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 60,868 - -
Change - -14.18% 11.3% 32.46% 24.81% 9.75% - -
Enterprise Value (EV) 1 40,526 35,015 43,338 53,108 63,623 68,830 67,828 66,783
Change - -13.6% 23.77% 22.54% 19.8% 8.18% -1.45% -1.54%
P/E 29.8x 27.1x 28x 40.1x 31.4x 30.3x 27.6x 23.9x
PBR 5.53x 4.91x 3.09x 3.97x 4.53x 5.09x 4.66x 4.18x
PEG - -7.08x -3.52x -5.56x 0.5x 1.8x 2.81x 1.5x
Capitalization / Revenue 10.3x 8.41x 8.61x 9.49x 10.6x 10.3x 9.42x 8.65x
EV / Revenue 11.8x 9.78x 11.1x 11.3x 12.1x 11.6x 10.5x 9.49x
EV / EBITDA 21.2x 17.8x 19.9x 20.1x 20.8x 19.5x 17.4x 15.7x
EV / EBIT 22.5x 18.8x 21x 21.1x 21.8x 20.5x 18.1x 16.2x
EV / FCF 44.1x 22.5x 28.2x 30.7x 32x 27.7x 24.1x 21x
FCF Yield 2.27% 4.44% 3.55% 3.26% 3.13% 3.61% 4.15% 4.75%
Dividend per Share 2 0.7033 0.78 0.86 0.94 1.05 1.202 1.338 1.493
Rate of return 1% 1.27% 1.48% 1.22% 1.08% 1.1% 1.22% 1.36%
EPS 2 2.35 2.26 2.08 1.93 3.09 3.616 3.971 4.584
Distribution rate 29.9% 34.5% 41.3% 48.7% 34% 33.2% 33.7% 32.6%
Net sales 1 3,420 3,582 3,895 4,683 5,249 5,924 6,460 7,035
EBITDA 1 1,912 1,966 2,182 2,646 3,063 3,535 3,902 4,265
EBIT 1 1,804 1,861 2,065 2,521 2,918 3,363 3,747 4,120
Net income 1 1,187 1,125 1,059 1,117 1,788 2,038 2,171 2,443
Net Debt 1 5,408 4,875 9,793 8,673 8,162 7,961 6,960 5,915
Reference price 2 70.00 61.35 58.14 77.31 97.13 109.68 109.68 109.68
Nbr of stocks (in thousands) 501,666 491,280 576,965 574,758 570,995 554,963 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.46x15.91x22.28x3.59% 113B
24.15x10.88x15.97x1.2% 101B
25.55x9.53x15.86x1.45% 65.51B
24.7x14.2x18.08x3.62% 61.81B
30.33x11.62x19.47x1.1% 60.87B
33.35x5.49x11x1.75% 61.24B
36.58x10.46x19.21x0.42% 27.31B
21.65x8.62x13.39x2.33% 18.89B
Average 27.85x 10.84x 16.91x 1.93% 64B
Weighted average by Cap. 27.33x 11.56x 17.51x 2.11%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nasdaq, Inc.

Historical PBR trend

Valuation ratios - PBR - Nasdaq, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nasdaq, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nasdaq, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nasdaq, Inc.