Expeditors International of Washington
Market Cap
US$15.1b
Last Updated
2020/11/29 23:44 UTC
Data Sources
Company Financials +
Executive Summary
Expeditors International of Washington, Inc. More Details
Rewards
PE ratio (23.6x) is below the Logistics industry average (30.4x)
Risk Analysis
No risks detected for EXPD from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record and pays a dividend.
Similar Companies
Share Price & News
How has Expeditors International of Washington's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EXPD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: EXPD's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.03%
EXPD
2.5%
US Logistics
2.8%
US Market
1 Year Return
19.0%
EXPD
44.4%
US Logistics
20.9%
US Market
Return vs Industry: EXPD underperformed the US Logistics industry which returned 44.3% over the past year.
Return vs Market: EXPD underperformed the US Market which returned 20.7% over the past year.
Shareholder returns
| EXPD | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.03% | 2.5% | 2.8% |
| 30 Day | 0.7% | 4.9% | 11.1% |
| 90 Day | 0.6% | 7.7% | 6.5% |
| 1 Year | 19.8%19.0% | 47.7%44.4% | 23.6%20.9% |
| 3 Year | 42.6%38.0% | 43.1%34.0% | 47.3%37.6% |
| 5 Year | 98.1%86.0% | 94.0%72.8% | 94.3%72.9% |
Long-Term Price Volatility Vs. Market
How volatile is Expeditors International of Washington's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Expeditors International of Washington (NASDAQ:EXPD) Could Be A Buy For Its Upcoming Dividend1 week ago | Simply Wall St
What Did Expeditors International of Washington's (NASDAQ:EXPD) CEO Take Home Last Year?Valuation
Is Expeditors International of Washington undervalued compared to its fair value and its price relative to the market?
23.62x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: EXPD ($88.96) is trading above our estimate of fair value ($70.59)
Significantly Below Fair Value: EXPD is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: EXPD is good value based on its PE Ratio (23.6x) compared to the US Logistics industry average (30.4x).
PE vs Market: EXPD is poor value based on its PE Ratio (23.6x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: EXPD is poor value based on its PEG Ratio (16.3x)
Price to Book Ratio
PB vs Industry: EXPD is overvalued based on its PB Ratio (6x) compared to the US Logistics industry average (3.2x).
Next Steps
Future Growth
How is Expeditors International of Washington forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
1.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EXPD's forecast earnings growth (1.4% per year) is below the savings rate (2.2%).
Earnings vs Market: EXPD's earnings (1.4% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: EXPD's earnings are forecast to grow, but not significantly.
Revenue vs Market: EXPD's revenue (0.3% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: EXPD's revenue (0.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EXPD's Return on Equity is forecast to be high in 3 years time (29.2%)
Next Steps
Past Performance
How has Expeditors International of Washington performed over the past 5 years?
9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EXPD has high quality earnings.
Growing Profit Margin: EXPD's current net profit margins (7.1%) are lower than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: EXPD's earnings have grown by 9.2% per year over the past 5 years.
Accelerating Growth: EXPD's earnings growth over the past year (0.5%) is below its 5-year average (9.2% per year).
Earnings vs Industry: EXPD earnings growth over the past year (0.5%) exceeded the Logistics industry -26.8%.
Return on Equity
High ROE: EXPD's Return on Equity (25.4%) is considered high.
Next Steps
Financial Health
How is Expeditors International of Washington's financial position?
Financial Position Analysis
Short Term Liabilities: EXPD's short term assets ($3.4B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: EXPD's short term assets ($3.4B) exceed its long term liabilities ($357.4M).
Debt to Equity History and Analysis
Debt Level: EXPD is debt free.
Reducing Debt: EXPD has not had any debt for past 5 years.
Debt Coverage: EXPD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: EXPD has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Expeditors International of Washington current dividend yield, its reliability and sustainability?
1.17%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EXPD's dividend (1.17%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: EXPD's dividend (1.17%) is low compared to the top 25% of dividend payers in the US market (4.08%).
Stability and Growth of Payments
Stable Dividend: EXPD's dividends per share have been stable in the past 10 years.
Growing Dividend: EXPD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.1%), EXPD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EXPD's dividends in 3 years are forecast to be well covered by earnings (26.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
Jeff Musser (54 yo)
6.92yrs
Tenure
US$6,424,455
Compensation
Mr. Jeffrey S. Musser, also known as Jeff, has been the Chief Executive Officer and President of Expeditors International of Washington, Inc. since December 19, 2013. Mr. Musser served as Chief Information...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD6.42M) is below average for companies of similar size in the US market ($USD10.83M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.92yrs | US$6.42m | 0.11% $ 16.2m | |
| Senior VP & CFO | 12.08yrs | US$4.31m | 0.0081% $ 1.2m | |
| President of Global Geographies & Operations | 3.67yrs | US$3.83m | 0.038% $ 5.8m | |
| President of Global Services | 5.25yrs | US$4.31m | 0.020% $ 3.0m | |
| President of Global Products | 5.42yrs | US$3.93m | 0.030% $ 4.6m | |
| Senior Vice President of Account Management | no data | no data | no data | |
| Senior VP & Chief Information Officer | 6.67yrs | no data | 0.014% $ 2.1m | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | no data | no data | 0.00016% $ 24.1k | |
| Senior Vice President of Global Sales & Marketing | 6.42yrs | no data | no data | |
| Executive Vice President of Europe | 6.42yrs | US$4.15m | no data | |
| Senior Vice President of North Asia | no data | no data | no data |
6.4yrs
Average Tenure
56.5yo
Average Age
Experienced Management: EXPD's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.92yrs | US$6.42m | 0.11% $ 16.2m | |
| Non-Independent Director | 3.5yrs | US$289.99k | 0.31% $ 46.1m | |
| Independent Director | 7.5yrs | US$309.99k | 0.018% $ 2.7m | |
| Independent Director | 5yrs | US$289.99k | 0.0095% $ 1.4m | |
| Independent Director | 12.5yrs | US$309.99k | 0.012% $ 1.9m | |
| Independent Chairman | 6.5yrs | US$464.99k | 0.011% $ 1.7m | |
| Independent Director | 4.5yrs | US$289.99k | 0.0095% $ 1.4m | |
| Independent Director | 1.5yrs | US$289.99k | 0.0032% $ 484.9k |
5.8yrs
Average Tenure
62.5yo
Average Age
Experienced Board: EXPD's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Expeditors International of Washington, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Expeditors International of Washington, Inc.
- Ticker: EXPD
- Exchange: NasdaqGS
- Founded: 1979
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: US$15.058b
- Shares outstanding: 169.27m
- Website: https://www.expeditors.com
Number of Employees
Location
- Expeditors International of Washington, Inc.
- 1015 Third Avenue
- Seattle
- Washington
- 98104
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EXPD | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Sep 1984 |
| EW1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1984 |
| EW1 | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Sep 1984 |
| 0IJR | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Sep 1984 |
| EXPD * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Sep 1984 |
| E1XP34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
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...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/29 23:44 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.