Euronext NV Unsponsored ADR (ERNXY) AI Stock Analysis

• Market Cap: $13.54B
• Dividend Yield: N/A
• Average Volume (3M): 1.53K
• Price to Earnings (P/E): 19.3
• Beta (1Y): 0.14
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 2,407
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 0.34
• Shares Outstanding: 518,449,650
• 10 Day Avg. Volume: 217
• 30 Day Avg. Volume: 1,532
• PEG Ratio: 1.10
• Price to Book (P/B): 2.53
• Price to Sales (P/S): 6.61
• P/FCF Ratio: 17.29
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 7.77
• Enterprise Value/Gross Profit: 13.20
• Enterprise Value/Ebitda: 12.10
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: $33.00

The score is driven primarily by strong underlying financial performance and a constructive earnings update (double-digit growth, margin expansion, improved leverage, and a sizeable buyback). Technical signals are more neutral with limited trend strength, and valuation appears reasonable-to-slightly-rich with only a modest dividend yield.

Euronext NV Unsponsored ADR Business Overview & Revenue Model

Company Description

Euronext N.V., together with its subsidiaries, operates securities and derivatives exchanges in Continental Europe, Ireland, and Norway. The company offers a range of exchange and corporate services, including security listings, cash and derivatives trading, and market data dissemination. It also provides listing venues and cash equities trading venues; and various marketplaces, including multilateral trading facilities for investors, broker-dealers, and other market participants to meet directly to buy and sell cash equities, fixed income securities, and exchange traded products. In addition, the company offers options contracts based on the blue-chip equities listed on Euronext; commodity derivatives, such as milling wheat futures contracts; and post-trade services, as well as distributes and sells real-time, historic, and reference data to data vendors, and financial institutions and individual investors. Further, it provides equity, debt, fund and ETF listing, corporate and investor, cash trading, foreign exchange trading, derivatives trading, fixed income trading, and power trading services. Additionally, the company offers technology solutions and services to exchanges, venue operators, and financial institutions; connectivity, colocation, and network and proximity services; data analytics, risk management, order management system, broker workstations, algorithmic trading validation, and regulatory reporting services; and hosting services to financial firms and third-party venue operators. The company was formerly known as Euronext Group N.V. and changed its name to Euronext N.V. in May 2014. Euronext N.V. was founded in 2000 and is headquartered in Amsterdam, the Netherlands.

How the Company Makes Money

Euronext NV Unsponsored ADR Financial Statement Overview

Summary

Strong profitability (very high EBIT and net margins), steady revenue growth, and solid earnings-to-free-cash-flow conversion support a high score. Offsetting factors are some gross-margin softness and data-consistency flags (unusually large TTM asset base and very low operating cash flow coverage ratio).

Income Statement

ERNXY shows strong and consistent profitability, with very high TTM (Trailing-Twelve-Months) operating and net margins (about 53% EBIT margin and ~36% net margin). Revenue has grown steadily over time, with TTM revenue up ~6.7% versus the prior period, following low-to-mid single-digit growth in recent annual reports. A key watch-out is some compression in gross margin versus prior years (TTM below the 2023–2024 range), even though bottom-line profitability remains excellent.

Balance Sheet

Leverage appears manageable for the business model, with debt-to-equity around ~0.70 in TTM (Trailing-Twelve-Months), improving from higher levels in earlier years, and equity has grown versus prior annual periods. Returns on equity are healthy (roughly 15% TTM), indicating effective capital use. The main risk flag is the very large reported total asset base in TTM versus prior annual reports, which creates comparability/quality-of-data uncertainty and warrants caution when interpreting balance-sheet scale and related ratios.

Cash Flow

Cash generation is strong, with TTM (Trailing-Twelve-Months) free cash flow close to net income (free cash flow running at ~92% of earnings), suggesting good earnings quality. Free cash flow growth is also robust in TTM (over 40%), a notable rebound from the prior year’s decline. Offsetting this, the provided operating cash flow coverage ratio is extremely low in recent periods (including TTM), which conflicts with otherwise solid cash flow figures and introduces some data consistency risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.78B	1.62B	1.47B	1.41B	1.29B	884.15M
Gross Profit	1.05B	1.16B	1.10B	1.04B	958.49M	668.99M
EBITDA	1.14B	975.60M	904.96M	811.76M	756.32M	518.05M
Net Income	642.41M	585.60M	513.57M	437.83M	413.34M	315.48M
Balance Sheet
Total Assets	367.83B	209.39B	189.51B	175.14B	145.91B	2.88B
Cash, Cash Equivalents and Short-Term Investments	1.32B	1.74B	176.46B	168.01B	961.95M	721.56M
Total Debt	3.02B	3.12B	3.11B	3.09B	3.13B	1.33B
Total Liabilities	363.36B	204.99B	185.42B	171.10B	142.14B	1.80B
Stockholders Equity	4.31B	4.25B	3.95B	3.91B	3.65B	1.06B
Cash Flow
Free Cash Flow	876.57M	621.36M	723.04M	516.97M	476.12M	258.77M
Operating Cash Flow	924.12M	708.60M	826.07M	616.49M	543.71M	277.99M
Investing Cash Flow	-549.25M	-37.07M	157.91M	-122.58M	-4.22B	-104.72M
Financing Cash Flow	-799.19M	-441.67M	-522.21M	-282.37M	3.84B	104.23M

Euronext NV Unsponsored ADR Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICE	80 Outperform	$93.99B	29.69	11.32%	1.19%	8.96%	30.16%
CME	77 Outperform	$106.24B	26.26	14.63%	3.92%	5.84%	8.51%
ERNXY	76 Outperform	$13.54B	19.28	14.77%	―	―	―
CBOE	75 Outperform	$28.38B	28.84	21.51%	1.06%	16.74%	26.74%
NDAQ	74 Outperform	$50.53B	28.39	15.28%	1.07%	16.41%	68.03%
SPGI	73 Outperform	$140.96B	34.04	12.57%	0.73%	9.04%	21.35%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%