After taking a fresh look at Idex, we are upgrading our moat rating to wide from narrow, based on switching costs and intangible assets. We’ve raised our fair value estimate to $222 per share from $214, which reflects the moat upgrade, partially offset by our slightly more conservative revenue growth projections.
Idex has a portfolio of moaty businesses that have leading share in niche end markets.
If industrial production remains sluggish, organic revenue growth may decelerate.
|
Metric
|
IEX
|
PH
|
XYL
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.78 | 24.67 | 33.86 |
Price/Book Value | 4.39 | 6.68 | 3.16 |
Price/Sales | 5.03 | 4.10 | 3.89 |
Price/Cash Flow | 24.39 | 20.80 | 24.57 |
|
Metric
|
IEX
|
PH
|
XYL
|
|---|---|---|---|
Quick Ratio | 2.36 | 0.49 | 1.22 |
Current Ratio | 3.41 | 0.93 | 1.85 |
Interest Coverage | 18.19 | 8.07 | 16.28 |
|
Metric
|
IEX
|
PH
|
XYL
|
|---|---|---|---|
Return on Assets (Normalized) | 10.31% | 11.18% | 6.04% |
Return on Equity (Normalized) | 17.13% | 29.66% | 9.54% |
Return on Invested Capital (Normalized) | 12.85% | 16.18% | 7.90% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States