Projected Income Statement: Nasdaq, Inc.

Forecast Balance Sheet: Nasdaq, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 5,408 4,875 9,793 8,673 8,162 8,168 7,466 6,649
Change - -9.86% 100.88% -11.44% -5.89% 0.07% -8.59% -10.94%
Announcement Date 26/01/22 25/01/23 31/01/24 29/01/25 29/01/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Nasdaq, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 163 152 158 207 266 276.7 291.4 311.6
Change - -6.75% 3.95% 31.01% 28.5% 4.04% 5.29% 6.94%
Free Cash Flow (FCF) 1 920 1,554 1,538 1,732 1,989 2,503 2,671 2,995
Change - 68.91% -1.03% 12.61% 14.84% 25.84% 6.71% 12.13%
Announcement Date 26/01/22 25/01/23 31/01/24 29/01/25 29/01/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Nasdaq, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 55.91% 54.89% 56.02% 56.5% 58.35% 59.99% 60.61% 60.81%
EBIT Margin (%) 52.75% 51.95% 53.02% 53.83% 55.59% 56.96% 57.83% 58.48%
EBT Margin (%) 44.85% 41.18% 35.97% 30.94% 40.86% 44.7% 45.67% 47.96%
Net margin (%) 34.71% 31.41% 27.19% 23.85% 34.06% 34.04% 33.83% 34.73%
FCF margin (%) 26.9% 43.38% 39.49% 36.98% 37.89% 42.34% 41.76% 43.18%
FCF / Net Income (%) 77.51% 138.13% 145.23% 155.06% 111.24% 124.4% 123.43% 124.32%

Profitability

        
ROA 6.68% 5.49% 5.39% 5.2% 5.82% 12.92% 6.5% 6.9%
ROE 19.85% 17.93% 16.89% 14.82% 17.2% 19.04% 20.67% 22.04%

Financial Health

        
Leverage (Debt/EBITDA) 2.83x 2.48x 4.49x 3.28x 2.66x 2.3x 1.93x 1.58x
Debt / Free cash flow 5.88x 3.14x 6.37x 5.01x 4.1x 3.26x 2.8x 2.22x

Capital Intensity

        
CAPEX / Current Assets (%) 4.77% 4.24% 4.06% 4.42% 5.07% 4.68% 4.56% 4.49%
CAPEX / EBITDA (%) 8.53% 7.73% 7.24% 7.82% 8.68% 7.8% 7.52% 7.39%
CAPEX / FCF (%) 17.72% 9.78% 10.27% 11.95% 13.37% 11.06% 10.91% 10.4%

Items per share

        
Cash flow per share 1 2.144 3.427 - - - - - -
Change - 59.81% - - - - - -
Dividend per Share 1 0.7033 0.78 0.86 0.94 1.05 1.202 1.345 1.522
Change - 10.9% 10.26% 9.3% 11.7% 14.5% 11.91% 13.15%
Book Value Per Share 1 12.66 12.49 18.81 19.46 21.45 21.36 23.54 26.4
Change - -1.31% 50.54% 3.48% 10.25% -0.44% 10.22% 12.14%
EPS 1 2.35 2.26 2.08 1.93 3.09 3.562 3.929 4.494
Change - -3.83% -7.96% -7.21% 60.1% 15.29% 10.28% 14.39%
Nbr of stocks (in thousands) 5,01,666 4,91,280 5,76,965 5,74,758 5,70,995 5,58,977 5,58,977 5,58,977
Announcement Date 26/01/22 25/01/23 31/01/24 29/01/25 29/01/26 - - -
1USD
Estimates
2026 *2027 *
P/E 26.9x 24.4x
PBR 4.49x 4.08x
EV / Sales 10.5x 9.55x
Yield 1.25% 1.4%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
95.96USD
Average target price
110.07USD
Spread / Average Target
+14.70%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. NDAQ Stock
  4. Financials Nasdaq, Inc.