Financials MBB SE Deutsche Boerse AG

Equities

Market Closed - Deutsche Boerse AG Other stock markets 02:08:14 2024-05-15 EDT			5-day change	1st Jan Change
105.6 ^EUR	+1.54%		+1.93%	+12.58%

03-27	Tranche Update on MBB SE's Equity Buyback Plan announced on March 30, 2020.	CI
03-26	Transcript : MBB SE, 2023 Earnings Call, Mar 26, 2024

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	422.4	643.6	817.5	536.7	539.1	620.8	-	-
Enterprise Value (EV) ¹	172.5	391.1	484.2	91.54	539.1	240.5	226.9	201.2
P/E ratio	16 x	49.8 x	-70.3 x	41.9 x	44.9 x	22.4 x	16.4 x	24 x
Yield	0.98%	1.62%	0.72%	1.08%	-	1.04%	1.14%	1.25%
Capitalization / Revenue	0.71 x	0.93 x	1.2 x	0.6 x	0.56 x	0.61 x	0.56 x	0.52 x
EV / Revenue	0.29 x	0.57 x	0.71 x	0.1 x	0.56 x	0.24 x	0.21 x	0.17 x
EV / EBITDA	2.13 x	5.59 x	8.66 x	1.04 x	6.89 x	2.23 x	1.9 x	1.37 x
EV / FCF	3.52 x	17.9 x	16.4 x	-10.2 x	-	8.15 x	5.54 x	4.13 x
FCF Yield	28.4%	5.58%	6.1%	-9.76%	-	12.3%	18.1%	24.2%
Price to Book	1.24 x	1.82 x	1.39 x	1.01 x	-	0.86 x	0.81 x	0.76 x
Nbr of stocks (in thousands)	5,941	5,932	5,932	5,847	5,716	5,716	-	-
Reference price ²	71.10	108.5	137.8	91.80	94.30	108.6	108.6	108.6
Announcement Date	20-04-09	21-04-16	22-03-31	23-03-30	24-03-26	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	592.1	689.8	680.3	896.5	954.6	1,019	1,100	1,190
EBITDA ¹	80.97	69.97	55.9	87.98	78.19	107.8	119.2	147.2
EBIT ¹	47.66	29.98	19	44.57	33.92	62.5	70.42	98.23
Operating Margin	8.05%	4.35%	2.79%	4.97%	3.55%	6.13%	6.4%	8.26%
Earnings before Tax (EBT) ¹	44.3	23.36	12.98	42.91	34.83	67.95	82.4	73.9
Net income ¹	26.94	12.68	-11.57	11.76	12.15	26.8	36.33	25.9
Net margin	4.55%	1.84%	-1.7%	1.31%	1.27%	2.63%	3.3%	2.18%
EPS ²	4.440	2.180	-1.960	2.190	2.100	4.847	6.607	4.530
Free Cash Flow ¹	49.07	21.84	29.54	-8.933	-	29.5	40.95	48.7
FCF margin	8.29%	3.17%	4.34%	-1%	-	2.9%	3.72%	4.09%
FCF Conversion (EBITDA)	60.61%	31.21%	52.84%	-	-	27.37%	34.35%	33.08%
FCF Conversion (Net income)	182.12%	172.14%	-	-	-	110.07%	112.71%	188.03%
Dividend per Share ²	0.7000	1.760	0.9900	0.9900	-	1.130	1.240	1.360
Announcement Date	20-04-09	21-04-16	22-03-31	23-03-30	24-03-26	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	250	253	333	445	-	380	394	420
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	49.1	21.8	29.5	-8.93	-	29.5	41	48.7
ROE (net income / shareholders' equity)	7.53%	3.64%	-	-	-	6.2%	9.1%	11%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	57.50	59.70	99.40	91.30	-	127.0	134.0	143.0
Cash Flow per Share	-	-	-	-	-	-	-	-
Capex ¹	20.2	34.2	29.6	44.3	-	45	49.6	61.2
Capex / Sales	3.4%	4.95%	4.35%	4.94%	-	4.42%	4.51%	5.14%
Announcement Date	20-04-09	21-04-16	22-03-31	23-03-30	24-03-26	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

108.6 EUR

Average target price

111.5 EUR

Spread / Average Target

+2.67%