INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
USA - NYSE:ICE - US45866F1049 - Common Stock
167.73 USD
+0.45 (+0.27%)
167.73 USD
0 (0%)
Overall ICE gets a fundamental rating of 5 out of 10. We evaluated ICE against 237 industry peers in the Capital Markets industry. ICE scores excellent on profitability, but 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
ICE had positive earnings in the past year.
In the past year ICE had a positive cash flow from operations.
In the past 5 years ICE has always been profitable.
ICE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ICE (2.08%) is comparable to the rest of the industry.
ICE's Return On Equity of 10.56% is fine compared to the rest of the industry. ICE outperforms 60.59% of its industry peers.
The Return On Invested Capital of ICE (7.54%) is better than 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 7.59%.
The last Return On Invested Capital (7.54%) for ICE is above the 3 year average (6.58%), which is a sign of increasing profitability.
| 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
With a decent Profit Margin value of 23.92%, ICE is doing good in the industry, outperforming 61.86% of the companies in the same industry.
ICE's Profit Margin has declined in the last couple of years.
ICE has a Operating Margin of 38.18%. This is in the better half of the industry: ICE outperforms 67.80% of its industry peers.
ICE's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 77.17%, ICE belongs to the top of the industry, outperforming 83.47% 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 | 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
The number of shares outstanding for ICE remains at a similar level compared to 1 year ago.
The number of shares outstanding for ICE has been increased compared to 5 years ago.
Compared to 1 year ago, ICE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.89, we must say that ICE is in the distress zone and has some risk of bankruptcy.
ICE has a Altman-Z score (0.89) which is in line with its industry peers.
ICE has a debt to FCF ratio of 4.71. This is a neutral value as ICE would need 4.71 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.71, ICE is doing good in the industry, outperforming 69.92% of the companies in the same industry.
A Debt/Equity ratio of 0.63 indicates that ICE is somewhat dependend on debt financing.
ICE has a better Debt to Equity ratio (0.63) than 63.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | 0.89 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ICE has a Current 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 Current ratio, with a value of 1.01, ICE is in line with its industry, outperforming 43.22% of the companies in the same industry.
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 (1.01) which is in line with its industry peers.
| 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.
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 16.32% in the past year. This is quite good.
ICE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.43% yearly.
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
ICE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.44% yearly.
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 Year7.59%
Revenue Next 2Y6.58%
Revenue Next 3Y6.21%
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.
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
ICE is valuated quite expensively with a Price/Earnings ratio of 25.41.
64.41% of the companies in the same industry are cheaper than ICE, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of ICE to the average of the S&P500 Index (27.32), we can say ICE is valued inline with the index average.
A Price/Forward Earnings ratio of 21.59 indicates a rather expensive valuation of ICE.
Based on the Price/Forward Earnings ratio, ICE is valued a bit more expensive than the industry average as 60.59% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.89, ICE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.41 | ||
| Fwd PE | 21.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than the industry average as 77.12% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ICE is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.54 | ||
| EV/EBITDA | 17.89 |
4.3 Compensation for Growth
The 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.
A more expensive valuation may be justified as ICE's earnings are expected to grow with 12.32% in the coming years.
PEG (NY)1.61
PEG (5Y)2.7
EPS Next 2Y13.13%
EPS Next 3Y12.32%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.14%. Purely for dividend investing, there may be better candidates out there.
ICE's Dividend Yield is slightly below the industry average, which is at 8.38.
Compared to an average S&P500 Dividend Yield of 2.42, ICE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
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
ICE pays out 35.80% 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.
DP35.8%
EPS Next 2Y13.13%
EPS Next 3Y12.32%
167.73
+0.45 (+0.27%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.91%
Inst Owner Change-2.25%
Ins Owners0.91%
Ins Owner Change-0.75%
Market Cap96.01B
Analysts80
Price Target208.28 (24.18%)
Short Float %1.11%
Short Ratio2.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.14% |
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%
PT rev (3m)4.6%
EPS NQ rev (1m)-0.92%
EPS NQ rev (3m)-1.48%
EPS NY rev (1m)-0.23%
EPS NY rev (3m)0.87%
Revenue NQ rev (1m)-0.36%
Revenue NQ rev (3m)-0.04%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.41 | ||
| Fwd PE | 21.59 | ||
| P/S | 7.65 | ||
| P/FCF | 23.54 | ||
| P/OCF | 19.69 | ||
| P/B | 3.38 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.89 |
EPS(TTM)6.6
EY3.93%
EPS(NY)7.77
Fwd EY4.63%
FCF(TTM)7.12
FCFY4.25%
OCF(TTM)8.52
OCFY5.08%
SpS21.93
BVpS49.69
TBVpS-31.54
PEG (NY)1.61
PEG (5Y)2.7
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 | 0.89 |
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)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 Year7.59%
Revenue Next 2Y6.58%
Revenue Next 3Y6.21%
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%