ENX Stock Analysis: Euronext | PA
Financial Data & Stock Exchanges | PA, France | Market Cap: 15.659m EUR | 12M Return: 27.4% | NL0006294274 | Charts, Fundamentals & Technical Analysis
Equity Trading, Derivatives Trading, Market Data, Listings
Total Rating 52
Safety 16
Buy Signal -0.01
Market Cap:
17.8B
Avg Turnover: 25.5M
Avg Turnover: 25.5M
Risk 3d forecast
Volatility18.1%
VaR 5th Pctl3.18%
VaR vs Median6.96%
Reward TTM
Sharpe Ratio1.15
Rel. Str. IBD78.2
Rel. Str. Peer Group85.3
Character TTM
Beta0.056
Beta Downside-0.455
Hurst Exponent0.539
Drawdowns 3y
Max DD25.70%
CAGR/Max DD1.47
CAGR/Mean DD7.69
EPS (Earnings per Share)
EPS CAGR: 15.58%
EPS Trend: 98.4%
EPS Trend: 98.4%
Last SUE: 3.55
Qual. Beats: 2
Qual. Beats: 2
Revenue
Rev. CAGR: 11.75%
Rev. Trend: 99.7%
Rev. Trend: 99.7%
Last SUE: 2.92
Qual. Beats: 2
Qual. Beats: 2
Warnings
Fakeout
Below Avwap Earnings
Tailwinds
Idiosyncratic Leader
Confidence
Seasonality 11.7 years of data
Jan
+2.6%
19
Feb
-1.4%
16
Mar
+0.0%
5
Apr
+3.5%
30
May
+4.9%
39
Jun
-0.7%
8
Jul
+2.8%
40
Aug
-1.1%
30
Sep
-0.6%
38
Oct
-3.9%
41
Nov
-0.7%
0
Dec
-0.3%
2
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.
Description: ENX Euronext
>Euronext N.V. is a pan-European exchange operator headquartered in Amsterdam, running regulated securities and derivatives markets across the Netherlands, France, Italy, Belgium, Portugal, Ireland, Norway, and Denmark, with additional international operations. Its vertically integrated platform spans the full trade lifecycle: primary listings, cash equities and fixed income trading, derivatives on blue-chip equities and commodities (such as milling wheat futures), and post-trade services including clearing, custody, and settlement. Beyond core exchange activity, Euronext generates revenue from real-time, historic, and reference data distribution to vendors, financial institutions, and retail investors, and sells technology, colocation, network, and software solutions to other exchanges and market participants. Founded in 2000 and previously known as Euronext Group N.V., the company operates a model in which transaction-based trading fees are supplemented by recurring income from data services and technology licensing, which are typically higher-margin and less sensitive to trading volumes.
Headlines to Watch Out For
- Derivatives and cash equities revenue tracks European trading volumes
- Market data segment drives recurring high-margin revenue growth
- Acquisitions like Borsa Italiana diversify revenue across asset classes
Piotroski VR-10 (Strict)
4.5
| Net Income: 705.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.05 > 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 (1.75b) to EBITDA (1.27b): 1.38 < 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) |
Altman Z''
0.07
| A: 0.00 (Total Current Assets 1.91b - Total Current Liabilities 431.5m) / Total Assets 415b |
| B: 0.01 (Retained Earnings 2.26b / 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 |
Beneish M
1.00
| DSRI: 0.10 (Receivables 459.3m/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 |
What is the price of ENX shares?
As of October 01, 2026, the stock is trading at EUR 158.90 with a total of 210,263 shares traded. Over the past week, the price has changed by -0.94%, over one month by -2.58%, over three months by +13.50% and over the past year by +27.44%.
Current recommended Stop Loss: 155.40 (which is 2.2% or 1.4 ATR below the current price).
Is ENX a buy, sell or hold?
Euronext has no consensus analysts rating.
Euronext (ENX) - Fundamental Data Overview
as of 24 September 2026
Market Cap USD = 17.8b (15.7b EUR * 1.13406 EUR.USD)P/E Trailing = 23.343
P/E Forward = 19.1939
P/S = 8.38
P/B = 3.4248
P/EG = 4.5905
Revenue TTM = 1.96b EUR
EBIT TTM = 1.06b EUR
EBITDA TTM = 1.27b EUR
Long Term Debt = 2.92b EUR (from longTermDebt, last quarter)
Short Term Debt = 33.4m EUR (from shortTermDebt, last quarter)
Debt = 3.13b EUR (from shortLongTermDebtTotal, last quarter) + Leases 101.7m
Net Debt = 1.75b EUR (calculated: Debt 3.13b - CCE 1.38b)
Enterprise Value = 17.4b EUR (15.7b + Debt 3.13b - CCE 1.38b)
Interest Coverage Ratio = 42.10 (Ebit TTM 1.06b / Interest Expense TTM 25.2m)
EV/FCF = 18.60x (Enterprise Value 17.4b / FCF TTM 935.8m)
FCF Yield = 5.38% (FCF TTM 935.8m / Enterprise Value 17.4b)
FCF Margin = 47.63% (FCF TTM 935.8m / 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 17.4b / Total Assets 415b)
Interest Expense / Debt = 0.80% (Interest Expense 25.2m / Debt 3.13b)
Taxrate = 26.52% (274.6m / 1.04b)
NOPAT = 779.6m (EBIT 1.06b * (1 - 26.52%))
Current Ratio = 1.69 (Total Current Assets 1.91b / Total Current Liabilities 1.13b)
Debt / Equity = 0.68 (Debt 3.13b / totalStockholderEquity, last quarter 4.61b)
Debt / EBITDA = 1.38 (Net Debt 1.75b / EBITDA 1.27b)
Debt / FCF = 1.87 (Net Debt 1.75b / FCF TTM 935.8m)
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 2.92b))
RoIC = 0.19% (NOPAT 779.6m / Invested Capital 415b)
WACC = 5.25% (E(15.7b)/V(18.8b) * Re(6.18%) + D(3.13b)/V(18.8b) * Rd(0.80%) * (1-Tc(0.27)))
Discount Rate = 6.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -27.57 | Cagr: -0.10%
[DCF] Terminal Value 74.65% ; FCFF base≈957.8m ; Y1≈917.0m ; Y5≈883.0m
[DCF] Fair Price = 121.6 (EV 13.9b - Net Debt 1.75b = Equity 12.1b / Shares 99.7m; r=8.35% [WACC [floored]]; 5y FCF grow -5.56% → 2.50% )
EPS Correlation: 98.40 | EPS CAGR: 15.58% | SUE: 3.55 | # QB: 2
Revenue Correlation: 99.74 | Revenue CAGR: 11.75% | SUE: 2.92 | # QB: 2
EPS current Quarter (2026-09-30): EPS=2.01 | Chg30d=-0.07% | Revisions=+40% | Analysts=4
EPS current Year (2026-12-31): EPS=8.45 | Chg30d=+0.71% | Revisions=+55% | GrowthEPS=+17.3% | GrowthRev=+13.8%
EPS next Year (2027-12-31): EPS=9.14 | Chg30d=+2.53% | Revisions=+75% | GrowthEPS=+8.2% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: +77% (up=18, down=1)