Compoundeer Logo
COMPOUNDEER
Uncovering Potential
RankingCompaniesDCF
IEX Logo

Idex Corp

IEX

Pumps & Pumping Equipment

Mkt Cap

$17.61B

PE

29.56

Debt

$1.334B

Cash

$534.3M

EV

$18.41B

FCF

$626.8M

Market Cap

$17.61B

P/E Ratio

29.56

Debt

$1.334B

Cash

$534.3M

EV

$18.41B

FCF

$626.8M
Charts data: {"Earnings":[{"time":"2014-12-30","value":279386000},{"time":"2015-12-30","value":282807000},{"time":"2016-12-30","value":271109000},{"time":"2017-12-30","value":337257000},{"time":"2018-12-30","value":410573000},{"time":"2019-12-30","value":425500000},{"time":"2020-12-30","value":377778000},{"time":"2021-12-30","value":449300000},{"time":"2022-12-30","value":586700000},{"time":"2023-12-30","value":595600000}],"Sales":[{"time":"2014-12-30","value":2147767000},{"time":"2015-12-30","value":2020668000},{"time":"2016-12-30","value":2113043000},{"time":"2017-12-30","value":2287312000},{"time":"2018-12-30","value":2483666000},{"time":"2019-12-30","value":2494573000},{"time":"2020-12-30","value":2351646000},{"time":"2021-12-30","value":2764800000},{"time":"2022-12-30","value":3181900000},{"time":"2023-12-30","value":3273900000}],"Net Margins":[{"time":"2014-12-30","value":0.1300820805981282},{"time":"2015-12-30","value":0.13995718247629002},{"time":"2016-12-30","value":0.12830264220841697},{"time":"2017-12-30","value":0.14744687213637667},{"time":"2018-12-30","value":0.16530926461126416},{"time":"2019-12-30","value":0.17057027395069216},{"time":"2020-12-30","value":0.160644076531927},{"time":"2021-12-30","value":0.1625072337962963},{"time":"2022-12-30","value":0.18438668719947202},{"time":"2023-12-30","value":0.18192369956321208}],"Assets":[{"time":"2014-12-30","value":2908070000},{"time":"2015-12-30","value":2805443000},{"time":"2016-12-30","value":3154944000},{"time":"2017-12-30","value":3399628000},{"time":"2018-12-30","value":3473857000},{"time":"2019-12-30","value":3813912000},{"time":"2020-12-30","value":4414398000},{"time":"2021-12-30","value":4917200000},{"time":"2022-12-30","value":5511900000},{"time":"2023-12-30","value":5865200000}],"Stockholders Equity":[{"time":"2014-12-30","value":1486451000},{"time":"2015-12-30","value":1443291000},{"time":"2016-12-30","value":1543894000},{"time":"2017-12-30","value":1886542000},{"time":"2018-12-30","value":1994640000},{"time":"2019-12-30","value":2263229000},{"time":"2020-12-30","value":2540326000},{"time":"2021-12-30","value":2803100000},{"time":"2022-12-30","value":3039600000},{"time":"2023-12-30","value":3541400000}],"ROE":[{"time":"2014-12-30","value":0.18795506881827925},{"time":"2015-12-30","value":0.19594593190146686},{"time":"2016-12-30","value":0.17560078606432825},{"time":"2017-12-30","value":0.17876993992182522},{"time":"2018-12-30","value":0.2058381462319015},{"time":"2019-12-30","value":0.18800572102955557},{"time":"2020-12-30","value":0.14871240935218552},{"time":"2021-12-30","value":0.1602868253005601},{"time":"2022-12-30","value":0.19301881826556125},{"time":"2023-12-30","value":0.16818207488563844}],"ROA":[{"time":"2014-12-30","value":0.1493550705450694},{"time":"2015-12-30","value":0.15469250310913463},{"time":"2016-12-30","value":0.13126318565400844},{"time":"2017-12-30","value":0.1478267622222196},{"time":"2018-12-30","value":0.16496735472991547},{"time":"2019-12-30","value":0.15181341362884093},{"time":"2020-12-30","value":0.11795787330458196},{"time":"2021-12-30","value":0.12954526966566338},{"time":"2022-12-30","value":0.13632322792503493},{"time":"2023-12-30","value":0.12962899815863058}]}

IDEX Corporation, together with its subsidiaries, provides applied solutions 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, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as 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, pneumatic components and sealing solutions, high performance molded and extruded sealing components, custom mechanical and shaft seals, engineered hygienic mixers and valves, biocompatible medical devices and implantables, air compressors and blowers, optical components and coatings, laboratory and commercial equipment, precision photonic solutions, and precision gear and peristaltic pump technologies. This segment serves food and beverage, pharmaceutical and biopharmaceutical, cosmetics, marine, chemical, wastewater and water treatment, life sciences, research, and defense markets. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, 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 Northbrook, Illinois.

Sector

  • FLS Logo

    FLS

  • GGG Logo

    GGG

  • GRC Logo

    GRC

  • ITT Logo

    ITT

Growth

%

%

Discount

%

%

Multiple

g\r+10%+11%+12%+13%+14%
0%109887
+1%1110988
+2%13111098
+3%141311109
+4%1714121110
Years012345678910TV
FCF$626.8M$672.6M$720M$768.9M$819.2M$870.7M$923.1M$976.4M$1.03B$1.084B$1.139B$11.39B
DCF$584.9M$544.4M$505.6M$468.4M$432.9M$399.1M$367.1M$336.8M$308.2M$281.4M$2.814B
Value$7.043B

In the chart Earnings are multiplied by this value.

Earnings Growth 10%
Earnings Stability 89%


Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Net Margin14%13%15%17%17%16%16%18%18%18%
ROA15%13%15%16%15%12%13%14%13%13%
ROE20%18%18%21%19%15%16%19%17%17%

What is the average Net Margin?

The average Net Margin over the past 5 years is +17.09%.

What is the trend of Net Margin?

The trend of Net Margin over the past 5 years is +0.36%.

What is the average Return on Assets (ROA)?

The average ROA over the past 5 years is +13.84%.

What is the trend of Return on Assets (ROA)?

The trend of ROA over the past 5 years is -0.6%.

What is the average Return on Equity (ROE)?

The average ROE over the past 5 years is +17.73%.

What is the trend of Return on Equity (ROE)?

The trend of ROE over the past 5 years is -0.46%.


Safety & Stabiliy

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12-201512-201612-201712-201812-201912-202012-202112-202212-2023TTM
Debt FCF2.682.832.222.011.782.032.443.022.132.13
Debt Equity0.590.660.460.430.380.410.430.490.380.38
MIN
Graham Stability--100%100%100%97%100%100%100%97%

What is the Debt/FCF?

The Debt/FCF trailing twelve month is 2.13.

What is the trend of Debt/FCF?

The trend of Debt/FCF over the past 5 years is 0.13.

What is the Graham’s Stability?

Graham’s Stability measure stands at 0.97.


Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12-201612-201812-202012-2022Trend
Revenue6.5%5.7%12%2.9%1.2%
Net Income12%7.7%16%1.5%1%
Stockholders Equity13%12%12%17%1.1%
FCF8.2%8.2%6.6%28%0.78%

What is the 5 year Revenue CAGR?

The Revenue CAGR over the past 5 years is +5.68%.

What is the trend of Revenue growth?

The trend of Revenue growth rate over the past 5 years is +1.19%.

What is the 5 year Earnings CAGR?

The Earnings CAGR over the past 5 years is +7.72%.

What is the trend of Earnings growth?

The trend of Earnings growth rate over the past 5 years is +1.02%.

What is the 5 year Equity CAGR?

The Equity CAGR over the past 5 years is +12.17%.

What is the trend of Equity growth?

The trend of Equity growth rate over the past 5 years is +1.08%.

What is the 5 year FCF CAGR?

The FCF CAGR over the past 5 years is +8.17%.

What is the trend of FCF growth?

The trend of FCF growth rate over the past 5 years is +0.78%.