Intercontinental Exchange has diversified its revenue streams through a series of acquisitions to build its position in mortgage technology and fixed-income data. Roughly half of ICE’s revenue is recurring, reducing reliance on exchange fees, which is a positive, given the competition facing its equity trading business.
Intercontinental Exchange has become increasingly less reliant on transactional revenue as it expands its data and service offerings organically and through acquisitions.
ICE's mortgage technology segment is facing major headwinds that will not resolve until mortgage rates decline.
|
Metric
|
ICE
|
NDAQ
|
CME
|
|---|---|---|---|
Price/Earnings (Normalized) | 27.80 | 26.54 | 23.10 |
Price/Book Value | 3.46 | 3.86 | 2.91 |
Price/Sales | 8.53 | 6.12 | 13.87 |
Price/Cash Flow | 21.72 | 24.69 | 21.97 |
|
Metric
|
ICE
|
NDAQ
|
CME
|
|---|---|---|---|
Quick Ratio | 0.05 | 0.20 | 0.03 |
Current Ratio | 0.99 | 0.94 | 1.02 |
Interest Coverage | 4.04 | 3.99 | 27.67 |
|
Metric
|
ICE
|
NDAQ
|
CME
|
|---|---|---|---|
Return on Assets (Normalized) | 2.44% | 5.28% | 2.63% |
Return on Equity (Normalized) | 12.95% | 16.67% | 12.66% |
Return on Invested Capital (Normalized) | 8.19% | 8.83% | 11.66% |
|
1-Day Chart
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Morningstar Rating for Stocks
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United States