Financials Euronext N.V.

Equities

ENX

NL0006294274

Financial & Commodity Market Operators

Market Closed - Euronext Paris 11:35:00 2024-06-06 am EDT 5-day change 1st Jan Change
93.15 EUR +1.47% Intraday chart for Euronext N.V. +6.09% +18.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,057 6,271 9,711 7,371 8,368 9,657 - -
Enterprise Value (EV) 1 5,706 6,882 11,883 9,302 9,968 10,991 10,621 10,166
P/E ratio 22.8 x 20 x 21.3 x 16.9 x 16.3 x 16.8 x 15.6 x 14.6 x
Yield 2.19% 2.5% 2.12% 3.21% 3.15% 2.88% 3.09% 3.36%
Capitalization / Revenue 7.45 x 7.09 x 7.48 x 5.2 x 5.67 x 6.06 x 5.79 x 5.54 x
EV / Revenue 8.4 x 7.78 x 9.15 x 6.56 x 6.76 x 6.9 x 6.37 x 5.83 x
EV / EBITDA 14.3 x 13.2 x 15.8 x 10.8 x 11.5 x 11.4 x 10.5 x 9.52 x
EV / FCF 25.1 x 26.6 x 25 x 18 x 13.8 x 17.4 x 14.3 x 13.1 x
FCF Yield 3.99% 3.76% 4.01% 5.56% 7.25% 5.74% 6.97% 7.63%
Price to Book 5.51 x 5.96 x 2.35 x 1.83 x 2.07 x 2.27 x 2.09 x 1.92 x
Nbr of stocks (in thousands) 69,614 69,567 106,422 106,582 106,398 103,666 - -
Reference price 2 72.65 90.15 91.25 69.16 78.65 93.15 93.15 93.15
Announcement Date 2/12/20 2/10/21 2/10/22 2/9/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 679.1 884.3 1,299 1,419 1,475 1,592 1,668 1,744
EBITDA 1 399.4 520 752.8 861.6 864.7 964 1,012 1,068
EBIT 1 355.7 462.3 627.1 792.8 790.4 858.6 911 973.1
Operating Margin 52.38% 52.28% 48.29% 55.88% 53.6% 53.92% 54.63% 55.8%
Earnings before Tax (EBT) 1 325.6 442.7 580.7 614.2 699.1 794.3 848.8 904.3
Net income 1 222 315.5 413.3 437.8 513.6 578.1 628.9 675.5
Net margin 32.69% 35.68% 31.82% 30.86% 34.83% 36.3% 37.71% 38.74%
EPS 2 3.190 4.510 4.290 4.100 4.830 5.555 5.956 6.390
Free Cash Flow 1 227.7 258.8 476 517 723.1 630.4 740.2 776
FCF margin 33.53% 29.27% 36.65% 36.44% 49.03% 39.59% 44.39% 44.5%
FCF Conversion (EBITDA) 57.01% 49.77% 63.23% 60% 83.62% 65.4% 73.11% 72.66%
FCF Conversion (Net income) 102.57% 82.03% 115.17% 118.08% 140.79% 109.06% 117.69% 114.88%
Dividend per Share 2 1.590 2.250 1.930 2.220 2.480 2.686 2.879 3.126
Announcement Date 2/12/20 2/10/21 2/10/22 2/9/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 350.6 370.1 723.7 395.7 374.7 770.4 301.4 347 372.3 368.1 360.2 374.1 401.9 400.8 390.5 402.5 -
EBITDA 1 203 208.2 411.2 252.2 221.7 473.9 199.9 187.9 218.5 216.1 213.7 216.3 251.3 244.2 249.6 257 -
EBIT 1 165.1 166.9 332 233.7 206.9 - 109.5 168.4 200.9 197.8 195.4 196.3 232.3 220.6 218.1 223.7 -
Operating Margin 47.09% 45.1% 45.88% 59.06% 55.22% - 36.33% 48.53% 53.96% 53.74% 54.25% 52.47% 57.8% 55.05% 55.86% 55.57% -
Earnings before Tax (EBT) 1 167.6 151.3 318.9 199.6 167.2 - 106.6 140.8 135.2 166.4 220.6 - 203.3 - - - -
Net income 1 115.8 112.7 228.5 143.8 118.9 - 75.8 99.3 96.5 120 166.5 130.6 139.7 143.1 156.8 156.6 -
Net margin 33.03% 30.45% 31.57% 36.34% 31.73% - 25.15% 28.62% 25.92% 32.6% 46.22% 34.91% 34.76% 35.72% 40.17% 38.92% -
EPS 2 1.080 1.050 2.000 1.350 1.110 - 0.7100 0.9300 0.9000 1.120 1.560 1.250 1.340 1.361 1.461 1.424 -
Dividend per Share 2 - 1.930 - - - - - 2.220 - - - 2.480 - - - 2.781 -
Announcement Date 11/4/21 2/10/22 2/10/22 5/17/22 7/28/22 7/28/22 11/3/22 2/9/23 5/16/23 7/27/23 11/8/23 2/15/24 5/14/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 649 610 2,172 1,931 1,600 1,335 965 510
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.624 x 1.173 x 2.885 x 2.241 x 1.85 x 1.385 x 0.9528 x 0.4775 x
Free Cash Flow 1 228 259 476 517 723 630 740 776
ROE (net income / shareholders' equity) 31.8% 31.2% 17.1% 11.3% 13.1% 14.6% 14.6% 14.3%
ROA (Net income/ Total Assets) 13.6% 13.1% 0.56% 0.27% 0.28% 0.35% 0.38% 0.39%
Assets 1 1,638 2,402 74,388 160,502 183,691 167,073 167,108 171,279
Book Value Per Share 2 13.20 15.10 38.90 37.80 38.10 41.10 44.60 48.60
Cash Flow per Share 2 3.630 3.970 5.660 5.770 7.770 7.140 6.900 6.820
Capex 1 26.1 19.2 67.6 99.5 103 66.6 70.5 73.6
Capex / Sales 3.84% 2.17% 5.21% 7.01% 6.98% 4.18% 4.23% 4.22%
Announcement Date 2/12/20 2/10/21 2/10/22 2/9/23 2/15/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
91.8 EUR
Average target price
98.77 EUR
Spread / Average Target
+7.60%
Consensus
  1. Stock Market
  2. Equities
  3. ENX Stock
  4. Financials Euronext N.V.