ICE Stock Analysis: Intercontinental Exchange | NYSE
Financial Data & Stock Exchanges | NYSE, USA | Market Cap: 85.349m USD | 12M Return: -4.5% | US45866F1049 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 410M
EPS Trend: 97.7%
Qual. Beats: 5
Rev. Trend: 97.7%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 (NYSE: ICE) is a global operator of regulated financial marketplaces, data services, and mortgage technology platforms. Founded in 2000 and headquartered in Atlanta, Georgia, the company serves financial institutions, corporations, and government entities across the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East. Its business is organized into three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
The Exchanges segment operates the companys core marketplace infrastructure, providing listing, trading, and clearing services for derivatives contracts and financial securities spanning commodities, interest rates, foreign exchange, equities, and funds. The Fixed Income and Data Services segment supplies pricing, reference data, indices, analytics, and execution services, along with global CDS clearing. The Mortgage Technology segment offers a digital workflow platform serving the U.S. residential mortgage market from origination through servicing and the secondary market.
ICE sits within the Financial Exchanges & Data sub-industry, a sector characterized by regulated infrastructure, a mix of transaction-based and recurring subscription revenue, and strong network effects that tend to reinforce incumbent operators with established clearing and listings franchises.
- Energy derivatives trading volumes track oil price volatility
- Mortgage Technology revenue pressured by rising interest rates
- Fixed Income Data Services expands through strategic acquisitions
| 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 (19.3b) to EBITDA (6.98b): 2.76 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (566.0m) vs 12m ago -1.57% < -2% |
| Gross Margin: 73.42% > 18% (prev 54.78%; Δ 18.64% > 0.5%) |
| Asset Turnover: 8.43% > 50% (prev 8.71%; Δ -0.28% > 0%) |
| Interest Coverage Ratio: 6.95 > 6 (EBIT TTM 5.43b / 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 5.43b / 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: 0.75 (GM 54.78% / 73.42%) |
| 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 = -3.63 (Cap -4..+1) = AAA |
As of October 09, 2026, the stock is trading at USD 152.59 with a total of 1,638,131 shares traded. Over the past week, the price has changed by +0.37%, over one month by -2.96%, over three months by +12.20% and over the past year by -4.54%.
Current recommended Stop Loss: 148.00 (which is 3% 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 | 187.3 | 22.7% |
P/E Trailing = 21.4429
P/E Forward = 18.0832
P/S = 8.0838
P/B = 2.9703
P/EG = 2.1595
Revenue TTM = 13.4b USD
EBIT TTM = 5.43b USD
EBITDA TTM = 6.98b USD
Long Term Debt = 18.6b USD (from longTermDebt, last quarter)
Short Term Debt = 1.24b USD (from shortTermDebt, last quarter)
Debt = 21.2b USD (from shortLongTermDebtTotal, last quarter) + Leases 681.0m
Net Debt = 19.3b USD (calculated: Debt 21.2b - CCE 1.95b)
Enterprise Value = 105b USD (85.3b + Debt 21.2b - CCE 1.95b)
Interest Coverage Ratio = 6.95 (Ebit TTM 5.43b / Interest Expense TTM 782.0m)
EV/FCF = 21.58x (Enterprise Value 105b / FCF TTM 4.85b)
FCF Yield = 4.63% (FCF TTM 4.85b / Enterprise Value 105b)
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 = 73.42% ((Revenue TTM 13.4b - Cost of Revenue TTM 3.57b) / Revenue TTM)
Gross Margin QoQ = 73.83% (prev 81.21%)
Tobins Q-Ratio = 0.60 (Enterprise Value 105b / Total Assets 174b)
Interest Expense / Debt = 3.69% (Interest Expense 782.0m / Debt 21.2b)
Taxrate = 23.36% (1.25b / 5.33b)
NOPAT = 4.16b (EBIT 5.43b * (1 - 23.36%))
Current Ratio = 1.01 (Total Current Assets 122b / Total Current Liabilities 121b)
Debt / Equity = 0.72 (Debt 21.2b / totalStockholderEquity, last quarter 29.6b)
Debt / EBITDA = 2.76 (Net Debt 19.3b / EBITDA 6.98b)
Debt / FCF = 3.97 (Net Debt 19.3b / 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 = 11.36% (EBIT 5.43b / Capital Employed (Equity 29.2b + L.T.Debt 18.6b))
RoIC = 7.68% (NOPAT 4.16b / Invested Capital 54.2b)
WACC = 5.39% (E(85.3b)/V(107b) * Re(6.03%) + D(21.2b)/V(107b) * Rd(3.69%) * (1-Tc(0.23)))
Discount Rate = 6.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -79.42 | Cagr: -0.70%
[DCF] Terminal Value 76.75% ; FCFF base≈4.66b ; Y1≈5.10b ; Y5≈6.40b
[DCF] Fair Price = 140.0 (EV 97.9b - Net Debt 19.3b = Equity 78.6b / Shares 561.4m; 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=1.90 | Chg30d=-1.58% | Revisions=+18% | Analysts=12
EPS current Year (2026-12-31): EPS=8.13 | Chg30d=-0.23% | Revisions=+53% | GrowthEPS=+17.0% | GrowthRev=+10.8%
EPS next Year (2027-12-31): EPS=8.80 | Chg30d=-0.03% | Revisions=+17% | GrowthEPS=+8.3% | GrowthRev=+5.4%
[Analyst] Revisions Ratio: +42% (up=17, down=6)