Deutsche Boerse (DB1) AI Stock Analysis

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Deutsche Boerse

(XETRA:DB1)

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Rating:74Outperform

Price Target:EUR 358.00▲(9.31% Upside)

Action:reiterated

Date:11/07/26

The score is driven primarily by strong financial performance (durable high margins and robust free cash flow, with improved leverage in 2025). Technicals are supportive due to a strong uptrend, but near-term momentum is stretched (high RSI/Stoch). Valuation is the main constraint, with a relatively high P/E and modest dividend yield.

Positive Factors

Multi-year revenue expansionRevenue growth across 2020–2025 indicates that Deutsche Börse has expanded its financial-market infrastructure franchise over multiple years. A larger platform can deepen participant connectivity, broaden recurring service opportunities, and support durable earnings capacity beyond individual trading cycles.

Negative Factors

Revenue growth slowdownThe sharp deceleration in the latest annual growth rate weakens the near-term expansion profile relative to Deutsche Börse’s earlier performance. If sustained, slower growth could reduce operating leverage benefits and place greater importance on margin retention and new business development.

Deutsche Boerse (DB1) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 57.01B
Dividend Yield: 1.28%
Average Volume (3M): 333.41K
Price to Earnings (P/E): 27.0
Beta (1Y): 0.40
Revenue Growth: 7.14%
EPS Growth: 7.62%
Country: Germany
Employees: 16,475
Sector: General
Sector Strength: 55
Industry: Financial - Data & Stock Exchanges

Deutsche Boerse Business Overview & Revenue Model

Company Description

Deutsche Börse AG operates as a leading exchange organization with a global reach, spanning Europe, the Americas, and the Asia-Pacific region. Its operations are structured across seven key divisions: Eurex, focused on financial derivatives; EEX, ded...

How the Company Makes Money

Deutsche Börse primarily makes money by charging fees for operating financial market infrastructure across the transaction lifecycle, and by selling data, indices and technology services. Key revenue streams typically include: (1) Trading services: f...

Deutsche Boerse Financial Statement Overview

Summary

Strong overall financial quality: multi-year revenue expansion, consistently high operating profitability (~41–44%) and net margins (~27–29%), and robust free cash flow generation (FCF ~€2.76B in 2025). Offsetting factors include the noticeable slowdown in latest revenue growth (~2.6% in 2025 vs. higher prior years) and some year-to-year variability in margins/leverage metrics.

Income Statement

86Very Positive

Balance Sheet

72Positive

Cash Flow

80Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.05B	7.42B	7.02B	6.10B	5.23B	4.36B
Gross Profit	4.79B	5.02B	4.10B	3.61B	4.23B	2.25B
EBITDA	3.90B	3.51B	3.42B	2.94B	2.54B	2.07B
Net Income	2.20B	2.00B	1.95B	1.72B	1.49B	1.21B
Balance Sheet
Total Assets	408.97B	297.18B	222.40B	237.73B	269.11B	222.92B
Cash, Cash Equivalents and Short-Term Investments	284.65B	19.33B	130.41B	140.50B	138.23B	110.97B
Total Debt	8.24B	8.14B	9.58B	8.72B	5.36B	6.32B
Total Liabilities	397.55B	285.56B	210.85B	227.63B	260.05B	215.18B
Stockholders Equity	11.01B	11.31B	10.77B	9.66B	8.47B	7.19B
Cash Flow
Free Cash Flow	0	2.75B	2.05B	2.28B	2.16B	702.50M
Operating Cash Flow	0	2.81B	2.41B	2.55B	2.48B	908.90M
Investing Cash Flow	0	22.00M	-60.00M	-4.00B	-1.41B	-2.17B
Financing Cash Flow	0	-1.89B	-1.35B	2.29B	-951.10M	798.70M

Deutsche Boerse Technical Analysis

Technical Analysis SentimentPositive

Last Price327.50

Price Trends

50DMA297.26Positive

100DMA281.10Positive

200DMA260.55Positive

Market Momentum

MACD7.22Positive

RSI66.16Neutral

STOCH58.55Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DB1, the sentiment is Positive. The current price of 327.50 is above the 20-day moving average (MA) of 315.23, above the 50-day MA of 297.26, and above the 200-day MA of 260.55, indicating a bullish trend. The MACD of 7.22 indicates Positive momentum. The RSI at 66.16 is Neutral, neither overbought nor oversold. The STOCH value of 58.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:DB1.

Deutsche Boerse Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:DB1 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:DB1	74Outperform	EUR 57.01B	26.98	20.39%	1.28%	7.14%	7.62%
DE:HYQ	73Outperform	EUR 632.27M	20.20	7.96%	―	-9.32%	47.66%
DE:GFT	58Neutral	EUR 722.65M	19.61	13.66%	1.78%	3.01%	-3.62%
DE:CBK	56Neutral	EUR 43.42B	13.08	10.03%	2.74%	0.50%	32.22%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:PBB	40Underperform	EUR 419.29M	-7.82	-0.96%	4.81%	-20.56%	76.04%

* General Sector Average

Performance Comparison

DE:DB1 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:DB1	Deutsche Boerse	327.50	122.57	59.81%
DE:CBK	Commerzbank AG (UK)	40.16	6.49	19.27%
DE:PBB	Deutsche Pfandbriefbank	3.01	-1.04	-25.59%
DE:GFT	GFT Technologies	28.05	10.98	64.28%
DE:HYQ	HYPOPORT AG	91.90	-19.50	-17.50%
DE:EUX	EUWAX AG	44.40	0.08	0.18%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 07, 2026

Deutsche Boerse AI Stock Analysis