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%)
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. 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 could make IEX a good candidate for 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.
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
IEX has a better Return On Assets (6.87%) than 68.46% of its industry peers.
IEX's Return On Equity of 11.94% is fine compared to the rest of the industry. IEX outperforms 66.15% of its industry peers.
The Return On Invested Capital of IEX (8.70%) is better than 61.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IEX is in line with the industry average of 10.24%.
| 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
With an excellent Profit Margin value of 14.00%, IEX belongs to the best of the industry, outperforming 86.15% of the companies in the same industry.
IEX's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 20.72%, IEX belongs to the top 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.
The Gross Margin of IEX (44.39%) is better than 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
IEX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
IEX has a worse debt/assets ratio than last year.
2.2 Solvency
IEX has an Altman-Z score of 4.47. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
IEX's Altman-Z score of 4.47 is fine compared to the rest of the industry. IEX outperforms 70.00% 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.
The Debt to FCF ratio of IEX (3.26) is better than 66.15% of its industry peers.
A Debt/Equity ratio of 0.47 indicates that IEX is not too dependend on debt financing.
IEX's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. IEX outperforms 44.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Altman-Z | 4.47 |
ROIC/WACC0.95
WACC9.17%
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.
IEX has a better Current ratio (2.93) than 76.92% of its industry peers.
A Quick Ratio of 2.06 indicates that IEX has no problem at all paying its short term obligations.
The Quick ratio of IEX (2.06) is better than 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.
The Earnings Per Share has been growing slightly by 6.36% on average over the past years.
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
The Price/Earnings ratio is 21.29, which indicates a rather expensive current valuation of IEX.
Compared to the rest of the industry, the Price/Earnings ratio of IEX indicates a somewhat cheap valuation: IEX is cheaper than 63.85% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of IEX to the average of the S&P500 Index (25.83), we can say IEX is valued inline with the index average.
With a Price/Forward Earnings ratio of 19.75, IEX is valued on the expensive side.
IEX's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.68, IEX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.29 | ||
| Fwd PE | 19.75 |
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 64.62% 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 an expensive valuation of the company.
The decent profitability rating of IEX 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%.
IEX's Dividend Yield is a higher than the industry average which is at 1.83.
IEX's Dividend Yield is slightly below the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.7% |
5.2 History
On average, the dividend of IEX grows each year by 6.86%, which is quite nice.
IEX has paid a dividend for at least 10 years, which is a reliable track record.
IEX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.86%
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 Change1.52%
Ins Owners0.18%
Ins Owner Change1.77%
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
WACC9.17%
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.