{"id":5712,"date":"2023-05-08T09:40:30","date_gmt":"2023-05-08T13:40:30","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/intercontinental-exchange-stock-is-trading-below-its-fair-value\/"},"modified":"2023-05-08T09:40:30","modified_gmt":"2023-05-08T13:40:30","slug":"intercontinental-exchange-stock-is-trading-below-its-fair-value","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=5712","title":{"rendered":"Intercontinental Exchange Stock Is Trading Below Its Fair Value"},"content":{"rendered":"
\n

Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at the current price of $107 per share, ICE stock is trading 17% below its fair value of $129 \u2013 Trefis\u2019 estimate for Intercontinental Exchange\u2019s valuation<\/strong>. <\/strong>The company surpassed the consensus estimates in the first quarter of 2023. It posted net revenues (revenue minus transaction-based expenses) of $1.8 billion, which was at the same level as the year-ago period. The fixed income and data services revenues increased 11% y-o-y, followed by a 1% improvement in the exchange net revenues. Notably, the exchange segment contributes close to 60% of the top line. While ICE\u2019s total contract volume in the futures and options category increased 4% y-o-y, it was offset by a decline in rate-per-contract. That said, the mortgage technology revenues decreased 23% in the quarter, eroding the positive impact of growth in other units. Overall, adjusted net income of $655 million was at par with the previous year\u2019s figure.<\/p>\n

The net revenues grew 2% y-o-y to $7.3 billion in FY2022. It was driven by an 11% rise in fixed income & data services unit, followed by a 6% increase in exchange segment net revenues. The exchange division primarily benefited from higher cash equities and equity options revenues. On the flip side, the mortgage technology business witnessed a 20% y-o-y decrease in the year. Further, other income decreased from $2.25 billion to -$1.83 billion. Altogether, the adjusted net income was reduced by 64% y-o-y to $1.4 billion.<\/p>\n

Moving forward, we expect Intercontinental Exchange revenues<\/strong> (total revenues) to touch $10.1 billion in FY2023, translating into net revenues of around $7.6 billion. Additionally, ICE\u2019s adjusted net income margin is likely to see a slight dip in the year, leading to an an annual GAAP EPS of $2.67. This coupled with a P\/E multiple of just above 48x will lead to a valuation of $129.<\/p>\n

What if you\u2019re looking for a more balanced portfolio instead? Our high-quality portfolio<\/strong> and multi-strategy portfolio<\/strong> have beaten the market consistently since the end of 2016.<\/p>\n

<\/fbs-ad><\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at the current price of $107 per share, ICE stock is trading 17% below its fair value of $129 \u2013 Trefis\u2019 estimate for Intercontinental Exchange\u2019s valuation. The company surpassed the consensus […]<\/p>\n","protected":false},"author":1,"featured_media":5713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-5712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nIntercontinental Exchange Stock Is Trading Below Its Fair Value | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=5712\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intercontinental Exchange Stock Is Trading Below Its Fair Value | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=5712\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-08T13:40:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683553230_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=5712#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=5712\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Intercontinental Exchange Stock Is Trading Below Its Fair Value\",\"datePublished\":\"2023-05-08T13:40:30+00:00\",\"dateModified\":\"2023-05-08T13:40:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=5712\"},\"wordCount\":357,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=5712#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=5712\",\"url\":\"https:\/\/ifintechworld.com\/?p=5712\",\"name\":\"Intercontinental Exchange Stock Is Trading Below Its Fair Value | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-08T13:40:30+00:00\",\"dateModified\":\"2023-05-08T13:40:30+00:00\",\"description\":\"Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=5712#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=5712\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=5712#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Intercontinental Exchange Stock Is Trading Below Its Fair Value\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Intercontinental Exchange Stock Is Trading Below Its Fair Value | iFintechWorld","description":"Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=5712","og_locale":"en_US","og_type":"article","og_title":"Intercontinental Exchange Stock Is Trading Below Its Fair Value | iFintechWorld","og_description":"Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at","og_url":"https:\/\/ifintechworld.com\/?p=5712","og_site_name":"iFintechWorld","article_published_time":"2023-05-08T13:40:30+00:00","og_image":[{"width":1200,"height":799,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683553230_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=5712#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=5712"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Intercontinental Exchange Stock Is Trading Below Its Fair Value","datePublished":"2023-05-08T13:40:30+00:00","dateModified":"2023-05-08T13:40:30+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=5712"},"wordCount":357,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=5712#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=5712","url":"https:\/\/ifintechworld.com\/?p=5712","name":"Intercontinental Exchange Stock Is Trading Below Its Fair Value | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-08T13:40:30+00:00","dateModified":"2023-05-08T13:40:30+00:00","description":"Intercontinental Exchange\u2019s stock (NYSE: ICE) has gained roughly 4% YTD, as compared to the 6% rise in the S&P500 over the same period. Further, at","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=5712#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=5712"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=5712#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Intercontinental Exchange Stock Is Trading Below Its Fair Value"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/5712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5712"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/5712\/revisions"}],"predecessor-version":[{"id":5714,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/5712\/revisions\/5714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/5713"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}