Company Valuation: CME Group Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 82,108 60,492 75,815 83,687 98,473 107,874 - -
Change - -26.33% 25.33% 10.38% 17.67% 9.55% - -
Enterprise Value (EV) 1 82,719 61,210 76,216 84,109 97,353 107,310 107,277 107,269
Change - -26% 24.52% 10.36% 15.75% 10.23% -0.03% -0.01%
P/E ratio 31.3x 22.7x 23.8x 24x 24.5x 25.1x 23.9x 22.7x
PBR 2.99x 2.25x 2.83x 3.16x 3.41x 3.94x 3.53x 2.94x
PEG - 15.04x 1.2x 2.63x 1.6x 3.88x 4.73x 4.6x
Capitalization / Revenue 17.5x 12.1x 13.6x 13.7x 15.1x 15.3x 14.7x 13.9x
EV / Revenue 17.6x 12.2x 13.7x 13.7x 14.9x 15.2x 14.6x 13.9x
EV / EBITDA 26.4x 18.1x 20.1x 19.6x 21x 21.4x 20.6x 19.1x
EV / EBIT 27.7x 18.9x 20.8x 20.1x 21.5x 21.8x 20.7x 19.4x
EV / FCF 36.4x 20.6x 22.6x 23.4x 23.2x 23.2x 21.9x 20.6x
FCF Yield 2.75% 4.85% 4.43% 4.28% 4.31% 4.31% 4.58% 4.86%
Dividend per Share 2 6.85 8.5 9.65 12 5 11.54 11.77 12.62
Rate of return 3% 5.05% 4.58% 5.17% 1.83% 3.88% 3.95% 4.24%
EPS 2 7.29 7.4 8.86 9.67 11.16 11.88 12.48 13.1
Distribution rate 94% 115% 109% 124% 44.8% 97.1% 94.3% 96.4%
Net sales 1 4,690 5,019 5,579 6,130 6,521 7,038 7,336 7,744
EBITDA 1 3,128 3,378 3,786 4,298 4,632 5,023 5,218 5,609
EBIT 1 2,982 3,243 3,660 4,184 4,525 4,930 5,170 5,533
Net income 1 2,636 2,657 3,186 3,482 4,021 4,389 4,425 4,513
Net Debt 1 610.2 718.3 401.7 422.4 -1,120 -564.1 -597 -605.2
Reference price 2 228.46 168.16 210.60 232.23 273.08 297.70 297.70 297.70
Nbr of stocks (in thousands) 359,399 359,728 359,993 360,362 360,600 362,359 - -
Announcement Date 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.($)
25.06x15.25x21.37x3.88% 108B
31.33x8.68x15.85x0.53% 23.38B
66.92x31.62x48.67x0.46% 17.22B
23.62x8.74x14.81x3.38% 11.73B
66.29x38.47x52.4x0.79% 8.91B
22.11x8.32x13.81x3.46% 8.2B
21.97x-1109.17x-2387.49x - 5.39B
38.96x14.11x38.35x1.61% 4.33B
20.77x14.13x14.25x4.25% 3.13B
19.44x8.06x10.88x4.71% 1.82B
Average 33.65x -96.18x -215.71x 2.56% 19.2B
Weighted average by Cap. 31.38x -15.40x -43.65x 2.91%

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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