Intercontinental Exchange, Inc.

Intercontinental Exchange, Inc.

ICEยทNYSE

$138.45

-2.8%
Financial ServicesFinancial - Data & Stock Exchanges

Intercontinental Exchange, Inc., together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The company operates marketplaces for listing, trading, and clearing an array of derivatives contracts and financial securities, such as commodities, interest rates, foreign exchange, and equities, as well as corporate and exchange-traded funds; trading venues, including 13 regulated exchanges and 6 clearing houses; and offers futures and options products for energy, agricultural and metals, financial, cash equities and equity, over-the-counter, and other markets, as well as listings and data and connectivity services. It also provides fixed income data and analytic, fixed income execution, CDS clearing, and other multi-asset class data and network services. In addition, the company offers proprietary and comprehensive mortgage origination platform, which serves residential mortgage loans; closing solutions that provides customers connectivity to the mortgage supply chain and facilitates the secure exchange of information; data and analytics services; and Data as a Service for lenders to access data and origination information. Intercontinental Exchange, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

At a Glance

Live Snapshot
Market Cap$78.30B
EPS5.8000
P/E Ratio23.87
Earnings Date07/30/2026
Intercontinental Exchange, Inc.

Intercontinental Exchange, Inc. Fair Value Envelope

ICE ยท NYSE

Our analysis suggests that ICE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $138.45, this represents a potential HIDDEN relative to our calculated worth for Intercontinental Exchange, Inc..

Intrinsic Value
Current Price: $138.45

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$78.3B
+ Cash & Equivalents$837.0M
Firm Value$79.1B
- Debt$20.3B
Equity Value$58.8B
/ Shares Outstanding572,990,104B
DCF Value$103
OVERVALUED BY 26%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$4.8B
$4.9B
$5.0B
$5.1B
$5.2B
$5.3B
$5.4B
$5.5B
$5.6B
$5.7B
Maintenance CapEx
-$76.1M
-$77.7M
-$79.3M
-$80.9M
-$82.6M
-$84.2M
-$86.0M
-$87.7M
-$89.5M
-$91.3M
Owner Earnings
$4.7B
$4.8B
$4.9B
$5.0B
$5.1B
$5.2B
$5.3B
$5.4B
$5.5B
$5.6B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$4.3B
$4.1B
$3.9B
$3.7B
$3.5B
$3.3B
$3.1B
$2.9B
$2.8B
$2.6B
Terminal Value represents 56.5% of Enterprise Value