Why IDEX CORP (NYSE:IEX) should be investigated by quality investors.

In this article we will dive into IDEX CORP (NYSE:IEX) as a possible candidate for quality investing. Investors should always do their own research, but we noticed IDEX CORP showing up in our Caviar Cruise quality screen, which makes it worth to investigate a bit more.

Looking into the quality metrics of IDEX CORP

• IDEX CORP has demonstrated significant revenue growth over the past 5 years, with a 6.82% increase. This underscores the company's ability to adapt to market dynamics and capitalize on growth opportunities.
• With a notable ROIC excluding cash and goodwill at 56.4%, IDEX CORP demonstrates its commitment to generating sustainable returns for shareholders. This metric emphasizes the company's effective use of capital and its ability to deliver long-term value.
• IDEX CORP demonstrates a well-balanced Debt/Free Cash Flow Ratio of 2.58, indicating effective debt management and strong cash flow generation. This ratio suggests the company has a sustainable financial position and the capacity to allocate capital efficiently.
• The Profit Quality (5-year) of IDEX CORP stands at 109.0%, highlighting its ability to consistently generate reliable profits. This metric underscores the company's strong business fundamentals and reinforces its position as a financially stable entity.
• With a robust 5-year EBIT growth of 9.25%, IDEX CORP showcases its ability to consistently expand its operating profitability. This trend indicates the company's effective cost management and revenue generation strategies.
• IDEX CORP demonstrates a remarkable trend where its EBIT 5-year growth exceeds its Revenue 5-year growth. This indicates the company's ability to enhance its profitability through improved cost control and operational efficiency.

How does the complete fundamental picture look for NYSE:IEX?

Every day, ChartMill assigns a Fundamental Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various fundamental indicators and properties.

IEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 133 industry peers in the Machinery industry. Both the health and profitability get an excellent rating, making IEX a very profitable company, without any liquidiy or solvency issues. IEX is quite expensive at the moment. It does show a decent growth rate. This makes IEX very considerable for quality investing!

For an up to date full fundamental analysis you can check the fundamental report of IEX

Our Caviar Cruise screen will find you more ideas suited for quality investing.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.