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 98,473 101,914 - -
Change - -26.33% 25.33% 10.38% 17.67% 3.49% - -
Enterprise Value (EV) 1 82,719 61,210 76,216 84,109 97,353 101,349 101,317 101,308
Change - -26% 24.52% 10.36% 15.75% 4.11% -0.03% -0.01%
P/E ratio 31.3x 22.7x 23.8x 24x 24.5x 23.7x 22.5x 21.5x
PBR 2.99x 2.25x 2.83x 3.16x 3.41x 3.72x 3.33x 2.77x
PEG - 15.04x 1.2x 2.63x 1.6x 3.67x 4.46x 4.36x
Capitalization / Revenue 17.5x 12.1x 13.6x 13.7x 15.1x 14.5x 13.9x 13.2x
EV / Revenue 17.6x 12.2x 13.7x 13.7x 14.9x 14.4x 13.8x 13.1x
EV / EBITDA 26.4x 18.1x 20.1x 19.6x 21x 20.2x 19.4x 18.1x
EV / EBIT 27.7x 18.9x 20.8x 20.1x 21.5x 20.6x 19.6x 18.3x
EV / FCF 36.4x 20.6x 22.6x 23.4x 23.2x 21.9x 20.6x 19.4x
FCF Yield 2.75% 4.85% 4.43% 4.28% 4.31% 4.57% 4.85% 5.15%
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% 4.1% 4.18% 4.49%
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 2 228.46 168.16 210.60 232.23 273.08 281.25 281.25 281.25
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.67x14.4x20.18x4.1% 102B
29.91x8.82x16.14x0.56% 23.17B
64.93x30.87x47.54x0.48% 17.04B
24.36x9.03x15.3x3.28% 12.22B
61.5x35.58x48.46x0.85% 8.36B
22x8.27x13.74x3.48% 8.18B
20.28x-1110.05x-2389.39x - 4.93B
36.11x13.92x36.2x1.66% 4.38B
21.21x14.56x14.69x4.16% 3.2B
20.02x8.35x11.27x4.58% 1.88B
Average 32.40x -96.63x -216.59x 2.57% 18.53B
Weighted average by Cap. 30.05x -14.43x -41.04x 3.02%

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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