Company Valuation: CME Group Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 65,354 82,108 60,492 75,815 83,687 1,10,618 1,10,618 -
Change - 25.64% -26.33% 25.33% 10.38% 32.18% 0% -
Enterprise Value (EV) 1 67,064 82,719 61,210 76,216 84,109 97,353 1,11,750 1,11,503
Change - 23.34% -26% 24.52% 10.36% 15.75% 0.01% -0.22%
P/E ratio 31x 31.3x 22.7x 23.8x 24x 24.5x 27.8x 26.3x
PBR 2.48x 2.99x 2.25x 2.83x 3.16x 3.94x 3.89x 3.51x
PEG - 1.3x 15.04x 1.2x 2.63x 1.6x 16.49x 4.88x
Capitalization / Revenue 13.4x 17.5x 12.1x 13.6x 13.7x 15.1x 16.1x 15.3x
EV / Revenue 13.7x 17.6x 12.2x 13.7x 13.7x 14.9x 16.2x 15.4x
EV / EBITDA 20.8x 26.4x 18.1x 20.1x 19.6x 21x 22.5x 21.3x
EV / EBIT 21.8x 27.7x 18.9x 20.8x 20.1x 21.5x 23.1x 21.9x
EV / FCF 26.6x 36.4x 20.6x 22.6x 23.4x 27.4x 26.9x 23.7x
FCF Yield 3.75% 2.75% 4.85% 4.43% 4.28% 3.65% 3.72% 4.23%
Dividend per Share 2 5.9 6.85 8.5 9.65 12 9.723 11.07 11.29
Rate of return 3.24% 3% 5.05% 4.58% 5.17% 3.17% 3.61% 3.68%
EPS 2 5.87 7.29 7.4 8.86 9.67 11.16 11.05 11.65
Distribution rate 101% 94% 115% 109% 124% 89.5% 100% 97%
Net sales 1 4,884 4,690 5,019 5,579 6,130 6,521 6,879 7,235
EBITDA 1 3,225 3,128 3,378 3,786 4,298 4,632 4,957 5,236
EBIT 1 3,082 2,982 3,243 3,660 4,184 4,525 4,839 5,101
Net income 1 2,105 2,636 2,657 3,186 3,482 4,021 3,902 3,862
Net Debt 1 1,710 610.2 718.3 401.7 422.4 -1,120 1,132 885.6
Reference price 2 182.05 228.46 168.16 210.60 232.23 306.76 306.76 306.76
Nbr of stocks (in thousands) 3,58,991 3,59,399 3,59,728 3,59,993 3,60,362 3,60,600 3,60,600 -
Announcement Date 10/02/21 09/02/22 08/02/23 14/02/24 12/02/25 04/02/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.27x17.15x24.21x3.16% 11TCr
35.41x9.57x17.7x0.52% 2.46TCr
48.88x23.76x34.4x0.64% 1.36TCr
25.11x9.02x14.13x3.04% 1.14TCr
22.15x8.27x13.95x3.45% 771.81Cr
49.88x28.35x38.93x0.86% 684.49Cr
46.73x16.38x46.64x1.4% 500.11Cr
23.39x18.24x18.41x3.51% 365.69Cr
-45.42x-1000.66x-2300.09x - 353.07Cr
24.62x10.8x14.84x - 212.47Cr
Average 25.90x -85.91x -207.69x 2.07% 1.89TCr
Weighted average by Cap. 30.00x -2.87x -19.40x 2.5%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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