LS4C (London Stock Exchange Group PLC) vs DAX Index Comparison

LS4C

DAX Index

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LS4C

DAX Index

Difference

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LS4C

DAX Index

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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DAX Index

LS4C

SPGI

MCO

ICE

CME

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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London Stock Exchange Group PLC
Glance View

Market Cap

72.3B EUR

Industry

Financial Services

In the heart of global finance, London Stock Exchange Group PLC stands as a venerable powerhouse, intricately weaving together financial markets across continents. Born out of the historic London Stock Exchange and the merging of numerous significant players in the financial services industry, this conglomerate plays a pivotal role in the trading of equities, debt, derivatives, and a wealth of other securities. Its profound legacy is augmented by its adoption of technology and data analytics, which have catapulted it from a traditional stock exchange to a cutting-edge financial infrastructure and data company. The modern-day LSEG isn't just about facilitating buying and selling securities but also delivering an extensive range of services that cater to investment professionals, thereby knitting together a vast network of market participants worldwide. Driven by a diversified business model, LSEG draws its revenue from several strategic streams. It operates one of the world's foremost trading venues, raking in significant transaction and listing fees from companies eager to access the global pool of capital. Beyond trade facilitation, it generates income by providing indispensable market data and analytics solutions, especially after its strategic acquisition of Refinitiv. This arm caters to the insatiable demand for real-time financial information and insights, enabling firms to make data-driven decisions. The company’s risk management and clearing services also stand as critical components of its revenue structure, ensuring reliability and transparency for market participants. What truly underpins LSEG's success is its ability to harness synergies across these varied segments, creating a comprehensive ecosystem that supports and propels the global financial industry forward.

View LS4C Analysis

LS4C Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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US	CME Group Inc NASDAQ:CME	Add
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CN	East Money Information Co Ltd SZSE:300059	Add
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HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Add
US	Nasdaq Inc NASDAQ:NDAQ	Add
DE	Deutsche Boerse AG XETRA:DB1	Add

US	S&P Global Inc NYSE:SPGI	Select
US	Moody's Corp NYSE:MCO	Select
US	Intercontinental Exchange Inc NYSE:ICE	Select
US	CME Group Inc NASDAQ:CME	Select
US	Coinbase Global Inc NASDAQ:COIN	Select
CN	East Money Information Co Ltd SZSE:300059	Select
US	MSCI Inc NYSE:MSCI	Select
HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Select
US	Nasdaq Inc NASDAQ:NDAQ	Select
DE	Deutsche Boerse AG XETRA:DB1	Select

US	S&P Global Inc NYSE:SPGI	Add
US	Moody's Corp NYSE:MCO	Add
US	Intercontinental Exchange Inc NYSE:ICE	Add
US	CME Group Inc NASDAQ:CME	Add
US	Coinbase Global Inc NASDAQ:COIN	Add
CN	East Money Information Co Ltd SZSE:300059	Add
US	MSCI Inc NYSE:MSCI	Add
HK	Hong Kong Exchanges and Clearing Ltd HKEX:388	Add
US	Nasdaq Inc NASDAQ:NDAQ	Add
DE	Deutsche Boerse AG XETRA:DB1	Add

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US	G	GE Vernova LLC NYSE:GEV	Add
NL	N	Nepi Rockcastle NV JSE:NRP	Add
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US	B	Baker Hughes Co NASDAQ:BKR	Add
ID		Amman Mineral Internasional Tbk PT IDX:AMMN	Add
US	R	Reddit Inc NYSE:RDDT	Add
CH	G	Galderma Group AG SIX:GALD	Add
US		Halliburton Co NYSE:HAL	Add
IN		Jio Financial Services Ltd NSE:JIOFIN	Add

	Franklin Covey Co NYSE:FC	36.53 USD -1.43%
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	ASGN Inc NYSE:ASGN	85.77 USD 0.85%
	Skyworks Solutions Inc NASDAQ:SWKS	90.4275 USD 1.78%
	Weatherford International PLC NASDAQ:WFRD	73.9 USD 1.21%

LS4C

vs

DAX Index

Stocks Performance
LS4C vs DAX Index

Performance Gap
LS4C vs DAX Index

Performance By Year
LS4C vs DAX Index

Competitors Performance
London Stock Exchange Group PLC vs Peers

London Stock Exchange Group PLC
Glance View

Company

Help

Tools

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	Johnson & Johnson NYSE:JNJ	144.03 USD -0.11%
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LS4C vs DAX Index

Stocks Performance LS4C vs DAX Index

Performance Gap LS4C vs DAX Index

Performance By Year LS4C vs DAX Index

Competitors Performance London Stock Exchange Group PLC vs Peers

London Stock Exchange Group PLC Glance View

Company

Help

Tools

Stocks

LS4C

vs

DAX Index

Stocks Performance
LS4C vs DAX Index

Performance Gap
LS4C vs DAX Index

Performance By Year
LS4C vs DAX Index

Competitors Performance
London Stock Exchange Group PLC vs Peers

London Stock Exchange Group PLC
Glance View