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Short term moves and recent performance

Deutsche Börse (XTRA:DB1) stock has seen mixed short term moves, with a slight decline of around 0.2% over the past day but a small gain over the past week.

Over the past month the share price is down about 1.4%, while over the past 3 months it is up roughly 1.4%. Year to date, the stock shows a gain of about 12.6%.

Looking further back, the total return is down around 7.8% over the past year, while the 3 year and 5 year total returns are around 53.5% and 87.9%, respectively.

See our latest analysis for Deutsche Börse.

At a share price of €246.4, Deutsche Börse has seen its 1 year total shareholder return move down, while the year to date share price return remains solid. This suggests that momentum has softened following a stronger multi year run.

If you want to see where capital is moving next, broaden your search with a screener focused on 101 top founder-led companies

With Deutsche Börse trading at €246.4 and sitting at a discount to some intrinsic and analyst estimates, the key question is whether the current price still undervalues its strengths or if the market is already accounting for future growth.

Most Popular Narrative: 14.3% Undervalued

Deutsche Börse's most followed narrative places fair value at about €287.5, compared with the recent €246.4 share price, framing the current discount in valuation terms.

Ongoing expansion into high-margin, recurring software and data services (via SimCorp, Axioma, and ISS STOXX) and the growth of SaaS/ARR revenues, especially outside the core European region, will diversify and stabilize group earnings, reduce reliance on cyclical trading fees, and support elevated net margins.

Read the complete narrative.

Curious what earnings mix and margin profile are baked into that fair value, and how they link to a premium future P/E and discount rate assumptions.

Result: Fair Value of €287.5 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this depends on continued investor inflows and smooth execution. Weaker European sentiment or higher costs could quickly challenge the premium earnings narrative.

Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page.

Story Continues

Another Way To Look At Valuation

While the SWS DCF model points to fair value of €292.47, the current P/E of 21.8x is higher than both the German Capital Markets industry at 14.9x and the peer average at 19.8x, and also above the fair ratio of 20.8x. That richer multiple can limit upside if sentiment cools.

To see what the numbers say about this price in more detail, take a look at the valuation breakdown in the See what the numbers say about this price — find out in our valuation breakdown.XTRA:DB1 P/E Ratio as at Jun 2026

Next Steps

If the mix of discounts and premiums here feels mixed, that is the point; the picture is not one sided. Act quickly, review the details yourself and see how the bullish angles stack up in the 4 key rewards

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If Deutsche Börse has you thinking harder about valuation, do not stop here. Broaden your watchlist and let high quality filters do the heavy lifting.

Target potential mispricings by running through the 198 high quality undervalued stocks and see which stocks currently trade below estimated fair value with solid fundamentals. Prioritize resilience by scanning the 270 resilient stocks with low risk scores so you focus on companies with more stable risk profiles instead of reacting to headlines. Spot potential future leaders early by checking the screener containing 505 high quality undiscovered gems before the crowd starts paying attention to them.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include DB1.DE.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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VANCOUVER, BRITISCH-KOLUMBIEN - 9. Juni 2026 (NEWMEDIAWIRE) - Lexston Mining Corporation (die "Gesellschaft" oder "Lexston") (CSE: LEXT) (OTCQB: LEXTF) (Deutsche Börse Frankfurt: L75) freut sich, die Beauftragung von Dentons Delany Inc., einer Anwaltskanzlei, in Guyana bekannt zu geben.

Dentons Delany wird folgende Dienstleistungen für Lexston erbringen:

Einbringung der lokalen Gesellschaft in Guyana. Erteilung der Steueridentifikationsnummer für die lokale Gesellschaft. Registrierung bei der Nationalen Versicherungsanstalt. Allgemeine Beratung zu den Gesetzen und Praktiken des Bergbausektors in Guyana.

"Als Lexston weiterhin weltweit Mineralexplorationsmöglichkeiten bewertet, freuen wir uns, potenzielle Möglichkeiten in Guyana zu erkunden", sagte Jag Bal, CEO von Lexston. "Die Beauftragung von Dentons Delany, einer hoch angesehenen Kanzlei, markiert einen wichtigen Schritt in unserer Bewertung potenzieller Mineralvorräte in Guyana, insbesondere als das Management am 15. Juni dorthin reisen wird, um sich über mögliche Bergbauprojekte zu informieren und diese zu besuchen."

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LEVERKUSEN, DEUTSCHLAND - 4. Juni 2026 (NEWMEDIAWIRE) - Elmos Semiconductor SE (FSE: ELG), ein führender globaler Anbieter von automobilen gemischten Signal-Semikonduktoren, wird ab dem 22. Juni 2026 in den MDAX aufgenommen. Deutsche Börse hat dies gestern Abend als Teil ihrer regelmäßigen Überprüfung der Zusammensetzung der DAX-Auswahlindizes bekannt gegeben. Mit dieser Aufnahme rangiert Elmos unter den 50 größten öffentlich handelbaren mittelgroßen Unternehmen in Deutschland basierend auf freier Float-Marktkapitalisierung.

"Die Aufnahme in den MDAX ist ein wichtiger Meilenstein in der Unternehmensgeschichte von Elmos. Diese Promotion bestätigt die erfolgreiche Entwicklung unseres Unternehmens, unsere konsistent starke operative Leistung und das Vertrauen der Investoren in unsere langfristigen Perspektiven," sagt Dr. Arne Schneider, CEO von Elmos Semiconductor SE.

In addition to the MDAX, Elmos continues to be listed in the TecDAX.

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This article first appeared on GuruFocus.

Net Revenue Growth: 12% growth without treasury results. Total Net Revenue: Increased by 9% to EUR1.64 billion. EBITDA: Increased by 10% to over EUR1 billion, with a margin of 61%. Treasury Results: EUR204 million, marking the first sequential increase since 2024. Operating Costs: Increased by 4% to EUR626 million, including EUR13 million of exceptional costs. Software Solutions Revenue: 16% annual recurring revenue growth. Trading and Clearing Revenue: 14% growth without treasury results. Fund Services Revenue: 14% growth without treasury results. Security Services Revenue: 15% growth without treasury results. Dividend: EUR4.20 per share. Share Buyback Program: EUR500 million, with 42% executed to date.

Warning! GuruFocus has detected 5 Warning Sign with DBOEF. Is DBOEF fairly valued? Test your thesis with our free DCF calculator.

Release Date: April 28, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

Deutsche Boerse AG (DBOEF) reported a 12% net revenue growth without treasury results, driven by secular trends and heightened market activity. The company demonstrated broad-based strengths across its portfolio, achieving double-digit net revenue growth in five of its eight business areas. The strategic investment of USD 200 million in Kraken positions Deutsche Boerse AG (DBOEF) to capitalize on the growing digital assets market. The company's treasury results showed a positive inflection, reaching EUR 204 million, marking the first sequential increase since 2024. Deutsche Boerse AG (DBOEF) reaffirmed its ambitious full-year 2026 guidance, supported by strong Q1 performance and structural growth drivers.

Negative Points

The treasury results were previously impacted by cyclical headwinds, although they are now subsiding. Activity levels have moderated across most asset classes in April, following heightened market volatility in March. The ESG and index business faced headwinds from prolonged sales cycles and FX impacts, with only 5% constant currency net revenue growth. The short-term interest rate derivatives market share was under pressure from heightened competition. The digital assets segment, while promising, currently contributes negligible revenue growth compared to other business areas.

Q & A Highlights

Q: Can you provide insights on the strong margin in securities and fund services and the upgraded treasury result guidance? A: Jens Schulte, Chief Financial Officer, explained that the margin reflects growth and product mix, and it's not advisable to extrapolate current levels into the future. The treasury result guidance was increased based on the rates outlook, assuming no rate cuts in the US and a further rate hike in the Eurozone, leading to a guidance of above EUR700 million.

Story Continues

Q: Could you elaborate on the strong progress in EEX and the contribution from newer countries? A: Jens Schulte noted growth in both power and gas submarkets, driven by derivatives and spot markets, respectively. Internationally, Japan is a significant contributor with a higher single-digit million euro amount annually, and there are early preparations in Brazil.

Q: How is the pipeline for IMS, and could AI developments affect the sales cycle? A: Stephan Leithner, Chief Executive Officer, stated that the pipeline remains strong with ARR growth of 16% in Q1. AI developments are not slowing the sales cycle; instead, they are enhancing client engagement and strategic discussions.

Q: What is the timeline for the Allfunds acquisition, and what milestones should we expect? A: Stephan Leithner mentioned ongoing work with the European Commission and other regulatory authorities, with more clarity expected in late H2. The acquisition is on track for completion in H1 2027.

Q: Can you discuss the impact of AI on efficiency and client workflows in IMS? A: Jens Schulte highlighted that AI contributes to the 3% cost growth target, improving efficiency compared to historical levels. Stephan Leithner added that AI is enhancing client workflows, particularly in middle office environments, with a comprehensive roadmap available from the SimCorp Global Summit.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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Wondering whether Deutsche Börse at €265.30 is offering value right now, or if the recent strength already reflects what is on the table for investors? The stock has returned 3.7% over the past week, 10.4% over the last month, 21.2% year to date, but shows a 4.0% loss over the past year. This mix can leave the current price looking either appealing or stretched, depending on your expectations. Recent news around market structure, regulation, and exchange consolidation has kept major exchange operators like Deutsche Börse in focus, as investors weigh the role of large platforms in global capital markets. This context is important when considering how much growth or risk is already reflected in the share price. Simply Wall St currently gives Deutsche Börse a valuation score of 1 out of 6. The sections ahead break down how different valuation approaches view the stock and then finish with a way to interpret valuation that goes beyond any single metric.

Deutsche Börse scores just 1/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: Deutsche Börse Excess Returns Analysis

The Excess Returns model looks at how much value a company can create above the return that shareholders require. In simple terms, it compares the return generated on equity to the cost of that equity and then projects how long those extra profits can be sustained.

For Deutsche Börse, the model uses a Book Value of €62.12 per share and a Stable EPS of €13.31 per share, based on weighted future Return on Equity estimates from 8 analysts. The Average Return on Equity is 17.37%, while the Cost of Equity is €4.76 per share. That gap feeds into an Excess Return of €8.54 per share.

The analysis also uses a Stable Book Value of €76.62 per share, based on estimates from 7 analysts, to extend those excess returns into the future. Pulling all this together, the Excess Returns model arrives at an intrinsic value of about €266.95 per share, which is roughly 0.6% above the recent share price of €265.30. That suggests a result that is very close to market pricing.

Result: ABOUT RIGHT

Deutsche Börse is fairly valued according to our Excess Returns, but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act.DB1 Discounted Cash Flow as at Apr 2026

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Deutsche Börse.

Story Continues

Approach 2: Deutsche Börse Price vs Earnings

For a consistently profitable company, the P/E ratio is a useful way to relate what you pay per share to the earnings that support that price. Higher growth expectations or lower perceived risk can justify a higher P/E, while slower growth, more cyclicality, or higher risk usually point to a lower “normal” multiple.

Deutsche Börse currently trades on a P/E of 24.22x. This sits above both the Capital Markets industry average P/E of 14.73x and a peer average of 18.35x, which suggests investors are currently paying a higher price for each euro of earnings than for many comparable groups.

Simply Wall St’s Fair Ratio for Deutsche Börse is 22.11x. This is a proprietary estimate of what the P/E might be given factors such as earnings growth, industry, profit margin, market cap and key risks. Because it adjusts for these company specific drivers, it can provide a more tailored reference point than a simple comparison with industry or peer averages.

With the actual P/E of 24.22x sitting above the Fair Ratio of 22.11x by more than 0.10, the multiples suggest the shares are trading at a premium to that fair level.

Result: OVERVALUEDXTRA:DB1 P/E Ratio as at Apr 2026

P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 98 top founder-led companies.

Upgrade Your Decision Making: Choose your Deutsche Börse Narrative

Earlier it was mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St’s Community page let you attach a clear story to your numbers by linking your view on Deutsche Börse’s future revenue, earnings and margins to a forecast and a fair value. You can then compare that fair value to today’s price, have it update automatically when news or earnings arrive, and accommodate very different viewpoints. For example, one investor might build a higher fair value around a €311.0 scenario with stronger clearing and data revenue, while another uses a more cautious €235.0 view that stresses cost and regulatory risks. These narratives can sit side by side so you can see exactly which assumptions you agree with.

Do you think there's more to the story for Deutsche Börse? Head over to our Community to see what others are saying!XTRA:DB1 1-Year Stock Price Chart

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include DB1.DE.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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STORY: From Circle's views of a yuan-backed stablecoin... to why World Liberty Financial's early investors could be restricted... This is Crypto Weekly.:: Crypto Weekly:: Circle eyes yuan-backed stablecoinCircle Internet Group says it sees "tremendous opportunity" for yuan-backed stablecoin.The comments came from Circle's CEO - who runs the world's largest regulated stablecoin issuer.Jeremy Allaire said China wants to expand the yuan's role in the global financial system.And that stablecoins have emerged as a way to "export" a currency by making it easier for global payments.:: Hong Kong's stablecoin licensesHong Kong has issued its first licenses for fiat-backed stablecoins.The Hong Kong Monetary Authority said on Friday it had approved HSBC and a joint venture by Standard Chartered...to issue stablecoins backed by the Hong Kong dollar under the city's new stablecoin regime.:: Deutsche Boerse's stake in KrakenGerman exchange operator Deutsche Boerse has said it had acquired a $200 million stake in U.S.-based cryptocurrency exchange Kraken.The investment is being made through the acquisition of existing shares as part of a secondary market transaction.And results in a fully diluted stake of 1.5 %.:: World Liberty Financial's early investorsWorld Liberty Financial, the crypto venture co-founded by President Trump and his sons, released a new proposal this week...that would prevent early investors from trading tokens for two years - followed by an additional two-year vesting period.The measure will be subjected to a vote in one week.It means early investors holding 17 billion tokens won’t have the ability to trade all of their tokens until 2030...A year after the president is scheduled to leave office.

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April 14 (Reuters) - German exchange operator Deutsche Boerse said on Tuesday that it had acquired ‌a 200 million dollar stake in US-based ‌cryptocurrency exchange Kraken.

The investment is being made through the acquisition of ​existing shares as part of a secondary market transaction and results in a fully diluted stake of 1.5 %, Deutsche Boerse said.

Deutsche Boerse and Kraken initially announced ‌a partnership in the ⁠field of crypto in December 2025.

According to Deutsche Boerse, the investment deepens that ⁠partnership, now encompassing regulated crypto, tokenized markets and derivatives, as well as enhanced liquidity for institutional clients ​across geographies.

In ​March 2025, Deutsche Boerse ​announced that it would ‌offer crypto custody and settlement services via Clearstream. In 2024, it launched its own crypto trading platform.

Mainstream exchanges have been increasingly making investments and partnerships in the crypto world. The parent company of the ‌New York Stock Exchange invested ​in crypto exchange OKX in ​March and Nasdaq announced ​a collaboration with Kraken's parent company ‌in the same month.

In March, ​Kraken became ​the first digital asset bank to receive a master account at the U.S. Federal Reserve, prompting ​concerns about transparency ‌and potential financial stability risks.

(Reporting by Simon ​Ferdinand Eibach and Elizabeth Howcroft, Editing by Friederike ​Heine and Linda Pasquini)

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JPMorgan hebt Kurs auf Circle an – Optimismus trotz zunehmendem Wettbewerb

JPMorgan-Analysten haben am Donnerstag den Kurs auf Circle auf „Überwiegend Kaufen“ (Overweight) gesetzt und argumentieren, dass die fundamentalen Aspekte des Stablecoin-Emittenten besser werden. Nach besseren als erwartet Q3-Ergebnissen wurde der Jahresendekurs für 2026 von 94 auf 100 US-Dollar pro Aktie angehoben.

Der Fokus liegt auf dem Wachstumspotenzial von Circles Arc-Netzwerk, das speziell für Stablecoins entwickelt wurde. JPMorgan hebt eine „Pipeline potenziell großer Partnerschaften“ hervor, darunter das Interesse von Deutschen Borse und Finistra, was auf hohe Nachfrage nach Arc-Funktionen hindeutet.

Circles beeindruckende Reserven – 9,1 Milliarden US-Dollar am Ende des dritten Quartals, im Vergleich zu 1,1 Milliarden US-Dollar vor einem Jahr – stärken die positive Sichtweise. Die Bank erwartet, dass die USDC-Adoption mit diesem Wachstum steigt und höhere Gewinnmargen erzielt werden. Das Interesse von Visa an Arc verstärkt diese positiven Signale.

Circle erwägt die Ausgabe eines Tokens für Arc, ähnlich wie Coinbase bei seinem Ethereum-Layer-2-Skalierungsnetzwerk Base, um seine Infrastruktur weiter zu monetarisieren. Die Analysten räumen ein, dass der Wettbewerb hoch ist, aber halten Circles Dominanz aufgrund der zunehmenden Bedeutung regulatorischer Compliance für stabil.

Allerdings warnt die Bank vor einem „Winner-take-most“-Szenario und betont die Notwendigkeit für Circle, sein Netzwerk schnell auszubauen, um Vertrauen zu schaffen. Die Zunahme neuer Stablecoins und die fortlaufende Innovation erhöhen die Unsicherheit. Circles Aktienkurs hat sich aufgrund der erhöhten Aktiendurchlaufquote verschlechtert, und die Analysten bleiben vorsichtig optimistisch.

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Euronext-CEO Stephane Boujnah hat Interesse an der Deutschen Börse signalisiert, falls diese zum Verkauf angeboten würde, als Reaktion auf den Aufruf des deutschen Bundeskanzlers Merz zur Schaffung einer pan-europäischen Börse. Er hatte bereits Anfang dieses Jahr erklärt, dass er offen für den Erwerb der Londoner Börse sei, zeitgleich mit der Ankündigung von Euronext über eine 250-Millionen-Euro-Aktienrückkauf nach einer Überraschend guten Profitsteigerung. Er sprach mit Bloomberg's Kriti Gupta und Guy Johnson aus Rom.

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Die Kommission untersucht, ob eine Gruppe illegale Aktivitäten begangen hat, insbesondere im Hinblick auf die Manipulation der Nachfrage, die Koordinierung von Preisen und den Austausch vertraulicher Geschäftsgeheimnisse.

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