INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
USA - NYSE:ICE - US45866F1049 - Common Stock
156.79 USD
+1.5 (+0.97%)
156.79 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to ICE. ICE was compared to 236 industry peers in the Capital Markets industry. ICE has an average financial health and profitability rating. 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.
In the past 5 years ICE always reported a positive cash flow from operatings.
1.2 Ratios
ICE has a Return On Assets (2.08%) which is comparable to the rest of the industry.
With a Return On Equity value of 10.56%, ICE perfoms like the industry average, outperforming 59.75% of the companies in the same industry.
ICE has a Return On Invested Capital of 7.54%. This is amongst the best in the industry. ICE outperforms 80.08% 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 7.56%.
The 3 year average ROIC (6.58%) for ICE is below the current ROIC(7.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 10.56% | ||
| ROIC | 7.54% |
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
ICE has a better Profit Margin (23.92%) than 61.86% of its industry peers.
ICE's Profit Margin has declined in the last couple of years.
The Operating Margin of ICE (38.18%) is better than 68.22% of its industry peers.
ICE's Operating Margin has declined in the last couple of years.
ICE's Gross Margin of 77.17% is amongst the best of the industry. ICE outperforms 83.47% of its industry peers.
In the last couple of years the Gross Margin of ICE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.18% | ||
| PM (TTM) | 23.92% | ||
| GM | 77.17% |
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
ICE has about the same amout of 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.
2.2 Solvency
Based on the Altman-Z score of 0.85, we must say that ICE is in the distress zone and has some risk of bankruptcy.
ICE has a Altman-Z score (0.85) which is in line with its industry peers.
The Debt to FCF ratio of ICE is 4.71, which is a neutral value as it means it would take ICE, 4.71 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 4.71, ICE is doing good in the industry, outperforming 72.03% of the companies in the same industry.
ICE has a Debt/Equity ratio of 0.63. This is a neutral value indicating ICE is somewhat dependend on debt financing.
ICE's Debt to Equity ratio of 0.63 is fine compared to the rest of the industry. ICE outperforms 61.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | 0.85 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.01 indicates that ICE should not have too much problems paying its short term obligations.
With a Current ratio value of 1.01, ICE perfoms like the industry average, outperforming 42.80% of the companies in the same industry.
ICE has a Quick Ratio of 1.01. This is a normal value and indicates that ICE is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.01, ICE perfoms like the industry average, outperforming 46.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.99% over the past year.
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 16.32%.
The Revenue has been growing by 12.43% on average over the past years. This is quite good.
EPS 1Y (TTM)13.99%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%19.08%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%9.75%
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 12.44% on average per year.
Based on estimates for the next years, ICE will show a small growth in Revenue. The Revenue will grow by 5.86% on average per year.
EPS Next Y15.77%
EPS Next 2Y13.13%
EPS Next 3Y12.32%
EPS Next 5Y12.44%
Revenue Next Year7.39%
Revenue Next 2Y6.58%
Revenue Next 3Y6.27%
Revenue Next 5Y5.86%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 23.76, which indicates a rather expensive current valuation of ICE.
63.14% of the companies in the same industry are cheaper than ICE, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.69. ICE is around the same levels.
A Price/Forward Earnings ratio of 20.18 indicates a rather expensive valuation of ICE.
ICE's Price/Forward Earnings is on the same level as the industry average.
ICE's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.18.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.76 | ||
| Fwd PE | 20.18 |
4.2 Price Multiples
ICE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ICE is cheaper than 77.12% of the companies in the same industry.
ICE's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.01 | ||
| EV/EBITDA | 16.77 |
4.3 Compensation for Growth
ICE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of ICE may justify a higher PE ratio.
ICE's earnings are expected to grow with 12.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.51
PEG (5Y)2.52
EPS Next 2Y13.13%
EPS Next 3Y12.32%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.25%.
Compared to an average industry Dividend Yield of 8.46, ICE is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.34, ICE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.25% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.37%
Div Incr Years12
Div Non Decr Years12
5.3 Sustainability
35.80% of the earnings are spent on dividend by ICE. This is a low number and sustainable payout ratio.
The dividend of ICE is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP35.8%
EPS Next 2Y13.13%
EPS Next 3Y12.32%
156.79
+1.5 (+0.97%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.91%
Inst Owner Change0.26%
Ins Owners0.91%
Ins Owner Change-0.77%
Market Cap89.75B
Analysts80
Price Target208.37 (32.9%)
Short Float %1.18%
Short Ratio2.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.25% |
Yearly Dividend1.81
Dividend Growth(5Y)10.37%
DP35.8%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.6%
Min EPS beat(2)-0.05%
Max EPS beat(2)1.25%
EPS beat(4)2
Avg EPS beat(4)0.27%
Min EPS beat(4)-1.05%
Max EPS beat(4)1.25%
EPS beat(8)5
Avg EPS beat(8)0.95%
EPS beat(12)7
Avg EPS beat(12)0.93%
EPS beat(16)10
Avg EPS beat(16)1.24%
Revenue beat(2)0
Avg Revenue beat(2)-0.57%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)-0.48%
Revenue beat(4)0
Avg Revenue beat(4)-0.91%
Min Revenue beat(4)-1.32%
Max Revenue beat(4)-0.48%
Revenue beat(8)0
Avg Revenue beat(8)-0.99%
Revenue beat(12)2
Avg Revenue beat(12)4.39%
Revenue beat(16)6
Avg Revenue beat(16)10.55%
PT rev (1m)0.04%
PT rev (3m)1.26%
EPS NQ rev (1m)-4.47%
EPS NQ rev (3m)-6.27%
EPS NY rev (1m)-0.23%
EPS NY rev (3m)0.47%
Revenue NQ rev (1m)-1.71%
Revenue NQ rev (3m)-1.83%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)0.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.76 | ||
| Fwd PE | 20.18 | ||
| P/S | 7.15 | ||
| P/FCF | 22.01 | ||
| P/OCF | 18.41 | ||
| P/B | 3.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.77 |
EPS(TTM)6.6
EY4.21%
EPS(NY)7.77
Fwd EY4.95%
FCF(TTM)7.12
FCFY4.54%
OCF(TTM)8.52
OCFY5.43%
SpS21.93
BVpS49.69
TBVpS-31.54
PEG (NY)1.51
PEG (5Y)2.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.08% | ||
| ROE | 10.56% | ||
| ROCE | 9.45% | ||
| ROIC | 7.54% | ||
| ROICexc | 7.69% | ||
| ROICexgc | 100.96% | ||
| OM | 38.18% | ||
| PM (TTM) | 23.92% | ||
| GM | 77.17% | ||
| FCFM | 32.48% |
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-Score8
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.71 | ||
| Debt/EBITDA | 2.83 | ||
| Cap/Depr | 51.19% | ||
| Cap/Sales | 6.36% | ||
| Interest Coverage | 5.9 | ||
| Cash Conversion | 76.76% | ||
| Profit Quality | 135.8% | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | 0.85 |
F-Score8
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)13.99%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%19.08%
EPS Next Y15.77%
EPS Next 2Y13.13%
EPS Next 3Y12.32%
EPS Next 5Y12.44%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%9.75%
Revenue Next Year7.39%
Revenue Next 2Y6.58%
Revenue Next 3Y6.27%
Revenue Next 5Y5.86%
EBIT growth 1Y14.86%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year22.93%
EBIT Next 3Y12.18%
EBIT Next 5Y9.16%
FCF growth 1Y29.34%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y34.18%
OCF growth 3Y13.85%
OCF growth 5Y11.63%