NASDAQ INC (NDAQ) Fundamental Analysis & Valuation

NASDAQ:NDAQ • US6311031081

Current stock price

81.48 USD
-2.3 (-2.75%)
At close:
81.15 USD
-0.33 (-0.41%)
After Hours:

This NDAQ fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. NDAQ Profitability Analysis

1.1 Basic Checks

  • In the past year NDAQ was profitable.
  • In the past year NDAQ had a positive cash flow from operations.
  • In the past 5 years NDAQ has always been profitable.
  • NDAQ had a positive operating cash flow in each of the past 5 years.
NDAQ Yearly Net Income VS EBIT VS OCF VS FCFNDAQ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • With a decent Return On Assets value of 5.76%, NDAQ is doing good in the industry, outperforming 73.22% of the companies in the same industry.
  • NDAQ's Return On Equity of 14.62% is fine compared to the rest of the industry. NDAQ outperforms 73.22% of its industry peers.
  • With an excellent Return On Invested Capital value of 8.44%, NDAQ belongs to the best of the industry, outperforming 81.59% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NDAQ is in line with the industry average of 7.28%.
  • The 3 year average ROIC (7.14%) for NDAQ is below the current ROIC(8.44%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.76%
ROE 14.62%
ROIC 8.44%
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
NDAQ Yearly ROA, ROE, ROICNDAQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • NDAQ's Profit Margin of 21.64% is in line compared to the rest of the industry. NDAQ outperforms 58.16% of its industry peers.
  • NDAQ's Profit Margin has improved in the last couple of years.
  • NDAQ has a Operating Margin (29.42%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of NDAQ has grown nicely.
  • NDAQ has a Gross Margin of 63.54%. This is in the better half of the industry: NDAQ outperforms 70.29% of its industry peers.
  • In the last couple of years the Gross Margin of NDAQ has grown nicely.
Industry RankSector Rank
OM 29.42%
PM (TTM) 21.64%
GM 63.54%
OM growth 3Y3.02%
OM growth 5Y4.17%
PM growth 3Y6.2%
PM growth 5Y5.47%
GM growth 3Y3.36%
GM growth 5Y4.25%
NDAQ Yearly Profit, Operating, Gross MarginsNDAQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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5

2. NDAQ Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, NDAQ has less shares outstanding
  • NDAQ has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for NDAQ has been reduced compared to a year ago.
NDAQ Yearly Shares OutstandingNDAQ Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
NDAQ Yearly Total Debt VS Total AssetsNDAQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 2.48 indicates that NDAQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.48, NDAQ is doing good in the industry, outperforming 72.80% of the companies in the same industry.
  • NDAQ has a debt to FCF ratio of 4.53. This is a neutral value as NDAQ would need 4.53 years to pay back of all of its debts.
  • NDAQ has a better Debt to FCF ratio (4.53) than 69.87% of its industry peers.
  • A Debt/Equity ratio of 0.70 indicates that NDAQ is somewhat dependend on debt financing.
  • NDAQ's Debt to Equity ratio of 0.70 is fine compared to the rest of the industry. NDAQ outperforms 62.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Altman-Z 2.48
ROIC/WACCN/A
WACCN/A
NDAQ Yearly LT Debt VS Equity VS FCFNDAQ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.3 Liquidity

  • NDAQ has a Current Ratio of 1.01. This is a normal value and indicates that NDAQ is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Current ratio value of 1.01, NDAQ perfoms like the industry average, outperforming 43.93% of the companies in the same industry.
  • NDAQ has a Quick Ratio of 1.01. This is a normal value and indicates that NDAQ is financially healthy and should not expect problems in meeting its short term obligations.
  • NDAQ has a Quick ratio (1.01) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.01
Quick Ratio 1.01
NDAQ Yearly Current Assets VS Current LiabilitesNDAQ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NDAQ Growth Analysis

3.1 Past

  • NDAQ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.40%, which is quite impressive.
  • Measured over the past years, NDAQ shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.09% on average per year.
  • The Revenue has grown by 11.68% in the past year. This is quite good.
  • The Revenue has been growing slightly by 7.98% on average over the past years.
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
Revenue 1Y (TTM)11.68%
Revenue growth 3Y9.89%
Revenue growth 5Y7.98%
Sales Q2Q%13.45%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.58% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.71% on average over the next years.
EPS Next Y14.26%
EPS Next 2Y13.41%
EPS Next 3Y13.45%
EPS Next 5Y11.58%
Revenue Next Year9%
Revenue Next 2Y8.56%
Revenue Next 3Y8.3%
Revenue Next 5Y6.71%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
NDAQ Yearly Revenue VS EstimatesNDAQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B 8B
NDAQ Yearly EPS VS EstimatesNDAQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

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3

4. NDAQ Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 23.41 indicates a rather expensive valuation of NDAQ.
  • Based on the Price/Earnings ratio, NDAQ is valued a bit more expensive than the industry average as 70.71% of the companies are valued more cheaply.
  • NDAQ's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.88.
  • Based on the Price/Forward Earnings ratio of 20.49, the valuation of NDAQ can be described as rather expensive.
  • NDAQ's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. NDAQ is more expensive than 63.18% of the companies in the same industry.
  • NDAQ's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 23.41
Fwd PE 20.49
NDAQ Price Earnings VS Forward Price EarningsNDAQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • NDAQ's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NDAQ is cheaper than 71.97% of the companies in the same industry.
  • 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 RankSector Rank
P/FCF 23.29
EV/EBITDA 18.27
NDAQ Per share dataNDAQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • NDAQ's 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 13.45% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.64
PEG (5Y)2.11
EPS Next 2Y13.41%
EPS Next 3Y13.45%

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5

5. NDAQ Dividend Analysis

5.1 Amount

  • NDAQ has a Yearly Dividend Yield of 1.25%.
  • Compared to an average industry Dividend Yield of 6.73, NDAQ is paying slightly less dividend.
  • NDAQ's Dividend Yield is slightly below the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.25%

5.2 History

  • On average, the dividend of NDAQ grows each year by 10.18%, which is quite nice.
  • NDAQ has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NDAQ has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.18%
Div Incr Years12
Div Non Decr Years12
NDAQ Yearly Dividends per shareNDAQ Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 33.61% of the earnings are spent on dividend by NDAQ. This is a low number and sustainable payout ratio.
  • The dividend of NDAQ is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP33.61%
EPS Next 2Y13.41%
EPS Next 3Y13.45%
NDAQ Yearly Income VS Free CF VS DividendNDAQ Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
NDAQ Dividend Payout.NDAQ Dividend Payout, showing the Payout Ratio.NDAQ Dividend Payout.PayoutRetained Earnings

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NDAQ Fundamentals: All Metrics, Ratios and Statistics

NASDAQ INC

NASDAQ:NDAQ (3/27/2026, 8:00:01 PM)

After market: 81.15 -0.33 (-0.41%)

81.48

-2.3 (-2.75%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners76.11%
Inst Owner Change-0.41%
Ins Owners0.6%
Ins Owner Change0.16%
Market Cap46.32B
Revenue(TTM)8.26B
Net Income(TTM)1.79B
Analysts83.48
Price Target112.91 (38.57%)
Short Float %1.48%
Short Ratio1.38
Dividend
Industry RankSector Rank
Dividend Yield 1.25%
Yearly Dividend1.05
Dividend Growth(5Y)10.18%
DP33.61%
Div Incr Years12
Div Non Decr Years12
Ex-Date03-16
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.42%
Min EPS beat(2)1.81%
Max EPS beat(2)3.02%
EPS beat(4)4
Avg EPS beat(4)1.91%
Min EPS beat(4)0.42%
Max EPS beat(4)3.02%
EPS beat(8)6
Avg EPS beat(8)1.41%
EPS beat(12)9
Avg EPS beat(12)1.73%
EPS beat(16)11
Avg EPS beat(16)1.56%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.53%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.51%
Max Revenue beat(4)0.31%
Revenue beat(8)2
Avg Revenue beat(8)-1.09%
Revenue beat(12)4
Avg Revenue beat(12)4.74%
Revenue beat(16)8
Avg Revenue beat(16)21.31%
PT rev (1m)-0.62%
PT rev (3m)3.53%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)2.36%
EPS NY rev (1m)0.35%
EPS NY rev (3m)2.39%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.6%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)1.27%
Valuation
Industry RankSector Rank
PE 23.41
Fwd PE 20.49
P/S 5.61
P/FCF 23.29
P/OCF 20.54
P/B 3.79
P/tB N/A
EV/EBITDA 18.27
EPS(TTM)3.48
EY4.27%
EPS(NY)3.98
Fwd EY4.88%
FCF(TTM)3.5
FCFY4.29%
OCF(TTM)3.97
OCFY4.87%
SpS14.53
BVpS21.51
TBVpS-15.23
PEG (NY)1.64
PEG (5Y)2.11
Graham Number41.04
Profitability
Industry RankSector Rank
ROA 5.76%
ROE 14.62%
ROCE 10.53%
ROIC 8.44%
ROICexc 8.67%
ROICexgc 123.45%
OM 29.42%
PM (TTM) 21.64%
GM 63.54%
FCFM 24.07%
ROA(3y)4.24%
ROA(5y)4.8%
ROE(3y)11.47%
ROE(5y)14.25%
ROIC(3y)7.14%
ROIC(5y)8.41%
ROICexc(3y)7.35%
ROICexc(5y)8.76%
ROICexgc(3y)118.06%
ROICexgc(5y)122.25%
ROCE(3y)8.99%
ROCE(5y)10.78%
ROICexgc growth 3Y7.04%
ROICexgc growth 5Y2.88%
ROICexc growth 3Y-8.1%
ROICexc growth 5Y-4.1%
OM growth 3Y3.02%
OM growth 5Y4.17%
PM growth 3Y6.2%
PM growth 5Y5.47%
GM growth 3Y3.36%
GM growth 5Y4.25%
F-Score9
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Debt/EBITDA 2.8
Cap/Depr 42.09%
Cap/Sales 3.22%
Interest Coverage 6.87
Cash Conversion 73.62%
Profit Quality 111.24%
Current Ratio 1.01
Quick Ratio 1.01
Altman-Z 2.48
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)41.59%
Cap/Depr(5y)48.46%
Cap/Sales(3y)2.87%
Cap/Sales(5y)2.77%
Profit Quality(3y)137.18%
Profit Quality(5y)125.43%
High Growth Momentum
Growth
EPS 1Y (TTM)23.4%
EPS 3Y9.28%
EPS 5Y11.09%
EPS Q2Q%26.32%
EPS Next Y14.26%
EPS Next 2Y13.41%
EPS Next 3Y13.45%
EPS Next 5Y11.58%
Revenue 1Y (TTM)11.68%
Revenue growth 3Y9.89%
Revenue growth 5Y7.98%
Sales Q2Q%13.45%
Revenue Next Year9%
Revenue Next 2Y8.56%
Revenue Next 3Y8.3%
Revenue Next 5Y6.71%
EBIT growth 1Y24.67%
EBIT growth 3Y13.21%
EBIT growth 5Y12.49%
EBIT Next Year16.1%
EBIT Next 3Y9.39%
EBIT Next 5Y9.21%
FCF growth 1Y14.84%
FCF growth 3Y8.57%
FCF growth 5Y13.33%
OCF growth 1Y16.3%
OCF growth 3Y9.75%
OCF growth 5Y12.49%

NASDAQ INC / NDAQ Fundamental Analysis FAQ

What is the fundamental rating for NDAQ stock?

ChartMill assigns a fundamental rating of 5 / 10 to NDAQ.


Can you provide the valuation status for NASDAQ INC?

ChartMill assigns a valuation rating of 3 / 10 to NASDAQ INC (NDAQ). This can be considered as Overvalued.


Can you provide the profitability details for NASDAQ INC?

NASDAQ INC (NDAQ) has a profitability rating of 7 / 10.


What is the valuation of NASDAQ INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for NASDAQ INC (NDAQ) is 23.41 and the Price/Book (PB) ratio is 3.79.


Can you provide the expected EPS growth for NDAQ stock?

The Earnings per Share (EPS) of NASDAQ INC (NDAQ) is expected to grow by 14.26% in the next year.