IDEX (IEX) AI Stock Analysis

• Market Cap: $12.57B
• Dividend Yield: 1.68%
• Average Volume (3M): 711.66K
• Price to Earnings (P/E): 27.0
• Beta (1Y): 0.99
• Revenue Growth: 4.73%
• EPS Growth: -19.15%
• Country: US
• Employees: 9,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 2.07
• Shares Outstanding: 75,287,285
• 10 Day Avg. Volume: 618,277
• 30 Day Avg. Volume: 711,661
• PEG Ratio: -2.04
• Price to Book (P/B): 4.18
• Price to Sales (P/S): 4.85
• P/FCF Ratio: 26.27
• Enterprise Value/Market Cap: 1.16
• Enterprise Value/Revenue: 4.36
• Enterprise Value/Gross Profit: 10.04
• Enterprise Value/Ebitda: 18.07
• 1Y Price Target: $200.75
• Price Target Upside: 20.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10

• Rating: 73 Outperform
• Price Target: $181.00 ▲(8.38% Upside)

IDEX's strong financial performance and strategic initiatives are offset by bearish technical indicators and lowered guidance. The stock's valuation suggests it may be overvalued, and market uncertainties pose additional risks.

Positive Factors

Strong Cash Flow Management

Strong cash flow management ensures IDEX can sustain operations, invest in growth, and return capital to shareholders, supporting long-term stability.

Robust Balance Sheet

A strong balance sheet with low leverage enhances financial flexibility, enabling IDEX to navigate economic fluctuations and invest in strategic opportunities.

Successful Platform Optimization

Cost-saving initiatives improve operational efficiency and margins, providing a competitive edge and supporting long-term profitability.

Negative Factors

Lowered Financial Projections

Reduced financial projections signal potential revenue and profit challenges, impacting investor confidence and strategic planning.

Weakness in Key Segments

Weakness in key segments can hinder growth prospects and profitability, necessitating strategic adjustments to mitigate impact.

Order Volatility

Order volatility due to trade policies introduces revenue unpredictability, complicating supply chain and inventory management.

IDEX Business Overview & Revenue Model

Company Description

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, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers 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. IDEX Corporation was incorporated in 1987 and is headquartered in Northbrook, Illinois.

How the Company Makes Money

IDEX generates revenue through multiple key streams, primarily by selling a diverse portfolio of products and solutions across its various business segments. The company earns money through direct sales of its engineered products, including pumps, valves, and flow measurement devices, which are utilized in critical processes across various industries. Additionally, IDEX benefits from recurring revenue through maintenance and service contracts associated with its products. Significant partnerships with other industrial firms and suppliers enhance its market reach and product offerings, allowing IDEX to capitalize on emerging market trends. Furthermore, IDEX invests in research and development, which helps maintain its competitive edge and drive innovation, further contributing to its revenue growth.

IDEX Financial Statement Overview

Summary

IDEX is financially sound with strong profitability, a solid balance sheet, and stable cash flows. The company maintains low leverage and efficient capital use, though there is a slight decline in operating margins.

Income Statement

IDEX demonstrates strong profitability with consistent gross and net profit margins. The TTM data shows a slight revenue growth, indicating stability in revenue generation. However, the EBIT and EBITDA margins have slightly decreased over the TTM, suggesting some pressure on operating efficiency.

Balance Sheet

The balance sheet is robust with a very low debt-to-equity ratio in the TTM, indicating minimal leverage risk. The return on equity is solid, reflecting efficient use of equity capital. The equity ratio is healthy, showing a strong capital structure.

Cash Flow

IDEX has a strong operating cash flow to net income ratio, indicating good cash generation relative to earnings. The free cash flow growth in the TTM is positive, although slightly lower than previous periods, suggesting stable cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.34B	3.27B	3.27B	3.18B	2.76B	2.35B
Gross Profit	1.45B	1.52B	1.62B	1.59B	1.36B	1.16B
EBITDA	805.70M	859.40M	964.10M	909.80M	720.50M	604.60M
Net Income	469.40M	505.00M	596.10M	586.90M	449.40M	377.80M
Balance Sheet
Total Assets	6.88B	6.75B	5.87B	5.51B	4.92B	4.41B
Cash, Cash Equivalents and Short-Term Investments	568.20M	620.80M	534.30M	430.20M	900.70M	1.03B
Total Debt	800.00K	1.96B	1.45B	1.59B	1.30B	1.16B
Total Liabilities	2.87B	2.95B	2.32B	2.47B	2.11B	1.87B
Stockholders Equity	4.01B	3.79B	3.54B	3.04B	2.80B	2.54B
Cash Flow
Free Cash Flow	587.00M	603.00M	626.80M	489.40M	492.60M	517.70M
Operating Cash Flow	645.30M	668.10M	716.70M	557.40M	565.30M	569.30M
Investing Cash Flow	-1.04B	-1.01B	-283.80M	-917.20M	-698.10M	-172.60M
Financing Cash Flow	234.90M	465.90M	-344.70M	-37.80M	-9.50M	-42.60M

IDEX Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 167.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IEX, the sentiment is Neutral. The current price of 167 is above the 20-day moving average (MA) of 162.03, above the 50-day MA of 164.16, and below the 200-day MA of 181.98, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 58.71 is Neutral, neither overbought nor oversold. The STOCH value of 87.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IEX.

IDEX Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ITT	79 Outperform	$14.13B	28.48	20.17%	0.76%	6.69%	21.44%
NDSN	75 Outperform	$13.12B	29.34	15.59%	1.35%	4.49%	-3.33%
GGG	74 Outperform	$14.04B	30.05	19.62%	1.27%	0.75%	-2.74%
IEX	73 Outperform	$12.57B	26.96	12.25%	1.68%	4.73%	-19.15%
CR	70 Outperform	$10.35B	33.95	18.23%	0.50%	3.01%	27.13%
GNRC	69 Neutral	$9.72B	27.52	14.59%	―	9.69%	54.29%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

IDEX Corporate Events

IDEX Announces CFO Resignation and Interim Appointment

IDEX Corporation announced the resignation of its Senior Vice President and Chief Financial Officer, Abhishek Khandelwal, effective May 30, 2025. The company has appointed Akhil Mahendra as the interim CFO, who has been with IDEX for two years and previously worked at Rivian Automotive and Morgan Stanley. This transition is not due to any disagreements within the company, and an external search firm has been engaged to find a permanent replacement. The board has approved a restricted stock award for Mahendra, which will vest after three years, contingent on his continued service.