IDEX Z Score
IEX  Stock  USD 237.49 6.43 2.78% 
IDEX  Z Score 
IDEX Z Score Analysis
IDEX's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..2019  2020  2021  2022 (projected)  
Receivables  298.19 M  293.15 M  356.4 M  304.02 M 
Inventories  293.47 M  289.91 M  370.4 M  305.12 M 
Z Score  =  Sum Of   5 Factors 
Current IDEX Z Score  8.2 
Most of IDEX's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, IDEX Corporation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

IDEX Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for IDEX is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since IDEX's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of IDEX's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of IDEX's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition 
According to the company's disclosures, IDEX Corporation has a Z Score of 8.2. This is 101.47% higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The z score for all United States stocks is 5.96% higher than that of the company.
IDEX Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IDEX's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of IDEX could also be used in its relative valuation, which is a method of valuing IDEX by comparing valuation metrics of similar companies.IDEX is currently under evaluation in z score category among related companies.
IDEX Current Valuation Drivers
We derive many important indicators used in calculating different scores of IDEX from analyzing IDEX's financial statements. These drivers represent accounts that assess IDEX's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of IDEX's important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  47.06 K  55.84 K  57.2 K  53.25 K  59.63 K  48.65 K  
Revenue Per Employee  319.14 K  337.82 K  335.34 K  331.48 K  366.88 K  323.41 K  
Average Assets  3.28 B  3.5 B  3.68 B  4.16 B  4.75 B  4.44 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  546.06 M  611.57 M  614.58 M  556.93 M  677.2 M  554.51 M  
Earnings Before Interest Taxes and Depreciation Amortization USD  584.38 M  650.62 M  654.1 M  598.6 M  723.9 M  685.89 M  
Earnings before Tax  455.27 M  528.94 M  532.9 M  470.3 M  579.9 M  538.57 M  
Average Equity  1.77 B  2.02 B  2.15 B  2.36 B  2.7 B  2.48 B  
Enterprise Value  10.65 B  10.04 B  13.42 B  15.25 B  18.35 B  15.07 B  
Free Cash Flow  394.91 M  419.62 M  477.2 M  517.7 M  492.6 M  478.12 M  
Invested Capital  1.4 B  1.41 B  1.5 B  1.72 B  2.01 B  1.9 B  
Invested Capital Average  1.47 B  1.45 B  1.52 B  1.72 B  1.93 B  1.87 B  
Market Capitalization  10.08 B  9.69 B  13.08 B  15.08 B  17.97 B  14.6 B  
Tangible Asset Value  1.28 B  1.39 B  1.65 B  2.1 B  2.15 B  1.95 B  
Working Capital  643.07 M  727.87 M  903.57 M  1.26 B  1.2 B  1.07 B 
IDEX ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower socialengagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, IDEX's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to IDEX's managers, analysts, and investors.Environment Score  Governance Score  Social Score 
IDEX Fundamentals
Return On Equity  20.82 %  
Return On Asset  0.1 %  
Profit Margin  0.19 %  
Operating Margin  0.24 %  
Current Valuation  18.1 B  
Shares Outstanding  75.42 M  
Shares Owned by Insiders  0.32 %  
Shares Owned by Institutions  99.68 %  
Number of Shares Shorted  1.02 M  
Price to Earning  32.37 X  
Price to Book  6.24 X  
Price to Sales  5.65 X  
Revenue  2.76 B  
Gross Profit  1.24 B  
EBITDA  723.9 M  
Net Income  449.4 M  
Cash and Equivalents  855.4 M  
Cash per Share  9.63 X  
Total Debt  1.19 B  
Debt to Equity  0.46 %  
Current Ratio  3.23 X  
Book Value Per Share  37.11 X  
Cash Flow from Operations  565.3 M  
Short Ratio  2.30 X  
Earnings Per Share  7.56 X  
Price to Earnings To Growth  2.09 X  
Target Price  230.93  
Number of Employees  7.54 K  
Beta  1.0  
Market Capitalization  17.43 B  
Total Asset  4.92 B  
Retained Earnings  2.29 B  
Working Capital  553.09 M  
Current Asset  862.68 M  
Current Liabilities  309.6 M  
Z Score  8.2  
Annual Yield  0.0104 %  
Five Year Return  1.11 %  
Net Asset  4.92 B  
Last Dividend Paid  2.34 
About IDEX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze IDEX Corporation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IDEX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IDEX Corporation 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 Piotroski F Score and IDEX Valuation analysis. 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 Idea Optimizer module to use advanced portfolio builder with precomputed micro ideas to build optimal portfolio .
Complementary Tools for IDEX Stock analysis
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.