IDEX CORP (IEX) Stock Fundamental Analysis
USA - NYSE:IEX - US45167R1041 - Common Stock
167.6 USD
-0.35 (-0.21%)
167.6 USD
0 (0%)
IEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 130 industry peers in the Machinery industry. IEX has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. 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.
IEX had a positive operating cash flow in the past year.
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 70.00% of its industry peers.
IEX has a better Return On Equity (11.70%) than 64.62% of its industry peers.
IEX has a better Return On Invested Capital (8.64%) than 61.54% 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 86.92% 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 91.54% of its industry peers.
IEX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 44.36%, IEX belongs to the top of the industry, outperforming 83.08% of the companies in the same industry.
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.
The number of shares outstanding for IEX has been reduced compared to 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 4.54. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
IEX has a Altman-Z score of 4.54. 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.
With a decent Debt to FCF ratio value of 3.15, IEX is doing good in the industry, outperforming 70.00% of the companies in the same industry.
IEX has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.46, IEX is in line with its industry, outperforming 48.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 3.15 | ||
| Altman-Z | 4.54 |
ROIC/WACC0.94
WACC9.15%
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's Current ratio of 3.05 is fine compared to the rest of the industry. IEX outperforms 77.69% of its industry peers.
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.
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
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 Y1.04%
EPS Next 2Y4.71%
EPS Next 3Y6.12%
EPS Next 5Y9.55%
Revenue Next Year4.93%
Revenue Next 2Y4.35%
Revenue Next 3Y4.87%
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 21.60, which indicates a rather expensive current valuation of IEX.
Based on the Price/Earnings ratio, IEX is valued a bit cheaper than the industry average as 66.15% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.08. IEX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 19.40, IEX is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as IEX.
IEX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.09, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.6 | ||
| Fwd PE | 19.4 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as IEX.
IEX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. IEX is cheaper than 66.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.5 | ||
| EV/EBITDA | 15.6 |
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)20.86
PEG (5Y)3.4
EPS Next 2Y4.71%
EPS Next 3Y6.12%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.69%, IEX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.78, IEX pays a bit more dividend than its industry peers.
Compared to the average S&P500 Dividend Yield of 2.30, IEX is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
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
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 2Y4.71%
EPS Next 3Y6.12%
167.6
-0.35 (-0.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners105.67%
Inst Owner Change0.03%
Ins Owners0.18%
Ins Owner Change1.77%
Market Cap12.62B
Revenue(TTM)3.34B
Net Income(TTM)469.40M
Analysts76.84
Price Target198.41 (18.38%)
Short Float %3%
Short Ratio3.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.69% |
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)0.09%
EPS NQ rev (3m)-10.93%
EPS NY rev (1m)-0.1%
EPS NY rev (3m)-3.88%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)-0.41%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.6 | ||
| Fwd PE | 19.4 | ||
| P/S | 3.78 | ||
| P/FCF | 21.5 | ||
| P/OCF | 19.55 | ||
| P/B | 3.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.6 |
EPS(TTM)7.76
EY4.63%
EPS(NY)8.64
Fwd EY5.16%
FCF(TTM)7.8
FCFY4.65%
OCF(TTM)8.57
OCFY5.11%
SpS44.37
BVpS53.28
TBVpS-8.32
PEG (NY)20.86
PEG (5Y)3.4
Graham Number96.45
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%
ROICexgc growth 3Y-3.1%
ROICexgc 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 | 4.54 |
F-Score5
WACC9.15%
ROIC/WACC0.94
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 Y1.04%
EPS Next 2Y4.71%
EPS Next 3Y6.12%
EPS Next 5Y9.55%
Revenue 1Y (TTM)4.73%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%7.21%
Revenue Next Year4.93%
Revenue Next 2Y4.35%
Revenue Next 3Y4.87%
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%
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 21.6 and the Price/Book (PB) ratio is 3.15.
Can you provide the financial health for IEX stock?
The financial health rating of IDEX CORP (IEX) is 7 / 10.