Discounted Cash Flow
Marketaxess Holdings Inc.
—
—
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
—
%
%
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $369.9m | $126.2m | $73.9m | 34.1% | $3.42 |
| 2017 | $397.5m (7.4%) | $148.1m (17.4%) | $155.9m (111.0%) | 37.3% (9.2%) | $4.02 (17.5%) |
| 2018 | $435.6m (9.6%) | $172.9m (16.7%) | $188.0m (20.6%) | 39.7% (6.5%) | $4.68 (16.4%) |
| 2019 | $511.4m (17.4%) | $204.9m (18.5%) | $253.6m (34.9%) | 40.1% (1.0%) | $5.53 (18.2%) |
| 2020 | $689.1m (34.8%) | $299.4m (46.1%) | $389.5m (53.6%) | 43.4% (8.4%) | $8.01 (44.8%) |
| 2021 | $699.0m (1.4%) | $257.9m (-13.9%) | $264.6m (-32.1%) | 36.9% (-15.1%) | $6.88 (-14.1%) |
| 2022 | $718.3m (2.8%) | $250.2m (-3.0%) | $276.1m (4.3%) | 34.8% (-5.6%) | $6.68 (-2.9%) |
| 2023 | $752.5m (4.8%) | $258.1m (3.1%) | $324.4m (17.5%) | 34.3% (-1.6%) | $6.87 (2.8%) |
| 2024 | $817.1m (8.6%) | $274.2m (6.2%) | $375.3m (15.7%) | 33.6% (-2.1%) | $7.29 (6.1%) |
| 2025 | $846.3m (3.6%) | $246.6m (-10.0%) | $373.9m (-0.4%) | 29.1% (-13.2%) | $6.66 (-8.6%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.