(ICE) Intercontinental Exchange - Overview
Sector: Financial Services | Industry: Financial Data & Stock Exchanges | Exchange: NYSE (USA) | Market Cap: 83.611m USD | Total Return: -21.9% in 12m
Avg Turnover: 519M
EPS Trend: 87.8%
Qual. Beats: 4
Rev. Trend: 98.0%
Qual. Beats: 0
Warnings
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Intercontinental Exchange (ICE) is a global provider of marketplace infrastructure, data services, and technology solutions for financial and commodity markets. The company operates through three primary segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. Its core business facilitates the listing, trading, and clearing of diverse asset classes including energy derivatives, equities, and interest rate products.
The company utilizes a high-margin, transaction-based business model supplemented by recurring data subscription revenue. Within the Financial Exchanges & Data sub-industry, competitive advantages are often driven by network effects, where increased liquidity on a platform attracts more participants, creating high barriers to entry for new competitors. ICE has expanded its total addressable market by digitizing the U.S. residential mortgage workflow, transitioning traditional paper-based processes into integrated software solutions.
For more detailed metrics on this companys performance, consider reviewing the latest data on ValueRay. Founded in 2000 and headquartered in Atlanta, Georgia, the firm maintains a significant presence across major global financial hubs, supporting both regulatory compliance and market transparency for institutional and government clients.
- High interest rate volatility drives trading volumes in financial and energy derivatives
- Mortgage technology revenue depends on US residential loan origination and refinancing volumes
- Expansion of recurring data services revenue stabilizes margins during low volatility periods
- Regulatory scrutiny of exchange pricing models impacts clearing and execution fee structures
- Energy market transition increases demand for environmental and carbon credit trading products
| Net Income: 3.92b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.23 > 1.0 |
| NWC/Revenue: 10.52% < 20% (prev -0.62%; Δ 11.15% < -1%) |
| CFO/TA 0.03 > 3% & CFO 5.02b > Net Income 3.92b |
| Net Debt (19.2b) to EBITDA (6.63b): 2.90 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (570.0m) vs 12m ago -1.21% < -2% |
| Gross Margin: 68.98% > 18% (prev 54.79%; Δ 14.19% > 0.5%) |
| Asset Turnover: 8.12% > 50% (prev 8.53%; Δ -0.41% > 0%) |
| Interest Coverage Ratio: 6.53 > 6 (EBIT TTM 5.08b / Interest Expense TTM 778.0m) |
| A: 0.01 (Total Current Assets 127b - Total Current Liabilities 126b) / Total Assets 179b |
| B: 0.12 (Retained Earnings 21.4b / Total Assets 179b) |
| C: 0.03 (EBIT TTM 5.08b / Avg Total Assets 161b) |
| D: 0.20 (Book Value of Equity 29.6b / Total Liabilities 150b) |
| Altman-Z'' = 0.86 = B |
| DSRI: 0.62 (Receivables 2.38b/3.60b, Revenue 13.1b/12.2b) |
| GMI: 0.79 (GM 54.79% / 68.98%) |
| AQI: 0.82 (AQ_t 0.28 / AQ_t-1 0.34) |
| SGI: 1.07 (Revenue 13.1b / 12.2b) |
| TATA: -0.01 (NI 3.92b - CFO 5.02b) / TA 179b) |
| Beneish M = -3.58 (Cap -4..+1) = AAA |
As of June 04, 2026, the stock is trading at USD 138.45 with a total of 3,972,258 shares traded.
Over the past week, the price has changed by -7.52%,
over one month by -11.50%,
over three months by -15.71% and
over the past year by -21.89%.
Intercontinental Exchange has received a consensus analysts rating of 4.11. Therefore, it is recommended to buy ICE.
- StrongBuy: 7
- Buy: 7
- Hold: 3
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 199.5 | 44.1% |
P/E Trailing = 21.4898
P/E Forward = 21.4133
P/S = 8.0126
P/B = 2.8364
P/EG = 2.2917
Revenue TTM = 13.1b USD
EBIT TTM = 5.08b USD
EBITDA TTM = 6.63b USD
Long Term Debt = 18.6b USD (from longTermDebt, last quarter)
Short Term Debt = 1.75b USD (from shortTermDebt, last quarter)
Debt = 21.6b USD (from shortLongTermDebtTotal, last quarter) + Leases 615.0m
Net Debt = 19.2b USD (calculated: Debt 21.6b - CCE 2.38b)
Enterprise Value = 103b USD (83.6b + Debt 21.6b - CCE 2.38b)
Interest Coverage Ratio = 6.53 (Ebit TTM 5.08b / Interest Expense TTM 778.0m)
EV/FCF = 22.56x (Enterprise Value 103b / FCF TTM 4.56b)
FCF Yield = 4.43% (FCF TTM 4.56b / Enterprise Value 103b)
FCF Margin = 34.86% (FCF TTM 4.56b / Revenue TTM 13.1b)
Net Margin = 29.98% (Net Income TTM 3.92b / Revenue TTM 13.1b)
Gross Margin = 68.98% ((Revenue TTM 13.1b - Cost of Revenue TTM 4.06b) / Revenue TTM)
Gross Margin QoQ = 81.21% (prev 79.75%)
Tobins Q-Ratio = 0.57 (Enterprise Value 103b / Total Assets 179b)
Interest Expense / Debt = 3.60% (Interest Expense 778.0m / Debt 21.6b)
Taxrate = 23.19% (1.20b / 5.18b)
NOPAT = 3.90b (EBIT 5.08b * (1 - 23.19%))
Current Ratio = 1.01 (Total Current Assets 127b / Total Current Liabilities 126b)
Debt / Equity = 0.73 (Debt 21.6b / totalStockholderEquity, last quarter 29.6b)
Debt / EBITDA = 2.90 (Net Debt 19.2b / EBITDA 6.63b)
Debt / FCF = 4.22 (Net Debt 19.2b / FCF TTM 4.56b)
Total Stockholder Equity = 28.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.43% (Net Income 3.92b / Total Assets 179b)
RoE = 13.57% (Net Income TTM 3.92b / Total Stockholder Equity 28.9b)
RoCE = 10.69% (EBIT 5.08b / Capital Employed (Equity 28.9b + L.T.Debt 18.6b))
RoIC = 7.15% (NOPAT 3.90b / Invested Capital 54.6b)
WACC = 5.95% (E(83.6b)/V(105b) * Re(6.77%) + D(21.6b)/V(105b) * Rd(3.60%) * (1-Tc(0.23)))
Discount Rate = 6.77% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -21.48 | Cagr: 0.39%
[DCF] Terminal Value 77.97% ; FCFF base≈4.32b ; Y1≈4.95b ; Y5≈7.29b
[DCF] Fair Price = 159.9 (EV 110b - Net Debt 19.2b = Equity 90.4b / Shares 565.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 87.84 | EPS CAGR: 11.12% | SUE: 1.97 | # QB: 4
Revenue Correlation: 98.03 | Revenue CAGR: 13.35% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.92 | Chg30d=-3.22% | Revisions=-23% | Analysts=12
EPS next Quarter (2026-09-30): EPS=1.91 | Chg30d=+0.99% | Revisions=+17% | Analysts=12
EPS current Year (2026-12-31): EPS=8.14 | Chg30d=+1.50% | Revisions=+53% | GrowthEPS=+17.1% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=8.82 | Chg30d=+1.08% | Revisions=+53% | GrowthEPS=+8.3% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +53%