Intercontinental Exchange Inc. (ICE) vs MSCI Inc (MSCI)

Intercontinental Exchange Inc. and MSCI Inc are both Financial Data & Stock Exchanges companies. Intercontinental Exchange Inc. is the larger, with a market value of $97.2B against $46.9B — 2.1× the size. Intercontinental Exchange Inc. trades at the lower P/E: 23.6× against 34.8×. MSCI Inc grew revenue faster over the last twelve months: 12.3% against 11.9%. MSCI Inc has the higher net margin (40.3% vs 38.1%) and the higher return on invested capital (34.7% vs 8.08%). Both pay a dividend; MSCI Inc yields more (1.21% vs 1.17%). Across the 20 metrics below, Intercontinental Exchange Inc. leads on 11 and MSCI Inc on 9.

Valuation

Metric ICE MSCI Financial Data & Stock Exchanges median
P/E 23.56 34.79 24.85
P/S 8.96 13.83 6.75
P/B 3.26 n/m 4.56
Price to free cash flow 20.23 32.64 20.23
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.24% 2.87% 4.00%
Free cash flow yield 4.94% 3.06% 4.59%

Profitability

Metric ICE MSCI Financial Data & Stock Exchanges median
Gross margin 98.65% 82.89% 72.83%
Operating margin 52.26% 55.65% 29.06%
Net margin 38.14% 40.31% 25.36%
Free cash flow margin 44.27% 42.38% 32.14%
Return on equity 14.20% (56.11%) 17.00%
Return on assets 2.62% 25.19% 8.22%
Return on invested capital 8.08% 34.71% 10.55%

Growth

Metric ICE MSCI Financial Data & Stock Exchanges median
Revenue growth (TTM) 11.92% 12.34% 10.44%
EPS growth (last fiscal year) 20.71% 11.67% 13.54%
Revenue growth, 5-year CAGR 10.47% 13.08% 9.24%
Net income growth, 5-year CAGR 9.68% 14.84% 10.85%

Health

Metric ICE MSCI Financial Data & Stock Exchanges median
Debt to equity 0.68 (2.23) 0.67
Current ratio 1.03 0.82 1.04
Net debt to EBITDA 2.53 2.93 1.20

Dividend

Metric ICE MSCI Financial Data & Stock Exchanges median
Dividend yield 1.17% 1.21% 1.13%
Payout ratio 0.28 0.42 0.29

Size

Metric ICE MSCI Financial Data & Stock Exchanges median
Market cap 97.24b 46.90b 38.07b

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