Idex Corp Piotroski F Score

IEX
 Stock
  

USD 231.06  0.77  0.33%   

This module uses fundamental data of Idex Corp to approximate its Piotroski F score. Idex Corp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Idex Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Idex Corp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please see Idex Corp Altman Z Score, Idex Corp Correlation, Idex Corp Valuation, as well as analyze Idex Corp Alpha and Beta and Idex Corp Hype Analysis.
  
Idex Corp Debt Current is fairly stable at the moment as compared to the past year. Idex Corp reported Debt Current of 90,000 in 2021. Issuance Repayment of Debt Securities is likely to rise to about 148.9 M in 2022, whereas Total Debt is likely to drop slightly above 1.1 B in 2022. Idex Corp Dividend Yield is fairly stable at the moment as compared to the past year. Idex Corp reported Dividend Yield of 0.009 in 2021. Payout Ratio is likely to rise to 0.38 in 2022, whereas Interest Coverage is likely to drop 12.81 in 2022.
At this time, it appears that Idex Corp's Piotroski F Score is Poor. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
4.0
Piotroski F Score - Poor
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeDecreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

Idex Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Idex Corp is to make sure Idex Corp is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Idex Corp's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Idex Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted92.1 M87.9 M
Sufficiently Up
Increasing
Stable
Weighted Average Shares85.3 M76 M
Moderately Up
Decreasing
Slightly volatile
Return on Average Assets8.89.6318
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations467.1 M565.3 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities400 M480 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities1.7 B2.1 B
Significantly Down
Increasing
Slightly volatile
Gross Margin41.644.2889
Notably Down
Increasing
Slightly volatile
Total Debt1.1 B1.2 B
Sufficiently Down
Increasing
Slightly volatile
Asset Turnover0.710.5926
Fairly Up
Decreasing
Slightly volatile
Current Assets1.3 B1.7 B
Significantly Down
Increasing
Slightly volatile
Total AssetsB4.9 B
Significantly Down
Increasing
Slightly volatile

Idex Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Idex Corp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Idex Corp in a much-optimized way.

About Idex Corp Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

85.32 Million

Idex Corp Weighted Average Shares is fairly stable at the moment as compared to the past year. Idex Corp reported Weighted Average Shares of 76 Million in 2021

Idex Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Idex Corp from analyzing Idex Corp's financial statements. These drivers represent accounts that assess Idex Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Idex Corp's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee47.06 K55.84 K57.2 K53.25 K59.63 K48.65 K
Revenue Per Employee319.14 K337.82 K335.34 K331.48 K366.88 K323.41 K
Average Assets3.28 B3.5 B3.68 B4.16 B4.75 B4.44 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA546.06 M611.57 M614.58 M556.93 M677.2 M554.51 M
Earnings Before Interest Taxes and Depreciation Amortization USD584.38 M650.62 M654.1 M598.6 M723.9 M685.89 M
Earnings before Tax455.27 M528.94 M532.9 M470.3 M579.9 M538.57 M
Average Equity1.77 B2.02 B2.15 B2.36 B2.7 B2.48 B
Enterprise Value10.65 B10.04 B13.42 B15.25 B18.35 B15.07 B
Free Cash Flow394.91 M419.62 M477.2 M517.7 M492.6 M478.12 M
Invested Capital1.4 B1.41 B1.5 B1.72 B2.01 B1.9 B
Invested Capital Average1.47 B1.45 B1.52 B1.72 B1.93 B1.87 B
Market Capitalization10.08 B9.69 B13.08 B15.08 B17.97 B14.6 B
Tangible Asset Value1.28 B1.39 B1.65 B2.1 B2.15 B1.95 B
Working Capital643.07 M727.87 M903.57 M1.26 B1.2 B1.07 B

Idex Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Idex Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Idex Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

About Idex Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Idex Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Idex Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Idex Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. IDEX Corporation was incorporated in 1987 and is headquartered in Northbrook, Illinois. Idex Corp operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. It employs 7536 people.

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Please see Idex Corp Altman Z Score, Idex Corp Correlation, Idex Corp Valuation, as well as analyze Idex Corp Alpha and Beta and Idex Corp Hype Analysis. Note that the Idex Corp information on this page should be used as a complementary analysis to other Idex Corp'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Idex Corp price analysis, check to measure Idex Corp'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 Corp is operating at the current time. Most of Idex Corp's value examination focuses on studying past and present price action to predict the probability of Idex Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Idex Corp's price. Additionally, you may evaluate how the addition of Idex Corp to your portfolios can decrease your overall portfolio volatility.
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Is Idex Corp'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 Corp. If investors know Idex Corp 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 Corp 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
17.5 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.0954
Return On Equity
0.21
The market value of Idex Corp is measured differently than its book value, which is the value of Idex Corp that is recorded on the company's balance sheet. Investors also form their own opinion of Idex Corp's value that differs from its market value or its book value, called intrinsic value, which is Idex Corp'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 Corp's market value can be influenced by many factors that don't directly affect Idex Corp'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 Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Idex Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Idex Corp'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.