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IDEX (NYSE:IEX) Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

IDEX has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for IDEX's Piotroski F-Score or its related term are showing as below:

IEX' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of IDEX was 9. The lowest was 4. And the median was 6.


IDEX (NYSE:IEX) Piotroski F-Score Historical Data

The historical data trend for IDEX's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IDEX Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 9.00 7.00 4.00 8.00

IDEX Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 8.00 7.00 6.00 7.00

IDEX (NYSE:IEX) Piotroski F-Score Competitive Comparison

For the Specialty Industrial Machinery subindustry, IDEX's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

IDEX (NYSE:IEX) Piotroski F-Score Distribution

For the Industrial Products industry and Industrials sector, IDEX's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where IDEX's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep22) TTM:Last Year (Sep21) TTM:
Net Income was 118.8 + 140 + 138.2 + 178.7 = $576 Mil.
Cash Flow from Operations was 163.1 + 79.7 + 112.3 + 198.1 = $553 Mil.
Revenue was 714.8 + 751.1 + 796.1 + 824 = $3,086 Mil.
Gross Profit was 314.2 + 342.5 + 356.9 + 381.8 = $1,395 Mil.
Average Total Assets from the begining of this year (Sep21)
to the end of this year (Sep22) was
(4854.579 + 4917.2 + 4999.7 + 4912.8 + 4892.6) / 5 = $4915.3758 Mil.
Total Assets at the begining of this year (Sep21) was $4,855 Mil.
Long-Term Debt & Capital Lease Obligation was $1,281 Mil.
Total Current Assets was $1,635 Mil.
Total Current Liabilities was $507 Mil.
Net Income was 101.09 + 112.7 + 102.2 + 115.7 = $432 Mil.

Revenue was 614.776 + 652 + 686 + 712 = $2,665 Mil.
Gross Profit was 269.144 + 292.6 + 306.1 + 311.6 = $1,179 Mil.
Average Total Assets from the begining of last year (Sep20)
to the end of last year (Sep21) was
(4225.595 + 4414.4 + 4460.731 + 4782.997 + 4854.579) / 5 = $4547.6604 Mil.
Total Assets at the begining of last year (Sep20) was $4,226 Mil.
Long-Term Debt & Capital Lease Obligation was $1,287 Mil.
Total Current Assets was $1,583 Mil.
Total Current Liabilities was $469 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

IDEX's current Net Income (TTM) was 576. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

IDEX's current Cash Flow from Operations (TTM) was 553. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep21)
=575.7/4854.579
=0.11858907

ROA (Last Year)=Net Income/Total Assets (Sep20)
=431.69/4225.595
=0.10216076

IDEX's return on assets of this year was 0.11858907. IDEX's return on assets of last year was 0.10216076. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

IDEX's current Net Income (TTM) was 576. IDEX's current Cash Flow from Operations (TTM) was 553. ==> 553 <= 576 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=1280.9/4915.3758
=0.26059045

Gearing (Last Year: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=1287.005/4547.6604
=0.28300376

IDEX's gearing of this year was 0.26059045. IDEX's gearing of last year was 0.28300376. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep22)=Total Current Assets/Total Current Liabilities
=1635/506.5
=3.22803554

Current Ratio (Last Year: Sep21)=Total Current Assets/Total Current Liabilities
=1583.361/469.108
=3.375259

IDEX's current ratio of this year was 3.22803554. IDEX's current ratio of last year was 3.375259. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

IDEX's number of shares in issue this year was 75.8. IDEX's number of shares in issue last year was 76.5. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1395.4/3086
=0.4521711

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1179.444/2664.776
=0.44260531

IDEX's gross margin of this year was 0.4521711. IDEX's gross margin of last year was 0.44260531. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep21)
=3086/4854.579
=0.63568849

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep20)
=2664.776/4225.595
=0.6306274

IDEX's asset turnover of this year was 0.63568849. IDEX's asset turnover of last year was 0.6306274. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+1+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

IDEX has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

IDEX  (NYSE:IEX) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


IDEX Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of IDEX's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


IDEX (NYSE:IEX) Business Description

IDEX logo
Traded in Other Exchanges
Address
3100 Sanders Road, Suite 301, Northbrook, IL, USA, 60062
Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire & safety, life science, and water. The firm's business is organized into three segments: fluid & metering technologies, health & science technologies, and fire & safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $2.8 billion in revenue and $661 million in adjusted operating income in 2021.
Executives
Watts Stanfield Paris director 3100 SANDERS ROAD SUITE 301 NORTHBROOK IL 60062
Gunter Lakecia N director 3100 SANDER ROAD SUITE 301 NORTHBROOK IL 60062
Satterthwaite Livingston director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Parry David C director 155 HARLEM AVE. GLENVIEW IL 60025
Beck Mark A director 2200 PENNSYLVANIA AVENUE, NW SUITE 800W WASHINGTON DC 20037
Christenson Carl R director C/O ALTRA INDUSTRIAL MOTION INC. 300 GRANITE STREET BRAINTREE MA 02184
Helmkamp Katrina L director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Cook William M director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Buthman Mark A director P O BOX 619100 DALLAS TX 752619100
Unnikrishnan Roopa officer: SVP, Strategy&Corp Development 3100 SANDERS ROAD SUITE 301 NORTHBROOK IL 60062
Anderson Lisa M officer: SVP, General Counsel &Corp Sec 3100 SANDERS ROAD SUITE 301 NORTHBROOK IL 60062
Lausas Allison S officer: VP, Chief Accounting Officer C/O SUNCOKE ENERGY, INC. 1011 WARRENVILLE ROAD, SUITE 600 LISLE IL 60532
Flores Melissa S officer: SVP-Chief HR Officer 3100 SANDER ROAD SUITE 301 NORTHBROOK IL 60062
Warner Cynthia J director 1925 WEST FIELD COURT SUITE 200 LAKE FOREST IL 60045
Mrozek Ernest J director SERVICE MASTER 2300 WARRENVILLE ROAD DOWNERS GROVE IL 60515

IDEX (NYSE:IEX) Headlines

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