Deutsche Börse AG

Deutsche Börse AG

DB1.SW
Deutsche Börse AGCH flagSwiss Exchange
142.35
CHF
-142.35
- -
31.87BMarket Cap
Deutsche Börse AG
DB1.SW
(Swiss Exchange)

Recent

price

142.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
13.69
10.96
10.84
12.42
11.73
11.93
12.95
13.35
14.14
14.86
16.79
18.01
20.26
23.77
- -
- -
- -
Revenue per Share
5.51
2.53
2.12
4.6
3.44
2.6
4.14
3.6
6.81
4.68
4.46
5.47
5.89
6.59
- -
- -
- -
Basic EPS, GAAP
6.22
3.38
4.36
3.61
3
3.26
2.95
-0.78
7.8
4.85
6.16
4.04
6.63
3.83
- -
- -
- -
Free Cash Flow per Basic Share
2.12
2.1
2.1
2.1
3.32
2.1
2.1
2.09
2.25
2.35
2.45
2.7
2.9
3
- -
- -
- -
Dividend per Share
10.52
11.86
11.65
12.47
11.38
11.98
14.33
13.79
18.33
20.47
21.47
26.8
29.86
34.7
- -
- -
- -
Book Value per Share
-2.37
-0.36
1.55
-0.17
-0.05
0.59
1.23
-5.07
3.49
4.65
4.13
6.01
4.54
-2.29
- -
- -
- -
Tangible Book Value per Share
191
186
186
186
187
184
184
185
187
187
185
183
183
184
- -
- -
- -
Basic Weighted Avg Shares
2,609
2,039
2,016
2,308
2,197
2,196
2,385
2,470
2,641
2,776
3,104
3,303
3,717
4,363
5,225
6,096
6,631
Sales/Revenue/Turnover
61.23
37.91
28.6
49.67
44.3
32.93
38.79
37.85
40.39
42.16
39.58
43.76
42.52
38.09
41.33
41.61
40.01
Operating Margin (%)
137
569
584
91
105
119
125
144
135
160
210
226
264
294
356
418
486
Depreciation Expense
1,050
471
395
855
645
478
762
666
1,273
874
824
1,004
1,080
1,210
1,494
1,724
1,804
Net Income, GAAP
28.5
15.57
5.84
24.26
19.95
25.88
18.15
26.09
27.67
30.48
26.31
25.96
26.38
26
25.79
26.71
25.8
Effective Tax Rate (%)
40.26
23.1
19.6
37.05
29.35
21.78
31.96
26.94
48.18
31.49
26.56
30.39
29.05
27.72
28.6
28.28
27.2
Profit Margin (%)
- -
- -
211
29
-328
491
447
-106
1,354
1,100
2,158
3,014
2,991
903
2,486
2,890
3,276
Working Capital
- -
- -
1,455
1,458
1,160
1,522
1,428
2,546
2,285
1,688
2,283
2,627
2,995
3,460
4,534
7,480
- -
LT Debt
2,978
3,339
3,378
3,133
3,170
3,268
3,752
3,695
4,623
4,959
4,955
6,111
6,556
7,742
9,061
10,100
10,148
Total Equity
36.95
19
11.81
16.34
14.34
9.34
12.55
9.74
9.63
9.78
10.82
12.1
11.06
9.46
11
10.89
19.88
Return on Invested Capital (%)
47.34
17.83
10.98
22.3
16.41
11.89
16.94
12.18
20.52
13.41
12.34
13.47
11.69
10.1
11.31
11.43
20.95
Return on Capital (%)
56.33
22.38
18.07
38.14
28.99
22.06
31.47
25.64
42.61
24.13
21.15
22.6
20.78
20.42
22.14
22.66
23.37
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
1,244
- -
- -
LT Borrowings
7,096
- -
- -
LT Finance Leases
384
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
185
185
184
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
214,310
262,233
230,881
Cash, Cash Equivalents & STI
140,499
176,468
177,139
Accounts Receivable, Net
1,832
- -
2,003
Inventories
- -
- -
- -
Total Current Liabilities
211,420
259,025
227,605
Payables & Accruals
- -
- -
- -
ST Debt
1,244
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.28%
15.44%
11.47%
Free Cash Flow
-105.7%
39.99%
5.68%
Net Income, GAAP
18.11%
16.05%
15.36%
Sales/Revenue/Turnover
10.88%
14.55%
16.67%
Total Cash Common Dividend
5.59%
7.89%
12.58%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
1,248
1,230
1,327
1,421
5,225
2023
1,477
1,451
1,447
1,722
6,096
2024
1,716
1,746
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
2.29
- -
2.03
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Business
Deutsche Börse AG operates as a leading international exchange organization headquartered in Frankfurt, Germany, with operations across Europe, the United States, and the Asia-Pacific region. The company primarily provides trading services including execution and management of derivatives and cash securities on platforms such as Xetra; clearing and settlement services via subsidiaries Eurex Clearing and Clearstream; securities custody and fund services; and distribution of market data and indexes through its Investment Management Solutions segment, which includes ISS, STOXX, and SimCorp. Deutsche Börse also develops and implements financial IT solutions, including digital asset platforms and post-trade infrastructure. The company serves a wide range of customers including institutional investors, asset managers, asset owners, and financial intermediaries. Recent major developments include Deutsche Börse’s strategic acquisitions of SimCorp in April 2023 for €3.9 billion, enhancing its investment management software offerings, and the acquisition of FundsDLT, a Luxembourg-based distributed ledger technology company, to expand its digital asset and blockchain capabilities. The group also completed a majority stake acquisition in Crypto Finance to build a regulated ecosystem for digital asset services. In 2024, Deutsche Börse launched a strategic partnership with Google Cloud to accelerate the development of its digital securities platform and innovate its digital asset market operations. Furthermore, Deutsche Börse is in exclusive discussions to acquire Allfunds Group PLC, a significant player in fund distribution, which would broaden its buy-side services portfolio. The company continues to integrate Clearstream post-trade services with SimCorp’s investment platform to enhance operational connectivity for asset managers. Founded in 1992, Deutsche Börse AG is structured as a joint-stock company and is the third-largest stock market operator in Europe by market capitalization. Its business segments include Trading & Clearing, Securities Services, Investment Management Solutions, and Fund Services, with significant revenue contribution from technology and data services. The geographic revenue split primarily covers the European Union and greater Europe, with growing footprints in the Americas and Asia-Pacific. The company emphasizes innovation in capital markets infrastructure, digital assets, and sustainable finance, maintaining a commitment to dividend growth and selective mergers and acquisitions to strengthen its market position. It employs over 15,000 people globally and operates a comprehensive ecosystem connecting buy-side and sell-side participants across multiple asset classes.