ICE

Intercontinental Exchange, Inc.

Fundamental data last updated:October 31, 2026

We may earn a commission from partner links. This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate.

company profile

SECTOR

Financial Services

industry

Financial - Data & Stock Exchanges

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Intercontinental Exchange, Inc. (ICE) manages a global network of regulated financial venues, encompassing exchanges, clearing houses, and listing platforms. These operations serve diverse markets, including commodities, financial instruments, fixed income products, and equities, with a geographical footprint spanning key financial centers such as the United States, United Kingdom, European Union, Singapore, Israel, and Canada. The company's business is segmented into three core areas: Exchanges, Fixed Income and Data Services, and Mortgage Technology. Within its Exchanges segment, ICE oversees a robust network comprising 13 regulated exchanges and 6 clearing houses. These extensive marketplaces enable the listing, trading, and clearing of a wide spectrum of derivatives contracts and financial securities. This includes futures and options across diverse sectors such as energy, agriculture, metals, financials, and equities, in addition to providing critical listing, market data, and connectivity solutions. The Fixed Income and Data Services division provides comprehensive analytics and execution services for fixed income products, manages Credit Default Swap (CDS) clearing, and offers multi-asset class data and network solutions. Furthermore, its Mortgage Technology segment delivers an advanced, proprietary platform designed for residential mortgage origination. This division also provides closing solutions that streamline connections across the mortgage supply chain and facilitate secure information exchange, alongside data analytics and "Data as a Service" offerings for lenders to access vital origination insights. Intercontinental Exchange, Inc. was established in 2000 and maintains its headquarters in Atlanta, Georgia.

 


VALUATION

P/E

19.51

Market Cap ($M USD)

$76.29B

Forward P/E

10.71

PEG

0.13

PRICE TO SALES

5.84

PRICE TO BOOK

2.59

EV / EBITDA

14.44

5-Year Average P/E

Free Cash Flow Yield

5.97%

DCF Value

$171.71

Graham Number

$90.06

Price to FCF

16.74

EV to FCF

21.01

Earnings Yield

5.12%

FCF Yield

5.97%

DIVIDEND

Yield

1.48%

Annual Payout

$2.00

Payout Ratio

28.67%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$6.91

Next Year EPS Growth Estimate

$12.60

Next Year Revenue Growth Estimate

$13.94B

Return on Equity (ROE)

13.57%

FREE CASH FLOW

Operating Margin

40.84%

Debt-to-Equity

0.70

Piotroski F-Score

7

Altman Z-Score

0.64

Return on Invested Capital (ROIC)

9.98%

Current Ratio

1.01

Quick Ratio

1.01

Net Debt to EBITDA

2.94

Interest Coverage

6.86

Gross Profit margin

68.98%

FCF PER SHARE

$8.04

REVENUE PER SHARE

$23.06

Gainseekers Quantitative Analysis

Summary

The market seems to be undervaluing Intercontinental Exchange, Inc. based on its DCF Value and Graham Number, suggesting a potential mispricing opportunity. With a Forward P/E of 12.57 and a robust Earnings Yield of 4.42%, the stock appears attractively priced for growth. However, the Altman Z-score of 0.70 raises red flags about financial distress, indicating potential risks. Despite these concerns, the company’s valuation metrics suggest a compelling case for investors seeking growth at a reasonable price.

AI Exposure / Tech Reliance

Operating in the Financial - Data & Stock Exchanges industry, ICE is well-positioned to leverage AI and technological advancements. Its role in facilitating data-driven trading and analytics aligns perfectly with the ongoing digital transformation. This positioning ensures resilience and adaptability in an increasingly tech-centric market.

The Bull Case

For value or GARP investors, ICE presents a compelling opportunity. The company boasts a strong ROIC of 9.98% and a solid Piotroski F-Score of 7, indicating efficient capital allocation and financial health. With an Operating Margin of 40.84% and a respectable FCF Yield, ICE demonstrates significant pricing power and operational efficiency. These metrics suggest a well-managed company capable of delivering consistent returns.

The Bear Case

Despite its strengths, ICE faces structural risks that cannot be ignored. The Price/Book ratio of 3.00 and Price/Sales ratio of 6.77 suggest a potentially overvalued stock relative to its book and sales values. Additionally, the EV to FCF ratio of 23.69 indicates a high valuation on cash flow, which could be a concern if growth expectations aren't met. The stock's proximity to its 52-week high further suggests technical overextension.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$193.63

Institutional Ownership %

1-Year Beta

0.95

Insider Buying % (6 Mo)

Distance to 52-Week High

40.35%

Distance to 52-Week Low

9.73%

EARNINGS SURPRISE %

5.38%

50-DAY SMA

$145.19

200-DAY SMA

$156.81

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.