TGM's two-stage DCF values IDEX Corporation (IEX) between $99.51 and $187.62 depending on assumptions, with a base case of $135.27. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (9%) reflects its beta.
What would today's price require?
$233.92 is justified only if free cash flow grows about +18.6% a year (fading to 2.5% long-run) at a 9% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 3.2%/yr | 10.0% | $99.51 |
| Base case | 6.2%/yr | 9.0% | $135.27 |
| Optimistic | 9.2%/yr | 8.0% | $187.62 |
| Third-party model estimate (FMP) | independent reference · retrieved Aug 10, 2026 · assumptions not provided | $208.68 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$233.92
Market-Implied Growth
+18.6%/yr
vs +5.1% 5Y actual
Model Scenario Range
$99.51 – $187.62
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for IEX (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $609.9M · 0.07B shares · net debt $1.2B
Estimated Fair Value
$135.27
-42.2% vs $233.92
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 6.2%/yr FCF growth and 10-year horizon fixed. Green = above today's $233.92; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.0% | $170 | $185 | $204 | $228 | $259 |
| 8.0% | $140 | $151 | $164 | $179 | $197 |
| 9.0% | $119 | $126 | $135 | $146 | $158 |
| 10.0% | $102 | $108 | $115 | $122 | $130 |
| 11.0% | $89.48 | $93.87 | $98.76 | $104 | $110 |
