NASDAQ INC (NDAQ) Fundamental Analysis & Valuation

NASDAQ:NDAQ • US6311031081

Current stock price

86.71 USD
+0.56 (+0.65%)
At close:
86.58 USD
-0.13 (-0.15%)
Pre-Market:

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.
  • 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.
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

  • NDAQ has a better Return On Assets (5.76%) than 73.75% of its industry peers.
  • The Return On Equity of NDAQ (14.62%) is better than 73.33% of its industry peers.
  • NDAQ has a Return On Invested Capital of 8.44%. This is amongst the best in the industry. NDAQ outperforms 81.67% 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 7.19%.
  • 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

  • With a Profit Margin value of 21.64%, NDAQ perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NDAQ has grown nicely.
  • Looking at the Operating Margin, with a value of 29.42%, NDAQ is in line with its industry, outperforming 55.42% of the companies in the same industry.
  • NDAQ's Operating Margin has improved in the last couple of years.
  • NDAQ has a better Gross Margin (63.54%) than 70.83% of its industry peers.
  • NDAQ's Gross Margin has improved in the last couple of years.
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

  • NDAQ has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NDAQ has more shares outstanding
  • NDAQ has a better debt/assets ratio than last year.
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 2.53 indicates that NDAQ is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.53, NDAQ is in the better half of the industry, outperforming 72.92% of the companies in the same industry.
  • The Debt to FCF ratio of NDAQ is 4.53, which is a neutral value as it means it would take NDAQ, 4.53 years of fcf income to pay off all of its debts.
  • NDAQ has a Debt to FCF ratio of 4.53. This is in the better half of the industry: NDAQ outperforms 70.42% of its industry peers.
  • A Debt/Equity ratio of 0.70 indicates that NDAQ is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.70, NDAQ is doing good in the industry, outperforming 62.92% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.7
Debt/FCF 4.53
Altman-Z 2.53
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

  • A Current Ratio of 1.01 indicates that NDAQ should not have too much problems paying its short term obligations.
  • With a Current ratio value of 1.01, NDAQ perfoms like the industry average, outperforming 43.75% of the companies in the same industry.
  • A Quick Ratio of 1.01 indicates that NDAQ should not have too much problems paying its short term obligations.
  • NDAQ has a Quick ratio (1.01) which is comparable to the rest of the industry.
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.
  • 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 quite strong growth in Revenue. The Revenue has grown by 11.68% in the last year.
  • 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

  • NDAQ is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.58% yearly.
  • Based on estimates for the next years, NDAQ will show a small growth in Revenue. The Revenue will grow by 6.71% on average per year.
EPS Next Y14.5%
EPS Next 2Y13.35%
EPS Next 3Y13.64%
EPS Next 5Y11.58%
Revenue Next Year9%
Revenue Next 2Y8.56%
Revenue Next 3Y8.3%
Revenue Next 5Y6.71%

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 stable.
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

  • The Price/Earnings ratio is 24.92, which indicates a rather expensive current valuation of NDAQ.
  • 69.58% of the companies in the same industry are cheaper than NDAQ, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.33. NDAQ is around the same levels.
  • A Price/Forward Earnings ratio of 21.76 indicates a rather expensive valuation of NDAQ.
  • Based on the Price/Forward Earnings ratio, NDAQ is valued a bit more expensive than the industry average as 63.75% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of NDAQ to the average of the S&P500 Index (38.16), we can say NDAQ is valued slightly cheaper.
Industry RankSector Rank
PE 24.92
Fwd PE 21.76
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 72.50% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as NDAQ.
Industry RankSector Rank
P/FCF 24.78
EV/EBITDA 18.82
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 13.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.72
PEG (5Y)2.25
EPS Next 2Y13.35%
EPS Next 3Y13.64%

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5

5. NDAQ Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.28%, NDAQ has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 6.64, NDAQ is paying slightly less dividend.
  • NDAQ's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.28%

5.2 History

  • The dividend of NDAQ is nicely growing with an annual growth rate of 10.18%!
  • NDAQ has been paying a dividend for at least 10 years, so it has 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)10.18%
Div Incr Years13
Div Non Decr Years13
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

  • NDAQ pays out 33.61% of its income as dividend. This is a 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 2Y13.35%
EPS Next 3Y13.64%
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 (4/14/2026, 8:00:02 PM)

Premarket: 86.58 -0.13 (-0.15%)

86.71

+0.56 (+0.65%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-29
Earnings (Next)04-23
Inst Owners76.18%
Inst Owner Change0.05%
Ins Owners0.59%
Ins Owner Change0.22%
Market Cap49.29B
Revenue(TTM)8.26B
Net Income(TTM)1.79B
Analysts83.48
Price Target112.83 (30.12%)
Short Float %1.63%
Short Ratio1.58
Dividend
Industry RankSector Rank
Dividend Yield 1.28%
Yearly Dividend1.05
Dividend Growth(5Y)10.18%
DP33.61%
Div Incr Years13
Div Non Decr Years13
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)-0.07%
PT rev (3m)3.45%
EPS NQ rev (1m)0.15%
EPS NQ rev (3m)1.58%
EPS NY rev (1m)0.21%
EPS NY rev (3m)2.17%
Revenue NQ rev (1m)0.07%
Revenue NQ rev (3m)1.6%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)1.11%
Valuation
Industry RankSector Rank
PE 24.92
Fwd PE 21.76
P/S 5.97
P/FCF 24.78
P/OCF 21.86
P/B 4.03
P/tB N/A
EV/EBITDA 18.82
EPS(TTM)3.48
EY4.01%
EPS(NY)3.98
Fwd EY4.6%
FCF(TTM)3.5
FCFY4.04%
OCF(TTM)3.97
OCFY4.58%
SpS14.53
BVpS21.51
TBVpS-15.23
PEG (NY)1.72
PEG (5Y)2.25
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 2.53
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 Y14.5%
EPS Next 2Y13.35%
EPS Next 3Y13.64%
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 Year16.2%
EBIT Next 3Y9.55%
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.


How profitable is NASDAQ INC (NDAQ) stock?

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


Can you provide the PE and PB ratios for NDAQ stock?

The Price/Earnings (PE) ratio for NASDAQ INC (NDAQ) is 24.92 and the Price/Book (PB) ratio is 4.03.


What is the expected EPS growth for NASDAQ INC (NDAQ) stock?

The Earnings per Share (EPS) of NASDAQ INC (NDAQ) is expected to grow by 14.5% in the next year.