IDEX Corporation, together with its subsidiaries, operates as an applied solutions company worldwide. More Details
Excellent 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IEX's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: IEX underperformed the US Machinery industry which returned 24.1% over the past year.
Return vs Market: IEX underperformed the US Market which returned 21% over the past year.
Long-Term 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
3 days ago | Simply Wall StIs IDEX (NYSE:IEX) Using Too Much Debt?
2 weeks ago | Simply Wall StOur Take On The Returns On Capital At IDEX (NYSE:IEX)
4 weeks ago | Simply Wall StIDEX Corporation (NYSE:IEX) Shares Could Be 32% Above Their Intrinsic Value Estimate
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 ($194.04) is trading above our estimate of fair value ($150.63)
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 (39.2x) compared to the US Machinery industry average (34.1x).
PE vs Market: IEX is poor value based on its PE Ratio (39.2x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: IEX is poor value based on its PEG Ratio (4.5x)
Price to Book Ratio
PB vs Industry: IEX is overvalued based on its PB Ratio (6.1x) compared to the US Machinery industry average (3.1x).
How is IDEX forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IEX's forecast earnings growth (8.7% per year) is above the savings rate (2%).
Earnings vs Market: IEX's earnings (8.7% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: IEX's earnings are forecast to grow, but not significantly.
Revenue vs Market: IEX's revenue (6% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: IEX's revenue (6% 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 low in 3 years time (16.7%).
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 (15.9%) are lower than last year (17.1%).
Past Earnings Growth Analysis
Earnings Trend: IEX's earnings have grown by 9.9% 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 (-12.5%) over the past year, making it difficult to compare to the Machinery industry average (-15.5%).
Return on Equity
High ROE: IEX's Return on Equity (15.6%) is considered low.
How is IDEX's financial position?
Financial Position Analysis
Short Term Liabilities: IEX's short term assets ($1.5B) exceed its short term liabilities ($409.7M).
Long Term Liabilities: IEX's short term assets ($1.5B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: IEX's debt to equity ratio (43.6%) is considered high.
Reducing Debt: IEX's debt to equity ratio has reduced from 59.7% to 43.6% over the past 5 years.
Debt Coverage: IEX's debt is well covered by operating cash flow (53.5%).
Interest Coverage: IEX's interest payments on its debt are well covered by EBIT (11.9x coverage).
What is IDEX current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IEX's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: IEX's dividend (1.03%) is low compared to the top 25% of dividend payers in the US market (3.84%).
Stability and Growth of Payments
Stable Dividend: IEX's dividends per share have been stable in the past 10 years.
Growing Dividend: IEX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40.4%), IEX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IEX's dividends in 3 years are forecast to be well covered by earnings (32% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eric Ashleman (53 yo)
Mr. Eric D. Ashleman serves as the President of IDEX Corporation since February 21, 2020 and served as its Chief Operating Officer since February 2015 until December 15, 2020. He has been Director of IDEX ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD4.55M) is below average for companies of similar size in the US market ($USD10.54M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO, President & Director||0.083yr||US$4.55m||0.031% |
|CFO & Senior VP||4yrs||US$2.33m||0.014% |
|Senior VP||5.25yrs||US$1.98m||0.010% |
|Senior VP & Chief Human Resources Officer||8.83yrs||US$1.60m||0% |
|VP & Chief Accounting Officer||10.92yrs||US$1.53m||0.024% |
|VP, Chief Compliance Officer & Assistant General Counsel||2.92yrs||no data||no data|
|Senior Vice President of Corporate Development||2.83yrs||US$1.41m||0.025% |
|Group Executive of Fire||2yrs||no data||no data|
|Group Executive of Emerging Markets||4.25yrs||no data||no data|
|Group Executive of Health & Science Technologies||2yrs||no data||no data|
|Group Executive of Fluid & Metering Technologies||1.25yrs||no data||no data|
Experienced Management: IEX's management team is considered experienced (2.9 years average tenure).
|CEO, President & Director||0.083yr||US$4.55m||0.031% |
|Non-Executive Chairman||0.083yr||US$245.00k||0.021% |
|Independent Director||10.5yrs||US$227.50k||0.010% |
|Independent Director||1.58yrs||US$161.68k||0% |
|Independent Director||9.75yrs||US$235.00k||0.0062% |
|Independent Director||4.75yrs||US$227.50k||0.0070% |
|Independent Director||5.17yrs||US$219.00k||0.0022% |
|Independent Director||8.08yrs||US$225.00k||0.011% |
|Independent Director||7.92yrs||US$221.01k||0.0094% |
|Independent Director||3yrs||US$216.00k||0% |
Experienced Board: IEX's board of directors are considered experienced (5 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$14.690b
- Shares outstanding: 75.71m
- 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|
|I1EX34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 20 REPR 1 COM NPV||BR||BRL||Oct 2020|
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 Tech...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 00:35|
|End of Day Share Price||2021/01/15 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.