IDEX CORP (IEX) Stock Fundamental Analysis
NYSE:IEX - US45167R1041 - Common Stock
164.86 USD
+3.54 (+2.19%)
164.86 USD
0 (0%)
Overall IEX gets a fundamental rating of 6 out of 10. We evaluated IEX against 128 industry peers in the Machinery industry. IEX scores excellent points on both the profitability and health parts. This is a solid base for a good stock. IEX has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years IEX has been profitable.
In the past 5 years IEX always reported a positive cash flow from operatings.
1.2 Ratios
IEX's Return On Assets of 6.83% is fine compared to the rest of the industry. IEX outperforms 67.19% of its industry peers.
With a decent Return On Equity value of 11.70%, IEX is doing good in the industry, outperforming 64.06% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 8.64%, IEX is in the better half of the industry, outperforming 60.16% 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 9.99%.
| 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 85.94% of its industry peers.
In the last couple of years the Profit Margin of IEX has declined.
IEX has a better Operating Margin (20.87%) than 92.97% of its industry peers.
In the last couple of years the Operating Margin of IEX has declined.
IEX has a Gross Margin of 44.36%. This is amongst the best in the industry. IEX outperforms 82.81% 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 | 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
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 more shares outstanding than it did 1 year ago.
Compared to 5 years ago, IEX has less shares outstanding
IEX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.44 indicates that IEX is not in any danger for bankruptcy at the moment.
IEX has a Altman-Z score of 4.44. This is in the better half of the industry: IEX outperforms 73.44% 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's Debt to FCF ratio of 3.15 is fine compared to the rest of the industry. IEX outperforms 67.97% 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.
The Debt to Equity ratio of IEX (0.46) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 4.44 |
ROIC/WACC0.87
WACC9.94%
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.
IEX has a better Current ratio (3.05) than 78.13% of its industry peers.
A Quick Ratio of 2.13 indicates that IEX has no problem at all paying its short term obligations.
IEX's Quick ratio of 2.13 is fine compared to the rest of the industry. IEX outperforms 77.34% of its industry peers.
| 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.
The Revenue has been growing slightly by 5.55% on average over the past years.
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
IEX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.55% yearly.
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
The Price/Earnings ratio is 21.24, which indicates a rather expensive current valuation of IEX.
IEX's Price/Earnings ratio is a bit cheaper when compared to the industry. IEX is cheaper than 65.63% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.03, IEX is valued a bit cheaper.
With a Price/Forward Earnings ratio of 18.97, IEX is valued on the expensive side.
60.16% of the companies in the same industry are more expensive than IEX, based on the Price/Forward Earnings ratio.
IEX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.24 | ||
| Fwd PE | 18.97 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as IEX.
Based on the Price/Free Cash Flow ratio, IEX is valued a bit cheaper than the industry average as 64.84% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.15 | ||
| EV/EBITDA | 15.04 |
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)18.68
PEG (5Y)3.34
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 1.78.
IEX's Dividend Yield is slightly below the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.72% |
5.2 History
On average, the dividend of IEX grows each year by 6.95%, which is quite nice.
IEX has paid a dividend for at least 10 years, which is 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
IEX pays out 44.84% 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.
DP44.84%
EPS Next 2Y5.02%
EPS Next 3Y6.41%
164.86
+3.54 (+2.19%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners102.5%
Inst Owner Change-0.23%
Ins Owners0.18%
Ins Owner Change1.77%
Market Cap12.41B
Analysts76.84
Price Target199.11 (20.78%)
Short Float %2.57%
Short Ratio2.43
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)-6.95%
PT rev (3m)-7.23%
EPS NQ rev (1m)-7.6%
EPS NQ rev (3m)-11.58%
EPS NY rev (1m)-3.78%
EPS NY rev (3m)-3.89%
Revenue NQ rev (1m)-0.76%
Revenue NQ rev (3m)-0.44%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.24 | ||
| Fwd PE | 18.97 | ||
| P/S | 3.72 | ||
| P/FCF | 21.15 | ||
| P/OCF | 19.23 | ||
| P/B | 3.09 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.04 |
EPS(TTM)7.76
EY4.71%
EPS(NY)8.69
Fwd EY5.27%
FCF(TTM)7.8
FCFY4.73%
OCF(TTM)8.57
OCFY5.2%
SpS44.37
BVpS53.28
TBVpS-8.32
PEG (NY)18.68
PEG (5Y)3.34
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 | 4.44 |
F-Score5
WACC9.94%
ROIC/WACC0.87
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%