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
|
CME
|
LSEG
|
|---|---|---|---|
Price/Earnings (Normalized) | 25.73 | 24.76 | 20.67 |
Price/Book Value | 5.12 | 3.95 | 2.40 |
Price/Sales | 7.07 | 15.19 | 4.87 |
Price/Cash Flow | 19.26 | 23.27 | 10.88 |
|
Metric
|
DB1
|
CME
|
LSEG
|
|---|---|---|---|
Quick Ratio | 0.75 | 0.02 | 0.01 |
Current Ratio | 1.01 | 1.02 | 1.00 |
Interest Coverage | 16.89 | 34.10 | 6.59 |
|
Metric
|
DB1
|
CME
|
LSEG
|
|---|---|---|---|
Return on Assets (Normalized) | 0.64% | 2.25% | 0.32% |
Return on Equity (Normalized) | 21.59% | 16.04% | 13.33% |
Return on Invested Capital (Normalized) | 0.86% | 14.69% | 8.39% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| S&P Global Inc
SPGI
| LOCK|@k$&T$Q | LOCK|XfS | $130B | |||
| CME Group Inc Class A
CME
| LOCK|TD<&#!> | LOCK|?$b | $105B | |||
| Intercontinental Exchange Inc
ICE
| LOCK|$b$X&Wl$ | LOCK|qk@ | $87B | |||
| Moodys Corp
MCO
| LOCK|#>Wn^%! | LOCK|%MT | $82B | |||
| Nasdaq Inc
NDAQ
| LOCK|c!$@ny | LOCK|P&x^& | $58B | |||
| MSCI Inc
MSCI
| LOCK|Fh$?^Y! | LOCK|zhr | $44B | |||
| Coinbase Global Inc Ordinary Shares - Class A
COIN
| LOCK|L%sQt%% | LOCK|NL^ | $43B | |||
| Cboe Global Markets Inc
CBOE
| LOCK|%gd&!mK | LOCK|<HKf | $34B | |||
| TransUnion
TRU
| LOCK|@?$g#! | LOCK|vV?KR | $14B | |||
| FactSet Research Systems Inc
FDS
| LOCK|rS@kf^ | LOCK|LJ< | $11B |
United States