NYSE:IEX

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet average dividend payer.


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

Stable Share Price: IEX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.5%

IEX

-6.4%

US Machinery

-3.3%

US Market


1 Year Return

8.0%

IEX

7.6%

US Machinery

10.9%

US Market

Return vs Industry: IEX matched the US Machinery industry which returned 7.6% over the past year.

Return vs Market: IEX underperformed the US Market which returned 10.9% over the past year.


Shareholder returns

IEXIndustryMarket
7 Day-4.5%-6.4%-3.3%
30 Day-1.2%-3.4%-5.7%
90 Day14.9%12.8%8.2%
1 Year9.4%8.0%9.8%7.6%13.4%10.9%
3 Year51.9%46.3%17.1%9.6%34.9%25.9%
5 Year163.7%146.3%100.7%78.2%84.6%63.8%

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 compared to its fair value and its price relative to the market?

35.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IEX ($177.76) is trading above our estimate of fair value ($144.67)

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 (35.8x) compared to the US Machinery industry average (23.8x).

PE vs Market: IEX is poor value based on its PE Ratio (35.8x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: IEX is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: IEX is overvalued based on its PB Ratio (5.9x) compared to the US Machinery industry average (2.1x).


Next Steps

Future Growth

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

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IEX's forecast earnings growth (13.5% per year) is above the savings rate (2.2%).

Earnings vs Market: IEX's earnings (13.5% per year) are forecast to grow slower than the US market (23% per year).

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

Revenue vs Market: IEX's revenue (8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: IEX's revenue (8% 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 (21.5%)


Next Steps

Past Performance

How has IDEX performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IEX has high quality earnings.

Growing Profit Margin: IEX's current net profit margins (15.7%) are lower than last year (17.1%).


Past Earnings Growth Analysis

Earnings Trend: IEX's earnings have grown by 10.9% 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 (-12.4%) over the past year, making it difficult to compare to the Machinery industry average (-12.7%).


Return on Equity

High ROE: IEX's Return on Equity (16.6%) is considered low.


Next Steps

Financial Health

How is IDEX's financial position?


Financial Position Analysis

Short Term Liabilities: IEX's short term assets ($1.4B) exceed its short term liabilities ($401.3M).

Long Term Liabilities: IEX's short term assets ($1.4B) do not cover its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: IEX's debt to equity ratio (46.2%) is considered high.

Reducing Debt: IEX's debt to equity ratio has reduced from 60.2% to 46.2% over the past 5 years.

Debt Coverage: IEX's debt is well covered by operating cash flow (53.8%).

Interest Coverage: IEX's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet


Next Steps

Dividend

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

1.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IEX's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.75%).

High Dividend: IEX's dividend (1.13%) is low compared to the top 25% of dividend payers in the US market (5.03%).


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 (40.3%), 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 (33.6% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Andy Silvernail (49 yo)

9.08yrs

Tenure

US$9,119,596

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 Director since August 10, 2011. Mr. Silvernail ser ...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD9.12M) is about average for companies of similar size in the US market ($USD11.35M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Silvernail
Chairman & CEO9.08yrsUS$9.12m0.27%
$ 36.1m
Eric Ashleman
President & COO0.58yrUS$4.55m0.031%
$ 4.2m
William Grogan
CFO & Senior VP3.67yrsUS$2.33m0.014%
$ 1.9m
Denise Cade
Senior VP4.92yrsUS$1.98m0.010%
$ 1.4m
Jeffrey Bucklew
Senior VP & Chief Human Resources Officer8.5yrsUS$1.60m0%
$ 0
Michael Yates
VP & Chief Accounting Officer10.58yrsUS$1.53m0.024%
$ 3.2m
Abigail Roche
VP, Chief Compliance Officer & Assistant General Counsel2.58yrsno datano data
Daniel Salliotte
Senior Vice President of Corporate Development2.5yrsUS$1.41m0.025%
$ 3.3m
Uwe Kirchner
Group Executive of Fire1.67yrsno datano data
Rajesh Prasad
Group Executive of Emerging Markets3.92yrsno datano data
Marc Uleman
Group Executive of Health & Science Technologies1.67yrsno datano data
Brian Truesdale
Group Executive of Fluid & Metering Technologies0.92yrno datano data

3.1yrs

Average Tenure

53yo

Average Age

Experienced Management: IEX's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Silvernail
Chairman & CEO9.08yrsUS$9.12m0.27%
$ 36.1m
William Cook
Independent Lead Director5.42yrsUS$245.00k0.021%
$ 2.9m
Ernest Mrozek
Independent Director10.17yrsUS$227.50k0.010%
$ 1.4m
Carl Christenson
Independent Director1.25yrsUS$161.68k0%
$ 0
Livingston Satterthwaite
Independent Director9.42yrsUS$235.00k0.0062%
$ 834.9k
Mark Buthman
Independent Director4.42yrsUS$227.50k0.0070%
$ 946.3k
Katrina Helmkamp
Independent Director4.83yrsUS$219.00k0.0023%
$ 303.4k
David Parry
Independent Director7.75yrsUS$225.00k0.011%
$ 1.4m
Cynthia Warner
Independent Director7.58yrsUS$221.01k0.0094%
$ 1.3m
Mark Beck
Independent Director2.67yrsUS$216.00k0%
$ 0

6.5yrs

Average Tenure

59.5yo

Average Age

Experienced Board: IEX's board of directors are considered experienced (6.5 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

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$13.423b
  • Shares outstanding: 75.51m
  • Website: https://www.idexcorp.com

Number of Employees


Location

  • IDEX Corporation
  • 1925 West Field Court
  • Suite 200
  • Lake Forest
  • Illinois
  • 60045-4824
  • 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, 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/25 05:32
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.