IDEX Corporation, together with its subsidiaries, operates as an applied solutions company worldwide.
Adequate balance sheet average dividend payer.
Share Price & News
How has IDEX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IEX's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IEX exceeded the US Machinery industry which returned 0.5% over the past year.
Return vs Market: IEX underperformed the US Market which returned 8.9% over the past year.
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
1 month ago | Simply Wall StDoes This Valuation Of IDEX Corporation (NYSE:IEX) Imply Investors Are Overpaying?
1 month ago | Simply Wall StHave Insiders Been Selling IDEX Corporation (NYSE:IEX) Shares?
2 months ago | Simply Wall StWith 3.6% Earnings Growth, Did IDEX Corporation (NYSE:IEX) Outperform The Industry?
Is IDEX undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IEX ($167.29) is trading above our estimate of fair value ($107.5)
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 (30.3x) compared to the Machinery industry average (21.1x).
PE vs Market: IEX is poor value based on its PE Ratio (30.3x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: IEX is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: IEX is overvalued based on its PB Ratio (5.7x) compared to the US Machinery industry average (2.2x).
How is IDEX forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IEX's forecast earnings growth (7.2% per year) is above the savings rate (2.2%).
Earnings vs Market: IEX's earnings (7.2% per year) are forecast to grow slower than the US market (22.3% per year).
High Growth Earnings: IEX's earnings are forecast to grow, but not significantly.
Revenue vs Market: IEX's revenue (3.9% per year) is forecast to grow slower than the US market (8.8% per year).
High Growth Revenue: IEX's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if IEX's Return on Equity is forecast to be high in 3 years time
How has IDEX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IEX has high quality earnings.
Growing Profit Margin: IEX's current net profit margins (16.9%) are lower than last year (16.9%).
Past Earnings Growth Analysis
Earnings Trend: IEX's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: IEX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IEX had negative earnings growth (-1.1%) over the past year, making it difficult to compare to the Machinery industry average (-5.7%).
Return on Equity
High ROE: IEX's Return on Equity (18.7%) is considered low.
How is IDEX's financial position?
Financial Position Analysis
Short Term Liabilities: IEX's short term assets ($1.3B) exceed its short term liabilities ($366.9M).
Long Term Liabilities: IEX's short term assets ($1.3B) do not cover its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: IEX's debt to equity ratio (44.8%) is considered high.
Reducing Debt: IEX's debt to equity ratio has reduced from 62.5% to 44.8% over the past 5 years.
Debt Coverage: IEX's debt is well covered by operating cash flow (52.5%).
Interest Coverage: IEX's interest payments on its debt are well covered by EBIT (13.4x coverage).
What is IDEX's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IEX's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.62%).
High Dividend: IEX's dividend (1.2%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Stability and Growth of Payments
Stable Dividend: IEX's dividends per share have been stable in the past 10 years.
Growing Dividend: IEX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (36.3%), IEX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IEX's dividends in 3 years are forecast to be well covered by earnings (39.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andy Silvernail (48yo)
Mr. Andrew K. Silvernail, also known as Andy, has been the Chairman of IDEX Corporation since January 1, 2012 and has been its Chief Executive Officer and Director since August 10, 2011. Mr. Silvernail ser ...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD9.12M) is about average for companies of similar size in the US market ($USD11.52M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
|Chairman & CEO||8.83yrs||US$9.12m||0.27% $34.2m|
|President & COO||0.33yr||US$4.55m||0.042% $5.3m|
|CFO & Senior VP||3.42yrs||US$2.33m||0.014% $1.8m|
|Senior VP||4.67yrs||US$1.98m||0.014% $1.8m|
|Senior VP & Chief Human Resources Officer||8.25yrs||US$1.60m||0.0052% $658.4k|
|VP & Chief Accounting Officer||10.33yrs||US$1.53m||0.032% $4.0m|
|VP, Chief Compliance Officer & Assistant General Counsel||2.33yrs||no data||no data|
|Senior Vice President of Corporate Development||2.25yrs||US$1.41m||0.025% $3.1m|
|Group Executive of Fire||1.42yrs||no data||no data|
|Group Executive of Emerging Markets||3.67yrs||no data||no data|
Experienced Management: IEX's management team is considered experienced (3.5 years average tenure).
|Chairman & CEO||8.83yrs||US$9.12m||0.27% $34.2m|
|Independent Lead Director||5.17yrs||US$245.00k||0.022% $2.7m|
|Independent Director||9.92yrs||US$227.50k||0.010% $1.3m|
|Independent Director||1yr||US$161.68k||no data|
|Independent Director||9.17yrs||US$235.00k||0.016% $2.0m|
|Independent Director||4.17yrs||US$227.50k||0.0071% $890.4k|
|Independent Director||4.58yrs||US$219.00k||0.0023% $285.0k|
|Independent Director||7.5yrs||US$225.00k||0.011% $1.4m|
|Independent Director||7.33yrs||US$221.01k||0.013% $1.6m|
|Independent Director||2.42yrs||US$216.00k||no data|
Experienced Board: IEX's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IEX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IDEX Corporation's company bio, employee growth, exchange listings and data sources
- Name: IDEX Corporation
- Ticker: IEX
- Exchange: NYSE
- Founded: 1987
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$12.612b
- Shares outstanding: 75.39m
- Website: https://www.idexcorp.com
Number of Employees
- IDEX Corporation
- 1925 West Field Court
- Suite 200
- Lake Forest
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IEX||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jun 1989|
|ID7||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 1989|
|IEX *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jun 1989|
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, 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. The HST segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for use in beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; sealing components; custom mechanical and shaft seals; engineered hygienic mixers and valves; biocompatible medical devices and implantables; and air compressors. This segment also provides optical components and coatings for scientific research, defense, biotechnology, aerospace, telecommunications, and electronics manufacturing applications; laboratory and commercial equipment for the production of micro and nano scale materials; precision photonic solutions; and precision gear and peristaltic pump technologies. The FSDP segment designs, produces, and distributes firefighting pumps, valves, rescue tools, lifting bags, and other components and systems for the fire and rescue industry; engineered stainless steel banding and clamping devices for various industrial and commercial applications; and precision equipment for dispensing, metering, and mixing colorants and paints used in retail and commercial businesses. The company was incorporated in 1987 and is headquartered in Lake Forest, Illinois.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/06 02:28|
|End of Day Share Price||2020/06/05 00:00|
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.