Professional
Added to YB: 2024-08-27
Pitch date: 2024-08-23
ICE [bullish]
Intercontinental Exchange, Inc.
+3.11%
current return
Author Info
No bio for this author
Company Info
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, India, Israel, Canada, and Singapore.
Market Cap
$88.1B
Pitch Price
$158.28
Price Target
N/A
Dividend
1.24%
EV/EBITDA
17.13
P/E
28.13
EV/Sales
10.95
Sector
Capital Markets
Category
growth
Third Point Portfolio Holding: Intercontinental Exchange, Inc.
ICE: Dominant info services & exchange assets in Energy (30% rev) & Mortgage (20%). Energy futures growth 25% in 2023, sustaining into 2024 due to LNG demand. Mortgage franchise automating ecosystem with 50%+ market share in origination/servicing software. AI driving new growth. Expect low double-digit organic growth & re-rating. CEO Jeff Sprecher's 20-year leadership key.
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