Stock IEX IDEX CORPORATION
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Financials IDEX Corporation

Equities

IEX

US45167R1041

Industrial Machinery & Equipment

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
220.7 USD -1.17% Intraday chart for IDEX Corporation -2.81% +1.64%
Apr. 25 Dover beats Q1 profit estimates on manufacturing activity strength RE
Apr. 25 Baird Adjusts Price Target on IDEX to $256 From $260 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,082 15,081 17,968 17,221 16,419 16,703 - -
Enterprise Value (EV) 1 13,299 15,099 18,303 18,259 17,210 17,059 17,005 16,843
P/E ratio 30.9 x 40.3 x 40.2 x 29.6 x 27.7 x 30.4 x 27 x 23 x
Yield 1.16% 1% 0.91% 1.05% 1.18% 1.18% 1.25% 1.35%
Capitalization / Revenue 5.24 x 6.41 x 6.5 x 5.41 x 5.02 x 5.01 x 4.76 x 4.4 x
EV / Revenue 5.33 x 6.42 x 6.62 x 5.74 x 5.26 x 5.12 x 4.84 x 4.44 x
EV / EBITDA 19.6 x 24.2 x 23.9 x 20.7 x 19.1 x 18.4 x 16.8 x 15.3 x
EV / FCF 27.9 x 29.1 x 37.2 x 37.3 x 27.5 x 27.1 x 23.8 x 21.9 x
FCF Yield 3.59% 3.43% 2.69% 2.68% 3.64% 3.69% 4.21% 4.56%
Price to Book 5.78 x 5.99 x 6.44 x 5.67 x 4.65 x 4.3 x 3.91 x 3.54 x
Nbr of stocks (in thousands) 76,060 75,706 76,031 75,421 75,626 75,695 - -
Reference price 2 172.0 199.2 236.3 228.3 217.1 220.7 220.7 220.7
Announcement Date 1/29/20 2/3/21 2/1/22 1/31/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,495 2,352 2,765 3,182 3,274 3,332 3,510 3,797
EBITDA 1 678.5 622.9 765.4 884.2 899.6 927.7 1,011 1,103
EBIT 1 603.4 536.6 661.4 763.3 743.4 759.2 835.9 934.7
Operating Margin 24.19% 22.82% 23.92% 23.99% 22.71% 22.79% 23.82% 24.62%
Earnings before Tax (EBT) 1 532.9 470.3 579.8 749.4 760.3 716.1 789.4 853.1
Net income 1 425.5 377.8 449.4 586.9 596.1 551.8 622.2 716.6
Net margin 17.06% 16.06% 16.25% 18.44% 18.21% 16.56% 17.73% 18.88%
EPS 2 5.560 4.940 5.880 7.710 7.850 7.264 8.184 9.595
Free Cash Flow 1 477.2 518 492.6 489.4 626.8 630 715.4 768.3
FCF margin 19.13% 22.03% 17.82% 15.38% 19.15% 18.91% 20.38% 20.24%
FCF Conversion (EBITDA) 70.32% 83.16% 64.36% 55.35% 69.68% 67.91% 70.79% 69.66%
FCF Conversion (Net income) 112.13% 137.12% 109.61% 83.39% 105.15% 114.18% 114.98% 107.21%
Dividend per Share 2 2.000 2.000 2.160 2.400 2.560 2.607 2.761 2.982
Announcement Date 1/29/20 2/3/21 2/1/22 1/31/23 2/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 714.8 751.1 796.1 824 810.7 845.4 846.2 793.4 788.9 800.5 829 844.5 855.4 851.8 884.7
EBITDA 1 192.4 214.7 219.2 231.4 218.9 229.8 240.7 225.5 203.6 208.3 229 246.7 245.4 233.8 252.4
EBIT 1 162.7 187.6 189.8 201.1 184.8 193.4 203.7 183.7 163.2 162.3 187.1 204.2 202 192.4 211.1
Operating Margin 22.76% 24.98% 23.84% 24.41% 22.8% 22.88% 24.07% 23.15% 20.69% 20.27% 22.57% 24.18% 23.61% 22.59% 23.86%
Earnings before Tax (EBT) 1 153.2 180.4 177.1 228.4 163.5 179.8 178.5 261.8 140.2 154.5 177.2 191.3 194.7 184.7 205.4
Net income 1 118.8 140 138.2 178.7 130 139.8 138.6 209.1 108.6 121.4 135.3 147 148.2 138.5 157.6
Net margin 16.62% 18.64% 17.36% 21.69% 16.04% 16.54% 16.38% 26.35% 13.77% 15.17% 16.32% 17.41% 17.32% 16.26% 17.81%
EPS 2 1.550 1.830 1.810 2.360 1.710 1.840 1.820 2.750 1.430 1.600 1.785 1.928 1.928 1.830 2.080
Dividend per Share 2 0.5400 0.6000 0.6000 0.6000 0.6000 0.6012 0.6400 0.6400 0.6000 0.6390 0.6436 0.6486 0.6486 0.6600 -
Announcement Date 2/1/22 4/26/22 7/26/22 10/25/22 1/31/23 4/26/23 7/26/23 10/25/23 2/6/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 217 18.6 335 1,039 791 356 302 140
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.3193 x 0.0298 x 0.4375 x 1.175 x 0.8797 x 0.3837 x 0.2988 x 0.1269 x
Free Cash Flow 1 477 518 493 489 627 630 715 768
ROE (net income / shareholders' equity) 20% 15.7% 16.8% 21.2% 18.1% 15.4% 16.5% 17.5%
ROA (Net income/ Total Assets) 11.7% 9.18% 9.63% 11.3% 10.7% 8.9% 9.8% 10.7%
Assets 1 3,644 4,114 4,666 5,215 5,591 6,200 6,349 6,698
Book Value Per Share 2 29.70 33.30 36.70 40.20 46.70 51.30 56.50 62.30
Cash Flow per Share 2 6.900 7.450 7.400 7.330 9.440 9.860 10.70 12.00
Capex 1 50.9 51.5 72.7 68 89.9 76.5 78.6 83.6
Capex / Sales 2.04% 2.19% 2.63% 2.14% 2.75% 2.3% 2.24% 2.2%
Announcement Date 1/29/20 2/3/21 2/1/22 1/31/23 2/6/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for IDEX Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
220.7 USD
Average target price
240.5 USD
Spread / Average Target
+9.01%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Pump & Pumping Equipment
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