Intercontinental Exchange, Inc.

NYSE:ICE Stock Report

Market Cap: US$78.4b

Intercontinental Exchange Valuation

Is ICE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ICE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ICE ($136.98) is trading above our estimate of fair value ($102.79)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ICE?

Other financial metrics that can be useful for relative valuation.

ICE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.6x
Enterprise Value/EBITDA20.5x
PEG Ratio3.1x

Price to Earnings Ratio vs Peers

How does ICE's PE Ratio compare to its peers?

The above table shows the PE ratio for ICE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average39.4x
CME CME Group
24.4x3.4%US$77.6b
MCO Moody's
44.3x11.4%US$71.2b
MSCI MSCI
38.4x8.5%US$44.1b
SPGI S&P Global
50.4x14.3%US$132.4b
ICE Intercontinental Exchange
33.1x10.8%US$78.4b

Price-To-Earnings vs Peers: ICE is good value based on its Price-To-Earnings Ratio (33.1x) compared to the peer average (39.4x).


Price to Earnings Ratio vs Industry

How does ICE's PE Ratio compare vs other companies in the US Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.9%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.9%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ICE is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the US Capital Markets industry average (19.7x).


Price to Earnings Ratio vs Fair Ratio

What is ICE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ICE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.1x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: ICE is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ICE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$136.98
US$151.25
+10.4%
5.2%US$166.00US$139.00n/a16
Mar ’25US$138.57
US$151.00
+9.0%
5.4%US$166.00US$136.00n/a16
Feb ’25US$129.73
US$141.24
+8.9%
6.1%US$154.00US$123.80n/a16
Jan ’25US$128.43
US$133.11
+3.6%
6.9%US$154.00US$114.00n/a16
Dec ’24US$114.24
US$131.19
+14.8%
7.1%US$154.00US$114.00n/a15
Nov ’24US$108.25
US$134.25
+24.0%
8.4%US$168.00US$119.00n/a15
Oct ’24US$110.02
US$134.58
+22.3%
8.2%US$168.00US$118.00n/a15
Sep ’24US$117.01
US$134.19
+14.7%
8.2%US$168.00US$121.70n/a14
Aug ’24US$115.04
US$133.12
+15.7%
9.0%US$168.00US$117.00n/a14
Jul ’24US$113.08
US$129.76
+14.8%
9.5%US$168.00US$117.00n/a14
Jun ’24US$106.37
US$130.08
+22.3%
9.8%US$168.00US$117.00n/a13
May ’24US$108.62
US$129.77
+19.5%
9.5%US$168.00US$117.00n/a13
Apr ’24US$104.29
US$127.69
+22.4%
9.9%US$168.00US$117.00n/a13
Mar ’24US$100.90
US$127.31
+26.2%
10.1%US$168.00US$115.00US$138.5713
Feb ’24US$109.01
US$127.62
+17.1%
9.8%US$164.00US$110.00US$129.7313
Jan ’24US$102.59
US$126.62
+23.4%
11.1%US$164.00US$102.00US$128.4313
Dec ’23US$109.53
US$125.08
+14.2%
11.1%US$164.00US$102.00US$114.2413
Nov ’23US$94.02
US$125.85
+33.9%
12.8%US$164.00US$102.00US$108.2513
Oct ’23US$90.35
US$130.17
+44.1%
12.1%US$164.00US$108.00US$110.0212
Sep ’23US$102.04
US$130.08
+27.5%
12.1%US$164.00US$108.00US$117.0112
Aug ’23US$100.40
US$122.91
+22.4%
12.0%US$155.00US$95.00US$115.0411
Jul ’23US$95.23
US$134.77
+41.5%
8.6%US$155.00US$117.00US$113.0813
Jun ’23US$101.99
US$137.36
+34.7%
8.5%US$155.00US$117.00US$106.3714
May ’23US$115.81
US$152.71
+31.9%
4.0%US$161.00US$137.00US$108.6217
Apr ’23US$132.70
US$154.18
+16.2%
3.9%US$161.00US$137.00US$104.2917
Mar ’23US$127.75
US$153.76
+20.4%
4.4%US$161.00US$133.00US$100.9017

Analyst Forecast: Target price is less than 20% higher than the current share price.


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