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 52,650 - -
Change - -14.18% 11.3% 32.46% 24.81% -5.07% - -
Enterprise Value (EV) 1 40,526 35,015 43,338 53,108 63,623 60,819 60,116 59,299
Change - -13.6% 23.77% 22.54% 19.8% -4.41% -1.16% -1.36%
P/E 29.8x 27.1x 28x 40.1x 31.4x 26.4x 24x 21x
PBR 5.53x 4.91x 3.09x 3.97x 4.53x 4.41x 4x 3.57x
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 8.91x 8.23x 7.59x
EV / Revenue 11.8x 9.78x 11.1x 11.3x 12.1x 10.3x 9.4x 8.55x
EV / EBITDA 21.2x 17.8x 19.9x 20.1x 20.8x 17.2x 15.5x 14.1x
EV / EBIT 22.5x 18.8x 21x 21.1x 21.8x 18.1x 16.3x 14.6x
EV / FCF 44.1x 22.5x 28.2x 30.7x 32x 24.3x 22.5x 19.8x
FCF Yield 2.27% 4.44% 3.55% 3.26% 3.13% 4.12% 4.44% 5.05%
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% 1.28% 1.43% 1.62%
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 94.19 94.19 94.19
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.44x10.29x17.15x1.28% 52.65B
21.4x9.51x14.18x1.39% 85.6B
26.62x15.53x19.63x3.37% 65.87B
25.67x5.05x10.12x1.99% 55.04B
20.94x7.94x13.23x1.77% 54.4B
36.14x16.57x26.01x1.85% 20.37B
22.14x8.54x13.71x2.26% 18.51B
13.25x6.91x9.85x7.39% 15.5B
22.67x8.28x15.28x1.95% 10.06B
18.65x-4.5x-7.77x1.64% 7.76B
Average 23.39x 8.41x 13.14x 2.49% 38.58B
Weighted average by Cap. 23.99x 9.69x 14.82x 2.18%

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.