Intercontinental Exchange
Market Cap
US$64.7b
Last Updated
2021/01/15 23:53 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, Singapore, Israel, and Canada. More Details
Rewards
Risk Analysis
Snowflake Analysis
Questionable track record with imperfect balance sheet.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ICE's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.1%
ICE
-0.4%
US Capital Markets
-0.9%
US Market
1 Year Return
19.0%
ICE
15.7%
US Capital Markets
19.6%
US Market
Return vs Industry: ICE exceeded the US Capital Markets industry which returned 17.5% over the past year.
Return vs Market: ICE underperformed the US Market which returned 21% over the past year.
Shareholder returns
| ICE | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -0.4% | -0.9% |
| 30 Day | 3.5% | 7.8% | 3.0% |
| 90 Day | 13.7% | 20.0% | 11.5% |
| 1 Year | 20.5%19.0% | 18.6%15.7% | 22.3%19.6% |
| 3 Year | 58.3%52.4% | 30.9%20.9% | 45.3%35.7% |
| 5 Year | 144.2%129.2% | 145.5%114.8% | 124.8%99.9% |
Long-Term 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
2 weeks ago | Simply Wall St
Have Insiders Been Selling Intercontinental Exchange, Inc. (NYSE:ICE) Shares?1 month ago | Simply Wall St
Should You Buy Intercontinental Exchange, Inc. (NYSE:ICE) For Its Upcoming Dividend?1 month ago | Simply Wall St
Why Intercontinental Exchange, Inc. (NYSE:ICE) Is A Dividend RockstarValuation
Is Intercontinental Exchange undervalued compared to its fair value and its price relative to the market?
31.53x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ICE ($115.19) is trading above our estimate of fair value ($92.03)
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 (31.5x) compared to the US Capital Markets industry average (27.3x).
PE vs Market: ICE is poor value based on its PE Ratio (31.5x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: ICE is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: ICE is good value based on its PB Ratio (3.4x) compared to the US Capital Markets industry average (5.2x).
Next Steps
Future Growth
How is Intercontinental Exchange forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
9.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ICE's forecast earnings growth (9.4% per year) is above the savings rate (2%).
Earnings vs Market: ICE's earnings (9.4% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: ICE's earnings are forecast to grow, but not significantly.
Revenue vs Market: ICE's revenue (7.9% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: ICE's revenue (7.9% 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 (14.9%).
Next Steps
Past Performance
How has Intercontinental Exchange performed over the past 5 years?
10.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ICE has high quality earnings.
Growing Profit Margin: ICE's current net profit margins (35.5%) are lower than last year (40.2%).
Past Earnings Growth Analysis
Earnings Trend: ICE's earnings have grown by 10.5% 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 (-4%) over the past year, making it difficult to compare to the Capital Markets industry average (4.9%).
Return on Equity
High ROE: ICE's Return on Equity (10.6%) is considered low.
Next Steps
Financial Health
How is Intercontinental Exchange's financial position?
Financial Position Analysis
Short Term Liabilities: ICE's short term assets ($89.1B) do not cover its short term liabilities ($89.7B).
Long Term Liabilities: ICE's short term assets ($89.1B) exceed its long term liabilities ($19.2B).
Debt to Equity History and Analysis
Debt Level: ICE's debt to equity ratio (90.2%) is considered high.
Reducing Debt: ICE's debt to equity ratio has increased from 28.7% to 90.2% over the past 5 years.
Debt Coverage: ICE's debt is not well covered by operating cash flow (15%).
Interest Coverage: ICE's interest payments on its debt are well covered by EBIT (10.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Intercontinental Exchange current dividend yield, its reliability and sustainability?
1.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ICE's dividend (1.04%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: ICE's dividend (1.04%) is low compared to the top 25% of dividend payers in the US market (3.84%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.2%), 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 (25.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.1yrs
Average management tenure
CEO
Jeff Sprecher (65 yo)
20.67yrs
Tenure
US$14,408,908
Compensation
Mr. Jeffrey C. Sprecher, also known as Jeff, Founded Intercontinental Exchange, Inc. and has been the Chairman and Chief Executive Officer of Intercontinental Exchange, Inc. (“IE”) since November 2002 and ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD14.41M) is above average for companies of similar size in the US market ($USD10.54M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.67yrs | US$14.41m | 0.82% $ 528.0m | |
| President | 3.17yrs | US$4.63m | 0.010% $ 6.7m | |
| Chief Financial Officer | 13.67yrs | US$5.39m | 0.022% $ 13.9m | |
| Chief Strategy Officer | 19.83yrs | US$4.61m | 0.029% $ 18.9m | |
| 0.83yr | US$7.07m | 0.075% $ 48.2m | ||
| Chief Operating Officer | 3.17yrs | no data | 0.0017% $ 1.1m | |
| Chief Accounting Officer & Corporate Controller | 2.92yrs | no data | 0.0015% $ 1.0m | |
| Chief Technology Officer | 4.67yrs | no data | no data | |
| Senior Vice President of Human Resources & Administration | 7.17yrs | no data | no data | |
| Vice President of Investor Relations | 3.5yrs | no data | no data | |
| General Counsel | 2.25yrs | no data | 0.0052% $ 3.4m | |
| Global Head of Clearing & Risk | 7.17yrs | no data | no data |
4.1yrs
Average Tenure
51yo
Average Age
Experienced Management: ICE's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 20.67yrs | US$14.41m | 0.82% $ 528.0m | |
| Chairman of ICE Futures Singapore & ICE Clear Singapore | 4.17yrs | no data | no data | |
| President & Director of ICE Clear Europe | 0.58yr | no data | no data | |
| Independent Director | 4.33yrs | US$304.94k | 0.0019% $ 1.2m | |
| Independent Director | 16.75yrs | US$472.37k | 0.0060% $ 3.9m | |
| Lead Independent Director | 13yrs | US$424.94k | 0.0020% $ 1.3m | |
| Independent Director | 16.75yrs | US$474.87k | 0.0046% $ 3.0m | |
| Independent Director | 18.17yrs | US$409.94k | 0.0094% $ 6.1m | |
| Independent Director | 5.33yrs | US$457.56k | 0.0020% $ 1.3m | |
| Independent Director | 13.67yrs | US$419.94k | 0.0058% $ 3.7m | |
| Independent Director | 3.08yrs | US$349.94k | 0.0013% $ 827.6k | |
| Independent Director | 3.83yrs | US$389.94k | 0.0014% $ 885.8k |
9.2yrs
Average Tenure
64yo
Average Age
Experienced Board: ICE's board of directors are considered experienced (9.2 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 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$64.654b
- Shares outstanding: 561.28m
- 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 |
| IC2 | XTRA (XETRA Trading Platform) | 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 |
| I1CE34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
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, Europ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 23:53 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.