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

2.1%

IEX

3.2%

US Machinery

1.0%

US Market


1 Year Return

17.9%

IEX

2.3%

US Machinery

6.7%

US Market

Return vs Industry: IEX exceeded the US Machinery industry which returned 2.3% over the past year.

Return vs Market: IEX exceeded the US Market which returned 6.7% over the past year.


Share holder returns

IEXIndustryMarket
7 Day2.1%3.2%1.0%
30 Day-6.7%-3.5%-1.8%
90 Day-5.3%-4.6%-1.8%
1 Year19.1%17.9%4.5%2.3%9.1%6.7%
3 Year89.8%83.3%46.3%36.8%46.1%36.6%
5 Year142.5%126.6%60.6%41.3%66.9%48.6%

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?

28.28x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: IEX ($159.44) is trading above our estimate of fair value ($117.69)

Significantly Undervalued: IEX is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: IEX is poor value based on its PE Ratio (28.3x) compared to the Machinery industry average (19.7x).

PE vs Market: IEX is poor value based on its PE Ratio (28.3x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: IEX is poor value based on its PEG Ratio (5.3x)


Price Based on Value of Assets

PB vs Industry: IEX is overvalued based on its PB Ratio (5.7x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

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

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: IEX's forecast earnings growth (5.4% per year) is above the savings rate (2.7%).

Earnings vs Market: IEX's earnings (5.4% per year) are forecast to grow slower than the US market (14.5% 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 (7.3% 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 Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if IEX's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: IEX's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: IEX's earnings growth over the past year (11.6%) exceeds its 5-year average (10% per year).

Earnings vs Industry: IEX earnings growth over the past year (11.6%) underperformed the Machinery industry 18.7%.


Return on Equity

High ROE: IEX's Return on Equity (20.3%) is considered high.


Return on Assets

ROA vs Industry: IEX has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: IEX has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is IDEX's financial position?


Financial Position Analysis

Short Term Liabilities: IEX's short term assets ($1.2B) exceeds its short term liabilities ($361.8M)

Long Term Liabilities: IEX's short term assets (1.2B) exceeds its long term liabilities (1.2B)


Debt to Equity History and Analysis

Debt Level: IEX's debt to equity ratio (40.2%) is considered high

Reducing Debt: IEX's debt to equity ratio has reduced from 50.3% to 40.2% over the past 5 years.

Debt Coverage: IEX's debt is well covered by operating cash flow (59.7%).

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


Balance Sheet

Inventory Level: IEX has a low level of unsold assets or inventory.

Debt Coverage by Assets: IEX's debt is covered by short term assets (assets are 1.433300x debt).


Next Steps

Dividend

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

1.25%

Expected Dividend Yield


Dividend Yield vs Market

company1.3%marketbottom25%1.5%markettop25%3.8%industryaverage1.7%forecastin3Years1.3%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: IEX's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: IEX's dividend (1.25%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 (33%), 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 (31% payout ratio).


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

IDEX has no CEO, or we have no data on them.


Management Age and Tenure

4.0yrs

Average Tenure

52yo

Average Age

Experienced Management: IEX's management team is considered experienced (4 years average tenure).


Board Age and Tenure

5.6yrs

Average Tenure

60yo

Average Age

Experienced Board: IEX's board of directors are considered experienced (5.6 years average tenure).


Insider Trading

Insider Buying: IEX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$484,33303 Sep 19
Eric Ashleman
EntityIndividual
Role
Chief Operating Officer
COO & Senior VP
Shares2,922
Max PriceUS$165.75
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: 1.6yrs
    • Compensation: US$1.41m
  • Mike Yates (54yo)

    VP & Chief Accounting Officer

    • Tenure: 9.7yrs
    • Compensation: US$1.53m
  • Uwe Kirchner

    Group Executive of Fire

    • Tenure: 0.8yrs
  • Denise Cade (57yo)

    Senior VP

    • Tenure: 4yrs
    • Compensation: US$2.26m
  • Andy Silvernail (48yo)

    Chairman

    • Tenure: 8.2yrs
    • Compensation: US$10.13m
  • Jeff Bucklew (49yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 7.6yrs
    • Compensation: US$1.84m
  • Jim MacLennan (55yo)

    Senior VP & Chief Information Officer

    • Tenure: 0yrs
  • Eric Ashleman (52yo)

    COO & Senior VP

    • Tenure: 4.3yrs
    • Compensation: US$3.32m
  • Bill Grogan (40yo)

    CFO & Senior VP

    • Tenure: 2.8yrs
    • Compensation: US$2.45m
  • Abbie Roche

    VP, Chief Compliance Officer & Assistant General Counsel

    • Tenure: 1.7yrs

Board Members

  • Bill Cook (66yo)

    Lead Director

    • Tenure: 4.5yrs
    • Compensation: US$251.50k
  • Ernest Mrozek (66yo)

    Independent Director

    • Tenure: 9.3yrs
    • Compensation: US$240.00k
  • Carl Christenson (59yo)

    Independent Director

    • Tenure: 0.3yrs
  • Tony Satterthwaite (58yo)

    Independent Director

    • Tenure: 8.5yrs
    • Compensation: US$225.00k
  • Mark Buthman (58yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: US$215.00k
  • Katrina Helmkamp (53yo)

    Independent Director

    • Tenure: 3.9yrs
    • Compensation: US$215.00k
  • David Parry (66yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$225.00k
  • CJ Warner (61yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$225.00k

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$12.093b
  • 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 Analysis2019/10/14 01:19
End of Day Share Price2019/10/11 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.

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