IDEX CORP (IEX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IEX - US45167R1041 - Common Stock
177.78 USD
+0.28 (+0.16%)
177.78 USD
0 (0%)
Overall IEX gets a fundamental rating of 6 out of 10. We evaluated IEX 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 quite expensive at the moment. It does show a decent growth rate. IEX also has an excellent dividend rating. With these ratings, IEX could be worth investigating further for dividend and quality investing!.
1. Profitability
1.1 Basic Checks
IEX had positive earnings in the past year.
In the past year IEX had a positive cash flow from operations.
Each year in the past 5 years IEX has been profitable.
In the past 5 years IEX always reported a positive cash flow from operatings.
1.2 Ratios
IEX has a better Return On Assets (6.86%) than 69.23% of its industry peers.
IEX's Return On Equity of 11.91% is fine compared to the rest of the industry. IEX outperforms 68.46% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.70%, IEX is in the better half of the industry, outperforming 63.08% 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 10.32%.
| 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 83.85% of its industry peers.
IEX's Profit Margin has declined in the last couple of years.
IEX's Operating Margin of 20.72% is amongst the best of the industry. IEX outperforms 91.54% of its industry peers.
IEX's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 44.41%, IEX belongs to the best 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IEX is creating some value.
Compared to 1 year ago, IEX has more shares outstanding
Compared to 5 years ago, IEX has less shares outstanding
IEX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.60 indicates that IEX is not in any danger for bankruptcy at the moment.
IEX has a Altman-Z score of 4.60. This is in the better half of the industry: IEX outperforms 73.85% 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.
IEX has a Debt to FCF ratio of 3.26. This is in the better half of the industry: IEX outperforms 66.92% of its industry peers.
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 | 4.6 |
ROIC/WACC0.94
WACC9.29%
2.3 Liquidity
A Current Ratio of 2.93 indicates that IEX has no problem at all paying its short term obligations.
IEX's Current ratio of 2.93 is fine compared to the rest of the industry. IEX outperforms 76.15% of its industry peers.
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 76.15% 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.
The Revenue has been growing slightly by 7.09% in the past year.
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
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 Y1.16%
EPS Next 2Y3.31%
EPS Next 3Y4.22%
EPS Next 5Y9.52%
Revenue Next Year5.14%
Revenue Next 2Y4.05%
Revenue Next 3Y4.55%
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.
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
A Price/Earnings ratio of 22.53 indicates a rather expensive valuation of IEX.
IEX's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.38, IEX is valued at the same level.
IEX is valuated rather expensively with a Price/Forward Earnings ratio of 21.14.
IEX's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.83, IEX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.53 | ||
| Fwd PE | 21.14 |
4.2 Price Multiples
IEX's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as IEX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.79 | ||
| EV/EBITDA | 15.99 |
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)19.42
PEG (5Y)3.54
EPS Next 2Y3.31%
EPS Next 3Y4.22%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.60%.
Compared to an average industry Dividend Yield of 1.00, IEX pays a better dividend. On top of this IEX pays more dividend than 80.77% of the companies listed in the same industry.
IEX's Dividend Yield is comparable with the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
5.2 History
The dividend of IEX is nicely growing with an annual growth rate of 6.95%!
IEX has been paying a dividend for at least 10 years, so it has 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 2Y3.31%
EPS Next 3Y4.22%
177.78
+0.28 (+0.16%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners105.94%
Inst Owner Change2.03%
Ins Owners0.19%
Ins Owner Change0.41%
Market Cap13.31B
Revenue(TTM)3.42B
Net Income(TTM)477.90M
Analysts76.84
Price Target197.48 (11.08%)
Short Float %3.49%
Short Ratio4.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
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)-0.04%
PT rev (3m)-0.82%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)-3.91%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.26%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.53 | ||
| Fwd PE | 21.14 | ||
| P/S | 3.89 | ||
| P/FCF | 22.79 | ||
| P/OCF | 20.7 | ||
| P/B | 3.32 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.99 |
EPS(TTM)7.89
EY4.44%
EPS(NY)8.41
Fwd EY4.73%
FCF(TTM)7.8
FCFY4.39%
OCF(TTM)8.59
OCFY4.83%
SpS45.71
BVpS53.59
TBVpS-9.07
PEG (NY)19.42
PEG (5Y)3.54
Graham Number97.54
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 | 4.6 |
F-Score7
WACC9.29%
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 Y1.16%
EPS Next 2Y3.31%
EPS Next 3Y4.22%
EPS Next 5Y9.52%
Revenue 1Y (TTM)7.09%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%10.09%
Revenue Next Year5.14%
Revenue Next 2Y4.05%
Revenue Next 3Y4.55%
Revenue Next 5Y7.03%
EBIT growth 1Y1.74%
EBIT growth 3Y2.2%
EBIT growth 5Y3.04%
EBIT Next Year28.3%
EBIT Next 3Y12.77%
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 2 / 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 22.53 and the Price/Book (PB) ratio is 3.32.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.