INTERCONTINENTAL EXCHANGE IN (ICE) Stock Fundamental Analysis
NYSE:ICE - New York Stock Exchange, Inc. - US45866F1049 - Common Stock - Currency: USD
Taking everything into account, ICE scores 5 out of 10 in our fundamental rating. ICE was compared to 230 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. ICE is quite expensive at the moment. It does show a decent growth rate.
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.
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
ICE's Return On Assets of 1.95% is in line compared to the rest of the industry. ICE outperforms 44.35% of its industry peers.
The Return On Equity of ICE (9.95%) is comparable to the rest of the industry.
The Return On Invested Capital of ICE (7.29%) is better than 80.43% 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 7.27%.
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
The Profit Margin of ICE (22.84%) is better than 64.35% of its industry peers.
ICE's Profit Margin has declined in the last couple of years.
ICE has a better Operating Margin (37.47%) than 65.65% of its industry peers.
In the last couple of years the Operating Margin of ICE has declined.
The Gross Margin of ICE (77.63%) is better than 82.17% of its industry peers.
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.
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
ICE has an Altman-Z score of 0.90. This is a bad value and indicates that ICE is not financially healthy and even has some risk of bankruptcy.
ICE has a Altman-Z score (0.90) which is in line with 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.
ICE has a better Debt to FCF ratio (5.38) than 62.61% 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 66.52% 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
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.
The Current ratio of ICE (1.00) is comparable to the rest of the 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.
The Quick ratio of ICE (1.00) is comparable to the rest of the 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.
ICE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.42% yearly.
ICE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.13%.
The Revenue has been growing by 12.43% on average over the past years. This is quite good.
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
Based on estimates for the next years, ICE will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.02% on average per year.
The Revenue is expected to grow by 5.54% on average over the next years.
EPS Next Y14.77%
EPS Next 2Y12.75%
EPS Next 3Y12.14%
EPS Next 5Y12.02%
Revenue Next Year7.3%
Revenue Next 2Y6.49%
Revenue Next 3Y6.25%
Revenue Next 5Y5.54%
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
With a Price/Earnings ratio of 27.98, ICE can be considered very expensive at the moment.
Based on the Price/Earnings ratio, ICE is valued a bit more expensive than the industry average as 66.96% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of ICE to the average of the S&P500 Index (26.60), we can say ICE is valued inline with the index average.
A Price/Forward Earnings ratio of 22.88 indicates a rather expensive valuation of ICE.
ICE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ICE is more expensive than 61.74% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.43. ICE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.98 | ||
| Fwd PE | 22.88 |
4.2 Price Multiples
ICE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ICE is cheaper than 74.35% of the companies in the same industry.
ICE's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.9 | ||
| EV/EBITDA | 19.69 |
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.
A more expensive valuation may be justified as ICE's earnings are expected to grow with 12.14% in the coming years.
PEG (NY)1.89
PEG (5Y)2.97
EPS Next 2Y12.75%
EPS Next 3Y12.14%
5. Dividend
5.1 Amount
ICE has a Yearly Dividend Yield of 1.10%.
Compared to an average industry Dividend Yield of 8.21, ICE is paying slightly less dividend.
With a Dividend Yield of 1.10, ICE pays less dividend than the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.1% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)10.37%
Div Incr Years11
Div Non Decr Years11
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%
NYSE:ICE (5/21/2025, 11:15:54 AM)
176.54
+0.25 (+0.14%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners92.73%
Inst Owner Change0.65%
Ins Owners1.02%
Ins Owner Change1.7%
Market Cap101.42B
Analysts80.91
Price Target198.83 (12.63%)
Short Float %0.91%
Short Ratio1.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.1% |
Yearly Dividend1.81
Dividend Growth(5Y)10.37%
DP38.04%
Div Incr Years11
Div Non Decr Years11
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)1.9%
PT rev (3m)7.7%
EPS NQ rev (1m)3.55%
EPS NQ rev (3m)5.29%
EPS NY rev (1m)1.2%
EPS NY rev (3m)3.03%
Revenue NQ rev (1m)3.14%
Revenue NQ rev (3m)3.39%
Revenue NY rev (1m)1.32%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.98 | ||
| Fwd PE | 22.88 | ||
| P/S | 8.32 | ||
| P/FCF | 26.9 | ||
| P/OCF | 22.21 | ||
| P/B | 3.63 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.69 |
EPS(TTM)6.31
EY3.57%
EPS(NY)7.72
Fwd EY4.37%
FCF(TTM)6.56
FCFY3.72%
OCF(TTM)7.95
OCFY4.5%
SpS21.22
BVpS48.69
TBVpS-32.57
PEG (NY)1.89
PEG (5Y)2.97
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 5Y12.02%
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 5Y5.54%
EBIT growth 1Y12.16%
EBIT growth 3Y7.51%
EBIT growth 5Y10.53%
EBIT Next Year20.28%
EBIT Next 3Y11.23%
EBIT Next 5Y6.16%
FCF growth 1Y26.21%
FCF growth 3Y13.03%
FCF growth 5Y10.38%
OCF growth 1Y32.31%
OCF growth 3Y13.85%
OCF growth 5Y11.63%