NASDAQ INC (NDAQ) Stock Fundamental Analysis
USA - NASDAQ:NDAQ - US6311031081 - Common Stock
88.6 USD
-1.73 (-1.92%)
Taking everything into account, NDAQ scores 5 out of 10 in our fundamental rating. NDAQ was compared to 236 industry peers in the Capital Markets industry. While NDAQ is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, NDAQ is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year NDAQ was profitable.
In the past year NDAQ had a positive cash flow from operations.
Each year in the past 5 years NDAQ has been profitable.
In the past 5 years NDAQ always reported a positive cash flow from operatings.
1.2 Ratios
NDAQ's Return On Assets of 4.96% is fine compared to the rest of the industry. NDAQ outperforms 67.37% of its industry peers.
The Return On Equity of NDAQ (12.77%) is better than 66.95% of its industry peers.
NDAQ has a Return On Invested Capital of 7.36%. This is in the better half of the industry: NDAQ outperforms 79.66% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NDAQ is in line with the industry average of 7.56%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.96% | ||
| ROE | 12.77% | ||
| ROIC | 7.36% |
ROA(3y)4.12%
ROA(5y)4.69%
ROE(3y)12.69%
ROE(5y)14.23%
ROIC(3y)7.46%
ROIC(5y)7.97%
1.3 Margins
NDAQ has a Profit Margin (18.59%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of NDAQ has declined.
The Operating Margin of NDAQ (27.06%) is comparable to the rest of the industry.
NDAQ's Operating Margin has been stable in the last couple of years.
NDAQ's Gross Margin of 60.60% is fine compared to the rest of the industry. NDAQ outperforms 71.61% of its industry peers.
NDAQ's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.06% | ||
| PM (TTM) | 18.59% | ||
| GM | 60.6% |
OM growth 3Y-0.88%
OM growth 5Y0.46%
PM growth 3Y-9.2%
PM growth 5Y-3.63%
GM growth 3Y2.64%
GM growth 5Y1.1%
2. Health
2.1 Basic Checks
Compared to 1 year ago, NDAQ has about the same amount of shares outstanding.
Compared to 5 years ago, NDAQ has more shares outstanding
Compared to 1 year ago, NDAQ has an improved debt to assets ratio.
2.2 Solvency
NDAQ has an Altman-Z score of 2.58. This is not the best score and indicates that NDAQ is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of NDAQ (2.58) is better than 74.58% of its industry peers.
NDAQ has a debt to FCF ratio of 4.30. This is a neutral value as NDAQ would need 4.30 years to pay back of all of its debts.
NDAQ has a Debt to FCF ratio of 4.30. This is in the better half of the industry: NDAQ outperforms 74.15% of its industry peers.
NDAQ has a Debt/Equity ratio of 0.73. This is a neutral value indicating NDAQ is somewhat dependend on debt financing.
NDAQ's Debt to Equity ratio of 0.73 is in line compared to the rest of the industry. NDAQ outperforms 58.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 4.3 | ||
| Altman-Z | 2.58 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
NDAQ has a Current Ratio of 0.96. This is a bad value and indicates that NDAQ is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of NDAQ (0.96) is worse than 61.02% of its industry peers.
A Quick Ratio of 0.96 indicates that NDAQ may have some problems paying its short term obligations.
With a Quick ratio value of 0.96, NDAQ is not doing good in the industry: 60.59% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 17.99% over the past year.
NDAQ shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.09% yearly.
Looking at the last year, NDAQ shows a very strong growth in Revenue. The Revenue has grown by 22.03%.
Measured over the past years, NDAQ shows a quite strong growth in Revenue. The Revenue has been growing by 11.67% on average per year.
EPS 1Y (TTM)17.99%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%18.92%
Revenue 1Y (TTM)22.03%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%14.75%
3.2 Future
NDAQ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.58% yearly.
The Revenue is expected to grow by 7.21% on average over the next years.
EPS Next Y22.04%
EPS Next 2Y16.45%
EPS Next 3Y14.99%
EPS Next 5Y12.58%
Revenue Next Year10.74%
Revenue Next 2Y9.02%
Revenue Next 3Y8.49%
Revenue Next 5Y7.21%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
NDAQ is valuated quite expensively with a Price/Earnings ratio of 27.01.
Based on the Price/Earnings ratio, NDAQ is valued a bit more expensive than 69.07% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.77. NDAQ is around the same levels.
The Price/Forward Earnings ratio is 23.17, which indicates a rather expensive current valuation of NDAQ.
NDAQ's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. NDAQ is more expensive than 63.56% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.23. NDAQ is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.01 | ||
| Fwd PE | 23.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NDAQ is valued a bit cheaper than the industry average as 70.76% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NDAQ is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.82 | ||
| EV/EBITDA | 21.37 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of NDAQ may justify a higher PE ratio.
NDAQ's earnings are expected to grow with 14.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.23
PEG (5Y)2.44
EPS Next 2Y16.45%
EPS Next 3Y14.99%
5. Dividend
5.1 Amount
NDAQ has a Yearly Dividend Yield of 1.22%.
NDAQ's Dividend Yield is slightly below the industry average, which is at 8.51.
Compared to an average S&P500 Dividend Yield of 2.36, NDAQ's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
5.2 History
The dividend of NDAQ is nicely growing with an annual growth rate of 8.85%!
NDAQ has paid a dividend for at least 10 years, which is a reliable track record.
NDAQ has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.85%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
NDAQ pays out 37.73% of its income as dividend. This is a sustainable payout ratio.
The dividend of NDAQ is growing, but earnings are growing more, so the dividend growth is sustainable.
DP37.73%
EPS Next 2Y16.45%
EPS Next 3Y14.99%
NASDAQ:NDAQ (10/22/2025, 10:13:03 AM)
88.6
-1.73 (-1.92%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners74.86%
Inst Owner Change-0.02%
Ins Owners0.54%
Ins Owner Change-0.45%
Market Cap50.84B
Revenue(TTM)7.40B
Net Income(TTM)1.51B
Analysts81.6
Price Target105.4 (18.96%)
Short Float %1.28%
Short Ratio1.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.22% |
Yearly Dividend0.94
Dividend Growth(5Y)8.85%
DP37.73%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1.4%
Min EPS beat(2)0.42%
Max EPS beat(2)2.38%
EPS beat(4)3
Avg EPS beat(4)1.67%
Min EPS beat(4)-0.6%
Max EPS beat(4)4.49%
EPS beat(8)5
Avg EPS beat(8)1%
EPS beat(12)8
Avg EPS beat(12)1.23%
EPS beat(16)11
Avg EPS beat(16)1.74%
Revenue beat(2)1
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)0.31%
Revenue beat(4)1
Avg Revenue beat(4)-1.77%
Min Revenue beat(4)-3.94%
Max Revenue beat(4)0.31%
Revenue beat(8)3
Avg Revenue beat(8)-0.86%
Revenue beat(12)6
Avg Revenue beat(12)16.68%
Revenue beat(16)10
Avg Revenue beat(16)29.2%
PT rev (1m)0%
PT rev (3m)22.65%
EPS NQ rev (1m)1.1%
EPS NQ rev (3m)5.31%
EPS NY rev (1m)0.09%
EPS NY rev (3m)3.37%
Revenue NQ rev (1m)0.38%
Revenue NQ rev (3m)2.48%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)1.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.01 | ||
| Fwd PE | 23.17 | ||
| P/S | 6.27 | ||
| P/FCF | 23.82 | ||
| P/OCF | 21.56 | ||
| P/B | 4.3 | ||
| P/tB | N/A | ||
| EV/EBITDA | 21.37 |
EPS(TTM)3.28
EY3.7%
EPS(NY)3.82
Fwd EY4.32%
FCF(TTM)3.72
FCFY4.2%
OCF(TTM)4.11
OCFY4.64%
SpS14.14
BVpS20.58
TBVpS-16.13
PEG (NY)1.23
PEG (5Y)2.44
Graham Number38.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.96% | ||
| ROE | 12.77% | ||
| ROCE | 9.66% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.63% | ||
| ROICexgc | 198.88% | ||
| OM | 27.06% | ||
| PM (TTM) | 18.59% | ||
| GM | 60.6% | ||
| FCFM | 26.31% |
ROA(3y)4.12%
ROA(5y)4.69%
ROE(3y)12.69%
ROE(5y)14.23%
ROIC(3y)7.46%
ROIC(5y)7.97%
ROICexc(3y)7.79%
ROICexc(5y)8.72%
ROICexgc(3y)105.04%
ROICexgc(5y)113.14%
ROCE(3y)10.12%
ROCE(5y)10.74%
ROICexgc growth 3Y-7.3%
ROICexgc growth 5Y3.79%
ROICexc growth 3Y-12.6%
ROICexc growth 5Y-5.33%
OM growth 3Y-0.88%
OM growth 5Y0.46%
PM growth 3Y-9.2%
PM growth 5Y-3.63%
GM growth 3Y2.64%
GM growth 5Y1.1%
F-Score8
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 4.3 | ||
| Debt/EBITDA | 3.08 | ||
| Cap/Depr | 36.25% | ||
| Cap/Sales | 2.76% | ||
| Interest Coverage | 5.66 | ||
| Cash Conversion | 83.83% | ||
| Profit Quality | 141.51% | ||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.96 | ||
| Altman-Z | 2.58 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)47.2%
Cap/Depr(5y)58.66%
Cap/Sales(3y)2.61%
Cap/Sales(5y)2.79%
Profit Quality(3y)146.14%
Profit Quality(5y)125.99%
High Growth Momentum
Growth
EPS 1Y (TTM)17.99%
EPS 3Y3.77%
EPS 5Y11.09%
EPS Q2Q%18.92%
EPS Next Y22.04%
EPS Next 2Y16.45%
EPS Next 3Y14.99%
EPS Next 5Y12.58%
Revenue 1Y (TTM)22.03%
Revenue growth 3Y7.93%
Revenue growth 5Y11.67%
Sales Q2Q%14.75%
Revenue Next Year10.74%
Revenue Next 2Y9.02%
Revenue Next 3Y8.49%
Revenue Next 5Y7.21%
EBIT growth 1Y17.95%
EBIT growth 3Y6.98%
EBIT growth 5Y12.18%
EBIT Next Year19.17%
EBIT Next 3Y11.84%
EBIT Next 5Y9.08%
FCF growth 1Y37.59%
FCF growth 3Y23.48%
FCF growth 5Y15.68%
OCF growth 1Y38.3%
OCF growth 3Y21.43%
OCF growth 5Y15.02%