Company Valuation: Intercontinental Exchange, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 77,057 57,302 73,509 85,558 92,346 78,547 - -
Change - -25.64% 28.28% 16.39% 7.93% -14.94% - -
Enterprise Value (EV) 1 90,368 73,625 95,223 105,082 111,153 96,425 95,596 94,756
Change - -18.53% 29.34% 10.35% 5.78% -13.25% -0.86% -0.88%
P/E 19x 39.8x 30.7x 31.2x 28.1x 19.7x 19.1x 17x
PBR 3.38x 2.53x 2.86x 3.09x 3.18x 2.59x 2.49x 2.38x
PEG - -0.6x 0.5x 2.2x 1.4x 0.9x 5.83x 1.4x
Capitalization / Revenue 10.8x 7.86x 9.2x 9.22x 9.3x 7.19x 6.85x 6.45x
EV / Revenue 12.6x 10.1x 11.9x 11.3x 11.2x 8.82x 8.34x 7.79x
EV / EBITDA 19.8x 15.5x 18.3x 17.5x 16.9x 13.1x 12.4x 11.5x
EV / EBIT 21.7x 17x 20.1x 19.2x 18.6x 14.1x 13.3x 12.2x
EV / FCF 33.3x 25x 31.2x 27.2x 28.7x 20.4x 18.8x 17x
FCF Yield 3.01% 4.01% 3.21% 3.67% 3.48% 4.91% 5.32% 5.87%
Dividend per Share 2 1.32 1.52 1.68 1.8 1.92 2.115 2.27 2.481
Rate of return 0.97% 1.48% 1.31% 1.21% 1.19% 1.53% 1.64% 1.79%
EPS 2 7.18 2.58 4.19 4.78 5.77 7.033 7.263 8.158
Distribution rate 18.4% 58.9% 40.1% 37.7% 33.3% 30.1% 31.2% 30.4%
Net sales 1 7,146 7,292 7,988 9,279 9,931 10,932 11,468 12,171
EBITDA 1 4,556 4,760 5,195 5,995 6,559 7,355 7,688 8,235
EBIT 1 4,169 4,339 4,728 5,469 5,992 6,815 7,198 7,794
Net income 1 4,058 1,446 2,368 2,754 3,315 4,001 4,022 4,424
Net Debt 1 13,311 16,323 21,714 19,524 18,807 17,878 17,049 16,209
Reference price 2 136.77 102.59 128.43 149.01 161.96 138.67 138.67 138.67
Nbr of stocks (in thousands) 563,404 558,552 572,364 574,176 570,179 566,431 - -
Announcement Date 2/3/22 2/2/23 2/8/24 2/6/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.44x5.14x10.26x1.94% 56.02B
20.47x7.74x12.94x1.84% 52.46B
26.31x10.17x17.15x1.31% 51.03B
34.65x15.86x24.89x1.93% 19.41B
20.45x7.96x12.75x2.44% 17B
12.63x6.62x9.43x7.68% 14.96B
22.43x8.19x14.24x1.92% 9.79B
18.34x-4.65x-8x1.66% 7.6B
14.34x4x8.2x2.78% 3.99B
Average 22.45x 6.78x 11.32x 2.61% 25.81B
Weighted average by Cap. 25.23x 7.82x 13.26x 2.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Intercontinental Exchange, Inc.