Deutsche Boerse AG
DB1: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| VmS | LOCK|Df | LOCK|tDsTBd |
We Raise Our Fair Value Estimate for Deutsche Boerse, but Shares Fairly Valued
Business Strategy and Outlook
Deutsche Boerse's compelling suite of services make it one of the dominant exchange groups in Europe. It operates a derivative trading and clearing business, a leading international central securities depository, or ICSD, a leading fund distribution platform, exchanges in cash equities, commodities and foreign exchange, and an index and analytics business.
