IEX

IDEXNYSE:IEX Stock Report

Market Cap

US$16.4b

7D

-0.6%

1Y

16.0%

Updated

19 Sep, 2021

Data

Company Financials +
IEX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends4/6

IEX Overview

IDEX Corporation, together with its subsidiaries, operates as an applied solutions company worldwide.

IDEX Competitors

Dover

NYSE:DOV

US$23.4b

Nordson

NasdaqGS:NDSN

US$14.1b

Graco

NYSE:GGG

US$12.8b

Lincoln Electric Holdings

NasdaqGS:LECO

US$7.9b

Price History & Performance

Summary of all time highs, changes and price drops for IDEX
Historical stock prices
Current Share PriceUS$215.75
52 Week HighUS$166.51
52 Week LowUS$235.76
Beta1.07
1 Month Change-2.50%
3 Month Change-0.63%
1 Year Change15.97%
3 Year Change38.16%
5 Year Change134.05%
Change since IPO6,324.91%

Recent News & Updates

Aug 19

IDEX: Improving Macro And Capital Deployment, But Not Much Share Price Momentum

IDEX came up a little short in the second quarter, due in large part to weaker oil/gas market demand and some restructuring efforts in the FMT business. Management is seeing a broad industrial recovery, as well as strong demand in areas like agriculture, food, pharma, and semiconductors, and water and chemicals should improve from here. IDEX has been a little more active lately with M&A and could still deploy $1B-$2B towards more deals. Including M&A, I expect better than 6% long-term revenue growth and 8% FCF growth from IDEX. The shares aren't cheap, but you could make a relative quality argument over other pricey industrial stocks.

Aug 17
Returns At IDEX (NYSE:IEX) Appear To Be Weighed Down

Returns At IDEX (NYSE:IEX) Appear To Be Weighed Down

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...

Jul 22
IDEX (NYSE:IEX) Has A Pretty Healthy Balance Sheet

IDEX (NYSE:IEX) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

IEXUS MachineryUS Market
7D-0.6%-1.7%-0.6%
1Y16.0%31.4%33.8%

Return vs Industry: IEX underperformed the US Machinery industry which returned 31.4% over the past year.

Return vs Market: IEX underperformed the US Market which returned 33.8% over the past year.

Price Volatility

Is IEX's price volatile compared to industry and market?
IEX volatility
IEX Beta1.07
Industry Beta1.25
Market Beta1

Stable Share Price: IEX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: IEX's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19877,075Eric Ashlemanhttps://www.idexcorp.com

IDEX Corporation, together with its subsidiaries, operates as an applied solutions company worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

Valuation

Is IDEX undervalued compared to its fair value and its price relative to the market?

39.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IEX ($215.75) is trading above our estimate of fair value ($188.44)

Significantly Below Fair Value: IEX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IEX is poor value based on its PE Ratio (39.1x) compared to the US Machinery industry average (29.4x).

PE vs Market: IEX is poor value based on its PE Ratio (39.1x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: IEX is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: IEX is overvalued based on its PB Ratio (6.1x) compared to the US Machinery industry average (2.8x).


Future Growth

How is IDEX forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IEX's forecast earnings growth (10.4% per year) is above the savings rate (2%).

Earnings vs Market: IEX's earnings (10.4% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: IEX's earnings are forecast to grow, but not significantly.

Revenue vs Market: IEX's revenue (6.5% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: IEX's revenue (6.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IEX's Return on Equity is forecast to be high in 3 years time (20.3%)


Past Performance

How has IDEX performed over the past 5 years?

7.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IEX has high quality earnings.

Growing Profit Margin: IEX's current net profit margins (16.6%) are higher than last year (15.7%).


Past Earnings Growth Analysis

Earnings Trend: IEX's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: IEX's earnings growth over the past year (12%) exceeds its 5-year average (7.9% per year).

Earnings vs Industry: IEX earnings growth over the past year (12%) underperformed the Machinery industry 22.1%.


Return on Equity

High ROE: IEX's Return on Equity (15.7%) is considered low.


Financial Health

How is IDEX's financial position?


Financial Position Analysis

Short Term Liabilities: IEX's short term assets ($1.5B) exceed its short term liabilities ($450.4M).

Long Term Liabilities: IEX's short term assets ($1.5B) do not cover its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: IEX's debt to equity ratio (44.5%) is considered high.

Reducing Debt: IEX's debt to equity ratio has reduced from 70.5% to 44.5% over the past 5 years.

Debt Coverage: IEX's debt is well covered by operating cash flow (47.1%).

Interest Coverage: IEX's interest payments on its debt are well covered by EBIT (13.6x coverage).


Balance Sheet


Dividend

What is IDEX current dividend yield, its reliability and sustainability?

1.00%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 20 2021Ex Dividend DateOct 14 2021Dividend Pay DateOct 29 202115 days from Ex DividendBuy in the next 24 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: IEX's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: IEX's dividend (1%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: IEX's dividends per share have been stable in the past 10 years.

Growing Dividend: IEX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.6%), IEX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IEX's dividends in 3 years are forecast to be well covered by earnings (26.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Eric Ashleman (54 yo)

0.75

Tenure

US$3,407,839

Compensation

Mr. Eric D. Ashleman has been Chief Executive Officer and Director of IDEX Corporation since December 15, 2020 and has been its President since February 21, 2020. He was Chief Operating Officer of IDEX Cor...


CEO Compensation Analysis

Compensation vs Market: Eric's total compensation ($USD3.41M) is below average for companies of similar size in the US market ($USD11.33M).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IEX's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: IEX's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

IDEX Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: IDEX Corporation
  • Ticker: IEX
  • Exchange: NYSE
  • Founded: 1987
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$16.397b
  • Shares outstanding: 76.00m
  • Website: https://www.idexcorp.com

Number of Employees


Location

  • IDEX Corporation
  • 3100 Sanders Road
  • Suite 301
  • Northbrook
  • Illinois
  • 60062-4824
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:02
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.