Added to YB: 2024-10-14
Pitch date: 2024-10-11
ICE [neutral]
Intercontinental Exchange, Inc.
+1.58%
current return
Author Info
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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
$160.67
Price Target
N/A
Dividend
1.24%
EV/EBITDA
17.13
P/E
28.13
EV/Sales
10.95
Sector
Capital Markets
Category
N/A
Intercontinental Exchange: Powering Global Trade
ICE (company overview): Global financial powerhouse w/ 13 exchanges (incl. NYSE) & 6 clearinghouses. Strong moat via intangible assets, network effects. 12% CAGR since 2014, 50% op margin. Concerns: low ROIC (5-7%), high debt (5x FCF), recent unprofitable mortgage tech acquisitions. Founder-led, aligned via $792M stake.
Read full article (10 min)