Professional
Added to YB: 2024-03-21
Pitch date: 2024-01-31
ICE [bullish]
Intercontinental Exchange, Inc.
+31.11%
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
$124.48
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 Fund Portfolio Holding: Intercontinental Exchange, Inc.
ICE: Shares +27% in 2023, expects mid-single digit organic revenue & EPS growth. Closed $11B Black Knight deal for mortgage servicing software. Combined with ICE's other assets, enables end-to-end digital mortgage platform despite tough market. High-quality biz mix can deliver double-digit EPS growth at attractive valuation.
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