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Deutsche Boerse AG
XETRA:DB1

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Deutsche Boerse AG
XETRA:DB1
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Price: 261.6 EUR -1.32% Market Closed
Market Cap: €48.7B

EV/FCFF

21.4
Current
14%
Cheaper
vs 3-y average of 24.7

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
21.4
=
Enterprise Value
€50.5B
/
Free Cash Flow to Firm
€2.4B

Enterprise Value to Free Cash Flow to Firm (EV/FCFF) ratio compares a company`s total enterprise value to the free cash flow available to all investors, both debt and equity holders. It shows how much investors are paying for each dollar of cash flow the business generates before interest payments.

EV/FCFF
21.4
=
Enterprise Value
€50.5B
/
Free Cash Flow to Firm
€2.4B

Valuation Scenarios

Deutsche Boerse AG is trading below its 3-year average

If EV/FCFF returns to its 3-Year Average (24.7), the stock would be worth €302.52 (16% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-17%
Maximum Upside
+43%
Average Upside
21%
Scenario EV/FCFF Value Implied Price Upside/Downside
Current Multiple 21.4 €261.6
0%
3-Year Average 24.7 €302.52
+16%
5-Year Average 30 €367.25
+40%
Industry Average 30.6 €374.96
+43%
Country Average 17.7 €216.57
-17%

Forward EV/FCFF
Today’s price vs future free cash flow to firm

Not enough data available to calculate forward EV/FCFF

Peer Comparison

All Multiples
EV/FCFF
P/E
All Countries
Close
Market Cap EV/FCFF P/E
DE
Deutsche Boerse AG
XETRA:DB1
47.6B EUR 21.4 23.9
US
S&P Global Inc
NYSE:SPGI
127.6B USD 25 26.7
US
CME Group Inc
NASDAQ:CME
104.4B USD 25.1 24.6
US
Intercontinental Exchange Inc
NYSE:ICE
89.6B USD 28 27
US
Moody's Corp
NYSE:MCO
82.2B USD 31.7 33
HK
Hong Kong Exchanges and Clearing Ltd
HKEX:388
532.2B HKD 17.7 29.2
UK
London Stock Exchange Group PLC
LSE:LSEG
48.7B GBP 32 39
US
Nasdaq Inc
NASDAQ:NDAQ
52.4B USD 30.3 29.3
US
Coinbase Global Inc
NASDAQ:COIN
50.3B USD 26.9 39.9
CN
East Money Information Co Ltd
SZSE:300059
320.2B CNY 8.2 24.4
US
MSCI Inc
NYSE:MSCI
43.1B USD 33.5 32.7

Market Distribution

In line with most companies in Germany
Percentile
59th
Based on 1 970 companies
59th percentile
21.4
Low
0.1 — 11.9
Typical Range
11.9 — 29.2
High
29.2 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 11.9
Median 17.7
70th Percentile 29.2
Max 2 317.8

Deutsche Boerse AG
Glance View

Deutsche Börse AG stands as a cornerstone of the global financial markets, orchestrating the complex dance of trade, clearing, and settlement. With origins stretching back to the Frankfurt Stock Exchange, this powerhouse has evolved into a diversified international exchange organization. Its operations are not just limited to the bustling trade floor; Deutsche Börse operates multiple business segments covering everything from pre-trade analytics to post-trade services. At the heart of its success is its trading platform, Xetra, which facilitates seamless trading of various financial instruments, including equities, securities, and exchange-traded funds. Such a robust technological framework empowers traders and investors by providing high liquidity and ensuring efficient market prices. Moreover, Deutsche Börse extends its capabilities through its Clearstream and Eurex segments, forming an integrated ecosystem where each component strengthens the other. Clearstream, as the post-trade infrastructure, ensures efficient clearing, custody, and settlement, minimizing risks while maintaining secure financial transactions worldwide. Simultaneously, Eurex serves as a leading derivatives exchange, offering a wide range of futures and options that appeal to a diverse clientele looking to hedge against risk or speculate on market movements. This multifaceted approach—combining trading, clearing, and settlement—solidifies Deutsche Börse's role in the global economy, creating a business model that generates revenue through transaction fees, clearing commissions, and service provisions while fostering market stability and growth.

DB1 Intrinsic Value
235.25 EUR
Overvaluation 10%
Intrinsic Value
Price €261.6
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