Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Intercontinental Exchange / Equity Bottom-Up

<ul><li>Intercontinental Exchange (ICE) reported robust financial performance for the third quarter of 2024.</li><li>The earnings call highlighted a comprehensive set of results, indicating both returns and strategic advancements in line with their market and technological expansions.</li><li>Starting with financials, ICE reported a record third-quarter net revenue of $2.3 billion, reflecting a 7% increase pro forma for the acquisition of Black Knight and showing considerable growth across transaction($1.1 billion) and recurring revenues($1.2 billion).</li></ul>

Intercontinental Exchange (ICE) reported robust financial performance for the third quarter of 2024.The earnings call highlighted a comprehensive set of results, indicating both returns and strategic advancements in line with their market and technological expansions.Starting with financials, ICE reported a record third-quarter net revenue of $2.3 billion, reflecting a 7% increase pro forma for the acquisition of Black Knight and showing considerable growth across transaction($1.1 billion) and recurring revenues($1.2 billion).

Intercontinental Exchange (ICE): Enhancing Liquidity & Pricing Engines in Mortgage Markets Is Potentially A Game Changer? - Major Drivers

<ul><li>Intercontinental Exchange's second quarter 2024 financial results demonstrate a dynamic performance with several growth facets tempered by areas needing attention.</li><li>The company reported record net revenues totaling $2.3 billion, reflecting a 7% increase on a pro forma basis compared to the previous year.</li><li>This growth is supported by acquisition synergies, notably from the acquisition of Black Knight, which has been integrated within its operations to bolster revenue streams.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Intercontinental Exchange's second quarter 2024 financial results demonstrate a dynamic performance with several growth facets tempered by areas needing attention.The company reported record net revenues totaling $2.3 billion, reflecting a 7% increase on a pro forma basis compared to the previous year.This growth is supported by acquisition synergies, notably from the acquisition of Black Knight, which has been integrated within its operations to bolster revenue streams.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Intercontinental Exchange Inc. (ICE): Expansion into Digital Mortgage Infrastructure & Leveraging Fixed Income Growth! - Major Drivers

<ul><li>Intercontinental Exchange demonstrated strong financial performance in the second quarter of 2024, achieving record net revenues of $2.3 billion, which is a 7% increase year-over-year on a pro forma basis.</li><li>Adjusted operating expenses were controlled effectively, bringing them to a total of $947 million, which is only a 1% increase from the previous year, also on a pro forma basis.</li><li>The company's balance sheet showed resilience with adjusted leverage reducing from 3.9x at the end of the first quarter to 3.7x pro forma EBITDA by the end of the second quarter.</li></ul>

Intercontinental Exchange demonstrated strong financial performance in the second quarter of 2024, achieving record net revenues of $2.3 billion, which is a 7% increase year-over-year on a pro forma basis.Adjusted operating expenses were controlled effectively, bringing them to a total of $947 million, which is only a 1% increase from the previous year, also on a pro forma basis.The company's balance sheet showed resilience with adjusted leverage reducing from 3.9x at the end of the first quarter to 3.7x pro forma EBITDA by the end of the second quarter.

Intercontinental Exchange: Sustaining Growth Through Strategic Acquisitions! - Major Drivers

<ul><li>Intercontinental Exchange (ICE) reported records in Q1 2024 with net revenue of $2.3 billion; a 5% increase compared to the prior year.</li><li>There were also some highlights, such as $1.4 billion of record adjusted operating income representing an 8% year-over-year growth.</li><li>ICE also saw record first quarter net revenues totaling a record $1.2 billion which is up 11% year-over-year.</li></ul>

Intercontinental Exchange (ICE) reported records in Q1 2024 with net revenue of $2.3 billion; a 5% increase compared to the prior year.There were also some highlights, such as $1.4 billion of record adjusted operating income representing an 8% year-over-year growth.ICE also saw record first quarter net revenues totaling a record $1.2 billion which is up 11% year-over-year.

Intercontinental Exchange Inc. (ICE):  Strong Global Commodity and Financial Risk Management Businesses! - Major Drivers

<ul><li>Intercontinental Exchange Inc.</li><li>(ICE) delivered strong financial results for the fourth quarter of 2023, posting a record net revenue of $2.2 billion, representing a 7% increase compared to the same period last year.</li><li>The record figures were driven by lower compensation expense and accelerated expense synergies which led to earnings per share of $1.33, up 6% year-on-year.</li></ul>

Intercontinental Exchange Inc.(ICE) delivered strong financial results for the fourth quarter of 2023, posting a record net revenue of $2.2 billion, representing a 7% increase compared to the same period last year.The record figures were driven by lower compensation expense and accelerated expense synergies which led to earnings per share of $1.33, up 6% year-on-year.

Intercontinental Exchange Inc. (ICE): Growing the Mortgage Technology Sector with Black Knight Acquisition - Major Drivers

United States

Intercontinental Exchange, Inc. operates global commodity and financial products marketplaces.  The Company operates electronic energy markets and soft commodity exchanges as well.  ICE offers access to contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Intercontinental Exchange (ICE US)

Intercontinental Exchange (ICE): Enhancing Liquidity & Pricing Engines in Mortgage Markets Is Potentially A Game Changer? - Major Drivers

Intercontinental Exchange (ICE) reported robust financial performance for the third quarter of 2024. The earnings call highlighted a comprehensive...

Baptista Research

Intercontinental Exchange Inc. (ICE): Expansion into Digital Mortgage Infrastructure & Leveraging Fixed Income Growth! - Major Drivers

Intercontinental Exchange's second quarter 2024 financial results demonstrate a dynamic performance with several growth facets tempered by areas...

Baptista Research

Intercontinental Exchange: Sustaining Growth Through Strategic Acquisitions! - Major Drivers

Intercontinental Exchange demonstrated strong financial performance in the second quarter of 2024, achieving record net revenues of $2.3 billion,...

Baptista Research

Intercontinental Exchange Inc. (ICE): Strong Global Commodity and Financial Risk Management Businesses! - Major Drivers

Intercontinental Exchange (ICE) reported records in Q1 2024 with net revenue of $2.3 billion; a 5% increase compared to the prior year. There were...

Baptista Research

Intercontinental Exchange Inc. (ICE): Growing the Mortgage Technology Sector with Black Knight Acquisition - Major Drivers

Intercontinental Exchange Inc. (ICE) delivered strong financial results for the fourth quarter of 2023, posting a record net revenue of $2.2...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)