Professional
Added to YB: 2025-01-30
Pitch date: 2025-01-24
ICE [bullish]
Intercontinental Exchange, Inc.
+4.53%
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
$156.14
Price Target
N/A
Dividend
1.24%
EV/EBITDA
17.13
P/E
28.13
EV/Sales
10.95
Sector
Capital Markets
Category
growth
Sequoia Strategy Composite Portfolio Holding: Intercontinental Exchange, Inc.
ICE: 17% return in 2024. Revenue +16%, EPS +8% despite weak mortgage market. Acquired Ellie Mae & Black Knight, dominating mortgage tech. Exchanges segment growing double-digits, energy trading strong. Fixed Income & Data Services rebounding. Low 20s P/E multiple for moated business with strong growth prospects.
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