CME Group Inc. (CME) vs Intercontinental Exchange Inc. (ICE)

CME Group Inc. and Intercontinental Exchange Inc. are both Financial Data & Stock Exchanges companies. CME Group Inc. and Intercontinental Exchange Inc. are of similar size ($96.5B and $88.0B). Intercontinental Exchange Inc. trades at the lower P/E: 21.7× against 22.3×. Intercontinental Exchange Inc. grew revenue faster over the last twelve months: 8.98% against 5.10%. CME Group Inc. has the higher net margin (63.1% vs 38.3%) and the higher return on invested capital (9.96% vs 7.48%). Both pay a dividend; CME Group Inc. yields more (4.58% vs 1.35%). Across the 23 metrics below, Intercontinental Exchange Inc. leads on 12 and CME Group Inc. on 11.

Valuation

Metric CME ICE Financial Data & Stock Exchanges median
P/E 22.28 21.67 21.77
P/S 14.10 8.24 7.79
P/B 3.60 2.94 3.85
Price to free cash flow 22.67 18.75 18.75
EV/EBITDA 20.38 14.93 15.55
EV/Sales 14.27 9.92 6.94
Earnings yield 4.49% 4.61% 4.49%
Free cash flow yield 4.41% 5.33% 4.68%

Profitability

Metric CME ICE Financial Data & Stock Exchanges median
Gross margin 100.00% 98.59% 70.90%
Operating margin 65.10% 51.78% 29.55%
Net margin 63.11% 38.25% 23.21%
Free cash flow margin 62.20% 43.96% 29.05%
Return on equity 15.76% 13.89% 15.34%
Return on assets 2.28% 2.54% 6.82%
Return on invested capital 9.96% 7.48% 9.96%

Growth

Metric CME ICE Financial Data & Stock Exchanges median
Revenue growth (TTM) 5.10% 8.98% 9.16%
EPS growth (last fiscal year) 15.41% 20.71% —
Revenue growth, 5-year CAGR 5.95% 10.47% 7.76%
Net income growth, 5-year CAGR 13.82% 9.68% 9.78%

Health

Metric CME ICE Financial Data & Stock Exchanges median
Debt to equity 0.13 0.63 0.48
Current ratio 1.02 1.01 1.06
Net debt to EBITDA (0.25) 2.53 1.08

Dividend

Metric CME ICE Financial Data & Stock Exchanges median
Dividend yield 4.58% 1.35% 1.16%
Payout ratio 1.06 0.53 0.42

Size

Metric CME ICE Financial Data & Stock Exchanges median
Market cap 96.48b 87.99b 27.94b

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