IEX

IDEX CorporationIndustrials / Specialty Industrial MachineryINTACT

IDEX Corporation, together with its subsidiaries, provides applied solutions in the United States, North America, Europe, Asia, and internationally. It operates through three segments: Health & Science Technologies (HST), Fluid & Metering Technologies (FMT) and Fire & Safety/Diversified Products (FSDP). The HST segment designs, produces, and distributes a range of precision fluidics, positive displacement pumps, powder and liquid processing technologies, drying systems, micro-precision components, pneumatic components and sealing solutions, high performance molded and extruded sealing components, and custom mechanical and shaft seals. This segment also offers engineered hygienic mixers and valves, biocompatible medical devices and implantable products, air compressors and blowers, optical components and coatings, ultra-precision diamond tools, and laboratory and commercial equipment, as well as precision photonic solutions, technical ceramics, hermetic sealing products, porous material structures, and flow control solutions. The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, other fluid-handling pump modules, and systems; and provides flow monitoring and other services. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, and rescue tools; lifting bags and other components and systems; engineered stainless steel banding and clamping devices; and precision equipment for dispensing, metering, and mixing colorants and paints. The company was incorporated in 1987 and is headquartered in Northbrook, Illinois.

Share Price
$224.04
52W: $158.19 - $243.8
DCF Fair Value
$165.64
-35.3% Premium
P/E (TTM)
32.2x
ROIC
16.7%
Operating Margin
22.2%
FCF Yield
3.4%
Debt / Equity
0.47x
Piotroski Score
9/9
Altman Z-Score
3.29
Market Cap
$16.5B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($165.64)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)
()
Period Range
$ - $
DCF Fair Value
$165.64
MOS Buy Target (-25%)
$124.23
Valuation Overlays:

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price
$224.04
DCF Fair Value
$164.28
-36.4% Premium
$556M
$100M$556M (Reported)$50,000M
11.1%
-5%10% (Target)35%
4.5%
0%5%20%
9.0%
6%9% (Standard)15% (High Risk)
2.5%
1% (GDP Floor)2.5% (Inflation)4.0%
$1,300M
-$100B CashBalance Sheet+$150B Debt
10-Yr PV of Cash Flows
$5.6B
PV of Terminal Value
$7.8B
Implied Enterprise Value
$13.5B
Implied Equity Value
$12.2B
YearYr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10
Projected FCF ($M)$618$686$762$847$941$983$1,028$1,074$1,122$1,173
Present Value (PV)$567$578$589$600$612$586$562$539$517$495

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-143.4% Premium
$92.03

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $6.95BVPS: $54.16
Revised Graham Formula-39.5% Premium
$160.55

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Buffett Owner Earnings3.2% Yield
$7.14 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $0.5BYield: 3.2%

Reverse DCF: Market Growth Expectation

FAIR BARRIER
10.9% CAGR (Next 10 Yrs)

At the current price of $224.04, the market is assuming the business will compound Free Cash Flow at 10.9% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict
ℹ Fair expectations: Requires steady execution.
Autonomous Thesis Underwriting

Surveil IEX with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for IDEX Corporation. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 22.2% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Frequently Asked Questions: IDEX Corporation (IEX) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for IDEX Corporation.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, IDEX Corporation has an estimated DCF intrinsic fair value of $165.64 per share compared to its current market price of $224.04. This represents an estimated 35.3% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $92.03.

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