IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
167.06 USD
-2.51 (-1.48%)
167.06 USD
0 (0%)
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. IEX has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. IEX is not valued too expensively and it also shows a decent 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.
In the past year IEX had a positive cash flow from operations.
In the past 5 years IEX has always been profitable.
Each year in the past 5 years IEX had a positive operating cash flow.
1.2 Ratios
IEX's Return On Assets of 6.87% is fine compared to the rest of the industry. IEX outperforms 70.00% of its industry peers.
With a decent Return On Equity value of 11.94%, IEX is doing good in the industry, outperforming 67.69% of the companies in the same industry.
IEX has a better Return On Invested Capital (8.70%) than 63.08% 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 10.28%.
| 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
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.
In the last couple of years the Profit Margin of IEX has declined.
With an excellent Operating Margin value of 20.72%, IEX belongs to the best of the industry, outperforming 90.77% of the companies in the same industry.
IEX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 44.39%, IEX belongs to the top of the industry, outperforming 83.08% 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 | 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.
IEX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, IEX has about the same amount of shares outstanding.
The debt/assets ratio for IEX is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.49 indicates that IEX is not in any danger for bankruptcy at the moment.
IEX's Altman-Z score of 4.49 is fine compared to the rest of the industry. IEX outperforms 72.31% 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.
Looking at the Debt to FCF ratio, with a value of 3.26, IEX is in the better half of 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
WACC9.13%
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.
Looking at the Quick ratio, with a value of 2.06, IEX is in the better half of the industry, outperforming 76.15% of the companies in the same industry.
| 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.
IEX shows a small growth in Revenue. In the last year, the Revenue has grown by 7.09%.
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
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
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.
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
The Price/Earnings ratio is 21.17, which indicates a rather expensive current valuation of IEX.
63.08% of the companies in the same industry are more expensive than IEX, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.91, IEX is valued at the same level.
Based on the Price/Forward Earnings ratio of 19.64, the valuation of IEX can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IEX is on the same level as its industry peers.
IEX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.17 | ||
| Fwd PE | 19.64 |
4.2 Price Multiples
IEX's Enterprise Value to EBITDA ratio is in line with the industry average.
64.62% 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 | 21.54 | ||
| EV/EBITDA | 15.41 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
IEX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)18.17
PEG (5Y)3.33
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 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.
Compared to the average S&P500 Dividend Yield of 2.36, IEX is paying slightly less dividend.
| 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 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
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%
167.06
-2.51 (-1.48%)
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 Cap12.58B
Revenue(TTM)3.42B
Net Income(TTM)479.00M
Analysts76.84
Price Target197.56 (18.26%)
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 | 21.17 | ||
| Fwd PE | 19.64 | ||
| P/S | 3.68 | ||
| P/FCF | 21.54 | ||
| P/OCF | 19.56 | ||
| P/B | 3.14 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.41 |
EPS(TTM)7.89
EY4.72%
EPS(NY)8.51
Fwd EY5.09%
FCF(TTM)7.76
FCFY4.64%
OCF(TTM)8.54
OCFY5.11%
SpS45.44
BVpS53.29
TBVpS-9.02
PEG (NY)18.17
PEG (5Y)3.33
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
WACC9.13%
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 21.17 and the Price/Book (PB) ratio is 3.14.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.