Tradeweb Markets Inc.

Tradeweb Markets Inc.

TWยทNASDAQ

$100.43

+2.5%
Financial ServicesFinancial - Capital Markets

Tradeweb Markets Inc. builds and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 45 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory firms and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. Tradeweb Markets Inc. was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of Refinitiv Parent Limited.

At a Glance

Live Snapshot
Market Cap$21.40B
EPS3.8100
P/E Ratio26.36
Earnings Date07/30/2026
Tradeweb Markets Inc.

Tradeweb Markets Inc. Fair Value Envelope

TW ยท NASDAQ

Our analysis suggests that TW has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $100.43, this represents a potential HIDDEN relative to our calculated worth for Tradeweb Markets Inc..

Intrinsic Value
Current Price: $100.43

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$181.8B
+ Cash & Equivalents$2.1B
Firm Value$183.9B
- Debt$278.3M
Equity Value$183.6B
/ Shares Outstanding213,414,099B
DCF Value$860
UNDERVALUED BY 757%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.5B
$2.0B
$2.7B
$3.5B
$4.6B
$6.1B
$8.0B
$10.5B
$13.8B
$18.1B
Maintenance CapEx
-$10.7M
-$14.0M
-$18.5M
-$24.3M
-$32.0M
-$42.0M
-$55.3M
-$72.7M
-$95.7M
-$125.9M
Owner Earnings
$1.5B
$2.0B
$2.6B
$3.5B
$4.6B
$6.0B
$7.9B
$10.4B
$13.7B
$18.0B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$1.4B
$1.7B
$2.1B
$2.6B
$3.1B
$3.8B
$4.6B
$5.6B
$6.8B
$8.3B
Terminal Value represents 77.9% of Enterprise Value