TMX Group, a global financial services provider with operations across North America, London, Singapore, and Vienna, has disclosed its financing activity for October 2023. The group operates multiple platforms including the Toronto Stock Exchange (TSX), TSX Venture Exchange (TSXV), TSX Alpha Exchange, Montréal Exchange, and the Canadian Depository for Securities.
The TSX saw the listing of 29 new issuers in October, including BMO Long Short Canadian Equity ETF (ZLSC), BMO S&P/TSX 60 Index ETF (ZIU), Evolve Enhanced Yield Bond Fund (BOND), Dynamic Active Canadian Bond ETF (DXBC), and Lithium Americas Corp. (NYSE:LAC). Despite these additions, total financings decreased by 88% month-on-month and by 45% year-on-year. The TSX's market cap stood at $3,766,486,481,651 with total financings raised amounting to $702,234,064.
Meanwhile, the TSXV listed five diverse new issuers: Strathcona Resources Ltd. (SCR), Cosa Resources Corp. (COSA), Medicus Pharma Ltd. (MDCX), Sendero Resources Corp. (SEND), Sucro Limited (SUG), and The Fresh Factory B.C. Ltd. (FRSH). Unlike its counterpart, the TSXV saw a 91% increase in total financings from September but a year-on-year decrease of 4%. The TSXV's market cap was $65,710,539,081 with total financings raised reaching $346,692,039.
In the year 2023 up until October, the TSX listed 125 new issuers marking a 26.3% increase from 2022 but raised a total of $12,938,184,032 in financing, a 27% decrease from the previous year. The TSXV listed 52 new issuers, a 42.9% decrease from 2022, and raised $3,752,933,741 in financing, showing a 26.7% decrease from 2022.
InvestingPro Insights
InvestingPro's real-time data reveals that TMX Group has a market cap of 7610M USD, a P/E Ratio of 6.73, and a slightly lower adjusted P/E Ratio of 6.68 as of Q3 2023. Despite a decrease in revenue growth, the company has maintained a strong gross profit of 2426M USD, demonstrating its financial resilience.
InvestingPro Tips highlight that TMX Group has consistently yielded a high return on invested capital and has raised its dividend for eight consecutive years. This consistency in performance is a testament to the company's robust financial health and its commitment to delivering value to its shareholders.
For those interested in a deeper dive into TMX Group's financials and other investment opportunities, InvestingPro offers a wealth of additional tips and insights.
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