NASDAQ INC (NAQ.DE) Fundamental Analysis & Valuation

FRA:NAQ • US6311031081

Current stock price

71.6 EUR
-1.01 (-1.39%)
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.
  • NAQ had a positive operating cash flow in the past year.
  • In the past 5 years NAQ has always been profitable.
  • 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.
  • The Return On Equity of NAQ (14.62%) is better than 74.56% of its industry peers.
  • The Return On Invested Capital of NAQ (8.44%) is better than 78.95% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NAQ is below the industry average of 9.73%.
  • The last Return On Invested Capital (8.44%) for NAQ is above the 3 year average (7.14%), which is a sign of increasing profitability.
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

  • Looking at the Profit Margin, with a value of 21.64%, NAQ is in the better half of the industry, outperforming 65.79% of the companies in the same industry.
  • NAQ's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 29.42%, NAQ is in the better half of the industry, outperforming 69.30% of the companies in the same industry.
  • NAQ's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 63.54%, NAQ is in the better half of the industry, outperforming 72.81% of the companies in the same industry.
  • In the last couple of years the Gross Margin of NAQ has grown nicely.
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

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5

2. NAQ.DE Health Analysis

2.1 Basic Checks

  • NAQ has less shares outstanding than it did 1 year ago.
  • NAQ has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NAQ has been reduced compared to a year ago.
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 2.45. 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.
  • NAQ has a better Altman-Z score (2.45) than 72.81% of its industry peers.
  • The Debt to FCF ratio of NAQ is 4.53, which is a neutral value as it means it would take NAQ, 4.53 years of fcf income to pay off all of its debts.
  • NAQ has a Debt to FCF ratio of 4.53. This is in the better half of the industry: NAQ outperforms 77.19% of its industry peers.
  • NAQ has a Debt/Equity ratio of 0.70. This is a neutral value indicating NAQ is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.70, NAQ is in line with its industry, outperforming 56.14% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Altman-Z 2.45
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

  • A Current Ratio of 1.01 indicates that NAQ should not have too much problems paying its short term obligations.
  • The Current ratio of NAQ (1.01) is better than 60.53% of its industry peers.
  • A Quick Ratio of 1.01 indicates that NAQ should not have too much problems paying its short term obligations.
  • NAQ has a Quick ratio of 1.01. This is in the better half of the industry: NAQ outperforms 61.40% 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

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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.
  • NAQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.09% yearly.
  • NAQ shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.68%.
  • Measured over the past years, NAQ shows a small growth in Revenue. The Revenue has been growing by 7.98% on average per year.
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.
  • NAQ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.71% yearly.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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

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4

4. NAQ.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.71, NAQ is valued on the expensive side.
  • NAQ's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 24.75, NAQ is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 20.74, the valuation of NAQ can be described as rather expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NAQ.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, NAQ is valued at the same level.
Industry RankSector Rank
PE 23.71
Fwd PE 20.74
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

  • NAQ's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NAQ is cheaper than 74.56% of the companies in the same industry.
  • 73.68% of the companies in the same industry are more expensive than NAQ, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 23.57
EV/EBITDA 18.03
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

  • NAQ's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of NAQ 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)1.66
PEG (5Y)2.14
EPS Next 2Y13.41%
EPS Next 3Y13.45%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. NAQ.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.29%, NAQ has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.30, NAQ has a dividend in line with its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.89, NAQ is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.29%

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 Years1
Div Non Decr Years1
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

  • NAQ pays out 33.61% of its income as dividend. This is a 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

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NAQ.DE Fundamentals: All Metrics, Ratios and Statistics

NASDAQ INC

FRA:NAQ (3/27/2026, 7:00:00 PM)

71.6

-1.01 (-1.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners76.11%
Inst Owner ChangeN/A
Ins Owners0.6%
Ins Owner ChangeN/A
Market Cap40.70B
Revenue(TTM)8.26B
Net Income(TTM)1.79B
Analysts83.48
Price Target98.47 (37.53%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.29%
Yearly Dividend0.91
Dividend Growth(5Y)10.18%
DP33.61%
Div Incr Years1
Div Non Decr Years1
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)0.26%
EPS NQ rev (3m)1.5%
EPS NY rev (1m)0.35%
EPS NY rev (3m)1.95%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.6%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 23.71
Fwd PE 20.74
P/S 5.67
P/FCF 23.57
P/OCF 20.79
P/B 3.83
P/tB N/A
EV/EBITDA 18.03
EPS(TTM)3.02
EY4.22%
EPS(NY)3.45
Fwd EY4.82%
FCF(TTM)3.04
FCFY4.24%
OCF(TTM)3.44
OCFY4.81%
SpS12.62
BVpS18.68
TBVpS-13.22
PEG (NY)1.66
PEG (5Y)2.14
Graham Number35.62
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 2.45
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.


What is the profitability of NAQ stock?

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


What is the financial health of NASDAQ INC (NAQ.DE) stock?

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


Is the dividend of NASDAQ INC sustainable?

The dividend rating of NASDAQ INC (NAQ.DE) is 4 / 10 and the dividend payout ratio is 33.61%.