Deutsche Börse reported a good third quarter with earnings before tax of EUR 800 million, up 18% versus last year. A structurally strong performance and treasury results that began contributing positively again also allowed Deutsche Börse to raise its revenue and EBITDA guidance.
Deutsche Börse has a compelling suite of services, with many protected by significant barriers to entry.
OTC clearing of interest rate derivatives is unlikely to move to Europe in its entirety.
|
Metric
|
DB1
|
ICE
|
CME
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.37 | 22.01 | 25.58 |
Price/Book Value | 5.25 | 3.15 | 4.08 |
Price/Sales | 7.25 | 6.82 | 15.69 |
Price/Cash Flow | 19.74 | 16.74 | 24.04 |
|
Metric
|
DB1
|
ICE
|
CME
|
|---|---|---|---|
Quick Ratio | 0.75 | 0.05 | 0.02 |
Current Ratio | 1.01 | 1.03 | 1.02 |
Interest Coverage | 16.89 | 7.44 | 34.10 |
|
Metric
|
DB1
|
ICE
|
CME
|
|---|---|---|---|
Return on Assets (Normalized) | 0.64% | 2.58% | 2.25% |
Return on Equity (Normalized) | 21.59% | 14.25% | 16.04% |
Return on Invested Capital (Normalized) | 0.86% | 9.36% | 14.69% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| S&P Global Inc
SPGI
| LOCK|!ybxd#NW | LOCK|<M | $135B | |||
| CME Group Inc Class A
CME
| LOCK|Spt>fk | LOCK|N?v | $109B | |||
| Intercontinental Exchange Inc
ICE
| LOCK|%!Fqk!@K | LOCK|@Jv | $94B | |||
| Moodys Corp
MCO
| LOCK|NWZ@bp@F | LOCK|$w< | $85B | |||
| Nasdaq Inc
NDAQ
| LOCK|z&^dKJ | LOCK|SZKy | $59B | |||
| MSCI Inc
MSCI
| LOCK|fM^Hnk<! | LOCK|j% | $45B | |||
| Coinbase Global Inc Ordinary Shares - Class A
COIN
| LOCK|fV@<ck | LOCK|&Wr | $38B | |||
| Cboe Global Markets Inc
CBOE
| LOCK|>sD>Wp? | LOCK|#Gzm | $35B | |||
| TransUnion
TRU
| LOCK|B<$%M@ | LOCK|#<?X | $15B | |||
| FactSet Research Systems Inc
FDS
| LOCK|^DNB<p | LOCK|^J | $12B |
United States