COMP <GO>
NMR vs CBOE // 10Y YIELD & FRED MACRO BETA
Nomura Holdings Inc ADR (NYSE) VS. Cboe Global Markets Inc. (CBOE) • 15-METRIC TALLY: NMR 2
— CBOE 10
▲ 10Y YIELD & FRED MACRO BETA LEADER: NMR
LAST: $9.38 (-0.95%) • MKT CAP: $27.48B
macro-sensitivity
1.15
LAST: $335.53 (+6.77%) • MKT CAP: $35.14B
macro-sensitivity
1.07
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NMR VS. CBOE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NMR | CBOE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 9.90% | 26.60% | -16.70 | CBOE | /roic <GO> |
| EV/EBITDA & P/E Valuation | 21.0x | 22.5x | -1.50 | NMR | /valuation <GO> |
| Free Cash Flow Yield | 2.21% | 4.79% | -2.58 | CBOE | /fcf-yield <GO> |
| Operating Margin | 13.90% | 31.10% | -17.20 | CBOE | /operating-margins <GO> |
| Net Profit Margin | 10.90% | 23.30% | -12.40 | CBOE | /net-margins <GO> |
| Revenue Growth (YoY) | 0.00% | 15.40% | -15.40 | CBOE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.81% | -0.81 | CBOE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 9/9 | -2.00 | CBOE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 50.8 | 52.9 | -2.10 | CBOE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.15 | 1.07 | +0.08 | NMR | /macro-sensitivity <GO> |
| Forward P/E Multiple | 30.5x | 26.8x | +3.70 | CBOE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $27.48B | $35.14B | -$7.66B | CBOE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NMR REV | CBOE REV | NMR GROSS % | CBOE GROSS % | NMR FCF | CBOE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | — | $4.71B | — | 51.5% | — | $1.68B |
| FY 2024 | — | $4.09B | — | 50.6% | — | $1.04B |
| FY 2023 | — | $0 | — | — | — | $1.08B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NMR // BETA 1.15
CBOE // BETA 1.07