Deutsche Boerse (DB1) AI Stock Analysis

• Market Cap: €40.24B
• Dividend Yield: 1.81%
• Average Volume (3M): 317.38K
• Price to Earnings (P/E): 20.5
• Beta (1Y): 0.52
• Revenue Growth: 9.07%
• EPS Growth: 10.34%
• Country: DE
• Employees: 14,515
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 2.96
• Shares Outstanding: 188,300,000
• 10 Day Avg. Volume: 496,542
• 30 Day Avg. Volume: 317,385
• PEG Ratio: 1.57
• Price to Book (P/B): 3.80
• Price to Sales (P/S): 5.82
• P/FCF Ratio: 19.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €271.00
• Price Target Upside: 22.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 72 Outperform
• Price Target: €285.00 ▲(28.78% Upside)

Deutsche Boerse's strong financial performance is the primary driver of its score, supported by robust revenue and profit growth. Technical analysis indicates some short-term weakness, while valuation metrics suggest the stock is fairly valued. The absence of recent earnings call data and corporate events means these factors do not influence the score.

Deutsche Boerse Business Overview & Revenue Model

Company Description

Deutsche Börse AG (DB1) is a leading global exchange organization headquartered in Frankfurt, Germany. It operates in various sectors within the financial market, including equity and fixed income trading, derivatives, and clearing services. The company manages several key platforms, such as the Frankfurt Stock Exchange, Xetra, and Eurex, which facilitate trading in securities, commodities, and other financial instruments. Additionally, Deutsche Börse provides post-trade services, market data services, and technology solutions, enhancing its role in the financial ecosystem.

How the Company Makes Money

Deutsche Börse generates revenue through multiple streams, primarily from transaction fees, listing fees, and services provided to market participants. Key revenue streams include trading fees collected from transactions executed on its platforms, clearing fees from its clearing services, and data fees from selling market data and analytics. The company also earns income from technology services offered to other exchanges and financial institutions. Significant partnerships with financial institutions and the expansion of its digital services, including the integration of blockchain technology, contribute to its earnings by attracting more clients and enhancing service offerings.

Deutsche Boerse Financial Statement Overview

Summary

Deutsche Boerse exhibits strong financial performance with significant revenue and profit growth, efficient operational margins, and robust cash flow generation. The balance sheet is stable, though increased leverage may pose risks.

Income Statement

Deutsche Boerse has demonstrated strong revenue growth with a notable increase from €3.3 billion in 2019 to €7.0 billion in 2024. Gross profit margin has remained robust, averaging around 58% over the years. The net profit margin improved from 30% in 2019 to 28% in 2024, reflecting efficient cost management. The EBIT and EBITDA margins are also strong, consistently above 40%, indicating operational efficiency and profitability. Overall, the income statement shows a positive growth trajectory and strong profitability metrics.

Balance Sheet

The balance sheet of Deutsche Boerse reflects a stable financial position with a consistent increase in stockholders' equity from €5.7 billion in 2019 to €10.5 billion in 2024. However, the debt-to-equity ratio has increased due to rising total debt, indicating higher leverage. The equity ratio has improved moderately, suggesting a growing asset base supported by equity. Return on equity has decreased slightly, indicating potential pressure on shareholder returns. While the company maintains a solid asset base, the increasing leverage poses a potential risk.

Cash Flow

Deutsche Boerse's cash flow statement highlights strong operating cash flows, with a notable increase in free cash flow from €741 million in 2019 to €2.05 billion in 2024. The free cash flow growth rate is positive, indicating efficient cash generation beyond operational needs. The operating cash flow to net income ratio remains healthy, reflecting strong cash conversion. The free cash flow to net income ratio is also favorable, suggesting solid cash profitability. Nevertheless, fluctuations in investing and financing cash flows imply strategic capital allocation and debt management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.23B	7.02B	6.10B	5.23B	4.36B	3.72B
Gross Profit	4.35B	4.10B	3.61B	4.23B	3.43B	2.10B
EBITDA	3.46B	3.38B	2.98B	2.55B	1.97B	1.89B
Net Income	1.99B	1.95B	1.72B	1.49B	1.21B	1.08B
Balance Sheet
Total Assets	294.27B	222.40B	237.73B	269.11B	222.92B	152.77B
Cash, Cash Equivalents and Short-Term Investments	216.52B	130.41B	140.50B	138.23B	110.97B	90.94B
Total Debt	0.00	9.58B	8.72B	5.36B	6.32B	4.80B
Total Liabilities	283.25B	210.85B	227.63B	260.05B	215.18B	146.21B
Stockholders Equity	10.56B	10.77B	9.66B	8.47B	7.19B	6.17B
Cash Flow
Free Cash Flow	0.00	2.05B	2.28B	2.16B	702.50M	1.22B
Operating Cash Flow	0.00	2.41B	2.55B	2.48B	908.90M	1.41B
Investing Cash Flow	0.00	-60.00M	-4.00B	-1.41B	-2.17B	-787.70M
Financing Cash Flow	0.00	-1.35B	2.29B	-951.10M	798.70M	-254.20M

Deutsche Boerse Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 221.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DB1, the sentiment is Negative. The current price of 221.3 is below the 20-day moving average (MA) of 240.62, below the 50-day MA of 250.67, and below the 200-day MA of 254.98, indicating a bearish trend. The MACD of -7.99 indicates Positive momentum. The RSI at 14.87 is Positive, neither overbought nor oversold. The STOCH value of 2.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:DB1.

Deutsche Boerse Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FTK	73 Outperform	3.06B	23.02	―	0.14%	16.56%	17.76%
DB1	72 Outperform	€40.24B	20.46	19.61%	1.81%	9.07%	10.34%
BWB	71 Outperform	291.12M	5.98	12.46%	2.17%	15.69%	268.17%
SB1	49 Neutral	198.86M	-42.78	-2.82%	―	21.89%	29.26%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%