INTERCONTINENTAL EXCHANGE IN (ICE)

US45866F1049 - Common Stock

137.43  +0.45 (+0.33%)

After market: 137.43 0 (0%)

Fundamental Rating

4

Taking everything into account, ICE scores 4 out of 10 in our fundamental rating. ICE was compared to 208 industry peers in the Capital Markets industry. ICE has a medium profitability rating, but doesn't score so well on its financial health evaluation. ICE is quite expensive at the moment. It does show a decent growth rate.



5

1. Profitability

1.1 Basic Checks

In the past year ICE was profitable.
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

The Return On Assets of ICE (1.74%) is worse than 62.14% of its industry peers.
ICE has a Return On Equity (9.21%) which is in line with its industry peers.
The Return On Invested Capital of ICE (6.20%) is better than 68.45% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ICE is below the industry average of 10.74%.
Industry RankSector Rank
ROA 1.74%
ROE 9.21%
ROIC 6.2%
ROA(3y)1.53%
ROA(5y)1.66%
ROE(3y)11.15%
ROE(5y)11.07%
ROIC(3y)6.77%
ROIC(5y)7.01%

1.3 Margins

ICE's Profit Margin of 23.91% is in line compared to the rest of the industry. ICE outperforms 56.80% of its industry peers.
In the last couple of years the Profit Margin of ICE has declined.
With a decent Operating Margin value of 40.02%, ICE is doing good in the industry, outperforming 65.53% of the companies in the same industry.
In the last couple of years the Operating Margin of ICE has remained more or less at the same level.
Looking at the Gross Margin, with a value of 80.66%, ICE belongs to the top of the industry, outperforming 81.07% 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 RankSector Rank
OM 40.02%
PM (TTM) 23.91%
GM 80.66%
OM growth 3Y1.68%
OM growth 5Y-0.82%
PM growth 3Y-1.91%
PM growth 5Y-5.47%
GM growth 3Y3.28%
GM growth 5Y0.33%

3

2. Health

2.1 Basic Checks

The number of shares outstanding for ICE has been increased compared to 1 year ago.
The number of shares outstanding for ICE has been increased compared to 5 years ago.
The debt/assets ratio for ICE is higher compared to a year ago.

2.2 Solvency

ICE has an Altman-Z score of 0.77. 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 (0.77) which is comparable to the rest of the industry.
The Debt to FCF ratio of ICE is 7.41, which is on the high side as it means it would take ICE, 7.41 years of fcf income to pay off all of its debts.
ICE has a Debt to FCF ratio (7.41) which is in line with its industry peers.
ICE has a Debt/Equity ratio of 0.88. This is a neutral value indicating ICE is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.88, ICE is in line with its industry, outperforming 55.83% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 7.41
Altman-Z 0.77
ROIC/WACCN/A
WACCN/A

2.3 Liquidity

ICE has a Current Ratio of 1.00. This is a normal value and indicates that ICE is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.00, ICE is in line with its industry, outperforming 41.75% of the companies in the same industry.
A Quick Ratio of 1.00 indicates that ICE should not have too much problems paying its short term obligations.
ICE has a Quick ratio (1.00) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1

5

3. Growth

3.1 Past

The Earnings Per Share has been growing slightly by 6.03% over the past year.
Measured over the past years, ICE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.42% on average per year.
Looking at the last year, ICE shows a small growth in Revenue. The Revenue has grown by 2.77% in the last year.
The Revenue has been growing by 9.55% on average over the past years. This is quite good.
EPS 1Y (TTM)6.03%
EPS 3Y7.67%
EPS 5Y9.42%
EPS growth Q2Q6.4%
Revenue 1Y (TTM)2.77%
Revenue growth 3Y6.3%
Revenue growth 5Y9.55%
Revenue growth Q2Q12.16%

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 9.96% yearly.
Based on estimates for the next years, ICE will show a small growth in Revenue. The Revenue will grow by 7.22% on average per year.
EPS Next Y6.53%
EPS Next 2Y9.06%
EPS Next 3Y9.82%
EPS Next 5Y9.96%
Revenue Next Year15.89%
Revenue Next 2Y10.66%
Revenue Next 3Y9.46%
Revenue Next 5Y7.22%

3.3 Evolution

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 24.41, ICE is valued on the expensive side.
Based on the Price/Earnings ratio, ICE is valued a bit more expensive than the industry average as 70.87% of the companies are valued more cheaply.
ICE is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.48, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 22.91 indicates a rather expensive valuation of ICE.
Based on the Price/Forward Earnings ratio, ICE is valued a bit more expensive than the industry average as 66.50% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.79, ICE is valued at the same level.
Industry RankSector Rank
PE 24.41
Fwd PE 22.91

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, ICE is valued a bit cheaper than the industry average as 65.05% 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 RankSector Rank
P/FCF 25.78
EV/EBITDA 18.96

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.
PEG (NY)3.74
PEG (5Y)2.59
EPS Next 2Y9.06%
EPS Next 3Y9.82%

5

5. Dividend

5.1 Amount

ICE has a Yearly Dividend Yield of 1.30%.
ICE's Dividend Yield is slightly below the industry average, which is at 7.69.
With a Dividend Yield of 1.30, ICE pays less dividend than the S&P500 average, which is at 2.34.
Industry RankSector Rank
Dividend Yield 1.3%

5.2 History

On average, the dividend of ICE grows each year by 11.86%, which is quite nice.
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)11.86%
Div Incr Years11
Div Non Decr Years11

5.3 Sustainability

ICE pays out 40.33% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of ICE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP40.33%
EPS Next 2Y9.06%
EPS Next 3Y9.82%

INTERCONTINENTAL EXCHANGE IN

NYSE:ICE (3/28/2024, 8:16:42 PM)

After market: 137.43 0 (0%)

137.43

+0.45 (+0.33%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap78.70B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.3%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 24.41
Fwd PE 22.91
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)3.74
PEG (5Y)2.59
Profitability
Industry RankSector Rank
ROA 1.74%
ROE 9.21%
ROCE
ROIC
ROICexc
ROICexgc
OM 40.02%
PM (TTM) 23.91%
GM 80.66%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1
Quick Ratio 1
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)6.03%
EPS 3Y7.67%
EPS 5Y
EPS growth Q2Q
EPS Next Y6.53%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.77%
Revenue growth 3Y6.3%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y