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CMC Markets PLC (GB:CMCX)
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CMC Markets (CMCX) AI Stock Analysis

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GB:CMCX

CMC Markets

(LSE:CMCX)

Rating:73Outperform
Price Target:
272.00p
▲(19.04% Upside)
CMC Markets scores well due to strong financial performance and prudent valuation metrics. While technical indicators suggest some caution, the company's robust balance sheet and strategic initiatives in emerging financial technologies bolster its position. Corporate events provide a mix of positive strategic direction and minor concerns around share disposals.

CMC Markets (CMCX) vs. iShares MSCI United Kingdom ETF (EWC)

CMC Markets Business Overview & Revenue Model

Company DescriptionCMC Markets (CMCX) is a global financial services company specializing in online trading and investment solutions. Founded in 1989 and headquartered in London, the company operates primarily in the retail trading sector, offering a variety of services including contracts for difference (CFDs), spread betting, and forex trading. CMC Markets caters to both individual and institutional clients, providing access to a wide range of financial instruments across multiple asset classes such as equities, commodities, indices, and cryptocurrencies. With a strong focus on technology and innovation, CMC Markets aims to deliver a superior trading experience through advanced trading platforms and tools.
How the Company Makes MoneyCMC Markets generates revenue primarily through the spread on trades, which is the difference between the buy and sell prices of financial instruments. This is a key revenue stream, particularly in the CFD and spread betting segments. Additionally, the company earns commissions on trades executed by clients and may charge overnight financing fees for positions held beyond the trading day. CMC Markets also benefits from market-making activities, where it provides liquidity to its clients and captures profits from bid-ask spreads. Significant partnerships with financial institutions and technology providers enhance its service offerings and trading capabilities, contributing further to its earnings. The company continually invests in technology and customer support to maintain a competitive edge in the online trading market.

CMC Markets Financial Statement Overview

Summary
CMC Markets demonstrates strong financial health with robust profitability and cash flow management. The company maintains high margins and a stable balance sheet with minimal leverage, although revenue growth is relatively flat.
Income Statement
78
Positive
CMC Markets has demonstrated solid gross and net profit margins over the years. The gross profit margin for the latest year is 62.89%, and the net profit margin is 17.27%. Revenue growth has been relatively flat, with a slight increase of 0.10% from the previous year. The EBIT and EBITDA margins are also strong at 24.87% and 27.88%, respectively. The consistent profitability and healthy margins reflect operational efficiency, although revenue growth remains a challenge.
Balance Sheet
81
Very Positive
The balance sheet of CMC Markets is robust, with a low debt-to-equity ratio of 0.034 indicating minimal leverage. The company maintains a high equity ratio of 57.09%, suggesting a strong capital structure and financial stability. Return on equity (ROE) is at 14.88%, showcasing effective use of equity to generate profits. The company's financial position is stable, with good liquidity and low risk of financial distress.
Cash Flow
85
Very Positive
CMC Markets exhibits a strong cash flow position with a significant improvement in free cash flow, which grew by 176.06% year-over-year. The operating cash flow to net income ratio is 2.82, indicating excellent cash generation relative to net income. The free cash flow to net income ratio is also strong at 2.67. These metrics suggest excellent cash management and the ability to fund operations and investments without relying on external financing.
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue360.10M359.75M322.17M323.85M455.52M
Gross Profit226.42M214.31M269.81M266.77M391.99M
EBITDA100.37M92.71M77.48M113.69M236.79M
Net Income62.19M46.89M41.44M71.48M178.11M
Balance Sheet
Total Assets731.98M716.86M586.42M646.81M577.63M
Cash, Cash Equivalents and Short-Term Investments328.22M211.19M176.79M191.07M147.03M
Total Debt14.34M16.91M11.82M14.45M16.46M
Total Liabilities314.01M313.37M212.41M277.93M177.12M
Stockholders Equity417.97M403.49M374.01M368.88M400.52M
Cash Flow
Free Cash Flow166.25M60.21M42.94M140.27M105.53M
Operating Cash Flow175.35M80.08M71.16M156.08M117.72M
Investing Cash Flow-41.35M-41.57M-31.16M-17.64M-17.71M
Financing Cash Flow-41.31M-21.01M-69.06M-82.16M-69.34M

CMC Markets Technical Analysis

Technical Analysis Sentiment
Negative
Last Price228.50
Price Trends
50DMA
238.61
Negative
100DMA
237.02
Negative
200DMA
238.93
Negative
Market Momentum
MACD
-3.37
Negative
RSI
41.89
Neutral
STOCH
32.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CMCX, the sentiment is Negative. The current price of 228.5 is below the 20-day moving average (MA) of 232.22, below the 50-day MA of 238.61, and below the 200-day MA of 238.93, indicating a bearish trend. The MACD of -3.37 indicates Negative momentum. The RSI at 41.89 is Neutral, neither overbought nor oversold. The STOCH value of 32.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CMCX.

CMC Markets Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
£1.76B19.3337.13%0.35%18.79%4.95%
77
Outperform
£3.96B10.7020.39%4.06%9.46%32.24%
73
Outperform
£630.79M10.0015.14%4.99%-0.07%34.54%
73
Outperform
£2.20B10.7742.26%5.58%1.09%4.88%
71
Outperform
£1.98B11.718.74%5.84%5.77%81.14%
68
Neutral
$767.78M4.53-6.71%3.73%-172.06%
63
Neutral
€14.61B10.233.42%3.57%10.60%-8.94%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:CMCX
CMC Markets
228.50
-70.64
-23.61%
GB:CBG
Close Brothers Group
498.60
21.40
4.48%
GB:ALPH
Alpha FX
4,175.00
1,663.42
66.23%
GB:IGG
IG Group Holdings
1,145.00
225.92
24.58%
GB:PLUS
Plus500
3,098.00
719.98
30.28%
GB:TCAP
TP ICap
278.50
55.44
24.85%

CMC Markets Corporate Events

Business Operations and Strategy
CMC Markets Executive Acquires Shares Under Incentive Plan
Neutral
Aug 6, 2025

CMC Markets plc announced that David John Fineberg, the Global Head of Strategic Partnerships, has acquired shares under the company’s UK Share Incentive Plan. This transaction, involving the purchase of 132 ordinary shares at a price of 230.75p each, reflects ongoing strategic investments in personnel and may impact the company’s market positioning by aligning managerial interests with shareholder value.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Other
CMC Markets Announces Share Disposal by Key Associate
Neutral
Aug 4, 2025

CMC Markets Plc has announced a transaction involving the disposal of ordinary shares by Victoria Fineberg, a person closely associated with David John Fineberg, the Global Head of Strategic Partnerships. This transaction, which took place on the London Stock Exchange, involved multiple sales at varying prices and volumes, potentially impacting the company’s stock liquidity and market perception.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Other
CMC Markets Announces Share Disposal by Key Associate
Neutral
Jul 31, 2025

CMC Markets Plc announced a transaction involving the disposal of ordinary shares by Victoria Fineberg, who is closely associated with David John Fineberg, the Global Head of Strategic Partnerships. This transaction, involving 8,155 shares at a price of 240.00p each, was executed on 29 July 2025 at the XLON exchange, potentially impacting the company’s share distribution and market perception.

The most recent analyst rating on (GB:CMCX) stock is a Buy with a £380.00 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Shareholder MeetingsDividendsBusiness Operations and Strategy
CMC Markets Secures Shareholder Approval at 2025 AGM
Positive
Jul 24, 2025

CMC Markets Plc announced that all resolutions proposed at its 2025 Annual General Meeting were passed, including the approval of the Director’s Remuneration Report and the re-election of several directors. The meeting also confirmed a final dividend of 8.3 pence per share, to be paid on August 15, 2025. This outcome reflects strong shareholder support for the company’s strategic direction and governance, potentially enhancing its market position and stakeholder confidence.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Executive/Board ChangesRegulatory Filings and Compliance
CMC Markets Announces Managerial Share Transactions
Neutral
Jul 23, 2025

CMC Markets plc announced transactions involving key managerial personnel, including Deputy CEO David John Fineberg, Head of Asia Pacific Matthew Lewis, Head of Capital Markets Laurence Booth, and Head of Asia Christopher Forbes. These transactions involved the acquisition and disposal of shares and options as part of the company’s incentive plans. The transactions reflect the vesting of share awards and options, with some shares disposed of to cover tax obligations. This announcement highlights the company’s ongoing commitment to aligning management incentives with shareholder interests, potentially impacting the company’s market perception and stakeholder confidence.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
CMC Markets Grants Share Awards to Key Executives
Neutral
Jul 18, 2025

CMC Markets plc announced the grant of conditional share awards to several key executives under its Combined Incentive Plan and Management Equity Plan. This move, involving significant figures such as the CEO and other senior managers, reflects the company’s strategy to align management interests with shareholder value, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (GB:CMCX) stock is a Buy with a £380.00 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
CMC Markets Executives Engage in Share Transactions Under Incentive Plans
Neutral
Jul 16, 2025

CMC Markets plc has announced the transactions involving its key executives, including the CEO, Deputy CEO, and other senior management, who have acquired and disposed of shares as part of the company’s incentive plans. These transactions reflect the vesting of conditional share awards and subsequent sales to cover tax liabilities, highlighting the company’s ongoing commitment to aligning management incentives with shareholder interests.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Other
CMC Markets Deputy CEO Acquires Shares Under Incentive Plan
Positive
Jul 8, 2025

CMC Markets Plc announced that David John Fineberg, the Deputy Chief Executive Officer, has acquired ordinary shares under the company’s UK Share Incentive Plan. This transaction, involving 118 shares at a price of 252.00p each, highlights the ongoing engagement of senior management in the company’s equity, which may signal confidence in the company’s future performance and align management’s interests with those of shareholders.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Shareholder MeetingsFinancial DisclosuresRegulatory Filings and Compliance
CMC Markets Announces 2025 AGM and Annual Report Release
Neutral
Jun 20, 2025

CMC Markets plc has announced the submission of several key documents to the National Storage Mechanism, including the Notice of the 2025 Annual General Meeting (AGM), the Notice of Availability, and the Form of Proxy for the AGM. These documents, along with the Annual Report and Financial Statements for the year ended 31 March 2025, have been distributed to shareholders according to their communication preferences and are available on the company’s website. The AGM is scheduled to take place on 24 July 2025 in London, which will provide an opportunity for stakeholders to engage with the company’s leadership and discuss its future direction.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Other
CMC Markets Announces Share Disposal by Deputy CEO’s Associate
Negative
Jun 19, 2025

CMC Markets Plc announced a transaction involving the disposal of ordinary shares by Victoria Fineberg, who is closely associated with the company’s Deputy CEO, David John Fineberg. The transaction, which took place on June 18 and 19, 2025, involved the sale of a significant volume of shares at varying prices on the London Stock Exchange. This disposal could potentially impact the company’s stock market performance and stakeholder perceptions, given the involvement of a person closely linked to senior management.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Other
CMC Markets Announces Share Disposal by Executive Associate
Neutral
Jun 18, 2025

CMC Markets Plc has announced a transaction involving the disposal of ordinary shares by Victoria Fineberg, who is closely associated with the company’s Deputy CEO, David John Fineberg. The transaction involved the sale of shares at prices of 256.30p and 254.77p on the London Stock Exchange, indicating a strategic move that could impact the company’s market positioning and shareholder dynamics.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Shareholder MeetingsDividends
CMC Markets Confirms Final Dividend Details for 2025
Positive
Jun 12, 2025

CMC Markets Plc has announced the confirmation of its final dividend details for the year ending 31 March 2025. The company plans to pay a final dividend of 8.3 pence per share on 15 August 2025, subject to shareholder approval at the upcoming Annual General Meeting. Shareholders have the option to reinvest their dividends through the Dividend Reinvestment Plan, with elections due by 25 July 2025. This announcement underscores CMC Markets’ commitment to returning value to its shareholders and may impact investor sentiment positively.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Other
CMC Markets Deputy CEO Acquires Shares Under Incentive Plan
Positive
Jun 6, 2025

CMC Markets announced that David John Fineberg, the Deputy Chief Executive Officer, has acquired shares under the company’s UK Share Incentive Plan. This transaction, involving the acquisition of 124 ordinary shares at a price of 242.00p each, reflects ongoing managerial engagement with the company’s equity, potentially signaling confidence in its market positioning and future performance.

The most recent analyst rating on (GB:CMCX) stock is a Sell with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Financial DisclosuresRegulatory Filings and Compliance
CMC Markets Releases 2025 Annual Report
Neutral
Jun 5, 2025

CMC Markets Plc has released its Annual Report and Financial Statements for the year ending 31 March 2025. The report, now available on the company’s website and submitted to the National Storage Mechanism, provides stakeholders with insights into the company’s financial performance and compliance with UK Listing Rules, reinforcing its commitment to transparency and regulatory adherence.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Shareholder MeetingsDividends
CMC Markets Proposes Final Dividend for 2025
Positive
Jun 5, 2025

CMC Markets Plc has announced a proposed final dividend of 8.3 pence per share for the year ending 31 March 2025, subject to shareholder approval at the upcoming Annual General Meeting. This decision reflects the company’s ongoing commitment to returning value to its shareholders and may impact its financial positioning and stakeholder relations.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
CMC Markets Announces Strategic Leadership Changes
Positive
Jun 5, 2025

CMC Markets plc has announced significant changes to its Board of Directors and senior leadership team. David Fineberg will transition to the role of Global Head of Strategic Partnerships, focusing on institutional relationships and growth through partnerships. Matthew Lewis will concentrate on expanding the company’s presence in the ANZ region, particularly in stockbroking and digital asset services. Laurence Booth has been appointed as an Executive Director, while James Richards will step down as Chairman, succeeded by Paul Wainscott. These changes are aimed at strengthening CMC’s strategic direction and market positioning.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £2.46 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
CMC Markets Advances Web 3.0 Strategy with DeFi Expansion
Positive
Jun 5, 2025

CMC Markets has reported a 12% increase in underlying EBITDA to £103.4 million for the year ending March 31, 2025, and a 33% rise in profit before tax to £84.5 million. The company is advancing its Web 3.0 strategy by launching a third vertical focused on Decentralized Finance (DeFi) and blockchain technology, aiming to position itself at the forefront of next-generation financial services. This strategic move includes initiatives such as 24/7 crypto trading and the acquisition of StrikeX, enhancing CMC’s digital asset capabilities. The company also reported strong financial performance with record net operating income in Australian stockbroking and significant growth in interest income, while maintaining disciplined cost management and expanding its global footprint.

The most recent analyst rating on (GB:CMCX) stock is a Hold with a £275.00 price target. To see the full list of analyst forecasts on CMC Markets stock, see the GB:CMCX Stock Forecast page.

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.Date of analysis: Jul 29, 2025