Idex Corporation Stock Intrinsic Value – IDEX CORPORATION Reports Second Quarter Fiscal Year 2023 Earnings Results on July 27 2023
July 29, 2023
🌥️Earnings Overview
IDEX CORPORATION ($NYSE:IEX) released their fiscal year 2023 second quarter earnings results on July 27 2023, with a total revenue of USD 846.2 million, representing an increase of 6.3% from the same quarter of the previous year. Net income came in at USD 138.6 million, up 0.3% from the same period in the prior year.
Stock Price
The stock opened the day at $210.1 and closed at $218.8, a 3.2% increase from its prior closing price of $212.0. This news came as a pleasant surprise to investors who have been monitoring the company’s growth while simultaneously keeping an eye on its quarterly and annual reports. These results indicate that IDEX CORPORATION is well-positioned to continue achieving strong financial performance in the coming quarters.
The company has demonstrated a commitment to its customers and shareholders by focusing on operational efficiency and creating innovative products and services. With a strong balance sheet and a talented management team, IDEX CORPORATION is well-positioned to capitalize on new opportunities and turn them into long-term value creation for its stakeholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Idex Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 3.33k | 587.1 | 17.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Idex Corporation. More…
| Operations | Investing | Financing |
| 654.5 | -833.7 | 67.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Idex Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.72k | 2.44k | 43.31 |
Key Ratios Snapshot
Some of the financial key ratios for Idex Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 13.0% | 24.0% |
| FCF Margin | ROE | ROA |
| 17.1% | 15.3% | 8.7% |
Analysis – Idex Corporation Stock Intrinsic Value
At GoodWhale, we analyze the financials of IDEX Corporation to assess their intrinsic value. According to our proprietary Valuation Line, the intrinsic value of IDEX Corporation share is around $246.7. Meanwhile, the stock is trading at $218.8. This indicates that the stock is currently undervalued by 11.3%. In conclusion, IDEX Corporation is an attractive buy for those looking to diversify their portfolio. More…
Peers
Its competitors include Crane Co, Evoqua Water Technologies Corp, Pentair PLC. IDEX Corp has a strong portfolio of products and services and is constantly innovating to stay ahead of the competition.
– Crane Co ($NYSE:CR)
Crane Co is a diversified industrial manufacturing company. It has a market cap of 5.58B as of 2022 and a ROE of 25.73%. The company operates in four segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, and Fluid Handling. Crane Co’s products are used in a variety of industries, including aerospace, defense, infrastructure, and industrial end markets.
– Evoqua Water Technologies Corp ($NYSE:AQUA)
Evoqua Water Technologies Corp is a water treatment company that provides solutions for water and wastewater treatment, desalination, and water reuse. It has a market cap of 4.24B as of 2022 and a Return on Equity of 9.96%. The company serves a variety of industries, including municipal, industrial, commercial, and institutional.
– Pentair PLC ($NYSE:PNR)
Pentair PLC is a diversified industrial company with a market cap of $6.52 billion as of 2022. The company has a return on equity of 16.22%. Pentair PLC is involved in the design, manufacture, and distribution of products and solutions for the global water and fluid management industries. The company’s products include pumps, valves, filters, and controls for residential, commercial, and industrial applications. Pentair PLC also provides water and wastewater treatment solutions for municipalities and industries.
Summary
IDEX CORPORATION released their second quarter earnings results on July 27 2023, with total revenue increasing by 6.3% compared to the same quarter of the previous year, and an increase of 0.3% in net income year-over-year. This positive news was reflected in their stock price, which rose the same day. Investors should take notice of the growth and stability of IDEX CORPORATION, which is evidenced by this latest earnings report.
Additionally, the low net income growth is still a sign of strong fiscal management. It is likely that stock prices will continue to increase as IDEX CORPORATION continues to produce positive results.
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