Miami International Holdings, Inc. (MIAX)
Valuation Overview•Is Miami International Holdings, Inc. Overvalued or Undervalued?
Priced at a premium to peer multiples and intrinsic cash flows, demanding strong execution to justify current levels.
Moderate quality score of 55/100, reflecting stable operating margins and manageable leverage.
Analysts remain bullish, forecasting further upside expansion with consensus targets suggesting solid gains.
Verdict: Average quality business weighed down by significant profitability concerns.
Wall Street is highly bullish, projecting significant upside alongside robust expected earnings growth. However, capital return yields remain modest, driven predominantly by aggressive share repurchases.
Returns capital exclusively via buybacks — no active dividend
MIAX demonstrates adequate business quality with stable profitability. This is backed by a fortress balance sheet, holding significant net cash ($508M) and minimal debt risk.
The company maintains stable top-line performance paired with stable bottom-line earnings. Operating efficiency remains adequate with margins around 6.9%.
| Financial Metric | Trend (12Q) | Latest Qtr | 1Y Growth | 3Y CAGR | 5Y CAGR | 10Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $369.7M | +19.6% | — | — | — | |
| EBITDA | $51.5M | — | +37.0% | — | — | |
| Net Income | $170.2M | -168.6% | — | — | — | |
| EPS (Diluted) | $1.56 | -177.5% | — | — | — | |
| Free Cash Flow | $0.00 | +100.2% | +12.6% | +5.2% | — |
| Metric | TTM | 3Y Avg | 5Y Avg | 10Y Avg |
|---|---|---|---|---|
| Gross Margin | 30.9% | 24.6% | 24.5% | 24.0% |
| Operating Margin | 6.9% | 0.7% | 1.2% | 0.1% |
| Net Margin | 8.6% | 0.6% | -0.7% | -1.7% |
| FCF Margin | 9.9% | 3.3% | 4.7% | 8.0% |
| Quarter | EPS Est. | EPS Act. | Surprise | EPS | Rev |
|---|---|---|---|---|---|
| Q2'26Latest | $0.36 | $0.42 | +16.7% | ||
| Q1'26 | $0.41 | $0.52 | +26.8% | ||
| Q4'25 | $0.31 | $0.42 | +35.5% |
Total return is +18.7% (1Y), lagging the benchmark by -2.1%
| Period | Total Return | vs S&P 500 (Alpha) | Dividend Contribution |
|---|---|---|---|
| YTD | -16.4% | -23.7% | — |
| 1Y | +18.7% | -2.1% | — |
| 3YCAGR | +5.9% | -14.1% | — |
| 5YCAGR | +3.5% | -8.4% | — |
| 10YCAGR | +1.7% | -12.2% | — |
The S&P 500 is at 30.6x trailing P/E — Expensive relative to historical averages.
Quick answers to common questions about Miami International Holdings, Inc. (MIAX) valuation, health, and returns.
Miami International Holdings, Inc. is estimated to be overvalued under our discounted cash flow framework. relative multiples indicate the stock is Expensive versus peers compared to industry peers. overvalued (implying -20.5% downside from DCF intrinsic value of $29.92)
Miami International Holdings, Inc. has multiple valuation anchors: DCF Intrinsic Value: $29.92 | Peer Relative Fair Value: $29.15 | Wall Street Analyst Target: $50.00 (implying +31.9% upside). A convergence of these signals offers higher conviction.
Miami International Holdings, Inc. displays fair financial health with a composite quality score of 55/100, supported by a Altman Z-Score of 6.4 (safe zone), Piotroski F-Score of 6/9, Return on Invested Capital (ROIC) of 4.2%.
Miami International Holdings, Inc. returns capital via buybacks instead of dividends, carrying a 0.6% buyback yield and reducing outstanding shares by -12.1% in the last 12 months.
Miami International Holdings, Inc. 's current growth trajectory is Stable. The company achieved +19.6% 1Y revenue growth and -177.5% 1Y EPS growth, compared to its 3Y revenue CAGR of N/A.
Wall Street consensus is Buy based on 5 analysts. The consensus price target represents a +31.9% change from current levels.
Investment risks for Miami International Holdings, Inc. include: -37.0% 1-year max drawdown. Volatility risk is characterized by a beta of 0.66x.
No. These computations are purely quantitative model outputs for informational purposes. They do not account for qualitative management shifts or macro events. Always consult a licensed RIA before buying or selling shares.
Disclaimer: This page is for informational purposes only and does not constitute financial advice. All valuation models, scores, and target estimates are automated computations under stated assumptions and should not be relied upon as the sole basis for any investment decision.