NasdaqGS:EXPD

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Expeditors International of Washington

Executive Summary

Expeditors International of Washington, Inc. More Details


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.0%

EXPD

-0.1%

US Logistics

-0.4%

US Market


1 Year Return

26.5%

EXPD

47.3%

US Logistics

18.3%

US Market

Return vs Industry: EXPD underperformed the US Logistics industry which returned 47.3% over the past year.

Return vs Market: EXPD exceeded the US Market which returned 18.3% over the past year.


Shareholder returns

EXPDIndustryMarket
7 Day2.0%-0.1%-0.4%
30 Day5.4%7.6%6.6%
90 Day17.4%35.2%8.6%
1 Year28.2%26.5%50.9%47.3%21.0%18.3%
3 Year66.8%60.4%46.1%36.7%42.1%32.7%
5 Year105.1%91.2%94.8%73.3%85.6%64.7%

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?

26.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EXPD ($95.2) is trading above our estimate of fair value ($75.76)

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 (26.7x) compared to the US Logistics industry average (29x).

PE vs Market: EXPD is poor value based on its PE Ratio (26.7x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: EXPD is poor value based on its PEG Ratio (4.9x)


Price to Book Ratio

PB vs Industry: EXPD is overvalued based on its PB Ratio (7.4x) compared to the US Logistics industry average (3.1x).


Next Steps

Future Growth

How is Expeditors International of Washington forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

5.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EXPD's forecast earnings growth (5.5% per year) is above the savings rate (2.2%).

Earnings vs Market: EXPD's earnings (5.5% per year) are forecast to grow slower than the US market (22.1% per year).

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

Revenue vs Market: EXPD's revenue (1.7% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: EXPD's revenue (1.7% 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 (30.2%)


Next Steps

Past Performance

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

9.1%

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%) are lower than last year (7.6%).


Past Earnings Growth Analysis

Earnings Trend: EXPD's earnings have grown by 9.1% 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 (-4.9%) over the past year, making it difficult to compare to the Logistics industry average (-22.4%).


Return on Equity

High ROE: EXPD's Return on Equity (28%) 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 ($2.9B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: EXPD's short term assets ($2.9B) exceed its long term liabilities ($360.5M).


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 current dividend yield, its reliability and sustainability?

1.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EXPD's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: EXPD's dividend (1.09%) is low compared to the top 25% of dividend payers in the US market (4.56%).


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 (28.6%), 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 (27.5% payout ratio).


Next Steps

Management

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

6.3yrs

Average management tenure


CEO

Jeff Musser (54 yo)

6.83yrs

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 ($USD6.42M) is below average for companies of similar size in the US market ($USD11.16M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Musser
President6.83yrsUS$6.42m0.11%
$ 17.4m
Bradley Powell
Senior VP & CFO12yrsUS$4.31m0.0082%
$ 1.3m
Richard Rostan
President of Global Geographies & Operations3.67yrsUS$3.83m0.039%
$ 6.2m
Eugene Alger
President of Global Services5.17yrsUS$4.31m0.020%
$ 3.2m
Daniel Wall
President of Global Products5.33yrsUS$3.93m0.031%
$ 4.9m
Steven Grimmer
Senior Vice President of Account Managementno datano datano data
Christopher McClincy
Senior VP & Chief Information Officer6.67yrsno data0.014%
$ 2.2m
Geoffrey Buscher
Director of Investor Relationsno datano datano data
Jeffrey Dickerman
Senior VPno datano data0.00016%
$ 25.5k
J. Song
Senior Vice President of Global Sales & Marketing6.33yrsno datano data
Timothy Barber
Executive Vice President of Europe6.33yrsUS$4.15mno data
Allen J. Wang
Senior Vice President of North Asiano datano datano data

6.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: EXPD's management team is seasoned and experienced (6.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Musser
President6.83yrsUS$6.42m0.11%
$ 17.4m
Glenn Alger
Non-Independent Director3.42yrsUS$289.99k0.31%
$ 49.3m
Liane Pelletier
Independent Director7.42yrsUS$309.99k0.018%
$ 2.8m
Diane Gulyas
Independent Director4.92yrsUS$289.99k0.0096%
$ 1.5m
Mark Emmert
Independent Director12.42yrsUS$309.99k0.013%
$ 2.0m
Robert Wright
Independent Chairman6.42yrsUS$464.99k0.011%
$ 1.8m
James DuBois
Independent Director4.42yrsUS$289.99k0.0096%
$ 1.5m
Robert Carlile
Independent Director1.42yrsUS$289.99k0.0032%
$ 518.7k

5.7yrs

Average Tenure

62.5yo

Average Age

Experienced Board: EXPD's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: EXPD insiders have only sold shares 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$15.961b
  • Shares outstanding: 167.66m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 00:25
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.