — (22.51%) 18.16%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MIAX TOP Capital Markets median
Debt to equity 0.00 0.02 0.08
Current ratio 2.61 2.65 1.51
Net debt to EBITDA (3.75) 24.92 (0.24)

Dividend

Metric MIAX TOP Capital Markets median
Dividend yield — — 2.20%
Payout ratio — — 0.00

Size

Metric MIAX TOP Capital Markets median
Market cap 3.54b 1.85b 724.58m

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