WallStSmart

Miami International Holdings, Inc. (MIAX)vsNomura Holdings Inc ADR (NMR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Nomura Holdings Inc ADR generates 154001% more annual revenue ($2.17T vs $1.41B). NMR leads profitability with a 16.7% profit margin vs 8.7%. NMR trades at a lower P/E of 11.8x. NMR earns a higher WallStSmart Score of 70/100 (B-).

MIAX

Buy

55

out of 100

Grade: C-

Growth: 8.0Profit: 6.0Value: 4.7Quality: 8.5
Piotroski: 4/9Altman Z: 2.34

NMR

Strong Buy

70

out of 100

Grade: B-

Growth: 7.3Profit: 6.5Value: 7.7Quality: 3.5
Piotroski: 4/9Altman Z: 0.53

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MIAX2 strengths · Avg: 10.0/10
EPS GrowthGrowth
787.0%10/10

Earnings expanding 787.0% YoY

Debt/EquityHealth
0.0010/10

Conservative balance sheet, low leverage

NMR4 strengths · Avg: 9.0/10
P/E RatioValuation
11.8x10/10

Attractively priced relative to earnings

Price/BookValuation
1.0x10/10

Reasonable price relative to book value

PEG RatioValuation
0.828/10

Growing faster than its price suggests

Revenue GrowthGrowth
27.5%8/10

Revenue surging 27.5% year-over-year

Areas to Watch

MIAX1 concerns · Avg: 4.0/10
P/E RatioValuation
33.6x4/10

Premium valuation, high expectations priced in

NMR4 concerns · Avg: 2.3/10
EPS GrowthGrowth
4.5%4/10

4.5% earnings growth

Free Cash FlowQuality
$-1.20T2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.532/10

Distress zone — elevated risk

Debt/EquityHealth
4.671/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : MIAX

The strongest argument for MIAX centers on EPS Growth, Debt/Equity. Revenue growth of 13.0% demonstrates continued momentum.

Bull Case : NMR

The strongest argument for NMR centers on P/E Ratio, Price/Book, PEG Ratio. Profitability is solid with margins at 16.7% and operating margin at 18.7%. Revenue growth of 27.5% demonstrates continued momentum.

Bear Case : MIAX

The primary concerns for MIAX are P/E Ratio.

Bear Case : NMR

The primary concerns for NMR are EPS Growth, Free Cash Flow, Altman Z-Score. Debt-to-equity of 4.67 is elevated, increasing financial risk.

Key Dynamics to Monitor

MIAX profiles as a value stock while NMR is a growth play — different risk/reward profiles.

NMR is growing revenue faster at 27.5% — sustainability is the question.

MIAX generates stronger free cash flow (49M), providing more financial flexibility.

Monitor CAPITAL MARKETS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

NMR scores higher overall (70/100 vs 55/100), backed by strong 16.7% margins and 27.5% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Miami International Holdings, Inc.

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Miami International Holdings, Inc. is a prominent entity in the global financial services sector, primarily recognized for operating the Miami International Exchange (MIAX). The company leverages cutting-edge technology to optimize trading efficiency, catering to the sophisticated demands of institutional investors and traders within the options and derivatives markets. With a strong focus on innovation, rigorous risk management, and adherence to regulatory frameworks, MIAX has established itself as a reliable trading venue, successfully drawing a diverse array of liquidity providers in an increasingly competitive environment.

Nomura Holdings Inc ADR

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Nomura Holdings, Inc. provides various financial services to individuals, corporations, financial institutions, governments, and government agencies worldwide. The company is headquartered in Tokyo, Japan.

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