Cboe Global Markets has secured a 25-year extension of its exclusive agreement with S&P Dow Jones Indices, keeping S&P 500 Index options rights in place through 2051. Shares of Cboe Global Markets rose 5.17% on the day of the announcement, bringing the one-year total shareholder return to 15.16%, even as the 30-day share price return sits down 10.51%. Longer-term total shareholder returns stand at 77.77% over three years and 135.16% over five years. The stock trades at 21.3 times earnings, below the US Capital Markets average of 39.6 times and the peer group at 24.2 times, but above its own fair ratio estimate of 13.7 times. The most followed analyst narrative puts fair value at $241.95 against a latest close of $275.29, while a two-stage DCF model using WACC estimates intrinsic value at $657.85 per share.
Cboe Global Markets IncCboe secured a 25-year extension of its exclusive S&P 500 Index options rights through 2051, locking in a key licensing agreement.
