(DB1) Deutsche Börse - Overview
Sector: Financial Services | Industry: Financial Data & Stock Exchanges | Exchange: XETRA (Germany) | Market Cap: 46.277m EUR | Total Return: -4.4% in 12m
Exchanges, Clearing, Data, Software, Funds
Total Rating 54
Safety 76
Buy Signal 0.06
Financial Data & Stock Exchanges
Industry Rotation: -23.9
Industry Rotation: -23.9
Market Cap:
54.3B
Avg Turnover: 127M EUR
Avg Turnover: 127M EUR
ATR:
2.35%
Peers RS (IBD): 73.5
Peers RS (IBD): 73.5
Risk 5d forecast
Volatility19.4%
Rel. Tail Risk1.73%
Reward TTM
Sharpe Ratio-0.17
Alpha-2.63
Character TTM
Beta0.010
Beta Downside0.145
Drawdowns 3y
Max DD29.61%
CAGR/Max DD0.56
EPS (Earnings per Share)
EPS CAGR: 2.99%
EPS Trend: 72.1%
EPS Trend: 72.1%
Last SUE: -0.10
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 12.42%
Rev. Trend: 53.5%
Rev. Trend: 53.5%
Last SUE: 2.20
Qual. Beats: 1
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Supp Ema20
Description: DB1 Deutsche Börse
Deutsche Börse AG is an international exchange organization operating across multiple geographies. Its business model focuses on providing infrastructure and services for financial markets.
The company operates through four segments: Investment Management Solutions, Trading & Clearing, Fund Services, and Securities Services. This diversified structure is common among major exchange groups, which often integrate various market functions.
Investment Management Solutions include index licensing (e.g., STOXX, DAX) and data services. Trading & Clearing encompasses cash markets (Xetra, Börse Frankfurt) and derivatives (Eurex). Fund Services provides fund processing and data management, a growing area in asset management. Securities Services covers issuance, settlement, and asset servicing, core functions for capital markets.
Deutsche Börse also offers specialized software and IT solutions for financial and commodities markets. This technological focus is critical for modern exchanges. To understand the competitive landscape and financial health of such an intricate business, further research on platforms like ValueRay can be beneficial.
- Trading and Clearing volumes directly impact revenue
- Interest rate changes influence clearing and settlement profitability
- Regulatory scrutiny of exchange fees poses revenue risk
- Competition from alternative trading venues impacts market share
- Global economic conditions affect investment management demand
Piotroski VR‑10 (Strict)
4.5
| Net Income: 2.00b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.41 > 1.0 |
| NWC/Revenue: 3.65k% < 20% (prev 39.82%; Δ 3.61k% < -1%) |
| CFO/TA 0.01 > 3% & CFO 4.14b > Net Income 2.00b |
| Net Debt (6.35b) to EBITDA (3.51b): 1.81 < 3 |
| Current Ratio: 71.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (182.1m) vs 12m ago -0.91% < -2% |
| Gross Margin: 67.71% > 18% (prev 0.64%; Δ 6.71k% > 0.5%) |
| Asset Turnover: 2.86% > 50% (prev 3.94%; Δ -1.08% > 0%) |
| Interest Coverage Ratio: 15.46 > 6 (EBITDA TTM 3.51b / Interest Expense TTM 194.7m) |
Altman Z''
6.21
| A: 0.91 (Total Current Assets 274.58b - Total Current Liabilities 3.83b) / Total Assets 297.16b |
| B: 0.03 (Retained Earnings 10.21b / Total Assets 297.16b) |
| C: 0.01 (EBIT TTM 3.01b / Avg Total Assets 259.63b) |
| D: 0.04 (Book Value of Equity 10.39b / Total Liabilities 285.33b) |
| Altman-Z'' Score: 6.21 = AAA |
Beneish M
-3.34
| DSRI: 1.00 (Receivables 16.82b/19.88b, Revenue 7.42b/8.75b) |
| GMI: 0.95 (GM 67.71% / 64.06%) |
| AQI: 0.76 (AQ_t 0.07 / AQ_t-1 0.10) |
| SGI: 0.85 (Revenue 7.42b / 8.75b) |
| TATA: -0.01 (NI 2.00b - CFO 4.14b) / TA 297.16b) |
| Beneish M-Score: -3.34 (Cap -4..+1) = AA |
What is the price of DB1 shares?
As of April 13, 2026, the stock is trading at EUR 252.50 with a total of 450,456 shares traded.
Over the past week, the price has changed by -1.56%, over one month by +4.77%, over three months by +17.99% and over the past year by -4.43%.
Over the past week, the price has changed by -1.56%, over one month by +4.77%, over three months by +17.99% and over the past year by -4.43%.
Is DB1 a buy, sell or hold?
Deutsche Börse has no consensus analysts rating.
What are the forecasts/targets for the DB1 price?
| Analysts Target Price | - | - |
Deutsche Börse (DB1) - Fundamental Data Overview
as of 13 April 2026
Market Cap USD = 54.26b (46.28b EUR * 1.1725 EUR.USD)P/E Trailing = 23.2505
P/E Forward = 21.8818
P/S = 6.2705
P/B = 4.0649
P/EG = 3.9038
Revenue TTM = 7.42b EUR
EBIT TTM = 3.01b EUR
EBITDA TTM = 3.51b EUR
Long Term Debt = 5.09b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.60b EUR (from shortTermDebt, last quarter)
Debt = 8.14b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.35b EUR (from netDebt column, last quarter)
Enterprise Value = 52.63b EUR (46.28b + Debt 8.14b - CCE 1.78b)
Interest Coverage Ratio = 15.46 (Ebit TTM 3.01b / Interest Expense TTM 194.7m)
EV/FCF = 19.10x (Enterprise Value 52.63b / FCF TTM 2.75b)
FCF Yield = 5.23% (FCF TTM 2.75b / Enterprise Value 52.63b)
FCF Margin = 37.15% (FCF TTM 2.75b / Revenue TTM 7.42b)
Net Margin = 26.90% (Net Income TTM 2.00b / Revenue TTM 7.42b)
Gross Margin = 67.71% ((Revenue TTM 7.42b - Cost of Revenue TTM 2.39b) / Revenue TTM)
Gross Margin QoQ = 55.01% (prev none%)
Tobins Q-Ratio = 0.18 (Enterprise Value 52.63b / Total Assets 297.16b)
Interest Expense / Debt = 0.02% (Interest Expense 2.00m / Debt 8.14b)
Taxrate = 26.81% (189.0m / 705.0m)
NOPAT = 2.20b (EBIT 3.01b * (1 - 26.81%))
Current Ratio = 71.71 (Total Current Assets 274.58b / Total Current Liabilities 3.83b)
Debt / Equity = 0.72 (Debt 8.14b / totalStockholderEquity, last quarter 11.31b)
Debt / EBITDA = 1.81 (Net Debt 6.35b / EBITDA 3.51b)
Debt / FCF = 2.31 (Net Debt 6.35b / FCF TTM 2.75b)
Total Stockholder Equity = 10.95b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.77% (Net Income 2.00b / Total Assets 297.16b)
RoE = 18.22% (Net Income TTM 2.00b / Total Stockholder Equity 10.95b)
RoCE = 18.78% (EBIT 3.01b / Capital Employed (Equity 10.95b + L.T.Debt 5.09b))
RoIC = 16.27% (NOPAT 2.20b / Invested Capital 13.55b)
WACC = 5.12% (E(46.28b)/V(54.41b) * Re(6.02%) + D(8.14b)/V(54.41b) * Rd(0.02%) * (1-Tc(0.27)))
Discount Rate = 6.02% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -100.0 | Cagr: -0.84%
[DCF] Terminal Value 86.32% ; FCFF base≈2.11b ; Y1≈2.11b ; Y5≈2.23b
[DCF] Fair Price = 328.4 (EV 66.17b - Net Debt 6.35b = Equity 59.81b / Shares 182.1m; r=6.0% [WACC]; 5y FCF grow -0.83% → 3.0% )
EPS Correlation: 72.10 | EPS CAGR: 2.99% | SUE: -0.10 | # QB: 0
Revenue Correlation: 53.54 | Revenue CAGR: 12.42% | SUE: 2.20 | # QB: 1
EPS next Quarter (2026-06-30): EPS=2.93 | Chg7d=+0.051 | Chg30d=+2.930 | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=11.97 | Chg7d=+0.046 | Chg30d=+0.154 | Revisions Net=+1 | Growth EPS=+9.8% | Growth Revenue=+5.7%
EPS next Year (2027-12-31): EPS=12.73 | Chg7d=+0.027 | Chg30d=+0.025 | Revisions Net=+2 | Growth EPS=+6.4% | Growth Revenue=+4.3%
[Analyst] Revisions Ratio: +0.33 (2 Up / 1 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 3.6% (Discount Rate 7.9% - Earnings Yield 4.3%)
[Growth] Growth Spread = +0.9% (Analyst 4.6% - Implied 3.6%)