INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
USA - NYSE:ICE - US45866F1049 - Common Stock
172.78 USD
+0.53 (+0.31%)
Taking everything into account, ICE scores 5 out of 10 in our fundamental rating. ICE was compared to 237 industry peers in the Capital Markets industry. While ICE belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ICE is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ICE had positive earnings in the past year.
ICE had a positive operating cash flow in the past year.
In the past 5 years ICE has always been profitable.
ICE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
ICE has a Return On Assets (2.08%) which is in line with its industry peers.
The Return On Equity of ICE (10.56%) is better than 60.76% of its industry peers.
ICE has a Return On Invested Capital of 7.54%. This is amongst the best in the industry. ICE outperforms 80.17% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ICE is in line with the industry average of 7.61%.
The 3 year average ROIC (6.58%) for ICE is below the current ROIC(7.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 10.56% | ||
| ROIC | 7.54% |
ROA(3y)1.49%
ROA(5y)1.64%
ROE(3y)8.51%
ROE(5y)10.82%
ROIC(3y)6.58%
ROIC(5y)6.59%
1.3 Margins
The Profit Margin of ICE (23.92%) is better than 62.45% of its industry peers.
ICE's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 38.18%, ICE is doing good in the industry, outperforming 67.93% of the companies in the same industry.
ICE's Operating Margin has declined in the last couple of years.
ICE's Gross Margin of 77.17% is amongst the best of the industry. ICE outperforms 82.70% of its industry peers.
In the last couple of years the Gross Margin of ICE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.18% | ||
| PM (TTM) | 23.92% | ||
| GM | 77.17% |
OM growth 3Y-1.05%
OM growth 5Y-1.69%
PM growth 3Y-19.12%
PM growth 5Y-4.53%
GM growth 3Y0.41%
GM growth 5Y-0.14%
2. Health
2.1 Basic Checks
Compared to 1 year ago, ICE has about the same amount of shares outstanding.
Compared to 5 years ago, ICE has more shares outstanding
Compared to 1 year ago, ICE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.90, we must say that ICE is in the distress zone and has some risk of bankruptcy.
ICE has a Altman-Z score (0.90) which is comparable to the rest of the industry.
The Debt to FCF ratio of ICE is 4.71, which is a neutral value as it means it would take ICE, 4.71 years of fcf income to pay off all of its debts.
ICE has a Debt to FCF ratio of 4.71. This is in the better half of the industry: ICE outperforms 68.78% of its industry peers.
ICE has a Debt/Equity ratio of 0.63. This is a neutral value indicating ICE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.63, ICE is in the better half of the industry, outperforming 63.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | 0.9 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.01 indicates that ICE should not have too much problems paying its short term obligations.
ICE has a Current ratio (1.01) which is comparable to the rest of the industry.
ICE has a Quick Ratio of 1.01. This is a normal value and indicates that ICE is financially healthy and should not expect problems in meeting its short term obligations.
ICE has a Quick ratio (1.01) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
ICE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.99%, which is quite good.
Measured over the past years, ICE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.42% on average per year.
Looking at the last year, ICE shows a quite strong growth in Revenue. The Revenue has grown by 16.32% in the last year.
The Revenue has been growing by 12.43% on average over the past years. This is quite good.
EPS 1Y (TTM)13.99%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%19.08%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%9.75%
3.2 Future
Based on estimates for the next years, ICE will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.44% on average per year.
ICE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.86% yearly.
EPS Next Y16.04%
EPS Next 2Y13.21%
EPS Next 3Y12.37%
EPS Next 5Y12.44%
Revenue Next Year7.59%
Revenue Next 2Y6.58%
Revenue Next 3Y6.21%
Revenue Next 5Y5.86%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 26.18, which means the current valuation is very expensive for ICE.
Based on the Price/Earnings ratio, ICE is valued a bit more expensive than the industry average as 65.40% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Earnings ratio of 27.20, ICE is valued at the same level.
The Price/Forward Earnings ratio is 22.21, which indicates a rather expensive current valuation of ICE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ICE indicates a slightly more expensive valuation: ICE is more expensive than 60.34% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, ICE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.18 | ||
| Fwd PE | 22.21 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ICE indicates a somewhat cheap valuation: ICE is cheaper than 75.95% of the companies listed in the same industry.
ICE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.25 | ||
| EV/EBITDA | 18.29 |
4.3 Compensation for Growth
ICE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ICE has a very decent profitability rating, which may justify a higher PE ratio.
ICE's earnings are expected to grow with 12.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.63
PEG (5Y)2.78
EPS Next 2Y13.21%
EPS Next 3Y12.37%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.09%.
ICE's Dividend Yield is slightly below the industry average, which is at 7.96.
Compared to an average S&P500 Dividend Yield of 2.38, ICE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
5.2 History
On average, the dividend of ICE grows each year by 10.37%, which is quite nice.
ICE has paid a dividend for at least 10 years, which is a reliable track record.
ICE has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)10.37%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
ICE pays out 35.80% of its income as dividend. This is a sustainable payout ratio.
ICE's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP35.8%
EPS Next 2Y13.21%
EPS Next 3Y12.37%
NYSE:ICE (9/18/2025, 1:17:56 PM)
172.78
+0.53 (+0.31%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.5%
Inst Owner Change-2.25%
Ins Owners0.91%
Ins Owner Change-0.64%
Market Cap98.90B
Analysts80
Price Target208.28 (20.55%)
Short Float %1.11%
Short Ratio2.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.09% |
Yearly Dividend1.81
Dividend Growth(5Y)10.37%
DP35.8%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.6%
Min EPS beat(2)-0.05%
Max EPS beat(2)1.25%
EPS beat(4)2
Avg EPS beat(4)0.27%
Min EPS beat(4)-1.05%
Max EPS beat(4)1.25%
EPS beat(8)5
Avg EPS beat(8)0.95%
EPS beat(12)7
Avg EPS beat(12)0.93%
EPS beat(16)10
Avg EPS beat(16)1.24%
Revenue beat(2)0
Avg Revenue beat(2)-0.57%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)-0.48%
Revenue beat(4)0
Avg Revenue beat(4)-0.91%
Min Revenue beat(4)-1.32%
Max Revenue beat(4)-0.48%
Revenue beat(8)0
Avg Revenue beat(8)-0.99%
Revenue beat(12)2
Avg Revenue beat(12)4.39%
Revenue beat(16)6
Avg Revenue beat(16)10.55%
PT rev (1m)0.46%
PT rev (3m)4.45%
EPS NQ rev (1m)-0.92%
EPS NQ rev (3m)-1.48%
EPS NY rev (1m)0.71%
EPS NY rev (3m)1.11%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.18 | ||
| Fwd PE | 22.21 | ||
| P/S | 7.88 | ||
| P/FCF | 24.25 | ||
| P/OCF | 20.28 | ||
| P/B | 3.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.29 |
EPS(TTM)6.6
EY3.82%
EPS(NY)7.78
Fwd EY4.5%
FCF(TTM)7.12
FCFY4.12%
OCF(TTM)8.52
OCFY4.93%
SpS21.93
BVpS49.69
TBVpS-31.54
PEG (NY)1.63
PEG (5Y)2.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 10.56% | ||
| ROCE | 9.45% | ||
| ROIC | 7.54% | ||
| ROICexc | 7.69% | ||
| ROICexgc | 100.96% | ||
| OM | 38.18% | ||
| PM (TTM) | 23.92% | ||
| GM | 77.17% | ||
| FCFM | 32.48% |
ROA(3y)1.49%
ROA(5y)1.64%
ROE(3y)8.51%
ROE(5y)10.82%
ROIC(3y)6.58%
ROIC(5y)6.59%
ROICexc(3y)6.74%
ROICexc(5y)6.73%
ROICexgc(3y)78.59%
ROICexgc(5y)69.01%
ROCE(3y)8.27%
ROCE(5y)8.38%
ROICexcg growth 3Y38.2%
ROICexcg growth 5Y9.67%
ROICexc growth 3Y0.52%
ROICexc growth 5Y-2.73%
OM growth 3Y-1.05%
OM growth 5Y-1.69%
PM growth 3Y-19.12%
PM growth 5Y-4.53%
GM growth 3Y0.41%
GM growth 5Y-0.14%
F-Score8
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.71 | ||
| Debt/EBITDA | 2.83 | ||
| Cap/Depr | 51.19% | ||
| Cap/Sales | 6.36% | ||
| Interest Coverage | 5.9 | ||
| Cash Conversion | 76.76% | ||
| Profit Quality | 135.8% | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | 0.9 |
F-Score8
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)45.31%
Cap/Depr(5y)47.06%
Cap/Sales(3y)5.44%
Cap/Sales(5y)5.25%
Profit Quality(3y)160.48%
Profit Quality(5y)133.11%
High Growth Momentum
Growth
EPS 1Y (TTM)13.99%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%19.08%
EPS Next Y16.04%
EPS Next 2Y13.21%
EPS Next 3Y12.37%
EPS Next 5Y12.44%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%9.75%
Revenue Next Year7.59%
Revenue Next 2Y6.58%
Revenue Next 3Y6.21%
Revenue Next 5Y5.86%
EBIT growth 1Y14.86%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year23.33%
EBIT Next 3Y12.34%
EBIT Next 5Y9.16%
FCF growth 1Y29.34%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y34.18%
OCF growth 3Y13.85%
OCF growth 5Y11.63%