Intercontinental Exchange: Undervalued, Diversified Exchange With Strong History Of Acquisition Integrations

Peak One Analytics
64 Followers

Summary

  • Intercontinental Exchange is a well-diversified global exchange group with significant revenue from Exchanges, Fixed Income & Data Services, and Mortgage Technology.
  • ICE has a track record of growth and diversification, expanding into commodities, metals, interest rates, equities, and options trading.
  • Following the acquisition of Black Knight, ICE's revenue mix has become more diversified, with potential for multiple expansion and growth in the mortgage market.

Facade of New York Stock Exchange

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A Well Diversified Exchange and Data Provider; Multiple Likely to Expand as Mortgage Market Improves

Intercontinental Exchange (NYSE:ICE) is an extremely well diversified global exchange group with ~50% of revenue coming from Exchanges, ~25% of revenue

This article was written by

64 Followers
I am a former sell-side / buy-side equities analyst that has left the world of day to day trading but remains closely engaged with market and individual stock developments. I focus primarily on exchanges and brokers with a long / short fundamental approach to my analysis. My goal for these posts is to try and shed unique light on investment theses around the stocks I focus on. Any investing I do is purely for my own personal account.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ICE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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