$MarketAxess (MKTX.US)$It is a credit trading platform. Reve...
$MarketAxess(MKTX.US$It is a credit trading platform. Revenue has continued to grow over the past 5 years, with an average growth rate of 12.8%, and operating profit reaching a high point in 2020. In the last two years, it has continued to decline due to rapid increases in costs and expenses. The 5-year average growth rate is 10.3%. Net profit has also declined in the past two years, with an average 5-year growth rate of 11%.
In the first two quarters of 2023, revenue increased by 4%, operating profit shrank by 1.1%, and net profit increased by 1.4%.
Currently, the price-earnings ratio is 37.5, and the price-earnings ratio TTM has dropped slightly to 37.2, which is too high compared to the estimated growth rate.
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