INTERCONTINENTAL EXCHANGE IN (ICE) Fundamental Analysis & Valuation

NYSE:ICE • US45866F1049

Current stock price

152.67 USD
-3.29 (-2.11%)
At close:
152.7 USD
+0.03 (+0.02%)
After Hours:

This ICE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. ICE Profitability Analysis

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.
  • Each year in the past 5 years ICE had a positive operating cash flow.
ICE Yearly Net Income VS EBIT VS OCF VS FCFICE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.42%, ICE is in line with its industry, outperforming 49.79% of the companies in the same industry.
  • ICE has a better Return On Equity (11.46%) than 66.53% of its industry peers.
  • ICE has a Return On Invested Capital of 7.19%. This is in the better half of the industry: ICE outperforms 78.24% 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 7.28%.
  • 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 RankSector 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%
ICE Yearly ROA, ROE, ROICICE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • ICE has a Profit Margin of 26.23%. This is in the better half of the industry: ICE outperforms 68.62% of its industry peers.
  • ICE's Profit Margin has been stable in the last couple of years.
  • ICE's Operating Margin of 39.55% is fine compared to the rest of the industry. ICE outperforms 71.13% of its industry peers.
  • In the last couple of years the Operating Margin of ICE has remained more or less at the same level.
  • With an excellent Gross Margin value of 78.57%, ICE belongs to the best of the industry, outperforming 84.94% of the companies in the same industry.
  • ICE's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
ICE Yearly Profit, Operating, Gross MarginsICE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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4

2. ICE Health Analysis

2.1 Basic Checks

  • ICE has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ICE has more shares outstanding
  • Compared to 1 year ago, ICE has an improved debt to assets ratio.
ICE Yearly Shares OutstandingICE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
ICE Yearly Total Debt VS Total AssetsICE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

2.2 Solvency

  • Based on the Altman-Z score of 0.93, 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 0.93, ICE is in line with its industry, outperforming 54.39% of the companies in the same industry.
  • ICE has a debt to FCF ratio of 5.07. This is a neutral value as ICE would need 5.07 years to pay back of all of its debts.
  • ICE has a Debt to FCF ratio of 5.07. This is in the better half of the industry: ICE outperforms 67.78% 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's Debt to Equity ratio of 0.68 is fine compared to the rest of the industry. ICE outperforms 63.18% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 5.07
Altman-Z 0.93
ROIC/WACCN/A
WACCN/A
ICE Yearly LT Debt VS Equity VS FCFICE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.3 Liquidity

  • A Current Ratio of 1.02 indicates that ICE should not have too much problems paying its short term obligations.
  • ICE has a Current ratio of 1.02. This is comparable to the rest of the industry: ICE outperforms 44.35% of its industry peers.
  • ICE has a Quick 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.
  • ICE has a Quick ratio of 1.02. This is comparable to the rest of the industry: ICE outperforms 44.77% of its industry peers.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 1.02
ICE Yearly Current Assets VS Current LiabilitesICE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

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5

3. ICE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 14.50% over the past year.
  • Measured over the past years, ICE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.03% on average per year.
  • Looking at the last year, ICE shows a small growth in Revenue. The Revenue has grown by 7.47% in the last year.
  • Measured over the past years, ICE shows a quite strong growth in Revenue. The Revenue has been growing by 8.92% on average per year.
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 6.03% on average over the next years.
EPS Next Y10.89%
EPS Next 2Y11.31%
EPS Next 3Y10.89%
EPS Next 5Y11.95%
Revenue Next Year7.79%
Revenue Next 2Y6.66%
Revenue Next 3Y6.33%
Revenue Next 5Y6.03%

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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ICE Yearly Revenue VS EstimatesICE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
ICE Yearly EPS VS EstimatesICE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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3

4. ICE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.97, the valuation of ICE can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of ICE indicates a slightly more expensive valuation: ICE is more expensive than 68.20% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 24.88, ICE is valued at the same level.
  • Based on the Price/Forward Earnings ratio of 19.81, the valuation of ICE can be described as rather expensive.
  • Based on the Price/Forward Earnings ratio, ICE is valued a bit more expensive than 61.92% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, ICE is valued at the same level.
Industry RankSector Rank
PE 21.97
Fwd PE 19.81
ICE Price Earnings VS Forward Price EarningsICE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than 75.73% of the companies in the same industry.
  • 60.67% of the companies in the same industry are more expensive than ICE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 22.4
EV/EBITDA 16.21
ICE Per share dataICE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40

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.
PEG (NY)2.02
PEG (5Y)2.43
EPS Next 2Y11.31%
EPS Next 3Y10.89%

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5

5. ICE Dividend Analysis

5.1 Amount

  • ICE has a Yearly Dividend Yield of 1.31%.
  • Compared to an average industry Dividend Yield of 6.73, ICE is paying slightly less dividend.
  • ICE's Dividend Yield is slightly below the S&P500 average, which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.31%

5.2 History

  • The dividend of ICE is nicely growing with an annual growth rate of 10.05%!
  • ICE has been paying a dividend for at least 10 years, so it has 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
ICE Yearly Dividends per shareICE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • ICE pays out 33.33% 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.
DP33.33%
EPS Next 2Y11.31%
EPS Next 3Y10.89%
ICE Yearly Income VS Free CF VS DividendICE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
ICE Dividend Payout.ICE Dividend Payout, showing the Payout Ratio.ICE Dividend Payout.PayoutRetained Earnings

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ICE Fundamentals: All Metrics, Ratios and Statistics

INTERCONTINENTAL EXCHANGE IN

NYSE:ICE (3/27/2026, 8:24:58 PM)

After market: 152.7 +0.03 (+0.02%)

152.67

-3.29 (-2.11%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners94.24%
Inst Owner Change11.28%
Ins Owners0.91%
Ins Owner Change-1.75%
Market Cap86.70B
Revenue(TTM)12.64B
Net Income(TTM)3.31B
Analysts80.95
Price Target200.65 (31.43%)
Short Float %1.33%
Short Ratio1.84
Dividend
Industry RankSector Rank
Dividend Yield 1.31%
Yearly Dividend1.94
Dividend Growth(5Y)10.05%
DP33.33%
Div Incr Years12
Div Non Decr Years12
Ex-Date06-15
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)2.24%
PT rev (3m)3.96%
EPS NQ rev (1m)0.91%
EPS NQ rev (3m)5.6%
EPS NY rev (1m)1.68%
EPS NY rev (3m)2.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.67%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)2.18%
Valuation
Industry RankSector Rank
PE 21.97
Fwd PE 19.81
P/S 6.86
P/FCF 22.4
P/OCF 18.6
P/B 3
P/tB N/A
EV/EBITDA 16.21
EPS(TTM)6.95
EY4.55%
EPS(NY)7.71
Fwd EY5.05%
FCF(TTM)6.82
FCFY4.46%
OCF(TTM)8.21
OCFY5.38%
SpS22.26
BVpS50.92
TBVpS-30.08
PEG (NY)2.02
PEG (5Y)2.43
Graham Number89.23
Profitability
Industry RankSector 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 RankSector 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 0.93
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 Y10.89%
EPS Next 2Y11.31%
EPS Next 3Y10.89%
EPS Next 5Y11.95%
Revenue 1Y (TTM)7.47%
Revenue growth 3Y9.47%
Revenue growth 5Y8.92%
Sales Q2Q%7.79%
Revenue Next Year7.79%
Revenue Next 2Y6.66%
Revenue Next 3Y6.33%
Revenue Next 5Y6.03%
EBIT growth 1Y13.28%
EBIT growth 3Y10.24%
EBIT growth 5Y9.76%
EBIT Next Year19.96%
EBIT Next 3Y11.02%
EBIT Next 5Y8.74%
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 Fundamental Analysis 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 21.97 and the Price/Book (PB) ratio is 3.


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 10.89% in the next year.