-0.50%
7.02%
12.07%
26.45%
29.63%
52.35%
62.87%
AI Spotlight on DB1
Company Description
Deutsche Börse AG operates as an exchange organization in Europe, the United States, and the Asia-Pacific.The company operates through seven segments: Eurex (Financial Derivatives), EEX (Commodities), 360T (Foreign Exchange), Xetra (Cash Equities), Clearstream (Post-Trading), IFS (Investment Fund Services), and Qontigo (index and analytics business).The company engages in the electronic trading of derivatives, electricity and gas products, emission rights, and foreign exchange; operating of Eurex Repo over the counter (OTC) trading platform and electronic clearing architecture; and operating as a central counterparty for on-and-off exchange derivatives, repo transactions, and OTC and exchange-traded derivatives.
It also operates in the cash market through Xetra, Börse Frankfurt, and Tradegate trading venues; operates as a central counterparty for equities and bonds; and provides listing services.In addition, the company offers custody and settlement services for securities; investment fund services; global securities financing services; and collateral management, as well as secured money, market transaction, and repos and securities lending transaction services.Further, it develops and markets indices, as well as portfolio management and risk analysis software; markets licenses for trading and market signals; provides technology and reporting solutions for external customers; and offers link-up of trading participants.
Deutsche Börse AG was founded in 1585 and is headquartered in Eschborn, Germany.
Market Data
| Last Price | 239.5 |
| Change Percentage | -0.50% |
| Open | 240.5 |
| Previous Close | 240.7 |
| Market Cap ( Millions) | 43927 |
| Volume | 81740 |
| Year High | 240.8 |
| Year Low | 175.9 |
| M A 50 | 224.56 |
| M A 200 | 203.72 |
Financial Ratios
| FCF Yield | 5.63% |
| Dividend Yield | 1.59% |
| ROE | 27.97% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | 0.00% |
| Price To Book | 4.37 |
| Price Earnings Ratio | 16.02 |
| Price To FCF | 17.77 |
| Price To sales | 4.36 |
| EV / EBITDA | 13.53 |
News
- Nov -25 - All You Need to Know About Deutsche Boerse (DBOEY) Rating Upgrade to Strong Buy
- Nov -11 - Ex-Deutsche Boerse Staffer Confesses in Insider Trading Case
- Oct -24 - Deutsche Boerse AG (DBOEF) Q3 2024 Earnings Call Highlights: Record Growth in Custody and ...
- Sep -24 - Deutsche Boerse and Nasdaq Raided in EU Cartel Probe
- Sep -19 - Commerzbank to Offer Bitcoin, Ether Trading Through Crypto Finance
- Jul -27 - Deutsche Börse Second Quarter 2024 Earnings: EPS Beats Expectations
- Jul -17 - With 52% ownership, Deutsche Börse AG (ETR:DB1) boasts of strong institutional backing
- Jun -19 - Deutsche Boerse’s EEX Faces EU Probe of Nasdaq Unit Takeover
- May -14 - Deutsche Boerse AG's Dividend Analysis
- May -10 - Stocks to watch this week: Burberry, Vodafone, BT and Walmart
- Apr -26 - Stocks to watch this week: Amazon, Apple, Anglo American and Novo Nordisk
- Apr -26 - Deutsche Börse First Quarter 2024 Earnings: EPS Beats Expectations
- Apr -25 - Deutsche Börse's (ETR:DB1) Dividend Will Be Increased To €3.80
- Apr -15 - Deutsche Boerse (DBOEY) Upgraded to Buy: What Does It Mean for the Stock?
- Mar -05 - First Mover Americas: Bitcoin Price Eyes Record This Week
- Mar -05 - Deutsche Boerse Starts Crypto Trading Platform for Institutional Clients
- Mar -05 - Deutsche Börse Launches Regulated Crypto Spot Trading Platform DBDX
- Mar -05 - Deutsche Boerse launches regulated spot platform for crypto assets
- Feb -28 - UPDATE 1-EU deal on euro clearing 'light' on banks but a first step, EU official says
- Feb -13 - German Crypto Firm Owned by Deutsche Börse Receives Crypto Licenses Ahead of Exchange Launch
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Trading and Clearing
Expected Growth : 1.2 %
What the company do ?
Deutsche Börse AG's Trading and Clearing segment provides exchange trading and clearing services for various financial instruments, including equities, derivatives, and commodities.
Why we expect these perspectives ?
Deutsche Börse AG's Trading and Clearing segment growth of 1.2% is driven by increased trading volumes in cash markets, growth in derivatives trading, and higher clearing fees. Additionally, the segment benefits from the ongoing shift towards electronic trading, increased market volatility, and the expansion of its clearing services to new markets.
Segment n°2 -> Securities Services
Expected Growth : 0.8 %
What the company do ?
Deutsche Börse's Securities Services provides post-trade services, including clearing, settlement, and custody for securities, enabling efficient and secure transaction processing.
Why we expect these perspectives ?
Deutsche Börse AG's Securities Services segment growth of 0.8% is driven by increasing demand for custody and settlement services, growth in European ETF market, and expansion of its Eurex clearing business. Additionally, the segment benefits from the acquisition of Institutional Shareholder Services (ISS) and the growth of its fund services business.
Segment n°3 -> Data and Analytics
Expected Growth : 1.5 %
What the company do ?
Deutsche Börse AG's Data and Analytics provides financial market data, analytics, and insights to support investment decisions, risk management, and regulatory compliance.
Why we expect these perspectives ?
Deutsche Börse AG's 1.5% growth in Data and Analytics is driven by increasing demand for market data, growing adoption of cloud-based solutions, and expansion of its index business. Additionally, the company's strategic investments in artificial intelligence and machine learning capabilities, as well as its partnerships with fintech companies, contribute to its growth momentum.
Segment n°4 -> Fund Services
Expected Growth : 0.9 %
What the company do ?
Fund Services from Deutsche Börse AG provides a range of services for investment funds, including fund registration, valuation, and distribution support.
Why we expect these perspectives ?
Deutsche Börse AG's Fund Services segment growth of 0.9% is driven by increasing demand for regulatory compliance and risk management solutions, coupled with the rise of passive investing and ETFs. Additionally, the segment benefits from the growth of the European fund industry, driven by pension reform and increasing institutional investment in funds.
Deutsche Börse Ag Products
| Product Range | What is it ? |
|---|---|
| Xetra | Xetra is a fully electronic trading system that provides a platform for trading in shares, exchange-traded funds (ETFs), and exchange-traded commodities (ETCs). |
| Eurex | Eurex is a leading international derivatives exchange that offers a wide range of derivatives products, including futures and options on indices, commodities, and interest rates. |
| Eurex Clearing | Eurex Clearing is a central counterparty (CCP) that provides clearing services for derivatives and securities transactions. |
| Frankfurt Stock Exchange | The Frankfurt Stock Exchange is one of the largest stock exchanges in Europe, providing a platform for trading in shares, bonds, and other securities. |
| STOXX | STOXX is a leading provider of indices and index-based products, including the EURO STOXX 50 and STOXX Europe 600. |
| Deutsche Börse Market Data + Services | Deutsche Börse Market Data + Services provides real-time and historical market data, as well as analytics and other services, to financial institutions and investors. |
Deutsche Börse AG's Porter Forces
Threat Of Substitutes
The threat of substitutes for Deutsche Börse AG is medium, as there are alternative platforms for trading and investment, but the company's strong brand and established customer base mitigate this threat.
Bargaining Power Of Customers
The bargaining power of customers is low, as Deutsche Börse AG is a dominant player in the German stock exchange market, and customers have limited alternatives.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium, as Deutsche Börse AG relies on a few key suppliers for its operations, but the company's size and market position give it some negotiating power.
Threat Of New Entrants
The threat of new entrants is low, as entering the stock exchange market requires significant capital and regulatory approvals, making it difficult for new competitors to enter the market.
Intensity Of Rivalry
The intensity of rivalry is high, as Deutsche Börse AG operates in a highly competitive market with several established players, and the company must continually innovate and improve its services to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 47.31% |
| Debt Cost | 3.95% |
| Equity Weight | 52.69% |
| Equity Cost | 6.76% |
| WACC | 5.43% |
| Leverage | 89.79% |
Deutsche Börse AG : Quality Control
Deutsche Börse AG passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| EBS.VI | Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and public sector customers in Austria, Central and Eastern Europe, and internationally. … |
| ACA.PA | Crédit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through Asset Gathering; Large Customers; Specialised Financial Services; French Retail Banking - LCL; and … |
| SREN.SW | Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through Property & Casualty Reinsurance, … |
| LSEG.L | London Stock Exchange Group plc engages in the market infrastructure business primarily in the United Kingdom, the United States, other European countries, Asia, and internationally. The company operates through three … |
| BBVA.MC | Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Swiss Re
A-Score
1-Year Total Return ->
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BBVA
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1-Year Total Return ->
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Deutsche Börse
A-Score
1-Year Total Return ->
4
Crédit Agricole
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1-Year Total Return ->
5
Erste Bank
A-Score
1-Year Total Return ->
6
