Valuation Deutsche Börse AG

Equities

Market Closed - Xetra Other stock markets 11:35:06 2024-12-13 EST			5-day change	1st Jan Change
222.90 ^EUR	+0.18%		+0.09%	+19.52%

12-06	IG Metall criticizes 'management chaos' at Thyssenkrupp	DP
12-06	ThyssenKrupp CFO Files for Resignation to Assume Finance Chief Role at Deutsche Börse	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	25,689	25,542	26,996	29,637	34,267	40,883	-	-
Change	-	-0.57%	5.69%	9.78%	15.62%	19.31%	-	-
Enterprise Value (EV) ¹	27,424	28,942	29,506	32,896	40,096	45,593	44,475	43,287
Change	-	5.54%	1.95%	11.49%	21.89%	13.71%	-2.45%	-2.67%
P/E ratio	25.6x	23.5x	21.1x	19.8x	19.9x	21.7x	20.9x	19.3x
PBR	4.48x	4.14x	3.75x	3.5x	3.57x	3.91x	3.49x	3.09x
PEG	-	2.79x	1.2x	1.2x	1.3x	2.2x	5.71x	2.37x
Capitalization / Revenue	8.75x	7.95x	7.69x	6.83x	6.75x	7.05x	6.83x	6.51x
EV / Revenue	9.34x	9.01x	8.41x	7.58x	7.9x	7.87x	7.43x	6.89x
EV / EBITDA	15.1x	14.3x	14.4x	13x	13.6x	13.7x	12.9x	11.9x
EV / EBIT	17.2x	16.4x	16.9x	15.2x	15.9x	16.1x	15.1x	13.8x
EV / FCF	37x	23.8x	42x	15.2x	17.6x	24x	20.7x	19.4x
FCF Yield	2.7%	4.2%	2.38%	6.57%	5.69%	4.16%	4.84%	5.16%
Dividend per Share ²	2.9	3	3.2	3.6	3.8	4.052	4.27	4.501
Rate of return	2.07%	2.15%	2.18%	2.23%	2.04%	1.82%	1.92%	2.02%
EPS ²	5.47	5.93	6.98	8.14	9.35	10.29	10.66	11.53
Distribution rate	53%	50.6%	45.8%	44.2%	40.6%	39.4%	40%	39%
Net sales ¹	2,936	3,214	3,510	4,338	5,077	5,795	5,983	6,282
EBITDA ¹	1,813	2,025	2,043	2,526	2,944	3,338	3,450	3,653
EBIT ¹	1,590	1,766	1,749	2,170	2,526	2,837	2,942	3,129
Net income ¹	1,004	1,088	1,210	1,494	1,724	1,909	1,971	2,119
Net Debt ¹	1,734	3,400	2,510	3,259	5,829	4,710	3,592	2,404
Reference price ²	140.15	139.25	147.10	161.40	186.50	222.90	222.90	222.90
Nbr of stocks (in thousands)	183,300	183,429	183,521	183,623	183,739	183,412	-	-
Announcement Date	2/18/20	2/10/21	2/9/22	2/8/23	2/6/24	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield (Y)	Capi. ($)
DEUTSCHE BÖRSE AG	21.67x	7.87x	13.66x	+1.82%	42.91B
INTERCONTINENTAL EXCHANGE, INC.	31.64x	11.68x	17.91x	+1.16%	89.33B
LONDON STOCK EXCHANGE GROUP PLC	75.17x	7.75x	16.47x	+1.09%	76.4B
HONG KONG EXCHANGES AND CLEARING LIMITED	30.02x	16.26x	22.26x	+2.98%	49.27B
NASDAQ, INC.	42.29x	11.8x	20.84x	+1.17%	46.05B
EURONEXT N.V.	18.99x	7.7x	12.58x	+2.59%	11.72B
SINGAPORE EXCHANGE LIMITED	22.54x	8.85x	15.34x	+2.91%	9.89B
B3 S.A. - BRASIL, BOLSA, BALCÃO	12.58x	5.47x	7.67x	+6.69%	9.09B
MARKETAXESS HOLDINGS INC.	31.88x	10x	19.74x	+1.26%	8.81B
TMX GROUP LIMITED	31.45x	9.63x	17.67x	+1.70%	8.59B
Average	31.82x	9.70x	16.41x	+2.34%	35.21B
Weighted average by Cap.	39.87x	10.56x	17.60x	+1.74%