89.35 USD
+0.91 (+1.03%)
We assign a fundamental rating of 5 out of 10 to NDAQ. NDAQ was compared to 237 industry peers in the Capital Markets industry. NDAQ has an average financial health and profitability rating. NDAQ is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year NDAQ was profitable.
NDAQ had a positive operating cash flow in the past year.
Each year in the past 5 years NDAQ has been profitable.
NDAQ had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.30%, NDAQ is doing good in the industry, outperforming 72.15% of the companies in the same industry.
Looking at the Return On Equity, with a value of 13.52%, NDAQ is in the better half of the industry, outperforming 72.15% of the companies in the same industry.
With an excellent Return On Invested Capital value of 7.71%, NDAQ belongs to the best of the industry, outperforming 81.43% of the companies in the same industry.
NDAQ had an Average Return On Invested Capital over the past 3 years of 7.46%. This is in line with the industry average of 6.96%.
The last Return On Invested Capital (7.71%) for NDAQ is above the 3 year average (7.46%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.3% | ||
| ROE | 13.52% | ||
| ROIC | 7.71% |
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
NDAQ has a Profit Margin (19.89%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of NDAQ has declined.
NDAQ has a Operating Margin (28.43%) which is in line with its industry peers.
In the last couple of years the Operating Margin of NDAQ has remained more or less at the same level.
NDAQ has a Gross Margin of 62.26%. This is in the better half of the industry: NDAQ outperforms 72.15% of its industry peers.
In the last couple of years the Gross Margin of NDAQ has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.43% | ||
| PM (TTM) | 19.89% | ||
| GM | 62.26% |
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
The number of shares outstanding for NDAQ remains at a similar level compared to 1 year ago.
NDAQ has more shares outstanding than it did 5 years ago.
The debt/assets ratio for NDAQ has been reduced compared to a year ago.
2.2 Solvency
NDAQ has an Altman-Z score of 2.57. This is not the best score and indicates that NDAQ is in the grey zone with still only limited risk for bankruptcy at the moment.
NDAQ has a Altman-Z score of 2.57. This is in the better half of the industry: NDAQ outperforms 74.26% of its industry peers.
The Debt to FCF ratio of NDAQ is 4.34, which is a neutral value as it means it would take NDAQ, 4.34 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.34, NDAQ is doing good in the industry, outperforming 72.15% of the companies in the same industry.
NDAQ has a Debt/Equity ratio of 0.72. This is a neutral value indicating NDAQ is somewhat dependend on debt financing.
The Debt to Equity ratio of NDAQ (0.72) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 2.57 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
NDAQ has a Current Ratio of 0.99. This is a bad value and indicates that NDAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
NDAQ has a Current ratio of 0.99. This is comparable to the rest of the industry: NDAQ outperforms 42.19% of its industry peers.
NDAQ has a Quick Ratio of 0.99. This is a bad value and indicates that NDAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
NDAQ has a Quick ratio of 0.99. This is comparable to the rest of the industry: NDAQ outperforms 45.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
NDAQ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.99%, 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 quite a strong growth in Revenue. In the last year, the Revenue has grown by 16.44%.
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)17.99%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%18.92%
Revenue 1Y (TTM)16.44%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%14.75%
3.2 Future
The Earnings Per Share is expected to grow by 13.25% on average over the next years. This is quite good.
NDAQ is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.56% yearly.
EPS Next Y23.68%
EPS Next 2Y17.06%
EPS Next 3Y15.24%
EPS Next 5Y13.25%
Revenue Next Year11.35%
Revenue Next 2Y9.37%
Revenue Next 3Y8.76%
Revenue Next 5Y7.56%
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.
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
The Price/Earnings ratio is 27.24, which means the current valuation is very expensive for NDAQ.
NDAQ's Price/Earnings ratio is a bit more expensive when compared to the industry. NDAQ is more expensive than 70.04% of the companies in the same industry.
NDAQ is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.65, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 23.12, NDAQ is valued on the expensive side.
NDAQ's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. NDAQ is more expensive than 61.60% of the companies in the same industry.
NDAQ is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.45, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.24 | ||
| Fwd PE | 23.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NDAQ is valued a bit cheaper than the industry average as 69.62% of the companies are valued more expensively.
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.44 | ||
| EV/EBITDA | 20.12 |
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.
A more expensive valuation may be justified as NDAQ's earnings are expected to grow with 15.24% in the coming years.
PEG (NY)1.15
PEG (5Y)2.46
EPS Next 2Y17.06%
EPS Next 3Y15.24%
5. Dividend
5.1 Amount
NDAQ has a Yearly Dividend Yield of 1.24%. Purely for dividend investing, there may be better candidates out there.
NDAQ's Dividend Yield is slightly below the industry average, which is at 8.60.
With a Dividend Yield of 1.24, NDAQ pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
5.2 History
The dividend of NDAQ is nicely growing with an annual growth rate of 8.85%!
NDAQ has been paying a dividend for at least 10 years, so it has 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)8.85%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
NDAQ pays out 36.06% of its income as dividend. This is a sustainable payout ratio.
The dividend of NDAQ is growing, but earnings are growing more, so the dividend growth is sustainable.
DP36.06%
EPS Next 2Y17.06%
EPS Next 3Y15.24%
NASDAQ:NDAQ (11/25/2025, 12:40:05 PM)
89.35
+0.91 (+1.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.86%
Inst Owner Change0.59%
Ins Owners0.54%
Ins Owner Change-0.45%
Market Cap51.27B
Revenue(TTM)8.17B
Net Income(TTM)1.63B
Analysts81.54
Price Target106.9 (19.64%)
Short Float %1.71%
Short Ratio2.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.24% |
Yearly Dividend0.94
Dividend Growth(5Y)8.85%
DP36.06%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.1%
Min EPS beat(2)1.81%
Max EPS beat(2)2.38%
EPS beat(4)3
Avg EPS beat(4)1%
Min EPS beat(4)-0.6%
Max EPS beat(4)2.38%
EPS beat(8)5
Avg EPS beat(8)0.99%
EPS beat(12)8
Avg EPS beat(12)1.15%
EPS beat(16)11
Avg EPS beat(16)1.77%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.53%
Max Revenue beat(2)0.31%
Revenue beat(4)1
Avg Revenue beat(4)-0.91%
Min Revenue beat(4)-1.92%
Max Revenue beat(4)0.31%
Revenue beat(8)3
Avg Revenue beat(8)-0.81%
Revenue beat(12)5
Avg Revenue beat(12)10.61%
Revenue beat(16)9
Avg Revenue beat(16)25.44%
PT rev (1m)1.42%
PT rev (3m)1.42%
EPS NQ rev (1m)1.83%
EPS NQ rev (3m)3.45%
EPS NY rev (1m)1.34%
EPS NY rev (3m)2.17%
Revenue NQ rev (1m)1.02%
Revenue NQ rev (3m)1.69%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.24 | ||
| Fwd PE | 23.12 | ||
| P/S | 6.28 | ||
| P/FCF | 24.44 | ||
| P/OCF | 21.96 | ||
| P/B | 4.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.12 |
EPS(TTM)3.28
EY3.67%
EPS(NY)3.86
Fwd EY4.32%
FCF(TTM)3.66
FCFY4.09%
OCF(TTM)4.07
OCFY4.55%
SpS14.23
BVpS20.95
TBVpS-15.57
PEG (NY)1.15
PEG (5Y)2.46
Graham Number39.32
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.3% | ||
| ROE | 13.52% | ||
| ROCE | 10.12% | ||
| ROIC | 7.71% | ||
| ROICexc | 7.89% | ||
| ROICexgc | 120.36% | ||
| OM | 28.43% | ||
| PM (TTM) | 19.89% | ||
| GM | 62.26% | ||
| FCFM | 25.69% |
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%
ROICexgc growth 3Y-7.3%
ROICexgc 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 | 0.72 | ||
| Debt/FCF | 4.34 | ||
| Debt/EBITDA | 2.94 | ||
| Cap/Depr | 37.98% | ||
| Cap/Sales | 2.9% | ||
| Interest Coverage | 6.23 | ||
| Cash Conversion | 79.26% | ||
| Profit Quality | 129.11% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 2.57 |
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)17.99%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%18.92%
EPS Next Y23.68%
EPS Next 2Y17.06%
EPS Next 3Y15.24%
EPS Next 5Y13.25%
Revenue 1Y (TTM)16.44%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%14.75%
Revenue Next Year11.35%
Revenue Next 2Y9.37%
Revenue Next 3Y8.76%
Revenue Next 5Y7.56%
EBIT growth 1Y22.92%
EBIT growth 3Y6.98%
EBIT growth 5Y12.18%
EBIT Next Year19.17%
EBIT Next 3Y11.84%
EBIT Next 5Y9.28%
FCF growth 1Y29.27%
FCF growth 3Y23.48%
FCF growth 5Y15.68%
OCF growth 1Y31.7%
OCF growth 3Y21.43%
OCF growth 5Y15.02%
NASDAQ INC / NDAQ FAQ
What is the fundamental rating for NDAQ stock?
ChartMill assigns a fundamental rating of 5 / 10 to NDAQ.
What is the valuation status of NASDAQ INC (NDAQ) stock?
ChartMill assigns a valuation rating of 3 / 10 to NASDAQ INC (NDAQ). This can be considered as Overvalued.
What is the profitability of NDAQ stock?
NASDAQ INC (NDAQ) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for NDAQ stock?
The Price/Earnings (PE) ratio for NASDAQ INC (NDAQ) is 27.24 and the Price/Book (PB) ratio is 4.26.
What is the financial health of NASDAQ INC (NDAQ) stock?
The financial health rating of NASDAQ INC (NDAQ) is 4 / 10.