IDEX CORP (IEX)
US45167R1041 - Common Stock
We assign a fundamental rating of 6 out of 10 to IEX. IEX was compared to 132 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.
1. Profitability
1.1 Basic Checks
IEX had positive earnings in the past year.
IEX had a positive operating cash flow in the past year.
In the past 5 years IEX has always been profitable.
In the past 5 years IEX always reported a positive cash flow from operatings.
1.2 Ratios
IEX has a Return On Assets of 9.81%. This is in the better half of the industry: IEX outperforms 77.52% of its industry peers.
IEX has a better Return On Equity (15.96%) than 72.09% of its industry peers.
The Return On Invested Capital of IEX (10.41%) is better than 68.99% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IEX is in line with the industry average of 10.72%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 15.96% | ||
| ROIC | 10.41% |
ROA(3y)9.98%
ROA(5y)9.93%
ROE(3y)17.39%
ROE(5y)17.17%
ROIC(3y)11.6%
ROIC(5y)11.75%
1.3 Margins
With an excellent Profit Margin value of 17.89%, IEX belongs to the best of the industry, outperforming 92.25% of the companies in the same industry.
In the last couple of years the Profit Margin of IEX has grown nicely.
IEX has a Operating Margin of 22.34%. This is amongst the best in the industry. IEX outperforms 93.80% of its industry peers.
In the last couple of years the Operating Margin of IEX has remained more or less at the same level.
IEX's Gross Margin of 44.03% is amongst the best of the industry. IEX outperforms 89.15% 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 | 22.34% | ||
| PM (TTM) | 17.89% | ||
| GM | 44.03% |
OM growth 3Y0.42%
OM growth 5Y-0.41%
PM growth 3Y4.26%
PM growth 5Y1.95%
GM growth 3Y0.38%
GM growth 5Y-0.36%
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.
Compared to 1 year ago, IEX has about the same amount of shares outstanding.
IEX has less shares outstanding than it did 5 years ago.
IEX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 6.57 indicates that IEX is not in any danger for bankruptcy at the moment.
IEX has a better Altman-Z score (6.57) than 83.72% of its industry peers.
IEX has a debt to FCF ratio of 2.06. This is a good value and a sign of high solvency as IEX would need 2.06 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 2.06, IEX is doing good in the industry, outperforming 79.84% of the companies in the same industry.
IEX has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
IEX has a Debt to Equity ratio (0.37) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 2.06 | ||
| Altman-Z | 6.57 |
ROIC/WACC1.15
WACC9.06%
2.3 Liquidity
A Current Ratio of 3.37 indicates that IEX has no problem at all paying its short term obligations.
IEX has a better Current ratio (3.37) than 81.40% of its industry peers.
A Quick Ratio of 2.45 indicates that IEX has no problem at all paying its short term obligations.
IEX has a better Quick ratio (2.45) than 82.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.37 | ||
| Quick Ratio | 2.45 |
3. Growth
3.1 Past
The earnings per share for IEX have decreased by -3.03% in the last year.
The Earnings Per Share has been growing by 8.73% on average over the past years. This is quite good.
The Revenue has decreased by -1.44% in the past year.
The Revenue has been growing slightly by 5.68% on average over the past years.
EPS 1Y (TTM)-3.03%
EPS 3Y16.49%
EPS 5Y8.73%
EPS growth Q2Q-10.05%
Revenue 1Y (TTM)-1.44%
Revenue growth 3Y11.66%
Revenue growth 5Y5.68%
Revenue growth Q2Q-5.31%
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 10.14% on average per year.
Based on estimates for the next years, IEX will show a small growth in Revenue. The Revenue will grow by 7.73% on average per year.
EPS Next Y2.34%
EPS Next 2Y5.51%
EPS Next 3Y6.85%
EPS Next 5Y10.14%
Revenue Next Year2.83%
Revenue Next 2Y4.03%
Revenue Next 3Y5.43%
Revenue Next 5Y7.73%
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 stable.
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
A Price/Earnings ratio of 27.54 indicates a quite expensive valuation of IEX.
IEX's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of IEX to the average of the S&P500 Index (28.06), we can say IEX is valued inline with the index average.
A Price/Forward Earnings ratio of 24.11 indicates a rather expensive valuation of IEX.
IEX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.72. IEX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.54 | ||
| Fwd PE | 24.11 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IEX is valued a bit more expensive than the industry average as 65.12% of the companies are valued more cheaply.
IEX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.01 | ||
| EV/EBITDA | 19.89 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of IEX may justify a higher PE ratio.
PEG (NY)11.76
PEG (5Y)3.16
EPS Next 2Y5.51%
EPS Next 3Y6.85%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.16%.
Compared to an average industry Dividend Yield of 1.73, IEX pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.16, IEX pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
5.2 History
On average, the dividend of IEX grows each year by 8.58%, 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)8.58%
Div Incr Years14
Div Non Decr Years15
5.3 Sustainability
33.53% of the earnings are spent on dividend by IEX. This is a low number and sustainable payout ratio.
IEX's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP33.53%
EPS Next 2Y5.51%
EPS Next 3Y6.85%
IDEX CORP
NYSE:IEX (5/2/2024, 4:05:00 PM)
After market: 220.63 0 (0%)220.63
-0.75 (-0.34%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap16.70B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.16% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.54 | ||
| Fwd PE | 24.11 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)11.76
PEG (5Y)3.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.81% | ||
| ROE | 15.96% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.34% | ||
| PM (TTM) | 17.89% | ||
| GM | 44.03% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.37 | ||
| Quick Ratio | 2.45 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-3.03%
EPS 3Y16.49%
EPS 5Y
EPS growth Q2Q
EPS Next Y2.34%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.44%
Revenue growth 3Y11.66%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y