INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
NYSE:ICE - New York Stock Exchange, Inc. - US45866F1049 - Common Stock - Currency: USD
ICE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 233 industry peers in the Capital Markets industry. There are concerns on the financial health of ICE while its profitability can be described as average. 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.
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
With a Return On Assets value of 1.95%, ICE perfoms like the industry average, outperforming 45.49% of the companies in the same industry.
ICE's Return On Equity of 9.95% is in line compared to the rest of the industry. ICE outperforms 58.80% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.29%, ICE is in the better half of the industry, outperforming 77.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ICE is in line with the industry average of 7.84%.
The 3 year average ROIC (6.58%) for ICE is below the current ROIC(7.29%), indicating increased profibility in the last year.
| 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 65.24% of the companies in the same industry.
ICE's Profit Margin has declined in the last couple of years.
ICE's Operating Margin of 37.47% is fine compared to the rest of the industry. ICE outperforms 66.52% of its industry peers.
In the last couple of years the Operating Margin of ICE has declined.
Looking at the Gross Margin, with a value of 77.63%, ICE belongs to the top of the industry, outperforming 82.83% 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
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.
ICE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.92, we must say that ICE is in the distress zone and has some risk of bankruptcy.
ICE has a Altman-Z score of 0.92. This is comparable to the rest of the industry: ICE outperforms 48.07% of its industry peers.
ICE has a debt to FCF ratio of 5.38. This is a neutral value as ICE would need 5.38 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.38, ICE is doing good in the industry, outperforming 65.24% of the companies in the same industry.
A Debt/Equity ratio of 0.64 indicates that ICE is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.64, ICE is doing good in the industry, outperforming 64.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 5.38 | ||
| Altman-Z | 0.92 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
ICE has a Current Ratio of 1.00. This is a bad value and indicates that ICE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 1.00, ICE perfoms like the industry average, outperforming 41.20% of the companies in the same industry.
ICE has a Quick Ratio of 1.00. This is a bad value and indicates that ICE is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.00, ICE is in line with its industry, outperforming 45.49% of the companies in the same industry.
| 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.
ICE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.61% yearly.
EPS Next Y14.77%
EPS Next 2Y12.77%
EPS Next 3Y12.05%
EPS Next 5Y12.12%
Revenue Next Year7.18%
Revenue Next 2Y6.42%
Revenue Next 3Y6.18%
Revenue Next 5Y5.61%
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
With a Price/Earnings ratio of 29.02, ICE can be considered very expensive at the moment.
70.39% of the companies in the same industry are cheaper than ICE, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.45. ICE is around the same levels.
ICE is valuated rather expensively with a Price/Forward Earnings ratio of 23.72.
Based on the Price/Forward Earnings ratio, ICE is valued a bit more expensive than the industry average as 62.66% of the companies are valued more cheaply.
ICE is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.02 | ||
| Fwd PE | 23.72 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than the industry average as 73.39% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as ICE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.86 | ||
| EV/EBITDA | 20.18 |
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.
ICE's earnings are expected to grow with 12.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.96
PEG (5Y)3.08
EPS Next 2Y12.77%
EPS Next 3Y12.05%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.06%.
ICE's Dividend Yield is slightly below the industry average, which is at 8.00.
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 | 1.06% |
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
38.04% 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.
DP38.04%
EPS Next 2Y12.77%
EPS Next 3Y12.05%
183.11
+1.37 (+0.75%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.27%
Inst Owner Change0.68%
Ins Owners0.91%
Ins Owner Change1.59%
Market Cap105.04B
Analysts80.91
Price Target199.12 (8.74%)
Short Float %1.15%
Short Ratio2.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
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)0.15%
PT rev (3m)2.05%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)5.22%
EPS NY rev (1m)0%
EPS NY rev (3m)2.35%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.35%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)1.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.02 | ||
| Fwd PE | 23.72 | ||
| P/S | 8.62 | ||
| P/FCF | 27.86 | ||
| P/OCF | 23 | ||
| P/B | 3.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.18 |
EPS(TTM)6.31
EY3.45%
EPS(NY)7.72
Fwd EY4.22%
FCF(TTM)6.57
FCFY3.59%
OCF(TTM)7.96
OCFY4.35%
SpS21.25
BVpS48.77
TBVpS-32.62
PEG (NY)1.96
PEG (5Y)3.08
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 | 0.92 |
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 2Y12.77%
EPS Next 3Y12.05%
EPS Next 5Y12.12%
Revenue 1Y (TTM)19.13%
Revenue growth 3Y8.66%
Revenue growth 5Y12.43%
Sales Q2Q%7.99%
Revenue Next Year7.18%
Revenue Next 2Y6.42%
Revenue Next 3Y6.18%
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%