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Deutsche Boerse
(XETRA:DB1)
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Rating:79Outperform
Price Target:
€279.00
▲(6.86% Upside)
Action:Reiterated
Date:03/22/26
The score is primarily supported by strong financial performance (high, stable profitability and robust free cash flow) and constructive technical momentum (price above major moving averages with positive MACD). Valuation is fair but not especially compelling (P/E ~20.5 and ~1.6% yield), which modestly limits upside in the overall score.
Positive Factors
High and stable margins
Sustained operating and net margins reflect durable pricing power and strong operating leverage from market infrastructure. High margins support consistent cash generation, funding for technology and product investment, and the ability to return capital, underpinning long-term profitability resilience.
Negative Factors
Revenue growth deceleration
A marked slowing in top-line growth signals potential maturation of core markets or rising competition. Slower organic expansion constrains long-term earnings upside and raises the bar for management to deliver growth via new products, geographic expansion, or M&A to sustain multi-year targets.
Read all positive and negative factors
Positive Factors
Negative Factors
High and stable margins
Sustained operating and net margins reflect durable pricing power and strong operating leverage from market infrastructure. High margins support consistent cash generation, funding for technology and product investment, and the ability to return capital, underpinning long-term profitability resilience.
Read all positive factors
Deutsche Boerse (DB1) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€44.40B
Dividend Yield1.79%
Average Volume (3M)389.02K
Price to Earnings (P/E)21.9
Beta (1Y)0.41
Revenue Growth5.21%
EPS Growth2.78%
CountryDE
Employees14,515
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Data & Stock Exchanges
Share Statistics
EPS (TTM)10.81
Shares Outstanding186,300,000
10 Day Avg. Volume317,311
30 Day Avg. Volume389,018
Financial Highlights & Ratios
PEG Ratio7.25
Price to Book (P/B)3.62
Price to Sales (P/S)5.52
P/FCF Ratio14.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€285.20Price Target Upside9.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)12.43
Revenue Forecast (FY)€6.50B
Deutsche Boerse Business Overview & Revenue Model
Company Description
Deutsche Börse AG operates as a leading exchange organization with a global reach, spanning Europe, the Americas, and the Asia-Pacific region. Its operations are structured across seven key divisions: Eurex, focused on financial derivatives; EEX, ...
How the Company Makes Money
Deutsche Börse makes money primarily by providing mission-critical capital markets infrastructure and charging fees and recurring revenues across the trade lifecycle (trade execution, clearing, settlement/custody) and from data/services sold to ma...
Deutsche Boerse Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.23B | 7.42B | 7.02B | 6.10B | 5.23B | 4.36B |
| Gross Profit | 3.92B | 5.02B | 4.10B | 3.61B | 4.23B | 2.25B |
| EBITDA | 3.46B | 3.51B | 3.42B | 2.98B | 2.57B | 2.07B |
| Net Income | 1.99B | 2.00B | 1.95B | 1.72B | 1.49B | 1.21B |
Balance Sheet | ||||||
| Total Assets | 294.27B | 297.18B | 222.40B | 237.73B | 269.11B | 222.92B |
| Cash, Cash Equivalents and Short-Term Investments | 216.52B | 19.33B | 130.41B | 140.50B | 138.23B | 110.97B |
| Total Debt | 0.00 | 8.14B | 9.58B | 8.72B | 5.36B | 6.32B |
| Total Liabilities | 283.25B | 285.56B | 210.85B | 227.63B | 260.05B | 215.18B |
| Stockholders Equity | 10.56B | 11.31B | 10.77B | 9.66B | 8.47B | 7.19B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.75B | 2.05B | 2.28B | 2.16B | 702.50M |
| Operating Cash Flow | 0.00 | 2.81B | 2.41B | 2.55B | 2.48B | 908.90M |
| Investing Cash Flow | 0.00 | 22.00M | -60.00M | -4.00B | -1.41B | -2.17B |
| Financing Cash Flow | 0.00 | -1.89B | -1.35B | 2.29B | -951.10M | 798.70M |
Deutsche Boerse Technical Analysis
Positive
261.10
Price Trends
248.31
Positive
242.43
Positive
228.64
Positive
Market Momentum
-1.20
Negative
58.07
Neutral
70.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:DB1, the sentiment is Positive. The current price of 261.1 is above the 20-day moving average (MA) of 244.46, above the 50-day MA of 248.31, and above the 200-day MA of 228.64, indicating a bullish trend. The MACD of -1.20 indicates Negative momentum. The RSI at 58.07 is Neutral, neither overbought nor oversold. The STOCH value of 70.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:DB1.
Deutsche Boerse Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | €44.40B | 21.95 | 18.89% | 1.79% | 5.21% | 2.78% | |
72 Outperform | €556.79M | 15.78 | 13.18% | 2.65% | 1.76% | -18.57% | |
64 Neutral | €582.81M | 20.61 | 7.56% | ― | 0.04% | 90.09% | |
57 Neutral | €42.72B | 17.79 | 8.41% | 1.82% | -4.17% | -0.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
42 Neutral | €463.94M | -1.46 | -10.36% | 3.61% | -25.75% | -496.17% |
* General Sector Average
DE:DB1
Deutsche Boerse
249.80
-20.49
-7.58%
DE:CBK
Commerzbank
37.72
9.96
35.87%
DE:PBB
Deutsche Pfandbriefbank
3.45
-1.71
-33.14%
DE:GFT
GFT Technologies
21.15
-1.34
-5.96%
DE:HYQ
HYPOPORT
91.95
-109.55
-54.37%
DE:EUX
EUWAX AG
50.60
8.88
21.28%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.