IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
161.16 USD
+0.61 (+0.38%)
161.16 USD
0 (0%)
IEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 128 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.
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.
IEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 6.83%, IEX is doing good in the industry, outperforming 67.19% of the companies in the same industry.
With a decent Return On Equity value of 11.70%, IEX is doing good in the industry, outperforming 64.06% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.64%, IEX is in the better half of the industry, outperforming 60.16% 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 10.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 11.7% | ||
| ROIC | 8.64% |
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
Looking at the Profit Margin, with a value of 14.05%, IEX belongs to the top of the industry, outperforming 85.94% of the companies in the same industry.
IEX's Profit Margin has declined in the last couple of years.
IEX has a Operating Margin of 20.87%. This is amongst the best in the industry. IEX outperforms 92.97% of its industry peers.
IEX's Operating Margin has declined in the last couple of years.
IEX's Gross Margin of 44.36% is amongst the best of the industry. IEX outperforms 82.81% of its industry peers.
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 | 20.87% | ||
| PM (TTM) | 14.05% | ||
| GM | 44.36% |
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.
The number of shares outstanding for IEX has been increased compared to 1 year ago.
The number of shares outstanding for IEX has been reduced compared to 5 years ago.
IEX has a worse debt/assets ratio than last year.
2.2 Solvency
IEX has an Altman-Z score of 4.43. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of IEX (4.43) is better than 71.88% of its industry peers.
IEX has a debt to FCF ratio of 3.15. This is a good value and a sign of high solvency as IEX would need 3.15 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.15, IEX is in the better half of the industry, outperforming 67.97% of the companies in the same industry.
IEX has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
IEX has a Debt to Equity ratio (0.46) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 4.43 |
ROIC/WACC0.9
WACC9.57%
2.3 Liquidity
A Current Ratio of 3.05 indicates that IEX has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.05, IEX is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
IEX has a Quick Ratio of 2.13. This indicates that IEX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.13, IEX is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.13 |
3. Growth
3.1 Past
The earnings per share for IEX have decreased by -1.65% in the last year.
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.
IEX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.73%.
IEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
EPS 1Y (TTM)-1.65%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%0.49%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%7.21%
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 9.55% on average per year.
Based on estimates for the next years, IEX will show a small growth in Revenue. The Revenue will grow by 7.21% on average per year.
EPS Next Y1.14%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
EPS Next 5Y9.55%
Revenue Next Year4.96%
Revenue Next 2Y4.48%
Revenue Next 3Y5.1%
Revenue Next 5Y7.21%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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 20.77, IEX is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of IEX indicates a somewhat cheap valuation: IEX is cheaper than 67.19% of the companies listed in the same industry.
IEX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.27.
With a Price/Forward Earnings ratio of 18.54, IEX is valued on the expensive side.
IEX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.77. IEX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.77 | ||
| Fwd PE | 18.54 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IEX is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, IEX is valued a bit cheaper than the industry average as 64.84% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.67 | ||
| EV/EBITDA | 14.97 |
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)18.27
PEG (5Y)3.27
EPS Next 2Y5.02%
EPS Next 3Y6.41%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.73%.
IEX's Dividend Yield is a higher than the industry average which is at 1.74.
Compared to the average S&P500 Dividend Yield of 2.38, IEX is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.95%
Div Incr Years15
Div Non Decr Years29
5.3 Sustainability
44.84% of the earnings are spent on dividend by IEX. 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.
DP44.84%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
161.16
+0.61 (+0.38%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners102.5%
Inst Owner Change-0.23%
Ins Owners0.18%
Ins Owner Change1.77%
Market Cap12.13B
Analysts76.84
Price Target199.11 (23.55%)
Short Float %2.57%
Short Ratio2.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
Yearly Dividend2.71
Dividend Growth(5Y)6.95%
DP44.84%
Div Incr Years15
Div Non Decr Years29
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.49%
Min EPS beat(2)2.89%
Max EPS beat(2)6.08%
EPS beat(4)2
Avg EPS beat(4)2.17%
Min EPS beat(4)-0.18%
Max EPS beat(4)6.08%
EPS beat(8)5
Avg EPS beat(8)3.45%
EPS beat(12)9
Avg EPS beat(12)3.25%
EPS beat(16)12
Avg EPS beat(16)3.41%
Revenue beat(2)0
Avg Revenue beat(2)-0.17%
Min Revenue beat(2)-0.22%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-0.39%
Min Revenue beat(4)-1.1%
Max Revenue beat(4)-0.12%
Revenue beat(8)1
Avg Revenue beat(8)-0.79%
Revenue beat(12)4
Avg Revenue beat(12)0.22%
Revenue beat(16)7
Avg Revenue beat(16)0.64%
PT rev (1m)-1.35%
PT rev (3m)-6.65%
EPS NQ rev (1m)-1.76%
EPS NQ rev (3m)-10.83%
EPS NY rev (1m)-3.78%
EPS NY rev (3m)-3.89%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.55%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.77 | ||
| Fwd PE | 18.54 | ||
| P/S | 3.63 | ||
| P/FCF | 20.67 | ||
| P/OCF | 18.8 | ||
| P/B | 3.02 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.97 |
EPS(TTM)7.76
EY4.82%
EPS(NY)8.69
Fwd EY5.39%
FCF(TTM)7.8
FCFY4.84%
OCF(TTM)8.57
OCFY5.32%
SpS44.37
BVpS53.28
TBVpS-8.32
PEG (NY)18.27
PEG (5Y)3.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 11.7% | ||
| ROCE | 10.99% | ||
| ROIC | 8.64% | ||
| ROICexc | 9.49% | ||
| ROICexgc | 48.09% | ||
| OM | 20.87% | ||
| PM (TTM) | 14.05% | ||
| GM | 44.36% | ||
| FCFM | 17.57% |
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%
ROICexcg growth 3Y-3.1%
ROICexcg 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-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.15 | ||
| Debt/EBITDA | 2.07 | ||
| Cap/Depr | 29.82% | ||
| Cap/Sales | 1.75% | ||
| Interest Coverage | 11.41 | ||
| Cash Conversion | 72.29% | ||
| Profit Quality | 125.05% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z | 4.43 |
F-Score5
WACC9.57%
ROIC/WACC0.9
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)-1.65%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%0.49%
EPS Next Y1.14%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
EPS Next 5Y9.55%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%7.21%
Revenue Next Year4.96%
Revenue Next 2Y4.48%
Revenue Next 3Y5.1%
Revenue Next 5Y7.21%
EBIT growth 1Y-1.01%
EBIT growth 3Y2.2%
EBIT growth 5Y3.04%
EBIT Next Year28.87%
EBIT Next 3Y13.49%
EBIT Next 5Y13.03%
FCF growth 1Y2.98%
FCF growth 3Y6.97%
FCF growth 5Y4.79%
OCF growth 1Y-1.41%
OCF growth 3Y5.73%
OCF growth 5Y4.82%