IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
166.31 USD
+1.28 (+0.78%)
166.31 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 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.
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.
Each year in the past 5 years IEX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.83%, IEX is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
IEX has a Return On Equity of 11.70%. This is in the better half of the industry: IEX outperforms 64.62% of its industry peers.
The Return On Invested Capital of IEX (8.64%) is better than 61.54% 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 10.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 11.7% | ||
| ROIC | 8.64% |
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 has a Profit Margin of 14.05%. This is amongst the best in the industry. IEX outperforms 86.92% of its industry peers.
In the last couple of years the Profit Margin of IEX has declined.
Looking at the Operating Margin, with a value of 20.87%, IEX belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
In the last couple of years the Operating Margin of IEX has declined.
IEX's Gross Margin of 44.36% is amongst the best of 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 | 20.87% | ||
| PM (TTM) | 14.05% | ||
| GM | 44.36% |
OM growth 3Y-3.35%
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.
IEX has more shares outstanding than it did 1 year ago.
IEX has less shares outstanding than it did 5 years ago.
IEX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.52 indicates that IEX is not in any danger for bankruptcy at the moment.
IEX has a Altman-Z score of 4.52. This is in the better half of the industry: IEX outperforms 71.54% of its industry peers.
IEX has a debt to FCF ratio of 3.15. This is a good value and a sign of high solvency as IEX would need 3.15 years to pay back of all of its debts.
The Debt to FCF ratio of IEX (3.15) is better than 70.77% of its industry peers.
A Debt/Equity ratio of 0.46 indicates that IEX is not too dependend on debt financing.
IEX has a Debt to Equity ratio of 0.46. This is comparable to the rest of the industry: IEX outperforms 49.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 4.52 |
ROIC/WACC0.95
WACC9.12%
2.3 Liquidity
A Current Ratio of 3.05 indicates that IEX has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.05, IEX is in the better half of the industry, outperforming 77.69% of the companies in the same industry.
IEX has a Quick Ratio of 2.13. This indicates that IEX is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 2.13, IEX is doing good in the industry, outperforming 77.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.13 |
3. Growth
3.1 Past
The earnings per share for IEX have decreased by -1.65% in the last year.
The Earnings Per Share has been growing slightly by 6.36% on average over the past years.
The Revenue has been growing slightly by 4.73% 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)-1.65%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%0.49%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%7.21%
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 9.55% on average per year.
Based on estimates for the next years, IEX will show a small growth in Revenue. The Revenue will grow by 7.21% on average per year.
EPS Next Y1.14%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
EPS Next 5Y9.55%
Revenue Next Year5.02%
Revenue Next 2Y4.51%
Revenue Next 3Y5.13%
Revenue Next 5Y7.21%
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 21.43, the valuation of IEX can be described as rather expensive.
63.85% of the companies in the same industry are more expensive than IEX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.40. IEX is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 19.14, the valuation of IEX can be described as rather expensive.
IEX's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of IEX to the average of the S&P500 Index (22.94), we can say IEX is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 19.14 |
4.2 Price Multiples
IEX's Enterprise Value to EBITDA is on the same level as the industry average.
65.38% 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 | 21.33 | ||
| EV/EBITDA | 15.46 |
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)18.85
PEG (5Y)3.37
EPS Next 2Y5.02%
EPS Next 3Y6.41%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.72%.
IEX's Dividend Yield is a higher than the industry average which is at 1.81.
IEX's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.72% |
5.2 History
The dividend of IEX is nicely growing with an annual growth rate of 6.95%!
IEX has paid a dividend for at least 10 years, which is 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)6.95%
Div Incr Years15
Div Non Decr Years29
5.3 Sustainability
44.84% 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.
DP44.84%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
166.31
+1.28 (+0.78%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners105.67%
Inst Owner Change0.05%
Ins Owners0.18%
Ins Owner Change1.77%
Market Cap12.52B
Analysts76.84
Price Target198.41 (19.3%)
Short Float %2.76%
Short Ratio2.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.72% |
Yearly Dividend2.71
Dividend Growth(5Y)6.95%
DP44.84%
Div Incr Years15
Div Non Decr Years29
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.49%
Min EPS beat(2)2.89%
Max EPS beat(2)6.08%
EPS beat(4)2
Avg EPS beat(4)2.17%
Min EPS beat(4)-0.18%
Max EPS beat(4)6.08%
EPS beat(8)5
Avg EPS beat(8)3.45%
EPS beat(12)9
Avg EPS beat(12)3.25%
EPS beat(16)12
Avg EPS beat(16)3.41%
Revenue beat(2)0
Avg Revenue beat(2)-0.17%
Min Revenue beat(2)-0.22%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-0.39%
Min Revenue beat(4)-1.1%
Max Revenue beat(4)-0.12%
Revenue beat(8)1
Avg Revenue beat(8)-0.79%
Revenue beat(12)4
Avg Revenue beat(12)0.22%
Revenue beat(16)7
Avg Revenue beat(16)0.64%
PT rev (1m)-0.35%
PT rev (3m)-7.28%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)-10.81%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.78%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 19.14 | ||
| P/S | 3.75 | ||
| P/FCF | 21.33 | ||
| P/OCF | 19.4 | ||
| P/B | 3.12 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.46 |
EPS(TTM)7.76
EY4.67%
EPS(NY)8.69
Fwd EY5.23%
FCF(TTM)7.8
FCFY4.69%
OCF(TTM)8.57
OCFY5.15%
SpS44.37
BVpS53.28
TBVpS-8.32
PEG (NY)18.85
PEG (5Y)3.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.83% | ||
| ROE | 11.7% | ||
| ROCE | 10.99% | ||
| ROIC | 8.64% | ||
| ROICexc | 9.49% | ||
| ROICexgc | 48.09% | ||
| OM | 20.87% | ||
| PM (TTM) | 14.05% | ||
| GM | 44.36% | ||
| FCFM | 17.57% |
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)11.91%
ROICexc(5y)12.81%
ROICexgc(3y)60.63%
ROICexgc(5y)61.29%
ROCE(3y)13.7%
ROCE(5y)13.82%
ROICexcg growth 3Y-3.1%
ROICexcg growth 5Y-4.49%
ROICexc growth 3Y-11.38%
ROICexc growth 5Y-9.81%
OM growth 3Y-3.35%
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-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.15 | ||
| Debt/EBITDA | 2.07 | ||
| Cap/Depr | 29.82% | ||
| Cap/Sales | 1.75% | ||
| Interest Coverage | 11.41 | ||
| Cash Conversion | 72.29% | ||
| Profit Quality | 125.05% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 2.13 | ||
| Altman-Z | 4.52 |
F-Score5
WACC9.12%
ROIC/WACC0.95
Cap/Depr(3y)51%
Cap/Depr(5y)57.05%
Cap/Sales(3y)2.29%
Cap/Sales(5y)2.34%
Profit Quality(3y)102.65%
Profit Quality(5y)110.92%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.65%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%0.49%
EPS Next Y1.14%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
EPS Next 5Y9.55%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%7.21%
Revenue Next Year5.02%
Revenue Next 2Y4.51%
Revenue Next 3Y5.13%
Revenue Next 5Y7.21%
EBIT growth 1Y-1.01%
EBIT growth 3Y2.2%
EBIT growth 5Y3.04%
EBIT Next Year28.11%
EBIT Next 3Y13.42%
EBIT Next 5Y13.03%
FCF growth 1Y2.98%
FCF growth 3Y6.97%
FCF growth 5Y4.79%
OCF growth 1Y-1.41%
OCF growth 3Y5.73%
OCF growth 5Y4.82%