Financials Euronext N.V.

Equities

ENX

NL0006294274

Financial & Commodity Market Operators

Market Closed - Euronext Paris Other stock markets 10:05:27 06/12/2024 pm IST			5-day change	1st Jan Change
107.40 ^EUR	-0.56%		+1.61%	+36.55%

29/11	HSBC Downgrades Euronext to Hold, Lifts PT	MT
11/11	Trump makes Wall Street shine and depresses Europe

Projected Income Statement: Euronext N.V.

income-statement-evolution-chart EURONEXT-N-V

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	679.1	884.3	1,299	1,419	1,475	1,624	1,693	1,769
Change	-	30.22%	46.86%	9.25%	3.94%	10.14%	4.24%	4.5%
EBITDA ¹	399.4	520	752.8	861.6	864.7	995.7	1,039	1,091
Change	-	30.2%	44.77%	14.45%	0.36%	15.15%	4.3%	5.06%
EBIT ¹	355.7	462.3	627.1	792.8	790.4	917.7	950.4	1,005
Change	-	29.97%	35.65%	26.42%	-0.3%	16.11%	3.56%	5.77%
Interest Paid ¹	-17.4	-12.8	-31.7	-32	0.1	-20	-20	-11.73
Earnings before Tax (EBT) ¹	325.6	442.7	580.7	614.2	699.1	832.2	891.9	954
Change	-	35.96%	31.17%	5.77%	13.82%	19.03%	7.18%	6.96%
Net income ¹	222	315.5	413.3	437.8	513.6	575.6	624.8	667.4
Change	-	42.12%	31%	5.93%	17.31%	12.07%	8.54%	6.82%
Announcement Date	12/02/20	10/02/21	10/02/22	09/02/23	15/02/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Dezember	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	181.7	185.7	236.8	210.7	204.8	232	246.2	328.8	350.6	370.1	395.7	374.7	301.4	347	372.3	368.1	360.2	374.1	401.9	412.9	396.3	408.4	421.7	429.2	412.3	417.4
Change	-	2.2%	27.52%	-11.02%	-2.8%	13.28%	6.12%	33.55%	6.63%	5.56%	6.92%	-5.31%	-19.56%	15.13%	7.29%	-1.13%	-2.15%	3.86%	7.43%	2.74%	-4.02%	3.04%	3.27%	1.78%	-3.94%	1.24%
EBITDA ¹	108	104.1	150	125.4	117.8	126.8	148.7	192.9	203	208.2	252.2	221.7	199.9	187.9	218.5	216.1	213.7	216.3	251.3	256.8	245.8	263.1	-	-	-	-
Change	-	-3.61%	44.09%	-16.4%	-6.06%	7.64%	17.27%	29.72%	5.24%	2.56%	21.13%	-12.09%	-9.83%	-6%	16.29%	-1.1%	-1.11%	1.22%	16.18%	2.19%	-4.28%	7.05%	-100%	-	-	-
EBIT ¹	94.9	91.3	137.2	111.8	102.3	111	132.7	162.4	165.1	166.9	233.7	206.9	109.5	168.4	200.9	197.8	195.4	196.3	232.3	234.8	224.7	219	243.3	245.6	232.6	236.3
Change	-	-3.79%	50.27%	-18.51%	-8.5%	8.5%	19.55%	22.38%	1.66%	1.09%	40.02%	-11.47%	-47.08%	53.79%	19.3%	-1.54%	-1.21%	0.46%	18.34%	1.08%	-4.3%	-2.52%	11.07%	0.95%	-5.29%	1.59%
Charge d'intérêts	-2	-14.2	-2	-2.5	-3.4	-	-	-	-7.3	-6.7	-9.9	-9.1	-4.7	-8.3	-4.5	-1.6	1.5	-	-	-	-	-	-	-	-0.2	-
Earnings before Tax (EBT) ¹	94.7	72.4	136.2	111.2	97.2	-	-	125.7	167.6	151.3	199.6	167.2	106.6	140.8	135.2	166.4	220.6	-	203.3	206.7	220.7	-	-	-	-	-
Change	-	-23.55%	88.12%	-18.36%	-12.59%	-100%	-	-	33.33%	-9.73%	31.92%	-16.23%	-36.24%	32.08%	-3.98%	23.08%	32.57%	-100%	-	1.67%	6.77%	-100%	-	-	-	-
Net income ¹	63.5	49	96.1	82.1	70.2	67.1	98.2	86.6	115.8	112.7	143.8	118.9	75.8	99.3	96.5	120	166.5	130.6	139.7	141.7	159.5	144.8	166.1	166.8	172.2	165.6
Change	-	-22.83%	96.12%	-14.57%	-14.49%	-4.42%	46.35%	-11.81%	33.72%	-2.68%	27.6%	-17.32%	-36.25%	31%	-2.82%	24.35%	38.75%	-21.56%	6.97%	1.43%	12.56%	-9.23%	14.73%	0.42%	3.24%	-3.83%
Announcement Date	07/11/19	12/02/20	13/05/20	29/07/20	05/11/20	10/02/21	29/04/21	29/07/21	04/11/21	10/02/22	17/05/22	28/07/22	03/11/22	09/02/23	16/05/23	27/07/23	08/11/23	15/02/24	14/05/24	25/07/24	07/11/24	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: Dezember	2021 S2	2022 S1	2023 S1
Net sales	723.7	770.4	-
Change	-	6.45%	-100%
EBITDA	411.2	473.9	-
Change	-	15.25%	-100%
EBIT	332	-	-
Change	-	-100%	-
Charge d'intérêts ¹	-14	-	-6.4
Earnings before Tax (EBT)	318.9	-	-
Change	-	-100%	-
Net income	228.5	-	-
Change	-	-100%	-
Announcement Date	10/02/22	28/07/22	27/07/23

¹EUR in Million

Estimates

Forecast Balance Sheet: Euronext N.V.

balance-sheet-analysis-chart EURONEXT-N-V

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	649	610	2,172	1,931	1,600	1,344	1,155	761
Change	-	-6.01%	256.07%	-11.1%	-17.14%	-16%	-14.06%	-34.11%
Announcement Date	12/02/20	10/02/21	10/02/22	09/02/23	15/02/24	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Euronext N.V.

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	26.1	19.2	67.6	99.52	103	82.71	84.29	86.21
Change	-	-26.44%	252.08%	47.21%	3.5%	-19.7%	1.91%	2.28%
Free Cash Flow (FCF) ¹	227.7	258.8	476	517	723.1	613.1	696.4	735
Change	-	13.66%	83.93%	8.61%	39.87%	-15.21%	13.59%	5.55%
Announcement Date	12/02/20	10/02/21	10/02/22	09/02/23	15/02/24	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Euronext N.V.

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	58.81%	58.8%	57.97%	60.73%	58.64%	61.3%	61.34%	61.66%
EBIT Margin (%)	52.38%	52.28%	48.29%	55.88%	53.6%	56.5%	56.13%	56.81%
EBT Margin (%)	47.95%	50.06%	44.71%	43.29%	47.41%	51.23%	52.68%	53.91%
Net margin (%)	32.69%	35.68%	31.82%	30.86%	34.83%	35.44%	36.9%	37.72%
FCF margin (%)	33.53%	29.27%	36.65%	36.44%	49.03%	37.75%	41.13%	41.54%
FCF / Net Income (%)	102.57%	82.03%	115.17%	118.08%	140.79%	106.51%	111.47%	110.14%
Profitability
ROA	13.55%	13.14%	0.56%	0.27%	0.28%	0.33%	0.33%	0.34%
ROE	31.76%	31.19%	17.14%	11.26%	13.07%	15.1%	15.38%	15.14%
Financial Health
Leverage (Debt/EBITDA)	1.62x	1.17x	2.88x	2.24x	1.85x	1.35x	1.11x	0.7x
Debt / Free cash flow	2.85x	2.36x	4.56x	3.73x	2.21x	2.19x	1.66x	1.03x
Capital Intensity
CAPEX / Current Assets (%)	3.84%	2.17%	5.21%	7.01%	6.98%	5.09%	4.98%	4.87%
CAPEX / EBITDA (%)	6.53%	3.69%	8.98%	11.55%	11.91%	8.31%	8.12%	7.9%
CAPEX / FCF (%)	11.46%	7.42%	14.2%	19.25%	14.24%	13.49%	12.1%	11.73%
Items per share
Cash flow per share ¹	3.629	3.971	5.659	5.767	7.766	8.006	7.423	7.345
Change	-	9.42%	42.49%	1.91%	34.66%	3.1%	-7.29%	-1.04%
Dividend per Share ¹	1.59	2.25	1.93	2.22	2.48	2.783	2.972	3.164
Change	-	41.51%	-14.22%	15.03%	11.71%	12.22%	6.8%	6.44%
Book Value Per Share ¹	13.18	15.12	38.88	37.79	38.06	41.64	45.07	48.76
Change	-	14.75%	157.17%	-2.8%	0.71%	9.39%	8.26%	8.19%
EPS ¹	3.19	4.51	4.29	4.1	4.83	5.65	6.099	6.518
Change	-	41.38%	-4.88%	-4.43%	17.8%	16.98%	7.95%	6.86%
Nbr of stocks (in thousands)	69,614	69,567	1,06,422	1,06,582	1,06,398	1,03,666	1,03,666	1,03,666
Announcement Date	12/02/20	10/02/21	10/02/22	09/02/23	15/02/24	-	-	-