Hong Kong Exchanges and Clearing Valuation

Q: What is the Fair Price of D9I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

D9I (€26.2) is trading above our estimate of [[fair value]] (€24.06)

Is D9I undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of D9I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: D9I (€26.2) is trading above our estimate of fair value (€24.06)

Significantly Below Fair Value: D9I is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for D9I?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for D9I. This is calculated by dividing D9I's market cap by their current preferred multiple.
What is D9I's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	HK$293.11b

D9I key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	9.5x
Enterprise Value/EBITDA	13.9x
PEG Ratio	3x

Price to Earnings Ratio vs Peers

How does D9I's PE Ratio compare to its peers?

The above table shows the PE ratio for D9I vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	20.8x
DB1 Deutsche Börse	20.1x	5.1%	€36.2b
DBK Deutsche Bank	8.3x	16.2%	€28.3b
DWS DWS Group GmbH KGaA	11.9x	12.9%	€6.9b
NDAQ Nasdaq	43x	15.7%	US$40.5b
D9I Hong Kong Exchanges and Clearing	25.1x	8.3%	€293.1b

Price-To-Earnings vs Peers: D9I is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the peer average (20.8x).

Price to Earnings Ratio vs Industry

How does D9I's PE Ratio compare vs other companies in the DE Capital Markets Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.3%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.3%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: D9I is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the German Capital Markets industry average (23.5x).

Price to Earnings Ratio vs Fair Ratio

What is D9I's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

D9I PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	25.1x
Fair PE Ratio	19.6x

Price-To-Earnings vs Fair Ratio: D9I is expensive based on its Price-To-Earnings Ratio (25.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.