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Euronext NV
(ENX)
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Rating:78Outperform
Price Target:
€181.00
▲(9.50% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial performance (high margins, improving leverage, and strong free cash flow) and supportive technical trend (price above key moving averages). Valuation is somewhat demanding at a 22.754 P/E, with the ~2.01% dividend yield providing partial support.
Positive Factors
High and resilient profitability
Sustained high gross, operating and net margins indicate a scalable market-infrastructure model with strong operating economics. This profitability provides capacity to fund technology, support resilience through varied activity levels and convert growth into shareholder returns.
Negative Factors
Material absolute debt load
Although leverage is improving, the sizeable debt balance remains a structural obligation. It can constrain capital allocation and increase sensitivity to refinancing conditions, while Euronext’s large balance sheet and asset base may amplify financial risk during prolonged market stress.
Read all positive and negative factors
Positive Factors
Negative Factors
High and resilient profitability
Sustained high gross, operating and net margins indicate a scalable market-infrastructure model with strong operating economics. This profitability provides capacity to fund technology, support resilience through varied activity levels and convert growth into shareholder returns.
Read all positive factors
Euronext NV (ENX) vs. iShares MSCI France ETF (EWQ)
Market Cap
€16.09B
Dividend Yield1.97%
Average Volume (3M)152.78K
Price to Earnings (P/E)23.1
Beta (1Y)0.23
Revenue Growth14.33%
EPS Growth9.33%
CountryFR
Employees3,081
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Data & Stock Exchanges
Share Statistics
EPS (TTM)6.97
Shares Outstanding101,721,940
10 Day Avg. Volume125,127
30 Day Avg. Volume152,776
Financial Highlights & Ratios
PEG Ratio1.65
Price to Book (P/B)2.86
Price to Sales (P/S)7.13
P/FCF Ratio19.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€167.00Price Target Upside1.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)8.38
Revenue Forecast (FY)€2.08B
Euronext NV Business Overview & Revenue Model
Company Description
Euronext N.V. is a prominent operator of securities and derivatives exchanges across Continental Europe, Ireland, and Norway. The company offers a comprehensive suite of market and corporate services, encompassing everything from security listings...
How the Company Makes Money
Euronext generates revenue primarily from fees tied to operating trading venues and related market infrastructure services. Key revenue streams typically include: (1) Trading and clearing-related revenue: transaction and connectivity fees charged ...
Euronext NV Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
72
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.96B | 1.82B | 1.62B | 1.47B | 1.41B | 1.29B |
| Gross Profit | 1.76B | 1.62B | 1.26B | 1.10B | 1.04B | 958.49M |
| EBITDA | 1.27B | 1.16B | 1.06B | 904.96M | 811.76M | 756.32M |
| Net Income | 705.50M | 642.90M | 585.57M | 513.57M | 437.83M | 413.34M |
Balance Sheet | ||||||
| Total Assets | 415.02B | 327.63B | 209.39B | 189.51B | 175.14B | 145.91B |
| Cash, Cash Equivalents and Short-Term Investments | 1.38B | 1.66B | 1.74B | 176.46B | 168.01B | 961.95M |
| Total Debt | 3.03B | 3.40B | 3.12B | 3.11B | 3.09B | 3.13B |
| Total Liabilities | 410.22B | 322.90B | 204.99B | 185.42B | 171.10B | 142.14B |
| Stockholders Equity | 4.61B | 4.54B | 4.25B | 3.95B | 3.91B | 3.65B |
Cash Flow | ||||||
| Free Cash Flow | 1.03B | 682.27M | 621.36M | 723.04M | 516.97M | 476.12M |
| Operating Cash Flow | 1.18B | 812.08M | 708.60M | 826.07M | 616.49M | 543.71M |
| Investing Cash Flow | -92.74M | -387.71M | -37.07M | 157.91M | -122.58M | -4.22B |
| Financing Cash Flow | -710.98M | -495.08M | -441.67M | -522.21M | -282.37M | 3.84B |
Euronext NV Technical Analysis
Positive
165.30
Price Trends
153.34
Positive
147.59
Positive
136.84
Positive
Market Momentum
3.07
Positive
59.79
Neutral
71.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ENX, the sentiment is Positive. The current price of 165.3 is above the 20-day moving average (MA) of 161.71, above the 50-day MA of 153.34, and above the 200-day MA of 136.84, indicating a bullish trend. The MACD of 3.07 indicates Positive momentum. The RSI at 59.79 is Neutral, neither overbought nor oversold. The STOCH value of 71.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ENX.
Euronext NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | €16.09B | 23.13 | 15.52% | 2.13% | 14.33% | 9.33% | |
77 Outperform | €3.47B | 11.26 | 14.45% | 3.42% | 1.62% | 12.95% | |
75 Outperform | €19.42B | 11.32 | 13.13% | 4.85% | 1.21% | -18.98% | |
70 Outperform | €18.18B | 13.08 | 11.82% | 3.78% | 6.23% | -11.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €775.07M | -0.09 | -28.58% | ― | -18.15% | 77.92% | |
42 Neutral | €552.60M | -0.46 | 117.34% | ― | -14.39% | -173.10% |
* General Sector Average
FR:ENX
Euronext NV
161.20
26.33
19.53%
FR:AMUN
Amundi SA
93.75
35.04
59.68%
FR:ATO
Atos SE
27.76
-12.27
-30.65%
FR:CAP
Capgemini SE
106.60
-7.82
-6.83%
FR:SOP
Sopra Steria
175.20
26.54
17.85%
FR:WLN
Worldline
13.35
-15.59
-53.87%
Euronext NV Corporate Events
Euronext reports July 2026 trading volumes across expanded European network
Aug 6, 2026
Euronext, the pan-European exchange operator, has published its trading volumes for July 2026 across its markets in Amsterdam, Athens, Brussels, Dublin, Lisbon, Milan, Oslo and Paris, providing investors and issuers with updated activity metrics. ...
Euronext Posts Record Q2 2026 Results as Diversified Model Powers Double-Digit Growth
Jul 30, 2026
Euronext reported record second-quarter 2026 results, with underlying revenue and income rising 16.9% to €544.4 million and adjusted EBITDA up 21.1% to €360 million, marking a ninth straight quarter of double-digit growth. Non-volume-r...
Euronext Cancels Shares After €250 Million Buyback to Tighten Capital Base
Jul 23, 2026
Euronext has cancelled 1,967,993 ordinary shares after completing its €250 million share repurchase programme in January 2026, executing a shareholder-approved plan to reduce its capital base. Following the cancellation, the company’s ...
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.