(DB1) Deutsche Börse - Ratings and Ratios
Indices, Trading Venues, Clearing, Settlement, Fund Processing
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.79% |
| Yield on Cost 5y | 3.17% |
| Yield CAGR 5y | 6.99% |
| Payout Consistency | 92.2% |
| Payout Ratio | 36.4% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 17.7% |
| Value at Risk 5%th | 29.5% |
| Relative Tail Risk | 1.50% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.01 |
| Alpha | -2.50 |
| CAGR/Max DD | 0.44 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.407 |
| Beta | -0.013 |
| Beta Downside | 0.017 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.51% |
| Mean DD | 6.11% |
| Median DD | 3.38% |
Description: DB1 Deutsche Börse December 03, 2025
Deutsche Börse AG (ticker DB1) is a Frankfurt-based, multinational exchange group active across Europe, the United States and the Asia-Pacific, operating four core segments: Investment Management Solutions, Trading & Clearing, Fund Services, and Securities Services.
Its Investment Management Solutions business supplies index licensing (e.g., STOXX, DAX), custom-index creation, research, and analytics platforms, while also offering pre-IPO and listing services that support companies through market-structure design, growth financing and public-market transition.
The Trading & Clearing segment runs the cash-equity venues Xetra, Börse Frankfurt and Tradegate, and provides derivatives clearing via Eurex and European commodity clearing, together delivering real-time market data, spot, FX and derivative products.
Fund Services encompass securities issuance, settlement, asset-service operations, Clearstream Fund Centre processing, and Kneip’s fund-data management and reporting tools for asset managers.
Securities Services extend to third-party clearing through Nodal Clear, SaaS platforms for trading participants, API connectivity, and broader IT solutions under the Deutsche Börse and 7 Market Technology brands.
Key recent metrics: FY 2023 net revenue of €5.5 billion, EBIT margin of roughly 45 %, and a ~30 % share of European derivatives clearing volume, reflecting strong cash-flow generation and market-share positioning.
Sector drivers include the EU’s MiFID II regulatory framework, accelerating demand for low-latency data feeds, and the ongoing shift toward digital, API-first trading infrastructure across asset classes.
For a deeper quantitative assessment, you may find the ValueRay platform’s proprietary metrics on DB1’s valuation and cash-flow outlook worth exploring.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income (2.01b TTM) > 0 and > 6% of Revenue (6% = 438.4m TTM) |
| FCFTA 0.01 (>2.0%) and ΔFCFTA 0.10pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 47.71% (prev 39.75%; Δ 7.96pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.02 (>3.0%) and CFO 3.74b > Net Income 2.01b (YES >=105%, WARN >=100%) |
| Net Debt (7.18b) to EBITDA (2.66b) ratio: 2.70 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.02 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (182.6m) change vs 12m ago -0.58% (target <= -2.0% for YES) |
| Gross Margin 60.10% (prev 68.70%; Δ -8.60pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 2.79% (prev 3.35%; Δ -0.55pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 25.11 (EBITDA TTM 2.66b / Interest Expense TTM 91.5m) >= 6 (WARN >= 3) |
Altman Z'' 0.34
| (A) 0.02 = (Total Current Assets 199.78b - Total Current Liabilities 196.29b) / Total Assets 222.40b |
| (B) 0.04 = Retained Earnings (Balance) 8.94b / Total Assets 222.40b |
| (C) 0.01 = EBIT TTM 2.30b / Avg Total Assets 261.86b |
| (D) 0.05 = Book Value of Equity 9.69b / Total Liabilities 210.85b |
| Total Rating: 0.34 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 77.53
| 1. Piotroski 3.50pt |
| 2. FCF Yield 4.19% |
| 3. FCF Margin 28.06% |
| 4. Debt/Equity 0.89 |
| 5. Debt/Ebitda 2.70 |
| 6. ROIC - WACC (= 7.37)% |
| 7. RoE 18.93% |
| 8. Rev. Trend 59.61% |
| 9. EPS Trend 76.97% |
What is the price of DB1 shares?
Over the past week, the price has changed by +0.86%, over one month by -2.91%, over three months by -1.10% and over the past year by +2.08%.
Is DB1 a buy, sell or hold?
What are the forecasts/targets for the DB1 price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 261.4 | 16.8% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 250.5 | 11.9% |
DB1 Fundamental Data Overview December 29, 2025
Market Cap EUR = 41.26b (41.26b EUR * 1.0 EUR.EUR)
P/E Trailing = 20.4649
P/E Forward = 19.2678
P/S = 5.65
P/B = 3.8095
P/EG = 3.3539
Beta = 0.398
Revenue TTM = 7.31b EUR
EBIT TTM = 2.30b EUR
EBITDA TTM = 2.66b EUR
Long Term Debt = 6.25b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 2.83b EUR (from shortTermDebt, last fiscal year)
Debt = 9.58b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 7.18b EUR (from netDebt column, last fiscal year)
Enterprise Value = 48.97b EUR (41.26b + Debt 9.58b - CCE 1.87b)
Interest Coverage Ratio = 25.11 (Ebit TTM 2.30b / Interest Expense TTM 91.5m)
FCF Yield = 4.19% (FCF TTM 2.05b / Enterprise Value 48.97b)
FCF Margin = 28.06% (FCF TTM 2.05b / Revenue TTM 7.31b)
Net Margin = 27.56% (Net Income TTM 2.01b / Revenue TTM 7.31b)
Gross Margin = 60.10% ((Revenue TTM 7.31b - Cost of Revenue TTM 2.92b) / Revenue TTM)
Gross Margin QoQ = 80.81% (prev 45.18%)
Tobins Q-Ratio = 0.22 (Enterprise Value 48.97b / Total Assets 222.40b)
Interest Expense / Debt = 0.05% (Interest Expense 5.00m / Debt 9.58b)
Taxrate = 26.40% (179.0m / 678.0m)
NOPAT = 1.69b (EBIT 2.30b * (1 - 26.40%))
Current Ratio = 1.02 (Total Current Assets 199.78b / Total Current Liabilities 196.29b)
Debt / Equity = 0.89 (Debt 9.58b / totalStockholderEquity, last fiscal year 10.77b)
Debt / EBITDA = 2.70 (Net Debt 7.18b / EBITDA 2.66b)
Debt / FCF = 3.50 (Net Debt 7.18b / FCF TTM 2.05b)
Total Stockholder Equity = 10.64b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.91% (Net Income 2.01b / Total Assets 222.40b)
RoE = 18.93% (Net Income TTM 2.01b / Total Stockholder Equity 10.64b)
RoCE = 13.60% (EBIT 2.30b / Capital Employed (Equity 10.64b + L.T.Debt 6.25b))
RoIC = 12.22% (NOPAT 1.69b / Invested Capital 13.83b)
WACC = 4.85% (E(41.26b)/V(50.84b) * Re(5.97%) + D(9.58b)/V(50.84b) * Rd(0.05%) * (1-Tc(0.26)))
Discount Rate = 5.97% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -0.69%
[DCF Debug] Terminal Value 78.26% ; FCFE base≈2.22b ; Y1≈2.21b ; Y5≈2.34b
Fair Price DCF = 225.9 (DCF Value 41.40b / Shares Outstanding 183.3m; 5y FCF grow -0.83% → 3.0% )
EPS Correlation: 76.97 | EPS CAGR: 12.96% | SUE: 0.87 | # QB: 1
Revenue Correlation: 59.61 | Revenue CAGR: 11.88% | SUE: 0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.91 | Chg30d=+0.006 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=11.70 | Chg30d=+0.244 | Revisions Net=+1 | Growth EPS=+6.4% | Growth Revenue=+4.8%