IDEX CORP (IEX) Stock Fundamental Analysis
NYSE:IEX - New York Stock Exchange, Inc. - US45167R1041 - Common Stock - Currency: USD
Overall IEX gets a fundamental rating of 6 out of 10. We evaluated IEX against 128 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 quite expensive at the moment. It does show a decent growth rate. This makes IEX very considerable 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.
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
IEX has a better Return On Assets (7.49%) than 70.40% of its industry peers.
With a decent Return On Equity value of 13.31%, IEX is doing good in the industry, outperforming 64.80% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.95%, IEX is in the better half of the industry, outperforming 64.80% of the companies in the same industry.
IEX had an Average Return On Invested Capital over the past 3 years of 10.73%. This is in line with the industry average of 11.00%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.49% | ||
| ROE | 13.31% | ||
| ROIC | 8.95% |
ROA(3y)9.43%
ROA(5y)9.2%
ROE(3y)16.48%
ROE(5y)16.07%
ROIC(3y)10.73%
ROIC(5y)10.84%
1.3 Margins
IEX's Profit Margin of 15.45% is amongst the best of the industry. IEX outperforms 90.40% of its industry peers.
IEX's Profit Margin has declined in the last couple of years.
The Operating Margin of IEX (21.29%) is better than 90.40% of its industry peers.
IEX's Operating Margin has declined in the last couple of years.
IEX has a Gross Margin of 44.21%. This is amongst the best in the industry. IEX outperforms 82.40% of its industry peers.
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 | 21.29% | ||
| PM (TTM) | 15.45% | ||
| GM | 44.21% |
OM growth 3Y-3.83%
OM growth 5Y-2.68%
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), IEX is creating some value.
IEX has about the same amout of shares outstanding than it did 1 year ago.
IEX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, IEX has a worse debt to assets ratio.
2.2 Solvency
IEX has an Altman-Z score of 4.89. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
IEX has a better Altman-Z score (4.89) than 75.20% of its industry peers.
The Debt to FCF ratio of IEX is 3.25, which is a good value as it means it would take IEX, 3.25 years of fcf income to pay off all of its debts.
IEX has a better Debt to FCF ratio (3.25) than 64.80% of its industry peers.
A Debt/Equity ratio of 0.49 indicates that IEX is not too dependend on debt financing.
The Debt to Equity ratio of IEX (0.49) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 3.25 | ||
| Altman-Z | 4.89 |
ROIC/WACC0.85
WACC10.49%
2.3 Liquidity
A Current Ratio of 2.53 indicates that IEX has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.53, IEX is in the better half of the industry, outperforming 66.40% of the companies in the same industry.
A Quick Ratio of 1.85 indicates that IEX should not have too much problems paying its short term obligations.
IEX's Quick ratio of 1.85 is fine compared to the rest of the industry. IEX outperforms 72.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.53 | ||
| Quick Ratio | 1.85 |
3. Growth
3.1 Past
The earnings per share for IEX have decreased by -4.14% in the last 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.
Looking at the last year, IEX shows a decrease in Revenue. The Revenue has decreased by -0.16% in the last year.
IEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
EPS 1Y (TTM)-4.14%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%11.48%
Revenue 1Y (TTM)-0.16%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%9.38%
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 11.87% on average per year.
Based on estimates for the next years, IEX will show a quite strong growth in Revenue. The Revenue will grow by 8.79% on average per year.
EPS Next Y6.43%
EPS Next 2Y6.91%
EPS Next 3Y8.54%
EPS Next 5Y11.87%
Revenue Next Year7.26%
Revenue Next 2Y6.86%
Revenue Next 3Y8.84%
Revenue Next 5Y8.79%
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 24.49, which indicates a rather expensive current valuation of IEX.
IEX's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 29.63. IEX is around the same levels.
IEX is valuated rather expensively with a Price/Forward Earnings ratio of 23.01.
The rest of the industry has a similar Price/Forward Earnings ratio as IEX.
The average S&P500 Price/Forward Earnings ratio is at 22.68. IEX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.49 | ||
| Fwd PE | 23.01 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IEX is on the same level as its industry peers.
61.60% 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 | 24.23 | ||
| EV/EBITDA | 18.57 |
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)3.81
PEG (5Y)3.85
EPS Next 2Y6.91%
EPS Next 3Y8.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.43%, IEX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.67, IEX pays a bit more dividend than its industry peers.
IEX's Dividend Yield is slightly below the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
5.2 History
On average, the dividend of IEX grows each year by 6.97%, which is quite nice.
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)6.97%
Div Incr Years15
Div Non Decr Years29
5.3 Sustainability
40.65% of the earnings are spent on dividend by IEX. 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.
DP40.65%
EPS Next 2Y6.91%
EPS Next 3Y8.54%
192.98
-3.09 (-1.58%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners98.89%
Inst Owner Change1.46%
Ins Owners0.17%
Ins Owner Change0.73%
Market Cap14.61B
Analysts76.84
Price Target241.42 (25.1%)
Short Float %1.69%
Short Ratio2.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
Yearly Dividend2.71
Dividend Growth(5Y)6.97%
DP40.65%
Div Incr Years15
Div Non Decr Years29
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.14%
Min EPS beat(2)-0.18%
Max EPS beat(2)-0.11%
EPS beat(4)1
Avg EPS beat(4)1.37%
Min EPS beat(4)-0.18%
Max EPS beat(4)5.89%
EPS beat(8)5
Avg EPS beat(8)2.92%
EPS beat(12)9
Avg EPS beat(12)3.92%
EPS beat(16)11
Avg EPS beat(16)3.12%
Revenue beat(2)0
Avg Revenue beat(2)-0.61%
Min Revenue beat(2)-1.1%
Max Revenue beat(2)-0.12%
Revenue beat(4)0
Avg Revenue beat(4)-1.61%
Min Revenue beat(4)-3.45%
Max Revenue beat(4)-0.12%
Revenue beat(8)2
Avg Revenue beat(8)-0.67%
Revenue beat(12)6
Avg Revenue beat(12)0.8%
Revenue beat(16)8
Avg Revenue beat(16)0.67%
PT rev (1m)-0.32%
PT rev (3m)3.81%
EPS NQ rev (1m)-16.08%
EPS NQ rev (3m)-18.53%
EPS NY rev (1m)-3.12%
EPS NY rev (3m)-2.56%
Revenue NQ rev (1m)-6.37%
Revenue NQ rev (3m)-3.74%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.49 | ||
| Fwd PE | 23.01 | ||
| P/S | 4.47 | ||
| P/FCF | 24.23 | ||
| P/OCF | 21.87 | ||
| P/B | 3.85 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.57 |
EPS(TTM)7.88
EY4.08%
EPS(NY)8.39
Fwd EY4.35%
FCF(TTM)7.96
FCFY4.13%
OCF(TTM)8.82
OCFY4.57%
SpS43.17
BVpS50.11
TBVpS-9.8
PEG (NY)3.81
PEG (5Y)3.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.49% | ||
| ROE | 13.31% | ||
| ROCE | 11.38% | ||
| ROIC | 8.95% | ||
| ROICexc | 9.96% | ||
| ROICexgc | 57.09% | ||
| OM | 21.29% | ||
| PM (TTM) | 15.45% | ||
| GM | 44.21% | ||
| FCFM | 18.45% |
ROA(3y)9.43%
ROA(5y)9.2%
ROE(3y)16.48%
ROE(5y)16.07%
ROIC(3y)10.73%
ROIC(5y)10.84%
ROICexc(3y)11.86%
ROICexc(5y)12.78%
ROICexgc(3y)60.34%
ROICexgc(5y)61.12%
ROCE(3y)13.65%
ROCE(5y)13.78%
ROICexcg growth 3Y-3.58%
ROICexcg growth 5Y-4.78%
ROICexc growth 3Y-11.83%
ROICexc growth 5Y-10.08%
OM growth 3Y-3.83%
OM growth 5Y-2.68%
PM growth 3Y-1.68%
PM growth 5Y-1.96%
GM growth 3Y-0.06%
GM growth 5Y-0.4%
F-Score4
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | 3.25 | ||
| Debt/EBITDA | 2.13 | ||
| Cap/Depr | 37.07% | ||
| Cap/Sales | 1.99% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 76.67% | ||
| Profit Quality | 119.41% | ||
| Current Ratio | 2.53 | ||
| Quick Ratio | 1.85 | ||
| Altman-Z | 4.89 |
F-Score4
WACC10.49%
ROIC/WACC0.85
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)-4.14%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%11.48%
EPS Next Y6.43%
EPS Next 2Y6.91%
EPS Next 3Y8.54%
EPS Next 5Y11.87%
Revenue 1Y (TTM)-0.16%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%9.38%
Revenue Next Year7.26%
Revenue Next 2Y6.86%
Revenue Next 3Y8.84%
Revenue Next 5Y8.79%
EBIT growth 1Y-7.31%
EBIT growth 3Y1.69%
EBIT growth 5Y2.73%
EBIT Next Year35.32%
EBIT Next 3Y20.03%
EBIT Next 5Y17.32%
FCF growth 1Y-3.8%
FCF growth 3Y6.97%
FCF growth 5Y4.79%
OCF growth 1Y-6.78%
OCF growth 3Y5.73%
OCF growth 5Y4.82%