IDEX Corporation is an applied solutions company specializing in fluid and metering technologies, health and science technologies, and fire, safety and other diversified products. The company was founded in 1987 and is based in Lake Forest, Illinois.
IEX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Idex Corp. To summarize, we found that Idex Corp ranked in the 28th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 55.67%. The most interesting components of our discounted cash flow analysis for Idex Corp ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 93. Notably, its equity weight is greater than 85.86% of US equities in the Industrials sector yielding a positive free cash flow.
The business' balance sheet suggests that 7% of the company's capital is sourced from debt; this is greater than just 17.62% of the free cash flow producing stocks we're observing.
IEX's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 41.57% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Idex Corp? See ADP, HEI, MOG.A, VRSK, and VSEC.
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LAKE FOREST, Ill.--(BUSINESS WIRE)--IDEX CORPORATION (NYSE:IEX) announced today that it has scheduled the broadcast of the company’s third quarter earnings conference call over the Internet on Wednesday, October 28, 2020 at 9:30 a.m. CT. Chairman and Chief Executive Officer Andrew Silvernail and Senior Vice President and Chief Financial Officer, William Grogan will discuss the company’s third quarter 2020 financial performance and respond to questions from the financial community. IDEX invites
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NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Ideanomics, Inc. ("IDEX" or the "Company") (NASDAQ: IDEX) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Ideanomics securities between March 20, 2020 and June 25, 2020, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/idex. This class