Professional
Added to YB: 2024-10-15
Pitch date: 2024-10-14
CME [bullish]
CME Group Inc.
+38.58%
current return
Author Info
Upslope Capital is an alternative investment management firm based in Colorado. They manage a global long/short public equity investment strategy. Follow on Twitter/X.
Company Info
CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide.
Market Cap
$105.1B
Pitch Price
$208.76
Price Target
N/A
Dividend
3.91%
EV/EBITDA
20.43
P/E
24.75
EV/Sales
15.77
Sector
Capital Markets
Category
value
Upslope Capital New Position: CME Group Inc.
CME: Leading derivatives exchange, 70% EBITDA margins. Out of favor vs peers due to competition fears (FMX launch) & rate cycle end. Trades cheap at 10yr low fwd P/E. 82% rev from trading, benefits from volatility. Strong position in rates, commodities. Risks: vol decline, FMX growth, M&A, execution errors.
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