Added to YB: 2025-12-13
Pitch date: 2025-12-11
DB1.DE [neutral]
Deutsche Börse AG
+0.37%
current return
Author Info
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Company Info
Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific.
Market Cap
EUR 40.2B
Pitch Price
EUR 215.60
Price Target
N/A
Dividend
1.82%
EV/EBITDA
14.26
P/E
20.03
EV/Sales
6.42
Sector
Capital Markets
Category
growth
Deutsche Börse (DB1 Germany): building scale and digital depth for the next phase of growth
DB1.DE (update): €4.4bn EBITDA target by 2028 (8% CAGR), 10% cash EPS growth via cost control & €500M annual buybacks. Revenue mix shifting to higher-growth Fund Services & Software (double-digit growth) from trading/clearing. 270bps margin expansion to 61%. Positioned for EU capital markets integration & blockchain adoption. Fair valuation for quality franchise.
Read full article (2 min)