Company Valuation: Nasdaq, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,118 30,140 33,545 44,435 55,461 52,874 - -
Change - -14.18% 11.3% 32.46% 24.81% -4.66% - -
Enterprise Value (EV) 1 40,526 35,015 43,338 53,108 63,623 61,042 60,339 59,523
Change - -13.6% 23.77% 22.54% 19.8% -4.06% -1.15% -1.35%
P/E 29.8x 27.1x 28x 40.1x 31.4x 26.6x 24.1x 21x
PBR 5.53x 4.91x 3.09x 3.97x 4.53x 4.43x 4.02x 3.58x
PEG - -7.08x -3.52x -5.56x 0.5x 1.7x 2.3x 1.5x
Capitalization / Revenue 10.3x 8.41x 8.61x 9.49x 10.6x 8.94x 8.27x 7.62x
EV / Revenue 11.8x 9.78x 11.1x 11.3x 12.1x 10.3x 9.43x 8.58x
EV / EBITDA 21.2x 17.8x 19.9x 20.1x 20.8x 17.2x 15.6x 14.1x
EV / EBIT 22.5x 18.8x 21x 21.1x 21.8x 18.1x 16.3x 14.7x
EV / FCF 44.1x 22.5x 28.2x 30.7x 32x 24.4x 22.6x 19.9x
FCF Yield 2.27% 4.44% 3.55% 3.26% 3.13% 4.1% 4.43% 5.03%
Dividend per Share 2 0.7033 0.78 0.86 0.94 1.05 1.202 1.345 1.522
Rate of return 1% 1.27% 1.48% 1.22% 1.08% 1.27% 1.42% 1.61%
EPS 2 2.35 2.26 2.08 1.93 3.09 3.562 3.929 4.494
Distribution rate 29.9% 34.5% 41.3% 48.7% 34% 33.7% 34.2% 33.9%
Net sales 1 3,420 3,582 3,895 4,683 5,249 5,912 6,396 6,936
EBITDA 1 1,912 1,966 2,182 2,646 3,063 3,546 3,876 4,218
EBIT 1 1,804 1,861 2,065 2,521 2,918 3,367 3,699 4,056
Net income 1 1,187 1,125 1,059 1,117 1,788 2,012 2,164 2,409
Net Debt 1 5,408 4,875 9,793 8,673 8,162 8,168 7,466 6,649
Reference price 2 70.00 61.35 58.14 77.31 97.13 94.59 94.59 94.59
Nbr of stocks (in thousands) 501,666 491,280 576,965 574,758 570,995 558,977 - -
Announcement Date 26/1/22 25/1/23 31/1/24 29/1/25 29/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.55x10.33x17.21x1.27% 52.87B
20.82x9.27x13.78x1.42% 84.38B
26.76x15.65x19.74x3.35% 66.32B
28.74x5.29x10.61x1.88% 58.57B
21.89x8.26x13.79x1.7% 57.13B
30.88x14.96x22.97x2.02% 20.49B
21.16x8.4x13.12x2.29% 18.96B
12.59x6.57x9.36x7.78% 14.71B
23.14x8.41x15.1x1.91% 10.3B
19.1x-4.27x-7.4x1.63% 7.97B
Average 23.16x 8.29x 12.83x 2.53% 39.17B
Weighted average by Cap. 24.20x 9.61x 14.67x 2.16%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  2. Stocks
  3. NDAQ Stock
  4. Valuation Nasdaq, Inc.