Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide.
Solid track record with mediocre balance sheet.
Share Price & News
How has Nasdaq's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NDAQ's share price has been volatile over the past 3 months.
7 Day Return
AT Capital Markets
1 Year Return
AT Capital Markets
Return vs Industry: NDAQ exceeded the Austrian Capital Markets industry which returned 6.5% over the past year.
Return vs Market: NDAQ exceeded the Austrian Market which returned -16.4% over the past year.
Price Volatility Vs. Market
How volatile is Nasdaq's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Nasdaq undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NDAQ (€104.3) is trading above our estimate of fair value (€102.91)
Significantly Below Fair Value: NDAQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NDAQ is poor value based on its PE Ratio (26.6x) compared to the Capital Markets industry average (16.4x).
PE vs Market: NDAQ is poor value based on its PE Ratio (26.6x) compared to the Austrian market (10.8x).
Price to Earnings Growth Ratio
PEG Ratio: NDAQ is poor value based on its PEG Ratio (3.8x)
Price to Book Ratio
PB vs Industry: NDAQ is overvalued based on its PB Ratio (3.6x) compared to the XE Capital Markets industry average (1.4x).
How is Nasdaq forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NDAQ's forecast earnings growth (7.1% per year) is above the savings rate (0.5%).
Earnings vs Market: NDAQ's earnings (7.1% per year) are forecast to grow slower than the Austrian market (22.7% per year).
High Growth Earnings: NDAQ's earnings are forecast to grow, but not significantly.
Revenue vs Market: NDAQ's revenue (0.1% per year) is forecast to grow slower than the Austrian market (3.6% per year).
High Growth Revenue: NDAQ's revenue (0.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NDAQ's Return on Equity is forecast to be low in 3 years time (18.2%).
How has Nasdaq performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NDAQ has high quality earnings.
Growing Profit Margin: NDAQ's current net profit margins (16%) are higher than last year (12.7%).
Past Earnings Growth Analysis
Earnings Trend: NDAQ's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: NDAQ's earnings growth over the past year (38.2%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: NDAQ earnings growth over the past year (38.2%) exceeded the Capital Markets industry 14.7%.
Return on Equity
High ROE: NDAQ's Return on Equity (13.5%) is considered low.
How is Nasdaq's financial position?
Financial Position Analysis
Short Term Liabilities: NDAQ's short term assets ($5.3B) do not cover its short term liabilities ($5.5B).
Long Term Liabilities: NDAQ's short term assets ($5.3B) exceed its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: NDAQ's debt to equity ratio (76.1%) is considered high.
Reducing Debt: NDAQ's debt to equity ratio has increased from 41.5% to 76.1% over the past 5 years.
Debt Coverage: NDAQ's debt is well covered by operating cash flow (24.5%).
Interest Coverage: NDAQ's interest payments on its debt are well covered by EBIT (11x coverage).
What is Nasdaq's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NDAQ's dividend (1.66%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.68%).
High Dividend: NDAQ's dividend (1.66%) is low compared to the top 25% of dividend payers in the Austrian market (5.01%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NDAQ has been paying a dividend for less than 10 years.
Growing Dividend: NDAQ's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.4%), NDAQ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NDAQ's dividends in 3 years are forecast to be well covered by earnings (32.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Adena Friedman (49yo)
Ms. Adena T. Friedman has been the President, Chief Executive Officer and Director of Nasdaq, Inc. since December 2015, December 31, 2016 and January 1, 2017 respectively. She serves as Director at FCLT Gl ...
CEO Compensation Analysis
Compensation vs Market: Adena's total compensation ($USD13.87M) is above average for companies of similar size in the Austrian market ($USD3.79M).
Compensation vs Earnings: Adena's compensation has been consistent with company performance over the past year.
|Executive VP Corporate Strategy & CFO||3.92yrs||US$3.93m||0.019% $3.3m|
|Executive VP||no data||US$3.81m||0.018% $3.1m|
|Executive Vice President of Corporate Services||2.17yrs||US$3.34m||0.014% $2.4m|
|Executive VP of Global Information Services||1yr||US$8.44m||0.018% $3.1m|
|Senior VP||4.17yrs||no data||0.0095% $1.6m|
|Vice President of Investor Relations||no data||no data||no data|
|Executive VP||0.67yr||no data||0.014% $2.4m|
|Chief Marketing Officer & Executive VP||7.42yrs||no data||0.0076% $1.3m|
|Executive VP & Chief People Officer||7.83yrs||no data||0.0096% $1.7m|
Experienced Management: NDAQ's management team is considered experienced (3.7 years average tenure).
|Independent Director||8.5yrs||US$333.53k||0.024% $4.1m|
|Independent Chairman of the Board||3.08yrs||US$490.58k||0.039% $6.6m|
|Independent Director||1.17yrs||US$299.22k||0.0040% $687.4k|
|Independent Director||2.17yrs||US$304.06k||0.0044% $759.8k|
|Independent Director||6.08yrs||US$320.67k||0.0041% $701.2k|
|Independent Director||12.25yrs||US$304.06k||0.024% $4.1m|
|Independent Director||5.25yrs||US$473.53k||0.012% $2.0m|
|Independent Director||2.92yrs||US$328.61k||0.0078% $1.3m|
|Independent Director||3.08yrs||US$308.99k||0.0081% $1.4m|
Experienced Board: NDAQ's board of directors are considered experienced (3.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NDAQ insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Nasdaq, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Nasdaq, Inc.
- Ticker: NDAQ
- Exchange: WBAG
- Founded: 1971
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: US$19.349b
- Listing Market Cap: US$17.228b
- Shares outstanding: 164.07m
- Website: https://www.nasdaq.com
Number of Employees
- Nasdaq, Inc.
- 151 West 42nd Street
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NDAQ||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jul 2002|
|NAQ||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 2002|
|NDAQ||DIFX (NASDAQ Dubai Limited)||Yes||Common Stock||AE||USD||Jul 2002|
|0K4T||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jul 2002|
|NDAQ *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jul 2002|
|NDAQ||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jul 2002|
|N1DA34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. The company’s Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and trade management service businesses. This segment operates various exchanges and other marketplace facilities across various asset classes, which consist of commodities, cash equity, debt, structured products, and exchange traded products; and provides broker, clearing, settlement, and central depository services. Its Corporate Services segment includes listing services and corporate solution businesses that deliver critical capital market and governance solutions to public and private companies. The company’s Information Services segment provides market data, index, and investment data and analytics to institutional and retail investors. Its Market Technology segment offers technology solutions for trading, clearing, settlement, surveillance, depository, and information dissemination to markets. It also provides Nasdaq Trade Surveillance solution, a managed service designed for brokers and other market participants; and Nasdaq Risk, a suite of products that offer a real-time, multi-tiered risk solution that integrates pre-, at-and on-trade risk management and margining. In addition, the company offers corporate responsibility and environmental, social, and governance data management and reporting services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/05 01:44|
|End of Day Share Price||2020/06/04 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.