NASDAQ INC (NAQ.DE) Stock Fundamental Analysis
FRA:NAQ - Deutsche Boerse Ag - US6311031081 - Common Stock - Currency: EUR
Taking everything into account, NAQ scores 5 out of 10 in our fundamental rating. NAQ was compared to 108 industry peers in the Capital Markets industry. Both the profitability and the financial health of NAQ get a neutral evaluation. Nothing too spectacular is happening here. NAQ has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year NAQ was profitable.
In the past year NAQ had a positive cash flow from operations.
In the past 5 years NAQ has always been profitable.
In the past 5 years NAQ always reported a positive cash flow from operatings.
1.2 Ratios
NAQ has a better Return On Assets (3.67%) than 67.59% of its industry peers.
NAQ's Return On Equity of 9.98% is fine compared to the rest of the industry. NAQ outperforms 64.81% of its industry peers.
With a decent Return On Invested Capital value of 6.49%, NAQ is doing good in the industry, outperforming 79.63% 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 7.91%.
| 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 better Profit Margin (15.10%) than 61.11% 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 70.37% of its industry peers.
In the last couple of years the Operating Margin of NAQ has remained more or less at the same level.
The Gross Margin of NAQ (62.84%) is better than 73.15% of its industry peers.
In the last couple of years the Gross Margin of NAQ has remained more or less at the same level.
| 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
NAQ has about the same amout of 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.
2.2 Solvency
NAQ has an Altman-Z score of 2.18. 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 Altman-Z score of 2.18. This is in the better half of the industry: NAQ outperforms 70.37% of its industry peers.
The Debt to FCF ratio of NAQ is 5.47, which is a neutral value as it means it would take NAQ, 5.47 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of NAQ (5.47) is better than 77.78% of its industry peers.
NAQ has a Debt/Equity ratio of 0.85. This is a neutral value indicating NAQ is somewhat dependend on debt financing.
NAQ has a Debt to Equity ratio of 0.85. This is comparable to the rest of the industry: NAQ outperforms 54.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.85 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | 2.18 |
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 61.11% of its industry peers.
A Quick Ratio of 0.99 indicates that NAQ may have some problems paying its short term obligations.
The Quick ratio of NAQ (0.99) is better than 62.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
NAQ shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.58%.
NAQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.09% yearly.
The Revenue has grown by 22.03% in the past year. This is a very strong growth!
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)22.03%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%10.74%
3.2 Future
The Earnings Per Share is expected to grow by 10.96% 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 6.46% on average per year.
EPS Next Y14.84%
EPS Next 2Y13.44%
EPS Next 3Y12.61%
EPS Next 5Y10.96%
Revenue Next Year7.14%
Revenue Next 2Y7.14%
Revenue Next 3Y7.21%
Revenue Next 5Y6.46%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
NAQ is valuated quite expensively with a Price/Earnings ratio of 25.42.
NAQ's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 28.88, NAQ is valued at the same level.
With a Price/Forward Earnings ratio of 20.87, NAQ is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NAQ indicates a somewhat cheap valuation: NAQ is cheaper than 63.89% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.20, NAQ is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.42 | ||
| Fwd PE | 20.87 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NAQ is valued a bit cheaper than the industry average as 69.44% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, NAQ is valued a bit cheaper than the industry average as 75.93% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.15 | ||
| EV/EBITDA | 19.96 |
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.
NAQ's earnings are expected to grow with 12.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.71
PEG (5Y)2.29
EPS Next 2Y13.44%
EPS Next 3Y12.61%
5. Dividend
5.1 Amount
NAQ has a Yearly Dividend Yield of 1.45%.
Compared to an average industry Dividend Yield of 6.50, NAQ has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.45, NAQ's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
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.
NAQ's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP48.43%
EPS Next 2Y13.44%
EPS Next 3Y12.61%
FRA:NAQ (4/30/2025, 7:00:00 PM)
66.59
+0.78 (+1.19%)
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 Cap38.30B
Analysts80
Price Target72.49 (8.86%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.45% |
Yearly Dividend0.83
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)-14.74%
PT rev (3m)-12.09%
EPS NQ rev (1m)2.8%
EPS NQ rev (3m)4.25%
EPS NY rev (1m)-0.53%
EPS NY rev (3m)0.86%
Revenue NQ rev (1m)1.05%
Revenue NQ rev (3m)1.7%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)-0.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.42 | ||
| Fwd PE | 20.87 | ||
| P/S | 5.89 | ||
| P/FCF | 25.15 | ||
| P/OCF | 22.46 | ||
| P/B | 3.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.96 |
EPS(TTM)2.62
EY3.93%
EPS(NY)3.19
Fwd EY4.79%
FCF(TTM)2.65
FCFY3.98%
OCF(TTM)2.96
OCFY4.45%
SpS11.31
BVpS17.11
TBVpS-14.78
PEG (NY)1.71
PEG (5Y)2.29
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 | 2.18 |
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 Y14.84%
EPS Next 2Y13.44%
EPS Next 3Y12.61%
EPS Next 5Y10.96%
Revenue 1Y (TTM)22.03%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%10.74%
Revenue Next Year7.14%
Revenue Next 2Y7.14%
Revenue Next 3Y7.21%
Revenue Next 5Y6.46%
EBIT growth 1Y7.97%
EBIT growth 3Y6.98%
EBIT growth 5Y12.18%
EBIT Next Year15.23%
EBIT Next 3Y10.72%
EBIT Next 5Y7.88%
FCF growth 1Y12.61%
FCF growth 3Y23.48%
FCF growth 5Y15.68%
OCF growth 1Y14.33%
OCF growth 3Y21.43%
OCF growth 5Y15.02%