NasdaqGS:ODFL

Stock Analysis Report

Executive Summary

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Old Dominion Freight Line's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

5.1%

ODFL

3.3%

US Transportation

1.0%

US Market


1 Year Return

37.2%

ODFL

13.1%

US Transportation

8.0%

US Market

Return vs Industry: ODFL exceeded the US Transportation industry which returned 13.1% over the past year.

Return vs Market: ODFL exceeded the US Market which returned 8% over the past year.


Shareholder returns

ODFLIndustryMarket
7 Day5.1%3.3%1.0%
30 Day6.0%1.0%-0.07%
90 Day11.9%-6.9%-1.0%
1 Year37.8%37.2%15.1%13.1%10.4%8.0%
3 Year156.1%153.3%86.9%78.0%46.2%36.7%
5 Year156.5%153.7%69.5%54.8%64.3%46.2%

Price Volatility Vs. Market

How volatile is Old Dominion Freight Line's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Old Dominion Freight Line undervalued compared to its fair value and its price relative to the market?

22.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ODFL ($179.89) is trading above our estimate of fair value ($158.1)

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


Price To Earnings Ratio

PE vs Industry: ODFL is poor value based on its PE Ratio (22.8x) compared to the Transportation industry average (17.8x).

PE vs Market: ODFL is poor value based on its PE Ratio (22.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: ODFL is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: ODFL is overvalued based on its PB Ratio (5.2x) compared to the US Transportation industry average (2.3x).


Next Steps

Future Growth

How is Old Dominion Freight Line forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ODFL's forecast earnings growth (6.8% per year) is above the savings rate (2.7%).

Earnings vs Market: ODFL's earnings (6.8% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: ODFL's revenue (5.9% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: ODFL's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ODFL's Return on Equity is forecast to be high in 3 years time (20.7%)


Next Steps

Past Performance

How has Old Dominion Freight Line performed over the past 5 years?

21.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ODFL's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: ODFL's earnings growth over the past year (11.9%) is below its 5-year average (21.8% per year).

Earnings vs Industry: ODFL earnings growth over the past year (11.9%) exceeded the Transportation industry -43.6%.


Return on Equity

High ROE: ODFL's Return on Equity (22.9%) is considered high.


Return on Assets

ROA vs Industry: ODFL has a higher Return on Assets than the Transportation industry average last year.


Return on Capital Employed

ROCE Improving: ODFL has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Old Dominion Freight Line's financial position?


Financial Position Analysis

Short Term Liabilities: ODFL's short term assets ($741.4M) exceeds its short term liabilities ($386.1M)

Long Term Liabilities: ODFL's short term assets (741.4M) exceeds its long term liabilities (574.1M)


Debt to Equity History and Analysis

Debt Level: ODFL's debt to equity ratio (1.6%) is considered satisfactory

Reducing Debt: ODFL's debt to equity ratio has reduced from 14.5% to 1.6% over the past 5 years.

Debt Coverage: ODFL's debt is well covered by operating cash flow (2082.9%).

Interest Coverage: ODFL earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ODFL has a high level of physical assets or inventory.

Debt Coverage by Assets: ODFL's debt is covered by short term assets (assets are 16.476000x debt).


Next Steps

Dividend

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

0.38%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Old Dominion Freight Line before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company0.4%marketbottom25%1.4%markettop25%3.7%industryaverage1.7%forecastin3Years0.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ODFL's dividend (0.38%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: ODFL's dividend (0.38%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: ODFL is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: ODFL is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ODFL is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ODFL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Greg Gantt (63yo)

1.4yrs

Tenure

US$4,832,630

Compensation

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 D ...


CEO Compensation Analysis

Compensation vs. Market: Greg has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Greg's compensation has increased by more than 20% in the past year.


Management Age and Tenure

2.4yrs

Average Tenure

54yo

Average Age

Experienced Management: ODFL's management team is considered experienced (2.4 years average tenure).


Board Age and Tenure

7.6yrs

Average Tenure

65yo

Average Age

Experienced Board: ODFL's board of directors are considered experienced (7.6 years average tenure).


Insider Trading

Insider Buying: ODFL insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$4,990,25121 Aug 19
David Congdon
EntityIndividual
Role
Member of the Board of Directors
Executive Chairman of the Board
Shares30,150
Max PriceUS$165.99
SellUS$204,07407 Aug 19
Gregory Plemmons
EntityIndividual
Role
Head of Sales
Senior Vice President of Sales
Shares1,249
Max PriceUS$163.39
SellUS$9,392,29205 Aug 19
Earl Congdon
EntityIndividual
Role
Member of the Board of Directors
Senior Executive Chairman
Shares56,400
Max PriceUS$166.53
SellUS$296,24022 Feb 19
David Bates
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Operations
Shares1,951
Max PriceUS$151.84

Ownership Breakdown


Management Team

  • Ross Parr (47yo)

    Senior VP of Legal Affairs

    • Tenure: 3.8yrs
  • Greg Gantt (63yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$4.83m
  • Chip Overbey (57yo)

    Senior Vice President of Strategic Development

    • Tenure: 8.8yrs
    • Compensation: US$2.15m
  • Marty Freeman (60yo)

    Executive VP & COO

    • Tenure: 1.4yrs
    • Compensation: US$2.73m
  • Dave Bates (54yo)

    Senior Vice President of Operations

    • Tenure: 8yrs
  • Sam Faucette

    Vice President of Safety & Compliance

    • Tenure: 0yrs
  • Adam Satterfield (44yo)

    Senior VP of Finance

    • Tenure: 3.8yrs
    • Compensation: US$2.14m
  • Kimberly Maready (48yo)

    Principal Accounting Officer and VP of Accounting & Finance

    • Tenure: 2.4yrs
  • Christopher Brooks (48yo)

    Senior Vice President of Human Resources & Safety

    • Tenure: 1.8yrs
  • Greg Plemmons (54yo)

    Senior Vice President of Sales

    • Tenure: 0.8yrs

Board Members

  • Leo Suggs (79yo)

    Lead Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$202.18k
  • Earl Congdon (88yo)

    Senior Executive Chairman

    • Tenure: 67.8yrs
    • Compensation: US$5.85m
  • David Congdon (62yo)

    Executive Chairman of the Board

    • Tenure: 21.4yrs
    • Compensation: US$9.66m
  • John Congdon (62yo)

    Director

    • Tenure: 21.8yrs
    • Compensation: US$200.02k
  • John Kasarda (73yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$213.58k
  • Pat Hanley (74yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$201.52k
  • D. Wray (58yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$224.44k
  • Greg Gantt (63yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$4.83m
  • Brad Gabosch (67yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$203.55k
  • Sherry Aaholm (56yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$168.28k

Company Information

Old Dominion Freight Line, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Old Dominion Freight Line, Inc.
  • Ticker: ODFL
  • Exchange: NasdaqGS
  • Founded: 1934
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: US$14.392b
  • Shares outstanding: 80.01m
  • Website: https://www.odfl.com

Number of Employees


Location

  • Old Dominion Freight Line, Inc.
  • 500 Old Dominion Way
  • Thomasville
  • North Carolina
  • 27360
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ODFLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 1991
ODFDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1991

Biography

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 expe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:41
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.