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 237 industry peers in the Capital Markets industry. ICE has an average financial health and profitability rating. 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
The Return On Assets of ICE (2.08%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 10.56%, ICE is in the better half of the industry, outperforming 60.76% of the companies in the same industry.
ICE has a Return On Invested Capital of 7.54%. This is in the better half of the industry: ICE outperforms 77.64% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ICE is in line with the industry average of 7.85%.
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
ICE's Profit Margin of 23.92% is fine compared to the rest of the industry. ICE outperforms 63.29% of its industry peers.
In the last couple of years the Profit Margin of ICE has declined.
With a decent Operating Margin value of 38.18%, ICE is doing good in the industry, outperforming 67.09% of the companies in the same industry.
In the last couple of years the Operating Margin of ICE has declined.
ICE's Gross Margin of 77.17% is amongst the best of the industry. ICE outperforms 82.70% 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
Compared to 1 year ago, ICE has about the same amount of shares outstanding.
The number of shares outstanding for ICE has been increased compared to 5 years ago.
The debt/assets ratio for ICE has been reduced compared to a year ago.
2.2 Solvency
ICE has an Altman-Z score of 0.93. This is a bad value and indicates that ICE is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ICE (0.93) is comparable to the rest of the industry.
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.
Looking at the Debt to FCF ratio, with a value of 4.71, ICE is in the better half of the industry, outperforming 67.51% of the companies in the same industry.
ICE has a Debt/Equity ratio of 0.63. This is a neutral value indicating ICE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.63, ICE is in the better half of the industry, outperforming 64.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | 0.93 |
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 in line with 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 (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
ICE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.99%, which is quite good.
ICE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.42% yearly.
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 12.12% on average over the next years. This is quite good.
ICE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.61% yearly.
EPS Next Y15.23%
EPS Next 2Y12.97%
EPS Next 3Y12.23%
EPS Next 5Y12.12%
Revenue Next Year7.68%
Revenue Next 2Y6.66%
Revenue Next 3Y6.33%
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
A Price/Earnings ratio of 27.49 indicates a quite expensive valuation of ICE.
Based on the Price/Earnings ratio, ICE is valued a bit more expensive than 67.93% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.11. ICE is around the same levels.
ICE is valuated rather expensively with a Price/Forward Earnings ratio of 23.42.
62.03% of the companies in the same industry are cheaper than ICE, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 35.78. ICE is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.49 | ||
| Fwd PE | 23.42 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than the industry average as 74.68% 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 | 25.52 | ||
| EV/EBITDA | 19.27 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
ICE has a very decent profitability rating, which may justify a higher PE ratio.
ICE's earnings are expected to grow with 12.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.8
PEG (5Y)2.92
EPS Next 2Y12.97%
EPS Next 3Y12.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.02%, ICE has a reasonable but not impressive dividend return.
ICE's Dividend Yield is slightly below the industry average, which is at 7.84.
With a Dividend Yield of 1.02, ICE pays less dividend than the S&P500 average, which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.02% |
5.2 History
The dividend of ICE is nicely growing with an annual growth rate of 10.37%!
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
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 2Y12.97%
EPS Next 3Y12.23%
181.41
-1.33 (-0.73%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.5%
Inst Owner Change-0.28%
Ins Owners0.91%
Ins Owner Change-2.68%
Market Cap104.06B
Analysts80
Price Target207.33 (14.29%)
Short Float %1.06%
Short Ratio2.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.02% |
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)4.12%
PT rev (3m)4.28%
EPS NQ rev (1m)-0.67%
EPS NQ rev (3m)0.81%
EPS NY rev (1m)0%
EPS NY rev (3m)1.61%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)1.16%
Revenue NY rev (1m)0.28%
Revenue NY rev (3m)0.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.49 | ||
| Fwd PE | 23.42 | ||
| P/S | 8.29 | ||
| P/FCF | 25.52 | ||
| P/OCF | 21.34 | ||
| P/B | 3.66 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.27 |
EPS(TTM)6.6
EY3.64%
EPS(NY)7.75
Fwd EY4.27%
FCF(TTM)7.11
FCFY3.92%
OCF(TTM)8.5
OCFY4.69%
SpS21.89
BVpS49.59
TBVpS-31.47
PEG (NY)1.8
PEG (5Y)2.92
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 | 0.93 |
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 Y15.23%
EPS Next 2Y12.97%
EPS Next 3Y12.23%
EPS Next 5Y12.12%
Revenue 1Y (TTM)16.32%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%9.75%
Revenue Next Year7.68%
Revenue Next 2Y6.66%
Revenue Next 3Y6.33%
Revenue Next 5Y5.61%
EBIT growth 1Y14.86%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year23.33%
EBIT Next 3Y12.34%
EBIT Next 5Y8.51%
FCF growth 1Y29.34%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y34.18%
OCF growth 3Y13.85%
OCF growth 5Y11.63%