INTERCONTINENTAL EXCHANGE IN (ICE) Fundamental Analysis & Valuation
NYSE:ICE • US45866F1049
164.05 USD
+0.05 (+0.03%)
Last: Mar 6, 2026, 02:01 PM
This ICE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
ICE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 238 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. ICE Profitability Analysis
1.1 Basic Checks
- In the past year ICE was profitable.
- In the past year ICE had a positive cash flow from operations.
- Each year in the past 5 years ICE has 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 of 2.42%. This is comparable to the rest of the industry: ICE outperforms 47.06% of its industry peers.
- ICE has a better Return On Equity (11.46%) than 66.81% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 7.19%, ICE is in the better half of the industry, outperforming 79.41% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for ICE is in line with the industry average of 7.26%.
- The last Return On Invested Capital (7.19%) for ICE is above the 3 year average (6.57%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 11.46% | ||
| ROIC | 7.19% |
ROA(3y)2.05%
ROA(5y)1.8%
ROE(3y)10.21%
ROE(5y)10.97%
ROIC(3y)6.57%
ROIC(5y)6.56%
1.3 Margins
- Looking at the Profit Margin, with a value of 26.23%, ICE is in the better half of the industry, outperforming 66.39% of the companies in the same industry.
- In the last couple of years the Profit Margin of ICE has remained more or less at the same level.
- Looking at the Operating Margin, with a value of 39.55%, ICE is in the better half of the industry, outperforming 71.01% of the companies in the same industry.
- In the last couple of years the Operating Margin of ICE has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 78.57%, ICE belongs to the top of the industry, outperforming 84.45% of the companies in the same industry.
- ICE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.55% | ||
| PM (TTM) | 26.23% | ||
| GM | 78.57% |
OM growth 3Y0.71%
OM growth 5Y0.77%
PM growth 3Y20.45%
PM growth 5Y0.69%
GM growth 3Y1.26%
GM growth 5Y1.42%
2. ICE Health Analysis
2.1 Basic Checks
- ICE has less shares outstanding than it did 1 year ago.
- ICE has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for ICE has been reduced compared to a year ago.
2.2 Solvency
- ICE has an Altman-Z score of 0.95. This is a bad value and indicates that ICE is not financially healthy and even has some risk of bankruptcy.
- ICE has a Altman-Z score (0.95) which is in line with its industry peers.
- The Debt to FCF ratio of ICE is 5.07, which is a neutral value as it means it would take ICE, 5.07 years of fcf income to pay off all of its debts.
- ICE's Debt to FCF ratio of 5.07 is fine compared to the rest of the industry. ICE outperforms 69.75% of its industry peers.
- ICE has a Debt/Equity ratio of 0.68. This is a neutral value indicating ICE is somewhat dependend on debt financing.
- ICE has a better Debt to Equity ratio (0.68) than 61.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 5.07 | ||
| Altman-Z | 0.95 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- ICE has a Current Ratio of 1.02. This is a normal value and indicates that ICE is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 1.02, ICE is in line with its industry, outperforming 45.80% of the companies in the same industry.
- A Quick Ratio of 1.02 indicates that ICE should not have too much problems paying its short term obligations.
- ICE has a Quick ratio (1.02) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 |
3. ICE Growth Analysis
3.1 Past
- ICE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.50%, which is quite good.
- ICE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.03% yearly.
- Looking at the last year, ICE shows a small growth in Revenue. The Revenue has grown by 7.47% in the last year.
- ICE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.92% yearly.
EPS 1Y (TTM)14.5%
EPS 3Y9.39%
EPS 5Y9.03%
EPS Q2Q%12.5%
Revenue 1Y (TTM)7.47%
Revenue growth 3Y9.47%
Revenue growth 5Y8.92%
Sales Q2Q%7.79%
3.2 Future
- The Earnings Per Share is expected to grow by 11.95% on average over the next years. This is quite good.
- The Revenue is expected to grow by 6.72% on average over the next years.
EPS Next Y9.06%
EPS Next 2Y10.35%
EPS Next 3Y11.23%
EPS Next 5Y11.95%
Revenue Next Year7.32%
Revenue Next 2Y6.59%
Revenue Next 3Y6.23%
Revenue Next 5Y6.72%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. ICE Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 23.60, the valuation of ICE can be described as rather expensive.
- 68.07% of the companies in the same industry are cheaper than ICE, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 26.69, ICE is valued at the same level.
- The Price/Forward Earnings ratio is 21.64, which indicates a rather expensive current valuation of ICE.
- Based on the Price/Forward Earnings ratio, ICE is valued a bit more expensive than the industry average as 60.92% of the companies are valued more cheaply.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.79, ICE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.6 | ||
| Fwd PE | 21.64 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than the industry average as 74.37% of the companies are valued more expensively.
- 61.34% of the companies in the same industry are more expensive than ICE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.07 | ||
| EV/EBITDA | 16.91 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The decent profitability rating of ICE may justify a higher PE ratio.
PEG (NY)2.6
PEG (5Y)2.61
EPS Next 2Y10.35%
EPS Next 3Y11.23%
5. ICE Dividend Analysis
5.1 Amount
- ICE has a Yearly Dividend Yield of 1.28%. Purely for dividend investing, there may be better candidates out there.
- ICE's Dividend Yield is slightly below the industry average, which is at 6.33.
- ICE's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
5.2 History
- The dividend of ICE is nicely growing with an annual growth rate of 10.05%!
- ICE has paid a dividend for at least 10 years, which is a reliable track record.
- ICE has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.05%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
- 33.33% of the earnings are spent on dividend by ICE. This is a low number and 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.
DP33.33%
EPS Next 2Y10.35%
EPS Next 3Y11.23%
ICE Fundamentals: All Metrics, Ratios and Statistics
NYSE:ICE (3/6/2026, 2:01:06 PM)
164.05
+0.05 (+0.03%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)04-29 2026-04-29/bmo
Inst Owners94.47%
Inst Owner Change11.28%
Ins Owners0.9%
Ins Owner Change-1.73%
Market Cap93.16B
Revenue(TTM)12.64B
Net Income(TTM)3.31B
Analysts80.95
Price Target200.65 (22.31%)
Short Float %1.4%
Short Ratio2.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.28% |
Yearly Dividend1.94
Dividend Growth(5Y)10.05%
DP33.33%
Div Incr Years12
Div Non Decr Years12
Ex-Date03-17 2026-03-17 (0.52)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.32%
Min EPS beat(2)1.24%
Max EPS beat(2)5.39%
EPS beat(4)3
Avg EPS beat(4)1.96%
Min EPS beat(4)-0.05%
Max EPS beat(4)5.39%
EPS beat(8)5
Avg EPS beat(8)0.99%
EPS beat(12)8
Avg EPS beat(12)1.44%
EPS beat(16)10
Avg EPS beat(16)1.29%
Revenue beat(2)1
Avg Revenue beat(2)-0.57%
Min Revenue beat(2)-1.27%
Max Revenue beat(2)0.12%
Revenue beat(4)1
Avg Revenue beat(4)-0.57%
Min Revenue beat(4)-1.27%
Max Revenue beat(4)0.12%
Revenue beat(8)1
Avg Revenue beat(8)-0.93%
Revenue beat(12)1
Avg Revenue beat(12)-0.96%
Revenue beat(16)5
Avg Revenue beat(16)7.05%
PT rev (1m)3.91%
PT rev (3m)2.58%
EPS NQ rev (1m)4.77%
EPS NQ rev (3m)5.39%
EPS NY rev (1m)0.05%
EPS NY rev (3m)-0.24%
Revenue NQ rev (1m)5.51%
Revenue NQ rev (3m)5.88%
Revenue NY rev (1m)1.61%
Revenue NY rev (3m)1.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.6 | ||
| Fwd PE | 21.64 | ||
| P/S | 7.37 | ||
| P/FCF | 24.07 | ||
| P/OCF | 19.98 | ||
| P/B | 3.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.91 |
EPS(TTM)6.95
EY4.24%
EPS(NY)7.58
Fwd EY4.62%
FCF(TTM)6.82
FCFY4.16%
OCF(TTM)8.21
OCFY5%
SpS22.26
BVpS50.92
TBVpS-30.08
PEG (NY)2.6
PEG (5Y)2.61
Graham Number89.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.42% | ||
| ROE | 11.46% | ||
| ROCE | 9.47% | ||
| ROIC | 7.19% | ||
| ROICexc | 7.3% | ||
| ROICexgc | 55.5% | ||
| OM | 39.55% | ||
| PM (TTM) | 26.23% | ||
| GM | 78.57% | ||
| FCFM | 30.63% |
ROA(3y)2.05%
ROA(5y)1.8%
ROE(3y)10.21%
ROE(5y)10.97%
ROIC(3y)6.57%
ROIC(5y)6.56%
ROICexc(3y)6.68%
ROICexc(5y)6.7%
ROICexgc(3y)83.33%
ROICexgc(5y)66.03%
ROCE(3y)8.67%
ROCE(5y)8.63%
ROICexgc growth 3Y20.8%
ROICexgc growth 5Y-0.21%
ROICexc growth 3Y3.14%
ROICexc growth 5Y3.78%
OM growth 3Y0.71%
OM growth 5Y0.77%
PM growth 3Y20.45%
PM growth 5Y0.69%
GM growth 3Y1.26%
GM growth 5Y1.42%
F-Score7
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 5.07 | ||
| Debt/EBITDA | 2.99 | ||
| Cap/Depr | 50.71% | ||
| Cap/Sales | 6.26% | ||
| Interest Coverage | 6.54 | ||
| Cash Conversion | 71.08% | ||
| Profit Quality | 116.77% | ||
| Current Ratio | 1.02 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z | 0.95 |
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)46.63%
Cap/Depr(5y)46.29%
Cap/Sales(3y)5.86%
Cap/Sales(5y)5.5%
Profit Quality(3y)128.58%
Profit Quality(5y)132.8%
High Growth Momentum
Growth
EPS 1Y (TTM)14.5%
EPS 3Y9.39%
EPS 5Y9.03%
EPS Q2Q%12.5%
EPS Next Y9.06%
EPS Next 2Y10.35%
EPS Next 3Y11.23%
EPS Next 5Y11.95%
Revenue 1Y (TTM)7.47%
Revenue growth 3Y9.47%
Revenue growth 5Y8.92%
Sales Q2Q%7.79%
Revenue Next Year7.32%
Revenue Next 2Y6.59%
Revenue Next 3Y6.23%
Revenue Next 5Y6.72%
EBIT growth 1Y13.28%
EBIT growth 3Y10.24%
EBIT growth 5Y9.76%
EBIT Next Year19.96%
EBIT Next 3Y11.02%
EBIT Next 5Y10.22%
FCF growth 1Y0.36%
FCF growth 3Y8.01%
FCF growth 5Y9.39%
OCF growth 1Y1.15%
OCF growth 3Y9.47%
OCF growth 5Y10.1%
INTERCONTINENTAL EXCHANGE IN / ICE FAQ
What is the fundamental rating for ICE stock?
ChartMill assigns a fundamental rating of 5 / 10 to ICE.
Can you provide the valuation status for INTERCONTINENTAL EXCHANGE IN?
ChartMill assigns a valuation rating of 3 / 10 to INTERCONTINENTAL EXCHANGE IN (ICE). This can be considered as Overvalued.
What is the profitability of ICE stock?
INTERCONTINENTAL EXCHANGE IN (ICE) has a profitability rating of 7 / 10.
What are the PE and PB ratios of INTERCONTINENTAL EXCHANGE IN (ICE) stock?
The Price/Earnings (PE) ratio for INTERCONTINENTAL EXCHANGE IN (ICE) is 23.6 and the Price/Book (PB) ratio is 3.22.
What is the expected EPS growth for INTERCONTINENTAL EXCHANGE IN (ICE) stock?
The Earnings per Share (EPS) of INTERCONTINENTAL EXCHANGE IN (ICE) is expected to grow by 9.06% in the next year.