INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ICE - US45866F1049 - Common Stock
158.01 USD
+0.98 (+0.62%)
158.01 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to ICE. ICE was compared to 237 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 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.
ICE had a positive operating cash flow in the past year.
Each year in the past 5 years ICE has been profitable.
Each year in the past 5 years ICE had a positive operating cash flow.
1.2 Ratios
ICE has a Return On Assets (2.24%) which is comparable to the rest of the industry.
ICE has a better Return On Equity (11.04%) than 63.71% of its industry peers.
With an excellent Return On Invested Capital value of 7.58%, ICE belongs to the best of the industry, outperforming 81.01% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ICE is in line with the industry average of 6.99%.
The 3 year average ROIC (6.58%) for ICE is below the current ROIC(7.58%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 25.24%, ICE is in the better half of the industry, outperforming 62.87% of the companies in the same industry.
In the last couple of years the Profit Margin of ICE has declined.
Looking at the Operating Margin, with a value of 38.60%, ICE is in the better half of the industry, outperforming 70.46% of the companies in the same industry.
ICE's Operating Margin has declined in the last couple of years.
The Gross Margin of ICE (77.83%) is better than 83.97% 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.
ICE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ICE has an improved debt to assets ratio.
2.2 Solvency
ICE has an Altman-Z score of 0.89. This is a bad value and indicates that ICE is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.89, ICE is in line with its industry, outperforming 50.21% of the companies in the same industry.
ICE has a debt to FCF ratio of 4.65. This is a neutral value as ICE would need 4.65 years to pay back of all of its debts.
The Debt to FCF ratio of ICE (4.65) is better than 71.31% of its industry peers.
A Debt/Equity ratio of 0.62 indicates that ICE is somewhat dependend on debt financing.
ICE has a Debt to Equity ratio of 0.62. This is in the better half of the industry: ICE outperforms 62.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 4.65 | ||
| Altman-Z | 0.89 |
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 of 1.01. This is comparable to the rest of the industry: ICE outperforms 43.04% of its industry peers.
A Quick Ratio of 1.01 indicates that ICE should not have too much problems paying its short term obligations.
ICE has a Quick ratio of 1.01. This is comparable to the rest of the industry: ICE outperforms 47.26% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
ICE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.97%, which is quite good.
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
Based on estimates for the next years, ICE will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.35% on average per year.
Based on estimates for the next years, ICE will show a small growth in Revenue. The Revenue will grow by 5.96% on average per year.
EPS Next Y14.99%
EPS Next 2Y11.56%
EPS Next 3Y11.33%
EPS Next 5Y12.35%
Revenue Next Year6.61%
Revenue Next 2Y6.07%
Revenue Next 3Y6.04%
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.
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 23.37, which indicates a rather expensive current valuation of ICE.
Compared to the rest of the industry, the Price/Earnings ratio of ICE indicates a slightly more expensive valuation: ICE is more expensive than 62.87% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.29, ICE is valued at the same level.
Based on the Price/Forward Earnings ratio of 20.92, the valuation of ICE can be described as rather expensive.
ICE's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.51. ICE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.37 | ||
| Fwd PE | 20.92 |
4.2 Price Multiples
76.79% of the companies in the same industry are more expensive than ICE, based on the Enterprise Value to EBITDA ratio.
ICE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.02 | ||
| EV/EBITDA | 16.86 |
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)1.56
PEG (5Y)2.48
EPS Next 2Y11.56%
EPS Next 3Y11.33%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.21%.
Compared to an average industry Dividend Yield of 8.31, ICE is paying slightly less dividend.
With a Dividend Yield of 1.21, ICE pays less dividend than the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
5.2 History
On average, the dividend of ICE grows each year by 10.37%, which is quite nice.
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
34.47% of the earnings are spent on dividend by ICE. This is a low number and 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.
DP34.47%
EPS Next 2Y11.56%
EPS Next 3Y11.33%
158.01
+0.98 (+0.62%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners93.79%
Inst Owner Change1.93%
Ins Owners0.9%
Ins Owner Change-2.45%
Market Cap90.09B
Revenue(TTM)12.53B
Net Income(TTM)3.16B
Analysts80.95
Price Target193.01 (22.15%)
Short Float %1.12%
Short Ratio1.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.21% |
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)-4.71%
PT rev (3m)-7.34%
EPS NQ rev (1m)0.55%
EPS NQ rev (3m)-3.2%
EPS NY rev (1m)0.07%
EPS NY rev (3m)-0.91%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)-0.71%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)-0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.37 | ||
| Fwd PE | 20.92 | ||
| P/S | 7.19 | ||
| P/FCF | 22.02 | ||
| P/OCF | 18.41 | ||
| P/B | 3.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.86 |
EPS(TTM)6.76
EY4.28%
EPS(NY)7.55
Fwd EY4.78%
FCF(TTM)7.18
FCFY4.54%
OCF(TTM)8.58
OCFY5.43%
SpS21.97
BVpS50.24
TBVpS-30.85
PEG (NY)1.56
PEG (5Y)2.48
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 | 0.89 |
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 Y14.99%
EPS Next 2Y11.56%
EPS Next 3Y11.33%
EPS Next 5Y12.35%
Revenue 1Y (TTM)9.92%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%2.64%
Revenue Next Year6.61%
Revenue Next 2Y6.07%
Revenue Next 3Y6.04%
Revenue Next 5Y5.96%
EBIT growth 1Y12.13%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year21.77%
EBIT Next 3Y12.01%
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 23.37 and the Price/Book (PB) ratio is 3.15.
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 14.99% in the next year.