Valuation
26% of the score
36median 13
Nasdaq, Inc. is valued at 19.1x its operating profit before acquisition amortisation (EBITA), including debt: a rich multiple.
25x
20x
15x
10x
6x
19.1x
Full points at 6x or less, none from 25xfull points
NDAQNasdaq, Inc.
$92.61+0.32% 1Y
$92.61
$78.4852 weeks$100.30
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 51 out of 100, Average
Today's price. Only valuation depends on it.
Average. Nasdaq, Inc. scores higher than 50% of the 1,794 companies Ryufin scores.
Carried by return on new capital and earnings quality, held back by valuation and return on capital.
Financial Services median 58 · all companies 50
Return on capital
18% of the score
42median 34
Over 7 years the business earned 7.6% a year after tax on the capital it uses.
2%
8%
15%
25%
7.6%
None at 2% or less, full points from 25%full points
7 years agolatest 8.3%
Return on new capital
16% of the score
84median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 9 cents. New capital earned 5.9%, and 156% of profit went back into the business.
-5%
12%
9.2%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
40median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 2.9% a year over 5 years: new shares
265%
-3%
2.9%
0 pointsfull points
Assets against salesAssets grew 12% a year, sales 8%
6012%
-2%
3.6%
0 pointsfull points
Cycle position
12% of the score
53median 62
Today's operating margin of 28% is 1.15x its normal 25%: above its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.1x
A trough earns points, a peak costs themfull points
10 years agonow 28%
Balance sheet
8% of the score
42median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA3x a year of EBITDA
384.5x
0.5x
3x
0 pointsfull points
Interest coverOperating profit covers interest 6x
461.5x
12x
6.4x
0 pointsfull points
Earnings quality
6% of the score
84median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.49x profit over 3 years
1000.7x
1x
1.3x
1.5x
0 pointsfull points
AccrualsCash ran ahead of profit by 1.5% of assets
688%
0%
-8%
-1.5%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there.
On our screens:Stocks that buy back more than they dilute
Financial Services
Ranks #36 of 52 by RyuScore