NYSE:IEX

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Excellent balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has IDEX's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.1%

NYSE:IEX

3.4%

US Machinery

2.9%

US Market


1 Year Return

8.5%

NYSE:IEX

-6.6%

US Machinery

0.2%

US Market

IEX outperformed the Machinery industry which returned -8% over the past year.

IEX outperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

IEXIndustryMarket
7 Day3.1%3.4%2.9%
30 Day0.7%-7.4%-2.3%
90 Day10.0%-0.1%3.1%
1 Year9.9%8.5%-4.7%-6.6%2.4%0.2%
3 Year84.6%77.5%37.3%28.3%41.7%32.4%
5 Year130.5%114.6%37.8%20.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is IDEX's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is IDEX undervalued based on future cash flows and its price relative to the stock market?

29.41x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

IDEX's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

IDEX's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

IDEX is overvalued based on earnings compared to the US Machinery industry average.

IDEX is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

IDEX is poor value based on expected growth next year.


Price Based on Value of Assets

IDEX is overvalued based on assets compared to the US Machinery industry average.


Next Steps

Future Growth

How is IDEX expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

5.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

IDEX's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).

IDEX's earnings are expected to grow by 5.3% yearly, however this is not considered high growth (20% yearly).

IDEX's revenue growth is positive but not above the United States of America market average.

IDEX's earnings growth is positive but not above the United States of America market average.

IDEX's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if IDEX will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has IDEX performed over the past 5 years?

10.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

IDEX's year on year earnings growth rate has been positive over the past 5 years.

IDEX's 1-year earnings growth exceeds its 5-year average (11.6% vs 10%)

IDEX's earnings growth has not exceeded the US Machinery industry average in the past year (11.6% vs 17.5%).


Return on Equity

IDEX has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

IDEX used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.


Return on Capital Employed

IDEX has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is IDEX's financial position?


Financial Position Analysis

IDEX is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

IDEX's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

IDEX's level of debt (40.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (50.3% vs 40.2% today).

Debt is well covered by operating cash flow (59.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 13.6x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

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

1.20%

Expected Dividend Yield


Dividend Yield and Payments Analysis

IDEX's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

IDEX's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

What is the CEO of IDEX's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Andy Silvernail (48yo)

8.0yrs

Tenure

US$10,125,650

Compensation

Mr. Andrew K. Silvernail, also known as Andy, has been the Chairman of IDEX Corporation since January 1, 2012 and has been its Chief Executive Officer and President since August 10, 2011. Mr. Silvernail se ...


CEO Compensation Analysis

Andy's remuneration is about average for companies of similar size in United States of America.

Andy's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

4.0yrs

Average Tenure

52yo

Average Age

The tenure for the IDEX management team is about average.


Board Age and Tenure

5.4yrs

Average Tenure

58.5yo

Average Age

The tenure for the IDEX board of directors is about average.


Insider Trading

IDEX individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$1,317,08709 Aug 19
Daniel Salliotte
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Corporate Development
Shares8,119
Max PriceUS$162.22
SellUS$953,45905 Aug 19
Eric Ashleman
EntityIndividual
Role
Chief Operating Officer
COO & Senior VP
Shares5,608
Max PriceUS$170.02
SellUS$462,65401 Mar 19
Michael Yates
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares3,197
Max PriceUS$144.72
SellUS$164,32926 Feb 19
Jeffrey Bucklew
EntityIndividual
Role
Head of Human Resources
Senior VP & Chief Human Resources Officer
Shares1,127
Max PriceUS$145.81
SellUS$653,86126 Feb 19
Eric Ashleman
EntityIndividual
Role
Chief Operating Officer
COO & Senior VP
Shares4,545
Max PriceUS$143.86
SellUS$322,49919 Feb 19
Jeffrey Bucklew
EntityIndividual
Role
Head of Human Resources
Senior VP & Chief Human Resources Officer
Shares2,255
Max PriceUS$143.02

Ownership Breakdown


Management Team

  • Daniel Salliotte (52yo)

    Senior Vice President of Corporate Development

    • Tenure: 1.4yrs
    • Compensation: US$1.41m
  • Mike Yates (54yo)

    VP & Chief Accounting Officer

    • Tenure: 9.5yrs
    • Compensation: US$1.53m
  • Uwe Kirchner

    Group Executive of Fire

    • Tenure: 0.6yrs
  • Denise Cade (57yo)

    Senior VP

    • Tenure: 3.8yrs
    • Compensation: US$2.26m
  • Andy Silvernail (48yo)

    Chairman

    • Tenure: 8.0yrs
    • Compensation: US$10.13m
  • Jeff Bucklew (49yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 7.4yrs
    • Compensation: US$1.84m
  • Jim MacLennan (55yo)

    Senior VP & Chief Information Officer

    • Tenure: 7.4yrs
  • Eric Ashleman (52yo)

    COO & Senior VP

    • Tenure: 4.1yrs
    • Compensation: US$3.32m
  • Bill Grogan (40yo)

    CFO & Senior VP

    • Tenure: 2.6yrs
    • Compensation: US$2.45m
  • Abbie Roche

    VP, Chief Compliance Officer & Assistant General Counsel

    • Tenure: 1.5yrs

Board Members

  • Bill Cook (66yo)

    Lead Director

    • Tenure: 4.3yrs
    • Compensation: US$251.50k
  • Ernest Mrozek (66yo)

    Independent Director

    • Tenure: 9.1yrs
    • Compensation: US$240.00k
  • Carl Christenson (59yo)

    Independent Director

    • Tenure: 0.2yrs
  • Tony Satterthwaite (58yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$225.00k
  • Mark Buthman (58yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$215.00k
  • Katrina Helmkamp (53yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$215.00k
  • David Parry (66yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$225.00k
  • CJ Warner (61yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: US$225.00k
  • Mark Beck (54yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$255.25k
  • Andy Silvernail (48yo)

    Chairman

    • Tenure: 8.0yrs
    • Compensation: US$10.13m

Company Information

IDEX Corporation's company bio, 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$12.580b
  • Shares outstanding: 75.85m
  • Website: https://www.idexcorp.com

Number of Employees


Location

  • IDEX Corporation
  • 1925 West Field Court
  • Suite 200
  • Lake Forest
  • Illinois
  • 60045
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IEXNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1989
ID7DB (Deutsche Boerse AG)YesCommon StockDEEURJun 1989
IEX *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJun 1989

Biography

IDEX Corporation, through its subsidiaries, operates as an applied solutions company worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:38
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.