CMC Markets PLC (GB:CMCX)
LSE:CMCX
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CMC Markets
(LSE:CMCX)
Select Model
Select Model
Rating:80Outperform
Price Target:
386.00 p
▲(16.27% Upside)
Action:ReiteratedDate:12/07/25
CMC Markets is well-positioned with strong financial performance and strategic corporate actions. The company's robust cash flow and low leverage enhance its stability. While technical indicators show bullish momentum, caution is advised due to overbought signals. The fair valuation and attractive dividend yield further support the stock's appeal.
Positive Factors
Low leverage and strong capital structure
Minimal financial leverage and a high equity ratio provide durable financial flexibility and resilience. This structure reduces bankruptcy risk, supports regulatory capital needs and allows the firm to fund operations, dividends or strategic initiatives without relying heavily on external debt.
Negative Factors
Revenue growth weakness
Sustained or recurring revenue decline undermines the ability to grow earnings and fund strategic initiatives. Falling top-line pressures scale benefits from fixed-cost margins and may force reliance on cost cuts or one-off measures, reducing long-term growth optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong capital structure
Minimal financial leverage and a high equity ratio provide durable financial flexibility and resilience. This structure reduces bankruptcy risk, supports regulatory capital needs and allows the firm to fund operations, dividends or strategic initiatives without relying heavily on external debt.
Read all positive factors
CMC Markets (CMCX) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£937.81M
Dividend Yield4.65%
Average Volume (3M)236.93K
Price to Earnings (P/E)4.5
Beta (1Y)0.57
Revenue Growth-10.92%
EPS Growth-24.05%
CountryUK
Employees1,071
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)0.13
Shares Outstanding279,815,460
10 Day Avg. Volume239,883
30 Day Avg. Volume236,929
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)1.36
Price to Sales (P/S)1.58
P/FCF Ratio3.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.3
Revenue Forecast (FY)£391.80M
CMC Markets Business Overview & Revenue Model
Company Description
CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and inte...
How the Company Makes Money
CMC Markets primarily generates revenue from client trading activity on leveraged products (notably CFDs and, where available, spread betting). The core economics are driven by trading-related income: (1) Spread/price markup: CMC typically earns t...
CMC Markets Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
81
Very Positive
Cash Flow
85
Very Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 362.09M | 360.10M | 359.75M | 322.17M | 323.85M | 455.52M |
| Gross Profit | 169.37M | 226.42M | 214.31M | 269.81M | 266.77M | 391.99M |
| EBITDA | 105.88M | 100.37M | 92.71M | 77.48M | 113.69M | 236.79M |
| Net Income | 62.87M | 62.19M | 46.89M | 41.44M | 71.48M | 178.11M |
Balance Sheet | ||||||
| Total Assets | 767.46M | 731.98M | 716.86M | 586.42M | 646.81M | 577.63M |
| Cash, Cash Equivalents and Short-Term Investments | 288.23M | 328.22M | 211.19M | 176.79M | 191.07M | 147.03M |
| Total Debt | 35.76M | 14.34M | 16.91M | 11.82M | 14.45M | 16.46M |
| Total Liabilities | 341.92M | 314.01M | 313.37M | 212.41M | 277.93M | 177.12M |
| Stockholders Equity | 425.05M | 417.97M | 403.49M | 374.01M | 368.88M | 400.52M |
Cash Flow | ||||||
| Free Cash Flow | 128.34M | 166.25M | 60.21M | 42.94M | 140.27M | 105.53M |
| Operating Cash Flow | 132.03M | 175.35M | 80.08M | 71.16M | 156.08M | 117.72M |
| Investing Cash Flow | 35.00K | -41.35M | -41.57M | -31.16M | -17.64M | -17.71M |
| Financing Cash Flow | -81.01M | -41.31M | -21.01M | -69.06M | -82.16M | -69.34M |
CMC Markets Technical Analysis
Positive
332.00
Price Trends
327.24
Positive
301.71
Positive
263.27
Positive
Market Momentum
4.98
Negative
53.91
Neutral
61.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CMCX, the sentiment is Positive. The current price of 332 is above the 20-day moving average (MA) of 331.60, above the 50-day MA of 327.24, and above the 200-day MA of 263.27, indicating a bullish trend. The MACD of 4.98 indicates Negative momentum. The RSI at 53.91 is Neutral, neither overbought nor oversold. The STOCH value of 61.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:CMCX.
CMC Markets Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | £2.84B | 12.16 | 47.78% | 4.70% | 1.09% | 4.88% | |
80 Outperform | £937.81M | 4.51 | 14.91% | 4.65% | -10.92% | -24.05% | |
78 Outperform | £4.76B | 10.55 | 20.39% | 3.62% | 9.46% | 32.24% | |
73 Outperform | £1.88B | 10.28 | 9.39% | 6.35% | 5.77% | 81.14% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
48 Neutral | £8.73M | -0.20 | ― | ― | ― | ― | |
46 Neutral | £557.29M | -2.93 | -9.28% | ― | -15.79% | -211.91% |
* Financial Sector Average
GB:CMCX
CMC Markets
336.00
139.74
71.20%
GB:CBG
Close Brothers Group
373.40
95.20
34.22%
GB:IGG
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1,414.00
490.67
53.14%
GB:PLUS
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4,056.00
1,436.48
54.84%
GB:TCAP
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266.00
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GB:WHI
WH Ireland Group plc
3.75
1.20
47.06%
CMC Markets Corporate Events
Business Operations and StrategyExecutive/Board Changes
CMC Markets Adds Senior Finance Lawyer Emma Earp to Board
Positive
Mar 24, 2026
CMC Markets has appointed senior banking and finance lawyer Emma Earp as a Non-Executive Director, effective 1 April 2026, bringing her onto the Audit, Nomination, Remuneration and Risk Committees. With more than 15 years’ experience in comp...
Other
CMC Markets Executives Acquire Shares Under Incentive Plan
Neutral
Mar 6, 2026
CMC Markets has disclosed share transactions by senior executives under its UK Share Incentive Plan, reinforcing equity-based participation among key management. Head of Global Strategic Partnerships David John Fineberg and Chief Operating Officer...
Other
CMC Markets Executives Acquire Shares Under UK Incentive Plan
Neutral
Feb 6, 2026
CMC Markets has reported that Head of Global Strategic Partnerships David John Fineberg and Chief Operating Officer Jonathan Bendall have each acquired 94 ordinary shares in the company at a price of 319.50p per share under the firm’s UK Sha...
Other
CMC Markets Executives Add Shares Through Dividend Plans
Positive
Jan 12, 2026
CMC Markets has reported a series of share acquisitions by senior executives and managers under its share incentive and dividend reinvestment arrangements. On 8 January 2026, Head of Global Strategic Partnerships David Fineberg and Chief Operating...
Other
CMC Markets Executives Acquire Shares Under UK Incentive Plan
Neutral
Jan 6, 2026
CMC Markets has disclosed that Head of Global Strategic Partnerships David John Fineberg and Chief Operating Officer Jonathan Bendall have each acquired 100 ordinary shares in the company under its UK Share Incentive Plan. The transactions, execut...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.