IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
168.27 USD
+0.41 (+0.24%)
168.27 USD
0 (0%)
Overall IEX gets a fundamental rating of 6 out of 10. We evaluated IEX against 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 is valied quite expensively at the moment, while it does show a decent growth rate. These ratings would make IEX suitable for 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.
IEX had positive earnings in each of the past 5 years.
IEX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IEX has a Return On Assets of 6.87%. This is in the better half of the industry: IEX outperforms 68.46% of its industry peers.
The Return On Equity of IEX (11.94%) is better than 66.15% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.70%, IEX is in the better half of the industry, outperforming 61.54% 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 10.24%.
| 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
IEX's Profit Margin of 14.00% is amongst the best of the industry. IEX outperforms 86.15% of its industry peers.
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.
IEX's Operating Margin has declined in the last couple of years.
IEX has a better Gross Margin (44.39%) 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so IEX is still creating some value.
Compared to 1 year ago, IEX has about the same amount of shares outstanding.
IEX has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for IEX is higher compared to a year ago.
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.
With a decent Altman-Z score value of 4.47, IEX is doing good in the industry, outperforming 70.77% of the companies in the same industry.
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.
With a decent Debt to FCF ratio value of 3.26, IEX is doing good in the industry, outperforming 66.15% of the companies in the same industry.
IEX has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.47, IEX is in line with its industry, outperforming 44.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Altman-Z | 4.47 |
ROIC/WACC0.95
WACC9.18%
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.
With a decent Current ratio value of 2.93, IEX is doing good in the industry, outperforming 76.92% of the companies in the same industry.
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.
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.
The Revenue has been growing slightly by 7.09% in the past year.
Measured over the past years, IEX shows a small growth in Revenue. The Revenue has been growing by 5.55% on average per year.
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.
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
Based on the Price/Earnings ratio of 21.33, the valuation of IEX can be described as rather expensive.
Based on the Price/Earnings ratio, IEX is valued a bit cheaper than the industry average as 64.62% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.13, IEX is valued at the same level.
With a Price/Forward Earnings ratio of 19.78, IEX is valued on the expensive side.
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 22.35. IEX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.33 | ||
| Fwd PE | 19.78 |
4.2 Price Multiples
IEX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, IEX is valued a bit cheaper than the industry average as 64.62% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.69 | ||
| EV/EBITDA | 15.27 |
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)18.3
PEG (5Y)3.35
EPS Next 2Y3.9%
EPS Next 3Y4.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.69%, IEX has a reasonable but not impressive dividend return.
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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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.
IEX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP44.05%
EPS Next 2Y3.9%
EPS Next 3Y4.6%
168.27
+0.41 (+0.24%)
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 Cap12.67B
Revenue(TTM)3.42B
Net Income(TTM)479.00M
Analysts76.84
Price Target197.56 (17.41%)
Short Float %3%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
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)-0.78%
PT rev (3m)-7.67%
EPS NQ rev (1m)0.12%
EPS NQ rev (3m)-4.57%
EPS NY rev (1m)-0.1%
EPS NY rev (3m)-3.88%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)-0.51%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.33 | ||
| Fwd PE | 19.78 | ||
| P/S | 3.7 | ||
| P/FCF | 21.69 | ||
| P/OCF | 19.7 | ||
| P/B | 3.16 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.27 |
EPS(TTM)7.89
EY4.69%
EPS(NY)8.51
Fwd EY5.06%
FCF(TTM)7.76
FCFY4.61%
OCF(TTM)8.54
OCFY5.08%
SpS45.44
BVpS53.29
TBVpS-9.02
PEG (NY)18.3
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
WACC9.18%
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 3 / 10 to IDEX CORP (IEX). This can be considered as Overvalued.
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 21.33 and the Price/Book (PB) ratio is 3.16.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.