(ENX) Euronext - Overview
Sector: Financial Services | Industry: Financial Data & Stock Exchanges | Exchange: PA (France) | Market Cap: 13.853m EUR | Total Return: 5.7% in 12m
Avg Trading Vol: 32.1M EUR
Peers RS (IBD): 83.3
EPS Trend: 69.6%
Qual. Beats: 0
Rev. Trend: 80.2%
Qual. Beats: 0
Euronext N.V. operates securities and derivatives exchanges across multiple countries, including the Netherlands, France, and Italy. The companys business model centers on facilitating financial transactions and providing market infrastructure. This includes services like security listings, cash and derivatives trading, and the dissemination of market data. Financial exchanges are critical components of global capital markets, enabling price discovery and liquidity.
Euronext offers diverse marketplaces, such as multilateral trading facilities, for various financial instruments. These include cash equities, fixed income securities, and exchange-traded products. The company also provides options contracts on blue-chip equities and commodity derivatives, such as milling wheat futures. Post-trade services, including clearing, custody, and settlement, are also part of its offerings, which are essential for ensuring the integrity and efficiency of financial transactions.
Furthermore, Euronext distributes real-time and historical market data to financial institutions and individual investors. It also provides technology solutions, colocation services, and regulatory reporting services. This broad service portfolio highlights the comprehensive nature of its operations within the financial exchanges and data sector. For a deeper understanding of its valuation metrics, consider exploring ValueRay.
- Trading volumes impact transaction fee revenue
- Listing activity drives recurring fee income
- Market data sales contribute to stable revenue
- Post-trade services generate significant earnings
- Regulatory changes influence operational costs
| Net Income: 643.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.12 > 1.0 |
| NWC/Revenue: 92.75% < 20% (prev 56.49%; Δ 36.26% < -1%) |
| CFO/TA 0.00 > 3% & CFO 815.9m > Net Income 643.0m |
| Net Debt (1.87b) to EBITDA (1.17b): 1.60 < 3 |
| Current Ratio: 5.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (103.1m) vs 12m ago -0.92% < -2% |
| Gross Margin: 84.89% > 18% (prev 0.57%; Δ 8.43k% > 0.5%) |
| Asset Turnover: 0.68% > 50% (prev 0.78%; Δ -0.10% > 0%) |
| Interest Coverage Ratio: 70.36 > 6 (EBITDA TTM 1.17b / Interest Expense TTM 13.8m) |
| A: 0.01 (Total Current Assets 2.11b - Total Current Liabilities 421.2m) / Total Assets 327.63b |
| B: error (Retained Earnings missing) |
| C: 0.00 (EBIT TTM 972.1m / Avg Total Assets 268.51b) |
| D: 0.01 (Book Value of Equity 4.54b / Total Liabilities 322.90b) |
| DSRI: 0.92 (Receivables 426.7m/412.9m, Revenue 1.82b/1.63b) |
| GMI: 0.67 (GM 84.89% / 56.78%) |
| AQI: 32.05 (AQ_t 0.99 / AQ_t-1 0.03) |
| SGI: 1.12 (Revenue 1.82b / 1.63b) |
| TATA: -0.00 (NI 643.0m - CFO 815.9m) / TA 327.63b) |
| Beneish M-Score: 15.11 (Cap -4..+1) = D |
Over the past week, the price has changed by +2.52%, over one month by -1.14%, over three months by +8.20% and over the past year by +5.68%.
| ISSUER | TARGET | UP/DOWN |
|---|---|---|
| Wallstreet Target Price | 147.9 | 6.8% |
| Analysts Target Price | - | - |
P/E Trailing = 21.2064
P/E Forward = 17.2117
P/S = 7.6161
P/B = 3.0353
P/EG = 2.3926
Revenue TTM = 1.82b EUR
EBIT TTM = 972.1m EUR
EBITDA TTM = 1.17b EUR
Long Term Debt = 2.91b EUR (from longTermDebt, last quarter)
Short Term Debt = 421.2m EUR (from shortTermDebt, last quarter)
Debt = 3.47b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.87b EUR (from netDebt column, last quarter)
Enterprise Value = 15.73b EUR (13.85b + Debt 3.47b - CCE 1.59b)
Interest Coverage Ratio = 70.36 (Ebit TTM 972.1m / Interest Expense TTM 13.8m)
EV/FCF = 22.12x (Enterprise Value 15.73b / FCF TTM 711.1m)
FCF Yield = 4.52% (FCF TTM 711.1m / Enterprise Value 15.73b)
FCF Margin = 39.10% (FCF TTM 711.1m / Revenue TTM 1.82b)
Net Margin = 35.36% (Net Income TTM 643.0m / Revenue TTM 1.82b)
Gross Margin = 84.89% ((Revenue TTM 1.82b - Cost of Revenue TTM 274.8m) / Revenue TTM)
Gross Margin QoQ = 88.12% (prev 88.75%)
Tobins Q-Ratio = 0.05 (Enterprise Value 15.73b / Total Assets 327.63b)
Interest Expense / Debt = 0.12% (Interest Expense 4.30m / Debt 3.47b)
Taxrate = 26.63% (56.8m / 213.3m)
NOPAT = 713.3m (EBIT 972.1m * (1 - 26.63%))
Current Ratio = 5.00 (Total Current Assets 2.11b / Total Current Liabilities 421.2m)
Debt / Equity = 0.76 (Debt 3.47b / totalStockholderEquity, last quarter 4.54b)
Debt / EBITDA = 1.60 (Net Debt 1.87b / EBITDA 1.17b)
Debt / FCF = 2.64 (Net Debt 1.87b / FCF TTM 711.1m)
Total Stockholder Equity = 4.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.24% (Net Income 643.0m / Total Assets 327.63b)
RoE = 14.94% (Net Income TTM 643.0m / Total Stockholder Equity 4.30b)
RoCE = 13.47% (EBIT 972.1m / Capital Employed (Equity 4.30b + L.T.Debt 2.91b))
RoIC = 9.64% (NOPAT 713.3m / Invested Capital 7.40b)
WACC = 5.08% (E(13.85b)/V(17.32b) * Re(6.33%) + D(3.47b)/V(17.32b) * Rd(0.12%) * (1-Tc(0.27)))
Discount Rate = 6.33% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -100.0 | Cagr: -1.57%
[DCF] Terminal Value 87.40% ; FCFF base≈712.6m ; Y1≈798.8m ; Y5≈1.06b
[DCF] Fair Price = 288.9 (EV 31.26b - Net Debt 1.87b = Equity 29.39b / Shares 101.7m; r=6.0% [WACC]; 5y FCF grow 14.01% → 3.0% )
EPS Correlation: 69.57 | EPS CAGR: 3.47% | SUE: -0.20 | # QB: 0
Revenue Correlation: 80.16 | Revenue CAGR: 3.93% | SUE: 0.51 | # QB: 0
EPS next Quarter (2026-06-30): EPS=2.05 | Chg7d=-0.006 | Chg30d=-0.133 | Revisions Net=+0 | Analysts=3
EPS current Year (2026-12-31): EPS=7.94 | Chg7d=-0.013 | Chg30d=+0.092 | Revisions Net=+2 | Growth EPS=+10.2% | Growth Revenue=+10.0%
EPS next Year (2027-12-31): EPS=8.54 | Chg7d=+0.015 | Chg30d=+0.111 | Revisions Net=+3 | Growth EPS=+7.6% | Growth Revenue=+4.9%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.2% (Discount Rate 7.9% - Earnings Yield 4.7%)
[Growth] Growth Spread = +4.8% (Analyst 8.0% - Implied 3.2%)