INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
NYSE:ICE - US45866F1049 - Common Stock
174.27 USD
-0.25 (-0.14%)
174.27 USD
0 (0%)
ICE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 239 industry peers in the Capital Markets industry. ICE scores excellent on profitability, but 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
ICE had positive earnings in the past year.
ICE had a positive operating cash flow in the past year.
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
ICE has a Return On Assets of 2.08%. This is comparable to the rest of the industry: ICE outperforms 45.19% of its industry peers.
Looking at the Return On Equity, with a value of 10.56%, ICE is in the better half of the industry, outperforming 61.92% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.54%, ICE belongs to the top of the industry, outperforming 80.33% of the companies in the same industry.
ICE had an Average Return On Invested Capital over the past 3 years of 6.58%. This is in line with the industry average of 7.59%.
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
With a decent Profit Margin value of 23.92%, ICE is doing good in the industry, outperforming 63.18% of the companies in the same industry.
ICE's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 38.18%, ICE is doing good in the industry, outperforming 68.20% of the companies in the same industry.
ICE's Operating Margin has declined in the last couple of years.
The Gross Margin of ICE (77.17%) is better than 82.85% of its industry peers.
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.
ICE has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ICE has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.91, we must say that ICE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.91, ICE perfoms like the industry average, outperforming 49.79% of the companies in the same industry.
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.
ICE has a better Debt to FCF ratio (4.71) than 68.62% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that 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 63.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | 0.91 |
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.
ICE has a Current ratio (1.01) which is comparable to the rest of the 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 of 1.01. This is comparable to the rest of the industry: ICE outperforms 46.86% of 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.
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)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
The Earnings Per Share is expected to grow by 12.44% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.86% on average over the next years.
EPS Next Y16.04%
EPS Next 2Y13.21%
EPS Next 3Y12.37%
EPS Next 5Y12.44%
Revenue Next Year7.68%
Revenue Next 2Y6.61%
Revenue Next 3Y6.23%
Revenue Next 5Y5.86%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 26.40, which means the current valuation is very expensive for ICE.
ICE's Price/Earnings ratio is a bit more expensive when compared to the industry. ICE is more expensive than 66.11% of the companies in the same industry.
ICE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.06, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 22.40, 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 61.09% 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 22.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.4 | ||
| Fwd PE | 22.4 |
4.2 Price Multiples
76.15% of the companies in the same industry are more expensive than ICE, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as ICE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.46 | ||
| EV/EBITDA | 18.5 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
ICE has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as ICE's earnings are expected to grow with 12.37% in the coming years.
PEG (NY)1.65
PEG (5Y)2.8
EPS Next 2Y13.21%
EPS Next 3Y12.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.08%, ICE has a reasonable but not impressive dividend return.
ICE's Dividend Yield is slightly below the industry average, which is at 7.91.
Compared to an average S&P500 Dividend Yield of 2.32, ICE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
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
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 2Y13.21%
EPS Next 3Y12.37%
174.27
-0.25 (-0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.5%
Inst Owner Change-2.25%
Ins Owners0.91%
Ins Owner Change-2.79%
Market Cap99.76B
Analysts80
Price Target208.28 (19.52%)
Short Float %1.2%
Short Ratio2.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
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)1.22%
PT rev (3m)4.76%
EPS NQ rev (1m)-1.7%
EPS NQ rev (3m)0.5%
EPS NY rev (1m)0.71%
EPS NY rev (3m)1.11%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)1.2%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.4 | ||
| Fwd PE | 22.4 | ||
| P/S | 7.95 | ||
| P/FCF | 24.46 | ||
| P/OCF | 20.46 | ||
| P/B | 3.51 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.5 |
EPS(TTM)6.6
EY3.79%
EPS(NY)7.78
Fwd EY4.46%
FCF(TTM)7.12
FCFY4.09%
OCF(TTM)8.52
OCFY4.89%
SpS21.93
BVpS49.69
TBVpS-31.54
PEG (NY)1.65
PEG (5Y)2.8
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 | 0.91 |
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 Y16.04%
EPS Next 2Y13.21%
EPS Next 3Y12.37%
EPS Next 5Y12.44%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%9.75%
Revenue Next Year7.68%
Revenue Next 2Y6.61%
Revenue Next 3Y6.23%
Revenue Next 5Y5.86%
EBIT growth 1Y14.86%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year23.33%
EBIT Next 3Y12.34%
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%