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 49,055 - -
Change - -14.18% 11.3% 32.46% 24.81% -11.55% - -
Enterprise Value (EV) 1 40,526 35,015 43,338 53,108 63,623 56,820 55,823 55,708
Change - -13.6% 23.77% 22.54% 19.8% -10.69% -1.75% -0.21%
P/E Ratio 29.8x 27.1x 28x 40.1x 31.4x 25.7x 23.2x 20.3x
PBR 5.53x 4.91x 3.09x 3.97x - 4.01x 3.78x 3.51x
PEG - -7.08x -3.52x -5.56x 0.5x 2.84x 2.1x 1.4x
Capitalization / Revenue 10.3x 8.41x 8.61x 9.49x 10.6x 8.51x 7.85x 7.24x
EV / Revenue 11.8x 9.78x 11.1x 11.3x 12.1x 9.85x 8.93x 8.22x
EV / EBITDA 21.2x 17.8x 19.9x 20.1x 20.8x 16.7x 15.1x 13.7x
EV / EBIT 22.5x 18.8x 21x 21.1x 21.8x 17.5x 15.7x 14.2x
EV / FCF 44.1x 22.5x 28.2x 30.7x 32x 22.1x 21.3x 19x
FCF Yield 2.27% 4.44% 3.55% 3.26% 3.13% 4.52% 4.68% 5.25%
Dividend per Share 2 0.7033 0.78 0.86 0.94 1.05 1.185 1.339 1.51
Rate of return 1% 1.27% 1.48% 1.22% 1.08% 1.37% 1.54% 1.74%
EPS 2 2.35 2.26 2.08 1.93 3.09 3.37 3.737 4.264
Distribution rate 29.9% 34.5% 41.3% 48.7% 34% 35.2% 35.8% 35.4%
Net sales 1 3,420 3,582 3,895 4,683 5,249 5,766 6,252 6,778
EBITDA 1 1,912 1,966 2,182 2,646 3,063 3,399 3,697 4,058
EBIT 1 1,804 1,861 2,065 2,521 2,918 3,250 3,555 3,931
Net income 1 1,187 1,125 1,059 1,117 1,788 1,914 2,086 2,326
Net Debt 1 5,408 4,875 9,793 8,673 8,162 7,765 6,768 6,653
Reference price 2 70.00 61.35 58.14 77.31 97.13 86.74 86.74 86.74
Nbr of stocks (in thousands) 501,666 491,280 576,965 574,758 570,995 565,541 - -
Announcement Date 1/26/22 A 1/25/23 A 1/31/24 A 1/29/25 A 1/29/26 A - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.74x9.85x16.72x1.37% 49.06B
19.54x8.84x13.1x1.52% 78.72B
24.7x14.31x18.19x3.62% 60.32B
33.53x5.27x10.51x1.89% 57.49B
20.21x7.62x12.77x1.87% 51.71B
32.88x15.43x24.32x2.03% 18.47B
20.42x7.91x12.72x2.44% 17.08B
13.53x6.69x9.51x7.73% 15.02B
22.64x7.93x14.16x1.92% 9.88B
16.96x-5.3x-9.08x1.79% 7.12B
Average 23.02x 7.86x 12.29x 2.62% 36.49B
Weighted average by Cap. 24.03x 9.05x 13.97x 2.3%

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

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