IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
161.35 USD
+2.07 (+1.3%)
161.35 USD
0 (0%)
IEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 129 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. With these ratings, IEX could be worth investigating further for dividend 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.
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 6.83%, IEX is in the better half of the industry, outperforming 68.22% of the companies in the same industry.
IEX has a better Return On Equity (11.70%) than 64.34% of its industry peers.
IEX's Return On Invested Capital of 8.64% is fine compared to the rest of the industry. IEX outperforms 60.47% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IEX is in line with the industry average of 10.00%.
| 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's Profit Margin of 14.05% is amongst the best of the industry. IEX outperforms 86.05% of its industry peers.
In the last couple of years the Profit Margin of IEX has declined.
The Operating Margin of IEX (20.87%) is better than 93.02% of its industry peers.
In the last couple of years the Operating Margin of IEX has declined.
IEX has a better Gross Margin (44.36%) than 83.72% 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.
Compared to 1 year ago, IEX has more shares outstanding
Compared to 5 years ago, IEX has less shares outstanding
The debt/assets ratio for IEX is higher compared to a year ago.
2.2 Solvency
IEX has an Altman-Z score of 4.41. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
IEX's Altman-Z score of 4.41 is fine compared to the rest of the industry. IEX outperforms 72.87% 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.
IEX has a better Debt to FCF ratio (3.15) than 68.99% of its industry peers.
IEX has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
IEX has a Debt to Equity ratio (0.46) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 4.41 |
ROIC/WACC0.9
WACC9.55%
2.3 Liquidity
IEX has a Current Ratio of 3.05. This indicates that IEX is financially healthy and has no problem in meeting 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 78.29% of the companies in the same industry.
A Quick Ratio of 2.13 indicates that IEX has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.13, IEX is doing good in the industry, outperforming 77.52% 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.
IEX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.73%.
IEX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.55% yearly.
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
The Earnings Per Share is expected to grow by 9.55% on average over the next years. This is quite good.
The Revenue is expected to grow by 7.21% on average over the next years.
EPS Next Y1.14%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
EPS Next 5Y9.55%
Revenue Next Year4.96%
Revenue Next 2Y4.48%
Revenue Next 3Y5.1%
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.
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
With a Price/Earnings ratio of 20.79, IEX is valued on the expensive side.
Based on the Price/Earnings ratio, IEX is valued a bit cheaper than 65.89% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.32, IEX is valued a bit cheaper.
IEX is valuated rather expensively with a Price/Forward Earnings ratio of 18.57.
Based on the Price/Forward Earnings ratio, IEX is valued a bit cheaper than the industry average as 61.24% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.89, IEX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.79 | ||
| Fwd PE | 18.57 |
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.
IEX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. IEX is cheaper than 65.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.7 | ||
| EV/EBITDA | 14.87 |
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)18.29
PEG (5Y)3.27
EPS Next 2Y5.02%
EPS Next 3Y6.41%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.78%. 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 1.74. IEX pays more dividend than 80.62% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.38, IEX is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.78% |
5.2 History
On average, the dividend of IEX grows each year by 6.95%, 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)6.95%
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.
IEX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP44.84%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
161.35
+2.07 (+1.3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners105.67%
Inst Owner Change-0.23%
Ins Owners0.18%
Ins Owner Change1.77%
Market Cap12.15B
Analysts76.84
Price Target199.11 (23.4%)
Short Float %2.7%
Short Ratio2.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.78% |
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)-1.35%
PT rev (3m)-6.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.83%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.55%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.79 | ||
| Fwd PE | 18.57 | ||
| P/S | 3.64 | ||
| P/FCF | 20.7 | ||
| P/OCF | 18.83 | ||
| P/B | 3.03 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.87 |
EPS(TTM)7.76
EY4.81%
EPS(NY)8.69
Fwd EY5.39%
FCF(TTM)7.8
FCFY4.83%
OCF(TTM)8.57
OCFY5.31%
SpS44.37
BVpS53.28
TBVpS-8.32
PEG (NY)18.29
PEG (5Y)3.27
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 | 4.41 |
F-Score5
WACC9.55%
ROIC/WACC0.9
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 Year4.96%
Revenue Next 2Y4.48%
Revenue Next 3Y5.1%
Revenue Next 5Y7.21%
EBIT growth 1Y-1.01%
EBIT growth 3Y2.2%
EBIT growth 5Y3.04%
EBIT Next Year28.87%
EBIT Next 3Y13.49%
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%