Intercontinental Exchange Stock Slumps on Friday, Lagging Behind Market
October 29, 2023
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On Friday, Intercontinental Exchange ($NYSE:ICE) Inc. (ICE) stock slumped significantly, lagging behind the market. This Atlanta-based company is a well-known provider of financial data, technology and risk management services for the global markets. The company operates exchanges in seven countries, including the New York Stock Exchange, the world’s biggest exchange.
Additionally, Intercontinental Exchange Inc. also develops custom solutions for clients and provides clearing and settlement services. Its wide range of services allows it to facilitate global trading and capital markets. On Friday, however, its stock was not performing as well as the rest of the market.
Market Price
On Friday, intercontinental Exchange Inc. (ICE) stock lagged behind the broader market, as it closed at $107.7, down 0.3% from a prior closing price of $108.0. The decline of ICE stock was in contrast to the overall market, which had a positive trend throughout the week. Nevertheless, the drop in stock prices was concerning to investors, as it could be a sign of future volatility. Moving forward, market analysts will be paying close attention to the performance of ICE stock, and whether it can regain its positive momentum. 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 |
| 9.57k | 1.69k | 18.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intercontinental Exchange. More…
| Operations | Investing | Financing |
| 3.63k | -1.02k | -78.97k |
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 |
| 136.28k | 112.39k | 42.55 |
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 |
| 8.9% | 8.4% | 27.5% |
| FCF Margin | ROE | ROA |
| 32.9% | 7.0% | 1.2% |
Analysis
At GoodWhale, we conducted an analysis of INTERCONTINENTAL EXCHANGE‘s wellbeing. According to our Star Chart, INTERCONTINENTAL EXCHANGE has a high health score of 8/10, indicating that its cashflows and debt are strong enough to sustain future operations even in times of crisis. Considering its track record of paying out consistent and sustainable dividends, INTERCONTINENTAL EXCHANGE is classified as a ‘cow’. As such, we believe that INTERCONTINENTAL EXCHANGE may be of interest to investors looking for dividend-focused opportunities with medium growth potential. While INTERCONTINENTAL EXCHANGE is strong in terms of dividend and profitability, growth is only considered as medium. Therefore, investors should do their own research before investing in the company to understand if this is their ideal investment opportunity. 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
Despite this recent volatility, analysts remain cautiously optimistic about the company’s long-term prospects. To maximize returns, investors should keep an eye on ICE’s financial performance and consider buying on dips in the stock price.
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