INTERCONTINENTAL EXCHANGE IN (ICE)
US45866F1049 - Common Stock
ICE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 218 industry peers in the Capital Markets industry. While ICE is still in line with the averages on profitability rating, there are concerns on its financial health. ICE is quite expensive at the moment. 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
The Return On Assets of ICE (1.80%) is comparable to the rest of the industry.
ICE has a Return On Equity (8.92%) which is in line with its industry peers.
The Return On Invested Capital of ICE (6.77%) is better than 75.35% of its industry peers.
ICE had an Average Return On Invested Capital over the past 3 years of 6.77%. This is in line with the industry average of 6.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 8.92% | ||
| ROIC | 6.77% |
ROA(3y)1.53%
ROA(5y)1.66%
ROE(3y)11.15%
ROE(5y)11.07%
ROIC(3y)6.77%
ROIC(5y)7.01%
1.3 Margins
ICE's Profit Margin of 21.31% is in line compared to the rest of the industry. ICE outperforms 57.67% of its industry peers.
ICE's Profit Margin has declined in the last couple of years.
ICE has a better Operating Margin (37.84%) than 63.26% of its industry peers.
ICE's Operating Margin has been stable in the last couple of years.
ICE has a Gross Margin of 80.35%. This is amongst the best in the industry. ICE outperforms 82.33% of its industry peers.
ICE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.84% | ||
| PM (TTM) | 21.31% | ||
| GM | 80.35% |
OM growth 3Y1.68%
OM growth 5Y-0.82%
PM growth 3Y-1.91%
PM growth 5Y-5.47%
GM growth 3Y3.28%
GM growth 5Y0.33%
2. Health
2.1 Basic Checks
The number of shares outstanding for ICE has been increased compared to 1 year ago.
The number of shares outstanding for ICE has been increased compared to 5 years ago.
The debt/assets ratio for ICE is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.88, we must say that ICE is in the distress zone and has some risk of bankruptcy.
ICE has a Altman-Z score (0.88) which is in line with its industry peers.
ICE has a debt to FCF ratio of 6.18. This is a slightly negative value and a sign of low solvency as ICE would need 6.18 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 6.18, ICE is doing good in the industry, outperforming 60.93% of the companies in the same industry.
A Debt/Equity ratio of 0.78 indicates that ICE is somewhat dependend on debt financing.
ICE has a Debt to Equity ratio of 0.78. This is in the better half of the industry: ICE outperforms 60.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 6.18 | ||
| Altman-Z | 0.88 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ICE has a Current Ratio of 1.00. 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 Current ratio of 1.00. This is comparable to the rest of the industry: ICE outperforms 44.65% of its industry peers.
A Quick Ratio of 1.00 indicates that ICE should not have too much problems paying its short term obligations.
ICE has a Quick ratio of 1.00. This is comparable to the rest of the industry: ICE outperforms 44.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
ICE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.95%.
ICE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.42% yearly.
ICE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.55%.
ICE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.55% yearly.
EPS 1Y (TTM)5.95%
EPS 3Y7.67%
EPS 5Y9.42%
EPS Q2Q%6.16%
Revenue 1Y (TTM)18.55%
Revenue growth 3Y6.3%
Revenue growth 5Y9.55%
Sales Q2Q%17.27%
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 10.90% on average per year.
The Revenue is expected to grow by 7.57% on average over the next years.
EPS Next Y9.06%
EPS Next 2Y9.95%
EPS Next 3Y10.59%
EPS Next 5Y10.9%
Revenue Next Year16.83%
Revenue Next 2Y11.26%
Revenue Next 3Y9.52%
Revenue Next 5Y7.57%
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 stable.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 26.93, the valuation of ICE can be described as expensive.
66.05% of the companies in the same industry are cheaper than ICE, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ICE to the average of the S&P500 Index (28.96), we can say ICE is valued inline with the index average.
A Price/Forward Earnings ratio of 23.27 indicates a rather expensive valuation of ICE.
64.19% of the companies in the same industry are cheaper than ICE, based on the Price/Forward Earnings ratio.
ICE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.93 | ||
| Fwd PE | 23.27 |
4.2 Price Multiples
70.70% of the companies in the same industry are more expensive than ICE, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ICE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.48 | ||
| EV/EBITDA | 18.62 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ICE does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of ICE may justify a higher PE ratio.
PEG (NY)2.97
PEG (5Y)2.86
EPS Next 2Y9.95%
EPS Next 3Y10.59%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.15%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 9.01, ICE is paying slightly less dividend.
With a Dividend Yield of 1.15, ICE pays less dividend than the S&P500 average, which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.15% |
5.2 History
On average, the dividend of ICE grows each year by 11.86%, which is quite nice.
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)11.86%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
42.07% of the earnings are spent on dividend by ICE. This is a bit on the high side, but may be sustainable.
ICE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP42.07%
EPS Next 2Y9.95%
EPS Next 3Y10.59%
INTERCONTINENTAL EXCHANGE IN
NYSE:ICE (11/21/2024, 8:04:00 PM)
After market: 158.35 0 (0%)158.35
+2.58 (+1.66%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap90.92B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.15% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.93 | ||
| Fwd PE | 23.27 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.97
PEG (5Y)2.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 8.92% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 37.84% | ||
| PM (TTM) | 21.31% | ||
| GM | 80.35% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)5.95%
EPS 3Y7.67%
EPS 5Y
EPS Q2Q%
EPS Next Y9.06%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)18.55%
Revenue growth 3Y6.3%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y