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 52,527 - -
Change - -14.18% 11.3% 32.46% 24.81% -5.29% - -
Enterprise Value (EV) 1 40,526 35,015 43,338 53,108 63,623 60,232 59,774 59,056
Change - -13.6% 23.77% 22.54% 19.8% -5.33% -0.76% -1.2%
P/E 29.8x 27.1x 28x 40.1x 31.4x 26.6x 23.8x 20.7x
PBR 5.53x 4.91x 3.09x 3.97x 4.53x 4.37x 3.96x 3.54x
PEG - -7.08x -3.52x -5.56x 0.5x 1.9x 2x 1.4x
Capitalization / Revenue 10.3x 8.41x 8.61x 9.49x 10.6x 8.9x 8.21x 7.56x
EV / Revenue 11.8x 9.78x 11.1x 11.3x 12.1x 10.2x 9.34x 8.5x
EV / EBITDA 21.2x 17.8x 19.9x 20.1x 20.8x 17.1x 15.4x 14x
EV / EBIT 22.5x 18.8x 21x 21.1x 21.8x 18x 16.2x 14.6x
EV / FCF 44.1x 22.5x 28.2x 30.7x 32x 25.2x 22.8x 20.1x
FCF Yield 2.27% 4.44% 3.55% 3.26% 3.13% 3.97% 4.39% 4.98%
Dividend per Share 2 0.7033 0.78 0.86 0.94 1.05 1.202 1.34 1.512
Rate of return 1% 1.27% 1.48% 1.22% 1.08% 1.28% 1.43% 1.61%
EPS 2 2.35 2.26 2.08 1.93 3.09 3.532 3.943 4.535
Distribution rate 29.9% 34.5% 41.3% 48.7% 34% 34% 34% 33.3%
Net sales 1 3,420 3,582 3,895 4,683 5,249 5,903 6,398 6,946
EBITDA 1 1,912 1,966 2,182 2,646 3,063 3,531 3,870 4,214
EBIT 1 1,804 1,861 2,065 2,521 2,918 3,353 3,692 4,042
Net income 1 1,187 1,125 1,059 1,117 1,788 2,001 2,170 2,430
Net Debt 1 5,408 4,875 9,793 8,673 8,162 7,705 7,247 6,529
Reference price 2 70.00 61.35 58.14 77.31 97.13 93.97 93.97 93.97
Nbr of stocks (in thousands) 501,666 491,280 576,965 574,758 570,995 558,977 - -
Announcement Date 26/01/22 25/01/23 31/01/24 29/01/25 29/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.71x15.06x21.07x3.92% 106B
22.7x9.81x14.57x1.31% 90.7B
24.52x9.1x15.17x1.54% 62.77B
23.6x13.84x17.45x3.78% 60.33B
29.26x5.15x10.33x1.91% 56.17B
26.61x10.2x17.06x1.28% 52.53B
32.75x9.24x16.99x0.52% 23.94B
17.49x9.69x13.97x4.98% 21.73B
Average 25.21x 10.26x 15.83x 2.41% 59.23B
Weighted average by Cap. 24.98x 10.86x 16.33x 2.43%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Nasdaq, Inc.

Historical PBR trend

Valuation ratios - PBR - Nasdaq, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Nasdaq, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Nasdaq, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - Nasdaq, Inc.