Idex Corp

Industrials
Fluid Controls
www.idexcorp.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $14.61B
PE 29
Debt $2.07B
Cash $638.90M
EV $16.04B
FCF $603.00M

Earnings

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Sales & Net Margins

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Earnings	$504.60M
EBIT	$677.20M
ROE	13%
ROA	10%
FCF	$603.00M
Equity	$3.79B
Growth Stability	93%
PE	28.95
PEG	2.81
PB	3.85
P/FCF	24.23
P/S	4.47
Price/Cash	0.04
Debt/Equity	0.55
Debt/FCF	3.44
Net Margins	15%
Gross Margins	44%
Op. Margins	21%
Earnings CAGR	9%
Sales Growth YoY	9%
Sales Growth QoQ	8%
Sales CAGR	6%
FCF CAGR	7%
Equity CAGR	11%
Earnings Stability	0.83
Earnings Growth YoY	14%
Earnings Growth QoQ	4%
Earnings CAGR 5Y	10%

Sales CAGR 5Y	9%
FCF CAGR 5Y	6%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
FCF CAGR 3Y	15%
Equity CAGR 3Y	13%
Market Cap	$14.61B
Revenue	$3.27B
Dividend Yield	1%
Payout Ratio	41%
Assets	$6.75B
Total Debt	$2.07B
Cash	$638.90M
Shares Outstanding	75.7M
EV	16.04B
Earnings Score	92%
Moat Score	92%
Safety Score	89%
Final Score	91%
Working Capital	963M
Current Ratio	2.53
Gross Profit	$1.45B
Shares Growth 3y	-0%
Equity Growth QoQ	-1%
Equity Growth YoY	7%

Assets & ROA

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Stockholders Equity & ROE

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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 $2.8 billion in revenue and $661 million in adjusted operating income in 2021.

SEC Filings

Direct access to Idex Corp (IEX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Idex Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Idex Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 9%

Stability 83%

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Idex Corp Discounted Cash Flow

Fully customizable DCF calculator online for Idex Corp .

Years

Calculation mode

= $9.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$603M	$646M	$691M	$740M	$792M	$849M	$909M	$973M	$1B	$1.1B	$1.2B	$12B
DCF		$587M	$571M	$556M	$541M	$527M	$513M	$499M	$486M	$473M	$460M	$4.6B
Value	$9.8B

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	14%	13%	15%	17%	17%	16%	16%	18%	18%	15%	15%
ROA	-	13%	15%	16%	15%	12%	13%	14%	13%	10%	10%
ROE	-	18%	18%	21%	19%	15%	16%	19%	17%	13%	13%

Good Net Margins (15.44%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	2.83	2.22	2.01	1.78	2.03	2.44	3.02	2.13	3.44	3.44
Debt over Equity	0.59	0.66	0.46	0.43	0.38	0.41	0.43	0.49	0.38	0.55	0.55
Growth Stability	-	-	-	100%	100%	97%	100%	100%	100%	93%	93%

Neutral Debt/FCF ratio (3.44)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.55)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (93%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	5%	8%	9%	0%	-6%	18%	15%	3%	-0%	9%
Earnings YoY growth	-	-4%	24%	22%	4%	-11%	19%	31%	2%	-15%	10%
Equity YoY growth	-	7%	22%	6%	13%	12%	10%	8%	17%	7%	12%
FCF YoY growth	-	14%	8%	9%	13%	9%	-5%	-1%	28%	-4%	6%