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Intercontinental Exchange (Intercontinental Exchange) Cyclically Adjusted Price-to-FCF : 29.86 (As of Apr. 27, 2024)


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What is Intercontinental Exchange Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Intercontinental Exchange's current share price is $131.70. Intercontinental Exchange's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $4.41. Intercontinental Exchange's Cyclically Adjusted Price-to-FCF for today is 29.86.

The historical rank and industry rank for Intercontinental Exchange's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ICE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.63   Med: 34.69   Max: 42.87
Current: 29.85

During the past years, Intercontinental Exchange's highest Cyclically Adjusted Price-to-FCF was 42.87. The lowest was 23.63. And the median was 34.69.

ICE's Cyclically Adjusted Price-to-FCF is ranked worse than
68.33% of 221 companies
in the Capital Markets industry
Industry Median: 19.29 vs ICE: 29.85

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Intercontinental Exchange's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $1.404. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.41 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Intercontinental Exchange Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Intercontinental Exchange's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Intercontinental Exchange Cyclically Adjusted Price-to-FCF Chart

Intercontinental Exchange Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.78 39.58 40.32 26.11 29.11

Intercontinental Exchange Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.11 25.74 26.88 25.51 29.11

Competitive Comparison of Intercontinental Exchange's Cyclically Adjusted Price-to-FCF

For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Intercontinental Exchange's Cyclically Adjusted Price-to-FCF Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Intercontinental Exchange's Cyclically Adjusted Price-to-FCF falls into.



Intercontinental Exchange Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Intercontinental Exchange's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=131.70/4.41
=29.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Intercontinental Exchange's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Intercontinental Exchange's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1.404/129.4194*129.4194
=1.404

Current CPI (Dec. 2023) = 129.4194.

Intercontinental Exchange Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.848 99.695 1.101
201406 0.519 100.560 0.668
201409 0.033 100.428 0.043
201412 0.797 99.070 1.041
201503 0.723 99.621 0.939
201506 0.409 100.684 0.526
201509 0.115 100.392 0.148
201512 0.601 99.792 0.779
201603 0.905 100.470 1.166
201606 0.676 101.688 0.860
201609 0.513 101.861 0.652
201612 0.885 101.863 1.124
201703 0.910 102.862 1.145
201706 0.679 103.349 0.850
201709 0.373 104.136 0.464
201712 0.944 104.011 1.175
201803 0.891 105.290 1.095
201806 1.043 106.317 1.270
201809 0.774 106.507 0.941
201812 1.185 105.998 1.447
201903 1.033 107.251 1.247
201906 1.164 108.070 1.394
201909 0.766 108.329 0.915
201912 1.201 108.420 1.434
202003 0.831 108.902 0.988
202006 1.408 108.767 1.675
202009 0.568 109.815 0.669
202012 1.638 109.897 1.929
202103 1.094 111.754 1.267
202106 1.326 114.631 1.497
202109 0.769 115.734 0.860
202112 1.538 117.630 1.692
202203 1.158 121.301 1.236
202206 1.550 125.017 1.605
202209 1.100 125.227 1.137
202212 1.667 125.222 1.723
202303 1.012 127.348 1.028
202306 1.843 128.729 1.853
202309 1.142 129.860 1.138
202312 1.404 129.419 1.404

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Intercontinental Exchange  (NYSE:ICE) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Intercontinental Exchange Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Intercontinental Exchange's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Intercontinental Exchange (Intercontinental Exchange) Business Description

Traded in Other Exchanges
Address
5660 New Northside Drive, Atlanta, GA, USA, 30328
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).
Executives
Jeffrey C Sprecher director, officer: Chief Executive Officer 2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Andrew J Surdykowski officer: General Counsel 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
James W Namkung officer: Chief Accounting Officer C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, NW, ATLANTA GA 30318
Christopher Scott Edmonds officer: Chief Development Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Warren Gardiner officer: Chief Financial Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Benjamin Jackson officer: President C/O INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Douglas Foley officer: SVP, HR & Administration INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Martha A Tirinnanzi director INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
Stuart Glen Williams officer: Chief Operating Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR., ATLANTA GA 30328
William Jefferson Hague director C/O ICE, 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mark Wassersug officer: Chief Operating Officer 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30328
Mayur Kapani officer: Chief Technology Officer INTERCONTINENTAL EXCHANGE, INC., 5660 NEW NORTHSIDE DR, ATLANTA GA 30328
David S Goone officer: Sr VP, Chief Strategic Officer 2100 RIVEREDGE PARKWAY, SUITE 500, ATLANTA GA 30308
Lynn C Martin officer: President & COO, ICE Data Serv 5660 NEW NORTHSIDE DRIVE, ATLANTA GA 30318
Charles R Crisp director 1301 MCKINNEY STE 700, HOUSTON TX 77010