(DB1) Deutsche Börse - Overview
Sector: Financial ServicesIndustry: Financial Data & Stock Exchanges | Exchange XETRA (Germany) | Currency EUR | Market Cap: 50.514m | Total Return -10.9% in 12m
Stock: Exchanges, Clearing, Data, Software, Funds
Total Rating 38
Risk 55
Buy Signal -0.78
| Risk 5d forecast | |
|---|---|
| Volatility | 19.9% |
| Relative Tail Risk | 2.55% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.53 |
| Alpha | -15.18 |
| Character TTM | |
|---|---|
| Beta | 0.019 |
| Beta Downside | 0.112 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.61% |
| CAGR/Max DD | 0.42 |
EPS (Earnings per Share)
Revenue
Description: DB1 Deutsche Börse March 04, 2026
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.
Headlines to watch out for
- 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, 0-10) 3.5
| Net Income: 1.99b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.02 > 1.0 |
| NWC/Revenue: 37.74% < 20% (prev 45.77%; Δ -8.03% < -1%) |
| CFO/TA 0.01 > 3% & CFO 3.74b > Net Income 1.99b |
| Net Debt (7.58b) to EBITDA (1.83b): 4.15 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (183.8m) vs 12m ago 0.04% < -2% |
| Gross Margin: 66.26% > 18% (prev 0.64%; Δ 6.56k% > 0.5%) |
| Asset Turnover: 2.29% > 50% (prev 2.90%; Δ -0.61% > 0%) |
| Interest Coverage Ratio: 18.58 > 6 (EBITDA TTM 1.83b / Interest Expense TTM 84.9m) |
Altman Z'' 0.22
| A: 0.01 (Total Current Assets 317.90b - Total Current Liabilities 315.11b) / Total Assets 343.07b |
| B: 0.03 (Retained Earnings 10.21b / Total Assets 343.07b) |
| C: 0.00 (EBIT TTM 1.58b / Avg Total Assets 322.20b) |
| D: 0.03 (Book Value of Equity 10.65b / Total Liabilities 332.31b) |
| Altman-Z'' Score: 0.22 = B |
Beneish M -4.00
| DSRI: 0.08 (Receivables 1.38b/19.88b, Revenue 7.39b/8.75b) |
| GMI: 0.97 (GM 66.26% / 64.06%) |
| AQI: 0.86 (AQ_t 0.07 / AQ_t-1 0.08) |
| SGI: 0.84 (Revenue 7.39b / 8.75b) |
| TATA: -0.01 (NI 1.99b - CFO 3.74b) / TA 343.07b) |
| Beneish M-Score: -4.01 (Cap -4..+1) = AAA |
What is the price of DB1 shares?
As of March 30, 2026, the stock is trading at EUR 238.90 with a total of 371,432 shares traded.
Over the past week, the price has changed by -0.58%, over one month by +2.80%, over three months by +6.56% and over the past year by -10.94%.
Over the past week, the price has changed by -0.58%, over one month by +2.80%, over three months by +6.56% and over the past year by -10.94%.
Is DB1 a buy, sell or hold?
Deutsche Börse has no consensus analysts rating.
What are the forecasts/targets for the DB1 price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 271.3 | 13.6% |
| Analysts Target Price | - | - |
DB1 Fundamental Data Overview March 28, 2026
Market Cap USD = 50.51b (43.78b EUR * 1.1537 EUR.USD)
P/E Trailing = 21.9779
P/E Forward = 21.0526
P/S = 5.9328
P/B = 3.7696
P/EG = 3.7616
Revenue TTM = 7.39b EUR
EBIT TTM = 1.58b EUR
EBITDA TTM = 1.83b EUR
Long Term Debt = 6.15b EUR (from longTermDebt, last quarter)
Short Term Debt = 27.44b EUR (from shortTermDebt, last quarter)
Debt = 9.36b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 7.58b EUR (from netDebt column, last fiscal year)
Enterprise Value = 33.82b EUR (43.78b + Debt 9.36b - CCE 19.33b)
Interest Coverage Ratio = 18.58 (Ebit TTM 1.58b / Interest Expense TTM 84.9m)
EV/FCF = 12.28x (Enterprise Value 33.82b / FCF TTM 2.75b)
FCF Yield = 8.15% (FCF TTM 2.75b / Enterprise Value 33.82b)
FCF Margin = 37.27% (FCF TTM 2.75b / Revenue TTM 7.39b)
Net Margin = 26.98% (Net Income TTM 1.99b / Revenue TTM 7.39b)
Gross Margin = 66.26% ((Revenue TTM 7.39b - Cost of Revenue TTM 2.49b) / Revenue TTM)
Gross Margin QoQ = 81.01% (prev 80.81%)
Tobins Q-Ratio = 0.10 (Enterprise Value 33.82b / Total Assets 343.07b)
Interest Expense / Debt = 0.02% (Interest Expense 2.00m / Debt 9.36b)
Taxrate = 26.81% (189.0m / 705.0m)
NOPAT = 1.15b (EBIT 1.58b * (1 - 26.81%))
Current Ratio = 1.01 (Total Current Assets 317.90b / Total Current Liabilities 315.11b)
Debt / Equity = 0.87 (Debt 9.36b / totalStockholderEquity, last quarter 10.77b)
Debt / EBITDA = 4.15 (Net Debt 7.58b / EBITDA 1.83b)
Debt / FCF = 2.75 (Net Debt 7.58b / FCF TTM 2.75b)
Total Stockholder Equity = 10.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.62% (Net Income 1.99b / Total Assets 343.07b)
RoE = 18.45% (Net Income TTM 1.99b / Total Stockholder Equity 10.81b)
RoCE = 9.30% (EBIT 1.58b / Capital Employed (Equity 10.81b + L.T.Debt 6.15b))
RoIC = 8.34% (NOPAT 1.15b / Invested Capital 13.83b)
WACC = 4.99% (E(43.78b)/V(53.15b) * Re(6.05%) + D(9.36b)/V(53.15b) * Rd(0.02%) * (1-Tc(0.27)))
Discount Rate = 6.05% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -0.38%
[DCF] Terminal Value 86.32% ; FCFF base≈2.64b ; Y1≈2.64b ; Y5≈2.79b
[DCF] Fair Price = 413.0 (EV 82.79b - Net Debt 7.58b = Equity 75.21b / 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: 53.17 | Revenue CAGR: 12.53% | SUE: 2.20 | # QB: 1
EPS next Quarter (2026-06-30): EPS=2.93 | Chg7d=+0.051 | Chg30d=+2.930 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-12-31): EPS=11.97 | Chg7d=+0.046 | Chg30d=+0.154 | Revisions Net=+3 | Growth EPS=+9.8% | Growth Revenue=+5.0%
EPS next Year (2027-12-31): EPS=12.73 | Chg7d=+0.027 | Chg30d=+0.025 | Revisions Net=+3 | Growth EPS=+6.4% | Growth Revenue=+4.4%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.4% (Discount Rate 7.9% - Earnings Yield 4.6%)
[Growth] Growth Spread = +1.2% (Analyst 4.6% - Implied 3.4%)
P/E Trailing = 21.9779
P/E Forward = 21.0526
P/S = 5.9328
P/B = 3.7696
P/EG = 3.7616
Revenue TTM = 7.39b EUR
EBIT TTM = 1.58b EUR
EBITDA TTM = 1.83b EUR
Long Term Debt = 6.15b EUR (from longTermDebt, last quarter)
Short Term Debt = 27.44b EUR (from shortTermDebt, last quarter)
Debt = 9.36b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 7.58b EUR (from netDebt column, last fiscal year)
Enterprise Value = 33.82b EUR (43.78b + Debt 9.36b - CCE 19.33b)
Interest Coverage Ratio = 18.58 (Ebit TTM 1.58b / Interest Expense TTM 84.9m)
EV/FCF = 12.28x (Enterprise Value 33.82b / FCF TTM 2.75b)
FCF Yield = 8.15% (FCF TTM 2.75b / Enterprise Value 33.82b)
FCF Margin = 37.27% (FCF TTM 2.75b / Revenue TTM 7.39b)
Net Margin = 26.98% (Net Income TTM 1.99b / Revenue TTM 7.39b)
Gross Margin = 66.26% ((Revenue TTM 7.39b - Cost of Revenue TTM 2.49b) / Revenue TTM)
Gross Margin QoQ = 81.01% (prev 80.81%)
Tobins Q-Ratio = 0.10 (Enterprise Value 33.82b / Total Assets 343.07b)
Interest Expense / Debt = 0.02% (Interest Expense 2.00m / Debt 9.36b)
Taxrate = 26.81% (189.0m / 705.0m)
NOPAT = 1.15b (EBIT 1.58b * (1 - 26.81%))
Current Ratio = 1.01 (Total Current Assets 317.90b / Total Current Liabilities 315.11b)
Debt / Equity = 0.87 (Debt 9.36b / totalStockholderEquity, last quarter 10.77b)
Debt / EBITDA = 4.15 (Net Debt 7.58b / EBITDA 1.83b)
Debt / FCF = 2.75 (Net Debt 7.58b / FCF TTM 2.75b)
Total Stockholder Equity = 10.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.62% (Net Income 1.99b / Total Assets 343.07b)
RoE = 18.45% (Net Income TTM 1.99b / Total Stockholder Equity 10.81b)
RoCE = 9.30% (EBIT 1.58b / Capital Employed (Equity 10.81b + L.T.Debt 6.15b))
RoIC = 8.34% (NOPAT 1.15b / Invested Capital 13.83b)
WACC = 4.99% (E(43.78b)/V(53.15b) * Re(6.05%) + D(9.36b)/V(53.15b) * Rd(0.02%) * (1-Tc(0.27)))
Discount Rate = 6.05% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -0.38%
[DCF] Terminal Value 86.32% ; FCFF base≈2.64b ; Y1≈2.64b ; Y5≈2.79b
[DCF] Fair Price = 413.0 (EV 82.79b - Net Debt 7.58b = Equity 75.21b / 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: 53.17 | Revenue CAGR: 12.53% | SUE: 2.20 | # QB: 1
EPS next Quarter (2026-06-30): EPS=2.93 | Chg7d=+0.051 | Chg30d=+2.930 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-12-31): EPS=11.97 | Chg7d=+0.046 | Chg30d=+0.154 | Revisions Net=+3 | Growth EPS=+9.8% | Growth Revenue=+5.0%
EPS next Year (2027-12-31): EPS=12.73 | Chg7d=+0.027 | Chg30d=+0.025 | Revisions Net=+3 | Growth EPS=+6.4% | Growth Revenue=+4.4%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.4% (Discount Rate 7.9% - Earnings Yield 4.6%)
[Growth] Growth Spread = +1.2% (Analyst 4.6% - Implied 3.4%)