0.02%
6.45%
11.33%
21.59%
42.45%
37.76%
111.99%

Company Description

Nasdaq, Inc.operates as a technology company that serves capital markets and other industries worldwide.The Market Technology segment includes anti financial crime technology business, which offers Nasdaq Trade Surveillance, a SaaS solution for brokers and other market participants to assist them in complying with market rules, regulations, and internal market surveillance policies; Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool; and Verafin, a SaaS technology provider of anti-financial crime management solutions.


This segment also handles assets, such as cash equities, equity derivatives, currencies, interest-bearing securities, commodities, energy products, and digital currencies.The Investment Intelligence segment sells and distributes historical and real-time market data; develops and licenses Nasdaq-branded indexes and financial products; and provides investment insights and workflow solutions.The Corporate Platforms segment operates listing platforms; and offers investor relations intelligence and governance solutions.


As of December 31, 2021, it had 4,178 companies listed securities on The Nasdaq Stock Market, including 1,632 listings on The Nasdaq Global Select Market; 1,169 on The Nasdaq Global Market; and 1,377 on The Nasdaq Capital Market.The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses.This segment operates various exchanges and other marketplace facilities across various asset classes, which include derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services.


The company was formerly known as The NASDAQ OMX Group, Inc.and changed its name to Nasdaq, Inc.in September 2015.


Nasdaq, Inc.was founded in 1971 and is headquartered in New York, New York.

Market Data

Last Price 82.3
Change Percentage 0.02%
Open 82.5
Previous Close 82.28
Market Cap ( Millions) 47300
Volume 100396
Year High 83.77
Year Low 54.9
M A 50 79.51
M A 200 69.95

Financial Ratios

FCF Yield 3.09%
Dividend Yield 1.14%
ROE 10.16%
Debt / Equity 88.18%
Net Debt / EBIDTA 387.14%
Price To Book 4.23
Price Earnings Ratio 42.37
Price To FCF 32.35
Price To sales 6.39
EV / EBITDA 23.68

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Market Services

Expected Growth : 10.47 %

What the company do ?

Nasdaq's Market Services provide real-time market data, indices, and analytics to help investors, traders, and financial institutions make informed decisions.

Why we expect these perspectives ?

Nasdaq's Market Services segment growth of 10.47% is driven by increasing demand for trading and clearing services, expansion of its exchange traded products (ETPs) offerings, and growth in its market data and index licensing business. Additionally, the segment benefits from the acquisition of eVestment, a leading provider of cloud-based investment analytics, and the continued shift towards electronic trading.

Segment nΒ°2 -> Capital Access Platforms

Expected Growth : 9.9 %

What the company do ?

Capital Access Platforms from Nasdaq, Inc. is a suite of solutions that enables private companies to manage their capital structure and access funding opportunities.

Why we expect these perspectives ?

Nasdaq's Capital Access Platforms' 9.9% growth is driven by increasing demand for private company listings, expansion into new markets, and strategic partnerships. The platform's ability to provide access to capital for private companies, coupled with Nasdaq's reputation and expertise, has attracted a growing number of clients seeking to raise capital and gain visibility.

Segment nΒ°3 -> Financial Technology

Expected Growth : 10.42 %

What the company do ?

Financial Technology from Nasdaq, Inc. refers to the use of technology to improve and automate financial services, such as mobile payments, digital wallets, and online lending platforms.

Why we expect these perspectives ?

Nasdaq's Financial Technology segment growth of 10.42% is driven by increasing demand for cloud-based trading and risk management solutions, expansion of its anti-financial crime offerings, and growth in its marketplace for private company securities. Additionally, the segment benefits from the rising adoption of digital payments and the need for real-time data analytics in the financial industry.

Segment nΒ°4 -> Corporate Items

Expected Growth : 9.27 %

What the company do ?

Corporate Actions from Nasdaq, Inc. provide detailed information on company events, such as dividends, mergers, and acquisitions, affecting publicly traded companies.

Why we expect these perspectives ?

Nasdaq, Inc.'s 9.27% growth in Corporate Items is driven by increasing demand for listing services, growth in exchange data products, and expansion of its index business. Additionally, the company's strategic acquisitions, such as the purchase of eVestment, have contributed to its revenue growth.

Nasdaq, Inc. Products

Product Range What is it ?
Market Data Real-time and historical market data feeds, including trade data, quote data, and index data
Index Services Calculation and dissemination of financial indexes, including the Nasdaq-100 Index and the OMX Stockholm 30 Index
Listing Services Listing and trading services for companies seeking to go public or list on a major exchange
Market Technology Trading, clearing, and settlement systems for exchanges, clearinghouses, and central securities depositories
Corporate Solutions Governance, risk, and compliance solutions for public and private companies
Investor Relations Tools and services to help companies communicate with investors, manage investor relationships, and track shareholder activity

Nasdaq, Inc.'s Porter Forces

Nasdaq, Inc. operates in a highly specialized industry, and there are limited substitutes for its services. The company's strong brand recognition and established relationships with customers also reduce the threat of substitutes.

Nasdaq, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. However, the company's largest customers, such as institutional investors and large corporations, may have some bargaining power due to their significant trading volumes.

Nasdaq, Inc. has a diverse supplier base, and the company is not heavily dependent on any single supplier. The company's suppliers are primarily technology and infrastructure providers, and there are many alternative suppliers available.

The threat of new entrants is high in the exchange industry, as new companies can enter the market with innovative technologies and business models. However, Nasdaq, Inc. has a strong brand and established relationships with customers, which can make it difficult for new entrants to gain traction.

The exchange industry is highly competitive, with several established players competing for market share. Nasdaq, Inc. faces intense competition from other exchanges, such as the New York Stock Exchange and the London Stock Exchange, as well as from new entrants and alternative trading systems.

Capital Structure

Value
Debt Weight 49.15%
Debt Cost 3.95%
Equity Weight 50.85%
Equity Cost 8.65%
WACC 6.34%
Leverage 96.65%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
MSCI MSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, …
CME CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest …
BK The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. The company operates through Securities Services, Market and Wealth …
ICE Intercontinental Exchange, Inc., together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, …
SPGI S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
82.29$
Current Price
82.3$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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