IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
164.49 USD
-2.57 (-1.54%)
164.49 USD
0 (0%)
IEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 130 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 not valued too expensively and it also shows 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.
Each year in the past 5 years IEX has been profitable.
Each year in the past 5 years IEX had a positive operating cash flow.
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.
IEX has a better Return On Equity (11.91%) than 69.23% of its industry peers.
The Return On Invested Capital of IEX (8.70%) is better than 63.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IEX is in line with the industry average of 10.25%.
| 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
IEX has a Profit Margin of 13.97%. This is amongst the best in the industry. IEX outperforms 86.15% of its industry peers.
In the last couple of years the Profit Margin of IEX has declined.
IEX has a better Operating Margin (20.72%) than 90.77% of its industry peers.
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 83.08% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IEX is still creating some value.
The number of shares outstanding for IEX has been increased compared to 1 year ago.
Compared to 5 years ago, IEX has less shares outstanding
Compared to 1 year ago, IEX has a worse debt to assets ratio.
2.2 Solvency
IEX has an Altman-Z score of 4.41. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.41, IEX is doing good in the industry, outperforming 71.54% of the companies in the same industry.
The Debt to FCF ratio of IEX is 3.26, which is a good value as it means it would take IEX, 3.26 years of fcf income to pay off all of its debts.
IEX has a Debt to FCF ratio of 3.26. This is in the better half of the industry: IEX outperforms 67.69% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that IEX is not too dependend on debt financing.
IEX has a Debt to Equity ratio of 0.47. This is comparable to the rest of the industry: IEX outperforms 46.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Altman-Z | 4.41 |
ROIC/WACC0.94
WACC9.26%
2.3 Liquidity
IEX has a Current Ratio of 2.93. This indicates that IEX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.93, IEX is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
IEX has a Quick Ratio of 2.06. This indicates that IEX is financially healthy and has no problem in meeting its short term obligations.
IEX has a better Quick ratio (2.06) than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.93 | ||
| Quick Ratio | 2.06 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.87% over the past year.
The Earnings Per Share has been growing slightly by 6.36% on average over the past years.
IEX shows a small growth in Revenue. In the last year, the Revenue has grown by 7.09%.
Measured over the past years, IEX shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
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
Based on estimates for the next years, IEX will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.52% on average per year.
The Revenue is expected to grow by 7.03% on average over the next years.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
IEX is valuated rather expensively with a Price/Earnings ratio of 20.85.
Compared to the rest of the industry, the Price/Earnings ratio of IEX indicates a somewhat cheap valuation: IEX is cheaper than 63.08% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.89, IEX is valued at the same level.
IEX is valuated rather expensively with a Price/Forward Earnings ratio of 19.34.
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 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.85 | ||
| Fwd PE | 19.34 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as IEX.
64.62% of the companies in the same industry are more expensive than IEX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.21 | ||
| EV/EBITDA | 15 |
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.
The decent profitability rating of IEX may justify a higher PE ratio.
PEG (NY)17.89
PEG (5Y)3.28
EPS Next 2Y3.9%
EPS Next 3Y4.6%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.70%.
IEX's Dividend Yield is a higher than the industry average which is at 1.87.
IEX's Dividend Yield is slightly below the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
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.
The dividend of IEX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP44.24%
EPS Next 2Y3.9%
EPS Next 3Y4.6%
164.49
-2.57 (-1.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners105.67%
Inst Owner Change1.8%
Ins Owners0.18%
Ins Owner Change2.42%
Market Cap12.38B
Revenue(TTM)3.42B
Net Income(TTM)477.90M
Analysts76.84
Price Target197.56 (20.1%)
Short Float %3%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
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)-0.43%
PT rev (3m)-2.11%
EPS NQ rev (1m)-4.12%
EPS NQ rev (3m)-5.75%
EPS NY rev (1m)0.03%
EPS NY rev (3m)-3.76%
Revenue NQ rev (1m)-1.2%
Revenue NQ rev (3m)-1.26%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.85 | ||
| Fwd PE | 19.34 | ||
| P/S | 3.62 | ||
| P/FCF | 21.21 | ||
| P/OCF | 19.26 | ||
| P/B | 3.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15 |
EPS(TTM)7.89
EY4.8%
EPS(NY)8.51
Fwd EY5.17%
FCF(TTM)7.76
FCFY4.72%
OCF(TTM)8.54
OCFY5.19%
SpS45.44
BVpS53.28
TBVpS-9.02
PEG (NY)17.89
PEG (5Y)3.28
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 | 4.41 |
F-Score7
WACC9.26%
ROIC/WACC0.94
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 4 / 10 to IDEX CORP (IEX). This can be considered as Fairly Valued.
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 20.85 and the Price/Book (PB) ratio is 3.09.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.