IDEX Z Score

IEX
 Stock
  

USD 237.49  6.43  2.78%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please see IDEX Piotroski F Score and IDEX Valuation analysis.
  
Return on Invested Capital is likely to rise to 0.34 in 2022, whereas Capital Expenditure is likely to drop (74.6 M) in 2022. IDEX Interest Expense is fairly stable at the moment as compared to the past year. IDEX reported Interest Expense of 41 Million in 2021. Operating Expenses is likely to rise to about 614.7 M in 2022, whereas Direct Expenses is likely to drop slightly above 1.3 B in 2022.

IDEX Z Score Analysis

IDEX's Z-Score is a simple linear, multi-factor 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)
Receivables298.19 M293.15 M356.4 M304.02 M
Inventories293.47 M289.91 M370.4 M305.12 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

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.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

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.
To calculate Z-Score 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. Z-Score 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 Z-Scores 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 so-called '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.
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 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'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

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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Our tools can tell you how much better you can do entering a position in IDEX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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 pre-computed micro ideas to build optimal portfolio .

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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.