ICE

Intercontinental Exchange, Inc.
Financial ServicesFinancial Data & Stock ExchangesNASDAQ
$156.70
-$0.46 (-0.29%)today
Conviction
0/ 10
Fair Value$197.21
Upside+25.85%
Signal0
Market Cap$89.5B
52W Range$143.17–$189.35
Next EarningsApr 30

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$93.41
Current Price$152.67
Upside / Down-38.8%
P(Undervalued)0.2%
P(20%+ Up)0.0%
P(15%+ Down)95.9%

Fair Value Distribution — percentile bands

0.2% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

16.9%/yr

±3.9% · revenue growth to justify current price

FCF-Based Reverse DCF

16.7%/yr

±3.0% · FCF growth to justify current price

THE GAP

Market pricing margin expansion or capex normalization

KEY VALUE DRIVERS

Spearman correlation — what moves this valuation most

Quick Take

Intercontinental Exchange, Inc., together with its subsidiaries, provides technology and data to financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Canada, Asia Pacific, and the Middle East.

Trailing P/E27.2x
Forward P/E18.3x
P/S9.0x
EPS (TTM)$5.77
Analyst Target$197.21
Analyst Upside25.9%

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Bull Case

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Bear Case

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Research Feed

sec_10kMar 1
Conviction: unchanged
ICE FY2025 10-K: Record Infrastructure Revenues, Mortgage Tech Headwinds Easing, Treasury Clearing Catalyst Emerging

ICE delivered record .9B in net revenues (+6% YoY) and GAAP diluted EPS of $5.77 (+21%). Three-segment model showing healthy diversification: Exchanges $5.4B (55%), FIDS $2.4B (24%), Mortgage Tech $2....