Valuation MBB SE Deutsche Boerse AG

Stocks

Real-time Estimate Tradegate 05:18:05 2026-09-15 EDT			5-day change	1st Jan Change
171.20 ^EUR	-0.12%		-4.34%	-15.89%

08-20	MBB SE : Berenberg is Neutral	ZD
08-13	MBB SE, H1 2026 Earnings Call, Aug 13, 2026

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	817.5	536.7	539.1	543.1	1,117	902.5	-	-
Change	-	-34.34%	0.43%	0.75%	105.73%	-19.23%	-	-
Enterprise Value (EV) ¹	484.2	91.54	63.76	-10.78	353.5	210	155	164.3
Change	-	-81.1%	-30.34%	-116.91%	3,378.34%	-40.6%	-26.19%	6.01%
P/E	-70.3x	41.9x	44.9x	14.4x	21.7x	18.1x	15.9x	13x
PBR	1.39x	1.01x	0.97x	0.97x	1.67x	0.89x	0.82x	0.81x
PEG	-	-0x	-10.93x	0x	0.6x	344.26x	1.2x	0.6x
Capitalization / Revenue	1.2x	0.6x	0.56x	0.51x	0.95x	0.76x	0.71x	0.66x
EV / Revenue	0.71x	0.1x	0.07x	-0.01x	0.3x	0.18x	0.12x	0.12x
EV / EBITDA	8.66x	1.04x	0.82x	-0.07x	1.62x	0.93x	0.65x	0.65x
EV / EBIT	25.5x	2.05x	1.88x	-0.11x	2.15x	1.22x	0.83x	0.85x
EV / FCF	16.4x	-10.2x	0.82x	-0.08x	2.06x	2.11x	1.58x	1.55x
FCF Yield	6.1%	-9.76%	123%	-1,277%	48.5%	47.3%	63.2%	64.3%
Dividend per Share ²	0.99	0.99	1.01	1.11	1.21	1.233	1.35	1.39
Rate of return	0.72%	1.08%	1.07%	1.11%	0.59%	0.72%	0.79%	0.81%
EPS ²	-1.96	2.19	2.1	6.93	9.51	9.515	10.8	13.17
Distribution rate	-50.5%	45.2%	48.1%	16%	12.7%	13%	12.5%	10.6%
Net sales ¹	680.3	896.5	954.6	1,068	1,170	1,181	1,273	1,368
EBITDA ¹	55.9	87.98	78.19	145.7	217.8	224.7	238.6	252.2
EBIT ¹	19	44.57	33.92	99.04	164.5	172.6	185.8	193.4
Net income ¹	-11.57	11.76	12.15	37.66	50.78	51.3	58.25	71.6
Net Debt ¹	-333.3	-445.2	-475.3	-553.9	-763.8	-692.5	-747.5	-738.2
Reference price ²	137.80	91.80	94.30	99.90	206.50	171.80	171.80	171.80
Nbr of stocks (in thousands)	5,932	5,847	5,716	5,436	5,411	5,253	-	-
Announcement Date	3/31/22	3/30/23	3/26/24	3/31/25	3/31/26	-	-	-

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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
QUANTA SERVICES, INC.	53.77x	2.48x	23.7x	0.07%	93.52B
VINCI	12.19x	1.05x	5.73x	4.8%	70.79B
COMFORT SYSTEMS USA, INC.	32.59x	4.09x	22.2x	0.21%	55.61B
LARSEN & TOUBRO LIMITED	26.31x	2.02x	19.89x	1.17%	56.19B
FERROVIAL N.V.	49.5x	3.94x	25.08x	1.85%	39.12B
HOCHTIEF AG	26.22x	0.64x	10.67x	2.36%	32.75B
EMCOR GROUP, INC.	22.89x	1.56x	14.4x	0.2%	33.07B
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A.	21.45x	0.44x	6.88x	2.75%	29.37B
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED	5x	0.31x	5.8x	5.88%	26.65B
Average	27.77x	1.84x	14.93x	2.14%	48.57B
Weighted average by Cap.	30.88x	2.05x	16.33x	1.87%