Intercontinental Exchange reported excellent third-quarter earnings thanks to continued strength in its exchange segment. Net revenue increased by 15% from last year to $2.76 billion, while diluted EPS rose to $1.67 from $1.42.
ICE has become increasingly less reliant on transactional revenue as it expands its data and service offerings organically and through acquisitions. If trading volume declines, we expect the firm to be less affected than in the past.
ICE'S mortgage technology segment could continue to struggle if mortgage rates remain persistently high.
|
Metric
|
ICE
|
DB1
|
CME
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.01 | 26.37 | 25.58 |
Price/Book Value | 3.15 | 5.25 | 4.08 |
Price/Sales | 6.82 | 7.25 | 15.69 |
Price/Cash Flow | 16.74 | 19.74 | 24.04 |
|
Metric
|
ICE
|
DB1
|
CME
|
|---|---|---|---|
Quick Ratio | 0.05 | 0.75 | 0.02 |
Current Ratio | 1.03 | 1.01 | 1.02 |
Interest Coverage | 7.44 | 16.89 | 34.10 |
|
Metric
|
ICE
|
DB1
|
CME
|
|---|---|---|---|
Return on Assets (Normalized) | 2.58% | 0.64% | 2.25% |
Return on Equity (Normalized) | 14.25% | 21.59% | 16.04% |
Return on Invested Capital (Normalized) | 9.36% | 0.86% | 14.69% |
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1-Day Chart
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United States