Company Valuation: Nasdaq, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,118 30,140 33,545 44,435 55,461 54,232 - -
Change - -14.18% 11.3% 32.46% 24.81% -2.22% - -
Enterprise Value (EV) 1 40,526 35,015 43,338 53,108 63,623 61,942 60,857 59,530
Change - -13.6% 23.77% 22.54% 19.8% -2.64% -1.75% -2.18%
P/E 29.8x 27.1x 28x 40.1x 31.4x 27.3x 25x 22x
PBR 5.53x 4.91x 3.09x 3.97x 4.53x 4.54x 4.12x 3.67x
PEG - -7.08x -3.52x -5.56x 0.5x 1.8x 2.65x 1.7x
Capitalization / Revenue 10.3x 8.41x 8.61x 9.49x 10.6x 9.17x 8.48x 7.84x
EV / Revenue 11.8x 9.78x 11.1x 11.3x 12.1x 10.5x 9.52x 8.6x
EV / EBITDA 21.2x 17.8x 19.9x 20.1x 20.8x 17.5x 15.7x 14.2x
EV / EBIT 22.5x 18.8x 21x 21.1x 21.8x 18.4x 16.4x 14.7x
EV / FCF 44.1x 22.5x 28.2x 30.7x 32x 24.7x 22.8x 19.9x
FCF Yield 2.27% 4.44% 3.55% 3.26% 3.13% 4.04% 4.39% 5.03%
Dividend per Share 2 0.7033 0.78 0.86 0.94 1.05 1.202 1.345 1.522
Rate of return 1% 1.27% 1.48% 1.22% 1.08% 1.24% 1.39% 1.57%
EPS 2 2.35 2.26 2.08 1.93 3.09 3.549 3.884 4.402
Distribution rate 29.9% 34.5% 41.3% 48.7% 34% 33.9% 34.6% 34.6%
Net sales 1 3,420 3,582 3,895 4,683 5,249 5,912 6,395 6,920
EBITDA 1 1,912 1,966 2,182 2,646 3,063 3,548 3,877 4,204
EBIT 1 1,804 1,861 2,065 2,521 2,918 3,369 3,701 4,045
Net income 1 1,187 1,125 1,059 1,117 1,788 2,012 2,164 2,409
Net Debt 1 5,408 4,875 9,793 8,673 8,162 7,710 6,625 5,298
Reference price 2 70.00 61.35 58.14 77.31 97.13 97.02 97.02 97.02
Nbr of stocks (in thousands) 501,666 491,280 576,965 574,758 570,995 558,977 - -
Announcement Date 1/26/22 1/25/23 1/31/24 1/29/25 1/29/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.33x10.48x17.46x1.24% 54.23B
21.82x9.51x14.17x1.37% 86.86B
26.42x15.4x19.41x3.4% 65.46B
21.78x8.22x13.7x1.72% 56.96B
27.5x5.14x10.23x1.95% 56.13B
31.85x15.21x23.44x1.97% 21.09B
21.42x8.38x13.28x2.34% 18.66B
11.92x6.46x9.21x7.88% 14.01B
23.69x8.58x14.93x1.86% 10.59B
17.74x-5.43x-9.3x1.8% 6.93B
Average 23.15x 8.20x 12.65x 2.55% 39.1B
Weighted average by Cap. 24.31x 9.67x 14.75x 2.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  2. Stocks
  3. NDAQ Stock
  4. Valuation Nasdaq, Inc.