(ICE) Intercontinental Exchange - Ratings and Ratios
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US45866F1049
Exchange Platforms, Derivatives Clearing, Fixed-Income Data, Mortgage Tech
Dividends
| Dividend Yield | 1.53% |
| Yield on Cost 5y | 2.31% |
| Yield CAGR 5y | 10.67% |
| Payout Consistency | 93.1% |
| Payout Ratio | 28.4% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 17.2% |
| Value at Risk 5%th | 27.3% |
| Relative Tail Risk | -3.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.25 |
| Alpha | -11.47 |
| CAGR/Max DD | 0.68 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.559 |
| Beta | 0.431 |
| Beta Downside | 0.573 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.53% |
| Mean DD | 3.99% |
| Median DD | 2.10% |
Description: ICE Intercontinental Exchange December 02, 2025
Intercontinental Exchange (ICE) operates three core businesses-Exchanges, Fixed Income & Data Services, and Mortgage Technology-delivering trading infrastructure, pricing and analytics, and end-to-end digital workflows for U.S. residential mortgages across North America, Europe, Asia and the Middle East. The firm’s exchange platform supports listed equities, futures and cleared derivatives, while its data arm supplies reference data, indices and CDS clearing; the mortgage segment automates the loan-to-closing process to reduce operational risk.
Key recent metrics: FY 2023 revenue reached $9.4 billion, with the Fixed Income & Data Services segment contributing a 12 % YoY revenue growth driven by heightened demand for interest-rate analytics amid a rising-rate environment. ICE’s exchange volume rose ~8 % year-over-year, reflecting robust activity in energy and commodity futures. The Mortgage Technology platform now processes over 1 million loan applications annually, positioning it as a leading digital solution in a market where regulatory scrutiny is tightening.
For a deeper quantitative view of ICE’s valuation dynamics, you may find ValueRay’s analyst toolkit useful for further exploration.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (3.23b TTM) > 0 and > 6% of Revenue (6% = 720.2m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 0.53pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 8.88% (prev 1.17%; Δ 7.71pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 4.89b > Net Income 3.23b (YES >=105%, WARN >=100%) |
| Net Debt (17.54b) to EBITDA (6.46b) ratio: 2.72 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.01 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (574.0m) change vs 12m ago -0.52% (target <= -2.0% for YES) |
| Gross Margin 63.70% (prev 56.22%; Δ 7.48pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 8.69% (prev 8.43%; Δ 0.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.03 (EBITDA TTM 6.46b / Interest Expense TTM 812.0m) >= 6 (WARN >= 3) |
Altman Z'' 0.93
| (A) 0.01 = (Total Current Assets 90.85b - Total Current Liabilities 89.78b) / Total Assets 140.90b |
| (B) 0.14 = Retained Earnings (Balance) 19.70b / Total Assets 140.90b |
| (C) 0.04 = EBIT TTM 4.90b / Avg Total Assets 138.05b |
| (D) 0.17 = Book Value of Equity 19.46b / Total Liabilities 112.19b |
| Total Rating: 0.93 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 74.55
| 1. Piotroski 6.0pt |
| 2. FCF Yield 4.21% |
| 3. FCF Margin 36.74% |
| 4. Debt/Equity 0.68 |
| 5. Debt/Ebitda 2.72 |
| 6. ROIC - WACC (= 1.65)% |
| 7. RoE 11.47% |
| 8. Rev. Trend 76.58% |
| 9. EPS Trend 84.87% |
What is the price of ICE shares?
As of December 04, 2025, the stock is trading at USD 155.36 with a total of 4,796,177 shares traded.
Over the past week, the price has changed by -0.38%, over one month by +6.71%, over three months by -11.02% and over the past year by -0.75%.
Over the past week, the price has changed by -0.38%, over one month by +6.71%, over three months by -11.02% and over the past year by -0.75%.
Is ICE a buy, sell or hold?
Intercontinental Exchange has received a consensus analysts rating of 4.11.
Therefore, it is recommended to buy ICE.
- Strong Buy: 7
- Buy: 7
- Hold: 3
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the ICE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 191.9 | 23.5% |
| Analysts Target Price | 191.9 | 23.5% |
| ValueRay Target Price | 160.4 | 3.2% |
ICE Fundamental Data Overview November 26, 2025
Market Cap USD = 87.52b (87.52b USD * 1.0 USD.USD)
P/E Trailing = 27.8506
P/E Forward = 20.4499
P/S = 8.9768
P/B = 3.074
P/EG = 2.0516
Beta = 1.059
Revenue TTM = 12.00b USD
EBIT TTM = 4.90b USD
EBITDA TTM = 6.46b USD
Long Term Debt = 17.37b USD (from longTermDebt, last quarter)
Short Term Debt = 1.67b USD (from shortTermDebt, last quarter)
Debt = 19.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.54b USD (from netDebt column, last quarter)
Enterprise Value = 104.81b USD (87.52b + Debt 19.51b - CCE 2.22b)
Interest Coverage Ratio = 6.03 (Ebit TTM 4.90b / Interest Expense TTM 812.0m)
FCF Yield = 4.21% (FCF TTM 4.41b / Enterprise Value 104.81b)
FCF Margin = 36.74% (FCF TTM 4.41b / Revenue TTM 12.00b)
Net Margin = 26.93% (Net Income TTM 3.23b / Revenue TTM 12.00b)
Gross Margin = 63.70% ((Revenue TTM 12.00b - Cost of Revenue TTM 4.36b) / Revenue TTM)
Gross Margin QoQ = 70.15% (prev 76.85%)
Tobins Q-Ratio = 0.74 (Enterprise Value 104.81b / Total Assets 140.90b)
Interest Expense / Debt = 0.98% (Interest Expense 192.0m / Debt 19.51b)
Taxrate = 21.70% (250.0m / 1.15b)
NOPAT = 3.84b (EBIT 4.90b * (1 - 21.70%))
Current Ratio = 1.01 (Total Current Assets 90.85b / Total Current Liabilities 89.78b)
Debt / Equity = 0.68 (Debt 19.51b / totalStockholderEquity, last quarter 28.64b)
Debt / EBITDA = 2.72 (Net Debt 17.54b / EBITDA 6.46b)
Debt / FCF = 3.98 (Net Debt 17.54b / FCF TTM 4.41b)
Total Stockholder Equity = 28.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.29% (Net Income 3.23b / Total Assets 140.90b)
RoE = 11.47% (Net Income TTM 3.23b / Total Stockholder Equity 28.18b)
RoCE = 10.75% (EBIT 4.90b / Capital Employed (Equity 28.18b + L.T.Debt 17.37b))
RoIC = 8.01% (NOPAT 3.84b / Invested Capital 47.90b)
WACC = 6.36% (E(87.52b)/V(107.03b) * Re(7.60%) + D(19.51b)/V(107.03b) * Rd(0.98%) * (1-Tc(0.22)))
Discount Rate = 7.60% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 0.79%
[DCF Debug] Terminal Value 79.66% ; FCFE base≈4.05b ; Y1≈4.47b ; Y5≈5.78b
Fair Price DCF = 176.2 (DCF Value 100.44b / Shares Outstanding 570.2m; 5y FCF grow 11.86% → 3.0% )
EPS Correlation: 84.87 | EPS CAGR: 6.72% | SUE: 0.87 | # QB: 2
Revenue Correlation: 76.58 | Revenue CAGR: 1.72% | SUE: 0.09 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.83 | Chg30d=-0.030 | Revisions Net=-10 | Analysts=11
EPS next Year (2026-12-31): EPS=7.49 | Chg30d=-0.084 | Revisions Net=-8 | Growth EPS=+8.4% | Growth Revenue=+6.0%
P/E Trailing = 27.8506
P/E Forward = 20.4499
P/S = 8.9768
P/B = 3.074
P/EG = 2.0516
Beta = 1.059
Revenue TTM = 12.00b USD
EBIT TTM = 4.90b USD
EBITDA TTM = 6.46b USD
Long Term Debt = 17.37b USD (from longTermDebt, last quarter)
Short Term Debt = 1.67b USD (from shortTermDebt, last quarter)
Debt = 19.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 17.54b USD (from netDebt column, last quarter)
Enterprise Value = 104.81b USD (87.52b + Debt 19.51b - CCE 2.22b)
Interest Coverage Ratio = 6.03 (Ebit TTM 4.90b / Interest Expense TTM 812.0m)
FCF Yield = 4.21% (FCF TTM 4.41b / Enterprise Value 104.81b)
FCF Margin = 36.74% (FCF TTM 4.41b / Revenue TTM 12.00b)
Net Margin = 26.93% (Net Income TTM 3.23b / Revenue TTM 12.00b)
Gross Margin = 63.70% ((Revenue TTM 12.00b - Cost of Revenue TTM 4.36b) / Revenue TTM)
Gross Margin QoQ = 70.15% (prev 76.85%)
Tobins Q-Ratio = 0.74 (Enterprise Value 104.81b / Total Assets 140.90b)
Interest Expense / Debt = 0.98% (Interest Expense 192.0m / Debt 19.51b)
Taxrate = 21.70% (250.0m / 1.15b)
NOPAT = 3.84b (EBIT 4.90b * (1 - 21.70%))
Current Ratio = 1.01 (Total Current Assets 90.85b / Total Current Liabilities 89.78b)
Debt / Equity = 0.68 (Debt 19.51b / totalStockholderEquity, last quarter 28.64b)
Debt / EBITDA = 2.72 (Net Debt 17.54b / EBITDA 6.46b)
Debt / FCF = 3.98 (Net Debt 17.54b / FCF TTM 4.41b)
Total Stockholder Equity = 28.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.29% (Net Income 3.23b / Total Assets 140.90b)
RoE = 11.47% (Net Income TTM 3.23b / Total Stockholder Equity 28.18b)
RoCE = 10.75% (EBIT 4.90b / Capital Employed (Equity 28.18b + L.T.Debt 17.37b))
RoIC = 8.01% (NOPAT 3.84b / Invested Capital 47.90b)
WACC = 6.36% (E(87.52b)/V(107.03b) * Re(7.60%) + D(19.51b)/V(107.03b) * Rd(0.98%) * (1-Tc(0.22)))
Discount Rate = 7.60% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 0.79%
[DCF Debug] Terminal Value 79.66% ; FCFE base≈4.05b ; Y1≈4.47b ; Y5≈5.78b
Fair Price DCF = 176.2 (DCF Value 100.44b / Shares Outstanding 570.2m; 5y FCF grow 11.86% → 3.0% )
EPS Correlation: 84.87 | EPS CAGR: 6.72% | SUE: 0.87 | # QB: 2
Revenue Correlation: 76.58 | Revenue CAGR: 1.72% | SUE: 0.09 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.83 | Chg30d=-0.030 | Revisions Net=-10 | Analysts=11
EPS next Year (2026-12-31): EPS=7.49 | Chg30d=-0.084 | Revisions Net=-8 | Growth EPS=+8.4% | Growth Revenue=+6.0%
Additional Sources for ICE Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle