Added to YB: 2026-05-25
Pitch date: 2026-05-21
ENX.PA [neutral]
Euronext N.V.
Author Info
Lux Opes Research covers European companies. Lots of them. Sign up for the newsletter.
Company Info
Euronext N.V., together with its subsidiaries, operates securities and derivatives exchanges in the Netherlands, France, Italy, Belgium, Portugal, Ireland, the United States, Norway, Denmark, and internationally.
Market Cap
EUR 15.2B
Pitch Price
N/A
Price Target
N/A
Dividend
2.13%
EV/EBITDA
14.51
P/E
22.80
EV/Sales
8.87
Sector
Capital Markets
Category
growth
Euronext (ENX France): volatility cycle meets a stronger structural story
ENX.PA (update): Q1 rev +15.3% YoY, beat by 3%, 8th straight quarter of double-digit growth. Diversification paying off—not just trading spike but post-trade, data, custody growing steadily. Greek exchange strong contributor. EBITDA margin hit record ~65% on operating leverage. Costs below guide, setup for upgrades if H2 volumes hold. Structurally less cyclical now. ~18x NTM P/E, low-teens EPS growth potential with expanding margins.
Read full article (2 min)