Stock DB1 DEUTSCHE BÖRSE AG
Add to a list
To use this feature you must be a member
Log inSign up

Financials Deutsche Börse AG

Equities

DB1

DE0005810055

Financial & Commodity Market Operators

Market Closed - Xetra
Other stock markets
 11:35:23 2024-04-26 am EDT 		5-day change 1st Jan Change
182.6 EUR +0.66% Intraday chart for Deutsche Börse AG -1.96% -2.06%
Apr. 25 DEUTSCHE BÖRSE AG : JP Morgan reiterates its Neutral rating ZD
Apr. 25 Nodal Exchange Announces Cooperation with Deutsche Börse Market Data + Services CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,689 25,542 26,996 29,637 34,267 33,811 - -
Enterprise Value (EV) 1 27,424 28,942 29,506 32,896 34,267 39,374 38,090 38,600
P/E ratio 25.6 x 23.5 x 21.1 x 19.8 x 19.9 x 18.5 x 17.3 x 16.1 x
Yield 2.07% 2.15% 2.18% 2.23% 2.04% 2.16% 2.32% 2.43%
Capitalization / Revenue 8.75 x 7.95 x 7.69 x 6.83 x 6.75 x 5.9 x 5.65 x 5.39 x
EV / Revenue 9.34 x 9.01 x 8.41 x 7.58 x 6.75 x 6.87 x 6.37 x 6.15 x
EV / EBITDA 15.1 x 14.3 x 14.4 x 13 x 11.6 x 12 x 11.1 x 10.7 x
EV / FCF 37 x 23.8 x 42 x 15.2 x - 20.7 x 18.2 x 18 x
FCF Yield 2.7% 4.2% 2.38% 6.57% - 4.83% 5.51% 5.54%
Price to Book 4.48 x 4.14 x 3.75 x 3.5 x - 3.14 x 2.84 x 2.51 x
Nbr of stocks (in thousands) 183,300 183,429 183,521 183,623 183,739 185,112 - -
Reference price 2 140.2 139.2 147.1 161.4 186.5 182.6 182.6 182.6
Announcement Date 2/18/20 2/10/21 2/9/22 2/8/23 2/6/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,936 3,214 3,510 4,338 5,077 5,735 5,981 6,277
EBITDA 1 1,813 2,025 2,043 2,526 2,944 3,279 3,433 3,620
EBIT 1 1,590 1,766 1,749 2,170 2,526 2,782 2,917 3,108
Operating Margin 54.17% 54.93% 49.85% 50.03% 49.75% 48.51% 48.77% 49.51%
Earnings before Tax (EBT) 1 1,398 1,536 1,709 2,106 2,452 2,583 2,734 2,905
Net income 1 1,004 1,088 1,210 1,494 1,724 1,842 1,940 2,068
Net margin 34.19% 33.85% 34.47% 34.45% 33.96% 32.12% 32.44% 32.95%
EPS 2 5.470 5.930 6.980 8.140 9.350 9.863 10.57 11.32
Free Cash Flow 1 741.2 1,216 702.5 2,160 - 1,902 2,098 2,139
FCF margin 25.25% 37.85% 20.02% 49.8% - 33.16% 35.07% 34.08%
FCF Conversion (EBITDA) 40.88% 60.08% 34.38% 85.53% - 58.01% 61.11% 59.09%
FCF Conversion (Net income) 73.83% 111.83% 58.07% 144.55% - 103.23% 108.14% 103.43%
Dividend per Share 2 2.900 3.000 3.200 3.600 3.800 3.954 4.231 4.435
Announcement Date 2/18/20 2/10/21 2/9/22 2/8/23 2/6/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,692 - 934.8 1,062 1,018 - 1,090 1,168 1,231 1,221 - 1,188 1,436 1,427 1,421 1,407 1,498 1,467 1,433
EBITDA 1 - - 504.4 687.4 584.9 1,272 642.3 611 772.1 733 - 684.8 754.4 875.3 841.1 839.3 863.7 - -
EBIT 1 - - 416.2 603 503.3 1,106 549.7 514 683.8 643 - 570 629 757.8 695.4 669.3 693.1 764.9 714.8
Operating Margin - - 44.52% 56.8% 49.45% - 50.42% 44.01% 55.54% 52.68% - 47.97% 43.79% 53.09% 48.95% 47.57% 46.27% 52.15% 49.88%
Earnings before Tax (EBT) 1 - 881.5 389.3 594.2 477.6 1,072 528.6 506.1 674.7 632.7 - 559 585.4 715.7 658.3 632.8 656.6 724 675.9
Net income 1 - 628.2 281.2 420.8 341.1 761.9 373.3 359.2 473.3 443.2 - 400.3 407.2 497.6 462.2 444.2 459.3 508.1 473.8
Net margin - - 30.08% 39.64% 33.51% - 34.24% 30.75% 38.44% 36.31% - 33.69% 28.35% 34.86% 32.53% 31.57% 30.67% 34.64% 33.06%
EPS 2 3.400 3.420 1.640 2.290 1.860 4.150 2.030 1.960 2.580 2.400 4.980 2.160 2.200 2.700 2.525 2.432 2.514 2.780 2.610
Dividend per Share 2 - - 3.200 - - - - 3.600 - - - - 3.800 - - - 4.050 - -
Announcement Date 7/30/20 7/27/21 2/9/22 4/25/22 7/26/22 7/26/22 10/19/22 2/8/23 4/26/23 7/25/23 7/25/23 10/18/23 2/6/24 4/23/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,734 3,400 2,510 3,259 - 5,564 4,279 4,789
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.9566 x 1.679 x 1.229 x 1.291 x - 1.697 x 1.247 x 1.323 x
Free Cash Flow 1 741 1,217 703 2,160 - 1,902 2,098 2,139
ROE (net income / shareholders' equity) 20.8% 18.3% 18.1% 19.1% - 18.4% 17.4% 16.6%
ROA (Net income/ Total Assets) 0.67% 0.75% 0.64% 0.61% - 0.95% 1.3% 1.37%
Assets 1 149,657 145,040 187,798 246,194 - 193,805 149,138 150,784
Book Value Per Share 2 31.30 33.60 39.20 46.10 - 58.10 64.30 72.80
Cash Flow per Share 2 5.050 7.700 4.940 13.50 - 9.930 13.00 13.50
Capex 1 185 196 206 324 - 374 326 342
Capex / Sales 6.3% 6.08% 5.88% 7.46% - 6.53% 5.46% 5.44%
Announcement Date 2/18/20 2/10/21 2/9/22 2/8/23 2/6/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Deutsche Börse AG

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
182.6 EUR
Average target price
204.2 EUR
Spread / Average Target
+11.81%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Financial & Commodity Market Operators

1st Jan change Capi.
DEUTSCHE BÖRSE AG Stock Deutsche Börse AG
-2.06% 36.1B
INTERCONTINENTAL EXCHANGE, INC. Stock Intercontinental Exchange, Inc.
+2.55% 75.52B
LONDON STOCK EXCHANGE PLC Stock London Stock Exchange plc
-3.67% 59.47B
HONG KONG EXCHANGES AND CLEARING LIMITED Stock Hong Kong Exchanges and Clearing Limited
-6.64% 40.42B
NASDAQ, INC. Stock Nasdaq, Inc.
+3.41% 34.86B
B3 S.A. - BRASIL, BOLSA, BALCÃO Stock B3 S.A. - Brasil, Bolsa, Balcão
-22.89% 12.29B
EURONEXT N.V. Stock Euronext N.V.
+7.31% 9.34B
MARKETAXESS HOLDINGS INC. Stock MarketAxess Holdings Inc.
-31.09% 7.59B
SINGAPORE EXCHANGE LIMITED Stock Singapore Exchange Limited
-5.29% 7.31B
TMX GROUP LIMITED Stock TMX Group Limited
+13.51% 7.36B
Other Financial & Commodity Market Operators
  1. Stock Market
  2. Equities
  3. DB1 Stock
  4. Financials Deutsche Börse AG