IDEX Financials
| IEX Stock | USD 220.60 3.28 1.47% |
With this module, you can analyze IDEX financials for your investing period. You should be able to track the changes in IDEX individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
IDEX |
Understanding current and past IDEX Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of IDEX's financial statements are interrelated, with each one affecting the others. For example, an increase in IDEX's assets may result in an increase in income on the income statement.
The data published in IDEX's official financial statements usually reflect IDEX's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of IDEX. For example, before you start analyzing numbers published by IDEX accountants, it's critical to develop an understanding of what IDEX's liquidity, profitability, and earnings quality are in the context of the Machinery space in which it operates.
Please note, the presentation of IDEX's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, IDEX's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in IDEX's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of IDEX Corporation. Please utilize our Beneish M Score to check the likelihood of IDEX's management manipulating its earnings.
IDEX Stock Summary
IDEX competes with Flowserve, Donaldson, Ingersoll Rand, Franklin Electric, and Watts Water. 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.Specialization | Industrials, Specialty Industrial Machinery |
| Instrument | USA Stock View All |
| Exchange | New York Stock Exchange |
| ISIN | US45167R1041 |
| CUSIP | 45167R104 |
| Location | Illinois; U.S.A |
| Business Address | 3100 Sanders Road, |
| Sector | Machinery |
| Industry | Industrials |
| Benchmark | NYSE Composite |
| Website | www.idexcorp.com |
| Phone | 847 498 7070 |
| Currency | USD - US Dollar |
You should never invest in IDEX without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of IDEX Stock, because this is throwing your money away. Analyzing the key information contained in IDEX's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
IDEX Key Financial Ratios
Generally speaking, IDEX's financial ratios allow both analysts and investors to convert raw data from IDEX's financial statements into concise, actionable information that can be used to evaluate the performance of IDEX over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that IDEX reports annually and quarterly.| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0786 | ||||
| Target Price | 242.26 |
IDEX Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining IDEX's current stock value. Our valuation model uses many indicators to compare IDEX value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across IDEX competition to find correlations between indicators driving IDEX's intrinsic value. More Info.IDEX Corporation is rated below average in return on equity category among related companies. It is rated below average in return on asset category among related companies reporting about 0.47 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for IDEX Corporation is roughly 2.15 . Comparative valuation analysis is a catch-all model that can be used if you cannot value IDEX by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for IDEX's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the IDEX's earnings, one of the primary drivers of an investment's value.IDEX Systematic Risk
IDEX's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. IDEX volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on IDEX correlated with the market. If Beta is less than 0 IDEX generally moves in the opposite direction as compared to the market. If IDEX Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one IDEX is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of IDEX is generally in the same direction as the market. If Beta > 1 IDEX moves generally in the same direction as, but more than the movement of the benchmark.
About IDEX Financials
What exactly are IDEX Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include IDEX's income statement, its balance sheet, and the statement of cash flows. Potential IDEX investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although IDEX investors may use each financial statement separately, they are all related. The changes in IDEX's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on IDEX's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze IDEX Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as IDEX is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of IDEX has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if IDEX's financials are consistent with your investment objective using the following steps:- Review IDEX's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand IDEX's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare IDEX's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if IDEX's stock is overvalued or undervalued.
IDEX Thematic Clasifications
IDEX Corporation is part of Machinery investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Machinery industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Machinery industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
| Machinery | View |
IDEX May 1, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of IDEX help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of IDEX Corporation. We use our internally-developed statistical techniques to arrive at the intrinsic value of IDEX Corporation based on widely used predictive technical indicators. In general, we focus on analyzing IDEX Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build IDEX's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.06 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.35 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.51 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. 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 the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for IDEX Stock analysis
When running IDEX's 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 the 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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| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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.
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 if IDEX is a good investment 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.