NASDAQ INC (NAQ.DE) Fundamental Analysis & Valuation

FRA:NAQ • US6311031081

Current stock price

74.91 EUR
+1.28 (+1.74%)
Last:

This NAQ.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. NAQ.DE Profitability Analysis

1.1 Basic Checks

  • NAQ had positive earnings in the past year.
  • In the past year NAQ had a positive cash flow from operations.
  • NAQ had positive earnings in each of the past 5 years.
  • NAQ had a positive operating cash flow in each of the past 5 years.
NAQ.DE Yearly Net Income VS EBIT VS OCF VS FCFNAQ.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • NAQ has a better Return On Assets (5.76%) than 77.19% of its industry peers.
  • NAQ has a better Return On Equity (14.62%) than 73.68% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.44%, NAQ is in the better half of the industry, outperforming 79.82% of the companies in the same industry.
  • NAQ had an Average Return On Invested Capital over the past 3 years of 7.14%. This is below the industry average of 9.36%.
  • The 3 year average ROIC (7.14%) for NAQ is below the current ROIC(8.44%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.76%
ROE 14.62%
ROIC 8.44%
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
NAQ.DE Yearly ROA, ROE, ROICNAQ.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 21.64%, NAQ is doing good in the industry, outperforming 64.04% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NAQ has grown nicely.
  • NAQ has a better Operating Margin (29.42%) than 67.54% of its industry peers.
  • In the last couple of years the Operating Margin of NAQ has grown nicely.
  • NAQ's Gross Margin of 63.54% is fine compared to the rest of the industry. NAQ outperforms 72.81% of its industry peers.
  • NAQ's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 29.42%
PM (TTM) 21.64%
GM 63.54%
OM growth 3Y3.02%
OM growth 5Y4.17%
PM growth 3Y6.2%
PM growth 5Y5.47%
GM growth 3Y3.36%
GM growth 5Y4.25%
NAQ.DE Yearly Profit, Operating, Gross MarginsNAQ.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

5

2. NAQ.DE Health Analysis

2.1 Basic Checks

  • NAQ has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NAQ has more shares outstanding
  • Compared to 1 year ago, NAQ has an improved debt to assets ratio.
NAQ.DE Yearly Shares OutstandingNAQ.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
NAQ.DE Yearly Total Debt VS Total AssetsNAQ.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • NAQ has an Altman-Z score of 2.52. This is not the best score and indicates that NAQ is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.52, NAQ is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
  • NAQ has a debt to FCF ratio of 4.53. This is a neutral value as NAQ would need 4.53 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 4.53, NAQ is doing good in the industry, outperforming 78.07% of the companies in the same industry.
  • NAQ has a Debt/Equity ratio of 0.70. This is a neutral value indicating NAQ is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.70, NAQ perfoms like the industry average, outperforming 54.39% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Altman-Z 2.52
ROIC/WACCN/A
WACCN/A
NAQ.DE Yearly LT Debt VS Equity VS FCFNAQ.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • NAQ has a Current Ratio of 1.01. This is a normal value and indicates that NAQ is financially healthy and should not expect problems in meeting its short term obligations.
  • NAQ's Current ratio of 1.01 is fine compared to the rest of the industry. NAQ outperforms 61.40% of its industry peers.
  • NAQ has a Quick Ratio of 1.01. This is a normal value and indicates that NAQ is financially healthy and should not expect problems in meeting its short term obligations.
  • NAQ's Quick ratio of 1.01 is fine compared to the rest of the industry. NAQ outperforms 62.28% of its industry peers.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 1.01
NAQ.DE Yearly Current Assets VS Current LiabilitesNAQ.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

5

3. NAQ.DE Growth Analysis

3.1 Past

  • NAQ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.40%, which is quite impressive.
  • The Earnings Per Share has been growing by 11.09% on average over the past years. This is quite good.
  • Looking at the last year, NAQ shows a quite strong growth in Revenue. The Revenue has grown by 11.68% in the last year.
  • NAQ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.98% yearly.
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
Revenue 1Y (TTM)11.68%
Revenue growth 3Y9.89%
Revenue growth 5Y7.98%
Sales Q2Q%13.45%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.58% on average over the next years. This is quite good.
  • Based on estimates for the next years, NAQ will show a small growth in Revenue. The Revenue will grow by 6.71% on average per year.
EPS Next Y14.26%
EPS Next 2Y13.41%
EPS Next 3Y13.45%
EPS Next 5Y11.58%
Revenue Next Year9%
Revenue Next 2Y8.56%
Revenue Next 3Y8.3%
Revenue Next 5Y6.71%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
NAQ.DE Yearly Revenue VS EstimatesNAQ.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B
NAQ.DE Yearly EPS VS EstimatesNAQ.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

4

4. NAQ.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 24.80, the valuation of NAQ can be described as rather expensive.
  • NAQ's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of NAQ to the average of the S&P500 Index (26.17), we can say NAQ is valued inline with the index average.
  • NAQ is valuated rather expensively with a Price/Forward Earnings ratio of 21.71.
  • NAQ's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of NAQ to the average of the S&P500 Index (23.05), we can say NAQ is valued inline with the index average.
Industry RankSector Rank
PE 24.8
Fwd PE 21.71
NAQ.DE Price Earnings VS Forward Price EarningsNAQ.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NAQ is valued a bit cheaper than the industry average as 73.68% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NAQ indicates a somewhat cheap valuation: NAQ is cheaper than 71.05% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 24.67
EV/EBITDA 18.75
NAQ.DE Per share dataNAQ.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • NAQ has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as NAQ's earnings are expected to grow with 13.45% in the coming years.
PEG (NY)1.74
PEG (5Y)2.24
EPS Next 2Y13.41%
EPS Next 3Y13.45%

4

5. NAQ.DE Dividend Analysis

5.1 Amount

  • NAQ has a Yearly Dividend Yield of 1.33%.
  • NAQ's Dividend Yield is comparable with the industry average which is at 3.35.
  • NAQ's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.33%

5.2 History

  • On average, the dividend of NAQ grows each year by 10.18%, which is quite nice.
Dividend Growth(5Y)10.18%
Div Incr Years2
Div Non Decr Years2
NAQ.DE Yearly Dividends per shareNAQ.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 33.61% of the earnings are spent on dividend by NAQ. This is a low number and sustainable payout ratio.
  • The dividend of NAQ is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP33.61%
EPS Next 2Y13.41%
EPS Next 3Y13.45%
NAQ.DE Yearly Income VS Free CF VS DividendNAQ.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
NAQ.DE Dividend Payout.NAQ.DE Dividend Payout, showing the Payout Ratio.NAQ.DE Dividend Payout.PayoutRetained Earnings

NAQ.DE Fundamentals: All Metrics, Ratios and Statistics

NASDAQ INC

FRA:NAQ (4/2/2026, 7:00:00 PM)

74.91

+1.28 (+1.74%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners76.11%
Inst Owner ChangeN/A
Ins Owners0.6%
Ins Owner ChangeN/A
Market Cap42.58B
Revenue(TTM)8.26B
Net Income(TTM)1.79B
Analysts83.48
Price Target98.47 (31.45%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.33%
Yearly Dividend0.91
Dividend Growth(5Y)10.18%
DP33.61%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.42%
Min EPS beat(2)1.81%
Max EPS beat(2)3.02%
EPS beat(4)4
Avg EPS beat(4)1.91%
Min EPS beat(4)0.42%
Max EPS beat(4)3.02%
EPS beat(8)6
Avg EPS beat(8)1.41%
EPS beat(12)9
Avg EPS beat(12)1.73%
EPS beat(16)11
Avg EPS beat(16)1.56%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.53%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.51%
Max Revenue beat(4)0.31%
Revenue beat(8)2
Avg Revenue beat(8)-1.09%
Revenue beat(12)4
Avg Revenue beat(12)4.74%
Revenue beat(16)8
Avg Revenue beat(16)21.31%
PT rev (1m)0%
PT rev (3m)5.47%
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)1.5%
EPS NY rev (1m)0%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.6%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 24.8
Fwd PE 21.71
P/S 5.94
P/FCF 24.67
P/OCF 21.76
P/B 4.01
P/tB N/A
EV/EBITDA 18.75
EPS(TTM)3.02
EY4.03%
EPS(NY)3.45
Fwd EY4.61%
FCF(TTM)3.04
FCFY4.05%
OCF(TTM)3.44
OCFY4.59%
SpS12.61
BVpS18.66
TBVpS-13.21
PEG (NY)1.74
PEG (5Y)2.24
Graham Number35.61
Profitability
Industry RankSector Rank
ROA 5.76%
ROE 14.62%
ROCE 10.53%
ROIC 8.44%
ROICexc 8.67%
ROICexgc 123.45%
OM 29.42%
PM (TTM) 21.64%
GM 63.54%
FCFM 24.07%
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
ROICexc(3y)7.35%
ROICexc(5y)8.76%
ROICexgc(3y)118.06%
ROICexgc(5y)122.25%
ROCE(3y)8.99%
ROCE(5y)10.78%
ROICexgc growth 3Y7.04%
ROICexgc growth 5Y2.88%
ROICexc growth 3Y-8.1%
ROICexc growth 5Y-4.1%
OM growth 3Y3.02%
OM growth 5Y4.17%
PM growth 3Y6.2%
PM growth 5Y5.47%
GM growth 3Y3.36%
GM growth 5Y4.25%
F-Score9
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Debt/EBITDA 2.8
Cap/Depr 42.09%
Cap/Sales 3.22%
Interest Coverage 6.87
Cash Conversion 73.62%
Profit Quality 111.24%
Current Ratio 1.01
Quick Ratio 1.01
Altman-Z 2.52
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)41.59%
Cap/Depr(5y)48.46%
Cap/Sales(3y)2.87%
Cap/Sales(5y)2.77%
Profit Quality(3y)137.18%
Profit Quality(5y)125.43%
High Growth Momentum
Growth
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
EPS Next Y14.26%
EPS Next 2Y13.41%
EPS Next 3Y13.45%
EPS Next 5Y11.58%
Revenue 1Y (TTM)11.68%
Revenue growth 3Y9.89%
Revenue growth 5Y7.98%
Sales Q2Q%13.45%
Revenue Next Year9%
Revenue Next 2Y8.56%
Revenue Next 3Y8.3%
Revenue Next 5Y6.71%
EBIT growth 1Y24.67%
EBIT growth 3Y13.21%
EBIT growth 5Y12.49%
EBIT Next Year16.1%
EBIT Next 3Y9.39%
EBIT Next 5Y9.21%
FCF growth 1Y14.84%
FCF growth 3Y8.57%
FCF growth 5Y13.33%
OCF growth 1Y16.3%
OCF growth 3Y9.75%
OCF growth 5Y12.49%

NASDAQ INC / NAQ.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of NASDAQ INC (NAQ.DE) stock?

ChartMill assigns a fundamental rating of 5 / 10 to NAQ.DE.


What is the valuation status for NAQ stock?

ChartMill assigns a valuation rating of 4 / 10 to NASDAQ INC (NAQ.DE). This can be considered as Fairly Valued.


How profitable is NASDAQ INC (NAQ.DE) stock?

NASDAQ INC (NAQ.DE) has a profitability rating of 7 / 10.


Can you provide the financial health for NAQ stock?

The financial health rating of NASDAQ INC (NAQ.DE) is 5 / 10.


What is the earnings growth outlook for NASDAQ INC?

The Earnings per Share (EPS) of NASDAQ INC (NAQ.DE) is expected to grow by 14.26% in the next year.