Euronext NV (FR:ENX)
:ENX
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Euronext NV
(ENX)
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Rating:77Outperform
Price Target:
€168.00
▲(15.23% Upside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by strong financial performance (exceptional margins and solid cash conversion), supported by a positive technical setup with the price above key moving averages. The main constraints are valuation at a mid-to-higher P/E and modest recent revenue growth alongside a meaningful, though improving, debt position.
Positive Factors
High profitability and margins
Euronext’s very high and stable margins reflect pricing power and low variable costs in exchange and data businesses. Durable margins support reinvestment, dividend funding and resilience to revenue shocks, enabling sustained cash returns and strategic investments.
Negative Factors
Modest recent revenue growth
Revenue growth has slowed to low single digits, limiting the runway for top-line-driven margin expansion and making future EPS gains more reliant on cost control or non-organic initiatives. Sustained weak top-line growth can pressure returns over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and margins
Euronext’s very high and stable margins reflect pricing power and low variable costs in exchange and data businesses. Durable margins support reinvestment, dividend funding and resilience to revenue shocks, enabling sustained cash returns and strategic investments.
Read all positive factors
Euronext NV (ENX) vs. iShares MSCI France ETF (EWQ)
Market Cap
€15.03B
Dividend Yield2.3%
Average Volume (3M)268.88K
Price to Earnings (P/E)18.2
Beta (1Y)0.30
Revenue Growth13.29%
EPS Growth11.72%
CountryFR
Employees2,407
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Data & Stock Exchanges
Share Statistics
EPS (TTM)6.62
Shares Outstanding103,689,930
10 Day Avg. Volume248,234
30 Day Avg. Volume268,878
Financial Highlights & Ratios
PEG Ratio1.65
Price to Book (P/B)2.86
Price to Sales (P/S)7.13
P/FCF Ratio19.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€151.48Price Target Upside3.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)8.02
Revenue Forecast (FY)€2.03B
Euronext NV 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 derivativ...
How the Company Makes Money
Euronext makes money primarily by charging fees and selling services tied to the operation of financial markets and the supporting infrastructure around those markets. Key revenue streams typically include: (1) Trading services: transaction and or...
Euronext NV Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.89B | 1.82B | 1.62B | 1.47B | 1.41B | 1.29B |
| Gross Profit | 1.68B | 1.62B | 1.26B | 1.10B | 1.04B | 958.49M |
| EBITDA | 1.22B | 1.16B | 1.06B | 904.96M | 811.76M | 756.32M |
| Net Income | 670.46M | 642.90M | 585.57M | 513.57M | 437.83M | 413.34M |
Balance Sheet | ||||||
| Total Assets | 387.07B | 327.63B | 209.39B | 189.51B | 175.14B | 145.91B |
| Cash, Cash Equivalents and Short-Term Investments | 2.07B | 1.66B | 1.74B | 176.46B | 168.01B | 961.95M |
| Total Debt | 3.41B | 3.40B | 3.12B | 3.11B | 3.09B | 3.13B |
| Total Liabilities | 382.13B | 322.90B | 204.99B | 185.42B | 171.10B | 142.14B |
| Stockholders Equity | 4.73B | 4.54B | 4.25B | 3.95B | 3.91B | 3.65B |
Cash Flow | ||||||
| Free Cash Flow | 1.05B | 682.20M | 621.36M | 723.04M | 516.97M | 476.12M |
| Operating Cash Flow | 1.13B | 812.10M | 708.60M | 826.07M | 616.49M | 543.71M |
| Investing Cash Flow | -432.60M | -387.70M | -37.07M | 157.91M | -122.58M | -4.22B |
| Financing Cash Flow | -344.80M | -495.10M | -441.67M | -522.21M | -282.37M | 3.84B |
Euronext NV Technical Analysis
Positive
145.80
Price Trends
138.62
Positive
130.85
Positive
129.49
Positive
Market Momentum
1.13
Negative
63.48
Neutral
62.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:ENX, the sentiment is Positive. The current price of 145.8 is above the 20-day moving average (MA) of 139.77, above the 50-day MA of 138.62, and above the 200-day MA of 129.49, indicating a bullish trend. The MACD of 1.13 indicates Negative momentum. The RSI at 63.48 is Neutral, neither overbought nor oversold. The STOCH value of 62.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:ENX.
Euronext NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €15.03B | 18.24 | 14.94% | 2.30% | 13.29% | 11.72% | |
72 Outperform | €17.63B | 3.90 | 14.33% | 6.07% | 9.60% | 21.79% | |
66 Neutral | €2.75B | 4.87 | 14.39% | 3.03% | -2.23% | 20.83% | |
64 Neutral | €17.48B | 6.85 | 10.95% | 2.35% | 1.67% | -3.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | €862.68M | -0.69 | 319.82% | ― | -16.46% | 93.72% | |
41 Neutral | €714.20M | -0.08 | -142.62% | ― | -13.00% | -1655.41% |
* General Sector Average
FR:ENX
Euronext NV
149.40
4.10
2.82%
FR:AMUN
Amundi SA
87.00
17.52
25.21%
FR:ATO
Atos SE
45.22
7.72
20.59%
FR:CAP
Capgemini SE
104.25
-44.95
-30.13%
FR:SOP
Sopra Steria
142.20
-45.03
-24.05%
FR:WLN
Worldline
0.35
-0.96
-73.34%
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.