Intercontinental Exchange
Market Cap
US$53.7b
Last Updated
2020/01/23 00:51 UTC
Data Sources
Company Financials +
Executive Summary
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada.
Rewards
PE ratio (25.3x) is below the Capital Markets industry average (36.1x)
Risk Analysis
No risks detected for ICE from our risk checks.
Snowflake Analysis
Slightly overvalued with questionable track record.
Similar Companies
Share Price & News
How has Intercontinental Exchange's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ICE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.2%
ICE
1.9%
US Capital Markets
0.6%
US Market
1 Year Return
28.2%
ICE
19.9%
US Capital Markets
24.6%
US Market
Return vs Industry: ICE exceeded the US Capital Markets industry which returned 21.7% over the past year.
Return vs Market: ICE exceeded the US Market which returned 24.7% over the past year.
Shareholder returns
| ICE | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 1.9% | 0.6% |
| 30 Day | 4.6% | 4.3% | 3.0% |
| 90 Day | 4.9% | 13.5% | 10.6% |
| 1 Year | 29.9%28.2% | 22.4%19.9% | 27.3%24.6% |
| 3 Year | 72.2%65.8% | 44.8%36.7% | 50.5%40.8% |
| 5 Year | 150.6%135.3% | 100.6%82.1% | 78.9%59.1% |
Price Volatility Vs. Market
How volatile is Intercontinental Exchange's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
Did Intercontinental Exchange, Inc. (NYSE:ICE) Insiders Sell Shares?3 weeks ago | Simply Wall St
Is Intercontinental Exchange, Inc.'s (NYSE:ICE) CEO Overpaid Relative To Its Peers?1 month ago | Simply Wall St
Is It Smart To Buy Intercontinental Exchange, Inc. (NYSE:ICE) Before It Goes Ex-Dividend?Valuation
Is Intercontinental Exchange undervalued compared to its fair value and its price relative to the market?
25.97x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ICE ($93.77) is trading above our estimate of fair value ($74.08)
Significantly Below Fair Value: ICE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ICE is good value based on its PE Ratio (25.3x) compared to the Capital Markets industry average (36.1x).
PE vs Market: ICE is poor value based on its PE Ratio (25.3x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: ICE is poor value based on its PEG Ratio (4.5x)
Price to Book Ratio
PB vs Industry: ICE is good value based on its PB Ratio (3x) compared to the US Capital Markets industry average (6.6x).
Next Steps
Future Growth
How is Intercontinental Exchange forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
5.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ICE's forecast earnings growth (5.6% per year) is above the savings rate (1.7%).
Earnings vs Market: ICE's earnings (5.6% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: ICE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ICE's revenue (4.6% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: ICE's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ICE's Return on Equity is forecast to be low in 3 years time (13.2%).
Next Steps
Past Performance
How has Intercontinental Exchange performed over the past 5 years?
19.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ICE has high quality earnings.
Growing Profit Margin: ICE's current net profit margins (40.2%) are lower than last year (54.2%).
Past Earnings Growth Analysis
Earnings Trend: ICE's earnings have grown by 19.5% per year over the past 5 years.
Accelerating Growth: ICE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ICE had negative earnings growth (-19.7%) over the past year, making it difficult to compare to the Capital Markets industry average (20.6%).
Return on Equity
High ROE: ICE's Return on Equity (12.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Intercontinental Exchange's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ICE has a low level of unsold assets or inventory.
Debt Coverage by Assets: ICE's debt is covered by short term assets (assets are 8.8x debt).
Financial Institutions Analysis
Asset Level: ICE's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ICE has a sufficient allowance for bad loans.
Low Risk Liabilities: ICE reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ICE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ICE has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ICE has an appropriate level of bad loans.
Next Steps
Dividend
What is Intercontinental Exchange's current dividend yield, its reliability and sustainability?
1.14%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ICE's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: ICE's dividend (1.17%) is low compared to the top 25% of dividend payers in the US market (3.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ICE has been paying a dividend for less than 10 years.
Growing Dividend: ICE's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.7%), ICE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ICE's dividends in 3 years are forecast to be well covered by earnings (28.5% payout ratio).
Next Steps
Management
What is the CEO of Intercontinental Exchange's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
Jeff Sprecher (64yo)
19.7yrs
Tenure
US$14,513,403
Compensation
Mr. Jeffrey C. Sprecher, also known as Jeff, Founded Intercontinental Exchange, Inc. and has been the Chairman and Chief Executive Officer of Intercontinental Exchange, Inc. (“IE”) since November 2002 and ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD14.51M) is above average for companies of similar size in the US market ($USD10.76M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.1yrs
Average Tenure
52yo
Average Age
Experienced Management: ICE's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
14.2yrs
Average Tenure
64yo
Average Age
Experienced Board: ICE's board of directors are seasoned and experienced ( 14.2 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$81.87 |
| Entity | Individual |
| Role | President President |
| Shares | 1,455 |
| Max Price | US$80.79 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Scott Hill (52yo)
Chief Financial Officer
- Tenure: 12.7yrs
- Compensation: US$5.40m
Jeff Sprecher (64yo)
Founder
- Tenure: 19.7yrs
- Compensation: US$14.51m
Chuck Vice (55yo)
Vice Chairman
- Tenure: 2.2yrs
- Compensation: US$7.13m
Dave Goone (58yo)
Chief Strategy Officer
- Tenure: 18.8yrs
- Compensation: US$4.66m
Ben Jackson (46yo)
President
- Tenure: 2.2yrs
- Compensation: US$4.65m
Warren Gardiner
Vice President of Investor Relations
- Tenure: 2.5yrs
Mark Wassersug (49yo)
Chief Operating Officer
- Tenure: 2.2yrs
Mayur Kapani
Chief Technology Officer
- Tenure: 3.7yrs
Doug Foley
Senior Vice President of Human Resources & Administration
- Tenure: 6.2yrs
James Namkung (43yo)
Chief Accounting Officer & Corporate Controller
- Tenure: 1.9yrs
Board Members
Tom Noonan (58yo)
Independent Director
- Tenure: 3.3yrs
- Compensation: US$294.94k
Vincent Tese (76yo)
Independent Director
- Tenure: 15.8yrs
- Compensation: US$459.91k
Fred Salerno (75yo)
Lead Independent Director
- Tenure: 12yrs
- Compensation: US$414.94k
Judy Sprieser (66yo)
Independent Director
- Tenure: 15.8yrs
- Compensation: US$464.91k
Charlie Crisp (71yo)
Independent Director
- Tenure: 17.2yrs
- Compensation: US$399.52k
Jeff Sprecher (64yo)
Founder
- Tenure: 19.7yrs
- Compensation: US$14.51m
Jean-Marc Forneri (60yo)
Independent Director
- Tenure: 17.2yrs
- Compensation: US$294.94k
Jeff Hague (58yo)
Independent Director
- Tenure: 4.3yrs
- Compensation: US$447.48k
Yi Shyan Lee (57yo)
Chairman of ICE Futures Singapore & ICE Clear Singapore
- Tenure: 3.2yrs
Fred Hatfield (64yo)
Independent Director
- Tenure: 12.7yrs
- Compensation: US$434.91k
Company Information
Intercontinental Exchange, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Intercontinental Exchange, Inc.
- Ticker: ICE
- Exchange: NYSE
- Founded: 2000
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: US$53.697b
- Shares outstanding: 556.85m
- Website: https://www.intercontinentalexchange.com
Number of Employees
Location
- Intercontinental Exchange, Inc.
- 5660 New Northside Drive NW
- 3rd Floor
- Atlanta
- Georgia
- 30328
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ICE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 2005 |
| IC2 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Nov 2005 |
| ICE * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Nov 2005 |
| 0JC3 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Nov 2005 |
| ICEI | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Nov 2005 |
Biography
Intercontinental Exchange, Inc. operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, metals, interest rates, equities, credit derivatives, exchange traded funds, bonds, and currencies. It also offers data services to support the trading, investment, risk management, and connectivity needs of customers across major asset classes. The company operates exchanges and marketplaces; cash equities, equity options, and bond exchanges; and over-the-counter markets for physical energy, fixed income, credit default swaps, and central counterparty clearing houses. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 00:51 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.