Fact based stock research
Intercontinental Exchange (NYSE:ICE)

US45866F1049

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:
Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

Intercontinental Exchange stock research in summary

theice.comindex

ANALYSIS: With an Obermatt Combined Rank of 57 (better than 57% compared with investment alternatives), Intercontinental Exchange (Financial Exchanges & Data, USA) shares have above-average financial characteristics compared with similar stocks. Shares of Intercontinental Exchange are low in value (priced high) with a consolidated Value Rank of 30 (worse than 70% of alternatives). But they show above-average growth (Growth Rank of 55) and are safely financed (Safety Rank of 71, which means below-average debt burdens). ...read more

RECOMMENDATION: A Combined Rank of 57, is a buy recommendation based on Intercontinental Exchange's financial characteristics. Investors looking for growth and low financial risk may find this stock attractive. While the company Intercontinental Exchange exhibits low value (Obermatt Value Rank of 30), which means that the stock price is rather high, it also demonstrates above-average growth (Obermatt Growth Rank of 55). This is a typical case, as high-growth companies are often expensive. Good financing practices (Obermatt Safety Rank of 71) are a double-edged sword: if the company continues growing, low debt limits shareholder returns. But if the company increases its debt, it will also increase risk. In other words, this is an investment on the safer side, despite the above-average price (low value). Obermatt Premium subscribers can further check the stock’s Sentiment Ranks, which also flow into the Obermatt 360° View for investors. ...read more

Latest Obermatt Ranks


360° View^new
Sentiment Rank^new
Value Rank	n/a
Growth Rank	n/a
Safety Rank	n/a
Combined Rank	n/a

Country	USA
Industry	Financial Exchanges & Data
Index	Employee Focus US, SDG 17, SDG 4, SDG 5, SDG 7, D.J. US Investing, S&P 500
Size class	X-Large

This stock has achievements: Top 10 Stock.

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Review the performance ranks of the individual metrics that form each investment strategy.

Research History: Intercontinental Exchange

RESEARCH HISTORY	2021	2022	2023	2024
VALUE
VALUE	17	29	35	n/a
GROWTH
GROWTH	35	23	61	n/a
SAFETY
SAFETY	7	70	71	n/a
SENTIMENT
SENTIMENT	n/a	47	79	^new
360° VIEW
360° VIEW	n/a	25	74	^new

Most recent update of the stock research: . Financial reporting date used for calculating ranks: . Stock research history is based on the Obermatt Method. The higher the rank, the better Intercontinental Exchange is in the corresponding investment strategy.
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Combined financial peformance in Detail

RESEARCH HISTORY	2021	2022	2023	2024
VALUE
VALUE	17	29	35	n/a
GROWTH
GROWTH	35	23	61	n/a
SAFETY
SAFETY	7	70	71	n/a
COMBINED
COMBINED	1	23	63	n/a

Last update of combined financial performance: . Stock analysis on combined financial performance: The higher the rank of Intercontinental Exchange the better the performance.

Value Metrics in Detail

ANALYSIS: With an Obermatt Value Rank of 30 (worse than 70% compared with alternatives), Intercontinental Exchange shares are more expensive than the average comparable stock. The Value Rank is based on consolidating four value indicators, with all four indicators below average for Intercontinental Exchange. Price-to-Sales is 20 which means that the stock price compared with what market professionals expect for future profits is higher than 80% of comparable companies, indicating a low value concerning Intercontinental Exchange's sales levels. Price-to-Book Capital (also referred to as market-to-book ratio) also has a low Price-to-Book Rank of 45, which means that both reliable company size indicators, sales, and invested capital cannot explain the high stock price of Intercontinental Exchange. In addition, the two profit-related value indicators, Price-to-Profit (also referred to as price-earnings, P/E) with a low rank of 28 and Dividend Yield, which is lower than 56% of comparable companies, also make the stock more expensive compared with investment alternatives. ...read more

RECOMMENDATION: The overall picture with a consolidated Value Rank of 30, is a hold recommendation based on Intercontinental Exchange's stock price compared with the company's operational size and dividend yields. How can market participants pay such a high price for Intercontinental Exchange? One reason may be that the company is simply too popular. If enough people want a particular stock, its price can exceed reasonable levels. This is often the case for companies offering new and exciting products and everybody wants a piece of the action. Should you pay a lot for a hot stock such as Intercontinental Exchange? It's risky, and even if the stock price continues to grow because of popular demand, it may return to more typical lower levels later. And that return can be sudden and quick, making it impossible for retail investors to exit on time. Sometimes, high prices are deserved. This is the case when it is justified to believe that the company will dominate a market with high profit margins. It has happened in the past for many technology companies and indeed for commercially successful pharmaceutical discoveries. Sometimes they last, sometimes, they get eaten alive. Intercontinental Exchange may be such a type of stock. That would mean, retail investors should be careful, only considering investing a small part of their wealth in this exciting category and always being ready to lose more than half, if not all of the investment. We recommend further analyzing the stock with Obermatt’s Value, Safety, and Sentiment Ranks, including the 360° View, before making an investment decision, which is essential in this case, as the financial indicators are inconclusive. ...read more

VALUE METRICS	2021	2022	2023	2024
PRICE VS. REVENUES (P/S)
PRICE VS. REVENUES (P/S)	13	21	21	n/a
PRICE VS. PROFITS (P/E)
PRICE VS. PROFITS (P/E)	39	27	37	n/a
PRICE VS. CAPITAL (Market-to-Book)
PRICE VS. CAPITAL (Market-to-Book)	31	46	50	n/a
DIVIDEND YIELD
DIVIDEND YIELD	31	51	46	n/a
CONSOLIDATED RANK: VALUE
CONSOLIDATED RANK: VALUE	17	29	35	n/a

Last update of Value Rank: . Stock analysis on value ratios: The higher the rank, the lower the value ratio of Intercontinental Exchange; except for dividend yield where the rank is higher, the higher the yield.

Growth Metrics in Detail

ANALYSIS: With an Obermatt Growth Rank of 55 (better than 55% compared with alternatives), Intercontinental Exchange shows an above-average growth dynamic in its industry. Investors also speak of positive momentum. The Growth Rank is based on consolidating four value indicators, with half of the indicators below and half above average for Intercontinental Exchange. Sales Growth has a rank of 79 which means that currently professionals expect the company to grow more than 79% of its competitors. Stock Returns are also above average with a rank of 51. But Capital Growth has only a rank of 34, which means that currently professionals expect the company to grow its invested capital less than 66% of its competitors. Profit Growth is also low, with a rank of only 48, which means that, currently, professionals expect the company to grow its profits below average. ...read more

RECOMMENDATION: The overall picture with a consolidated Growth Rank of 55, is a buy recommendation for growth and momentum investors. This is a surprising picture, as the messages from the operating growth indicators of revenues, profits, and invested capital are mixed, while stock returns are above average. It may indicate new intellectual properties, such as brand improvement or a strong market position that shows in revenues but not in the capital. The low profit-growth rate may indicate an early phase where costs are still high, and revenues don't fully cover upfront investments or fixed costs. The positive investor outlook with a 51% peer outperformance is reaffirmed in this case which may be a good sign for an investment into a well-protected high-growth company. This fact needs to be confirmed by researching the company website and press. While momentum is a popular investment factor, the value aspect might be the more important one, in the longer term. We recommend analyzing the stock with Obermatt’s Value, Safety, and Sentiment Ranks to arrive at a 360° View of the stock purchase case, especially since the growth performance is mixed here. ...read more

GROWTH METRICS	2021	2022	2023	2024
REVENUE GROWTH
REVENUE GROWTH	42	29	76	n/a
PROFIT GROWTH
PROFIT GROWTH	56	37	46	n/a
CAPITAL GROWTH
CAPITAL GROWTH	n/a	46	66	n/a
STOCK RETURNS
STOCK RETURNS	49	31	47	n/a
CONSOLIDATED RANK: GROWTH
CONSOLIDATED RANK: GROWTH	35	23	61	n/a

Last update of Growth Rank: . Stock analysis on growth metrics: The higher the rank, the higher the growth and returns of Intercontinental Exchange.

Safety Metrics in Detail

ANALYSIS: With an Obermatt Safety Rank of 71 (better than 71% compared with alternatives), the company Intercontinental Exchange has financing practices on the safer side, which mean that their overall debt burden is lower than average. This doesn't mean that the business of Intercontinental Exchange is safe, it only means that the company is on the safer side regarding possible bankruptcy, assuming that public reporting is correct. The Safety Rank is based on consolidating three financing indicators, with just one indicator above average for Intercontinental Exchange and the other two below average. Refinancing is at 89, meaning the portion of the debt about to be refinanced is below average. It has less debt in the refinancing stage than 89% of its competitors. But Leverage is high with a rank of 44, meaning the company has an above-average debt-to-equity ratio. It has more debt than 56% of its competitors. Liquidity is also on the riskier side with a rank of 39, meaning the company generates less profit to service its debt than 61% of its competitors. ...read more

RECOMMENDATION: With a consolidated Safety Rank of 71 (better than 71% compared with alternatives), Intercontinental Exchange has a financing structure that is safer than that of its competitors. A good Refinancing Rank means that the problems of the company may not be around the corner. But high Leverage is only good if things go well, and low Liquidity is a signal for caution. The financing signals for Intercontinental Exchange are on the riskier side, requiring the company's future to be on the safer side. Investors may want to look at Growth and Sentiment ranks before making an investment decision. In the long-term, investors may have a debt challenge with Intercontinental Exchange and should also compare Obermatt’s Value, Growth, and Sentiment Ranks before making a decision. ...read more

SAFETY METRICS	2021	2022	2023	2024
LEVERAGE
LEVERAGE	24	46	44	n/a
REFINANCING
REFINANCING	16	89	91	n/a
LIQUIDITY
LIQUIDITY	19	42	36	n/a
CONSOLIDATED RANK: SAFETY
CONSOLIDATED RANK: SAFETY	7	70	71	n/a

Last update of Safety Rank: . Stock analysis on safety metrics: The higher the rank, the lower the leverage of Intercontinental Exchange and the more cash is available to service its debt.

Sentiment Metrics in Detail

SENTIMENT	2021	2022	2023	2024
ANALYST OPINIONS
ANALYST OPINIONS	n/a	81	80	^new
OPINIONS CHANGE
OPINIONS CHANGE	n/a	18	68	^new
PRO HOLDINGS
PRO HOLDINGS	n/a	63	50	^new
MARKET PULSE
MARKET PULSE	n/a	46	62	^new
CONSOLIDATED RANK: SENTIMENT
CONSOLIDATED RANK: SENTIMENT	n/a	47	79	^new

Last update of Sentiment Rank: . Stock analysis on sentiment metrics: The higher the rank, the more positive the sentiment for Intercontinental Exchange.
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