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STOCK COMPARISON

MarketAxess Holdings vs Huatai Securities Co: Fair Value & Quality

Both stocks run through our valuation models. Here is how MarketAxess Holdings (MKTX) and Huatai Securities Co (601688) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Huatai Securities Co as the more attractively valued of the two: MarketAxess Holdings trades at $163 versus a fair value of $45.13 (-72%), while Huatai Securities Co trades at ¥19.28 versus ¥30.85 (+60%).
MarketAxess Holdings
MKTX · USD · Financials
-72%
upside to fair value
overvalued
Price$163
Fair Value$45.13
Quality85/100
Huatai Securities Co
601688.SHG · CNY · Financials
+60%
upside to fair value
undervalued
Price¥19.28
Fair Value¥30.85
Quality57/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

MarketAxess HoldingsHuatai Securities Co
Valuation
13.7×P/E (TTM)11.1×
4.71×P/S (TTM)4.72×
3.58×P/B0.90×
8.7×EV/EBITDA
0.97×PEG
2.7%Dividend yield2.7%
$3.06Dividend per share¥0.55
Profitability
36%Net margin44%
44%Operating margin58%
24%Return on equity9%
11%Return on assets2%
Growth
12%Revenue growth (YoY)45%
5.7%Avg. growth/yr (3Y)2.7%
4.3%Avg. growth/yr (5Y)-0.1%
Balance & size
0.19×Debt / equity0.31×
$4BMarket cap$28B
mixedGrowth qualityweak

Even match: 6 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

MarketAxess Holdingsof which business quality 81 · market factors 40 Huatai Securities Coof which business quality 53 · market factors 47
ProfitabilityMargins and returns on capital today
69
34
Quality GrowthAre margins and returns improving?
42
37
CashflowEarnings quality: real cash, not paper profit
93
0
Fin. StrengthBalance sheet, leverage, solvency risk
96
100
InvestmentDisciplined investing over empire-building
90
70
Low VolatilityCalm price path (market factor)
59
76
MomentumPrice trend over the last 3–12 months (market factor)
34
39
52W MomentumDistance to the 52-week high (market factor)
31
30
Net IssuanceBuybacks instead of dilution
95
91

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

MarketAxess Holdings

DCF Models$238
Earnings-Based$266
Dividend Discount$52.88
Multiples$67.67
Asset-Based$21.60
Growth DCF$213
Economic Profit$55.46

7 of 13 models see the stock below the current price.

Huatai Securities Co

Multiples¥19.49
Asset-Based¥15.36

1 of 2 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

MarketAxess Holdings
Bear $33.85Fair Value $45.13Bull $56.41
$163 = current price (white tick)
Huatai Securities Co
Bear ¥23.14Fair Value ¥30.85Bull ¥38.57
¥19.28 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

MarketAxess Holdings · Financials

Quality score85 · Top 25%
Fair value upside-72% · bottom 25%

Huatai Securities Co · Financials

Quality score57 · above median
Fair value upside+60% · Top 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Huatai Securities Co as the more attractively valued of the two: MarketAxess Holdings trades at $163 versus a fair value of $45.13 (-72%), while Huatai Securities Co trades at ¥19.28 versus ¥30.85 (+60%).

MarketAxess Holdings has the higher quality score (85/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.