TSE:X

TMX Group (X.TO)

50.25
-0.43 (0.85%)
as of Jul 16, 2026, 8:00:00 pm Market Open.
83 watching
0
Investor Insights
star iconJul 16, 2026, 12:00 am

This summary was created by AI, based on 22 opinions in the last 12 months.

TMX Group, known for its strong positioning in Canadian capital markets, has experienced volatility recently due to broader concerns about AI disruptions and falling commodity prices. Despite these challenges, several analysts express confidence in the company's robust business model, emphasizing its unique data analytics and recurring revenue streams. The company's recent acquisitions, including Cboe and VettaFi, are viewed as beneficial for long-term growth. With a solid foundation and a track record of increasing trading volumes, many experts see current pricing as an opportunity to buy, especially as the stock has pulled back to critical support levels. The potential for continued growth in data analytics and the overall strength of the Canadian markets contribute to a generally optimistic outlook for TMX Group.

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Consensus
Buy
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Valuation
Undervalued
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CME
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Market volatility helped trading volume. Integration of recent acquisitions continue. Balance sheet improved. Actvely pursuing M&A opportunities.
COMMENT
Canadian stocks are undervalued compared to global stocks. Energy is especially undervalued. The U.S. dollar has been strong but it might start to settle down. Building mines is harder to do in Canada and the U.S. due to government regulation and politics. It is easier in Australia. Mines and Energy are both an important part of the TSX.
COMMENT
The TSX company. It is not at a high multiple but has been in a trading range with not many new issues. Yield is 2.6%.
BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Market volatility helped trading volume. Integration of recent acquisitions continue. Balance sheet improved. Actvely pursuing M&A opportunities. Unlock Premium - Try 5i Free

HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research Business model provides market ‘hedge’. Gaining market share via acquisitions. Increased dividend by 8%. Attractive valuation compared to history. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Growth is expected to slow down to 5-7% in the next three years. Margins could see some pressure from higher operating costs and higher amortisation. It benefits regardless of sentiment change or interest rates hikes. Still attractive overall at 17x earnings. Unlock Premium - Try 5i Free

DON'T BUY
Depends on new listings and revenues through data feeds. Entirely reliant on its technology. Valuation is 18x earnings, but outlook for growth is flat over next couple of years. Competitive pressures from the US. He's wary. Stay away.
PAST TOP PICK
(A Top Pick Apr 01/21, Up 0.4%) Terrific 2021. Underlevered, stable. Can buy back stock or make acquisitions. Good long-term winner. Good alternative to the banks. True, when markets drop, their fees drop. Strong commodities, utilities, and oil in Canada could help deliver surprises.
BUY
The exchanges have done very well in recent years. Good free cash flow. Indexing (ETFs) are a tailwind. New stock exchange highs signal good business. These stocks do very well over time.
WATCH
It'll remain sideways near-term, but in the past 10 years it's performed huge. It enjoys nearly a monopoly in Canada and have done well diversifying like selling data to the financial industry and into derivatives. The outlook is good. Probably is the stock isn't cheap. Watch for a pullback.
TOP PICK
Defensive, financial business. Will benefit from rising stock prices. Exchange listing, but also a data analytics business. Way undervalued for the quality. Wants to see management unlock its value. $175+ stock going forward. Clean balance sheet. Tailwinds as markets stay strong. Yield is 2.14%. (Analysts’ price target is $146.00)
BUY ON WEAKNESS
They enjoyed an outstanding finish to end 2020. Trading volumes were very high, though derivatives were busier in the States. TMX is expensive now, trading at 21x expected earnings this year, which is a little rich. If it were 16x PE or 15% less expensive, he'd be interested. Has some good growth prospects.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has a more or less monopoly position within the industry in Canada. Offers a good combination of capital appreciation and dividend growth. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is large and has a quasi-monopolistic industry position. It has shown some dividend growth and yields 2.08%. Unlock Premium - Try 5i Free

BUY
A company that has done well over 2020. It is not a cyclical business since all businesses listed on the TSX has to pay fees. TMX database access fees and software fees are still getting paid. They raised their dividends this year. The new CEO is looking for more international listings and to leverage more. A great company.
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