Subscribe

Deutsche Börse AG (DB1.DE)

EUR250.40 -6.00 (-2.34%)
DE XETRA Financial Services Financial - Data & Stock Exchanges
Address The Cube 65760
Eschborn, DE
CEO Stephan Leithner
Website deutsche-boerse.com
IPO 2001-02-05
ISIN DE0005810055

Explore sections of this company profile

Also trades on Deutsche Börse · DB1.DE (EUR) Other OTC · DBOEF (USD) Other OTC · DBOEY (USD) Swiss Exchange · DB1.SW (CHF)
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, dedicated to commodities; 360T, handling foreign exchange; Xetra, for cash equities; Clearstream, specializing in post-trading services; IFS, providing investment fund services; and Qontigo, its index and analytics business. The company facilitates the electronic trading of various assets, including derivatives, electricity and gas products, emission allowances, and foreign currencies. It also oversees the Eurex Repo over-the-counter (OTC) trading platform and sophisticated electronic clearing systems. Deutsche Börse acts as a central counterparty for a broad spectrum of instruments, such as on- and off-exchange derivatives, repurchase agreements, and both OTC and exchange-traded derivatives, as well as equities and bonds. Within the cash market, it manages prominent trading venues like Xetra, Börse Frankfurt, and Tradegate, and provides listing services. Beyond trading, the group offers comprehensive post-trade solutions, including securities custody and settlement, investment fund administration, global securities financing, and collateral management services. This also encompasses support for secured money market, repo, and securities lending transactions. Furthermore, Deutsche Börse engages in information services and technology. It develops and markets financial indices, along with advanced software for portfolio management and risk analysis. The company licenses trading and market data signals, provides technology and reporting solutions to external clients, and enables the interconnection of trading participants. Founded in 1585, Deutsche Börse AG is headquartered in Eschborn, Germany.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
Loading risk profile…
Price Chart
Averages
Trend
Price
Levels
Draw
EUR250.40 -6.00 (-2.34%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
423.3K
Beta
0.28
Float Shares
182.23M
Free Float %
100.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.24% -3.24% -5.35% +6.54% +7.42% +12.80% -12.66% +51.25% +85.19% +212.59% +1,227.61%
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
vs.
Loading histogram data…

Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
250.40
DCF (Unlevered) 425.37 +69.9%
DCF (Levered) 520.32 +107.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 69% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 7 0
Hold 4 -3
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.14
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • ✓
    Revenue growth Financial - Data & Stock Exchanges: +11.9%
    +5.6% Q1'26: +8.5% (vs Q1'25)
  • ✓
    EPS growth Financial - Data & Stock Exchanges: +19.9%
    +3.0% Q1'26: +12.2% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Financial - Data & Stock Exchanges: +25.6%
    +33.5% ★ Q1'26: +0.0% (vs Q1'25)
  • ✓
    EBIT margin Financial - Data & Stock Exchanges: +51.8%
    +40.6% Q1'26: +43.6% (vs Q1'25)
  • ✓
    ROIC Financial - Data & Stock Exchanges: +13.5%
    +347.0% ★ Q1'26: -1.1% (vs Q1'25)
  • ✓
    Share dilution Financial - Data & Stock Exchanges: +0.6%
    -0.6% Q1'26: -0.7% (vs Q1'25)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Financial - Data & Stock Exchanges: -0.36×
    2.32× ★ Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.28) × ERP
WACC = 85% × Ke + 15% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 425.37 Current price: 250.40
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2001
actual 		Dec 2002
actual 		Dec 2003
actual 		Dec 2004
actual 		Dec 2005
actual 		Dec 2006
actual 		Dec 2007
actual 		Dec 2008
actual 		Dec 2009
actual 		Dec 2010
actual 		Dec 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
10 Rev. Ana.
10 EPS Ana. 		Dec 2027
10 Rev. Ana.
10 EPS Ana. 		Dec 2028
9 Rev. Ana.
9 EPS Ana. 		Dec 2029
4 Rev. Ana.
3 EPS Ana.
Revenue
—
est: 824.37M (-100.0%)
1.29B
est: 1.19B (+8.3%)
1.53B
est: 1.51B (+1.6%)
—
est: 1.53B (-100.0%)
—
est: 1.72B (-100.0%)
—
est: 1.96B (-100.0%)
2.50B
est: 2.35B (+6.6%)
2.61B
est: 2.65B (-1.6%)
2.04B
est: 2.22B (-8.3%)
2.02B
est: 2.19B (-8.1%)
2.31B
est: 2.31B (+0.0%)
2.20B
est: 2.15B (+2.0%)
2.20B
est: 2.11B (+3.8%)
2.39B
est: 2.34B (+1.7%)
2.47B
est: 2.42B (+2.0%)
2.64B
est: 2.45B (+7.7%)
2.78B
est: 2.47B (+12.6%)
3.10B
est: 2.77B (+12.1%)
3.30B
est: 2.99B (+10.6%)
3.72B
est: 3.25B (+14.2%)
4.36B
est: 3.63B (+20.2%)
5.23B
est: 4.29B (+21.9%)
6.10B
est: 6.63B (-8.1%)
7.02B
est: 5.83B (+20.4%)
7.42B
est: 6.07B (+22.2%)
6.49B
6.38B – 6.57B
+7.0% YoY
6.77B
6.64B – 6.94B
+4.3% YoY
7.16B
7.16B – 7.17B
+5.8% YoY
7.65B
7.51B – 7.80B
+6.8% YoY
EBITDA
469.70M
est: 404.32M (+16.2%)
726.90M
est: 605.02M (+20.1%)
864.50M
est: 770.59M (+12.2%)
29.60M
est: 732.96M (-96.0%)
22.60M
est: 811.45M (-97.2%)
1.26B
est: 989.10M (+27.4%)
1.72B
est: 1.39B (+23.1%)
1.73B
est: 1.67B (+4.0%)
1.34B
est: 1.33B (+0.7%)
1.16B
est: 1.06B (+9.5%)
1.38B
est: 985.06M (+40.2%)
1.06B
est: 1.15B (-8.6%)
862.50M
est: 777.78M (+10.9%)
1.14B
est: 749.43M (+52.7%)
1.08B
est: 1.20B (-9.9%)
1.25B
est: 939.52M (+32.5%)
1.53B
est: 1.67B (-8.1%)
1.45B
est: 1.49B (-2.9%)
1.69B
est: 1.38B (+22.6%)
1.89B
est: 1.75B (+8.2%)
2.07B
est: 1.83B (+13.4%)
2.57B
est: 1.99B (+29.2%)
2.98B
est: 3.21B (-6.9%)
3.42B
est: 2.82B (+21.5%)
3.51B
est: 2.93B (+19.8%)
3.14B
3.08B – 3.18B
+7.0% YoY
3.27B
3.21B – 3.36B
+4.3% YoY
3.46B
3.46B – 3.47B
+5.8% YoY
3.70B
3.63B – 3.77B
+6.8% YoY
EBIT
373.20M
est: 347.32M (+7.5%)
497.10M
est: 463.79M (+7.2%)
589.00M
est: 476.01M (+23.7%)
29.60M
est: 453.46M (-93.5%)
22.60M
est: 506.74M (-95.5%)
1.13B
est: 799.69M (+41.1%)
1.59B
est: 1.23B (+29.0%)
1.60B
est: 1.53B (+4.5%)
773.20M
est: 1.23B (-37.3%)
576.60M
est: 633.98M (-9.1%)
1.29B
est: 542.57M (+137.7%)
950.40M
est: 1.08B (-12.1%)
743.70M
est: 951.51M (-21.8%)
1.02B
est: 783.14M (+30.2%)
940.60M
est: 1.20B (-21.4%)
1.11B
est: 897.14M (+23.7%)
1.37B
est: 1.14B (+20.1%)
1.24B
est: 1.51B (-17.9%)
1.46B
est: 1.30B (+12.2%)
1.63B
est: 1.59B (+2.1%)
1.78B
est: 1.67B (+6.7%)
2.21B
est: 1.81B (+22.0%)
2.57B
est: 2.75B (-6.8%)
2.93B
est: 2.42B (+21.0%)
3.01B
est: 2.52B (+19.6%)
2.69B
2.65B – 2.73B
+7.0% YoY
2.81B
2.75B – 2.88B
+4.3% YoY
2.97B
2.97B – 2.97B
+5.8% YoY
3.18B
3.12B – 3.24B
+6.8% YoY
Net Income
203.70M
est: 186.11M (+9.5%)
235.10M
est: 295.97M (-20.6%)
246.30M
est: 298.90M (-17.6%)
266.10M
est: 249.25M (+6.8%)
427.40M
est: 298.33M (+43.3%)
666.00M
est: 490.93M (+35.7%)
914.90M
est: 803.10M (+13.9%)
1.05B
est: 1.03B (+2.1%)
471.20M
est: 866.82M (-45.6%)
395.10M
est: 489.45M (-19.3%)
855.20M
est: 439.65M (+94.5%)
645.00M
est: 799.73M (-19.3%)
478.40M
est: 633.10M (-24.4%)
762.30M
est: 507.11M (+50.3%)
665.50M
est: 901.92M (-26.2%)
1.27B
est: 638.14M (+99.4%)
874.30M
est: 1.31B (-33.3%)
824.30M
est: 963.05M (-14.4%)
1.00B
est: 870.40M (+15.3%)
1.08B
est: 1.10B (-2.1%)
1.21B
est: 1.15B (+4.9%)
1.49B
est: 1.25B (+19.3%)
1.72B
est: 1.80B (-4.4%)
1.95B
est: 1.99B (-1.9%)
2.00B
est: 2.06B (-2.9%)
2.23B
2.17B – 2.40B
+8.3% YoY
2.37B
2.33B – 2.55B
+6.3% YoY
2.59B
2.58B – 2.93B
+9.5% YoY
3.18B
3.10B – 3.26B
+22.8% YoY
SGA
—
est: 8.14M (-100.0%)
—
est: 162.73M (-100.0%)
—
est: 396.16M (-100.0%)
-29.60M
est: 439.90M (-106.7%)
-22.60M
est: 509.20M (-104.4%)
-17.90M
est: 623.26M (-102.9%)
—
est: 668.11M (-100.0%)
—
est: 821.47M (-100.0%)
—
est: 502.66M (-100.0%)
—
est: 565.91M (-100.0%)
33.60M
est: 932.97M (-96.4%)
35.30M
est: 811.23M (-95.6%)
46.40M
est: 528.96M (-91.2%)
37.60M
est: 604.10M (-93.8%)
36.90M
est: 731.54M (-95.0%)
29.70M
est: 651.66M (-95.4%)
32.80M
est: 721.79M (-95.5%)
38.40M
est: 845.52M (-95.5%)
35.20M
est: 872.73M (-96.0%)
37.20M
est: 892.88M (-95.8%)
45.00M
est: 934.07M (-95.2%)
52.60M
est: 1.01B (-94.8%)
59.30M
est: 52.18M (+13.6%)
64.90M
est: 45.89M (+41.4%)
—
est: 47.75M (-100.0%)
51.11M
50.20M – 51.74M
+7.0% YoY
53.29M
52.22M – 54.64M
+4.3% YoY
56.38M
56.35M – 56.41M
+5.8% YoY
60.24M
59.10M – 61.38M
+6.8% YoY
EPS
2.04
est: 1.01 (+101.9%)
2.18
est: 1.11 (+96.3%)
2.20
est: 1.24 (+78.1%)
2.38
est: 1.25 (+90.2%)
4.22
est: 2.01 (+109.8%)
3.36
est: 3.31 (+1.4%)
4.70
est: 4.39 (+7.1%)
5.42
est: 5.44 (-0.3%)
2.67
est: 3.63 (-26.5%)
2.25
est: 3.68 (-38.9%)
4.60
est: 4.56 (+0.9%)
3.44
est: 3.67 (-6.4%)
2.60
est: 3.40 (-23.5%)
4.14
est: 3.72 (+11.2%)
3.60
est: 4.11 (-12.4%)
6.81
est: 4.24 (+60.5%)
4.68
est: 4.62 (+1.4%)
4.46
est: 5.32 (-16.2%)
5.47
est: 5.97 (-8.4%)
5.89
est: 6.42 (-8.2%)
6.59
est: 6.67 (-1.1%)
8.14
est: 8.08 (+0.8%)
9.35
est: 9.79 (-4.5%)
10.60
est: 10.60 (+0.0%)
10.90
est: 11.08 (-1.6%)
12.42
11.83 – 13.11
+12.0% YoY
13.29
12.72 – 13.91
+7.0% YoY
14.81
14.08 – 15.99
+11.4% YoY
17.37
16.94 – 17.80
+17.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-28 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-27 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-26 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-25 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-22 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-21 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-20 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-19 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-18 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-15 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-14 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-13 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-12 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-11 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-08 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-07 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-05-06 B- 3/5 4/5 5/5 3/5 1/5 1/5 1/5
2026-05-05 B- 3/5 4/5 5/5 3/5 1/5 1/5 1/5
2026-05-04 B 3/5 5/5 5/5 3/5 1/5 1/5 1/5
2026-04-30 B- 3/5 4/5 5/5 3/5 1/5 1/5 1/5
2026-04-29 B+ 3/5 5/5 5/5 3/5 2/5 2/5 1/5
2026-04-28 B+ 3/5 5/5 5/5 3/5 2/5 2/5 1/5
2026-04-27 B+ 3/5 5/5 5/5 3/5 2/5 2/5 1/5
2026-04-24 B+ 3/5 5/5 5/5 3/5 2/5 2/5 1/5
2026-04-23 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-04-22 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-04-21 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-04-20 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-04-17 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5
2026-04-15 B+ 3/5 5/5 5/5 4/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
54.70M
OE per share TTM
0.30
Owner's Yield
0.12%
Maintenance CapEx ratio
0.83%
Maint CapEx / Avg PPE
7.7%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
312.8K
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
1
+0 vs prev Q
New positions
0
Closed positions
0
Increased
0
Reduced
0
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
# Investor ⇅ Shares / Δ ⇅ Mkt value / Δ ⇅ Own% / Δ ⇅ Weight% / Δ ⇅ Avg px / Perf. ⇅ Hold / Status ⇅
1 GENERALI INVESTMENTS CEE, INVESTICNI SPOLECNOST, A.S. 1.1K +— (+0.0%) 280.8K -7.3K (-2.5%) 0.00% +0.000 pp 0.02% -0.002 pp EUR265.85 -15.9% 4 qtrs —
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
207.4K
Shares Outstanding
182.11M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Stephan Leithner Chief Executive Officer, MD & Chairman of the Executive Board 4M —
Jens Schulte Chief Financial Officer & Member of Executive Board 3M —
Christian Peter Kromann Member of the Executive Board 2M male
Stephanie Eckermann Member of the Executive Board 2M —
Heike Eckert Director of Labor Relations & Member of Executive Board 2M female
Christoph Bohm Chief Information Officer, Chief Operating Officer & Member of the Executive Board 2M —
Thomas Book Member of Executive Board 2M —
Marc Peter Klein Managing Director Group Compliance — male
Lee Bartholomew Head of Derivatives Product R&D Fixed Income for Eurex Product Development — male
Jan Strecker Head of Investor Relations — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

Share your view on this stock and instantly see how the community has voted over the last 6 months.

These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

Related companies

Largest companies in Financial - Data & Stock Exchanges