Intercontinental Exchange Stock Intrinsic Value – Intercontinental Exchange Sees 9% Increase in Average Daily Volume in March
April 9, 2023
Trending News ☀️
Intercontinental Exchange ($NYSE:ICE) (ICE) has seen a 9% increase in its Average Daily Volume (ADV) for the month of March. This is a notable development for the stock exchange, which is one of the world’s leading operators of regulated exchanges, clearing houses and data services for financial and commodity markets. Its global presence has enabled it to provide customers with access to a wide range of opportunities.
In addition, the company has been able to develop innovative products and services, such as the ICE Data Services platform and ICE Connect, which enable customers to access real-time market data and make informed investment decisions. By providing customers with access to a wide range of products, services and data, ICE has positioned itself as a leader in the industry. With its global footprint and commitment to excellence, ICE is well-positioned to continue delivering strong financial performance for years to come.
Price History
This indicates a growing demand for its services. ICE opened at $106.5 and closed at $106.2, up by 0.2% from its prior closing price of 106.0. The company also saw a 2% increase in revenue compared to the same period last year, indicating strong financial performance. The increase in average daily volumes is primarily due to ICE’s expanding customer base and successful acquisition of other companies.
The company has also diversified its portfolio of products by expanding into options trading and other services. ICE’s strong financial performance is a sign of its ability to adapt and grow with the changing market environment and increasing demand for its services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intercontinental Exchange. More…
| Total Revenues | Net Income | Net Margin |
| 9.64k | 1.45k | 15.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intercontinental Exchange. More…
| Operations | Investing | Financing |
| 3.55k | 677 | -1.84k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intercontinental Exchange. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 194.34k | 171.58k | 40.03 |
Key Ratios Snapshot
Some of the financial key ratios for Intercontinental Exchange are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.8% | 11.7% | 25.2% |
| FCF Margin | ROE | ROA |
| 31.9% | 6.7% | 0.8% |
Analysis – Intercontinental Exchange Stock Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of the fundamentals of INTERCONTINENTAL EXCHANGE. Our proprietary Valuation Line has revealed that the intrinsic value of its shares is around $119.0. Currently, INTERCONTINENTAL EXCHANGE stock is being traded at $106.2, making it a fairly priced stock that is undervalued by 10.7%. We believe this presents an opportunity for long-term investors to capitalize on this potential upside. More…
Peers
The company operates in four segments: Trading and Clearing, Data and Listings, Futures and Options, and Connectivity and Technology Solutions. ICE has a market capitalization of $38.72 billion and its competitors are London Stock Exchange Group PLC (LSEG), Singapore Exchange Ltd (SGX), and TMX Group Ltd (TMX).
– London Stock Exchange Group PLC ($LSE:LSEG)
London Stock Exchange Group PLC is a United Kingdom-based financial services holding company. The Company’s business activities include capital formation, global benchmarking and risk management. It operates through capital markets, post trade services and information services divisions. Capital markets division comprises equity and debt capital markets, including primary and secondary market activities, and global depositary receipts (GDRs). Post trade services division offers clearing, settlement, custody and information products and services for fixed income securities, derivatives, exchange traded products (ETPs), commodities and cash equities. Information services division comprises real-time market data, indices, analytics and trading platforms. It operates in over 50 countries and territories.
– Singapore Exchange Ltd ($SGX:S68)
Singapore Exchange Ltd has a market cap of 8.94B as of 2022. The company has a Return on Equity of 23.35%. SGX is a Singapore-based company that operates a securities and derivatives exchange. The company also offers clearing, settlement and depository services.
– TMX Group Ltd ($TSX:X)
TMX Group Ltd is a Canadian financial services company that operates exchanges for multiple asset classes including equities, fixed income, derivatives, and energy. The company has a market capitalization of 7.14 billion as of 2022 and a return on equity of 13.93%. TMX Group Ltd is headquartered in Toronto, Canada.
Summary
Intercontinental Exchange (ICE) saw a notable increase of 9% in its Average Daily Volume (ADV) in March, making it one of the strongest months for the company within the past year. The ADV includes all of the products ICE offers, such as stocks, futures, options, and swaps. This increase in volume suggests that investors are turning to Intercontinental Exchange as an attractive marketplace for trading.
This growth indicates that investors are finding ICE to be a reliable and trusted platform for investing. This is a positive sign for Intercontinental Exchange and its investors, as it shows that the company is continuing to grow, even during times of economic uncertainty.
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