NasdaqGS:EXPD

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Expeditors International of Washington

Executive Summary

Expeditors International of Washington, Inc.


Snowflake Analysis

Flawless balance sheet average dividend payer.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.0%

EXPD

3.9%

US Logistics

2.5%

US Market


1 Year Return

8.7%

EXPD

7.0%

US Logistics

8.4%

US Market

Return vs Industry: EXPD exceeded the US Logistics industry which returned 6% over the past year.

Return vs Market: EXPD exceeded the US Market which returned 7.1% over the past year.


Shareholder returns

EXPDIndustryMarket
7 Day5.0%3.9%2.5%
30 Day4.4%4.5%5.1%
90 Day7.4%8.2%2.0%
1 Year10.2%8.7%9.7%7.0%10.9%8.4%
3 Year43.7%38.2%4.1%-2.7%30.5%21.9%
5 Year69.3%57.8%9.0%-2.4%56.9%39.2%

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

Valuation

Is Expeditors International of Washington undervalued compared to its fair value and its price relative to the market?

22.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EXPD ($75.66) is trading above our estimate of fair value ($68.95)

Significantly Below Fair Value: EXPD is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EXPD is poor value based on its PE Ratio (22.5x) compared to the Logistics industry average (21x).

PE vs Market: EXPD is poor value based on its PE Ratio (22.5x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: EXPD is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: EXPD is overvalued based on its PB Ratio (6.2x) compared to the US Logistics industry average (2.1x).


Next Steps

Future Growth

How is Expeditors International of Washington forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXPD's forecast earnings growth (7.8% per year) is above the savings rate (2.2%).

Earnings vs Market: EXPD's earnings (7.8% per year) are forecast to grow slower than the US market (21.6% per year).

High Growth Earnings: EXPD's earnings are forecast to grow, but not significantly.

Revenue vs Market: EXPD's revenue (4.9% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: EXPD's revenue (4.9% 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 (28.4%)


Next Steps

Past Performance

How has Expeditors International of Washington performed over the past 5 years?

9.5%

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 (7.5%).


Past Earnings Growth Analysis

Earnings Trend: EXPD's earnings have grown by 9.5% per year over the past 5 years.

Accelerating Growth: EXPD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EXPD had negative earnings growth (-7.9%) over the past year, making it difficult to compare to the Logistics industry average (-7.9%).


Return on Equity

High ROE: EXPD's Return on Equity (28.2%) 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 ($2.6B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: EXPD's short term assets ($2.6B) exceed its long term liabilities ($313.6M).


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


Next Steps

Dividend

What is Expeditors International of Washington's current dividend yield, its reliability and sustainability?

1.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EXPD's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.71%).

High Dividend: EXPD's dividend (1.37%) is low compared to the top 25% of dividend payers in the US market (4.54%).


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 (29.7%), 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 (28.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.9yrs

Average management tenure


CEO

Jeff Musser (53yo)

6.42yrs

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 ($USD6.42M) is below average for companies of similar size in the US market ($USD11.74M).

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Musser
President6.42yrsUS$6.42m0.11% $13.8m
Bradley Powell
Senior VP & CFO11.58yrsUS$4.31m0.019% $2.4m
Richard Rostan
President of Global Geographies & Operations3.17yrsUS$3.83m0.039% $4.9m
Eugene Alger
President of Global Services4.75yrsUS$4.31m0.020% $2.5m
Daniel Wall
President of Global Products4.92yrsUS$3.93m0.030% $3.8m
Steven Grimmer
Senior Vice President of Account Managementno datano datano data
Christopher McClincy
Senior VP & Chief Information Officer6.17yrsno data0.014% $1.8m
Geoffrey Buscher
Director of Investor Relationsno datano datano data
Jeffrey Dickerman
Senior VP & General Counselno datano data0.00017% $21.4k
J. Song
Senior Vice President of Global Sales & Marketing5.92yrsno datano data

5.9yrs

Average Tenure

53yo

Average Age

Experienced Management: EXPD's management team is seasoned and experienced (5.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Musser
President6.42yrsUS$6.42m0.11% $13.8m
Glenn Alger
Non-Independent Director3yrsUS$289.99k0.31% $39.2m
Liane Pelletier
Independent Director7yrsUS$309.99k0.018% $2.3m
Diane Gulyas
Independent Director4.5yrsUS$289.99k0.0097% $1.2m
Mark Emmert
Independent Director12yrsUS$309.99k0.013% $1.6m
Robert Wright
Independent Chairman6yrsUS$464.99k0.017% $2.2m
James DuBois
Independent Director4yrsUS$289.99k0.0097% $1.2m
Robert Carlile
Independent Director1yrUS$289.99k0.0033% $413.0k

5.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: EXPD's board of directors are considered experienced (5.3 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.


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$12.592b
  • Shares outstanding: 166.43m
  • Website: https://www.expeditors.com

Number of Employees


Location

  • Expeditors International of Washington, Inc.
  • 1015 Third Avenue
  • Seattle
  • Washington
  • 98104
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EXPDNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 1984
EW1DB (Deutsche Boerse AG)YesCommon StockDEEURSep 1984
EW1XTRA (XETRA Trading Platform)YesCommon StockDEEURSep 1984
0IJRLSE (London Stock Exchange)YesCommon StockGBUSDSep 1984
EXPD *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNSep 1984
E1XP34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 COMBRBRLJan 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 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/29 02:12
End of Day Share Price2020/05/28 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.