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Recent

v0.1
NDAQ$92.81+0.31%
Fair $34.45-62.9%

NDAQ

Nasdaq, Inc.

Financial Services / Financial Data & Stock ExchangesNasdaqGS

$92.81

+0.29 (+0.31%)

Significantly Overvalued-62.9%Fair Value $34.45Fund rank 38/100 · PassSEC 18/18 yrs|
SA 50/C
F-Score: 8/9
Significantly Overvalued

Book/ROE base 3Y

$45.97

-20.9% CAGR · P/B 1.6x

Book/ROE base 5Y

$55.62

-9.7% base · -8.7% expected

Precio de entrada

$26.08

MOS 17% · confianza 91%

Book/ROE escenarios

audited · book/share $21.13 · quality 58.0/100

Pass 38/100
Bear 5Y$19.81-26.6%
Base 5Y$55.62-9.7%
Bull 5Y$104.35+2.4%
Return 0/100Downside 6/100Model quality 86/100Data QA 100/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

50/100

C

Piotroski

8/9

balance/quality

Valuation

0/100

-62.9% upside

5Y CAGR

-8.7%

15/100

Data QA

90/100

SEC 100%

Latest source: sec-companyfactsPeriods: 18Warnings: 1sec-companyfacts: 18
Generic DCF/FCF bypassed: financial balance-sheet sector valued with a sector-specific Book/ROE model. Estimated downside of 62.9% from current price
Thesis & Journal · NDAQLocal privado en este navegador · Nasdaq, Inc.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$52.5B

P/E

29.5x

↑

EV/EBITDA

20.0x

↑

ROE

14.6%

↑

Gross Margin

63.5%

↑

Debt/Equity

0.74

↑
52-Week Range$93
$77$102

TradingView lightweight chart

NDAQ price, volumen y niveles de valoración

Último $92.81Periodo +1756.2%
Buy zone: $26.08Bear 5Y: $19.81Fair value: $34.45Base 5Y: $55.62Bull 5Y: $104.35

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2008–2025 · 17 años de histórico normalizado

Revenue CAGR

+4.9%

FCF CAGR

+15.9%

FCF margin

24.1%

FCF / Net income

1.11x

Latest source

SEC-backed

Margin decomposition

Último año: revenue $8.26B · net income $1.79B · FCF $1.99B

2008-FY → 2025-FY

Gross margin

63.5%+23.5% pts

Operating margin

28.2%+10.7% pts

Net margin

21.6%+13.0% pts

FCF margin

24.1%+19.7% pts
SEC-backed annual metrics active for 2025, 2024, 2023, 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011, 2010, 2009, 2008. Local SEC Companyfacts override Yahoo/FMP for audited annual line items; provider-only fields remain as fallback.
MetricTTM
2025SEC
2024SEC
2023SEC
2022SEC
2021SEC
2020SEC
2019SEC
2018SEC
2017SEC
2016SEC
2015SEC
2014SEC
2013SEC
2012SEC
2011SEC
2010SEC
2009SEC
2008SEC
Income Statement
Revenue$8.26B$8.26B$7.40B$6.06B$6.23B$5.89B$5.63B$4.26B$4.28B$3.95B$3.70B$3.40B$3.50B$3.21B$3.12B$3.44B$3.19B$3.41B$3.65B
Net Income$1.79B$1.79B$1.12B$1.06B$1.13B$1.19B$933.0M$774.0M$458.0M$729.0M$106.0M$428.0M$414.0M$385.0M$352.0M$387.0M$395.0M$266.0M$314.0M
EBITDA$3.13B$3.13B$2.46B$2.00B$1.85B$1.55B$1.33B$1.11B$1.13B$1.09B$924.0M$796.0M$822.0M$747.0M$742.0M$750.0M$677.0M$650.0M$733.0M
EPS3.093.091.932.082.262.351.864.632.734.300.632.502.392.252.042.151.911.251.55
Gross Margin63.5%63.5%62.8%64.2%57.5%58.1%51.6%59.5%59.1%61.1%61.4%61.4%59.1%59.0%53.7%49.2%47.5%42.6%40.0%
Operating Margin28.2%28.2%24.3%26.0%25.1%24.5%21.9%23.9%24.0%25.1%22.6%21.2%21.5%21.4%22.1%20.2%19.8%17.7%17.5%
Net Margin21.6%21.6%15.1%17.5%18.1%20.2%16.6%18.2%10.7%18.5%2.9%12.6%11.8%12.0%11.3%11.3%12.4%7.8%8.6%
Balance Sheet
Debt/Equity0.740.740.850.970.880.910.860.600.700.720.660.420.400.430.380.430.490.42—
Current Ratio1.001.00—————————————————
Cash Flow
Free Cash Flow$1.99B$1.99B$1.73B$1.54B$1.55B$920.0M$1.06B$836.0M$917.0M$765.0M$642.0M$594.0M——$507.0M$581.0M$398.0M$523.0M$161.0M
Returns
ROE14.6%14.6%10.0%9.8%18.3%18.6%14.5%13.7%8.4%12.4%2.0%7.6%7.1%6.2%6.8%7.8%8.4%5.4%7.3%
Valuation
P/E29.4529.4547.1643.7540.2738.7348.9319.6633.3421.17144.4636.4038.0840.4544.6142.3347.6572.8158.72
EV/EBITDA19.9819.9822.1919.4019.45——————————————
P/B4.314.314.714.287.377.197.082.692.802.622.832.782.722.523.023.293.983.96—
Growth & Yield
Revenue Growth11.6%11.6%22.0%-2.6%5.8%4.6%32.1%-0.4%8.3%6.6%8.8%-2.8%9.0%2.9%-9.2%7.7%-6.4%-6.5%—
EPS Growth60.1%60.1%-7.2%-8.0%-3.8%26.3%-59.8%69.6%-36.5%582.5%-74.8%4.6%6.2%10.3%-5.1%12.6%52.8%-19.4%—
Dividend Yield1.2%1.2%—————————————————

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

38.6%

muy exigente

EPS terminal req.

$8.24

Spread vs growth

21.5%

5Y implied EPS CAGR

26.4%

muy exigente

EPS terminal req.

$9.96

Spread vs growth

33.7%

10Y implied EPS CAGR

17.9%

exigente

EPS terminal req.

$16.05

Spread vs growth

42.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +12.3%

Total return

+12.3%

Start / end P/E

43.3x → 30.0x

EPS bridge

1.93 → 3.09

Residual

-18.4%

EPS growth+60.1%
Multiple rerating-30.6%
Dividend+1.2%
Residual / FX / buybacks / cross-term-18.4%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.