IDEX CORP (IEX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IEX - US45167R1041 - Common Stock
179.06 USD
+1.12 (+0.63%)
179.06 USD
0 (0%)
Taking everything into account, IEX scores 6 out of 10 in our fundamental rating. IEX was compared to 132 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. While showing a medium growth rate, IEX is valued expensive at the moment. Finally IEX also has an excellent dividend rating. These ratings could make IEX a good candidate for dividend and quality investing.
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.
IEX had positive earnings in each of the past 5 years.
Each year in the past 5 years IEX had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 6.86%, IEX is doing good in the industry, outperforming 70.45% of the companies in the same industry.
IEX's Return On Equity of 11.91% is fine compared to the rest of the industry. IEX outperforms 68.94% of its industry peers.
Looking at the Return On Invested Capital, with a value of 8.70%, IEX is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for IEX is in line with the industry average of 10.21%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.86% | ||
| ROE | 11.91% | ||
| ROIC | 8.7% |
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
Looking at the Profit Margin, with a value of 13.97%, IEX belongs to the top of the industry, outperforming 84.09% of the companies in the same industry.
IEX's Profit Margin has declined in the last couple of years.
IEX's Operating Margin of 20.72% is amongst the best of the industry. IEX outperforms 91.67% of its industry peers.
In the last couple of years the Operating Margin of IEX has declined.
IEX has a Gross Margin of 44.41%. This is amongst the best in the industry. IEX outperforms 84.85% 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 | 20.72% | ||
| PM (TTM) | 13.97% | ||
| GM | 44.41% |
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.
IEX has less shares outstanding than it did 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 4.62. This indicates that IEX is financially healthy and has little risk of bankruptcy at the moment.
IEX has a Altman-Z score of 4.62. This is in the better half of the industry: IEX outperforms 71.97% of its industry peers.
IEX has a debt to FCF ratio of 3.26. This is a good value and a sign of high solvency as IEX would need 3.26 years to pay back of all of its debts.
IEX's Debt to FCF ratio of 3.26 is fine compared to the rest of the industry. IEX outperforms 67.42% of its industry peers.
IEX has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
IEX has a Debt to Equity ratio of 0.47. This is comparable to the rest of the industry: IEX outperforms 46.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Altman-Z | 4.62 |
ROIC/WACC0.93
WACC9.31%
2.3 Liquidity
A Current Ratio of 2.93 indicates that IEX has no problem at all paying its short term obligations.
The Current ratio of IEX (2.93) is better than 76.52% of its industry peers.
A Quick Ratio of 2.06 indicates that IEX has no problem at all paying its short term obligations.
IEX's Quick ratio of 2.06 is fine compared to the rest of the industry. IEX outperforms 76.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.93 | ||
| Quick Ratio | 2.06 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.87% over the past 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.
The Revenue has been growing slightly by 7.09% in the past 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)2.87%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%6.84%
Revenue 1Y (TTM)7.09%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%10.09%
3.2 Future
The Earnings Per Share is expected to grow by 9.52% on average over the next years. This is quite good.
IEX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.03% yearly.
EPS Next Y1.16%
EPS Next 2Y3.3%
EPS Next 3Y4.22%
EPS Next 5Y9.52%
Revenue Next Year5.14%
Revenue Next 2Y4.05%
Revenue Next 3Y4.55%
Revenue Next 5Y7.03%
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.
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 22.69, IEX is valued on the expensive side.
Based on the Price/Earnings ratio, IEX is valued a bit cheaper than 60.61% of the companies in the same industry.
IEX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.60.
With a Price/Forward Earnings ratio of 21.30, IEX is valued on the expensive side.
IEX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.23. IEX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.69 | ||
| Fwd PE | 21.3 |
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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.95 | ||
| EV/EBITDA | 16.11 |
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)19.56
PEG (5Y)3.57
EPS Next 2Y3.3%
EPS Next 3Y4.22%
5. Dividend
5.1 Amount
IEX has a Yearly Dividend Yield of 1.60%.
IEX's Dividend Yield is rather good when compared to the industry average which is at 0.85. IEX pays more dividend than 81.06% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.94, IEX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
5.2 History
The dividend of IEX is nicely growing with an annual growth rate of 6.95%!
IEX has been paying a dividend for at least 10 years, so it has 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)6.95%
Div Incr Years15
Div Non Decr Years29
5.3 Sustainability
IEX pays out 44.24% of its income as dividend. 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.
DP44.24%
EPS Next 2Y3.3%
EPS Next 3Y4.22%
179.06
+1.12 (+0.63%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners106.01%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change0.41%
Market Cap13.40B
Revenue(TTM)3.42B
Net Income(TTM)477.90M
Analysts76.84
Price Target197.9 (10.52%)
Short Float %3.46%
Short Ratio4.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
Yearly Dividend2.71
Dividend Growth(5Y)6.95%
DP44.24%
Div Incr Years15
Div Non Decr Years29
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.51%
Min EPS beat(2)2.89%
Max EPS beat(2)4.13%
EPS beat(4)3
Avg EPS beat(4)3.25%
Min EPS beat(4)-0.11%
Max EPS beat(4)6.08%
EPS beat(8)5
Avg EPS beat(8)2.57%
EPS beat(12)9
Avg EPS beat(12)3.1%
EPS beat(16)12
Avg EPS beat(16)3.58%
Revenue beat(2)1
Avg Revenue beat(2)0.34%
Min Revenue beat(2)-0.22%
Max Revenue beat(2)0.9%
Revenue beat(4)1
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-1.1%
Max Revenue beat(4)0.9%
Revenue beat(8)2
Avg Revenue beat(8)-0.54%
Revenue beat(12)4
Avg Revenue beat(12)-0.08%
Revenue beat(16)7
Avg Revenue beat(16)0.63%
PT rev (1m)0.22%
PT rev (3m)-0.26%
EPS NQ rev (1m)-0.04%
EPS NQ rev (3m)-3.95%
EPS NY rev (1m)0%
EPS NY rev (3m)0.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.26%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.69 | ||
| Fwd PE | 21.3 | ||
| P/S | 3.92 | ||
| P/FCF | 22.95 | ||
| P/OCF | 20.85 | ||
| P/B | 3.34 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.11 |
EPS(TTM)7.89
EY4.41%
EPS(NY)8.41
Fwd EY4.7%
FCF(TTM)7.8
FCFY4.36%
OCF(TTM)8.59
OCFY4.8%
SpS45.71
BVpS53.59
TBVpS-9.07
PEG (NY)19.56
PEG (5Y)3.57
Graham Number97.54
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.86% | ||
| ROE | 11.91% | ||
| ROCE | 11.07% | ||
| ROIC | 8.7% | ||
| ROICexc | 9.59% | ||
| ROICexgc | 49.69% | ||
| OM | 20.72% | ||
| PM (TTM) | 13.97% | ||
| GM | 44.41% | ||
| FCFM | 17.07% |
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-Score7
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 3.26 | ||
| Debt/EBITDA | 2.08 | ||
| Cap/Depr | 28.86% | ||
| Cap/Sales | 1.72% | ||
| Interest Coverage | 9.7 | ||
| Cash Conversion | 70.42% | ||
| Profit Quality | 122.2% | ||
| Current Ratio | 2.93 | ||
| Quick Ratio | 2.06 | ||
| Altman-Z | 4.62 |
F-Score7
WACC9.31%
ROIC/WACC0.93
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)2.87%
EPS 3Y7.74%
EPS 5Y6.36%
EPS Q2Q%6.84%
EPS Next Y1.16%
EPS Next 2Y3.3%
EPS Next 3Y4.22%
EPS Next 5Y9.52%
Revenue 1Y (TTM)7.09%
Revenue growth 3Y5.74%
Revenue growth 5Y5.55%
Sales Q2Q%10.09%
Revenue Next Year5.14%
Revenue Next 2Y4.05%
Revenue Next 3Y4.55%
Revenue Next 5Y7.03%
EBIT growth 1Y1.74%
EBIT growth 3Y2.2%
EBIT growth 5Y3.04%
EBIT Next Year28.3%
EBIT Next 3Y12.77%
EBIT Next 5Y12.81%
FCF growth 1Y-1.8%
FCF growth 3Y6.97%
FCF growth 5Y4.79%
OCF growth 1Y-5.87%
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.
Can you provide the valuation status for IDEX CORP?
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.
What is the valuation of IDEX CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for IDEX CORP (IEX) is 22.69 and the Price/Book (PB) ratio is 3.34.
How sustainable is the dividend of IDEX CORP (IEX) stock?
The dividend rating of IDEX CORP (IEX) is 7 / 10 and the dividend payout ratio is 44.24%.