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IDEX Corp IEX

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Stock XNYS Rating as of
$220.66 −2.62 (1.17%)
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As of Delayed Price Closed
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Company Report

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Idex Earnings: Full-Year Outlook Maintained After Solid First Quarter

Krzysztof Smalec

Narrow-moat-rated Idex posted solid first-quarter results, considering headwinds in the life sciences and analytical instrumentation businesses, as its adjusted EPS of $1.88 came in above management’s guidance range of $1.70 to $1.75. While nothing in the earnings release materially alters our long-term outlook, we’ve sightly raised our fair value estimate to $220 from $219 due to time value of money. We view the name as fairly valued at current levels.

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Price vs Fair Value

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IEX is trading at a 6% premium.
Price
$232.27
Fair Value
$453.00
Uncertainty
Medium
1-Star Price
$883.99
5-Star Price
$327.60
Economic Moat
Vtbwmml
Capital Allocation
Nmcdyklxq

Bulls Say, Bears Say

Bulls

Idex has a portfolio of moaty businesses that have leading share in niche end markets.

Bears

If industrial production remains sluggish, organic revenue growth may decelerate.

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News

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Trading Information

Previous Close Price
$223.28
Day Range
$220.54–224.38
52-Week Range
$183.77–246.36
Bid/Ask
$220.04 / $221.56
Market Cap
$16.70 Bil
Volume/Avg
348,958 / 387,562

Key Statistics

Price/Earnings (Normalized)
28.04
Price/Sales
5.28
Dividend Yield (Trailing)
1.16%
Dividend Yield (Forward)
1.16%
Total Yield
1.16%

Company Profile

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm’s business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.3 billion in revenue in 2023.
Sector
Industrials
Industry
Specialty Industrial Machinery
Stock Style Box
Mid Core
Total Number of Employees
8,800
Website
https://www.idexcorp.com

Competitors

Valuation

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Metric
IEX
GGG
XYL
Price/Earnings (Normalized)
 28.0427.8535.98
Price/Book Value
 4.716.003.15
Price/Sales
 5.286.643.92
Price/Cash Flow
 25.4922.1927.57
Price/Earnings
IEX
GGG
XYL

Financial Strength

Metric
IEX
GGG
XYL
Quick Ratio
 2.292.261.20
Current Ratio
 3.373.461.76
Interest Coverage
 16.31118.2813.39
Quick Ratio
IEX
GGG
XYL

Profitability

Metric
IEX
GGG
XYL
Return on Assets (Normalized)
 10.56%18.98%6.44%
Return on Equity (Normalized)
 17.83%23.50%11.13%
Return on Invested Capital (Normalized)
 13.20%22.73%8.73%
Return on Assets
IEX
GGG
XYL
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