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Old Dominion Freight Line

Nasdaq:ODFL
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ODFL
Nasdaq
$13B
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. The last earnings update was 55 days ago. More info.


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ODFL Share Price and Events
7 Day Returns
-0%
NasdaqGS:ODFL
4.2%
US Transportation
-0.1%
US Market
1 Year Returns
8.8%
NasdaqGS:ODFL
22.8%
US Transportation
7.6%
US Market
ODFL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Old Dominion Freight Line (ODFL) -0% 8.5% 18.2% 8.8% 122% 162.3%
US Transportation 4.2% 9.8% 15.3% 22.8% 97.3% 89.2%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • ODFL underperformed the Transportation industry which returned 22.8% over the past year.
  • ODFL outperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
ODFL
Industry
5yr Volatility vs Market

Value

 Is Old Dominion Freight Line undervalued based on future cash flows and its price relative to the stock market?

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 Old Dominion Freight Line 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Old Dominion Freight Line.

NasdaqGS:ODFL Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ODFL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Transportation Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 21%) (0.36%))
1.025
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.025 * 5.96%)
8.84%

Discounted Cash Flow Calculation for NasdaqGS:ODFL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Old Dominion Freight Line 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.

NasdaqGS:ODFL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.84%)
2019 406.27 Analyst x5 373.26
2020 397.39 Analyst x5 335.45
2021 372.00 Analyst x1 288.51
2022 357.85 Est @ -3.8% 254.99
2023 351.25 Est @ -1.84% 229.95
2024 349.60 Est @ -0.47% 210.28
2025 351.31 Est @ 0.49% 194.14
2026 355.39 Est @ 1.16% 180.44
2027 361.18 Est @ 1.63% 168.49
2028 368.27 Est @ 1.96% 157.84
Present value of next 10 years cash flows $2,393.34
NasdaqGS:ODFL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $368.27 × (1 + 2.73%) ÷ (8.84% – 2.73%)
$6,190.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,190.06 ÷ (1 + 8.84%)10
$2,653.01
NasdaqGS:ODFL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,393.34 + $2,653.01
$5,046.35
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,046.35 / 81.13
$62.2
NasdaqGS:ODFL Discount to Share Price
Calculation Result
Value per share (USD) From above. $62.20
Current discount Discount to share price of $154.82
= -1 x ($154.82 - $62.20) / $62.20
-148.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Old Dominion Freight Line is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Old Dominion Freight Line's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Old Dominion Freight Line's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ODFL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $7.39
NasdaqGS:ODFL Share Price ** NasdaqGS (2019-04-23) in USD $154.82
United States of America Transportation Industry PE Ratio Median Figure of 24 Publicly-Listed Transportation Companies 18.48x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Old Dominion Freight Line.

NasdaqGS:ODFL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ODFL Share Price ÷ EPS (both in USD)

= 154.82 ÷ 7.39

20.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is overvalued based on earnings compared to the US Transportation industry average.
  • Old Dominion Freight Line is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Old Dominion Freight Line's expected growth come at a high price?
Raw Data
NasdaqGS:ODFL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
5.7%per year
United States of America Transportation Industry PEG Ratio Median Figure of 21 Publicly-Listed Transportation Companies 2.32x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

NasdaqGS:ODFL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.94x ÷ 5.7%

3.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Old Dominion Freight Line's assets?
Raw Data
NasdaqGS:ODFL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $33.00
NasdaqGS:ODFL Share Price * NasdaqGS (2019-04-23) in USD $154.82
United States of America Transportation Industry PB Ratio Median Figure of 26 Publicly-Listed Transportation Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:ODFL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ODFL Share Price ÷ Book Value per Share (both in USD)

= 154.82 ÷ 33.00

4.69x

* Primary Listing of Old Dominion Freight Line.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is overvalued based on assets compared to the US Transportation industry average.
X
Value checks
We assess Old Dominion Freight Line's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check)
  5. Old Dominion Freight Line 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.

Future Performance

 How is Old Dominion Freight Line expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

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!
Annual Growth Rate
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Old Dominion Freight Line expected to grow at an attractive rate?
  • Old Dominion Freight Line's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Old Dominion Freight Line's earnings growth is positive but not above the United States of America market average.
  • Old Dominion Freight Line's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ODFL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ODFL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 5.7%
NasdaqGS:ODFL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 6%
United States of America Transportation Industry Earnings Growth Rate Market Cap Weighted Average 8.8%
United States of America Transportation Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
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
Raw Data
NasdaqGS:ODFL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ODFL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,749 699 3
2020-12-31 4,629 945 685 12
2019-12-31 4,346 893 638 12
NasdaqGS:ODFL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,044 900 606
2018-09-30 3,908 824 643
2018-06-30 3,723 722 572
2018-03-31 3,529 637 507
2017-12-31 3,358 536 464
2017-09-30 3,213 543 335
2017-06-30 3,122 512 318
2017-03-31 3,038 508 301
2016-12-31 2,992 566 296
2016-09-30 2,980 592 299
2016-06-30 2,977 592 298
2016-03-31 2,984 550 302

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Old Dominion Freight Line's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • Old Dominion Freight Line's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ODFL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Old Dominion Freight Line Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ODFL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 9.26 9.30 9.23 2.00
2020-12-31 8.54 8.80 8.10 13.00
2019-12-31 7.92 8.10 7.66 14.00
NasdaqGS:ODFL Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 7.39
2018-09-30 7.84
2018-06-30 6.96
2018-03-31 6.17
2017-12-31 5.63
2017-09-30 4.07
2017-06-30 3.86
2017-03-31 3.64
2016-12-31 3.56
2016-09-30 3.58
2016-06-30 3.54
2016-03-31 3.56

*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.
  • Old Dominion Freight Line is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Old Dominion Freight Line's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Old Dominion Freight Line 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.

Past Performance

  How has Old Dominion Freight Line 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
Below we compare Old Dominion Freight Line's growth in the last year to its industry (Transportation).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Old Dominion Freight Line has delivered over 20% year on year earnings growth in the past 5 years.
  • Old Dominion Freight Line's 1-year earnings growth exceeds its 5-year average (30.6% vs 20.9%)
  • Old Dominion Freight Line's earnings growth has exceeded the US Transportation industry average in the past year (30.6% vs -24.9%).
Earnings and Revenue History
Old Dominion Freight Line's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Old Dominion Freight Line Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ODFL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,043.70 605.67 163.79
2018-09-30 3,907.87 643.46 168.88
2018-06-30 3,722.62 572.33 165.09
2018-03-31 3,529.04 507.32 161.45
2017-12-31 3,358.11 463.77 152.04
2017-09-30 3,212.73 335.04 139.61
2017-06-30 3,122.36 318.30 132.32
2017-03-31 3,037.88 301.27 126.86
2016-12-31 2,991.52 295.77 126.59
2016-09-30 2,980.35 299.48 121.14
2016-06-30 2,977.21 298.27 124.10
2016-03-31 2,983.93 302.45 125.81
2015-12-31 2,972.44 304.69 125.76
2015-09-30 2,958.92 302.34 131.97
2015-06-30 2,923.03 295.88 128.86
2015-03-31 2,863.87 284.15 125.73
2014-12-31 2,787.90 267.51 121.50
2014-09-30 2,659.32 244.80 114.79
2014-06-30 2,532.19 227.04 109.45
2014-03-31 2,419.51 211.45 103.97
2013-12-31 2,337.65 206.11 101.89
2013-09-30 2,278.98 198.44 98.29
2013-06-30 2,213.03 189.33 94.43
2013-03-31 2,170.18 178.91 92.77
2012-12-31 2,134.58 169.45 89.58
2012-09-30 2,085.91 169.85 85.57
2012-06-30 2,029.88 157.44 83.53

*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.
  • Old Dominion Freight Line has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Old Dominion Freight Line used its assets more efficiently than the US Transportation industry average last year based on Return on Assets.
  • Old Dominion Freight Line has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Old Dominion Freight Line's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Old Dominion Freight Line has a total score of 6/6, 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.

Health

 How is Old Dominion Freight Line'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 Old Dominion Freight Line's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Old Dominion Freight Line is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Old Dominion Freight Line's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Old Dominion Freight Line's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 15.7x debt.
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.
Raw Data

All data from Old Dominion Freight Line Company Filings, last reported 3 months ago.

NasdaqGS:ODFL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,680.48 45.00 190.28
2018-09-30 2,616.93 45.00 177.47
2018-06-30 2,482.05 45.00 140.57
2018-03-31 2,358.75 45.00 159.94
2017-12-31 2,276.85 95.00 127.46
2017-09-30 2,087.02 95.00 78.09
2017-06-30 1,992.99 95.00 33.83
2017-03-31 1,909.36 95.00 47.55
2016-12-31 1,851.16 104.98 10.17
2016-09-30 1,793.48 193.13 15.01
2016-06-30 1,741.77 218.33 10.67
2016-03-31 1,700.28 125.32 7.13
2015-12-31 1,684.64 133.81 11.47
2015-09-30 1,647.41 185.38 11.41
2015-06-30 1,599.76 146.34 12.79
2015-03-31 1,543.26 148.55 113.04
2014-12-31 1,494.06 155.71 34.79
2014-09-30 1,429.73 183.92 8.17
2014-06-30 1,351.82 199.71 19.79
2014-03-31 1,277.97 180.71 41.24
2013-12-31 1,232.08 191.43 30.17
2013-09-30 1,184.93 206.11 12.10
2013-06-30 1,124.78 228.80 7.37
2013-03-31 1,066.52 219.33 29.18
2012-12-31 1,025.97 240.41 12.86
2012-09-30 986.49 282.81 6.90
2012-06-30 935.45 267.94 11.02
  • Old Dominion Freight Line's level of debt (1.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (15.5% vs 1.7% today).
  • Debt is well covered by operating cash flow (2000.3%, greater than 20% of total debt).
  • Old Dominion Freight Line earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Old Dominion Freight Line's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Old Dominion Freight Line has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Old Dominion Freight Line's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.44%
Current annual income from Old Dominion Freight Line dividends. Estimated to be 0.5% next year.
If you bought $2,000 of Old Dominion Freight Line shares you are expected to receive $9 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Old Dominion Freight Line's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • Old Dominion Freight Line'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.
Raw Data
NasdaqGS:ODFL Annualized Past and Future Dividends
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 Transportation Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
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.

NasdaqGS:ODFL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.92 3.00
2020-12-31 0.79 7.00
2019-12-31 0.69 7.00
NasdaqGS:ODFL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-07 0.680 0.459
2018-11-01 0.520 0.399
2018-07-30 0.520 0.353
2018-05-17 0.520 0.342
2018-05-07 0.520 0.360
2018-04-26 0.520 0.388
2018-02-27 0.520 0.360
2018-02-08 0.520 0.382
2017-10-30 0.400 0.305
2017-07-31 0.400 0.389
2017-05-17 0.400 0.426
2017-05-10 0.400 0.474
2017-04-27 0.400 0.459
2017-02-27 0.400 0.463
2017-02-02 0.400 0.440

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Old Dominion Freight Line is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Old Dominion Freight Line's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Old Dominion Freight Line's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Old Dominion Freight Line's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Old Dominion Freight Line's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Old Dominion Freight Line afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Old Dominion Freight Line has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Old Dominion Freight Line's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Gantt
COMPENSATION $3,264,422
AGE 62
TENURE AS CEO 0.9 years
CEO Bio

Mr. Greg C. Gantt has been the Chief Executive Officer of Old Dominion Freight Line Inc. since May 16, 2018 and has been its President since May 2015. Mr. Gantt served as Executive Vice President of Old Dominion Freight Line Inc. since June 30, 2011 until May 2015. Mr. Gantt served as Senior Vice President of Operations of Old Dominion Freight Line Inc. from January 2002 to June 30, 2011. He joined Old Dominion in November 1994 and served as one of its regional Vice President from November 1994 to January 2002. Mr. Gantt served in many operational capacities with Carolina Freight Carriers Corporation, including Vice President of its Southern Region. Mr. Gantt, through his ever-increasing roles and responsibilities with Old Dominion over the past 24 years, has played a critical role in the development of its operational plan and offers the Board significant expertise in LTL industry leadership and business strategy.

CEO Compensation
  • Greg's compensation has been consistent with company performance over the past year.
  • Greg'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 Old Dominion Freight Line management team in years:

1.9
Average Tenure
53
Average Age
  • The average tenure for the Old Dominion Freight Line management team is less than 2 years, this suggests a new team.
Management Team

Greg Gantt

TITLE
President
COMPENSATION
$3M
AGE
62
TENURE
0.9 yrs

Adam Satterfield

TITLE
Senior VP of Finance
COMPENSATION
$2M
AGE
43
TENURE
3.3 yrs

Marty Freeman

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
59
TENURE
0.9 yrs

Kimberly Maready

TITLE
Principal Accounting Officer and VP of Accounting & Finance
AGE
47
TENURE
1.9 yrs

Ross Parr

TITLE
Senior VP of Legal Affairs
AGE
46
TENURE
3.3 yrs

Sam Faucette

TITLE
Vice President of Safety & Compliance

Greg Plemmons

TITLE
Senior Vice President of Sales
AGE
53
TENURE
0.3 yrs

Christopher Brooks

TITLE
Senior Vice President of Human Resources & Safety
AGE
47
TENURE
1.3 yrs

Chip Overbey

TITLE
Senior Vice President of Strategic Development
COMPENSATION
$1M
AGE
56
TENURE
8.3 yrs

Dave Bates

TITLE
Senior Vice President of Operations
AGE
53
TENURE
7.5 yrs
Board of Directors Tenure

Average tenure and age of the Old Dominion Freight Line board of directors in years:

1.9
Average Tenure
64
Average Age
  • The average tenure for the Old Dominion Freight Line board of directors is less than 3 years, this suggests a new board.
Board of Directors

Earl Congdon

TITLE
Senior Executive Chairman
COMPENSATION
$7M
AGE
87
TENURE
0.9 yrs

David Congdon

TITLE
Executive Chairman of the Board
COMPENSATION
$7M
AGE
61
TENURE
0.9 yrs

Greg Gantt

TITLE
President
COMPENSATION
$3M
AGE
62
TENURE
0.9 yrs

John Kasarda

TITLE
Independent Director
COMPENSATION
$187K
AGE
72
TENURE
11.3 yrs

D. Wray

TITLE
Independent Director
COMPENSATION
$200K
AGE
57
TENURE
11.3 yrs

Leo Suggs

TITLE
Lead Independent Director
COMPENSATION
$177K
AGE
78
TENURE
0.3 yrs

John Congdon

TITLE
Director
COMPENSATION
$180K
AGE
61
TENURE
21.3 yrs

Brad Gabosch

TITLE
Independent Director
COMPENSATION
$180K
AGE
66
TENURE
2.9 yrs

Pat Hanley

TITLE
Independent Director
COMPENSATION
$182K
AGE
73
TENURE
2.9 yrs

Sherry Aaholm

TITLE
Independent Director
AGE
55
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • Old Dominion Freight Line insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Feb 19 Sell David Bates Individual 21. Feb 19 21. Feb 19 -1,951 $151.84 $-296,240
25. May 18 Sell Leo Suggs Individual 23. May 18 23. May 18 -800 $148.44 $-118,752
X
Management checks
We assess Old Dominion Freight Line's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Old Dominion Freight Line 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.

News

Simply Wall St News

What You Must Know About Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) Financial Health

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Old Dominion Freight Line, Inc. … With a market valuation of US$13b, ODFL 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 -

Is Old Dominion Freight Line's (NASDAQ:ODFL) 177% Share Price Increase Well Justified?

While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … During five years of share price growth, Old Dominion Freight Line achieved compound earnings per share (EPS) growth of 25% per year. … This EPS growth is reasonably close to the 23% average annual increase in the share price.

Simply Wall St -

Is There Now An Opportunity In Old Dominion Freight Line, Inc. (NASDAQ:ODFL)?

led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, what if the stock is still a bargain?

Simply Wall St -

A Close Look At Old Dominion Freight Line, Inc.’s (NASDAQ:ODFL) 26% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Do Analysts See Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Performing Over The Next Year?

(NASDAQ:ODFL) released its earnings announcement on 31 December 2018, … analyst consensus outlook appear cautiously subdued, … the higher past 5-year average growth rate of 21%.

Simply Wall St -

Should You Be Worried About Insider Transactions At Old Dominion Freight Line, Inc. (NASDAQ:ODFL)?

So we'll take a look at whether insiders have been buying or selling shares in Old Dominion Freight Line, Inc. … The Last 12 Months Of Insider Transactions At Old Dominion Freight Line. … All up, insiders sold more shares in Old Dominion Freight Line than they bought, over the last year.

Simply Wall St -

Old Dominion Freight Line, Inc. (NASDAQ:ODFL): What’s In It For The Shareholders?

I’ve analysed below, the health and outlook of Old Dominion Freight Line’s cash flow, which will help you understand the stock from a cash standpoint. … What is Old Dominion Freight Line's cash yield. … There are two methods I will use to evaluate the quality of Old Dominion Freight Line’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

What Kind Of Shareholder Owns Most Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Stock?

Every investor in Old Dominion Freight Line, Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Check out our latest analysis for Old Dominion Freight Line

Simply Wall St -

What Should We Expect From Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) Earnings In The Years Ahead?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings announcement Old Dominion Freight Line, Inc.

Simply Wall St -

Should You Be Tempted To Sell Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Because Of Its P/E Ratio?

Old Dominion Freight Line has a price to earnings ratio of 17.43, based on the last twelve months. … How Do I Calculate Old Dominion Freight Line's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2018, it owned 9,254 tractors, as well as operated 235 service and 39 maintenance centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

Details
Name: Old Dominion Freight Line, Inc.
ODFL
Exchange: NasdaqGS
Founded: 1934
$12,560,087,558
81,127,035
Website: http://www.odfl.com
Address: Old Dominion Freight Line, Inc.
500 Old Dominion Way,
Thomasville,
North Carolina, 27360,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ODFL Common Stock Nasdaq Global Select US USD 24. Oct 1991
DB ODF Common Stock Deutsche Boerse AG DE EUR 24. Oct 1991
Number of employees
Current staff
Staff numbers
21,279
Old Dominion Freight Line employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:41
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/27
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.