ICE Stock Analysis: Intercontinental Exchange | NYSE
Financial Data & Stock Exchanges | NYSE, USA | Market Cap: 87.247m USD | 12M Return: -19% | US45866F1049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 583M
EPS Trend: 97.7%
Qual. Beats: 5
Rev. Trend: 97.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 4.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.25 > 1.0 |
| NWC/Revenue: 11.08% < 20% (prev 4.19%; Δ 6.89% < -1%) |
| CFO/TA 0.03 > 3% & CFO 5.51b > Net Income 4.03b |
| Net Debt (19.9b) to EBITDA (7.00b): 2.84 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (561.0m) vs 12m ago -2.43% < -2% |
| Gross Margin: 67.83% > 18% (prev 54.78%; Δ 13.05% > 0.5%) |
| Asset Turnover: 8.43% > 50% (prev 8.71%; Δ -0.28% > 0%) |
| Interest Coverage Ratio: 6.96 > 6 (EBIT TTM 5.45b / Interest Expense TTM 782.0m) |
| A: 0.01 (Total Current Assets 122b - Total Current Liabilities 121b) / Total Assets 174b |
| B: 0.13 (Retained Earnings 22.1b / Total Assets 174b) |
| C: 0.03 (EBIT TTM 5.45b / Avg Total Assets 159b) |
| D: 0.20 (Book Value of Equity 29.6b / Total Liabilities 145b) |
| Altman-Z'' = 0.91 = BB |
| DSRI: 0.59 (Receivables 1.87b/2.96b, Revenue 13.4b/12.6b) |
| GMI: 0.81 (GM 54.78% / 67.83%) |
| AQI: 0.85 (AQ_t 0.28 / AQ_t-1 0.33) |
| SGI: 1.07 (Revenue 13.4b / 12.6b) |
| TATA: -0.01 (NI 4.03b - CFO 5.51b) / TA 174b) |
| Beneish M = -3.58 (Cap -4..+1) = AAA |
As of August 09, 2026, the stock is trading at USD 150.30 with a total of 2,390,228 shares traded. Over the past week, the price has changed by -1.43%, over one month by +10.15%, over three months by -3.36% and over the past year by -19.04%.
Current recommended Stop Loss: 140.70 (which is 6.4% or 2.3 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 | 178.4 | 18.7% |
P/E Trailing = 22.4849
P/E Forward = 23.6407
P/S = 6.7631
P/B = 2.9597
P/EG = 2.4961
Revenue TTM = 13.4b USD
EBIT TTM = 5.45b USD
EBITDA TTM = 7.00b USD
Long Term Debt = 18.6b USD (from longTermDebt, last quarter)
Short Term Debt = 1.22b USD (from shortLongTermDebt, last quarter)
Debt = 21.0b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 681.0m
Net Debt = 19.9b USD (calculated: Debt 21.0b - CCE 1.07b)
Enterprise Value = 107b USD (87.2b + Debt 21.0b - CCE 1.07b)
Interest Coverage Ratio = 6.96 (Ebit TTM 5.45b / Interest Expense TTM 782.0m)
EV/FCF = 22.10x (Enterprise Value 107b / FCF TTM 4.85b)
FCF Yield = 4.52% (FCF TTM 4.85b / Enterprise Value 107b)
FCF Margin = 36.11% (FCF TTM 4.85b / Revenue TTM 13.4b)
Net Margin = 30.00% (Net Income TTM 4.03b / Revenue TTM 13.4b)
Gross Margin = 67.83% ((Revenue TTM 13.4b - Cost of Revenue TTM 4.32b) / Revenue TTM)
Gross Margin QoQ = 53.03% (prev 81.21%)
Tobins Q-Ratio = 0.61 (Enterprise Value 107b / Total Assets 174b)
Interest Expense / Debt = 3.73% (Interest Expense 782.0m / Debt 21.0b)
Taxrate = 23.07% (1.23b / 5.33b)
NOPAT = 4.19b (EBIT 5.45b * (1 - 23.07%))
Current Ratio = 1.01 (Total Current Assets 122b / Total Current Liabilities 121b)
Debt / Equity = 0.71 (Debt 21.0b / totalStockholderEquity, last quarter 29.6b)
Debt / EBITDA = 2.84 (Net Debt 19.9b / EBITDA 7.00b)
Debt / FCF = 4.10 (Net Debt 19.9b / FCF TTM 4.85b)
Total Stockholder Equity = 29.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.53% (Net Income 4.03b / Total Assets 174b)
RoE = 13.81% (Net Income TTM 4.03b / Total Stockholder Equity 29.2b)
RoCE = 11.39% (EBIT 5.45b / Capital Employed (Equity 29.2b + L.T.Debt 18.6b))
RoIC = 7.75% (NOPAT 4.19b / Invested Capital 54.0b)
WACC = 5.38% (E(87.2b)/V(108b) * Re(5.98%) + D(21.0b)/V(108b) * Rd(3.73%) * (1-Tc(0.23)))
Discount Rate = 5.98% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 3.33 | Cagr: 0.39%
[DCF] Terminal Value 76.75% ; FCFF base≈4.66b ; Y1≈5.10b ; Y5≈6.40b
[DCF] Fair Price = 137.9 (EV 97.9b - Net Debt 19.9b = Equity 78.0b / Shares 565.5m; r=8.35% [WACC [floored]]; 5y FCF grow 10.79% → 2.50% )
EPS Correlation: 97.69 | EPS CAGR: 13.07% | SUE: 1.75 | # QB: 5
Revenue Correlation: 97.70 | Revenue CAGR: 12.97% | SUE: 1.10 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.86 | Chg30d=-2.48% | Revisions=+0% | Analysts=8
EPS current Year (2026-12-31): EPS=7.97 | Chg30d=-2.00% | Revisions=+17% | GrowthEPS=+14.7% | GrowthRev=+10.0%
EPS next Year (2027-12-31): EPS=8.70 | Chg30d=-1.32% | Revisions=+17% | GrowthEPS=+9.1% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +18% (up=5, down=3)