INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
NYSE:ICE - New York Stock Exchange, Inc. - US45866F1049 - Common Stock - Currency: USD
Overall ICE gets a fundamental rating of 5 out of 10. We evaluated ICE against 232 industry peers in the Capital Markets industry. While ICE is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, ICE is valued expensive at the moment.
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.
Each year in the past 5 years ICE has been profitable.
ICE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.95%, ICE is in line with its industry, outperforming 45.69% of the companies in the same industry.
ICE has a Return On Equity of 9.95%. This is comparable to the rest of the industry: ICE outperforms 56.90% of its industry peers.
ICE has a better Return On Invested Capital (7.29%) than 77.16% of its industry peers.
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 7.88%.
The last Return On Invested Capital (7.29%) for ICE is above the 3 year average (6.58%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.95% | ||
| ROE | 9.95% | ||
| ROIC | 7.29% |
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 22.84%, ICE is in the better half of the industry, outperforming 64.66% 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 37.47%. This is in the better half of the industry: ICE outperforms 66.81% of its industry peers.
ICE's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 77.63%, ICE belongs to the best of the industry, outperforming 82.33% of the companies in the same industry.
In the last couple of years the Gross Margin of ICE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.47% | ||
| PM (TTM) | 22.84% | ||
| GM | 77.63% |
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 0.90, we must say that ICE is in the distress zone and has some risk of bankruptcy.
ICE has a Altman-Z score (0.90) which is in line with its industry peers.
The Debt to FCF ratio of ICE is 5.38, which is a neutral value as it means it would take ICE, 5.38 years of fcf income to pay off all of its debts.
ICE has a Debt to FCF ratio of 5.38. This is in the better half of the industry: ICE outperforms 64.22% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that ICE is somewhat dependend on debt financing.
ICE has a Debt to Equity ratio of 0.64. This is in the better half of the industry: ICE outperforms 63.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.38 | ||
| Altman-Z | 0.9 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 1.00 indicates that ICE may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.00, ICE is in line with its industry, outperforming 41.81% of the companies in the same industry.
A Quick Ratio of 1.00 indicates that ICE may have some problems paying its short term obligations.
ICE has a Quick ratio of 1.00. This is comparable to the rest of the industry: ICE outperforms 46.12% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 10.70% over the past year.
The Earnings Per Share has been growing by 9.42% on average over the past years. This is quite good.
Looking at the last year, ICE shows a quite strong growth in Revenue. The Revenue has grown by 19.13% in the last year.
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)10.7%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%16.22%
Revenue 1Y (TTM)19.13%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%7.99%
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 12.12% yearly.
Based on estimates for the next years, ICE will show a small growth in Revenue. The Revenue will grow by 5.61% on average per year.
EPS Next Y14.77%
EPS Next 2Y12.75%
EPS Next 3Y12.14%
EPS Next 5Y12.12%
Revenue Next Year7.3%
Revenue Next 2Y6.49%
Revenue Next 3Y6.25%
Revenue Next 5Y5.61%
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 28.13, 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 70.26% 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 26.55, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 23.00, which indicates a rather expensive current valuation of ICE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ICE indicates a slightly more expensive valuation: ICE is more expensive than 61.64% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.40. ICE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.13 | ||
| Fwd PE | 23 |
4.2 Price Multiples
72.84% 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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.01 | ||
| EV/EBITDA | 19.78 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ICE does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of ICE may justify a higher PE ratio.
ICE's earnings are expected to grow with 12.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.9
PEG (5Y)2.99
EPS Next 2Y12.75%
EPS Next 3Y12.14%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.08%.
Compared to an average industry Dividend Yield of 8.22, ICE is paying slightly less dividend.
With a Dividend Yield of 1.08, ICE pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
5.2 History
On average, the dividend of ICE grows each year by 10.37%, which is quite nice.
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 38.04% of its income as dividend. This is a 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.
DP38.04%
EPS Next 2Y12.75%
EPS Next 3Y12.14%
177.5
+1.97 (+1.12%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.73%
Inst Owner Change0.68%
Ins Owners1.02%
Ins Owner Change1.74%
Market Cap101.82B
Analysts80.91
Price Target199.41 (12.34%)
Short Float %1.22%
Short Ratio1.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.08% |
Yearly Dividend1.81
Dividend Growth(5Y)10.37%
DP38.04%
Div Incr Years12
Div Non Decr Years12
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.45%
Min EPS beat(2)-0.05%
Max EPS beat(2)0.95%
EPS beat(4)2
Avg EPS beat(4)0.28%
Min EPS beat(4)-1.05%
Max EPS beat(4)1.26%
EPS beat(8)5
Avg EPS beat(8)1.21%
EPS beat(12)7
Avg EPS beat(12)1.09%
EPS beat(16)9
Avg EPS beat(16)1.12%
Revenue beat(2)0
Avg Revenue beat(2)-0.9%
Min Revenue beat(2)-1.32%
Max Revenue beat(2)-0.48%
Revenue beat(4)0
Avg Revenue beat(4)-0.94%
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)3
Avg Revenue beat(12)7.16%
Revenue beat(16)7
Avg Revenue beat(16)12.07%
PT rev (1m)0.29%
PT rev (3m)2.2%
EPS NQ rev (1m)-0.19%
EPS NQ rev (3m)5.01%
EPS NY rev (1m)1.2%
EPS NY rev (3m)3.03%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)3.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.13 | ||
| Fwd PE | 23 | ||
| P/S | 8.35 | ||
| P/FCF | 27.01 | ||
| P/OCF | 22.3 | ||
| P/B | 3.64 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.78 |
EPS(TTM)6.31
EY3.55%
EPS(NY)7.72
Fwd EY4.35%
FCF(TTM)6.57
FCFY3.7%
OCF(TTM)7.96
OCFY4.48%
SpS21.25
BVpS48.77
TBVpS-32.62
PEG (NY)1.9
PEG (5Y)2.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.95% | ||
| ROE | 9.95% | ||
| ROCE | 9.11% | ||
| ROIC | 7.29% | ||
| ROICexc | 7.4% | ||
| ROICexgc | 118.33% | ||
| OM | 37.47% | ||
| PM (TTM) | 22.84% | ||
| GM | 77.63% | ||
| FCFM | 30.93% |
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 Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.38 | ||
| Debt/EBITDA | 2.91 | ||
| Cap/Depr | 51.52% | ||
| Cap/Sales | 6.53% | ||
| Interest Coverage | 5.42 | ||
| Cash Conversion | 74.71% | ||
| Profit Quality | 135.42% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 0.9 |
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)10.7%
EPS 3Y5.7%
EPS 5Y9.42%
EPS Q2Q%16.22%
EPS Next Y14.77%
EPS Next 2Y12.75%
EPS Next 3Y12.14%
EPS Next 5Y12.12%
Revenue 1Y (TTM)19.13%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%7.99%
Revenue Next Year7.3%
Revenue Next 2Y6.49%
Revenue Next 3Y6.25%
Revenue Next 5Y5.61%
EBIT growth 1Y12.16%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year23.59%
EBIT Next 3Y11.81%
EBIT Next 5Y8.51%
FCF growth 1Y26.21%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y32.31%
OCF growth 3Y13.85%
OCF growth 5Y11.63%