INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
NYSE:ICE - New York Stock Exchange, Inc. - US45866F1049 - Common Stock
Taking everything into account, ICE scores 4 out of 10 in our fundamental rating. ICE was compared to 224 industry peers in the Capital Markets industry. There are concerns on the financial health of ICE while its profitability can be described as average. While showing a medium growth rate, ICE is valued expensive at the moment.
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.
In the past 5 years ICE always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.80%, ICE is in line with its industry, outperforming 43.38% of the companies in the same industry.
ICE has a Return On Equity of 8.92%. This is comparable to the rest of the industry: ICE outperforms 50.68% of its industry peers.
ICE has a better Return On Invested Capital (6.77%) than 75.34% 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 6.66%.
| 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 has a Profit Margin of 21.31%. This is comparable to the rest of the industry: ICE outperforms 56.16% 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 64.38% of its industry peers.
ICE's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 80.35%, ICE belongs to the best of the industry, outperforming 83.11% 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 | 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
Compared to 1 year ago, ICE has more shares outstanding
ICE has more shares outstanding than it did 5 years ago.
ICE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.86, 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 0.86, ICE is in line with its industry, outperforming 48.40% of the companies in the same industry.
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.
The Debt to FCF ratio of ICE (6.18) is comparable to the rest of the industry.
ICE has a Debt/Equity ratio of 0.78. This is a neutral value indicating 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 60.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 6.18 | ||
| Altman-Z | 0.86 |
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's Current ratio of 1.00 is in line compared to the rest of the industry. ICE outperforms 45.66% 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 (1.00) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.95% 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 9.42% on average per year.
Looking at the last year, ICE shows a quite strong growth in Revenue. The Revenue has grown by 18.55% in the last year.
The Revenue has been growing by 9.55% on average over the past years. This is quite good.
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
ICE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.13% yearly.
The Revenue is expected to grow by 7.60% on average over the next years.
EPS Next Y9.09%
EPS Next 2Y9.86%
EPS Next 3Y10.54%
EPS Next 5Y11.13%
Revenue Next Year16.82%
Revenue Next 2Y11.18%
Revenue Next 3Y9.49%
Revenue Next 5Y7.6%
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
The Price/Earnings ratio is 26.22, which means the current valuation is very expensive for ICE.
66.67% 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 28.29, ICE is valued at the same level.
ICE is valuated rather expensively with a Price/Forward Earnings ratio of 22.69.
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 63.47% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, ICE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.22 | ||
| Fwd PE | 22.69 |
4.2 Price Multiples
72.15% of the companies in the same industry are more expensive than ICE, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as ICE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.79 | ||
| EV/EBITDA | 17.97 |
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)2.88
PEG (5Y)2.78
EPS Next 2Y9.86%
EPS Next 3Y10.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.20%, ICE has a reasonable but not impressive dividend return.
ICE's Dividend Yield is slightly below the industry average, which is at 9.45.
With a Dividend Yield of 1.20, ICE pays less dividend than the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
5.2 History
The dividend of ICE is nicely growing with an annual growth rate of 11.86%!
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 2Y9.86%
EPS Next 3Y10.54%
INTERCONTINENTAL EXCHANGE IN
NYSE:ICE (1/22/2025, 4:41:30 PM)
After market: 154.17 0 (0%)154.17
+2.45 (+1.61%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.57%
Inst Owner Change-0.01%
Ins Owners1.01%
Ins Owner Change-1.48%
Market Cap88.52B
Analysts80.91
Price Target189.79 (23.1%)
Short Float %1.17%
Short Ratio2.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.2% |
Yearly Dividend1.69
Dividend Growth(5Y)11.86%
DP42.07%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.11%
Min EPS beat(2)-1.05%
Max EPS beat(2)1.26%
EPS beat(4)2
Avg EPS beat(4)0.29%
Min EPS beat(4)-1.06%
Max EPS beat(4)2%
EPS beat(8)4
Avg EPS beat(8)0.83%
EPS beat(12)7
Avg EPS beat(12)1.04%
EPS beat(16)10
Avg EPS beat(16)1.39%
Revenue beat(2)0
Avg Revenue beat(2)-0.97%
Min Revenue beat(2)-1.18%
Max Revenue beat(2)-0.77%
Revenue beat(4)0
Avg Revenue beat(4)-1.17%
Min Revenue beat(4)-1.84%
Max Revenue beat(4)-0.77%
Revenue beat(8)1
Avg Revenue beat(8)3%
Revenue beat(12)5
Avg Revenue beat(12)11.88%
Revenue beat(16)9
Avg Revenue beat(16)16.65%
PT rev (1m)2.2%
PT rev (3m)9.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.38%
EPS NY rev (1m)0%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.3%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.22 | ||
| Fwd PE | 22.69 | ||
| P/S | 7.77 | ||
| P/FCF | 25.79 | ||
| P/OCF | 21.74 | ||
| P/B | 3.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.97 |
EPS(TTM)5.88
EY3.81%
EPS(NY)6.79
Fwd EY4.41%
FCF(TTM)5.98
FCFY3.88%
OCF(TTM)7.09
OCFY4.6%
SpS19.85
BVpS47.43
TBVpS-34.72
PEG (NY)2.88
PEG (5Y)2.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 8.92% | ||
| ROCE | 8.52% | ||
| ROIC | 6.77% | ||
| ROICexc | 6.86% | ||
| ROICexgc | 67.58% | ||
| OM | 37.84% | ||
| PM (TTM) | 21.31% | ||
| GM | 80.35% | ||
| FCFM | 30.12% |
ROA(3y)1.53%
ROA(5y)1.66%
ROE(3y)11.15%
ROE(5y)11.07%
ROIC(3y)6.77%
ROIC(5y)7.01%
ROICexc(3y)6.94%
ROICexc(5y)7.18%
ROICexgc(3y)52.61%
ROICexgc(5y)61.16%
ROCE(3y)8.27%
ROCE(5y)8.69%
ROICexcg growth 3Y5.61%
ROICexcg growth 5Y-4.69%
ROICexc growth 3Y-1.26%
ROICexc growth 5Y-5.63%
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%
F-Score9
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 6.18 | ||
| Debt/EBITDA | 3.63 | ||
| Cap/Depr | 41.85% | ||
| Cap/Sales | 5.61% | ||
| Interest Coverage | 5 | ||
| Cash Conversion | 69.73% | ||
| Profit Quality | 141.33% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.86 |
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)43.93%
Cap/Depr(5y)46.49%
Cap/Sales(3y)4.96%
Cap/Sales(5y)4.9%
Profit Quality(3y)135.73%
Profit Quality(5y)129.45%
High Growth Momentum
Growth
EPS 1Y (TTM)5.95%
EPS 3Y7.67%
EPS 5Y9.42%
EPS Q2Q%6.16%
EPS Next Y9.09%
EPS Next 2Y9.86%
EPS Next 3Y10.54%
EPS Next 5Y11.13%
Revenue 1Y (TTM)18.55%
Revenue growth 3Y6.3%
Revenue growth 5Y9.55%
Sales Q2Q%17.27%
Revenue Next Year16.82%
Revenue Next 2Y11.18%
Revenue Next 3Y9.49%
Revenue Next 5Y7.6%
EBIT growth 1Y12.14%
EBIT growth 3Y8.09%
EBIT growth 5Y8.65%
EBIT Next Year27.06%
EBIT Next 3Y13.69%
EBIT Next 5Y9.69%
FCF growth 1Y14.2%
FCF growth 3Y7.3%
FCF growth 5Y6.27%
OCF growth 1Y17.86%
OCF growth 3Y7.13%
OCF growth 5Y6.94%