IDEX CORP (IEX) Stock Fundamental Analysis
NYSE:IEX - New York Stock Exchange, Inc. - US45167R1041 - Common Stock
IEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 131 industry peers in the Machinery industry. IEX gets an excellent profitability rating and is at the same time showing great financial health properties. IEX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year IEX was profitable.
IEX had a positive operating cash flow in the past year.
In the past 5 years IEX has always 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 7.04%, IEX is doing good in the industry, outperforming 67.72% of the companies in the same industry.
The Return On Equity of IEX (12.84%) is better than 63.78% of its industry peers.
With a decent Return On Invested Capital value of 8.53%, IEX is doing good in the industry, outperforming 62.20% 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 11.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 12.84% | ||
| ROIC | 8.53% |
ROA(3y)9.98%
ROA(5y)9.93%
ROE(3y)17.39%
ROE(5y)17.17%
ROIC(3y)11.6%
ROIC(5y)11.75%
1.3 Margins
IEX's Profit Margin of 15.35% is amongst the best of the industry. IEX outperforms 90.55% of its industry peers.
In the last couple of years the Profit Margin of IEX has grown nicely.
With an excellent Operating Margin value of 21.82%, IEX belongs to the best of the industry, outperforming 92.13% of the companies in the same industry.
IEX's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 44.29%, IEX belongs to the top of the industry, outperforming 83.46% 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 | 21.82% | ||
| PM (TTM) | 15.35% | ||
| GM | 44.29% |
OM growth 3Y0.42%
OM growth 5Y-0.41%
PM growth 3Y4.26%
PM growth 5Y1.95%
GM growth 3Y0.38%
GM growth 5Y-0.36%
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 remains at a similar level compared to 1 year ago.
Compared to 5 years ago, IEX has less shares outstanding
IEX has a better debt/assets ratio than last year.
2.2 Solvency
IEX has an Altman-Z score of 4.99. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.99, IEX is doing good in the industry, outperforming 71.65% of the companies in the same industry.
The Debt to FCF ratio of IEX is 3.32, which is a good value as it means it would take IEX, 3.32 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.32, IEX is in the better half of the industry, outperforming 63.78% of the companies in the same industry.
IEX has a Debt/Equity ratio of 0.54. This is a neutral value indicating IEX is somewhat dependend on debt financing.
IEX has a Debt to Equity ratio (0.54) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 3.32 | ||
| Altman-Z | 4.99 |
ROIC/WACC0.9
WACC9.45%
2.3 Liquidity
A Current Ratio of 2.97 indicates that IEX has no problem at all paying its short term obligations.
IEX has a better Current ratio (2.97) than 75.59% of its industry peers.
IEX has a Quick Ratio of 2.11. This indicates that IEX is financially healthy and has no problem in meeting its short term obligations.
IEX's Quick ratio of 2.11 is fine compared to the rest of the industry. IEX outperforms 79.53% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.97 | ||
| Quick Ratio | 2.11 |
3. Growth
3.1 Past
IEX shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.69%.
IEX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.73% yearly.
The Revenue has decreased by -3.06% in the past year.
The Revenue has been growing slightly by 5.68% on average over the past years.
EPS 1Y (TTM)-8.69%
EPS 3Y16.49%
EPS 5Y8.73%
EPS Q2Q%-10.38%
Revenue 1Y (TTM)-3.06%
Revenue growth 3Y11.66%
Revenue growth 5Y5.68%
Sales Q2Q%0.6%
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 8.47% on average per year.
The Revenue is expected to grow by 7.19% on average over the next years.
EPS Next Y-3.22%
EPS Next 2Y2.62%
EPS Next 3Y4.46%
EPS Next 5Y8.47%
Revenue Next Year0.67%
Revenue Next 2Y4.09%
Revenue Next 3Y4.79%
Revenue Next 5Y7.19%
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 stable.
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 28.64 indicates a quite expensive valuation of IEX.
Compared to the rest of the industry, the Price/Earnings ratio of IEX is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.29, IEX is valued at the same level.
IEX is valuated quite expensively with a Price/Forward Earnings ratio of 25.37.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IEX is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 24.44. IEX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.64 | ||
| Fwd PE | 25.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IEX is valued a bit more expensive than 62.99% of the companies in the same industry.
IEX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.6 | ||
| EV/EBITDA | 20.98 |
4.3 Compensation for Growth
IEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.28
EPS Next 2Y2.62%
EPS Next 3Y4.46%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.27%, IEX has a reasonable but not impressive dividend return.
IEX's Dividend Yield is a higher than the industry average which is at 1.65.
Compared to an average S&P500 Dividend Yield of 2.28, IEX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
5.2 History
The dividend of IEX is nicely growing with an annual growth rate of 8.58%!
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)8.58%
Div Incr Years15
Div Non Decr Years29
5.3 Sustainability
IEX pays out 41.07% of its income as dividend. This is a bit on the high side, but may be sustainable.
IEX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP41.07%
EPS Next 2Y2.62%
EPS Next 3Y4.46%
IDEX CORP
NYSE:IEX (1/21/2025, 8:07:00 PM)
Premarket: 221.16 +1.5 (+0.68%)219.66
+3.97 (+1.84%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners98.89%
Inst Owner Change0.12%
Ins Owners0.17%
Ins Owner Change0%
Market Cap16.63B
Analysts75.79
Price Target242.2 (10.26%)
Short Float %1.59%
Short Ratio2.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
Yearly Dividend2.52
Dividend Growth(5Y)8.58%
DP41.07%
Div Incr Years15
Div Non Decr Years29
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.16%
Min EPS beat(2)-0.18%
Max EPS beat(2)-0.13%
EPS beat(4)2
Avg EPS beat(4)1.89%
Min EPS beat(4)-0.18%
Max EPS beat(4)5.89%
EPS beat(8)6
Avg EPS beat(8)3.03%
EPS beat(12)9
Avg EPS beat(12)3.69%
EPS beat(16)12
Avg EPS beat(16)3.36%
Revenue beat(2)0
Avg Revenue beat(2)-1.79%
Min Revenue beat(2)-3.45%
Max Revenue beat(2)-0.12%
Revenue beat(4)1
Avg Revenue beat(4)-0.95%
Min Revenue beat(4)-3.45%
Max Revenue beat(4)1.56%
Revenue beat(8)3
Avg Revenue beat(8)-0.06%
Revenue beat(12)6
Avg Revenue beat(12)0.88%
Revenue beat(16)9
Avg Revenue beat(16)0.81%
PT rev (1m)2.13%
PT rev (3m)5.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.99%
EPS NY rev (1m)0%
EPS NY rev (3m)0.26%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.64 | ||
| Fwd PE | 25.37 | ||
| P/S | 5.21 | ||
| P/FCF | 26.6 | ||
| P/OCF | 23.88 | ||
| P/B | 4.36 | ||
| P/tB | N/A | ||
| EV/EBITDA | 20.98 |
EPS(TTM)7.67
EY3.49%
EPS(NY)8.66
Fwd EY3.94%
FCF(TTM)8.26
FCFY3.76%
OCF(TTM)9.2
OCFY4.19%
SpS42.19
BVpS50.43
TBVpS-11.18
PEG (NY)N/A
PEG (5Y)3.28
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 12.84% | ||
| ROCE | 10.89% | ||
| ROIC | 8.53% | ||
| ROICexc | 9.46% | ||
| ROICexgc | 49.44% | ||
| OM | 21.82% | ||
| PM (TTM) | 15.35% | ||
| GM | 44.29% | ||
| FCFM | 19.57% |
ROA(3y)9.98%
ROA(5y)9.93%
ROE(3y)17.39%
ROE(5y)17.17%
ROIC(3y)11.6%
ROIC(5y)11.75%
ROICexc(3y)13.31%
ROICexc(5y)14.1%
ROICexgc(3y)62.26%
ROICexgc(5y)63.99%
ROCE(3y)14.81%
ROCE(5y)15.01%
ROICexcg growth 3Y-0.84%
ROICexcg growth 5Y-5.85%
ROICexc growth 3Y-4.45%
ROICexc growth 5Y-6.71%
OM growth 3Y0.42%
OM growth 5Y-0.41%
PM growth 3Y4.26%
PM growth 5Y1.95%
GM growth 3Y0.38%
GM growth 5Y-0.36%
F-Score4
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 3.32 | ||
| Debt/EBITDA | 2.41 | ||
| Cap/Depr | 43.28% | ||
| Cap/Sales | 2.23% | ||
| Interest Coverage | 15.22 | ||
| Cash Conversion | 80.84% | ||
| Profit Quality | 127.51% | ||
| Current Ratio | 2.97 | ||
| Quick Ratio | 2.11 | ||
| Altman-Z | 4.99 |
F-Score4
WACC9.45%
ROIC/WACC0.9
Cap/Depr(3y)62.17%
Cap/Depr(5y)62.89%
Cap/Sales(3y)2.5%
Cap/Sales(5y)2.35%
Profit Quality(3y)99.38%
Profit Quality(5y)109.47%
High Growth Momentum
Growth
EPS 1Y (TTM)-8.69%
EPS 3Y16.49%
EPS 5Y8.73%
EPS Q2Q%-10.38%
EPS Next Y-3.22%
EPS Next 2Y2.62%
EPS Next 3Y4.46%
EPS Next 5Y8.47%
Revenue 1Y (TTM)-3.06%
Revenue growth 3Y11.66%
Revenue growth 5Y5.68%
Sales Q2Q%0.6%
Revenue Next Year0.67%
Revenue Next 2Y4.09%
Revenue Next 3Y4.79%
Revenue Next 5Y7.19%
EBIT growth 1Y-8.72%
EBIT growth 3Y12.13%
EBIT growth 5Y5.25%
EBIT Next Year19.11%
EBIT Next 3Y13.21%
EBIT Next 5Y12.91%
FCF growth 1Y30.82%
FCF growth 3Y6.58%
FCF growth 5Y8.38%
OCF growth 1Y25.9%
OCF growth 3Y7.98%
OCF growth 5Y8.38%