Intrinsic value of IDEX - IEX

Previous Close

$140.04

  Intrinsic Value

$136.44

stock screener

  Rating & Target

hold

-3%

Previous close

$140.04

 
Intrinsic value

$136.44

 
Up/down potential

-3%

 
Rating

hold

We calculate the intrinsic value of IEX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 10.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.30
  7.97
  7.67
  7.41
  7.17
  6.95
  6.75
  6.58
  6.42
  6.28
  6.15
  6.04
  5.93
  5.84
  5.75
  5.68
  5.61
  5.55
  5.50
  5.45
  5.40
  5.36
  5.32
  5.29
  5.26
  5.24
  5.21
  5.19
  5.17
  5.16
Revenue, $m
  2,477
  2,674
  2,879
  3,093
  3,314
  3,545
  3,784
  4,033
  4,292
  4,561
  4,842
  5,134
  5,439
  5,756
  6,087
  6,433
  6,794
  7,171
  7,565
  7,977
  8,408
  8,859
  9,331
  9,824
  10,342
  10,883
  11,450
  12,045
  12,668
  13,321
Variable operating expenses, $m
  1,179
  1,256
  1,336
  1,419
  1,506
  1,595
  1,689
  1,786
  1,887
  1,992
  1,890
  2,004
  2,123
  2,247
  2,376
  2,511
  2,652
  2,799
  2,953
  3,114
  3,282
  3,458
  3,642
  3,835
  4,037
  4,248
  4,470
  4,702
  4,945
  5,200
Fixed operating expenses, $m
  711
  727
  743
  759
  776
  793
  811
  828
  847
  865
  884
  904
  924
  944
  965
  986
  1,008
  1,030
  1,052
  1,076
  1,099
  1,123
  1,148
  1,173
  1,199
  1,226
  1,253
  1,280
  1,308
  1,337
Total operating expenses, $m
  1,890
  1,983
  2,079
  2,178
  2,282
  2,388
  2,500
  2,614
  2,734
  2,857
  2,774
  2,908
  3,047
  3,191
  3,341
  3,497
  3,660
  3,829
  4,005
  4,190
  4,381
  4,581
  4,790
  5,008
  5,236
  5,474
  5,723
  5,982
  6,253
  6,537
Operating income, $m
  587
  691
  801
  914
  1,033
  1,156
  1,284
  1,418
  1,558
  1,704
  2,068
  2,226
  2,392
  2,565
  2,747
  2,936
  3,134
  3,342
  3,560
  3,788
  4,027
  4,277
  4,540
  4,816
  5,106
  5,409
  5,728
  6,063
  6,415
  6,784
EBITDA, $m
  1,053
  1,178
  1,308
  1,443
  1,585
  1,732
  1,885
  2,044
  2,210
  2,384
  2,564
  2,753
  2,950
  3,156
  3,371
  3,596
  3,832
  4,078
  4,336
  4,606
  4,890
  5,186
  5,498
  5,824
  6,167
  6,526
  6,903
  7,299
  7,715
  8,151
Interest expense (income), $m
  37
  46
  53
  60
  68
  75
  83
  91
  100
  109
  118
  128
  138
  148
  159
  170
  182
  194
  207
  221
  235
  250
  265
  281
  298
  316
  334
  353
  374
  395
  417
Earnings before tax, $m
  540
  638
  740
  847
  958
  1,073
  1,193
  1,319
  1,449
  1,586
  1,940
  2,089
  2,244
  2,406
  2,576
  2,754
  2,940
  3,135
  3,339
  3,553
  3,777
  4,013
  4,259
  4,518
  4,790
  5,075
  5,375
  5,690
  6,020
  6,367
Tax expense, $m
  146
  172
  200
  229
  259
  290
  322
  356
  391
  428
  524
  564
  606
  650
  696
  744
  794
  846
  902
  959
  1,020
  1,083
  1,150
  1,220
  1,293
  1,370
  1,451
  1,536
  1,625
  1,719
Net income, $m
  395
  466
  540
  618
  699
  783
  871
  963
  1,058
  1,158
  1,416
  1,525
  1,638
  1,757
  1,881
  2,010
  2,146
  2,288
  2,438
  2,594
  2,757
  2,929
  3,109
  3,298
  3,497
  3,705
  3,924
  4,153
  4,395
  4,648

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,664
  3,956
  4,259
  4,575
  4,903
  5,243
  5,598
  5,966
  6,349
  6,747
  7,162
  7,595
  8,045
  8,515
  9,005
  9,516
  10,050
  10,608
  11,191
  11,801
  12,438
  13,105
  13,803
  14,533
  15,298
  16,099
  16,939
  17,818
  18,740
  19,706
Adjusted assets (=assets-cash), $m
  3,664
  3,956
  4,259
  4,575
  4,903
  5,243
  5,598
  5,966
  6,349
  6,747
  7,162
  7,595
  8,045
  8,515
  9,005
  9,516
  10,050
  10,608
  11,191
  11,801
  12,438
  13,105
  13,803
  14,533
  15,298
  16,099
  16,939
  17,818
  18,740
  19,706
Revenue / Adjusted assets
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
  0.676
Average production assets, $m
  2,541
  2,744
  2,954
  3,173
  3,400
  3,637
  3,882
  4,138
  4,403
  4,680
  4,968
  5,268
  5,580
  5,906
  6,246
  6,600
  6,971
  7,358
  7,762
  8,185
  8,627
  9,089
  9,573
  10,080
  10,610
  11,166
  11,748
  12,358
  12,997
  13,667
Working capital, $m
  121
  131
  141
  152
  162
  174
  185
  198
  210
  224
  237
  252
  266
  282
  298
  315
  333
  351
  371
  391
  412
  434
  457
  481
  507
  533
  561
  590
  621
  653
Total debt, $m
  984
  1,115
  1,250
  1,391
  1,538
  1,690
  1,849
  2,013
  2,184
  2,363
  2,548
  2,741
  2,943
  3,153
  3,372
  3,600
  3,839
  4,088
  4,349
  4,621
  4,906
  5,204
  5,516
  5,843
  6,185
  6,543
  6,918
  7,311
  7,723
  8,155
Total liabilities, $m
  1,638
  1,768
  1,904
  2,045
  2,192
  2,344
  2,502
  2,667
  2,838
  3,016
  3,202
  3,395
  3,596
  3,806
  4,025
  4,254
  4,493
  4,742
  5,002
  5,275
  5,560
  5,858
  6,170
  6,496
  6,838
  7,196
  7,572
  7,965
  8,377
  8,808
Total equity, $m
  2,026
  2,188
  2,355
  2,530
  2,711
  2,900
  3,095
  3,299
  3,511
  3,731
  3,961
  4,200
  4,449
  4,709
  4,980
  5,263
  5,558
  5,866
  6,189
  6,526
  6,878
  7,247
  7,633
  8,037
  8,460
  8,903
  9,367
  9,853
  10,363
  10,897
Total liabilities and equity, $m
  3,664
  3,956
  4,259
  4,575
  4,903
  5,244
  5,597
  5,966
  6,349
  6,747
  7,163
  7,595
  8,045
  8,515
  9,005
  9,517
  10,051
  10,608
  11,191
  11,801
  12,438
  13,105
  13,803
  14,533
  15,298
  16,099
  16,939
  17,818
  18,740
  19,705
Debt-to-equity ratio
  0.490
  0.510
  0.530
  0.550
  0.570
  0.580
  0.600
  0.610
  0.620
  0.630
  0.640
  0.650
  0.660
  0.670
  0.680
  0.680
  0.690
  0.700
  0.700
  0.710
  0.710
  0.720
  0.720
  0.730
  0.730
  0.730
  0.740
  0.740
  0.750
  0.750
Adjusted equity ratio
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553
  0.553

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  395
  466
  540
  618
  699
  783
  871
  963
  1,058
  1,158
  1,416
  1,525
  1,638
  1,757
  1,881
  2,010
  2,146
  2,288
  2,438
  2,594
  2,757
  2,929
  3,109
  3,298
  3,497
  3,705
  3,924
  4,153
  4,395
  4,648
Depreciation, amort., depletion, $m
  466
  486
  507
  529
  552
  576
  600
  626
  652
  680
  497
  527
  558
  591
  625
  660
  697
  736
  776
  818
  863
  909
  957
  1,008
  1,061
  1,117
  1,175
  1,236
  1,300
  1,367
Funds from operations, $m
  861
  952
  1,048
  1,147
  1,251
  1,359
  1,471
  1,588
  1,710
  1,837
  1,913
  2,051
  2,196
  2,347
  2,505
  2,670
  2,843
  3,024
  3,214
  3,412
  3,620
  3,838
  4,067
  4,306
  4,558
  4,822
  5,099
  5,389
  5,694
  6,015
Change in working capital, $m
  9
  10
  10
  10
  11
  11
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  18
  19
  20
  21
  22
  23
  24
  25
  27
  28
  29
  31
  32
Cash from operations, $m
  851
  943
  1,038
  1,137
  1,240
  1,348
  1,459
  1,576
  1,698
  1,824
  1,899
  2,037
  2,181
  2,332
  2,489
  2,654
  2,826
  3,006
  3,194
  3,392
  3,599
  3,816
  4,044
  4,282
  4,532
  4,795
  5,071
  5,360
  5,664
  5,983
Maintenance CAPEX, $m
  -235
  -254
  -274
  -295
  -317
  -340
  -364
  -388
  -414
  -440
  -468
  -497
  -527
  -558
  -591
  -625
  -660
  -697
  -736
  -776
  -818
  -863
  -909
  -957
  -1,008
  -1,061
  -1,117
  -1,175
  -1,236
  -1,300
New CAPEX, $m
  -195
  -203
  -211
  -219
  -227
  -236
  -246
  -255
  -266
  -276
  -288
  -300
  -312
  -326
  -340
  -355
  -370
  -387
  -404
  -423
  -442
  -462
  -484
  -507
  -531
  -556
  -582
  -610
  -639
  -670
Cash from investing activities, $m
  -430
  -457
  -485
  -514
  -544
  -576
  -610
  -643
  -680
  -716
  -756
  -797
  -839
  -884
  -931
  -980
  -1,030
  -1,084
  -1,140
  -1,199
  -1,260
  -1,325
  -1,393
  -1,464
  -1,539
  -1,617
  -1,699
  -1,785
  -1,875
  -1,970
Free cash flow, $m
  422
  486
  553
  623
  695
  771
  850
  932
  1,018
  1,107
  1,143
  1,241
  1,342
  1,448
  1,559
  1,674
  1,795
  1,922
  2,054
  2,193
  2,338
  2,491
  2,651
  2,818
  2,994
  3,178
  3,372
  3,575
  3,789
  4,013
Issuance/(repayment) of debt, $m
  125
  131
  136
  141
  147
  152
  158
  165
  171
  178
  186
  193
  201
  210
  219
  229
  239
  249
  261
  272
  285
  298
  312
  327
  342
  358
  375
  393
  412
  432
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  125
  131
  136
  141
  147
  152
  158
  165
  171
  178
  186
  193
  201
  210
  219
  229
  239
  249
  261
  272
  285
  298
  312
  327
  342
  358
  375
  393
  412
  432
Total cash flow (excl. dividends), $m
  547
  616
  689
  764
  842
  923
  1,008
  1,097
  1,189
  1,286
  1,329
  1,434
  1,543
  1,658
  1,778
  1,903
  2,034
  2,171
  2,315
  2,465
  2,623
  2,789
  2,963
  3,145
  3,336
  3,537
  3,747
  3,968
  4,201
  4,445
Retained Cash Flow (-), $m
  -154
  -161
  -168
  -174
  -181
  -188
  -196
  -204
  -212
  -220
  -229
  -239
  -249
  -260
  -271
  -283
  -295
  -308
  -322
  -337
  -352
  -369
  -386
  -404
  -423
  -443
  -464
  -486
  -510
  -534
Prev. year cash balance distribution, $m
  15
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  25
  27
  29
  32
  34
  36
  39
  42
  44
  47
  50
  53
  56
  60
  63
  67
  71
  75
  79
  83
  88
  92
  97
  103
  108
  114
  120
  126
  132
  139
Cash available for distribution, $m
  408
  455
  521
  589
  661
  735
  813
  893
  978
  1,065
  1,099
  1,195
  1,294
  1,398
  1,507
  1,620
  1,739
  1,863
  1,993
  2,128
  2,271
  2,420
  2,577
  2,741
  2,913
  3,094
  3,283
  3,482
  3,691
  3,911
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  391
  417
  453
  485
  512
  533
  549
  558
  562
  558
  522
  510
  492
  469
  442
  412
  378
  343
  307
  270
  235
  201
  169
  140
  113
  90
  70
  54
  40
  29
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP). With its segments, as of December 31, 2016, the Company maintained 13 platforms, where it focused on growth and acquisitions. The Company's FMT segment provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural and energy industries. The HST segment designs, produces and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems. Its FSDP segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems; engineered stainless steel banding and clamping devices, and precision equipment.

FINANCIAL RATIOS  of  IDEX (IEX)

Valuation Ratios
P/E Ratio 39.5
Price to Sales 5.1
Price to Book 6.9
Price to Tangible Book
Price to Cash Flow 26.8
Price to Free Cash Flow 29.6
Growth Rates
Sales Growth Rate 4.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -13.6%
Cap. Spend. - 3 Yr. Gr. Rate 3.5%
Financial Strength
Quick Ratio 236
Current Ratio 0.2
LT Debt to Equity 65.7%
Total Debt to Equity 65.7%
Interest Coverage 11
Management Effectiveness
Return On Assets 10%
Ret/ On Assets - 3 Yr. Avg. 10.4%
Return On Total Capital 11.2%
Ret/ On T. Cap. - 3 Yr. Avg. 11.8%
Return On Equity 18.1%
Return On Equity - 3 Yr. Avg. 18.6%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 44.1%
Gross Margin - 3 Yr. Avg. 44.3%
EBITDA Margin 23.3%
EBITDA Margin - 3 Yr. Avg. 23.9%
Operating Margin 19.2%
Oper. Margin - 3 Yr. Avg. 20.2%
Pre-Tax Margin 17.5%
Pre-Tax Margin - 3 Yr. Avg. 18.4%
Net Profit Margin 12.8%
Net Profit Margin - 3 Yr. Avg. 13.3%
Effective Tax Rate 26.6%
Eff/ Tax Rate - 3 Yr. Avg. 27.7%
Payout Ratio 38%

IEX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the IEX stock intrinsic value calculation we used $2287 million for the last fiscal year's total revenue generated by IDEX. The default revenue input number comes from 2017 income statement of IDEX. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our IEX stock valuation model: a) initial revenue growth rate of 8.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for IEX is calculated based on our internal credit rating of IDEX, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of IDEX.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of IEX stock the variable cost ratio is equal to 48.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $696 million in the base year in the intrinsic value calculation for IEX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for IDEX.

Corporate tax rate of 27% is the nominal tax rate for IDEX. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the IEX stock is equal to 1.1%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for IEX are equal to 102.6%.

Life of production assets of 10 years is the average useful life of capital assets used in IDEX operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for IEX is equal to 4.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1887 million for IDEX - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 76 million for IDEX is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of IDEX at the current share price and the inputted number of shares is $10.6 billion.

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COMPANY NEWS

▶ IDEX Corporation Declares Regular Quarterly Cash Dividend   [Jun-19-18 03:51PM  Business Wire]
▶ Is It Time To Buy IDEX Corporation (NYSE:IEX)?   [May-10-18 02:35PM  Simply Wall St.]
▶ IDEX Corporation to Host Earnings Call   [08:30AM  ACCESSWIRE]
▶ Idex: 1Q Earnings Snapshot   [07:16AM  Associated Press]
▶ IDEX Fire & Safety Unites Brands   [04:29PM  PR Newswire]
▶ IDEX Corporation to Host Earnings Call   [08:15AM  ACCESSWIRE]
▶ Idex beats Street 4Q forecasts   [Jan-29-18 05:51PM  Associated Press]
▶ A Preview Of Idex's Q4 Earnings   [11:20AM  Benzinga]
▶ Is It The Right Time To Buy IDEX Corporation (NYSE:IEX)?   [Jan-07-18 07:18PM  Simply Wall St.]
▶ IDEX Corporation to Acquire thinXXS Microtechnology AG   [Dec-11-17 09:30AM  Business Wire]
▶ IDEX Corporation Declares Regular Quarterly Cash Dividend   [Dec-04-17 04:00PM  Business Wire]
▶ IDEX Corporation (IEX): Immense Growth Potential?   [Dec-01-17 11:10AM  Simply Wall St.]
▶ IDEX Corporation CEO Named One of Americas Best Executives   [Nov-13-17 11:56AM  Business Wire]
▶ Idex tops Street 3Q forecasts   [Oct-16-17 04:48PM  Associated Press]
▶ IDEX Corporation Declares Regular Quarterly Cash Dividend   [Sep-14-17 04:55PM  Business Wire]
▶ IDEX Corp. Value Analysis (NYSE:IEX) : August 30, 2017   [Aug-29-17 10:16PM  Capital Cube]
▶ ETFs with exposure to IDEX Corp. : August 8, 2017   [Aug-08-17 04:40PM  Capital Cube]
▶ Idex tops Street 2Q forecasts   [Jul-25-17 04:37PM  Associated Press]
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