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
Price History & Performance
|Historical stock prices|
|Current Share Price||US$131.60|
|52 Week High||US$92.41|
|52 Week Low||US$131.86|
|1 Month Change||9.91%|
|3 Month Change||9.28%|
|1 Year Change||33.00%|
|3 Year Change||78.46%|
|5 Year Change||145.68%|
|Change since IPO||1,576.43%|
Recent News & Updates
|ICE||US Capital Markets||US Market|
Return vs Industry: ICE underperformed the US Capital Markets industry which returned 64% over the past year.
Return vs Market: ICE exceeded the US Market which returned 30.3% over the past year.
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
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
|ICE fundamental statistics|
Is ICE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ICE income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||5.00|
|Net Profit Margin||42.73%|
How did ICE perform over the long term?See historical performance and comparison
1.0%Current Dividend Yield
Is Intercontinental Exchange undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ICE ($131.6) is trading above our estimate of fair value ($101.7)
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 (26.3x) compared to the US Capital Markets industry average (16.5x).
PE vs Market: ICE is poor value based on its PE Ratio (26.3x) compared to the US market (18.2x).
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 (3.5x) compared to the US Capital Markets industry average (61.3x).
How is Intercontinental Exchange forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
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 (-1.8% per year).
Earnings vs Market: ICE's earnings are forecast to decline over the next 3 years (-1.8% per year).
High Growth Earnings: ICE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ICE's revenue (4.7% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: ICE's revenue (4.7% 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 (12.3%).
How has Intercontinental Exchange performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ICE has a large one-off gain of $1.1B impacting its June 30 2021 financial results.
Growing Profit Margin: ICE's current net profit margins (42.7%) are higher than last year (38.5%).
Past Earnings Growth Analysis
Earnings Trend: ICE's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: ICE's earnings growth over the past year (30.9%) exceeds its 5-year average (7.4% per year).
Earnings vs Industry: ICE earnings growth over the past year (30.9%) underperformed the Capital Markets industry 77.6%.
Return on Equity
High ROE: ICE's Return on Equity (13.3%) is considered low.
How is Intercontinental Exchange's financial position?
Financial Position Analysis
Short Term Liabilities: ICE's short term assets ($96.1B) exceed its short term liabilities ($94.3B).
Long Term Liabilities: ICE's short term assets ($96.1B) exceed its long term liabilities ($18.7B).
Debt to Equity History and Analysis
Debt Level: ICE's debt to equity ratio (68.2%) is considered high.
Reducing Debt: ICE's debt to equity ratio has increased from 42.5% to 68.2% over the past 5 years.
Debt Coverage: ICE's debt is well covered by operating cash flow (21.5%).
Interest Coverage: ICE's interest payments on its debt are well covered by EBIT (8.4x coverage).
What is Intercontinental Exchange current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ICE's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: ICE's dividend (1%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ICE has been paying a dividend for less than 10 years.
Growing Dividend: ICE's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25%), ICE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ICE's dividends in 3 years are forecast to be well covered by earnings (25.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Sprecher (66 yo)
Mr. Jeffrey C. Sprecher, also known as Jeff, Founded Intercontinental Exchange, Inc. He has been the Chairman of Intercontinental Exchange, Inc. (“ICE”) since November 2002 and has been its Chief Executive...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD14.54M) is above average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Experienced Management: ICE's management team is considered experienced (4.7 years average tenure).
Experienced Board: ICE's board of directors are considered experienced (5.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ICE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Intercontinental Exchange, Inc.'s employee growth, exchange listings and data sources
- Name: Intercontinental Exchange, Inc.
- Ticker: ICE
- Exchange: NYSE
- Founded: 2000
- Industry: Financial Exchanges and Data
- Sector: Diversified Financials
- Market Cap: US$74.111b
- Shares outstanding: 563.16m
- Website: https://www.intercontinentalexchange.com
Number of Employees
- Intercontinental Exchange, Inc.
- 5660 New Northside Drive NW
- 3rd Floor
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 22:14|
|End of Day Share Price||2021/10/22 00:00|
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.