ICE Stock Analysis: Intercontinental Exchange | NYSE
Financial Data & Stock Exchanges | NYSE, USA | Market Cap: 69.620m USD | 12M Return: -25.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 681M
EPS Trend: 87.8%
Qual. Beats: 4
Rev. Trend: 98.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Intercontinental Exchange (ICE) is a global provider of technology, data, and marketplace infrastructure serving financial institutions, corporations, and government entities across the United States, Europe, Asia Pacific, and the Middle East. The financial exchanges and data industry is highly consolidated, with a few large operators running regulated trading venues, clearing houses, and reference data businesses that benefit from strong network effects and high barriers to entry.
ICE operates through three reportable segments. The Exchanges segment runs regulated marketplaces for the listing, trading, and clearing of derivatives (commodities, interest rates, and foreign exchange) as well as financial securities, including equities, corporate funds, and exchange-traded funds; it also sells related data and connectivity services. The Fixed Income and Data Services segment delivers fixed income pricing, reference data, indices, analytics, execution services, global CDS clearing, and multi-asset data delivery technology. The Mortgage Technology segment provides an end-to-end digital workflow platform serving the U.S. residential mortgage market across origination, closing, servicing, and the secondary market.
ICE was founded in 2000 and is headquartered in Atlanta, Georgia. The company is listed on the NYSE under the ticker ICE and falls within the Financial Exchanges & Data sub-industry classification.
- Interest rate volatility lifts derivatives trading and clearing volumes
- Mortgage origination decline pressures Black Knight integration margins
- Fixed Income data and indices growth offsets exchange cyclicality
| 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 July 03, 2026, the stock is trading at USD 132.99 with a total of 3,695,368 shares traded. Over the past week, the price has changed by +6.83%, over one month by -6.25%, over three months by -18.10% and over the past year by -25.89%.
Current recommended Stop Loss: 127.40 (which is 4.2% or 1.4 ATR below the current price).
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 | 195 | 46.6% |
P/E Trailing = 17.9199
P/E Forward = 17.8571
P/S = 6.6718
P/B = 2.3618
P/EG = 1.9082
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 = 88.8b USD (69.6b + Debt 21.6b - CCE 2.38b)
Interest Coverage Ratio = 6.53 (Ebit TTM 5.08b / Interest Expense TTM 778.0m)
EV/FCF = 19.49x (Enterprise Value 88.8b / FCF TTM 4.56b)
FCF Yield = 5.13% (FCF TTM 4.56b / Enterprise Value 88.8b)
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 = 0.50 (Enterprise Value 88.8b / 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 = 5.65% (E(69.6b)/V(91.2b) * Re(6.54%) + D(21.6b)/V(91.2b) * Rd(3.60%) * (1-Tc(0.23)))
Discount Rate = 6.54% (= 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 (2026-09-30): EPS=1.91 | Chg30d=+0.03% | Revisions=+0% | Analysts=12
EPS current Year (2026-12-31): EPS=8.14 | Chg30d=+0.03% | Revisions=+0% | GrowthEPS=+17.1% | GrowthRev=+10.5%
EPS next Year (2027-12-31): EPS=8.81 | Chg30d=-0.08% | Revisions=+25% | GrowthEPS=+8.2% | GrowthRev=+5.1%
[Analyst] Revisions Ratio: +25%