- Deutsche Boerse raises its full-year EBITDA forecast to above €3.3 billion from previously above €3.2 billion.
- Full-year net revenue is now expected to be above €5.7 billion, up from above €5.6 billion.
- For the second quarter:
- EBITDA reached €848.1 million, a 16% increase year-over-year, beating the estimate of €837.5 million.
- Investment Management Solutions EBITDA was €86.7 million, below the estimate of €101 million.
- Trading & Clearing EBITDA stood at €377.8 million, up 16% year-over-year, surpassing the estimate of €368.1 million.
- Fund Services EBITDA was €68.0 million, a 31% increase year-over-year, above the estimate of €66.4 million.
- Securities Services EBITDA was €315.6 million, a 6% increase year-over-year, exceeding the estimate of €308.4 million.
- Net income totaled €498.6 million, a 13% increase year-over-year, surpassing the estimate of €473 million.
- Basic earnings per share (EPS) was €2.72, compared to €2.41 year-over-year, beating the estimate of €2.54.
- Cash EPS reached €2.91 versus €2.52 year-over-year, above the estimate of €2.77.
- EBIT was €719.9 million, a 12% increase year-over-year, but below the estimate of €742 million.
- Pretax profit stood at €682.3 million, a 7.8% increase year-over-year, slightly below the estimate of €691.3 million.
- Net revenue was €1.45 billion, up 19% year-over-year, exceeding the estimate of €1.44 billion.
- Investment Management Solutions net revenue was €304.0 million, just below the estimate of €307.5 million.
- Trading & Clearing net revenue reached €606.8 million, an 11% increase year-over-year, above the estimate of €595 million.
- Financial Derivatives net revenue was €339.6 million, a 9.9% increase year-over-year, beating the estimate of €330.8 million.
- Commodities net revenue stood at €152.0 million, slightly above the estimate of €151.8 million.
- Cash Equities net revenue was €75.3 million, surpassing the estimate of €71.6 million.
- Fund Services net revenue reached €121.3 million, a 9.7% increase year-over-year, above the estimate of €120 million.
- Securities Services net revenue was €417.4 million, a 4.5% increase year-over-year, above the estimate of €407.2 million.
- Consolidation of SimCorp and secular growth initiatives significantly contributed to organic net revenue growth.
- Analyst Recommendations: 13 buys, 13 holds, and 0 sells.
A look at Deutsche Boerse Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Deutsche Boerse AG, a company providing stock exchange services, receives varying ratings across different factors. With a moderate Value score of 2, the company may not be considered undervalued. However, it boasts a respectable Dividend score of 3, indicating a stable dividend payout. In terms of Growth, Deutsche Boerse is rated well at 4, suggesting potential for future expansion. The company’s highest score of 5 in Resilience highlights its ability to weather market volatility successfully. Additionally, a Momentum score of 4 indicates positive recent performance trends. Overall, Deutsche Boerse appears to have a promising long-term outlook based on these Smartkarma Smart Scores.
Deutsche Boerse AG’s diverse offerings include electronic trading systems and a range of indices like DAX and MDAX. With options and futures trading also part of its services, the company caters to both institutional and private investors in Europe. While specific numerical values are not provided, the combination of its moderate Value, solid Dividend, strong Growth, high Resilience, and positive Momentum scores paints a positive picture for Deutsche Boerse’s future prospects. Investors can potentially consider the company as a reliable player in the stock exchange industry, poised for continued growth and stability over the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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