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ICE

Intercontinental ExchangeNYSE:ICE Stock Report

Last Price

US$125.64

Market Cap

US$70.8b

7D

-0.8%

1Y

12.3%

Updated

22 Jan, 2022

Data

Company Financials +
ICE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends2/6

ICE Stock Overview

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, the European Union, Singapore, Israel, and Canada.

Intercontinental Exchange Competitors

S&P Global

NYSE:SPGI

US$100.4b

CME Group

NasdaqGS:CME

US$81.2b

Moody's

NYSE:MCO

US$63.6b

MSCI

NYSE:MSCI

US$41.3b

Price History & Performance

Summary of all time highs, changes and price drops for Intercontinental Exchange
Historical stock prices
Current Share PriceUS$125.64
52 Week HighUS$139.79
52 Week LowUS$108.95
Beta0.82
1 Month Change-7.51%
3 Month Change-4.53%
1 Year Change12.26%
3 Year Change65.84%
5 Year Change117.07%
Change since IPO1,500.51%

Recent News & Updates

Shareholder Returns

ICEUS Capital MarketsUS Market
7D-0.8%-5.1%-6.1%
1Y12.3%23.4%4.2%

Return vs Industry: ICE underperformed the US Capital Markets industry which returned 23.4% over the past year.

Return vs Market: ICE exceeded the US Market which returned 4.2% over the past year.

Price Volatility

Is ICE's price volatile compared to industry and market?
ICE volatility
ICE Average Weekly Movement2.5%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: ICE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: ICE's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20009,381Jeff Sprecherhttps://www.intercontinentalexchange.com

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, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; trading venues, including 12 regulated exchanges and six clearing houses; and offers futures and options products for energy, agricultural and metals, financial, cash equities and equity, over-the-counter, and other markets, as well as listings and data and connectivity services.

Intercontinental Exchange Fundamentals Summary

How do Intercontinental Exchange's earnings and revenue compare to its market cap?
ICE fundamental statistics
Market CapUS$70.79b
Earnings (TTM)US$3.06b
Revenue (TTM)US$6.98b

23.2x

P/E Ratio

10.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ICE income statement (TTM)
RevenueUS$6.98b
Cost of RevenueUS$0
Gross ProfitUS$6.98b
ExpensesUS$3.92b
EarningsUS$3.06b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 03, 2022

Earnings per share (EPS)5.43
Gross Margin100.00%
Net Profit Margin43.82%
Debt/Equity Ratio65.6%

How did ICE perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

24%

Payout Ratio

Valuation

Is Intercontinental Exchange undervalued compared to its fair value and its price relative to the market?

23.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ICE ($125.64) is trading above our estimate of fair value ($109.11)

Significantly Below Fair Value: ICE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ICE is poor value based on its PE Ratio (23.2x) compared to the US Capital Markets industry average (14.4x).

PE vs Market: ICE is poor value based on its PE Ratio (23.2x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: ICE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ICE is good value based on its PB Ratio (3.3x) compared to the US Capital Markets industry average (35.5x).


Future Growth

How is Intercontinental Exchange forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

-6.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ICE's earnings are forecast to decline over the next 3 years (-6.6% per year).

Earnings vs Market: ICE's earnings are forecast to decline over the next 3 years (-6.6% per year).

High Growth Earnings: ICE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ICE's revenue (5% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: ICE's revenue (5% 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 (13.9%).


Past Performance

How has Intercontinental Exchange performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ICE has a large one-off gain of $1.2B impacting its September 30 2021 financial results.

Growing Profit Margin: ICE's current net profit margins (43.8%) are higher than last year (35.5%).


Past Earnings Growth Analysis

Earnings Trend: ICE's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: ICE's earnings growth over the past year (52%) exceeds its 5-year average (7.9% per year).

Earnings vs Industry: ICE earnings growth over the past year (52%) underperformed the Capital Markets industry 84.5%.


Return on Equity

High ROE: ICE's Return on Equity (14.2%) is considered low.


Financial Health

How is Intercontinental Exchange's financial position?


Financial Position Analysis

Short Term Liabilities: ICE's short term assets ($112.7B) exceed its short term liabilities ($112.0B).

Long Term Liabilities: ICE's short term assets ($112.7B) exceed its long term liabilities ($17.0B).


Debt to Equity History and Analysis

Debt Level: ICE's net debt to equity ratio (59.5%) is considered high.

Reducing Debt: ICE's debt to equity ratio has increased from 40.5% to 65.6% over the past 5 years.

Debt Coverage: ICE's debt is well covered by operating cash flow (22.5%).

Interest Coverage: ICE's interest payments on its debt are well covered by EBIT (9.2x coverage).


Balance Sheet


Dividend

What is Intercontinental Exchange current dividend yield, its reliability and sustainability?

1.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ICE's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: ICE's dividend (1.05%) is low compared to the top 25% of dividend payers in the US market (3.61%).


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (23.7%), 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 (24% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Diversified Financials industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Jeff Sprecher (66 yo)

21.67yrs

Tenure

US$14,536,259

Compensation

Mr. Jeffrey C. Sprecher, also known as Jeff, Founded Intercontinental Exchange, Inc. He has been the Chairman of Intercontinental Exchange, Inc. ( ICE?) since November 2002 and has been its Chief Executive...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD14.54M) is about average for companies of similar size in the US market ($USD11.47M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ICE's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: ICE's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Intercontinental Exchange, Inc.'s 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
  • Implied Market Cap: US$70.786b
  • Shares outstanding: 563.40m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 23:17
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.