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Intercontinental Exchange (FRA:IC2) Cyclically Adjusted Price-to-FCF : 30.15 (As of May. 22, 2024)


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

As of today (2024-05-22), Intercontinental Exchange's current share price is €126.32. Intercontinental Exchange's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €4.19. Intercontinental Exchange's Cyclically Adjusted Price-to-FCF for today is 30.15.

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

FRA:IC2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.63   Med: 34.65   Max: 42.87
Current: 30.23

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 34.65.

FRA:IC2's Cyclically Adjusted Price-to-FCF is ranked worse than
69.4% of 232 companies
in the Capital Markets industry
Industry Median: 18.695 vs FRA:IC2: 30.23

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 Mar. 2024 was €1.382. 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 €4.19 for the trailing ten years ended in Mar. 2024.

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
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 25.74 26.88 25.51 29.11 30.33

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
=126.32/4.19
=30.15

* 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 Mar. 2024 is calculated as:

For example, Intercontinental Exchange's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=1.382/131.7762*131.7762
=1.382

Current CPI (Mar. 2024) = 131.7762.

Intercontinental Exchange Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.382 100.560 0.501
201409 0.026 100.428 0.034
201412 0.647 99.070 0.861
201503 0.668 99.621 0.884
201506 0.364 100.684 0.476
201509 0.103 100.392 0.135
201512 0.552 99.792 0.729
201603 0.812 100.470 1.065
201606 0.602 101.688 0.780
201609 0.457 101.861 0.591
201612 0.839 101.863 1.085
201703 0.851 102.862 1.090
201706 0.604 103.349 0.770
201709 0.313 104.136 0.396
201712 0.798 104.011 1.011
201803 0.722 105.290 0.904
201806 0.893 106.317 1.107
201809 0.664 106.507 0.822
201812 1.042 105.998 1.295
201903 0.915 107.251 1.124
201906 1.030 108.070 1.256
201909 0.695 108.329 0.845
201912 1.081 108.420 1.314
202003 0.752 108.902 0.910
202006 1.250 108.767 1.514
202009 0.482 109.815 0.578
202012 1.347 109.897 1.615
202103 0.919 111.754 1.084
202106 1.100 114.631 1.265
202109 0.653 115.734 0.744
202112 1.361 117.630 1.525
202203 1.051 121.301 1.142
202206 1.466 125.017 1.545
202209 1.111 125.227 1.169
202212 1.573 125.222 1.655
202303 0.946 127.348 0.979
202306 1.701 128.729 1.741
202309 1.070 129.860 1.086
202312 1.288 129.419 1.311
202403 1.382 131.776 1.382

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  (FRA:IC2) 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 (FRA:IC2) 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).

Intercontinental Exchange (FRA:IC2) Headlines

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