IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
167.96 USD
+1.14 (+0.68%)
169 USD
+1.04 (+0.62%)
IEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 130 industry peers in the Machinery industry. IEX has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. IEX has a decent growth rate and is not valued too expensively. IEX also has an excellent dividend rating. These ratings could make IEX a good candidate for dividend and quality investing.
1. Profitability
1.1 Basic Checks
In the past year IEX was profitable.
In the past year IEX had a positive cash flow from operations.
In the past 5 years IEX has always been profitable.
In the past 5 years IEX always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.87%, IEX is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
With a decent Return On Equity value of 11.94%, IEX is doing good in the industry, outperforming 66.15% of the companies in the same industry.
IEX has a Return On Invested Capital of 8.70%. This is in the better half of the industry: IEX outperforms 61.54% 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 | 6.87% | ||
| ROE | 11.94% | ||
| 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's Profit Margin of 14.00% is amongst the best of the industry. IEX outperforms 86.15% of its industry peers.
IEX's Profit Margin has declined in the last couple of years.
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.
IEX has a Gross Margin of 44.39%. This is amongst the best in the industry. IEX outperforms 83.08% of its industry peers.
IEX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.72% | ||
| PM (TTM) | 14% | ||
| GM | 44.39% |
OM growth 3Y-3.34%
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.
Compared to 1 year ago, IEX has about the same amount of shares outstanding.
The number of shares outstanding for IEX remains at a similar level compared to 5 years ago.
The debt/assets ratio for IEX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.47 indicates that IEX is not in any danger for bankruptcy at the moment.
IEX has a Altman-Z score of 4.47. This is in the better half of the industry: IEX outperforms 71.54% of its industry peers.
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's Debt to FCF ratio of 3.26 is fine compared to the rest 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 | 4.47 |
ROIC/WACC0.95
WACC9.19%
2.3 Liquidity
A Current Ratio of 2.93 indicates that IEX has no problem at all paying 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 Quick ratio of 2.06. This is in the better half of the industry: IEX outperforms 75.38% 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.
IEX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.36% yearly.
IEX shows a small growth in Revenue. In the last year, the Revenue has grown by 7.09%.
IEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
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
IEX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.52% yearly.
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
With a Price/Earnings ratio of 21.29, IEX is valued on the expensive side.
Based on the Price/Earnings ratio, IEX is valued a bit cheaper than the industry average as 63.08% of the companies are valued more expensively.
IEX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.06.
Based on the Price/Forward Earnings ratio of 19.75, the valuation of IEX can be described as rather expensive.
IEX's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 32.73. IEX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.29 | ||
| Fwd PE | 19.75 |
4.2 Price Multiples
IEX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, IEX is valued a bit cheaper than 63.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.65 | ||
| EV/EBITDA | 15.28 |
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)18.26
PEG (5Y)3.35
EPS Next 2Y3.9%
EPS Next 3Y4.6%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.70%. Purely for dividend investing, there may be better candidates out there.
IEX's Dividend Yield is rather good when compared to the industry average which is at 1.85. IEX pays more dividend than 80.77% of the companies in the same industry.
IEX's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
5.2 History
The dividend of IEX is nicely growing with an annual growth rate of 6.86%!
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)6.86%
Div Incr Years15
Div Non Decr Years29
5.3 Sustainability
IEX pays out 44.05% 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.
DP44.05%
EPS Next 2Y3.9%
EPS Next 3Y4.6%
167.96
+1.14 (+0.68%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners105.67%
Inst Owner Change0.73%
Ins Owners0.18%
Ins Owner Change0.74%
Market Cap12.65B
Revenue(TTM)3.42B
Net Income(TTM)479.00M
Analysts76.84
Price Target197.56 (17.62%)
Short Float %3%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
Yearly Dividend2.7
Dividend Growth(5Y)6.86%
DP44.05%
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)-3.93%
EPS NQ rev (3m)-7.51%
EPS NY rev (1m)0.03%
EPS NY rev (3m)-3.76%
Revenue NQ rev (1m)-1.26%
Revenue NQ rev (3m)-1.34%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.29 | ||
| Fwd PE | 19.75 | ||
| P/S | 3.7 | ||
| P/FCF | 21.65 | ||
| P/OCF | 19.67 | ||
| P/B | 3.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.28 |
EPS(TTM)7.89
EY4.7%
EPS(NY)8.51
Fwd EY5.06%
FCF(TTM)7.76
FCFY4.62%
OCF(TTM)8.54
OCFY5.08%
SpS45.44
BVpS53.29
TBVpS-9.02
PEG (NY)18.26
PEG (5Y)3.35
Graham Number97.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.87% | ||
| ROE | 11.94% | ||
| ROCE | 11.07% | ||
| ROIC | 8.7% | ||
| ROICexc | 9.58% | ||
| ROICexgc | 49.68% | ||
| OM | 20.72% | ||
| PM (TTM) | 14% | ||
| GM | 44.39% | ||
| 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)11.9%
ROICexc(5y)12.8%
ROICexgc(3y)60.59%
ROICexgc(5y)61.25%
ROCE(3y)13.7%
ROCE(5y)13.81%
ROICexgc growth 3Y-3.06%
ROICexgc growth 5Y-4.47%
ROICexc growth 3Y-11.38%
ROICexc growth 5Y-9.8%
OM growth 3Y-3.34%
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 | 28.84% | ||
| Cap/Sales | 1.72% | ||
| Interest Coverage | 9.71 | ||
| Cash Conversion | 70.39% | ||
| Profit Quality | 121.92% | ||
| Current Ratio | 2.93 | ||
| Quick Ratio | 2.06 | ||
| Altman-Z | 4.47 |
F-Score7
WACC9.19%
ROIC/WACC0.95
Cap/Depr(3y)50.99%
Cap/Depr(5y)57.05%
Cap/Sales(3y)2.29%
Cap/Sales(5y)2.34%
Profit Quality(3y)102.67%
Profit Quality(5y)110.93%
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 1Y1.75%
EBIT growth 3Y2.21%
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-5.86%
OCF growth 3Y5.72%
OCF growth 5Y4.81%
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 21.29 and the Price/Book (PB) ratio is 3.15.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.