INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ICE - US45866F1049 - Common Stock
155.36 USD
-1.58 (-1.01%)
155.73 USD
+0.37 (+0.24%)
Overall ICE gets a fundamental rating of 5 out of 10. We evaluated ICE against 238 industry peers in the Capital Markets industry. While ICE belongs to the best of the industry regarding profitability, there are some minor 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
In the past year ICE was profitable.
ICE had a positive operating cash flow in the past year.
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 (2.24%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 11.04%, ICE is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
ICE has a Return On Invested Capital of 7.58%. This is amongst the best in the industry. ICE outperforms 81.09% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ICE is in line with the industry average of 6.95%.
The last Return On Invested Capital (7.58%) for ICE is above the 3 year average (6.58%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.24% | ||
| ROE | 11.04% | ||
| ROIC | 7.58% |
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 (25.24%) than 62.60% of its industry peers.
ICE's Profit Margin has declined in the last couple of years.
ICE has a Operating Margin of 38.60%. This is in the better half of the industry: ICE outperforms 70.59% of its industry peers.
ICE's Operating Margin has declined in the last couple of years.
ICE has a Gross Margin of 77.83%. This is amongst the best in the industry. ICE outperforms 84.03% of its industry peers.
ICE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.6% | ||
| PM (TTM) | 25.24% | ||
| GM | 77.83% |
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.
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 0.88, we must say that ICE is in the distress zone and has some risk of bankruptcy.
ICE's Altman-Z score of 0.88 is in line compared to the rest of the industry. ICE outperforms 50.42% of its industry peers.
The Debt to FCF ratio of ICE is 4.65, which is a neutral value as it means it would take ICE, 4.65 years of fcf income to pay off all of its debts.
ICE has a Debt to FCF ratio of 4.65. This is in the better half of the industry: ICE outperforms 72.27% of its industry peers.
A Debt/Equity ratio of 0.62 indicates that ICE is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.62, ICE is doing good in the industry, outperforming 61.76% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 4.65 | ||
| Altman-Z | 0.88 |
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.
ICE has a Current ratio (1.01) which is in line with its industry peers.
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.
Looking at the Quick ratio, with a value of 1.01, ICE is in line with its industry, outperforming 47.48% 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 14.97% over the past year.
The Earnings Per Share has been growing by 9.42% on average over the past years. This is quite good.
The Revenue has grown by 9.92% in the past year. This is quite good.
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)14.97%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%10.32%
Revenue 1Y (TTM)9.92%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%2.64%
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 12.35% yearly.
The Revenue is expected to grow by 5.96% on average over the next years.
EPS Next Y14.91%
EPS Next 2Y11.88%
EPS Next 3Y11.68%
EPS Next 5Y12.35%
Revenue Next Year6.7%
Revenue Next 2Y6.17%
Revenue Next 3Y6.03%
Revenue Next 5Y5.96%
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 22.98, which indicates a rather expensive current valuation of ICE.
62.60% of the companies in the same industry are cheaper than ICE, based on the Price/Earnings ratio.
ICE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 20.45, the valuation of ICE can be described as rather expensive.
ICE's Price/Forward Earnings is on the same level as the industry average.
ICE's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 36.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.98 | ||
| Fwd PE | 20.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than the industry average as 76.47% of the companies are valued more expensively.
ICE's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.65 | ||
| EV/EBITDA | 16.63 |
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.
PEG (NY)1.54
PEG (5Y)2.44
EPS Next 2Y11.88%
EPS Next 3Y11.68%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.23%.
ICE's Dividend Yield is slightly below the industry average, which is at 8.39.
With a Dividend Yield of 1.23, ICE pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
5.2 History
The dividend of ICE is nicely growing with an annual growth rate of 10.37%!
ICE has paid a dividend for at least 10 years, which is 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 34.47% of its income as dividend. This is a 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.
DP34.47%
EPS Next 2Y11.88%
EPS Next 3Y11.68%
155.36
-1.58 (-1.01%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.91%
Inst Owner Change1.9%
Ins Owners0.91%
Ins Owner Change-2.42%
Market Cap88.58B
Revenue(TTM)12.53B
Net Income(TTM)3.16B
Analysts80.87
Price Target195.6 (25.9%)
Short Float %1.12%
Short Ratio1.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.23% |
Yearly Dividend1.81
Dividend Growth(5Y)10.37%
DP34.47%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.32%
Min EPS beat(2)1.25%
Max EPS beat(2)5.39%
EPS beat(4)3
Avg EPS beat(4)1.88%
Min EPS beat(4)-0.05%
Max EPS beat(4)5.39%
EPS beat(8)5
Avg EPS beat(8)1.09%
EPS beat(12)7
Avg EPS beat(12)1.18%
EPS beat(16)10
Avg EPS beat(16)1.25%
Revenue beat(2)0
Avg Revenue beat(2)-0.97%
Min Revenue beat(2)-1.27%
Max Revenue beat(2)-0.66%
Revenue beat(4)0
Avg Revenue beat(4)-0.93%
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)1
Avg Revenue beat(12)1.69%
Revenue beat(16)5
Avg Revenue beat(16)8.68%
PT rev (1m)-6.13%
PT rev (3m)-6.09%
EPS NQ rev (1m)-1.34%
EPS NQ rev (3m)-3.73%
EPS NY rev (1m)0.97%
EPS NY rev (3m)-0.98%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)-0.79%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.98 | ||
| Fwd PE | 20.45 | ||
| P/S | 7.07 | ||
| P/FCF | 21.65 | ||
| P/OCF | 18.1 | ||
| P/B | 3.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.63 |
EPS(TTM)6.76
EY4.35%
EPS(NY)7.6
Fwd EY4.89%
FCF(TTM)7.18
FCFY4.62%
OCF(TTM)8.58
OCFY5.52%
SpS21.97
BVpS50.24
TBVpS-30.85
PEG (NY)1.54
PEG (5Y)2.44
Graham Number87.41
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.24% | ||
| ROE | 11.04% | ||
| ROCE | 9.46% | ||
| ROIC | 7.58% | ||
| ROICexc | 7.7% | ||
| ROICexgc | 87.62% | ||
| OM | 38.6% | ||
| PM (TTM) | 25.24% | ||
| GM | 77.83% | ||
| FCFM | 32.66% |
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%
ROICexgc growth 3Y38.2%
ROICexgc 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 | 0.62 | ||
| Debt/FCF | 4.65 | ||
| Debt/EBITDA | 2.78 | ||
| Cap/Depr | 51.35% | ||
| Cap/Sales | 6.39% | ||
| Interest Coverage | 6.09 | ||
| Cash Conversion | 76.5% | ||
| Profit Quality | 129.41% | ||
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 | ||
| Altman-Z | 0.88 |
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)14.97%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%10.32%
EPS Next Y14.91%
EPS Next 2Y11.88%
EPS Next 3Y11.68%
EPS Next 5Y12.35%
Revenue 1Y (TTM)9.92%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%2.64%
Revenue Next Year6.7%
Revenue Next 2Y6.17%
Revenue Next 3Y6.03%
Revenue Next 5Y5.96%
EBIT growth 1Y12.13%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year22.93%
EBIT Next 3Y12.18%
EBIT Next 5Y9.3%
FCF growth 1Y28.6%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y33.51%
OCF growth 3Y13.85%
OCF growth 5Y11.63%
INTERCONTINENTAL EXCHANGE IN / ICE FAQ
What is the fundamental rating for ICE stock?
ChartMill assigns a fundamental rating of 5 / 10 to ICE.
What is the valuation status for ICE stock?
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 is the valuation of INTERCONTINENTAL EXCHANGE IN based on its PE and PB ratios?
The Price/Earnings (PE) ratio for INTERCONTINENTAL EXCHANGE IN (ICE) is 22.98 and the Price/Book (PB) ratio is 3.09.
Can you provide the expected EPS growth for ICE stock?
The Earnings per Share (EPS) of INTERCONTINENTAL EXCHANGE IN (ICE) is expected to grow by 14.91% in the next year.