Financials Euronext N.V.

Equities

ENX

NL0006294274

Financial & Commodity Market Operators

Market Closed - Euronext Paris 11:36:40 2024-04-26 am EDT 5-day change 1st Jan Change
84.4 EUR +0.84% Intraday chart for Euronext N.V. -0.30% +7.31%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,057 6,271 9,711 7,371 8,368 8,749 - -
Enterprise Value (EV) 1 5,706 6,882 11,883 9,302 9,968 10,187 9,877 9,524
P/E ratio 22.8 x 20 x 21.3 x 16.9 x 16.3 x 15.8 x 14.6 x 13.6 x
Yield 2.19% 2.5% 2.12% 3.21% 3.15% 3.05% 3.33% 3.6%
Capitalization / Revenue 7.45 x 7.09 x 7.48 x 5.2 x 5.67 x 5.57 x 5.32 x 5.1 x
EV / Revenue 8.4 x 7.78 x 9.15 x 6.56 x 6.76 x 6.49 x 6 x 5.55 x
EV / EBITDA 14.3 x 13.2 x 15.8 x 10.8 x 11.5 x 10.9 x 9.96 x 9.16 x
EV / FCF 25.1 x 26.6 x 25 x 18 x 13.8 x 17 x 14 x 12.9 x
FCF Yield 3.99% 3.76% 4.01% 5.56% 7.25% 5.89% 7.14% 7.78%
Price to Book 5.51 x 5.96 x 2.35 x 1.83 x 2.07 x 2.05 x 1.89 x 1.74 x
Nbr of stocks (in thousands) 69,614 69,567 106,422 106,582 106,398 103,666 - -
Reference price 2 72.65 90.15 91.25 69.16 78.65 84.40 84.40 84.40
Announcement Date 2/12/20 2/10/21 2/10/22 2/9/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 679.1 884.3 1,299 1,419 1,475 1,571 1,646 1,716
EBITDA 1 399.4 520 752.8 861.6 864.7 934.7 991.2 1,040
EBIT 1 355.7 462.3 627.1 792.8 790.4 822.4 890.2 945.9
Operating Margin 52.38% 52.28% 48.29% 55.88% 53.6% 52.36% 54.08% 55.12%
Earnings before Tax (EBT) 1 325.6 442.7 580.7 614.2 699.1 764.9 826.1 883.6
Net income 1 222 315.5 413.3 437.8 513.6 564.8 614.4 659.7
Net margin 32.69% 35.68% 31.82% 30.86% 34.83% 35.96% 37.33% 38.44%
EPS 2 3.190 4.510 4.290 4.100 4.830 5.332 5.792 6.221
Free Cash Flow 1 227.7 258.8 476 517 723.1 600.4 705.4 740.8
FCF margin 33.53% 29.27% 36.65% 36.44% 49.03% 38.22% 42.85% 43.17%
FCF Conversion (EBITDA) 57.01% 49.77% 63.23% 60% 83.62% 64.23% 71.17% 71.26%
FCF Conversion (Net income) 102.57% 82.03% 115.17% 118.08% 140.79% 106.29% 114.81% 112.29%
Dividend per Share 2 1.590 2.250 1.930 2.220 2.480 2.572 2.810 3.041
Announcement Date 2/12/20 2/10/21 2/10/22 2/9/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 350.6 370.1 723.7 395.7 374.7 770.4 301.4 347 372.3 368.1 360.2 374.1 395.8 392.8 387.8 400.8 -
EBITDA 1 203 208.2 411.2 252.2 221.7 473.9 199.9 187.9 218.5 216.1 213.7 216.3 236.5 237.1 243.3 251.7 -
EBIT 1 165.1 166.9 332 233.7 206.9 - 109.5 168.4 200.9 197.8 195.4 196.3 215.5 213.9 219 222.7 -
Operating Margin 47.09% 45.1% 45.88% 59.06% 55.22% - 36.33% 48.53% 53.96% 53.74% 54.25% 52.47% 54.43% 54.46% 56.48% 55.55% -
Earnings before Tax (EBT) 167.6 151.3 318.9 199.6 167.2 - 106.6 140.8 135.2 166.4 220.6 - - - - - -
Net income 1 115.8 112.7 228.5 143.8 118.9 - 75.8 99.3 96.5 120 166.5 130.6 141 140.9 154.9 155.6 -
Net margin 33.03% 30.45% 31.57% 36.34% 31.73% - 25.15% 28.62% 25.92% 32.6% 46.22% 34.91% 35.61% 35.87% 39.96% 38.83% -
EPS 2 1.080 1.050 2.000 1.350 1.110 - 0.7100 0.9300 0.9000 1.120 1.560 1.250 1.411 1.382 1.477 1.457 -
Dividend per Share 2 - 1.930 - - - - - 2.220 - - - 2.480 - - - 2.707 -
Announcement Date 11/4/21 2/10/22 2/10/22 5/17/22 7/28/22 7/28/22 11/3/22 2/9/23 5/16/23 7/27/23 11/8/23 2/15/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 649 610 2,172 1,931 1,600 1,438 1,127 775
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.624 x 1.173 x 2.885 x 2.241 x 1.85 x 1.538 x 1.137 x 0.7454 x
Free Cash Flow 1 228 259 476 517 723 600 705 741
ROE (net income / shareholders' equity) 31.8% 31.2% 17.1% 11.3% 13.1% 14.2% 14.2% 13.9%
ROA (Net income/ Total Assets) 13.6% 13.1% 0.56% 0.27% 0.28% 0.31% 0.37% 0.38%
Assets 1 1,638 2,402 74,388 160,502 183,691 179,688 168,038 172,376
Book Value Per Share 2 13.20 15.10 38.90 37.80 38.10 41.20 44.60 48.40
Cash Flow per Share 2 3.630 3.970 5.660 5.770 7.770 6.870 6.850 6.470
Capex 1 26.1 19.2 67.6 99.5 103 76.4 79.8 83.5
Capex / Sales 3.84% 2.17% 5.21% 7.01% 6.98% 4.86% 4.85% 4.86%
Announcement Date 2/12/20 2/10/21 2/10/22 2/9/23 2/15/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
84.4 EUR
Average target price
95.47 EUR
Spread / Average Target
+13.12%
Consensus
  1. Stock Market
  2. Equities
  3. ENX Stock
  4. Financials Euronext N.V.