Valuation Deutsche Börse AG

Equities

Market Closed - Xetra Other stock markets 11:37:05 2025-01-24 am EST			5-day change	1st Jan Change
234.90 ^EUR	+0.04%		+2.00%	+5.62%

Jan. 13	DEUTSCHE BÖRSE AG : Goldman Sachs remains Neutral	ZD
Jan. 09	Formycon to Join Deutsche Börse's TecDAX Index	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	25,689	25,542	26,996	29,637	34,267	43,084	43,084	-
Change	-	-0.57%	5.69%	9.78%	15.62%	25.73%	0%	-
Enterprise Value (EV) ¹	27,424	28,942	29,506	32,896	40,096	47,790	46,661	45,458
Change	-	5.54%	1.95%	11.49%	21.89%	19.19%	-2.36%	-2.58%
P/E ratio	25.6x	23.5x	21.1x	19.8x	19.9x	22.7x	21.8x	20.2x
PBR	4.48x	4.14x	3.75x	3.5x	3.57x	4.12x	3.67x	3.24x
PEG	-	2.79x	1.2x	1.2x	1.3x	2.1x	5.28x	2.48x
Capitalization / Revenue	8.75x	7.95x	7.69x	6.83x	6.75x	7.41x	7.15x	6.81x
EV / Revenue	9.34x	9.01x	8.41x	7.58x	7.9x	8.22x	7.75x	7.18x
EV / EBITDA	15.1x	14.3x	14.4x	13x	13.6x	14.3x	13.4x	12.3x
EV / EBIT	17.2x	16.4x	16.9x	15.2x	15.9x	16.7x	15.7x	14.3x
EV / FCF	37x	23.8x	42x	15.2x	17.6x	25.2x	21.7x	20.3x
FCF Yield	2.7%	4.2%	2.38%	6.57%	5.69%	3.97%	4.61%	4.92%
Dividend per Share ²	2.9	3	3.2	3.6	3.8	4.068	4.227	4.549
Rate of return	2.07%	2.15%	2.18%	2.23%	2.04%	1.73%	1.8%	1.94%
EPS ²	5.47	5.93	6.98	8.14	9.35	10.35	10.78	11.65
Distribution rate	53%	50.6%	45.8%	44.2%	40.6%	39.3%	39.2%	39%
Net sales ¹	2,936	3,214	3,510	4,338	5,077	5,813	6,023	6,329
EBITDA ¹	1,813	2,025	2,043	2,526	2,944	3,352	3,479	3,685
EBIT ¹	1,590	1,766	1,749	2,170	2,526	2,858	2,981	3,171
Net income ¹	1,004	1,088	1,210	1,494	1,724	1,920	1,989	2,132
Net Debt ¹	1,734	3,400	2,510	3,259	5,829	4,706	3,577	2,375
Reference price ²	140.15	139.25	147.10	161.40	186.50	234.90	234.90	234.90
Nbr of stocks (in thousands)	183,300	183,429	183,521	183,623	183,739	183,412	183,412	-
Announcement Date	2/18/20	2/10/21	2/9/22	2/8/23	2/6/24	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E ratio	EV / Sales	EV / EBITDA	Yield	Capi. ($)
DEUTSCHE BÖRSE AG	22.7x	8.22x	14.26x	+1.73%	45.3B
INTERCONTINENTAL EXCHANGE, INC.	33.57x	11.83x	18.16x	+1.14%	90.42B
LONDON STOCK EXCHANGE GROUP PLC	76.65x	7.95x	16.92x	+1.06%	77.98B
HONG KONG EXCHANGES AND CLEARING LIMITED	29.8x	16.07x	22.1x	+3.01%	48.8B
NASDAQ, INC.	42.62x	12.15x	21.66x	+1.15%	46.64B
EURONEXT N.V.	19.36x	7.88x	12.84x	+2.55%	11.99B
SINGAPORE EXCHANGE LIMITED	22.28x	8.76x	15.14x	+2.95%	9.79B
B3 S.A. - BRASIL, BOLSA, BALCÃO	12.65x	5.57x	7.83x	+7.66%	9.52B
TMX GROUP LIMITED	32.61x	9.96x	18.26x	+1.62%	8.92B
MARKETAXESS HOLDINGS INC.	31.05x	9.65x	19.08x	+1.31%	8.46B
Average	32.33x	9.80x	16.63x	+2.42%	35.78B
Weighted average by Cap.	40.82x	10.67x	17.88x	+1.74%