TMX Group Limited
TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada, the United States, the United Kingdom, Germany, and internationally. It operates in four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing. The Global Solutions, Insights & Analytics segment d… Read more
TMX Group Limited (TMXXF) - Net Assets
Latest net assets as of September 2025: $3.55 Billion USD
Based on the latest financial reports, TMX Group Limited (TMXXF) has net assets worth $3.55 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($36.16 Billion) and total liabilities ($32.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.55 Billion |
| % of Total Assets | 9.81% |
| Annual Growth Rate | 12.93% |
| 5-Year Change | 33.52% |
| 10-Year Change | 71.1% |
| Growth Volatility | 82.46 |
TMX Group Limited - Net Assets Trend (2002–2024)
This chart illustrates how TMX Group Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TMX Group Limited (2002–2024)
The table below shows the annual net assets of TMX Group Limited from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $4.82 Billion | +11.58% |
| 2023-12-31 | $4.32 Billion | +2.72% |
| 2022-12-31 | $4.21 Billion | +13.53% |
| 2021-12-31 | $3.71 Billion | +2.62% |
| 2020-12-31 | $3.61 Billion | +3.21% |
| 2019-12-31 | $3.50 Billion | +3.50% |
| 2018-12-31 | $3.38 Billion | +6.22% |
| 2017-12-31 | $3.18 Billion | +8.97% |
| 2016-12-31 | $2.92 Billion | +3.63% |
| 2015-12-31 | $2.82 Billion | -4.33% |
| 2014-12-31 | $2.95 Billion | -0.84% |
| 2013-12-31 | $2.97 Billion | +2.46% |
| 2012-12-31 | $2.90 Billion | +137.27% |
| 2011-12-31 | $1.22 Billion | +12.17% |
| 2010-12-31 | $1.09 Billion | +39.40% |
| 2009-12-31 | $781.49 Million | -3.76% |
| 2008-12-31 | $812.00 Million | +372.34% |
| 2007-12-31 | $171.91 Million | -24.25% |
| 2006-12-31 | $226.96 Million | +27.65% |
| 2005-12-31 | $177.79 Million | -36.68% |
| 2004-12-31 | $280.81 Million | +29.23% |
| 2003-12-31 | $217.29 Million | -34.54% |
| 2002-12-31 | $331.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TMX Group Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 166285000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.62 Billion | 35.45% |
| Common Stock | $2.80 Billion | 61.08% |
| Other Comprehensive Income | $148.20 Million | 3.24% |
| Other Components | $10.70 Million | 0.23% |
| Total Equity | $4.58 Billion | 100.00% |
TMX Group Limited Competitors by Market Cap
The table below lists competitors of TMX Group Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solventum Corp.
NYSE:SOLV
|
$10.12 Billion |
|
Covestro AG
PINK:CVVTF
|
$10.12 Billion |
|
MTU Aero Engines NA O.N.
LSE:0FC9
|
$10.13 Billion |
|
Universal Health Services Inc
NYSE:UHS
|
$10.14 Billion |
|
New China Life Insurance Company Ltd
PINK:NWWCF
|
$10.11 Billion |
|
Intertek Group plc
PINK:IKTSF
|
$10.08 Billion |
|
AES Corp.
LSE:0H6G
|
$10.07 Billion |
|
II-VI Inc.
LSE:0LHO
|
$10.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TMX Group Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,107,600,000 to 4,577,400,000, a change of 469,800,000 (11.4%).
- Net income of 481,500,000 contributed positively to equity growth.
- Dividend payments of 208,100,000 reduced retained earnings.
- Other comprehensive income increased equity by 160,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $481.50 Million | +10.52% |
| Dividends Paid | $208.10 Million | -4.55% |
| Other Comprehensive Income | $160.90 Million | +3.52% |
| Other Changes | $35.50 Million | +0.78% |
| Total Change | $- | 11.44% |
Book Value vs Market Value Analysis
This analysis compares TMX Group Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 37.36x to 2.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $0.98 | $36.75 | x |
| 2003-12-31 | $0.50 | $36.75 | x |
| 2004-12-31 | $0.82 | $36.75 | x |
| 2005-12-31 | $0.52 | $36.75 | x |
| 2006-12-31 | $0.66 | $36.75 | x |
| 2007-12-31 | $0.50 | $36.75 | x |
| 2008-12-31 | $2.16 | $36.75 | x |
| 2009-12-31 | $2.08 | $36.75 | x |
| 2010-12-31 | $2.88 | $36.75 | x |
| 2011-12-31 | $6.36 | $36.75 | x |
| 2012-12-31 | $26.70 | $36.75 | x |
| 2013-12-31 | $10.67 | $36.75 | x |
| 2014-12-31 | $10.71 | $36.75 | x |
| 2015-12-31 | $10.25 | $36.75 | x |
| 2016-12-31 | $10.66 | $36.75 | x |
| 2017-12-31 | $11.42 | $36.75 | x |
| 2018-12-31 | $12.05 | $36.75 | x |
| 2019-12-31 | $12.37 | $36.75 | x |
| 2020-12-31 | $12.68 | $36.75 | x |
| 2021-12-31 | $13.12 | $36.75 | x |
| 2022-12-31 | $14.24 | $36.75 | x |
| 2023-12-31 | $14.72 | $36.75 | x |
| 2024-12-31 | $16.43 | $36.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TMX Group Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.98%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 8.78x
- Recent ROE (10.52%) is below the historical average (18.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 16.20% | 24.90% | 0.56x | 1.16x | $20.57 Million |
| 2003 | 35.14% | 32.67% | 0.85x | 1.26x | $54.62 Million |
| 2004 | 35.04% | 33.29% | 0.31x | 3.45x | $70.32 Million |
| 2005 | 58.13% | 35.64% | 0.19x | 8.76x | $85.57 Million |
| 2006 | 57.95% | 37.28% | 0.22x | 6.93x | $108.83 Million |
| 2007 | 86.50% | 35.02% | 0.28x | 8.86x | $131.51 Million |
| 2008 | 22.90% | 34.16% | 0.14x | 4.64x | $102.49 Million |
| 2009 | 13.59% | 18.69% | 0.16x | 4.57x | $27.64 Million |
| 2010 | 22.20% | 38.00% | 0.21x | 2.77x | $130.64 Million |
| 2011 | -3.12% | -5.54% | 0.20x | 2.84x | $-156.95 Million |
| 2012 | 0.54% | 5.13% | 0.02x | 4.99x | $-266.52 Million |
| 2013 | 4.29% | 17.69% | 0.04x | 5.71x | $-164.88 Million |
| 2014 | 3.46% | 14.01% | 0.05x | 5.14x | $-190.38 Million |
| 2015 | -1.88% | -7.29% | 0.04x | 6.10x | $-331.10 Million |
| 2016 | 6.72% | 28.73% | 0.03x | 7.60x | $-95.67 Million |
| 2017 | 11.56% | 55.02% | 0.03x | 8.05x | $49.72 Million |
| 2018 | 8.46% | 34.85% | 0.03x | 9.36x | $-52.08 Million |
| 2019 | 7.08% | 30.69% | 0.02x | 9.25x | $-102.31 Million |
| 2020 | 7.74% | 32.33% | 0.02x | 10.00x | $-81.45 Million |
| 2021 | 9.13% | 34.52% | 0.02x | 17.05x | $-32.11 Million |
| 2022 | 13.61% | 48.68% | 0.02x | 14.04x | $143.98 Million |
| 2023 | 8.67% | 12.28% | 0.05x | 15.66x | $-54.76 Million |
| 2024 | 10.52% | 32.98% | 0.04x | 8.78x | $23.76 Million |
Industry Comparison
This section compares TMX Group Limited's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $9,077,174,558
- Average return on equity (ROE) among peers: -171.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TMX Group Limited (TMXXF) | $3.55 Billion | 16.20% | 9.19x | $10.11 Billion |
| ASX Limited (ASXFF) | $2.76 Billion | 10.63% | 2.45x | $7.32 Billion |
| B3 S.A. - Brasil Bolsa Balcão (BOLSY) | $25.40 Billion | 10.69% | 0.58x | $16.93 Billion |
| Bolsa Mexicana de Valores S.A.B. de C.V (BOMXF) | $7.67 Billion | 19.68% | 0.15x | $1.05 Billion |
| Bursa Malaysia Bhd Ord (BSMAF) | $827.48 Million | 20.92% | 1.10x | $835.52 Million |
| Bit Origin Ltd (BTOG) | $909.58K | -1927.48% | 6.35x | $2.63 Million |
| Cboe Global Markets Inc (CBOE) | $3.60 Billion | 14.67% | 0.89x | $30.38 Billion |
| CME Group Inc (CME) | $28.73 Billion | 14.08% | 5.91x | $110.13 Billion |
| Coinbase Global Inc (COIN) | $10.28 Billion | 25.10% | 1.19x | $46.24 Billion |
| Deutsche Börse AG (DBOEF) | $11.26 Billion | 17.31% | 18.73x | $44.04 Billion |
| Dun & Bradstreet Holdings Inc. (DNB) | $250.60 Million | 82.44% | 4.68x | $2.89 Billion |