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 7,765 6,768 6,653
Change - -9.86% 100.88% -11.44% -5.89% -4.86% -12.84% -1.7%
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 1 163 152 158 207 266 258 274.5 293.6
Change - -6.75% 3.95% 31.01% 28.5% -3% 6.4% 6.95%
Free Cash Flow (FCF) 1 920 1,554 1,538 1,732 1,989 2,571 2,615 2,926
Change - 68.91% -1.03% 12.61% 14.84% 29.27% 1.7% 11.89%
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% 58.94% 59.14% 59.87%
EBIT Margin (%) 52.75% 51.95% 53.02% 53.83% 55.59% 56.37% 56.86% 57.99%
EBT Margin (%) 44.85% 41.18% 35.97% 30.94% 40.86% 46.87% 47.28% 49.27%
Net margin (%) 34.71% 31.41% 27.19% 23.85% 34.06% 33.19% 33.36% 34.33%
FCF margin (%) 26.9% 43.38% 39.49% 36.98% 37.89% 44.59% 41.82% 43.17%
FCF / Net Income (%) 77.51% 138.13% 145.23% 155.06% 111.24% 134.34% 125.38% 125.76%

Profitability

        
ROA 6.68% 5.49% 5.39% 5.2% 5.82% 10.55% 7% 6.9%
ROE 19.85% 17.93% 16.89% 14.82% 17.2% 17.95% 19.53% 21.46%

Financial Health

        
Leverage (Debt/EBITDA) 2.83x 2.48x 4.49x 3.28x 2.66x 2.28x 1.83x 1.64x
Debt / Free cash flow 5.88x 3.14x 6.37x 5.01x 4.1x 3.02x 2.59x 2.27x

Capital Intensity

        
CAPEX / Current Assets (%) 4.77% 4.24% 4.06% 4.42% 5.07% 4.47% 4.39% 4.33%
CAPEX / EBITDA (%) 8.53% 7.73% 7.24% 7.82% 8.68% 7.59% 7.43% 7.24%
CAPEX / FCF (%) 17.72% 9.78% 10.27% 11.95% 13.37% 10.04% 10.5% 10.04%

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 1.185 1.339 1.51
Change - 10.9% 10.26% 9.3% 11.7% 12.85% 13.04% 12.7%
Book Value Per Share 1 12.66 12.49 18.81 19.46 - 21.65 22.94 24.74
Change - -1.31% 50.54% 3.48% - - 5.97% 7.84%
EPS 1 2.35 2.26 2.08 1.93 3.09 3.37 3.737 4.264
Change - -3.83% -7.96% -7.21% 60.1% 9.06% 10.88% 14.12%
Nbr of stocks (in thousands) 501,666 491,280 576,965 574,758 570,995 565,541 565,541 565,541
Announcement Date 26/01/22 25/01/23 31/01/24 29/01/25 29/01/26 - - -
1USD
Estimates
2026 *2027 *
P/E 24.5x 22.1x
PBR 3.81x 3.6x
EV / Sales 9.44x 8.54x
Yield 1.44% 1.62%

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
82.49USD
Average target price
106.13USD
Spread / Average Target
+28.66%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. NDAQ Stock
  4. Financials Nasdaq, Inc.
-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!