NASDAQ INC (NAQ.DE) Stock Fundamental Analysis
FRA:NAQ - Deutsche Boerse Ag - US6311031081 - Common Stock - Currency: EUR
Overall NAQ gets a fundamental rating of 5 out of 10. We evaluated NAQ against 102 industry peers in the Capital Markets industry. NAQ has an average financial health and profitability rating. NAQ is not valued too expensively and it also shows a decent growth rate.
1. Profitability
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.
Each year in the past 5 years NAQ had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 3.67%, NAQ is doing good in the industry, outperforming 67.65% of the companies in the same industry.
NAQ has a better Return On Equity (9.98%) than 65.69% of its industry peers.
NAQ has a Return On Invested Capital of 6.49%. This is in the better half of the industry: NAQ outperforms 77.45% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NAQ is in line with the industry average of 8.29%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.67% | ||
| ROE | 9.98% | ||
| ROIC | 6.49% |
ROA(3y)4.12%
ROA(5y)4.69%
ROE(3y)12.69%
ROE(5y)14.23%
ROIC(3y)7.46%
ROIC(5y)7.97%
1.3 Margins
NAQ has a Profit Margin of 15.10%. This is in the better half of the industry: NAQ outperforms 62.75% of its industry peers.
In the last couple of years the Profit Margin of NAQ has declined.
NAQ has a better Operating Margin (26.36%) than 71.57% of its industry peers.
In the last couple of years the Operating Margin of NAQ has remained more or less at the same level.
With a decent Gross Margin value of 62.84%, NAQ is doing good in the industry, outperforming 75.49% of the companies in the same industry.
NAQ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.36% | ||
| PM (TTM) | 15.1% | ||
| GM | 62.84% |
OM growth 3Y-0.88%
OM growth 5Y0.46%
PM growth 3Y-9.2%
PM growth 5Y-3.63%
GM growth 3Y2.64%
GM growth 5Y1.1%
2. Health
2.1 Basic Checks
Compared to 1 year ago, NAQ has about the same amount of shares outstanding.
NAQ has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, NAQ has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.17 indicates that NAQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
NAQ has a better Altman-Z score (2.17) than 73.53% of its industry peers.
NAQ has a debt to FCF ratio of 5.47. This is a neutral value as NAQ would need 5.47 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.47, NAQ is doing good in the industry, outperforming 77.45% of the companies in the same industry.
NAQ has a Debt/Equity ratio of 0.85. This is a neutral value indicating NAQ is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.85, NAQ perfoms like the industry average, outperforming 58.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | 2.17 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
NAQ has a Current Ratio of 0.99. This is a bad value and indicates that NAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
NAQ has a better Current ratio (0.99) than 62.75% of its industry peers.
NAQ has a Quick Ratio of 0.99. This is a bad value and indicates that NAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
NAQ's Quick ratio of 0.99 is fine compared to the rest of the industry. NAQ outperforms 64.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
NAQ shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.35%.
Measured over the past years, NAQ shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.09% on average per year.
NAQ shows a strong growth in Revenue. In the last year, the Revenue has grown by 22.00%.
Measured over the past years, NAQ shows a quite strong growth in Revenue. The Revenue has been growing by 11.67% on average per year.
EPS 1Y (TTM)-0.35%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%5.56%
Revenue 1Y (TTM)22%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%9.85%
3.2 Future
The Earnings Per Share is expected to grow by 12.00% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.57% on average over the next years.
EPS Next Y15.33%
EPS Next 2Y14.47%
EPS Next 3Y13.46%
EPS Next 5Y12%
Revenue Next Year7.6%
Revenue Next 2Y7.68%
Revenue Next 3Y7.63%
Revenue Next 5Y6.57%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 26.20 indicates a quite expensive valuation of NAQ.
Compared to the rest of the industry, the Price/Earnings ratio of NAQ is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 29.35. NAQ is around the same levels.
Based on the Price/Forward Earnings ratio of 22.74, the valuation of NAQ can be described as rather expensive.
60.78% of the companies in the same industry are more expensive than NAQ, based on the Price/Forward Earnings ratio.
NAQ's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 22.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NAQ is valued a bit cheaper than the industry average as 75.49% of the companies are valued more expensively.
77.45% of the companies in the same industry are more expensive than NAQ, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.56 | ||
| EV/EBITDA | 19.77 |
4.3 Compensation for Growth
The 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 13.46% in the coming years.
PEG (NY)1.71
PEG (5Y)2.36
EPS Next 2Y14.47%
EPS Next 3Y13.46%
5. Dividend
5.1 Amount
NAQ has a Yearly Dividend Yield of 1.26%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.34, NAQ has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.33, NAQ's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
5.2 History
On average, the dividend of NAQ grows each year by 8.85%, which is quite nice.
Dividend Growth(5Y)8.85%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
NAQ pays out 48.43% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of NAQ is growing, but earnings are growing more, so the dividend growth is sustainable.
DP48.43%
EPS Next 2Y14.47%
EPS Next 3Y13.46%
FRA:NAQ (3/7/2025, 7:00:00 PM)
68.13
-2.78 (-3.92%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners67.5%
Inst Owner ChangeN/A
Ins Owners0.49%
Ins Owner ChangeN/A
Market Cap39.18B
Analysts80
Price Target85.02 (24.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.26% |
Yearly Dividend0.87
Dividend Growth(5Y)8.85%
DP48.43%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.94%
Min EPS beat(2)-0.6%
Max EPS beat(2)4.49%
EPS beat(4)2
Avg EPS beat(4)0.91%
Min EPS beat(4)-5.54%
Max EPS beat(4)5.29%
EPS beat(8)5
Avg EPS beat(8)1.64%
EPS beat(12)7
Avg EPS beat(12)1.44%
EPS beat(16)11
Avg EPS beat(16)2.62%
Revenue beat(2)0
Avg Revenue beat(2)-2.93%
Min Revenue beat(2)-3.94%
Max Revenue beat(2)-1.92%
Revenue beat(4)1
Avg Revenue beat(4)-1.75%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)0.52%
Revenue beat(8)3
Avg Revenue beat(8)7.32%
Revenue beat(12)7
Avg Revenue beat(12)28.56%
Revenue beat(16)11
Avg Revenue beat(16)39.68%
PT rev (1m)2.28%
PT rev (3m)7.04%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)1.05%
EPS NY rev (1m)0.91%
EPS NY rev (3m)1.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.49%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.2 | ||
| Fwd PE | 22.74 | ||
| P/S | 5.75 | ||
| P/FCF | 24.56 | ||
| P/OCF | 21.94 | ||
| P/B | 3.8 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.77 |
EPS(TTM)2.6
EY3.82%
EPS(NY)3
Fwd EY4.4%
FCF(TTM)2.77
FCFY4.07%
OCF(TTM)3.11
OCFY4.56%
SpS11.85
BVpS17.92
TBVpS-15.49
PEG (NY)1.71
PEG (5Y)2.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.67% | ||
| ROE | 9.98% | ||
| ROCE | 8.67% | ||
| ROIC | 6.49% | ||
| ROICexc | 6.72% | ||
| ROICexgc | 118.49% | ||
| OM | 26.36% | ||
| PM (TTM) | 15.1% | ||
| GM | 62.84% | ||
| FCFM | 23.41% |
ROA(3y)4.12%
ROA(5y)4.69%
ROE(3y)12.69%
ROE(5y)14.23%
ROIC(3y)7.46%
ROIC(5y)7.97%
ROICexc(3y)7.79%
ROICexc(5y)8.72%
ROICexgc(3y)105.04%
ROICexgc(5y)113.14%
ROCE(3y)10.12%
ROCE(5y)10.74%
ROICexcg growth 3Y-7.3%
ROICexcg growth 5Y3.79%
ROICexc growth 3Y-12.6%
ROICexc growth 5Y-5.33%
OM growth 3Y-0.88%
OM growth 5Y0.46%
PM growth 3Y-9.2%
PM growth 5Y-3.63%
GM growth 3Y2.64%
GM growth 5Y1.1%
F-Score7
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 5.47 | ||
| Debt/EBITDA | 3.7 | ||
| Cap/Depr | 33.77% | ||
| Cap/Sales | 2.8% | ||
| Interest Coverage | 4.81 | ||
| Cash Conversion | 75.65% | ||
| Profit Quality | 155.06% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.17 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)47.2%
Cap/Depr(5y)58.66%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.79%
Profit Quality(3y)146.14%
Profit Quality(5y)125.99%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.35%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%5.56%
EPS Next Y15.33%
EPS Next 2Y14.47%
EPS Next 3Y13.46%
EPS Next 5Y12%
Revenue 1Y (TTM)22%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%9.85%
Revenue Next Year7.6%
Revenue Next 2Y7.68%
Revenue Next 3Y7.63%
Revenue Next 5Y6.57%
EBIT growth 1Y7.97%
EBIT growth 3Y6.98%
EBIT growth 5Y12.18%
EBIT Next Year15.04%
EBIT Next 3Y10.56%
EBIT Next 5Y8.5%
FCF growth 1Y12.61%
FCF growth 3Y23.48%
FCF growth 5Y15.68%
OCF growth 1Y14.33%
OCF growth 3Y21.43%
OCF growth 5Y15.02%