Professional
Added to YB: 2024-04-19
Pitch date: 2024-04-12
IEX [bullish]
IDEX Corporation
-23.01%
current return
Author Info
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Company Info
IDEX Corporation, together with its subsidiaries, provides applied solutions in the United States, rest of North America, Europe, Asia, and internationally.
Market Cap
$13.2B
Pitch Price
$230.14
Price Target
N/A
Dividend
1.61%
EV/EBITDA
15.21
P/E
27.93
EV/Sales
4.25
Sector
Machinery
Category
growth
Show full summary:
Ensemble Capital Management Portfolio Holding: IDEX Corporation
IEX: Niche industrial parts maker & serial acquirer, like TDG/HEI. Buys #1/#2 share in small markets w/ pricing power. Decentralized mgmt + '80/20' focus drives returns. 11% FCF CAGR since '90. Risks: integration, valuation. Catalysts: larger M&A, sales growth recovery, new CFO.
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