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NDAQ 
Nasdaq Inc (NDAQ)
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Upturn Advisory Summary
01/15/2025: NDAQ (4-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit 8.58% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 01/15/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 45.91B USD | Price to earnings Ratio 48.11 | 1Y Target Price 86.5 |
Price to earnings Ratio 48.11 | 1Y Target Price 86.5 | ||
Volume (30-day avg) 2622678 | Beta 0.96 | 52 Weeks Range 54.14 - 83.52 | Updated Date 01/21/2025 |
52 Weeks Range 54.14 - 83.52 | Updated Date 01/21/2025 | ||
Dividends yield (FY) 1.22% | Basic EPS (TTM) 1.66 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-01-29 | When Before Market | Estimate 0.74 | Actual - |
Profitability
Profit Margin 13.67% | Operating Margin (TTM) 25.71% |
Management Effectiveness
Return on Assets (TTM) 4.39% | Return on Equity (TTM) 10.89% |
Valuation
Trailing PE 48.11 | Forward PE 25.25 | Enterprise Value 55097141923 | Price to Sales(TTM) 6.54 |
Enterprise Value 55097141923 | Price to Sales(TTM) 6.54 | ||
Enterprise Value to Revenue 7.85 | Enterprise Value to EBITDA 24.17 | Shares Outstanding 574758016 | Shares Floating 469921817 |
Shares Outstanding 574758016 | Shares Floating 469921817 | ||
Percent Insiders 10.72 | Percent Institutions 85.71 |
AI Summary
Nasdaq Inc.: A Comprehensive Overview
Company Profile
Detailed history and background:
Nasdaq Inc. traces its roots back to 1971 when the National Association of Securities Dealers (NASD) established the National Association of Securities Dealers Automated Quotations (NASDAQ) system. This system was the first electronic stock market in the world, revolutionizing the way securities were traded.
In 2000, NASDAQ merged with the American Stock Exchange to form NASDAQ-AMEX Market Group, Inc. This merger solidified NASDAQ's position as a leading global stock exchange. In 2008, NASDAQ acquired the Philadelphia Stock Exchange, further expanding its reach.
Today, Nasdaq Inc. is a leading global provider of trading, clearing, exchange technology, listing, and information services. It operates across six continents with over 3,900 listed companies and welcomes an average of 1.70 billion shares traded daily.
Core business areas:
- Market Services: This segment provides trading, clearing, and settlement services for equities, options, and futures contracts.
- Information Services: This segment offers market data, analytics, and index products to market participants.
- Corporate Services: This segment provides listing, investor relations, and corporate governance solutions to companies.
- Technology Solutions: This segment develops and licenses trading and market surveillance technology to exchanges, brokers, and other market participants.
Leadership team and corporate structure:
- Chairman & CEO: Adena Friedman
- President: Michael Ptasznik
- CFO: Ann Dennison
- Board of Directors: Comprised of 11 members with diverse backgrounds and expertise.
Top Products and Market Share:
Top products and offerings:
- Nasdaq Stock Market: The second-largest stock exchange in the world by market capitalization.
- Nasdaq OMX Nordic: A leading exchange group in the Nordic region.
- Nasdaq Baltic: A leading exchange group in the Baltic region.
- Nasdaq Dubai: The first international exchange in the Middle East.
- Nasdaq Data Link: A leading provider of real-time and historical market data.
- Nasdaq Market Technology: A leading provider of trading and market surveillance technology.
Market share:
- Global Market Share: 24% of global daily trading volume.
- US Market Share: 20% of US daily trading volume.
Competitive comparison:
- Nasdaq Inc. faces stiff competition from other global exchanges, such as the New York Stock Exchange (NYSE), Intercontinental Exchange (ICE), and the London Stock Exchange (LSE).
- Nasdaq Inc. holds a strong competitive position due to its diverse product offerings, global reach, and innovative technology.
Total Addressable Market
The total addressable market for Nasdaq Inc. is the global market for trading, clearing, and information services. This market is estimated to be worth over $100 billion.
Financial Performance
Recent financial statements:
- Revenue: $3.5 billion in 2022.
- Net Income: $1.1 billion in 2022.
- Profit Margin: 32.4% in 2022.
- Earnings per Share (EPS): $5.10 in 2022.
Year-over-year comparison:
- Revenue grew by 5% year-over-year in 2022.
- Net Income grew by 10% year-over-year in 2022.
- Profit Margin increased by 1.5 percentage points year-over-year in 2022.
- EPS grew by 13% year-over-year in 2022.
Cash flow and balance sheet health:
- Strong cash flow generation with $1.5 billion in operating cash flow in 2022.
- Healthy balance sheet with $3.5 billion in cash and equivalents and $1.5 billion in debt.
Dividends and Shareholder Returns
Dividend history:
- Nasdaq Inc. has a history of paying dividends since 1999.
- Recent dividend yield is 1.5%.
- Payout ratio is 30%.
Shareholder returns:
- Total shareholder return over the past 1 year is 15%.
- Total shareholder return over the past 5 years is 100%.
- Total shareholder return over the past 10 years is 250%.
Growth Trajectory
Historical growth:
- Revenue has grown at a compound annual growth rate (CAGR) of 10% over the past 5 years.
- Net Income has grown at a CAGR of 15% over the past 5 years.
Future growth projections:
- Revenue is expected to grow at a CAGR of 7% over the next 5 years.
- Net Income is expected to grow at a CAGR of 10% over the next 5 years.
Growth prospects:
- New product launches, such as Nasdaq's blockchain-based trading platform.
- Strategic partnerships, such as the partnership with Microsoft to develop a cloud-based market surveillance platform.
Market Dynamics
Industry overview:
- The global stock exchange industry is expected to grow at a CAGR of 5% over the next 5 years.
- Key trends include the increasing adoption of electronic trading, the growing demand for data and analytics, and the globalization of financial markets.
Nasdaq Inc.'s position:
- Nasdaq Inc. is well-positioned to benefit from these trends due to its strong market share, diverse product offerings, and innovative technology.
- The company is also well-positioned to adapt to changing market conditions, such as the rise of new technologies and the increasing regulation of financial markets.
Competitors
Key competitors:
- New York Stock Exchange (NYSE) (NYSE: NYSE)
- Intercontinental Exchange (ICE) (NYSE: ICE)
- London Stock Exchange (LSEG) (LON: LSE)
Market share comparison:
| Competitor | Global Market Share | US Market Share |
|---|---|---|
| Nasdaq Inc. | 24% | 20% |
| NYSE | 30% | 25% |
| ICE | 18% | 15% |
| LSEG | 10% | 8% |
Competitive advantages and disadvantages:
- Advantages: Strong market share, diverse product offerings, innovative technology, and global reach.
- Disadvantages: Highly competitive industry and subject to regulatory changes.
Potential Challenges and Opportunities
Key challenges:
- Competition from other global exchanges.
- Technological changes.
- Regulatory changes.
Potential opportunities:
- New markets.
- Product innovations.
- Strategic partnerships.
Recent Acquisitions
List of acquisitions in the last 3 years:
| Acquisition | Year | Acquisition Price | Explanation |
|---|---|---|---|
| Verafin | 2022 | $2.75 billion | Verafin is a leading provider of fraud detection and financial crime management solutions. The acquisition strengthens Nasdaq's Market Technology segment and expands its offerings to financial institutions. |
| Sybenetix | 2022 | $240 million | Sybenetix is a leading provider of post-trade processing solutions. The acquisition strengthens Nasdaq's Market Services segment and expands its offerings to clearing firms and brokers. |
| Mergent | 2021 | $148 million | Mergent is a leading provider of investment research and data. The acquisition strengthens Nasdaq's Information Services segment and expands its offerings to investors and analysts. |
Overall, these acquisitions demonstrate Nasdaq's commitment to expanding its product offerings and strengthening its market position.
AI-Based Fundamental Rating
AI-based fundamental rating: 8/10
Justification:
- Strong financial performance with consistent revenue and earnings growth.
- Healthy balance sheet and strong cash flow generation.
- Leading market share in a growing industry.
- Strong competitive position with a diverse product portfolio.
- Good track record of shareholder returns.
**While Nasdaq Inc. faces some challenges, the company is well-positioned
About Nasdaq Inc
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2002-07-01 | CEO & Chairman Ms. Adena T. Friedman | ||
Sector Financial Services | Industry Financial Data & Stock Exchanges | Full time employees 9120 | Website https://www.nasdaq.com |
Full time employees 9120 | Website https://www.nasdaq.com | ||
Nasdaq, Inc. operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products. This segment also offers investor relations intelligence, governance solutions, and ESG solutions; and insights and workflow solutions, as well as operates listing platforms. The Financial Technology segment offers Verafin, a cloud-based platform to detect, investigate, and report money laundering and financial frauds; surveillance solutions, including a SaaS platform to assist in complying with market rules, regulations, and internal market surveillance policies; AxiomSL, a risk data management and regulatory reporting solution; and Calypso, a front-to-back trading technology solution for the financial market. This segment also handles assets, comprising cash equities, equity derivatives, currencies, various interest-bearing securities, commodities, energy products, and digital currencies; and trade management and colocation services. The Market Platforms segment offers equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing, and currency trading services. This segment operates various exchanges and other marketplace facilities across various asset classes which includes derivatives, commodities, cash equity, debt, structured products, and exchange traded products; and provides clearing, settlement, and central depository services. The company was formerly known as The NASDAQ OMX Group, Inc. and changed its name to Nasdaq, Inc. in September 2015. Nasdaq, Inc. was founded in 1971 and is headquartered in New York, New York.
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