Added to YB: 2026-08-25
Pitch date: 2026-08-21
ICE [neutral]
Intercontinental Exchange, Inc.
+0.9%
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, Canada, Asia Pacific, and the Middle East.
Market Cap
$90.5B
Pitch Price
$161.53
Price Target
N/A
Dividend
1.29%
EV/EBITDA
15.97
P/E
22.76
EV/Sales
10.43
Sector
Capital Markets
Category
value
Intercontinental Exchange (ICE): Inside the ICE House
ICE (overview): Financial-infrastructure play w/ 3 franchises: Exchanges (liquidity moat), Fixed Income & Data (sticky recurring rev), Mortgage Tech (structural growth, lower margin). Trades ~18x 2027 EPS, 10-20% discount to peers on skepticism over $24bn Mortgage Tech investment & Kalshi/prediction-market threat. Compounded adj EPS ~10%/yr past decade. Discount unjustified if core grows, Mortgage Tech earns acceptable ROIC & perpetual-futures risk manageable. $160/sh, $86bn mkt cap.
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