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Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 209.35 EUR | -0.73% |
|
-4.77% | -5.85% |
| Nov. 10 | Deutsche Börse Unveils New Structure for Cash Market Brands | MT |
| Nov. 10 | Frankfurt Stock Exchange opening: DAX recovers – year-end rally possible again | DP |
Projected Income Statement: Deutsche Börse AG
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,214 | 3,510 | 4,338 | 5,077 | 5,828 | 6,030 | 6,291 | 6,666 |
| Change | - | 9.2% | 23.6% | 17.04% | 14.81% | 3.47% | 4.32% | 5.97% |
| EBITDA 1 | 2,025 | 2,043 | 2,526 | 2,944 | 3,396 | 3,511 | 3,690 | 3,966 |
| Change | - | 0.91% | 23.62% | 16.58% | 15.33% | 3.4% | 5.11% | 7.47% |
| EBIT 1 | 1,766 | 1,749 | 2,170 | 2,526 | 2,900 | 2,996 | 3,162 | 3,422 |
| Change | - | -0.91% | 24.04% | 16.4% | 14.81% | 3.32% | 5.55% | 8.22% |
| Interest Paid 1 | -76.9 | -40.1 | -63.6 | -74 | -154.6 | -151 | -145.8 | -146.8 |
| Earnings before Tax (EBT) 1 | 1,536 | 1,709 | 2,106 | 2,452 | 2,745 | 2,846 | 3,017 | 3,280 |
| Change | - | 11.28% | 23.24% | 16.39% | 11.97% | 3.67% | 6.02% | 8.69% |
| Net income 1 | 1,088 | 1,210 | 1,494 | 1,724 | 1,948 | 2,001 | 2,121 | 2,310 |
| Change | - | 11.21% | 23.53% | 15.36% | 13.02% | 2.72% | 5.96% | 8.9% |
| Announcement Date | 2/10/21 | 2/9/22 | 2/8/23 | 2/6/24 | 2/11/25 | - | - | - |
Forecast Balance Sheet: Deutsche Börse AG
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 3,400 | 2,510 | 3,259 | 5,829 | 7,710 | 4,292 | 3,146 | 2,072 |
| Change | - | -26.18% | 29.84% | 78.86% | 32.27% | -44.33% | -26.7% | -34.14% |
| Announcement Date | 2/10/21 | 2/9/22 | 2/8/23 | 2/6/24 | 2/11/25 | - | - | - |
Cash Flow Forecast: Deutsche Börse AG
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 195.5 | 206.4 | 323.5 | 267.9 | 360.6 | 327.5 | 368.3 | 387.4 |
| Change | - | 5.58% | 56.73% | -17.19% | 34.6% | -9.17% | 12.44% | 5.18% |
| Free Cash Flow (FCF) 1 | 1,216 | 702.5 | 2,160 | 2,281 | 2,050 | 2,058 | 2,432 | 2,380 |
| Change | - | -42.25% | 207.49% | 5.6% | -10.13% | 0.4% | 18.15% | -2.12% |
| Announcement Date | 2/10/21 | 2/9/22 | 2/8/23 | 2/6/24 | 2/11/25 | - | - | - |
Forecast Financial Ratios: Deutsche Börse AG
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 63% | 58.22% | 58.23% | 58% | 58.26% | 58.22% | 58.67% | 59.49% |
| EBIT Margin (%) | 54.93% | 49.85% | 50.03% | 49.75% | 49.75% | 49.68% | 50.27% | 51.33% |
| EBT Margin (%) | 47.8% | 48.7% | 48.56% | 48.3% | 47.1% | 47.19% | 47.96% | 49.2% |
| Net margin (%) | 33.85% | 34.47% | 34.45% | 33.96% | 33.43% | 33.19% | 33.71% | 34.64% |
| FCF margin (%) | 37.85% | 20.02% | 49.8% | 44.93% | 35.17% | 34.13% | 38.66% | 35.71% |
| FCF / Net Income (%) | 111.83% | 58.07% | 144.55% | 132.31% | 105.21% | 102.84% | 114.66% | 103.07% |
Profitability | ||||||||
| ROA | 0.75% | 0.64% | 0.61% | 0.68% | 0.85% | 1.05% | 1.59% | 1.67% |
| ROE | 18.28% | 18.11% | 19.06% | 19.01% | 19.07% | 17.97% | 17.46% | 17.16% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 1.68x | 1.23x | 1.29x | 1.98x | 2.27x | 1.22x | 0.85x | 0.52x |
| Debt / Free cash flow | 2.79x | 3.57x | 1.51x | 2.56x | 3.76x | 2.09x | 1.29x | 0.87x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 6.08% | 5.88% | 7.46% | 5.28% | 6.19% | 5.43% | 5.85% | 5.81% |
| CAPEX / EBITDA (%) | 9.66% | 10.1% | 12.81% | 9.1% | 10.62% | 9.33% | 9.98% | 9.77% |
| CAPEX / FCF (%) | 16.07% | 29.38% | 14.98% | 11.74% | 17.59% | 15.91% | 15.14% | 16.27% |
Items per share | ||||||||
| Cash flow per share 1 | 7.697 | 4.942 | 13.5 | 13.81 | 13.09 | 12.05 | 14.47 | 15.74 |
| Change | - | -35.79% | 173.15% | 2.3% | -5.24% | -7.94% | 20.12% | 8.76% |
| Dividend per Share 1 | 3 | 3.2 | 3.6 | 3.8 | 4 | 4.212 | 4.441 | 4.798 |
| Change | - | 6.67% | 12.5% | 5.56% | 5.26% | 5.31% | 5.42% | 8.04% |
| Book Value Per Share 1 | 33.61 | 39.18 | 46.11 | 52.19 | 58.61 | 63.21 | 70.37 | 78.15 |
| Change | - | 16.56% | 17.69% | 13.2% | 12.29% | 7.85% | 11.32% | 11.06% |
| EPS 1 | 5.93 | 6.98 | 8.14 | 9.35 | 10.6 | 10.91 | 11.58 | 12.68 |
| Change | - | 17.71% | 16.62% | 14.86% | 13.37% | 2.92% | 6.11% | 9.54% |
| Nbr of stocks (in thousands) | 183,429 | 183,521 | 183,623 | 183,739 | 183,412 | 183,273 | 183,273 | 183,273 |
| Announcement Date | 2/10/21 | 2/9/22 | 2/8/23 | 2/6/24 | 2/11/25 | - | - | - |
| 2025 * | 2026 * | |
|---|---|---|
| P/E ratio | 19.3x | 18.2x |
| PBR | 3.34x | 3x |
| EV / Sales | 7.12x | 6.64x |
| Yield | 2% | 2.11% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
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Investor
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Quarterly revenue - Rate of surprise
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- Financials Deutsche Börse AG
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