IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
169.57 USD
+0.06 (+0.04%)
169.57 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to IEX. IEX was compared to 130 industry peers in the Machinery industry. IEX gets an excellent profitability rating and is at the same time showing great financial health properties. IEX has a correct valuation and a medium growth rate. IEX also has an excellent dividend rating. This makes IEX very considerable for dividend and quality investing!
1. Profitability
1.1 Basic Checks
In the past year IEX was profitable.
IEX had a positive operating cash flow in the past year.
IEX had positive earnings in each of the past 5 years.
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 70.00% of the companies in the same industry.
IEX has a Return On Equity of 11.94%. This is in the better half of the industry: IEX outperforms 67.69% of its industry peers.
IEX has a better Return On Invested Capital (8.70%) than 63.08% of its industry peers.
IEX had an Average Return On Invested Capital over the past 3 years of 10.77%. This is in line with the industry average of 10.28%.
| 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
The Profit Margin of IEX (14.00%) is better than 86.15% 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 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
IEX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for IEX remains at a similar level compared to 1 year ago.
IEX has about the same amout of shares outstanding than it did 5 years ago.
IEX has a worse debt/assets ratio than last year.
2.2 Solvency
IEX has an Altman-Z score of 4.49. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.49, IEX is in the better half of the industry, outperforming 72.31% of the companies in the same industry.
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.
With a decent Debt to FCF ratio value of 3.26, IEX is doing good in the industry, outperforming 66.92% of the companies in the same industry.
A Debt/Equity ratio of 0.47 indicates that IEX is not too dependend on debt financing.
IEX has a Debt to Equity ratio (0.47) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Altman-Z | 4.49 |
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.
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.
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
IEX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.87%.
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
Based on estimates for the next years, IEX will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.52% on average per year.
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
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
Based on the Price/Earnings ratio of 21.49, the valuation of IEX can be described as rather expensive.
Based on the Price/Earnings ratio, IEX is valued a bit cheaper than 61.54% of the companies in the same industry.
IEX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.34.
Based on the Price/Forward Earnings ratio of 19.93, the valuation of IEX can be described as rather expensive.
IEX's Price/Forward Earnings is on the same level as the industry average.
IEX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.43, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.49 | ||
| Fwd PE | 19.93 |
4.2 Price Multiples
IEX's Enterprise Value to EBITDA is on the same level as the industry average.
63.08% of the companies in the same industry are more expensive than IEX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.86 | ||
| EV/EBITDA | 15.4 |
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.
The decent profitability rating of IEX may justify a higher PE ratio.
PEG (NY)18.44
PEG (5Y)3.38
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 1.86. 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 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
44.05% 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.
DP44.05%
EPS Next 2Y3.9%
EPS Next 3Y4.6%
169.57
+0.06 (+0.04%)
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 Cap12.77B
Revenue(TTM)3.42B
Net Income(TTM)479.00M
Analysts76.84
Price Target197.56 (16.51%)
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 | 21.49 | ||
| Fwd PE | 19.93 | ||
| P/S | 3.73 | ||
| P/FCF | 21.86 | ||
| P/OCF | 19.86 | ||
| P/B | 3.18 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.4 |
EPS(TTM)7.89
EY4.65%
EPS(NY)8.51
Fwd EY5.02%
FCF(TTM)7.76
FCFY4.57%
OCF(TTM)8.54
OCFY5.04%
SpS45.44
BVpS53.29
TBVpS-9.02
PEG (NY)18.44
PEG (5Y)3.38
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 | 4.49 |
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 21.49 and the Price/Book (PB) ratio is 3.18.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.