IDEX CORP (IEX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IEX - US45167R1041 - Common Stock
169.91 USD
-0.74 (-0.43%)
169.91 USD
0 (0%)
Taking everything into account, IEX scores 6 out of 10 in our fundamental rating. IEX was compared to 130 industry peers in the Machinery industry. IEX scores excellent points on both the profitability and health parts. This is a solid base for a good stock. IEX is quite expensive at the moment. It does show a decent growth rate. These ratings would make IEX suitable for quality investing!
1. Profitability
1.1 Basic Checks
IEX had positive earnings in the past year.
IEX had a positive operating cash flow in the past year.
In the past 5 years IEX has always been profitable.
IEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IEX has a Return On Assets of 6.86%. This is in the better half of the industry: IEX outperforms 70.77% of its industry peers.
The Return On Equity of IEX (11.91%) is better than 69.23% of its industry peers.
With a decent Return On Invested Capital value of 8.70%, IEX is doing good in the industry, outperforming 63.85% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for IEX is in line with the industry average of 10.34%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.86% | ||
| ROE | 11.91% | ||
| ROIC | 8.7% |
ROA(3y)9.43%
ROA(5y)9.2%
ROE(3y)16.48%
ROE(5y)16.07%
ROIC(3y)10.77%
ROIC(5y)10.86%
1.3 Margins
The Profit Margin of IEX (13.97%) is better than 86.15% of its industry peers.
In the last couple of years the Profit Margin of IEX has declined.
With an excellent Operating Margin value of 20.72%, IEX belongs to the best of the industry, outperforming 90.77% of the companies in the same industry.
In the last couple of years the Operating Margin of IEX has declined.
Looking at the Gross Margin, with a value of 44.41%, IEX belongs to the top of the industry, outperforming 83.85% of the companies in the same industry.
In the last couple of years the Gross Margin of IEX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.72% | ||
| PM (TTM) | 13.97% | ||
| GM | 44.41% |
OM growth 3Y-3.35%
OM growth 5Y-2.38%
PM growth 3Y-1.68%
PM growth 5Y-1.96%
GM growth 3Y-0.06%
GM growth 5Y-0.4%
2. Health
2.1 Basic Checks
IEX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for IEX has been increased compared to 1 year ago.
IEX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, IEX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.51 indicates that IEX is not in any danger for bankruptcy at the moment.
The Altman-Z score of IEX (4.51) is better than 72.31% of its industry peers.
IEX has a debt to FCF ratio of 3.26. This is a good value and a sign of high solvency as IEX would need 3.26 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.26, IEX is in the better half of the industry, outperforming 68.46% of the companies in the same industry.
IEX has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of IEX (0.47) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Altman-Z | 4.51 |
ROIC/WACC0.96
WACC9.04%
2.3 Liquidity
A Current Ratio of 2.93 indicates that IEX has no problem at all paying its short term obligations.
IEX has a Current ratio of 2.93. This is in the better half of the industry: IEX outperforms 76.15% of its industry peers.
A Quick Ratio of 2.06 indicates that IEX has no problem at all paying its short term obligations.
IEX has a better Quick ratio (2.06) than 76.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.93 | ||
| Quick Ratio | 2.06 |
3. Growth
3.1 Past
IEX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.87%.
Measured over the past 5 years, IEX shows a small growth in Earnings Per Share. The EPS has been growing by 6.36% on average per year.
Looking at the last year, IEX shows a small growth in Revenue. The Revenue has grown by 7.09% in the last year.
The Revenue has been growing slightly by 5.55% on average over the past years.
EPS 1Y (TTM)2.87%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%6.84%
Revenue 1Y (TTM)7.09%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%10.09%
3.2 Future
The Earnings Per Share is expected to grow by 9.52% on average over the next years. This is quite good.
IEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.03% yearly.
EPS Next Y1.17%
EPS Next 2Y3.9%
EPS Next 3Y4.6%
EPS Next 5Y9.52%
Revenue Next Year5.05%
Revenue Next 2Y4.08%
Revenue Next 3Y4.74%
Revenue Next 5Y7.03%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.53, IEX is valued on the expensive side.
IEX's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.65, IEX is valued at the same level.
The Price/Forward Earnings ratio is 19.97, which indicates a rather expensive current valuation of IEX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IEX is on the same level as its industry peers.
IEX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.53 | ||
| Fwd PE | 19.97 |
4.2 Price Multiples
IEX's Enterprise Value to EBITDA ratio is in line with the industry average.
IEX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. IEX is cheaper than 61.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.91 | ||
| EV/EBITDA | 15.51 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IEX does not grow enough to justify the current Price/Earnings ratio.
IEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)18.48
PEG (5Y)3.39
EPS Next 2Y3.9%
EPS Next 3Y4.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.74%, IEX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.97, IEX pays a bit more dividend than its industry peers.
IEX's Dividend Yield is slightly below the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
5.2 History
The dividend of IEX is nicely growing with an annual growth rate of 6.95%!
IEX has paid a dividend for at least 10 years, which is a reliable track record.
IEX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.95%
Div Incr Years15
Div Non Decr Years29
5.3 Sustainability
IEX pays out 44.24% of its income as dividend. This is a bit on the high side, but may be sustainable.
IEX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP44.24%
EPS Next 2Y3.9%
EPS Next 3Y4.6%
169.91
-0.74 (-0.43%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners105.67%
Inst Owner Change2.02%
Ins Owners0.18%
Ins Owner Change0.74%
Market Cap12.79B
Revenue(TTM)3.42B
Net Income(TTM)477.90M
Analysts76.84
Price Target197.48 (16.23%)
Short Float %3.04%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
Yearly Dividend2.71
Dividend Growth(5Y)6.95%
DP44.24%
Div Incr Years15
Div Non Decr Years29
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.51%
Min EPS beat(2)2.89%
Max EPS beat(2)4.13%
EPS beat(4)3
Avg EPS beat(4)3.25%
Min EPS beat(4)-0.11%
Max EPS beat(4)6.08%
EPS beat(8)5
Avg EPS beat(8)2.57%
EPS beat(12)9
Avg EPS beat(12)3.1%
EPS beat(16)12
Avg EPS beat(16)3.58%
Revenue beat(2)1
Avg Revenue beat(2)0.34%
Min Revenue beat(2)-0.22%
Max Revenue beat(2)0.9%
Revenue beat(4)1
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-1.1%
Max Revenue beat(4)0.9%
Revenue beat(8)2
Avg Revenue beat(8)-0.54%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)7
Avg Revenue beat(16)0.63%
PT rev (1m)-0.47%
PT rev (3m)-0.82%
EPS NQ rev (1m)-4.02%
EPS NQ rev (3m)-3.91%
EPS NY rev (1m)0.13%
EPS NY rev (3m)0.03%
Revenue NQ rev (1m)-1.14%
Revenue NQ rev (3m)-1.26%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.53 | ||
| Fwd PE | 19.97 | ||
| P/S | 3.74 | ||
| P/FCF | 21.91 | ||
| P/OCF | 19.9 | ||
| P/B | 3.19 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.51 |
EPS(TTM)7.89
EY4.64%
EPS(NY)8.51
Fwd EY5.01%
FCF(TTM)7.76
FCFY4.57%
OCF(TTM)8.54
OCFY5.03%
SpS45.44
BVpS53.28
TBVpS-9.02
PEG (NY)18.48
PEG (5Y)3.39
Graham Number97.25
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.86% | ||
| ROE | 11.91% | ||
| ROCE | 11.07% | ||
| ROIC | 8.7% | ||
| ROICexc | 9.59% | ||
| ROICexgc | 49.69% | ||
| OM | 20.72% | ||
| PM (TTM) | 13.97% | ||
| GM | 44.41% | ||
| FCFM | 17.07% |
ROA(3y)9.43%
ROA(5y)9.2%
ROE(3y)16.48%
ROE(5y)16.07%
ROIC(3y)10.77%
ROIC(5y)10.86%
ROICexc(3y)11.91%
ROICexc(5y)12.81%
ROICexgc(3y)60.63%
ROICexgc(5y)61.29%
ROCE(3y)13.7%
ROCE(5y)13.82%
ROICexgc growth 3Y-3.1%
ROICexgc growth 5Y-4.49%
ROICexc growth 3Y-11.38%
ROICexc growth 5Y-9.81%
OM growth 3Y-3.35%
OM growth 5Y-2.38%
PM growth 3Y-1.68%
PM growth 5Y-1.96%
GM growth 3Y-0.06%
GM growth 5Y-0.4%
F-Score7
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Debt/EBITDA | 2.08 | ||
| Cap/Depr | 28.86% | ||
| Cap/Sales | 1.72% | ||
| Interest Coverage | 9.7 | ||
| Cash Conversion | 70.42% | ||
| Profit Quality | 122.2% | ||
| Current Ratio | 2.93 | ||
| Quick Ratio | 2.06 | ||
| Altman-Z | 4.51 |
F-Score7
WACC9.04%
ROIC/WACC0.96
Cap/Depr(3y)51%
Cap/Depr(5y)57.05%
Cap/Sales(3y)2.29%
Cap/Sales(5y)2.34%
Profit Quality(3y)102.65%
Profit Quality(5y)110.92%
High Growth Momentum
Growth
EPS 1Y (TTM)2.87%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%6.84%
EPS Next Y1.17%
EPS Next 2Y3.9%
EPS Next 3Y4.6%
EPS Next 5Y9.52%
Revenue 1Y (TTM)7.09%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%10.09%
Revenue Next Year5.05%
Revenue Next 2Y4.08%
Revenue Next 3Y4.74%
Revenue Next 5Y7.03%
EBIT growth 1Y1.74%
EBIT growth 3Y2.2%
EBIT growth 5Y3.04%
EBIT Next Year28.11%
EBIT Next 3Y13.42%
EBIT Next 5Y12.81%
FCF growth 1Y-1.8%
FCF growth 3Y6.97%
FCF growth 5Y4.79%
OCF growth 1Y-5.87%
OCF growth 3Y5.73%
OCF growth 5Y4.82%
IDEX CORP / IEX FAQ
What is the fundamental rating for IEX stock?
ChartMill assigns a fundamental rating of 6 / 10 to IEX.
What is the valuation status for IEX stock?
ChartMill assigns a valuation rating of 3 / 10 to IDEX CORP (IEX). This can be considered as Overvalued.
What is the profitability of IEX stock?
IDEX CORP (IEX) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for IEX stock?
The Price/Earnings (PE) ratio for IDEX CORP (IEX) is 21.53 and the Price/Book (PB) ratio is 3.19.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.