INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
NYSE:ICE - New York Stock Exchange, Inc. - US45866F1049 - Common Stock - Currency: USD
Taking everything into account, ICE scores 4 out of 10 in our fundamental rating. ICE was compared to 225 industry peers in the Capital Markets industry. ICE has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, ICE is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year ICE was profitable.
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
ICE has a Return On Assets of 1.98%. This is comparable to the rest of the industry: ICE outperforms 44.29% of its industry peers.
ICE has a Return On Equity of 9.96%. This is comparable to the rest of the industry: ICE outperforms 54.34% of its industry peers.
ICE's Return On Invested Capital of 7.07% is fine compared to the rest of the industry. ICE outperforms 78.08% 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 6.76%.
The 3 year average ROIC (6.58%) for ICE is below the current ROIC(7.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.98% | ||
| ROE | 9.96% | ||
| ROIC | 7.07% |
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 Profit Margin (23.42%) which is in line with its industry peers.
In the last couple of years the Profit Margin of ICE has declined.
ICE has a Operating Margin of 37.52%. This is in the better half of the industry: ICE outperforms 64.84% of its industry peers.
In the last couple of years the Operating Margin of ICE has declined.
The Gross Margin of ICE (78.90%) is better than 82.65% of its industry peers.
ICE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.52% | ||
| PM (TTM) | 23.42% | ||
| GM | 78.9% |
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.
ICE has a better debt/assets ratio than last year.
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 has a Altman-Z score (0.88) which is in line with its industry peers.
ICE has a debt to FCF ratio of 5.28. This is a neutral value as ICE would need 5.28 years to pay back of all of its debts.
ICE has a better Debt to FCF ratio (5.28) than 61.19% of its industry peers.
ICE has a Debt/Equity ratio of 0.65. This is a neutral value indicating ICE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.65, ICE is in the better half of the industry, outperforming 65.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.28 | ||
| Altman-Z | 0.88 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.99 indicates that ICE may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.99, ICE is in line with its industry, outperforming 45.66% of the companies in the same industry.
A Quick Ratio of 0.99 indicates that ICE may have some problems paying its short term obligations.
With a Quick ratio value of 0.99, ICE perfoms like the industry average, outperforming 45.66% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
ICE shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.82%.
The Earnings Per Share has been growing by 9.42% on average over the past years. This is quite good.
ICE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.76%.
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)7.82%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%14.29%
Revenue 1Y (TTM)18.76%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%5.54%
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 11.68% on average per year.
Based on estimates for the next years, ICE will show a small growth in Revenue. The Revenue will grow by 5.36% on average per year.
EPS Next Y11.4%
EPS Next 2Y11.88%
EPS Next 3Y11.59%
EPS Next 5Y11.68%
Revenue Next Year5.52%
Revenue Next 2Y5.95%
Revenue Next 3Y5.96%
Revenue Next 5Y5.36%
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
With a Price/Earnings ratio of 27.66, ICE can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ICE is valued a bit more expensive than 69.41% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.63. ICE is around the same levels.
With a Price/Forward Earnings ratio of 24.83, ICE is valued on the expensive side.
ICE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ICE is more expensive than 64.84% of the companies in the same industry.
ICE's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.66 | ||
| Fwd PE | 24.83 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than 75.34% 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 | 25.01 | ||
| EV/EBITDA | 19.3 |
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)2.43
PEG (5Y)2.94
EPS Next 2Y11.88%
EPS Next 3Y11.59%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.15%.
ICE's Dividend Yield is slightly below the industry average, which is at 9.98.
With a Dividend Yield of 1.15, ICE pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.15% |
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 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 Years11
Div Non Decr Years11
5.3 Sustainability
37.73% 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.
DP37.73%
EPS Next 2Y11.88%
EPS Next 3Y11.59%
167.87
+1.08 (+0.65%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.73%
Inst Owner Change0.9%
Ins Owners1.02%
Ins Owner Change1.51%
Market Cap96.45B
Analysts80.91
Price Target193.58 (15.32%)
Short Float %0.96%
Short Ratio1.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.15% |
Yearly Dividend1.81
Dividend Growth(5Y)10.37%
DP37.73%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.05%
Min EPS beat(2)-1.05%
Max EPS beat(2)0.95%
EPS beat(4)2
Avg EPS beat(4)0.02%
Min EPS beat(4)-1.06%
Max EPS beat(4)1.26%
EPS beat(8)5
Avg EPS beat(8)1.18%
EPS beat(12)7
Avg EPS beat(12)1.07%
EPS beat(16)10
Avg EPS beat(16)1.24%
Revenue beat(2)0
Avg Revenue beat(2)-1.25%
Min Revenue beat(2)-1.32%
Max Revenue beat(2)-1.18%
Revenue beat(4)0
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-1.84%
Max Revenue beat(4)-0.77%
Revenue beat(8)0
Avg Revenue beat(8)-1.15%
Revenue beat(12)4
Avg Revenue beat(12)9.59%
Revenue beat(16)8
Avg Revenue beat(16)14.33%
PT rev (1m)-2.72%
PT rev (3m)-1.71%
EPS NQ rev (1m)0.65%
EPS NQ rev (3m)1.81%
EPS NY rev (1m)-0.48%
EPS NY rev (3m)-0.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.49%
Revenue NY rev (1m)-0.48%
Revenue NY rev (3m)-0.63%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.66 | ||
| Fwd PE | 24.83 | ||
| P/S | 8.2 | ||
| P/FCF | 25.01 | ||
| P/OCF | 20.93 | ||
| P/B | 3.49 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.3 |
EPS(TTM)6.07
EY3.62%
EPS(NY)6.76
Fwd EY4.03%
FCF(TTM)6.71
FCFY4%
OCF(TTM)8.02
OCFY4.78%
SpS20.47
BVpS48.12
TBVpS-33.51
PEG (NY)2.43
PEG (5Y)2.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.98% | ||
| ROE | 9.96% | ||
| ROCE | 8.85% | ||
| ROIC | 7.07% | ||
| ROICexc | 7.19% | ||
| ROICexgc | 134% | ||
| OM | 37.52% | ||
| PM (TTM) | 23.42% | ||
| GM | 78.9% | ||
| FCFM | 32.79% |
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-Score7
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.28 | ||
| Debt/EBITDA | 3 | ||
| Cap/Depr | 48.93% | ||
| Cap/Sales | 6.39% | ||
| Interest Coverage | 5.07 | ||
| Cash Conversion | 77.46% | ||
| Profit Quality | 140.05% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 0.88 |
F-Score7
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)7.82%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%14.29%
EPS Next Y11.4%
EPS Next 2Y11.88%
EPS Next 3Y11.59%
EPS Next 5Y11.68%
Revenue 1Y (TTM)18.76%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%5.54%
Revenue Next Year5.52%
Revenue Next 2Y5.95%
Revenue Next 3Y5.96%
Revenue Next 5Y5.36%
EBIT growth 1Y11.36%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year19.42%
EBIT Next 3Y9.32%
EBIT Next 5Y8.37%
FCF growth 1Y26.33%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y30.12%
OCF growth 3Y13.85%
OCF growth 5Y11.63%