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Best Capital Markets stocks by quality

Of the 60 stocks listed here, 2 reach the maximum quality score. The median valuation of the group comes out at 6.5 times its free cash flow. Among those with the maximum score, the cheapest is HUB24 (HUB.AX), at 36.9 times its free cash flow.

The Capital Markets stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1HUB24 Limited (HUB.AX)10/1036.9x
2Simplex Financial Holdings Co., Ltd. (7176.T)10/101.8x
3Tradeweb Markets Inc (TW)9/1023.5x
4PJT Partners Inc (PJT)9/1011.4x
5Pioneer Investcorp Limited (PIONRINV.NS)9/101.7x
6Indian Energy Exchange Limited (IEX.NS)9/1024.2x
7Computershare Limited (CPU.AX)9/1020.9x
8Bgc Group Inc (BGC)9/1012.6x
9Mito Securities Co., Ltd. (8622.T)9/1015.3x
10Victory Securities (Holdings) Company Limited (8540.HK)9/106.0x
11Huaan Securities Co., Ltd. (600909.SS)9/106.1x
12Yuhwa Securities co.,ltd. (003465.KS)9/102.9x
13Yuhwa Securities co.,ltd. (003460.KS)9/102.8x
14HUAXI Securities Co., Ltd. (002926.SZ)9/102.8x
15Hanyang Securities Co. Ltd. (001755.KS)9/101.0x
16Hanyang Securities Co. Ltd. (001750.KS)9/101.0x
17Sino AG (XTP.DE)8/1099.2x
18Wealth First Portfolio Managers Limited (WEALTH.NS)8/1012.1x
19Tera Yatirim Menkul Degerler A.S. (TERA.IS)8/101.7x
20Swissquote Group Holding SA (SQN.SW)8/103.8x
21Nordnet AB (publ) (SAVE.ST)8/106.5x
22Piper Sandler Companies (PIPR)8/1013.9x
23PT Minna Padi Investama Sekuritas Tbk (PADI.JK)8/10n.d.
24Osmanli Yatirim Menkul Degerler A.S. (OSMEN.IS)8/104.4x
25Nomura Holdings Inc (NMR)8/10n.d.
26Miami International Holdings Inc (MIAX)8/1024.3x
27Master Trust Limited (MASTERTR.NS)8/103.2x
28Lang & Schwarz Aktiengesellschaft (LUS1.DE)8/101.8x
29Robinhood Markets Inc (HOOD)8/1028.8x
30Futu Holdings Ltd (FUTU)8/106.6x
31Evercore Inc (EVR)8/1014.7x
32Equita Group S.p.A. (EQUI.MI)8/105.1x
33DB (International) Stock Brokers Limited (DBSTOCKBRO.NS)8/1039.2x
34VietinBank Securities Joint Stock Company (CTS.VN)8/10n.d.
35Coinshares PLC (CSHR)8/102.8x
36Circle Internet Group Inc (CRCL)8/1023.2x
37Central Depository Services (India) Limited (CDSL.NS)8/1084.3x
38BIDV Securities Joint Stock Company (BSI.VN)8/10n.d.
39Bourse Direct SA (BSD.PA)8/1017.7x
40Asia Plus Group Holdings Public Company Limited (ASP.BK)8/102.7x
41Algoquant Fintech Limited (ALGOQUANT.NS)8/1032.0x
42A. K. Capital Services Limited (AKCAPIT.NS)8/10n.d.
43Yutaka Trusty Securities Co., Ltd. (8747.T)8/104.2x
44Aizawa Securities Group Co., Ltd. (8708.T)8/1011.8x
45Nissan Securities Group Co., Ltd. (8705.T)8/102.2x
46Traders Holdings Co.,Ltd. (8704.T)8/10n.d.
47Marusan Securities Co., Ltd. (8613.T)8/1010.0x
48Well Link Securities Holdings Limited (8350.HK)8/109.7x
49CSC Financial Co., Ltd. (6066.HK)8/101.7x
50Nanhua Futures Co., Ltd. (603093.SS)8/101.7x
51Central China Securities Co., Ltd. (601375.SS)8/102.5x
52CSC Financial Co., Ltd. (601066.SS)8/102.4x
53Derayah Financial Company (4084.SR)8/109.6x
54LFG Investment Holdings Limited (3938.HK)8/1047.5x
55President Securities Corporation (2855.TW)8/10n.d.
56Nanhua Futures Co., Ltd. (2691.HK)8/100.6x
57Planetree International Development Limited (0613.HK)8/1012.7x
58Eugene Investment & Securities Co.,Ltd. (001200.KS)8/105.4x
59Guangdong Golden Dragon Development Inc. (000712.SZ)8/106.4x
60VPBank Securities Joint Stock Company (VPX.VN)7/10n.d.

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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