ENX Stock Analysis: Euronext | PA
Financial Data & Stock Exchanges | PA, France | Market Cap: 14.851m EUR | 12M Return: 14.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 22.8M
EPS Trend: 98.4%
Qual. Beats: 2
Rev. Trend: 99.7%
Qual. Beats: 2
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Euronext N.V. operates a pan-European network of securities and derivatives exchanges across the Netherlands, France, Italy, Belgium, Portugal, Ireland, and other markets including the U.S., Norway, and Denmark. Its business spans the full exchange value chain: listings, cash equities and derivatives trading, fixed income, FX and power trading, clearing, custody and settlement, and market data distribution to vendors, financial institutions, and retail investors. The company also runs multilateral trading facilities (MTFs) for equities, fixed income, and exchange-traded products, and sells technology, colocation, and software solutions to other exchanges and venue operators. Founded in 2000 and headquartered in Amsterdam, Euronext rebranded from Euronext Group N.V. in May 2014.
As a major operator in the GICS Financial Exchanges & Data sub-industry, Euronext generates revenue through a mix of recurring and transaction-based streams, including trading fees, listing fees, clearing and settlement charges, and data subscriptions-a structure typical of exchange groups where market data and post-trade services often contribute high-margin, recurring income that complements more cyclical trading volumes.
- Equity derivatives volumes drive revenue on persistent volatility
- Market data subscriptions expand as enterprise demand grows
- Borsa Italiana integration delivers cost synergies and margin uplift
| Net Income: 705.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 0.06 > 1.0 |
| NWC/Revenue: 75.49% < 20% (prev 2.69%; Δ 72.79% < -1%) |
| CFO/TA 0.00 > 3% & CFO 1.18b > Net Income 705.5m |
| Net Debt (1.73b) to EBITDA (1.27b): 1.37 < 3 |
| Current Ratio: 4.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (103.8m) vs 12m ago 1.63% < -2% |
| Gross Margin: 89.46% > 18% (prev 80.40%; Δ 9.06% > 0.5%) |
| Asset Turnover: 0.51% > 50% (prev 0.49%; Δ 0.02% > 0%) |
| Interest Coverage Ratio: 42.10 > 6 (EBIT TTM 1.06b / Interest Expense TTM 25.2m) |
| A: 0.00 (Total Current Assets 1.91b - Total Current Liabilities 431.5m) / Total Assets 415b |
| B: 0.01 (Retained Earnings 2.19b / Total Assets 415b) |
| C: 0.00 (EBIT TTM 1.06b / Avg Total Assets 386b) |
| D: 0.01 (Book Value of Equity 4.61b / Total Liabilities 410b) |
| Altman-Z'' = 0.07 = B |
| DSRI: 0.10 (Receivables 532.0m/8.99b, Revenue 1.96b/1.74b) |
| GMI: 0.90 (GM 80.40% / 89.46%) |
| AQI: 50.69 (AQ_t 0.99 / AQ_t-1 0.02) |
| SGI: 1.13 (Revenue 1.96b / 1.74b) |
| TATA: -0.00 (NI 705.5m - CFO 1.18b) / TA 415b) |
| Beneish M = 25.70 (Cap -4..+1) = D |
As of August 01, 2026, the stock is trading at EUR 158.60 with a total of 462,829 shares traded. Over the past week, the price has changed by +6.44%, over one month by +13.29%, over three months by +13.40% and over the past year by +14.44%.
Current recommended Stop Loss: 154.90 (which is 2.3% or 1.4 ATR below the current price).
Euronext has no consensus analysts rating.
P/E Trailing = 22.9173
P/E Forward = 20.0401
P/S = 8.0162
P/B = 3.187
P/EG = 4.7974
Revenue TTM = 1.96b EUR
EBIT TTM = 1.06b EUR
EBITDA TTM = 1.27b EUR
Long Term Debt = 2.91b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 33.4m EUR (from shortTermDebt, last quarter)
Debt = 3.12b EUR (from shortLongTermDebtTotal, last quarter) + Leases 85.6m
Net Debt = 1.73b EUR (calculated: Debt 3.12b - CCE 1.38b)
Enterprise Value = 16.6b EUR (14.9b + Debt 3.12b - CCE 1.38b)
Interest Coverage Ratio = 42.10 (Ebit TTM 1.06b / Interest Expense TTM 25.2m)
EV/FCF = 16.09x (Enterprise Value 16.6b / FCF TTM 1.03b)
FCF Yield = 6.22% (FCF TTM 1.03b / Enterprise Value 16.6b)
FCF Margin = 52.47% (FCF TTM 1.03b / Revenue TTM 1.96b)
Net Margin = 35.91% (Net Income TTM 705.5m / Revenue TTM 1.96b)
Gross Margin = 89.46% ((Revenue TTM 1.96b - Cost of Revenue TTM 207.0m) / Revenue TTM)
Gross Margin QoQ = 90.19% (prev 90.47%)
Tobins Q-Ratio = 0.04 (Enterprise Value 16.6b / Total Assets 415b)
Interest Expense / Debt = 0.81% (Interest Expense 25.2m / Debt 3.12b)
Taxrate = 26.52% (274.6m / 1.04b)
NOPAT = 779.6m (EBIT 1.06b * (1 - 26.52%))
Current Ratio = 4.44 (Total Current Assets 1.91b / Total Current Liabilities 431.5m)
Debt / Equity = 0.68 (Debt 3.12b / totalStockholderEquity, last quarter 4.61b)
Debt / EBITDA = 1.37 (Net Debt 1.73b / EBITDA 1.27b)
Debt / FCF = 1.68 (Net Debt 1.73b / FCF TTM 1.03b)
Total Stockholder Equity = 4.54b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.18% (Net Income 705.5m / Total Assets 415b)
RoE = 15.52% (Net Income TTM 705.5m / Total Stockholder Equity 4.54b)
RoCE = 14.22% (EBIT 1.06b / Capital Employed (Equity 4.54b + L.T.Debt 2.91b))
RoIC = 0.19% (NOPAT 779.6m / Invested Capital 415b)
WACC = 4.99% (E(14.9b)/V(18.0b) * Re(5.91%) + D(3.12b)/V(18.0b) * Rd(0.81%) * (1-Tc(0.27)))
Discount Rate = 5.91% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -27.57 | Cagr: -0.10%
[DCF] Terminal Value 77.97% ; FCFF base≈888.0m ; Y1≈1.02b ; Y5≈1.50b
[DCF] Fair Price = 208.7 (EV 22.5b - Net Debt 1.73b = Equity 20.8b / Shares 99.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 98.40 | EPS CAGR: 15.58% | SUE: 2.76 | # QB: 2
Revenue Correlation: 99.74 | Revenue CAGR: 11.75% | SUE: 2.92 | # QB: 2
EPS current Quarter (2026-09-30): EPS=1.89 | Chg30d=+1.27% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=8.03 | Chg30d=+0.89% | Revisions=+67% | GrowthEPS=+11.5% | GrowthRev=+12.1%
EPS next Year (2027-12-31): EPS=8.78 | Chg30d=+0.72% | Revisions=+67% | GrowthEPS=+9.4% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: +81% (up=13, down=0)