Expeditors International of Washington
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Expeditors International of Washington, Inc. The last earnings update was 26 days ago. More info.
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EXPD Share Price and Events
7 Day Returns
1 Year Returns
EXPD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Expeditors International of Washington (EXPD) | -2.7% | 1.6% | 12.6% | 16.8% | 54.3% | 93.4% |
| US Logistics | 0.8% | -0.6% | 14.4% | -9.6% | 12.2% | 27.8% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- EXPD outperformed the Logistics industry which returned -9.6% over the past year.
- EXPD outperformed the Market in United States of America which returned 3% over the past year.
EXPD Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Expeditors International of Washington
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Expeditors International of Washington.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 12 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Logistics Unlevered Beta | Simply Wall St/ S&P Global | 1.03 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 21%) (0%)) |
1.018 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.02 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.018 * 5.96%) |
8.8% |
Discounted Cash Flow Calculation for NasdaqGS:EXPD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Expeditors International of Washington is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.8%) |
|
|---|---|---|---|
| 2019 | 629.49 | Analyst x6 | 578.58 |
| 2020 | 620.32 | Analyst x5 | 524.04 |
| 2021 | 619.04 | Est @ -0.21% | 480.67 |
| 2022 | 623.21 | Est @ 0.67% | 444.78 |
| 2023 | 631.26 | Est @ 1.29% | 414.09 |
| 2024 | 642.13 | Est @ 1.72% | 387.16 |
| 2025 | 655.14 | Est @ 2.02% | 363.05 |
| 2026 | 669.79 | Est @ 2.24% | 341.16 |
| 2027 | 685.76 | Est @ 2.38% | 321.04 |
| 2028 | 702.82 | Est @ 2.49% | 302.42 |
| Present value of next 10 years cash flows | $4,156.99 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $702.82 × (1 + 2.73%) ÷ (8.8% – 2.73%) |
$11,897.60 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $11,897.60 ÷ (1 + 8.8%)10 |
$5,119.52 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $4,156.99 + $5,119.52 |
$9,276.51 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $9,276.51 / 171.67 |
$54.04 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $54.04 |
| Current discount | Discount to share price of
$74.82
= -1 x ($74.82 - $54.04) / $54.04 |
-38.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Expeditors International of Washington is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Expeditors International of Washington's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Expeditors International of Washington's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $3.55 |
| NasdaqGS:EXPD Share Price ** | NasdaqGS (2019-03-20) in USD | $74.82 |
| United States of America Logistics Industry PE Ratio | Median Figure of 14 Publicly-Listed Logistics Companies | 19.21x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Expeditors International of Washington.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:EXPD Share Price ÷ EPS (both in USD) = 74.82 ÷ 3.55 |
21.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Expeditors International of Washington is overvalued based on earnings compared to the US Logistics industry average.
- Expeditors International of Washington is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Expeditors International of Washington's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 21.08x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts |
3.7%per year |
| United States of America Logistics Industry PEG Ratio | Median Figure of 12 Publicly-Listed Logistics Companies | 1.54x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 21.08x ÷ 3.7% |
5.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Expeditors International of Washington is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Expeditors International of Washington's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $11.58 |
| NasdaqGS:EXPD Share Price * | NasdaqGS (2019-03-20) in USD | $74.82 |
| United States of America Logistics Industry PB Ratio | Median Figure of 16 Publicly-Listed Logistics Companies | 2.7x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:EXPD Share Price ÷ Book Value per Share (both in USD) = 74.82 ÷ 11.58 |
6.46x |
* Primary Listing of Expeditors International of Washington.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Expeditors International of Washington is overvalued based on assets compared to the US Logistics industry average.
Value checks
We assess Expeditors International of Washington's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Logistics industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Logistics industry average (and greater than 0)? (1 check) Expeditors International of Washington has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
EXPD Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Expeditors International of Washington's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Expeditors International of Washington's earnings growth is positive but not above the United States of America market average.
- Expeditors International of Washington's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:EXPD Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts | 3.7% |
| NasdaqGS:EXPD Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts | 6.1% |
| United States of America Logistics Industry Earnings Growth Rate | Market Cap Weighted Average | 11.1% |
| United States of America Logistics Industry Revenue Growth Rate | Market Cap Weighted Average | 6.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 9,914 | 706 | 3 | |
| 2020-12-31 | 9,153 | 711 | 651 | 11 |
| 2019-12-31 | 8,652 | 729 | 619 | 12 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 8,138 | 573 | 618 |
| 2018-09-30 | 7,804 | 597 | 606 |
| 2018-06-30 | 7,515 | 596 | 564 |
| 2018-03-31 | 7,230 | 528 | 532 |
| 2017-12-31 | 6,921 | 489 | 489 |
| 2017-09-30 | 6,662 | 435 | 433 |
| 2017-06-30 | 6,422 | 465 | 420 |
| 2017-03-31 | 6,225 | 489 | 427 |
| 2016-12-31 | 6,098 | 529 | 431 |
| 2016-09-30 | 6,052 | 573 | 435 |
| 2016-06-30 | 6,141 | 590 | 445 |
| 2016-03-31 | 6,358 | 666 | 447 |
*GAAP earnings excluding extraordinary items.
High Growth Checks
- Expeditors International of Washington's earnings are expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
- Expeditors International of Washington's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
All data from Expeditors International of Washington Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 4.15 | 4.30 | 4.00 | 2.00 |
| 2020-12-31 | 3.83 | 3.95 | 3.73 | 8.00 |
| 2019-12-31 | 3.59 | 3.70 | 3.45 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.55 |
| 2018-09-30 | 3.46 |
| 2018-06-30 | 3.19 |
| 2018-03-31 | 2.98 |
| 2017-12-31 | 2.73 |
| 2017-09-30 | 2.41 |
| 2017-06-30 | 2.33 |
| 2017-03-31 | 2.36 |
| 2016-12-31 | 2.38 |
| 2016-09-30 | 2.38 |
| 2016-06-30 | 2.42 |
| 2016-03-31 | 2.40 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Expeditors International of Washington is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Future performance checks
We assess Expeditors International of Washington's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Expeditors International of Washington has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
EXPD Past Performance
How has Expeditors International of Washington performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Expeditors International of Washington's year on year earnings growth rate has been positive over the past 5 years.
- Expeditors International of Washington's 1-year earnings growth exceeds its 5-year average (26.3% vs 10%)
- Expeditors International of Washington's earnings growth has exceeded the US Logistics industry average in the past year (26.3% vs 25.7%).
Earnings and Revenue History
All data from Expeditors International of Washington Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 8,138.37 | 618.20 | 45.35 | |
| 2018-09-30 | 7,804.14 | 605.96 | 44.20 | |
| 2018-06-30 | 7,515.36 | 563.53 | 44.18 | |
| 2018-03-31 | 7,230.08 | 531.77 | 44.34 | |
| 2017-12-31 | 6,920.95 | 489.35 | 44.29 | |
| 2017-09-30 | 6,661.58 | 432.97 | 44.42 | |
| 2017-06-30 | 6,421.81 | 420.29 | 43.95 | |
| 2017-03-31 | 6,224.70 | 427.49 | 43.25 | |
| 2016-12-31 | 6,098.04 | 430.81 | 41.76 | |
| 2016-09-30 | 6,052.25 | 434.67 | 41.66 | |
| 2016-06-30 | 6,141.19 | 445.40 | 41.90 | |
| 2016-03-31 | 6,357.58 | 447.10 | 42.18 | |
| 2015-12-31 | 6,616.63 | 457.22 | 41.99 | |
| 2015-09-30 | 6,789.24 | 442.16 | 41.57 | |
| 2015-06-30 | 6,843.01 | 426.23 | 40.44 | |
| 2015-03-31 | 6,750.60 | 399.77 | 39.20 | |
| 2014-12-31 | 6,564.72 | 376.89 | 38.13 | |
| 2014-09-30 | 6,421.75 | 361.00 | 36.06 | |
| 2014-06-30 | 6,254.61 | 351.02 | 35.12 | |
| 2014-03-31 | 6,158.69 | 352.04 | 34.16 | |
| 2013-12-31 | 6,080.26 | 348.53 | 33.24 | |
| 2013-09-30 | 5,998.63 | 349.24 | 32.71 | |
| 2013-06-30 | 5,992.33 | 345.33 | 32.25 | |
| 2013-03-31 | 5,994.05 | 336.97 | 32.78 | |
| 2012-12-31 | 5,992.22 | 333.36 | 34.18 | |
| 2012-09-30 | 5,949.90 | 342.00 | 35.82 | |
| 2012-06-30 | 6,024.60 | 360.11 | 37.31 | |
| 2012-03-31 | 6,101.02 | 371.15 | 38.47 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Expeditors International of Washington has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Expeditors International of Washington used its assets more efficiently than the US Logistics industry average last year based on Return on Assets.
- Expeditors International of Washington's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Expeditors International of Washington's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Logistics industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Expeditors International of Washington has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
EXPD Health
How is Expeditors International of Washington's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Expeditors International of Washington's finances.
The net worth of a company is the difference between its assets and liabilities.
- Expeditors International of Washington is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Expeditors International of Washington has no long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Expeditors International of Washington has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Expeditors International of Washington Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,987.72 | 0.00 | 923.74 |
| 2018-09-30 | 1,957.33 | 0.00 | 990.61 |
| 2018-06-30 | 1,892.56 | 0.00 | 1,020.85 |
| 2018-03-31 | 1,982.27 | 0.00 | 1,132.90 |
| 2017-12-31 | 1,994.37 | 0.00 | 1,051.10 |
| 2017-09-30 | 1,981.08 | 0.00 | 1,033.44 |
| 2017-06-30 | 1,978.64 | 0.00 | 1,114.91 |
| 2017-03-31 | 1,951.72 | 0.00 | 1,156.04 |
| 2016-12-31 | 1,847.21 | 0.00 | 974.44 |
| 2016-09-30 | 1,853.93 | 0.00 | 1,042.70 |
| 2016-06-30 | 1,779.51 | 0.00 | 980.26 |
| 2016-03-31 | 1,782.51 | 0.00 | 1,013.92 |
| 2015-12-31 | 1,694.68 | 0.00 | 807.80 |
| 2015-09-30 | 1,842.19 | 0.00 | 976.94 |
| 2015-06-30 | 1,889.73 | 0.00 | 1,032.77 |
| 2015-03-31 | 1,927.53 | 0.00 | 1,033.21 |
| 2014-12-31 | 1,871.61 | 0.00 | 967.44 |
| 2014-09-30 | 1,903.93 | 0.00 | 1,030.80 |
| 2014-06-30 | 1,897.14 | 0.00 | 1,056.71 |
| 2014-03-31 | 1,960.01 | 0.00 | 1,217.54 |
| 2013-12-31 | 2,086.33 | 0.00 | 1,273.99 |
| 2013-09-30 | 2,180.73 | 0.00 | 1,410.16 |
| 2013-06-30 | 2,121.94 | 0.00 | 1,376.01 |
| 2013-03-31 | 2,104.62 | 0.00 | 1,394.69 |
| 2012-12-31 | 2,032.57 | 0.00 | 1,260.98 |
| 2012-09-30 | 2,095.70 | 0.00 | 1,367.64 |
| 2012-06-30 | 2,050.06 | 0.00 | 1,364.62 |
| 2012-03-31 | 2,102.03 | 0.00 | 1,429.19 |
- Expeditors International of Washington has no debt.
- Expeditors International of Washington has not taken on any debt in the past 5 years.
- Expeditors International of Washington has no debt, it does not need to be covered by operating cash flow.
- Expeditors International of Washington has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Expeditors International of Washington's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Expeditors International of Washington has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
EXPD Dividends
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Expeditors International of Washington
shares you are expected to receive
$24
in your first year as a dividend.
Dividend Amount
- Expeditors International of Washington's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Expeditors International of Washington's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 12 Analyst Estimates (S&P Global) | See Below |
| United States of America Logistics Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 2.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.05 | 2.00 |
| 2020-12-31 | 1.00 | 7.00 |
| 2019-12-31 | 0.95 | 7.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-06 | 0.900 | 1.259 |
| 2018-05-09 | 0.900 | 1.237 |
| 2017-11-08 | 0.840 | 1.318 |
| 2017-11-07 | 0.840 | 1.371 |
| 2017-05-03 | 0.840 | 1.481 |
| 2016-11-09 | 0.800 | 1.467 |
| 2016-11-08 | 0.800 | 1.602 |
| 2016-05-04 | 0.800 | 1.601 |
| 2015-11-04 | 0.720 | 1.536 |
| 2015-11-03 | 0.720 | 1.457 |
| 2015-05-07 | 0.720 | 1.508 |
| 2014-11-06 | 0.640 | 1.401 |
| 2014-11-04 | 0.640 | 1.456 |
| 2014-05-09 | 0.640 | 1.496 |
| 2014-05-08 | 0.640 | 1.476 |
| 2013-11-06 | 0.600 | 1.447 |
| 2013-11-05 | 0.600 | 1.395 |
| 2013-05-02 | 0.600 | 1.467 |
| 2012-11-06 | 0.560 | 1.449 |
| 2012-05-03 | 0.560 | 1.500 |
| 2011-11-02 | 0.500 | 1.156 |
| 2011-11-01 | 0.500 | 1.147 |
| 2011-05-05 | 0.500 | 1.076 |
| 2010-11-02 | 0.400 | 0.771 |
| 2010-05-06 | 0.400 | 0.967 |
| 2009-11-03 | 0.380 | 1.077 |
| 2009-05-07 | 0.380 | 1.143 |
| 2009-03-23 | 0.320 | 1.009 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Expeditors International of Washington's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.9x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
Income/ dividend checks
We assess Expeditors International of Washington's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Expeditors International of Washington afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Expeditors International of Washington has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
EXPD Management
CEO
| COMPENSATION | $6,308,768 |
| AGE | 52 |
| TENURE AS CEO | 5.3 years |
CEO Bio
Mr. Jeffrey S. Musser, also known as Jeff, has been the Chief Executive Officer and President of Expeditors International of Washington, Inc. since December 19, 2013. Mr. Musser served as Chief Information Officer of Expeditors International of Washington Inc., since January 2005 and its Executive Vice President since May 2009. He joined Expeditors International in February 1983 and served as its District Manager in October 1989, Regional Vice President in September 1999 and then as its Senior Vice President since January 2005. He has been a Director of Expeditors International of Washington Inc., since March 1, 2014. He has Over 35 years of experience in the international transportation industry.
CEO Compensation
- Jeff's compensation has increased by more than 20% in the past year.
- Jeff's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Expeditors International of Washington management team in years:
- The tenure for the Expeditors International of Washington management team is about average.
Management Team
Jeff Musser
President
$6M
52
5.3 yrs
Brad Powell
Senior VP & CFO
$4M
57
10.4 yrs
Eugene Alger
President of Global Services
$4M
57
3.6 yrs
Dan Wall
President of Global Products
$3M
49
3.8 yrs
Rick Rostan
President of Global Geographies & Operations
$3M
61
2.1 yrs
Craig Wilwerding
Senior Vice President of Global Business Operations
4.3 yrs
Steven Grimmer
Senior Vice President of Account Management
Christopher McClincy
Senior VP & Chief Information Officer
43
5.1 yrs
Geoffrey Buscher
Director of Investor Relations
Benjamin Clark
Senior VP
49
4.1 yrs
Board of Directors Tenure
Average tenure and age of the Expeditors International of Washington board of directors in years:
- The tenure for the Expeditors International of Washington board of directors is about average.
Board of Directors
Robert Wright
Chairman of the Board
$440K
58
4.8 yrs
Jeff Musser
President
$6M
52
5 yrs
Mark Emmert
Director
$285K
65
10.8 yrs
Liane Pelletier
Director
$285K
60
5.8 yrs
Richard McCune
Director
$290K
4.6 yrs
Glenn Alger
Director
$265K
61
1.8 yrs
Tay Yoshitani
Independent Director
$265K
71
6.6 yrs
Diane Gulyas
Director
$265K
61
3.3 yrs
Jim DuBois
Director
$265K
2.8 yrs
Alain Monié
Director
$265K
67
1.8 yrs
Who owns this company?
Recent Insider Trading
- Expeditors International of Washington insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. Mar 19 | Sell | Christopher McClincy | Individual | 14. Mar 19 | 14. Mar 19 | -1,960 | $77.09 | $-151,092 | ||
| 12. Mar 19 | Sell | Daniel Wall | Individual | 11. Mar 19 | 11. Mar 19 | -4,109 | $75.25 | $-309,202 | ||
| 04. Dec 18 | Sell | Jeffrey Musser | Individual | 30. Nov 18 | 30. Nov 18 | -30,000 | $75.95 | $-2,278,503 | ||
| 20. Nov 18 | Sell | Mark Emmert | Individual | 19. Nov 18 | 19. Nov 18 | -5,000 | $73.52 | $-367,600 | ||
| 19. Nov 18 | Sell | Christopher McClincy | Individual | 16. Nov 18 | 16. Nov 18 | -2,371 | $73.68 | $-174,674 | ||
| 18. May 18 | Sell | Eugene Alger | Individual | 17. May 18 | 17. May 18 | -6,956 | $71.89 | $-500,067 | ||
| 16. May 18 | Sell | Christopher McClincy | Individual | 15. May 18 | 15. May 18 | -2,437 | $72.11 | $-175,742 | ||
Management checks
We assess Expeditors International of Washington's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Expeditors International of Washington has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
EXPD News
Simply Wall St News
Should You Be Worried About Insider Transactions At Expeditors International of Washington, Inc. (NASDAQ:EXPD)?
So we'll take a look at whether insiders have been buying or selling shares in Expeditors International of Washington, Inc. … The Last 12 Months Of Insider Transactions At Expeditors International of Washington. … In total, Expeditors International of Washington insiders sold more than they bought over the last year.
Simply Wall St - – Full articleWhat Are Analysts Saying About Expeditors International of Washington, Inc.'s (NASDAQ:EXPD) Growth?
After Expeditors International of Washington, Inc.'s (NASDAQ:EXPD) earnings announcement on 31 December 2018, … the higher past 5-year average growth rate of 10%.
Simply Wall St - – Full articleThe Expeditors International of Washington Share Price Is Up 88% And Shareholders Are Holding On
(NASDAQ:EXPD) share price is up 88% in the last 5 years, clearly besting than the market return of around 39% (ignoring dividends). … During five years of share price growth, Expeditors International of Washington achieved compound earnings per share (EPS) growth of 16% per year. … So the EPS growth rate is rather close to the annualized share price gain of 13% per year.
Simply Wall St - – Full articleExpeditors International of Washington, Inc. (NASDAQ:EXPD): Are Analysts Bullish?
Help shape the future of investing tools and receive a $20 prize! … Expeditors International of Washington, Inc.'s (NASDAQ:EXPD) announced its latest earnings update in December 2018, whicha
Simply Wall St - – Full articleHere's What Expeditors International of Washington, Inc.'s (NASDAQ:EXPD) P/E Is Telling Us
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Expeditors International of Washington, Inc.'s (NASDAQ:EXPD) P/E ratio and reflect on what it tells us about the company's share price. … How Do I Calculate Expeditors International of Washington's Price To Earnings Ratio
Simply Wall St - – Full articleShould You Investigate Expeditors International of Washington, Inc. (NASDAQ:EXPD) At US$69.33?
Today we're going to take a look at the well-established Expeditors International of Washington, Inc. … A question to answer is whether Expeditors International of Washington's current trading price of $69.33 reflective of the actual value of the? … Let’s take a look at Expeditors International of Washington’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleIs Expeditors International of Washington, Inc. (NASDAQ:EXPD) Excessively Paying Its CEO?
Jeff Musser has been the CEO of Expeditors International of Washington, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Jeff Musser's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleExpeditors International of Washington, Inc. (NASDAQ:EXPD) Investors Are Paying Above The Intrinsic Value
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Expeditors International of Washington, Inc. … by projecting its future cash flows and then discounting them to today's value. … If you are reading this and its not January 2019 then I highly recommend you check out the latest calculation for Expeditors International of Washington by following the link below
Simply Wall St - – Full articleAll You Need To Know About Expeditors International of Washington, Inc.'s (NASDAQ:EXPD) Financial Health
Investors looking for stocks with high market liquidity and zero debt on the balance sheet should consider Expeditors International of Washington, Inc. … With a market valuation of US$11b, EXPD is a safe haven in times of market uncertainty due to its strong balance sheet. … These firms won’t be left high and dry if liquidity dries up, and they will be relatively unaffected by rises in interest rates.
Simply Wall St - – Full articleHow Much Are Expeditors International of Washington, Inc. (NASDAQ:EXPD) Insiders Taking Off The Table?
So shareholders might well want to know whether insiders have been buying or selling shares in Expeditors International of Washington, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … All up, insiders sold more shares in Expeditors International of Washington than they bought, over the last year
Simply Wall St - – Full articleEXPD Company Info
Description
Expeditors International of Washington, Inc. provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, and other logistics solutions. It acts as a freight consolidator or as an agent for the airline, which carries the shipment. The company also provides ancillary services that include preparation of shipping and customs documentation, packing, crating, insurance services, negotiation of letters of credit, and the preparation of documentation to comply with local export laws. Its customers include retailing and wholesaling, electronics, and industrial and manufacturing companies. Expeditors International of Washington, Inc. was founded in 1979 and is headquartered in Seattle, Washington.
Details
| Name: | Expeditors International of Washington, Inc. |
| EXPD | |
| Exchange: | NasdaqGS |
| Founded: | 1979 |
| $12,844,316,329 | |
| 171,669,558 | |
| Website: | http://www.expeditors.com |
| Address: |
Expeditors International of Washington, Inc. 1015 Third Avenue, 12th Floor, Seattle, Washington, 98104, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | EXPD | Common Stock | Nasdaq Global Select | US | USD | 26. Sep 1984 | |
| DB | EW1 | Common Stock | Deutsche Boerse AG | DE | EUR | 26. Sep 1984 | |
| BMV | EXPD * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 26. Sep 1984 |
Number of employees
Current staff
Industry
| Air Freight and Logistics | |
| Transportation |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:36 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/11 |
| Last earnings filing: | 2019/02/22 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
