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Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 250.90 EUR | -1.68% |
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-1.22% | +12.61% |
| 20/07 | Zonebourse corporate earnings calendar: week of July 20 to 24, 2026 |  |
| 20/07 | Frankfurt stocks close: Dax treads water, Middle East situation remains fragile | DP |
Projected Income Statement: Deutsche Börse AG
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,510 | 4,338 | 5,077 | 5,828 | 6,026 | 6,479 | 6,757 | 7,202 |
| Change | - | 23.6% | 17.04% | 14.81% | 3.39% | 7.52% | 4.29% | 6.58% |
| EBITDA 1 | 2,043 | 2,526 | 2,944 | 3,396 | 3,512 | 3,877 | 4,106 | 4,451 |
| Change | - | 23.62% | 16.58% | 15.33% | 3.43% | 10.39% | 5.9% | 8.4% |
| EBIT 1 | 1,749 | 2,170 | 2,526 | 2,900 | 3,010 | 3,363 | 3,579 | 3,922 |
| Change | - | 24.04% | 16.4% | 14.81% | 3.8% | 11.73% | 6.4% | 9.61% |
| Interest Paid 1 | -40.1 | -63.6 | -74 | -154.6 | -154 | -161 | -160.2 | -158 |
| Earnings before Tax (EBT) 1 | 1,709 | 2,106 | 2,452 | 2,745 | 2,857 | 3,182 | 3,370 | 3,691 |
| Change | - | 23.24% | 16.39% | 11.97% | 4.07% | 11.36% | 5.92% | 9.54% |
| Net income 1 | 1,210 | 1,494 | 1,724 | 1,948 | 1,995 | 2,247 | 2,406 | 2,632 |
| Change | - | 23.53% | 15.36% | 13.02% | 2.39% | 12.63% | 7.06% | 9.39% |
| Announcement Date | 09/02/22 | 08/02/23 | 06/02/24 | 11/02/25 | 11/02/26 | - | - | - |
Forecast Balance Sheet: Deutsche Börse AG
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,510 | 3,259 | 5,829 | 7,710 | 3,751 | 4,188 | 3,295 | 2,831 |
| Change | - | 29.84% | 78.86% | 32.27% | -51.35% | 11.65% | -21.32% | -14.08% |
| Announcement Date | 09/02/22 | 08/02/23 | 06/02/24 | 11/02/25 | 11/02/26 | - | - | - |
Cash Flow Forecast: Deutsche Börse AG
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 206.4 | 323.5 | 267.9 | 360.6 | 380 | 389.6 | 408.9 | 436.5 |
| Change | - | 56.73% | -17.19% | 34.6% | 5.38% | 2.51% | 4.97% | 6.73% |
| Free Cash Flow (FCF) 1 | 702.5 | 2,160 | 2,281 | 2,050 | 2,430 | 2,509 | 2,573 | 2,926 |
| Change | - | 207.49% | 5.6% | -10.13% | 18.53% | 3.26% | 2.53% | 13.73% |
| Announcement Date | 09/02/22 | 08/02/23 | 06/02/24 | 11/02/25 | 11/02/26 | - | - | - |
Forecast Financial Ratios: Deutsche Börse AG
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 58.22% | 58.23% | 58% | 58.26% | 58.28% | 59.84% | 60.76% | 61.8% |
| EBIT Margin (%) | 49.85% | 50.03% | 49.75% | 49.75% | 49.95% | 51.91% | 52.96% | 54.47% |
| EBT Margin (%) | 48.7% | 48.56% | 48.3% | 47.1% | 47.41% | 49.11% | 49.87% | 51.26% |
| Net margin (%) | 34.47% | 34.45% | 33.96% | 33.43% | 33.11% | 34.68% | 35.6% | 36.54% |
| FCF margin (%) | 20.02% | 49.8% | 44.93% | 35.17% | 40.33% | 38.73% | 38.08% | 40.63% |
| FCF / Net Income (%) | 58.07% | 144.55% | 132.31% | 105.21% | 121.8% | 111.67% | 106.95% | 111.18% |
Profitability | ||||||||
| ROA | 0.64% | 0.61% | 0.68% | 0.85% | 0.77% | 0.74% | 0.84% | 0.89% |
| ROE | 18.11% | 19.06% | 19.01% | 19.07% | 18.07% | 19.37% | 18.66% | 18.5% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 1.23x | 1.29x | 1.98x | 2.27x | 1.07x | 1.08x | 0.8x | 0.64x |
| Debt / Free cash flow | 3.57x | 1.51x | 2.56x | 3.76x | 1.54x | 1.67x | 1.28x | 0.97x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 5.88% | 7.46% | 5.28% | 6.19% | 6.31% | 6.01% | 6.05% | 6.06% |
| CAPEX / EBITDA (%) | 10.1% | 12.81% | 9.1% | 10.62% | 10.82% | 10.05% | 9.96% | 9.81% |
| CAPEX / FCF (%) | 29.38% | 14.98% | 11.74% | 17.59% | 15.64% | 15.52% | 15.89% | 14.92% |
Items per share | ||||||||
| Cash flow per share 1 | 4.942 | 13.5 | 13.81 | 13.09 | 15.32 | 14.02 | 16.57 | 17.72 |
| Change | - | 173.15% | 2.3% | -5.24% | 17.06% | -8.5% | 18.25% | 6.95% |
| Dividend per Share 1 | 3.2 | 3.6 | 3.8 | 4 | 4.2 | 4.641 | 4.977 | 5.403 |
| Change | - | 12.5% | 5.56% | 5.26% | 5% | 10.5% | 7.25% | 8.55% |
| Book Value Per Share 1 | 39.18 | 46.11 | 52.19 | 58.61 | 62.12 | 69.32 | 77.68 | 87.06 |
| Change | - | 17.69% | 13.2% | 12.29% | 5.99% | 11.6% | 12.05% | 12.08% |
| EPS 1 | 6.98 | 8.14 | 9.35 | 10.6 | 10.9 | 12.33 | 13.34 | 14.73 |
| Change | - | 16.62% | 14.86% | 13.37% | 2.83% | 13.15% | 8.14% | 10.45% |
| Nbr of stocks (in thousands) | 1,83,521 | 1,83,623 | 1,83,739 | 1,83,412 | 1,83,273 | 1,82,106 | 1,82,106 | 1,82,106 |
| Announcement Date | 09/02/22 | 08/02/23 | 06/02/24 | 11/02/25 | 11/02/26 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 20.7x | 19.1x |
| PBR | 3.68x | 3.29x |
| EV / Sales | 7.82x | 7.37x |
| Yield | 1.82% | 1.95% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
Trader
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Investor
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Global
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Quarterly revenue - Rate of surprise
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- Financials Deutsche Börse AG
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