NASDAQ INC (NDAQ) Fundamental Analysis & Valuation

NASDAQ:NDAQ • US6311031081

Current stock price

88.61 USD
-0.26 (-0.29%)
At close:
88.74 USD
+0.13 (+0.15%)
After Hours:

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

7

1. NDAQ Profitability Analysis

1.1 Basic Checks

  • NDAQ had positive earnings in the past year.
  • NDAQ had a positive operating cash flow in the past year.
  • Each year in the past 5 years NDAQ has been profitable.
  • In the past 5 years NDAQ always reported a positive cash flow from operatings.
NDAQ Yearly Net Income VS EBIT VS OCF VS FCFNDAQ 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

  • NDAQ has a Return On Assets of 5.76%. This is in the better half of the industry: NDAQ outperforms 73.75% of its industry peers.
  • With a decent Return On Equity value of 14.62%, NDAQ is doing good in the industry, outperforming 73.33% of the companies in the same industry.
  • NDAQ has a Return On Invested Capital of 8.44%. This is amongst the best in the industry. NDAQ outperforms 81.67% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NDAQ is in line with the industry average of 7.19%.
  • The last Return On Invested Capital (8.44%) for NDAQ 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%
NDAQ Yearly ROA, ROE, ROICNDAQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • NDAQ has a Profit Margin (21.64%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of NDAQ has grown nicely.
  • NDAQ has a Operating Margin of 29.42%. This is comparable to the rest of the industry: NDAQ outperforms 55.42% of its industry peers.
  • NDAQ's Operating Margin has improved in the last couple of years.
  • NDAQ's Gross Margin of 63.54% is fine compared to the rest of the industry. NDAQ outperforms 70.83% of its industry peers.
  • In the last couple of years the Gross Margin of NDAQ 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%
NDAQ Yearly Profit, Operating, Gross MarginsNDAQ 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. NDAQ Health Analysis

2.1 Basic Checks

  • The number of shares outstanding for NDAQ has been reduced compared to 1 year ago.
  • NDAQ has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, NDAQ has an improved debt to assets ratio.
NDAQ Yearly Shares OutstandingNDAQ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
NDAQ Yearly Total Debt VS Total AssetsNDAQ 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

  • An Altman-Z score of 2.57 indicates that NDAQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • NDAQ's Altman-Z score of 2.57 is fine compared to the rest of the industry. NDAQ outperforms 72.92% of its industry peers.
  • The Debt to FCF ratio of NDAQ is 4.53, which is a neutral value as it means it would take NDAQ, 4.53 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 4.53, NDAQ is doing good in the industry, outperforming 70.42% of the companies in the same industry.
  • NDAQ has a Debt/Equity ratio of 0.70. This is a neutral value indicating NDAQ is somewhat dependend on debt financing.
  • NDAQ has a better Debt to Equity ratio (0.70) than 62.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Altman-Z 2.57
ROIC/WACCN/A
WACCN/A
NDAQ Yearly LT Debt VS Equity VS FCFNDAQ 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 NDAQ should not have too much problems paying its short term obligations.
  • NDAQ has a Current ratio (1.01) which is in line with its industry peers.
  • A Quick Ratio of 1.01 indicates that NDAQ should not have too much problems paying its short term obligations.
  • NDAQ's Quick ratio of 1.01 is in line compared to the rest of the industry. NDAQ outperforms 44.58% of its industry peers.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 1.01
NDAQ Yearly Current Assets VS Current LiabilitesNDAQ 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NDAQ Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 23.40% over the past year.
  • NDAQ 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 11.68% in the past year. This is quite good.
  • Measured over the past years, NDAQ 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

  • Based on estimates for the next years, NDAQ will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.58% on average per year.
  • 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 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.
  • 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.
NDAQ Yearly Revenue VS EstimatesNDAQ 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
NDAQ Yearly EPS VS EstimatesNDAQ 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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3

4. NDAQ Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 25.46, the valuation of NDAQ can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of NDAQ indicates a slightly more expensive valuation: NDAQ is more expensive than 70.42% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.87, NDAQ is valued at the same level.
  • With a Price/Forward Earnings ratio of 22.24, NDAQ is valued on the expensive side.
  • Based on the Price/Forward Earnings ratio, NDAQ is valued a bit more expensive than the industry average as 63.75% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 38.51. NDAQ is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 25.46
Fwd PE 22.24
NDAQ Price Earnings VS Forward Price EarningsNDAQ 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, NDAQ is valued a bit cheaper than 72.08% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NDAQ is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 25.32
EV/EBITDA 19.22
NDAQ Per share dataNDAQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • NDAQ has a very decent profitability rating, which may justify a higher PE ratio.
  • NDAQ'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%

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

5

5. NDAQ Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.22%, NDAQ has a reasonable but not impressive dividend return.
  • NDAQ's Dividend Yield is slightly below the industry average, which is at 6.51.
  • NDAQ's Dividend Yield is slightly below the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.22%

5.2 History

  • The dividend of NDAQ is nicely growing with an annual growth rate of 10.18%!
  • NDAQ has paid a dividend for at least 10 years, which is a reliable track record.
  • NDAQ has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.18%
Div Incr Years13
Div Non Decr Years13
NDAQ Yearly Dividends per shareNDAQ Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • NDAQ pays out 33.61% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of NDAQ is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP33.61%
EPS Next 2Y13.35%
EPS Next 3Y13.64%
NDAQ Yearly Income VS Free CF VS DividendNDAQ 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
NDAQ Dividend Payout.NDAQ Dividend Payout, showing the Payout Ratio.NDAQ Dividend Payout.PayoutRetained Earnings

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NDAQ Fundamentals: All Metrics, Ratios and Statistics

NASDAQ INC

NASDAQ:NDAQ (4/17/2026, 8:00:02 PM)

After market: 88.74 +0.13 (+0.15%)

88.61

-0.26 (-0.29%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners76.18%
Inst Owner Change0.05%
Ins Owners0.59%
Ins Owner Change0.22%
Market Cap50.37B
Revenue(TTM)8.26B
Net Income(TTM)1.79B
Analysts83.48
Price Target112.12 (26.53%)
Short Float %1.63%
Short Ratio1.58
Dividend
Industry RankSector Rank
Dividend Yield 1.22%
Yearly Dividend1.05
Dividend Growth(5Y)10.18%
DP33.61%
Div Incr Years13
Div Non Decr Years13
Ex-Date03-16
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)-0.07%
PT rev (3m)3.45%
EPS NQ rev (1m)0.15%
EPS NQ rev (3m)1.58%
EPS NY rev (1m)0.21%
EPS NY rev (3m)2.17%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.6%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 25.46
Fwd PE 22.24
P/S 6.1
P/FCF 25.32
P/OCF 22.34
P/B 4.12
P/tB N/A
EV/EBITDA 19.22
EPS(TTM)3.48
EY3.93%
EPS(NY)3.98
Fwd EY4.5%
FCF(TTM)3.5
FCFY3.95%
OCF(TTM)3.97
OCFY4.48%
SpS14.53
BVpS21.51
TBVpS-15.23
PEG (NY)1.76
PEG (5Y)2.3
Graham Number41.0392 (-53.69%)
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 2.57
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 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 Year16.2%
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 / NDAQ Fundamental Analysis FAQ

What is the fundamental rating for NDAQ stock?

ChartMill assigns a fundamental rating of 5 / 10 to NDAQ.


Can you provide the valuation status for NASDAQ INC?

ChartMill assigns a valuation rating of 3 / 10 to NASDAQ INC (NDAQ). This can be considered as Overvalued.


How profitable is NASDAQ INC (NDAQ) stock?

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


Can you provide the PE and PB ratios for NDAQ stock?

The Price/Earnings (PE) ratio for NASDAQ INC (NDAQ) is 25.46 and the Price/Book (PB) ratio is 4.12.


What is the expected EPS growth for NASDAQ INC (NDAQ) stock?

The Earnings per Share (EPS) of NASDAQ INC (NDAQ) is expected to grow by 14.5% in the next year.