NASDAQ INC (NAQ.DE) Fundamental Analysis & Valuation

FRA:NAQ • US6311031081

Current stock price

75.1 EUR
+0.2 (+0.27%)
Last:

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

8

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.
  • 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.
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 Return On Assets of 5.76%. This is in the better half of the industry: NAQ outperforms 80.00% of its industry peers.
  • Looking at the Return On Equity, with a value of 14.62%, NAQ is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 8.44%, NAQ is doing good in the industry, outperforming 79.17% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for NAQ is in line with the industry average of 9.10%.
  • 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

  • The Profit Margin of NAQ (21.64%) is better than 66.67% of its industry peers.
  • 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 70.83% 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 73.33% of the companies in the same industry.
  • 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

  • Compared to 1 year ago, NAQ has less shares outstanding
  • 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 2.56. 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.
  • With a decent Altman-Z score value of 2.56, NAQ is doing good in the industry, outperforming 75.83% 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.
  • NAQ's Debt to FCF ratio of 4.53 is fine compared to the rest of the industry. NAQ outperforms 75.00% of its industry peers.
  • A Debt/Equity ratio of 0.70 indicates that NAQ is somewhat dependend on debt financing.
  • NAQ's Debt to Equity ratio of 0.70 is in line compared to the rest of the industry. NAQ outperforms 55.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Altman-Z 2.56
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 has a Current ratio (1.01) which is in line with its industry peers.
  • A Quick Ratio of 1.01 indicates that NAQ should not have too much problems paying its short term obligations.
  • NAQ's Quick ratio of 1.01 is fine compared to the rest of the industry. NAQ outperforms 60.83% 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

  • The Earnings Per Share has grown by an impressive 23.40% over the past year.
  • NAQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.09% yearly.
  • 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

  • NAQ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.58% yearly.
  • The Revenue is expected to grow by 6.71% on average over the next years.
EPS Next Y14.5%
EPS Next 2Y13.35%
EPS Next 3Y13.64%
EPS Next 5Y11.58%
Revenue Next Year8.8%
Revenue Next 2Y8.48%
Revenue Next 3Y8.16%
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.
  • 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 25.46, the valuation of NAQ can be described as expensive.
  • NAQ's Price/Earnings is on the same level as the industry average.
  • NAQ is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.87, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 22.23, the valuation of NAQ can be described as rather expensive.
  • NAQ's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.51, NAQ is valued a bit cheaper.
Industry RankSector Rank
PE 25.46
Fwd PE 22.23
NAQ.DE Price Earnings VS Forward Price EarningsNAQ.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, NAQ is valued a bit cheaper than the industry average as 69.17% of the companies are valued more expensively.
  • NAQ's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. NAQ is cheaper than 68.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.32
EV/EBITDA 19.17
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.
  • The excellent profitability rating of NAQ may justify a higher PE ratio.
  • NAQ's earnings are expected to grow with 13.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.76
PEG (5Y)2.3
EPS Next 2Y13.35%
EPS Next 3Y13.64%

4

5. NAQ.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.22%, NAQ has a reasonable but not impressive dividend return.
  • NAQ's Dividend Yield is comparable with the industry average which is at 3.07.
  • Compared to the average S&P500 Dividend Yield of 1.81, NAQ is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.22%

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.
  • NAQ's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP33.61%
EPS Next 2Y13.35%
EPS Next 3Y13.64%
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 (4/17/2026, 7:00:00 PM)

75.1

+0.2 (+0.27%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners76.18%
Inst Owner ChangeN/A
Ins Owners0.59%
Ins Owner ChangeN/A
Market Cap42.69B
Revenue(TTM)8.26B
Net Income(TTM)1.79B
Analysts83.48
Price Target95.79 (27.55%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.22%
Yearly Dividend0.89
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)-2.72%
PT rev (3m)0.94%
EPS NQ rev (1m)0.69%
EPS NQ rev (3m)1.3%
EPS NY rev (1m)0.21%
EPS NY rev (3m)2.17%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)0.94%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 25.46
Fwd PE 22.23
P/S 6.1
P/FCF 25.32
P/OCF 22.33
P/B 4.12
P/tB N/A
EV/EBITDA 19.17
EPS(TTM)2.95
EY3.93%
EPS(NY)3.38
Fwd EY4.5%
FCF(TTM)2.97
FCFY3.95%
OCF(TTM)3.36
OCFY4.48%
SpS12.32
BVpS18.23
TBVpS-12.91
PEG (NY)1.76
PEG (5Y)2.3
Graham Number34.7884 (-53.68%)
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 2.56
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 Y14.5%
EPS Next 2Y13.35%
EPS Next 3Y13.64%
EPS Next 5Y11.58%
Revenue 1Y (TTM)11.68%
Revenue growth 3Y9.89%
Revenue growth 5Y7.98%
Sales Q2Q%13.45%
Revenue Next Year8.8%
Revenue Next 2Y8.48%
Revenue Next 3Y8.16%
Revenue Next 5Y6.71%
EBIT growth 1Y24.67%
EBIT growth 3Y13.21%
EBIT growth 5Y12.49%
EBIT Next Year16.2%
EBIT Next 3Y9.55%
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 6 / 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 8 / 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 14.5% in the next year.