Valuation Deutsche Börse AG

Equities

Market Closed - Xetra Other stock markets 11:35:56 2026-01-16 EST			5-day change	1st Jan Change
211.10 ^EUR	-0.38%		-0.61%	-5.63%

01-16	Deutsche Börse News: Higher Yields Through New Debt? (Bonds)	DP
01-16	DEUTSCHE BÖRSE AG : Jefferies gives a Neutral rating	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	25,542	26,996	29,637	34,267	40,791	38,689	38,689	-
Change	-	5.69%	9.78%	15.62%	19.04%	-5.15%	0%	-
Enterprise Value (EV) ¹	28,942	29,506	32,896	40,096	48,501	43,032	42,105	41,188
Change	-	1.95%	11.49%	21.89%	20.96%	-11.27%	-2.16%	-2.18%
P/E ratio	23.5x	21.1x	19.8x	19.9x	21x	19.3x	18.1x	16.8x
PBR	4.14x	3.75x	3.5x	3.57x	3.79x	3.32x	3x	2.71x
PEG	-	1.2x	1.2x	1.3x	1.6x	6.57x	2.61x	2.11x
Capitalization / Revenue	7.95x	7.69x	6.83x	6.75x	7x	6.42x	6.13x	5.83x
EV / Revenue	9.01x	8.41x	7.58x	7.9x	8.32x	7.14x	6.68x	6.21x
EV / EBITDA	14.3x	14.4x	13x	13.6x	14.3x	12.2x	11.3x	10.4x
EV / EBIT	16.4x	16.9x	15.2x	15.9x	16.7x	14.3x	13.3x	12.2x
EV / FCF	23.8x	42x	15.2x	17.6x	23.7x	20.5x	17.3x	17.5x
FCF Yield	4.2%	2.38%	6.57%	5.69%	4.23%	4.87%	5.78%	5.72%
Dividend per Share ²	3	3.2	3.6	3.8	4	4.227	4.469	4.801
Rate of return	2.15%	2.18%	2.23%	2.04%	1.8%	2%	2.12%	2.27%
EPS ²	5.93	6.98	8.14	9.35	10.6	10.91	11.67	12.6
Distribution rate	50.6%	45.8%	44.2%	40.6%	37.7%	38.7%	38.3%	38.1%
Net sales ¹	3,214	3,510	4,338	5,077	5,828	6,031	6,307	6,631
EBITDA ¹	2,025	2,043	2,526	2,944	3,396	3,524	3,711	3,947
EBIT ¹	1,766	1,749	2,170	2,526	2,900	3,005	3,171	3,384
Net income ¹	1,088	1,210	1,494	1,724	1,948	2,018	2,146	2,301
Net Debt ¹	3,400	2,510	3,259	5,829	7,710	4,343	3,416	2,499
Reference price ²	139.25	147.10	161.40	186.50	222.40	211.10	211.10	211.10
Nbr of stocks (in thousands)	183,429	183,521	183,623	183,739	183,412	183,273	183,273	-
Announcement Date	2/10/21	2/9/22	2/8/23	2/6/24	2/11/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
DEUTSCHE BÖRSE AG	19.35x	7.14x	12.21x	2%	44.88B
INTERCONTINENTAL EXCHANGE, INC.	31.01x	11.83x	17.95x	1.11%	99.2B
HONG KONG EXCHANGES AND CLEARING LIMITED	31.85x	15.41x	19.87x	2.82%	71.04B
LONDON STOCK EXCHANGE GROUP PLC	43.08x	5.79x	11.89x	1.55%	62.4B
NASDAQ, INC.	35.36x	13x	22.39x	1.04%	57.66B
SINGAPORE EXCHANGE LIMITED	27.38x	12.43x	20.16x	2.52%	14.7B
B3 S.A. - BRASIL, BOLSA, BALCÃO	16.02x	7.74x	11.14x	4.7%	14.54B
EURONEXT N.V.	18.88x	7.47x	11.94x	2.64%	14.12B
TMX GROUP LIMITED	30.29x	9.44x	17.06x	1.63%	10.32B
SWISSQUOTE GROUP HOLDING SA	21.16x	-1.81x	-3.05x	1.4%	8.52B
Average	27.44x	8.84x	14.16x	2.14%	39.74B
Weighted average by Cap.	31.03x	10.52x	16.48x	1.83%