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Stocks IEX DCF valuation

DCF valuation

What is Idex Corp worth?

With the base-case assumptions below, a discounted cash flow model on Idex Corp's reported free cash flow gives $164.76 per share. The share price was $236.90 on November 10, 2026, 44% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$616.8M
Average free cash flow, last 5 years
$565.7M
Cash
$602.1M
balance sheet of September 30, 2026
Debt
$1.76B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
75,300,000
Revenue growth per year, last 5 years
8.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.0%2.5%2.0%10.0%$95.19-60%
Base8.0%5.5%2.5%9.0%$164.76-30%
Bull13.0%8.0%3.0%8.0%$294.59+24%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$215.46$231.02$250.03$273.80$304.35
8.0%$177.57$187.65$199.58$213.88$231.37
9.0%$149.90$156.80$164.76$174.04$185.02
10.0%$128.85$133.76$139.32$145.67$153.00
11.0%$112.32$115.92$119.94$124.46$129.58

Where the presets come from

Base: years 1 to 5 grow at Idex Corp's revenue growth rate over the last 5 fiscal years (8.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Idex Corp company page