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 110 industry peers in the Capital Markets industry. NAQ has an average financial health and profitability rating. NAQ has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
NAQ had positive earnings in the past year.
NAQ had a positive operating cash flow in the past year.
Each year in the past 5 years NAQ has been profitable.
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 4.17%, NAQ is doing good in the industry, outperforming 67.27% of the companies in the same industry.
Looking at the Return On Equity, with a value of 11.07%, NAQ is in the better half of the industry, outperforming 62.73% of the companies in the same industry.
With a decent Return On Invested Capital value of 6.99%, NAQ is doing good in the industry, outperforming 78.18% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for NAQ is in line with the industry average of 8.43%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 11.07% | ||
| ROIC | 6.99% |
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
With a decent Profit Margin value of 16.36%, NAQ is doing good in the industry, outperforming 62.73% of the companies in the same industry.
NAQ's Profit Margin has declined in the last couple of years.
NAQ has a better Operating Margin (26.63%) than 68.18% of its industry peers.
NAQ's Operating Margin has been stable in the last couple of years.
The Gross Margin of NAQ (61.03%) is better than 71.82% of its industry peers.
NAQ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.63% | ||
| PM (TTM) | 16.36% | ||
| GM | 61.03% |
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
NAQ has about the same amout of 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.
2.2 Solvency
NAQ has an Altman-Z score of 2.48. 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's Altman-Z score of 2.48 is fine compared to the rest of the industry. NAQ outperforms 70.00% of its industry peers.
NAQ has a debt to FCF ratio of 5.03. This is a neutral value as NAQ would need 5.03 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.03, NAQ is doing good in the industry, outperforming 75.45% of the companies in the same industry.
A Debt/Equity ratio of 0.77 indicates that NAQ is somewhat dependend on debt financing.
NAQ has a Debt to Equity ratio (0.77) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 5.03 | ||
| Altman-Z | 2.48 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.98 indicates that NAQ may have some problems paying its short term obligations.
The Current ratio of NAQ (0.98) is comparable to the rest of the industry.
NAQ has a Quick Ratio of 0.98. 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 Quick ratio (0.98) than 60.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 7.58% over the past year.
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 25.93%.
The Revenue has been growing by 11.67% on average over the past years. This is quite good.
EPS 1Y (TTM)7.58%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%25.4%
Revenue 1Y (TTM)25.93%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%10.74%
3.2 Future
NAQ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.96% yearly.
Based on estimates for the next years, NAQ will show a small growth in Revenue. The Revenue will grow by 6.53% on average per year.
EPS Next Y15.81%
EPS Next 2Y13.57%
EPS Next 3Y12.87%
EPS Next 5Y10.96%
Revenue Next Year7.87%
Revenue Next 2Y7.43%
Revenue Next 3Y7.49%
Revenue Next 5Y6.53%
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.
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 30.03 indicates a quite expensive valuation of NAQ.
NAQ's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.30, NAQ is valued at the same level.
A Price/Forward Earnings ratio of 24.57 indicates a rather expensive valuation of NAQ.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NAQ is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, NAQ is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.03 | ||
| Fwd PE | 24.57 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NAQ indicates a somewhat cheap valuation: NAQ is cheaper than 70.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, NAQ is valued a bit cheaper than 73.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.66 | ||
| EV/EBITDA | 22.09 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of NAQ may justify a higher PE ratio.
NAQ's earnings are expected to grow with 12.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.9
PEG (5Y)2.71
EPS Next 2Y13.57%
EPS Next 3Y12.87%
5. Dividend
5.1 Amount
NAQ has a Yearly Dividend Yield of 1.20%.
Compared to an average industry Dividend Yield of 6.06, NAQ has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, NAQ's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
5.2 History
The dividend of NAQ is nicely growing with an annual growth rate of 8.85%!
Dividend Growth(5Y)8.85%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
43.19% of the earnings are spent on dividend by NAQ. 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.
DP43.19%
EPS Next 2Y13.57%
EPS Next 3Y12.87%
FRA:NAQ (7/8/2025, 7:00:00 PM)
76.27
-0.91 (-1.18%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners69.1%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap43.79B
Analysts80
Price Target74.41 (-2.44%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
Yearly Dividend0.8
Dividend Growth(5Y)8.85%
DP43.19%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.09%
Min EPS beat(2)-0.6%
Max EPS beat(2)0.42%
EPS beat(4)3
Avg EPS beat(4)2.4%
Min EPS beat(4)-0.6%
Max EPS beat(4)5.29%
EPS beat(8)5
Avg EPS beat(8)1.34%
EPS beat(12)8
Avg EPS beat(12)1.53%
EPS beat(16)11
Avg EPS beat(16)2.01%
Revenue beat(2)0
Avg Revenue beat(2)-1.72%
Min Revenue beat(2)-1.92%
Max Revenue beat(2)-1.51%
Revenue beat(4)1
Avg Revenue beat(4)-1.71%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)0.52%
Revenue beat(8)2
Avg Revenue beat(8)-1%
Revenue beat(12)6
Avg Revenue beat(12)22.71%
Revenue beat(16)10
Avg Revenue beat(16)33.41%
PT rev (1m)-0.81%
PT rev (3m)-9.54%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)0.22%
EPS NY rev (3m)0.31%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.03 | ||
| Fwd PE | 24.57 | ||
| P/S | 6.57 | ||
| P/FCF | 27.66 | ||
| P/OCF | 24.76 | ||
| P/B | 4.44 | ||
| P/tB | N/A | ||
| EV/EBITDA | 22.09 |
EPS(TTM)2.54
EY3.33%
EPS(NY)3.1
Fwd EY4.07%
FCF(TTM)2.76
FCFY3.62%
OCF(TTM)3.08
OCFY4.04%
SpS11.61
BVpS17.16
TBVpS-14.07
PEG (NY)1.9
PEG (5Y)2.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.17% | ||
| ROE | 11.07% | ||
| ROCE | 9.18% | ||
| ROIC | 6.99% | ||
| ROICexc | 7.28% | ||
| ROICexgc | 204.34% | ||
| OM | 26.63% | ||
| PM (TTM) | 16.36% | ||
| GM | 61.03% | ||
| FCFM | 23.74% |
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 Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 5.03 | ||
| Debt/EBITDA | 3.31 | ||
| Cap/Depr | 35.34% | ||
| Cap/Sales | 2.78% | ||
| Interest Coverage | 5.41 | ||
| Cash Conversion | 76.88% | ||
| Profit Quality | 145.15% | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | 2.48 |
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)7.58%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%25.4%
EPS Next Y15.81%
EPS Next 2Y13.57%
EPS Next 3Y12.87%
EPS Next 5Y10.96%
Revenue 1Y (TTM)25.93%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%10.74%
Revenue Next Year7.87%
Revenue Next 2Y7.43%
Revenue Next 3Y7.49%
Revenue Next 5Y6.53%
EBIT growth 1Y14.4%
EBIT growth 3Y6.98%
EBIT growth 5Y12.18%
EBIT Next Year14.49%
EBIT Next 3Y10.23%
EBIT Next 5Y7.71%
FCF growth 1Y22.93%
FCF growth 3Y23.48%
FCF growth 5Y15.68%
OCF growth 1Y24.37%
OCF growth 3Y21.43%
OCF growth 5Y15.02%