IDEX Stock Buy Hold or Sell Recommendation

IEX
 Stock
  

USD 237.49  6.43  2.78%   

Considering the 90-day investment horizon and your typical level of risk aversion, our recommendation regarding IDEX Corporation is 'Strong Buy'. Macroaxis provides IDEX buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding IDEX positions. The advice algorithm takes into account all of IDEX's available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from IDEX's buy-and-hold perspective. Please see IDEX Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as IDEX and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards IDEX Corporation.

Execute IDEX Buy or Sell Advice

The IDEX recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on IDEX Corporation. Macroaxis does not own or have any residual interests in IDEX Corporation or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute IDEX's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell IDEXBuy IDEX
Strong Buy

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Details

Financial Strenth (F Score)

Details

Financial Leverage

Inapplicable
Details

Reporting Quality (M-Score)

Details
For the selected time horizon IDEX Corporation has a Risk Adjusted Performance of 0.2155, Jensen Alpha of 0.171, Total Risk Alpha of 0.1586, Sortino Ratio of 0.1168 and Treynor Ratio of 0.2467
Macroaxis provides investment recommendation on IDEX to complement and cross-verify current analyst consensus on IDEX. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure IDEX Corporation is not overpriced, please check out all IDEX fundamentals, including its shares owned by institutions, cash per share, number of employees, as well as the relationship between the revenue and cash flow from operations . Given that IDEX has a price to book of 6.24 X, we strongly advise you to confirm IDEX market performance and probability of bankruptcy to ensure the company can sustain itself in the future given your regular risk tolerance and investing horizon.

IDEX Trading Alerts and Improvement Suggestions

IDEX has a poor financial position based on the latest SEC disclosures
Over 100.0% of the company shares are owned by institutional investors
On 28th of October 2022 IDEX paid $ 0.6 per share dividend to its current shareholders
Latest headline from news.google.com: Tetra Tech Wins Water and Sanitation Services Contract - Nasdaq

IDEX Returns Distribution Density

The distribution of IDEX's historical returns is an attempt to chart the uncertainty of IDEX's future price movements. The chart of the probability distribution of IDEX stock daily returns describes the distribution of returns around its average expected value. We use IDEX Corporation price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of IDEX returns is essential to provide solid investment advice for IDEX.
Mean Return0.24Value At Risk-2.34
Potential Upside3.14Standard Deviation1.69
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of IDEX historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

IDEX Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(37.85 M)(59.73 M)(50.9 M)(51.6 M)(72.7 M)(74.61 M)
Depreciation Amortization and Accretion84.22 M77.54 M76.9 M83.5 M103 M101.43 M
Net Cash Flow or Change in Cash and Cash Equivalents139.99 M90.46 M166.2 M393.3 M(170.5 M)(174.99 M)
Net Cash Flow Business Acquisitions and Disposals(16.37 M)(20.2 M)(87.2 M)(123.1 M)(581.6 M)(596.91 M)
Issuance Purchase of Equity Shares(6.14 M)(146.29 M)(15.9 M)(65.7 M)19.7 M21.26 M
Issuance Repayment of Debt Securities(167.62 M)(11.28 M)(50.1 M)187.2 M138 M148.89 M
Payment of Dividends and Other Cash Distributions(111.17 M)(127.48 M)(147.2 M)(151.8 M)(161.1 M)(173.82 M)
Net Cash Flow from Financing(277.42 M)(290.01 M)(227.59 M)(42.6 M)(9.5 M)(10.25 M)
Net Cash Flow from Investing(54.75 M)(81.43 M)(137.01 M)(172.58 M)(698.1 M)(716.47 M)
Net Cash Flow from Operations432.75 M479.35 M528.06 M569.27 M565.3 M467.08 M
Effect of Exchange Rate Changes on Cash39.4 M(17.45 M)2.7 M39.2 M(28.2 M)(28.94 M)
Share Based Compensation24.41 M24.75 M22.1 M14.8 M20.4 M20.2 M

IDEX Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to IDEX or Machinery sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that IDEX's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a IDEX stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over NYSE Composite
0.17
β
Beta against NYSE Composite0.95
σ
Overall volatility
1.72
Ir
Information ratio 0.1

IDEX Volatility Alert

IDEX Corporation has relatively low volatility with skewness of 0.41 and kurtosis of -0.06. However, we advise all investors to independently investigate IDEX Corporation to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure IDEX's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact IDEX's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

IDEX Fundamentals Vs Peers

Comparing IDEX's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze IDEX's direct or indirect competition across all of the common fundamentals between IDEX and the related equities. This way, we can detect undervalued stocks with similar characteristics as IDEX or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of IDEX's fundamental indicators could also be used in its relative valuation, which is a method of valuing IDEX by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare IDEX to competition
FundamentalsIDEXPeer Average
Return On Equity20.82 %(0.31) %
Return On Asset0.1 %(0.14) %
Profit Margin0.19 %(1.27) %
Operating Margin0.24 %(5.51) %
Current Valuation18.1 B16.62 B
Shares Outstanding75.42 M571.82 M
Shares Owned by Insiders0.32 %10.09 %
Shares Owned by Institutions99.68 %39.21 %
Number of Shares Shorted1.02 M4.71 M
Price to Earning32.37 X28.72 X
Price to Book6.24 X9.51 X
Price to Sales5.65 X11.42 X
Revenue2.76 B9.43 B
Gross Profit1.24 B27.38 B
EBITDA723.9 M3.9 B
Net Income449.4 M570.98 M
Cash and Equivalents855.4 M2.7 B
Cash per Share9.63 X5.01 X
Total Debt1.19 B5.32 B
Debt to Equity0.46 %48.70 %
Current Ratio3.23 X2.16 X
Book Value Per Share37.11 X1.93 K
Cash Flow from Operations565.3 M971.22 M
Short Ratio2.30 X4.00 X
Earnings Per Share7.56 X3.12 X
Price to Earnings To Growth2.09 X4.89 X
Target Price230.93
Number of Employees7.54 K18.84 K
Beta1.0-0.15
Market Capitalization17.43 B19.03 B
Total Asset4.92 B29.47 B
Retained Earnings2.29 B9.33 B
Working Capital553.09 M1.48 B
   Acquisition by Watts Stanfield Paris of 825 shares of Idex Corp subject to Rule 16b-3 [view details]

IDEX Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as IDEX . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About IDEX Buy or Sell Advice

When is the right time to buy or sell IDEX Corporation? Buying financial instruments such as IDEX Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Receivables298.19 M293.15 M356.4 M304.02 M
Inventories293.47 M289.91 M370.4 M305.12 M

Use Investing Ideas to Build Portfolios

In addition to having IDEX in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Obamacare Thematic Idea Now

Obamacare
Obamacare Theme
Health care services and providers including hospitals, clinics and nursing homes that hope to benefit from Obamacare program. The Obamacare theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Obamacare Theme or any other thematic opportunities.
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Please see IDEX Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the IDEX information on this page should be used as a complementary analysis to other IDEX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running IDEX price analysis, check to measure IDEX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IDEX is operating at the current time. Most of IDEX's value examination focuses on studying past and present price action to predict the probability of IDEX's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IDEX's price. Additionally, you may evaluate how the addition of IDEX to your portfolios can decrease your overall portfolio volatility.
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Is IDEX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IDEX. If investors know IDEX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.56
Market Capitalization
17.4 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.0954
Return On Equity
20.82
The market value of IDEX is measured differently than its book value, which is the value of IDEX that is recorded on the company's balance sheet. Investors also form their own opinion of IDEX's value that differs from its market value or its book value, called intrinsic value, which is IDEX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IDEX's market value can be influenced by many factors that don't directly affect IDEX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine IDEX value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDEX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.