NASDAQ INC (NDAQ) Stock Fundamental Analysis
USA - NASDAQ:NDAQ - US6311031081 - Common Stock
93.49 USD
-0.46 (-0.49%)
Overall NDAQ gets a fundamental rating of 5 out of 10. We evaluated NDAQ against 237 industry peers in the Capital Markets industry. Both the profitability and the financial health of NDAQ get a neutral evaluation. Nothing too spectacular is happening here. NDAQ is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
NDAQ had positive earnings in the past year.
NDAQ had a positive operating cash flow in the past year.
NDAQ had positive earnings in each of the past 5 years.
Each year in the past 5 years NDAQ had a positive operating cash flow.
1.2 Ratios
The Return On Assets of NDAQ (4.96%) is better than 68.35% of its industry peers.
Looking at the Return On Equity, with a value of 12.77%, NDAQ is in the better half of the industry, outperforming 68.35% of the companies in the same industry.
NDAQ's Return On Invested Capital of 7.36% is fine compared to the rest of the industry. NDAQ outperforms 79.75% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NDAQ is in line with the industry average of 7.61%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.96% | ||
| ROE | 12.77% | ||
| ROIC | 7.36% |
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
The Profit Margin of NDAQ (18.59%) is comparable to the rest of the industry.
NDAQ's Profit Margin has declined in the last couple of years.
NDAQ has a Operating Margin (27.06%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of NDAQ has remained more or less at the same level.
NDAQ's Gross Margin of 60.60% is fine compared to the rest of the industry. NDAQ outperforms 70.46% of its industry peers.
NDAQ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.06% | ||
| PM (TTM) | 18.59% | ||
| GM | 60.6% |
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
NDAQ has about the same amout of shares outstanding than it did 1 year ago.
NDAQ has more shares outstanding than it did 5 years ago.
NDAQ has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.65 indicates that NDAQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
NDAQ has a better Altman-Z score (2.65) than 75.11% of its industry peers.
NDAQ has a debt to FCF ratio of 4.30. This is a neutral value as NDAQ would need 4.30 years to pay back of all of its debts.
NDAQ's Debt to FCF ratio of 4.30 is fine compared to the rest of the industry. NDAQ outperforms 73.00% of its industry peers.
NDAQ has a Debt/Equity ratio of 0.73. This is a neutral value indicating NDAQ is somewhat dependend on debt financing.
NDAQ's Debt to Equity ratio of 0.73 is in line compared to the rest of the industry. NDAQ outperforms 59.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 4.3 | ||
| Altman-Z | 2.65 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
NDAQ has a Current Ratio of 0.96. This is a bad value and indicates that NDAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of NDAQ (0.96) is comparable to the rest of the industry.
NDAQ has a Quick Ratio of 0.96. This is a bad value and indicates that NDAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of NDAQ (0.96) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
NDAQ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.18%, which is quite good.
NDAQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.09% yearly.
NDAQ shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.58%.
Measured over the past years, NDAQ shows a quite strong growth in Revenue. The Revenue has been growing by 11.67% on average per year.
EPS 1Y (TTM)14.18%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%23.19%
Revenue 1Y (TTM)23.58%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%12.68%
3.2 Future
NDAQ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.58% yearly.
NDAQ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.21% yearly.
EPS Next Y21.06%
EPS Next 2Y16.22%
EPS Next 3Y14.73%
EPS Next 5Y12.58%
Revenue Next Year10.45%
Revenue Next 2Y8.84%
Revenue Next 3Y8.35%
Revenue Next 5Y7.21%
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
A Price/Earnings ratio of 29.77 indicates a quite expensive valuation of NDAQ.
70.04% of the companies in the same industry are cheaper than NDAQ, based on the Price/Earnings ratio.
NDAQ is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
NDAQ is valuated rather expensively with a Price/Forward Earnings ratio of 24.54.
Compared to the rest of the industry, the Price/Forward Earnings ratio of NDAQ indicates a slightly more expensive valuation: NDAQ is more expensive than 64.13% of the companies listed in the same industry.
NDAQ's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.77 | ||
| Fwd PE | 24.54 |
4.2 Price Multiples
70.89% of the companies in the same industry are more expensive than NDAQ, based on the Enterprise Value to EBITDA ratio.
NDAQ's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.14 | ||
| EV/EBITDA | 22.11 |
4.3 Compensation for Growth
NDAQ's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of NDAQ may justify a higher PE ratio.
NDAQ's earnings are expected to grow with 14.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.41
PEG (5Y)2.68
EPS Next 2Y16.22%
EPS Next 3Y14.73%
5. Dividend
5.1 Amount
NDAQ has a Yearly Dividend Yield of 1.09%. Purely for dividend investing, there may be better candidates out there.
NDAQ's Dividend Yield is slightly below the industry average, which is at 7.96.
Compared to an average S&P500 Dividend Yield of 2.38, NDAQ's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
On average, the dividend of NDAQ grows each year by 8.85%, which is quite nice.
NDAQ has paid a dividend for at least 10 years, which is a reliable track record.
NDAQ has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.85%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
37.73% of the earnings are spent on dividend by NDAQ. This is a low number and sustainable payout ratio.
NDAQ's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP37.73%
EPS Next 2Y16.22%
EPS Next 3Y14.73%
NASDAQ:NDAQ (9/15/2025, 2:17:08 PM)
93.49
-0.46 (-0.49%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners68.99%
Inst Owner Change-1.97%
Ins Owners0.54%
Ins Owner Change-0.39%
Market Cap53.64B
Analysts80.8
Price Target105.4 (12.74%)
Short Float %1.33%
Short Ratio1.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend0.94
Dividend Growth(5Y)8.85%
DP37.73%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.4%
Min EPS beat(2)0.42%
Max EPS beat(2)2.38%
EPS beat(4)3
Avg EPS beat(4)1.67%
Min EPS beat(4)-0.6%
Max EPS beat(4)4.49%
EPS beat(8)5
Avg EPS beat(8)1%
EPS beat(12)8
Avg EPS beat(12)1.23%
EPS beat(16)11
Avg EPS beat(16)1.74%
Revenue beat(2)1
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)0.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.77%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)0.31%
Revenue beat(8)3
Avg Revenue beat(8)-0.86%
Revenue beat(12)6
Avg Revenue beat(12)16.68%
Revenue beat(16)10
Avg Revenue beat(16)29.2%
PT rev (1m)0.06%
PT rev (3m)24.03%
EPS NQ rev (1m)0.56%
EPS NQ rev (3m)6.71%
EPS NY rev (1m)3.28%
EPS NY rev (3m)4.76%
Revenue NQ rev (1m)0.23%
Revenue NQ rev (3m)3.13%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)2.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.77 | ||
| Fwd PE | 24.54 | ||
| P/S | 6.61 | ||
| P/FCF | 25.14 | ||
| P/OCF | 22.75 | ||
| P/B | 4.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 22.11 |
EPS(TTM)3.14
EY3.36%
EPS(NY)3.81
Fwd EY4.07%
FCF(TTM)3.72
FCFY3.98%
OCF(TTM)4.11
OCFY4.4%
SpS14.14
BVpS20.58
TBVpS-16.13
PEG (NY)1.41
PEG (5Y)2.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.96% | ||
| ROE | 12.77% | ||
| ROCE | 9.66% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.63% | ||
| ROICexgc | 198.88% | ||
| OM | 27.06% | ||
| PM (TTM) | 18.59% | ||
| GM | 60.6% | ||
| FCFM | 26.31% |
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-Score8
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 4.3 | ||
| Debt/EBITDA | 3.08 | ||
| Cap/Depr | 36.25% | ||
| Cap/Sales | 2.76% | ||
| Interest Coverage | 5.66 | ||
| Cash Conversion | 83.83% | ||
| Profit Quality | 141.51% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 2.65 |
F-Score8
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)14.18%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%23.19%
EPS Next Y21.06%
EPS Next 2Y16.22%
EPS Next 3Y14.73%
EPS Next 5Y12.58%
Revenue 1Y (TTM)23.58%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%12.68%
Revenue Next Year10.45%
Revenue Next 2Y8.84%
Revenue Next 3Y8.35%
Revenue Next 5Y7.21%
EBIT growth 1Y17.95%
EBIT growth 3Y6.98%
EBIT growth 5Y12.18%
EBIT Next Year18.97%
EBIT Next 3Y11.81%
EBIT Next 5Y9.08%
FCF growth 1Y37.59%
FCF growth 3Y23.48%
FCF growth 5Y15.68%
OCF growth 1Y38.3%
OCF growth 3Y21.43%
OCF growth 5Y15.02%