INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
NYSE:ICE - New York Stock Exchange, Inc. - US45866F1049 - Common Stock - Currency: USD
Overall ICE gets a fundamental rating of 5 out of 10. We evaluated ICE against 233 industry peers in the Capital Markets industry. ICE has a medium profitability rating, but doesn't score so well on its financial health evaluation. ICE is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
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 1.95%. This is comparable to the rest of the industry: ICE outperforms 45.49% of its industry peers.
ICE has a Return On Equity (9.95%) which is comparable to the rest of the industry.
ICE has a better Return On Invested Capital (7.29%) than 77.25% 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 7.84%.
The last Return On Invested Capital (7.29%) for ICE is above the 3 year average (6.58%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.95% | ||
| ROE | 9.95% | ||
| ROIC | 7.29% |
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
Looking at the Profit Margin, with a value of 22.84%, ICE is in the better half of the industry, outperforming 65.24% of the companies in the same industry.
ICE's Profit Margin has declined in the last couple of years.
ICE's Operating Margin of 37.47% is fine compared to the rest of the industry. ICE outperforms 66.52% of its industry peers.
ICE's Operating Margin has declined in the last couple of years.
The Gross Margin of ICE (77.63%) is better than 82.83% of its industry peers.
ICE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.47% | ||
| PM (TTM) | 22.84% | ||
| GM | 77.63% |
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
The number of shares outstanding for ICE remains at a similar level compared to 1 year ago.
ICE has more shares outstanding than it did 5 years ago.
ICE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.91, we must say that ICE is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.91, ICE is in line with its industry, outperforming 48.93% of the companies in the same industry.
ICE has a debt to FCF ratio of 5.38. This is a neutral value as ICE would need 5.38 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.38, ICE is doing good in the industry, outperforming 65.24% of the companies in the same industry.
A Debt/Equity ratio of 0.64 indicates that ICE is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.64, ICE is doing good in the industry, outperforming 64.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.38 | ||
| Altman-Z | 0.91 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ICE has a Current Ratio of 1.00. This is a bad value and indicates that ICE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 1.00, ICE perfoms like the industry average, outperforming 41.63% of the companies in the same industry.
A Quick Ratio of 1.00 indicates that ICE may have some problems paying its short term obligations.
ICE has a Quick ratio (1.00) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.70% over the past year.
The Earnings Per Share has been growing by 9.42% on average over the past years. This is quite good.
ICE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.13%.
Measured over the past years, ICE shows a quite strong growth in Revenue. The Revenue has been growing by 12.43% on average per year.
EPS 1Y (TTM)10.7%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%16.22%
Revenue 1Y (TTM)19.13%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%7.99%
3.2 Future
The Earnings Per Share is expected to grow by 12.12% on average over the next years. This is quite good.
Based on estimates for the next years, ICE will show a small growth in Revenue. The Revenue will grow by 5.61% on average per year.
EPS Next Y14.77%
EPS Next 2Y12.77%
EPS Next 3Y12.05%
EPS Next 5Y12.12%
Revenue Next Year7.18%
Revenue Next 2Y6.42%
Revenue Next 3Y6.18%
Revenue Next 5Y5.61%
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. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.68, ICE can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of ICE indicates a slightly more expensive valuation: ICE is more expensive than 67.81% of the companies listed in the same industry.
ICE's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.30.
Based on the Price/Forward Earnings ratio of 23.44, the valuation of ICE can be described as rather expensive.
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 62.23% of the companies listed in the same industry.
ICE's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.68 | ||
| Fwd PE | 23.44 |
4.2 Price Multiples
ICE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ICE is cheaper than 73.82% of the companies in the same industry.
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 | 27.54 | ||
| EV/EBITDA | 20.1 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive 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 12.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.94
PEG (5Y)3.04
EPS Next 2Y12.77%
EPS Next 3Y12.05%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.05%. Purely for dividend investing, there may be better candidates out there.
ICE's Dividend Yield is slightly below the industry average, which is at 8.10.
Compared to an average S&P500 Dividend Yield of 2.37, ICE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
5.2 History
The dividend of ICE is nicely growing with an annual growth rate of 10.37%!
ICE has been paying a dividend for at least 10 years, so it has 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 38.04% 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.
DP38.04%
EPS Next 2Y12.77%
EPS Next 3Y12.05%
180.98
-2.11 (-1.15%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.27%
Inst Owner Change-0.01%
Ins Owners0.91%
Ins Owner Change1.57%
Market Cap103.82B
Analysts80
Price Target199.12 (10.02%)
Short Float %1.15%
Short Ratio2.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
Yearly Dividend1.81
Dividend Growth(5Y)10.37%
DP38.04%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.45%
Min EPS beat(2)-0.05%
Max EPS beat(2)0.95%
EPS beat(4)2
Avg EPS beat(4)0.28%
Min EPS beat(4)-1.05%
Max EPS beat(4)1.26%
EPS beat(8)5
Avg EPS beat(8)1.21%
EPS beat(12)7
Avg EPS beat(12)1.09%
EPS beat(16)9
Avg EPS beat(16)1.12%
Revenue beat(2)0
Avg Revenue beat(2)-0.9%
Min Revenue beat(2)-1.32%
Max Revenue beat(2)-0.48%
Revenue beat(4)0
Avg Revenue beat(4)-0.94%
Min Revenue beat(4)-1.32%
Max Revenue beat(4)-0.48%
Revenue beat(8)0
Avg Revenue beat(8)-1.05%
Revenue beat(12)3
Avg Revenue beat(12)7.16%
Revenue beat(16)7
Avg Revenue beat(16)12.07%
PT rev (1m)0.15%
PT rev (3m)2.05%
EPS NQ rev (1m)0.23%
EPS NQ rev (3m)5.22%
EPS NY rev (1m)0%
EPS NY rev (3m)2.35%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)3.35%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)1.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.68 | ||
| Fwd PE | 23.44 | ||
| P/S | 8.52 | ||
| P/FCF | 27.54 | ||
| P/OCF | 22.74 | ||
| P/B | 3.71 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.1 |
EPS(TTM)6.31
EY3.49%
EPS(NY)7.72
Fwd EY4.27%
FCF(TTM)6.57
FCFY3.63%
OCF(TTM)7.96
OCFY4.4%
SpS21.25
BVpS48.77
TBVpS-32.62
PEG (NY)1.94
PEG (5Y)3.04
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.95% | ||
| ROE | 9.95% | ||
| ROCE | 9.11% | ||
| ROIC | 7.29% | ||
| ROICexc | 7.4% | ||
| ROICexgc | 118.33% | ||
| OM | 37.47% | ||
| PM (TTM) | 22.84% | ||
| GM | 77.63% | ||
| FCFM | 30.93% |
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-Score7
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.38 | ||
| Debt/EBITDA | 2.91 | ||
| Cap/Depr | 51.52% | ||
| Cap/Sales | 6.53% | ||
| Interest Coverage | 5.42 | ||
| Cash Conversion | 74.71% | ||
| Profit Quality | 135.42% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.91 |
F-Score7
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)10.7%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%16.22%
EPS Next Y14.77%
EPS Next 2Y12.77%
EPS Next 3Y12.05%
EPS Next 5Y12.12%
Revenue 1Y (TTM)19.13%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%7.99%
Revenue Next Year7.18%
Revenue Next 2Y6.42%
Revenue Next 3Y6.18%
Revenue Next 5Y5.61%
EBIT growth 1Y12.16%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year23.59%
EBIT Next 3Y11.81%
EBIT Next 5Y8.51%
FCF growth 1Y26.21%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y32.31%
OCF growth 3Y13.85%
OCF growth 5Y11.63%