Market Cap
US$39.3b
Last Updated
2019/10/16 23:35 UTC
Data Sources
Company Financials +
Executive Summary
FedEx Corporation provides transportation, e-commerce, and business services worldwide.
Snowflake
Fundamentals
Average dividend payer and slightly overvalued.
Similar Companies
Share Price & News
How has FedEx's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
8.3%
FDX
4.6%
US Logistics
2.3%
US Market
1 Year Return
-32.5%
FDX
-8.5%
US Logistics
5.6%
US Market
Return vs Industry: FDX underperformed the US Logistics industry which returned -8.5% over the past year.
Return vs Market: FDX underperformed the US Market which returned 5.6% over the past year.
Shareholder returns
| FDX | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.3% | 4.6% | 2.3% |
| 30 Day | -13.1% | -5.1% | -1.0% |
| 90 Day | -8.8% | 6.3% | -0.7% |
| 1 Year | -31.5%-32.5% | -6.4%-8.5% | 7.9%5.6% |
| 3 Year | -8.6%-11.6% | 16.5%8.7% | 45.6%36.3% |
| 5 Year | -0.3%-4.9% | 31.2%17.7% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is FedEx's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Why FedEx Corporation's (NYSE:FDX) CEO Pay Matters To You1 week ago | Simply Wall St
R. Martin Is The Independent Director of FedEx Corporation (NYSE:FDX) And They Just Spent US$254k On Shares3 weeks ago | Simply Wall St
Is Now An Opportune Moment To Examine FedEx Corporation (NYSE:FDX)?Valuation
Is FedEx undervalued compared to its fair value and its price relative to the market?
7.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: FDX ($150.77) is trading below our estimate of fair value ($162.09)
Significantly Undervalued: FDX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FDX is poor value based on its PE Ratio (87.6x) compared to the Logistics industry average (23.1x).
PE vs Market: FDX is poor value based on its PE Ratio (87.6x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: FDX is poor value based on its PEG Ratio (5.6x)
Price to Book Ratio
PB vs Industry: FDX is good value based on its PB Ratio (2.2x) compared to the US Logistics industry average (3.1x).
Next Steps
Future Growth
How is FedEx forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
15.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDX's forecast earnings growth (15.6% per year) is above the savings rate (2.7%).
Earnings vs Market: FDX's earnings (15.6% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: FDX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FDX's revenue (4.9% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: FDX's revenue (4.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: FDX's Return on Equity is forecast to be low in 3 years time (16.3%).
Next Steps
Past Performance
How has FedEx performed over the past 5 years?
11.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: FDX's earnings have grown by 11.3% per year over the past 5 years.
Accelerating Growth: FDX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FDX had negative earnings growth (-90.7%) over the past year, making it difficult to compare to the Logistics industry average (-9.9%).
Return on Equity
High ROE: FDX's Return on Equity (2.5%) is considered low.
Return on Assets
ROA vs Industry: FDX's Return on Assets is below or equal to the Logistics industry average last year.
Return on Capital Employed
ROCE Improving: FDX's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is FedEx's financial position?
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($13.0B) exceeds its short term liabilities ($9.9B)
Long Term Liabilities: FDX's short term assets (13.0B) do not cover its long term liabilities (40.4B)
Debt to Equity History and Analysis
Debt Level: FDX's debt to equity ratio (103.3%) is considered high
Reducing Debt: FDX's debt to equity ratio has increased from 31.3% to 103.3% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (29.2%).
Interest Coverage: FDX's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Inventory Level: FDX has a high level of physical assets or inventory.
Debt Coverage by Assets: FDX's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is FedEx's current dividend yield, its reliability and sustainability?
1.72%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: FDX's dividend (1.72%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: FDX's dividend (1.72%) is low compared to the top 25% of dividend payers in the US market (3.76%).
Stable Dividend: FDX's dividends per share have been stable in the past 10 years.
Growing Dividend: FDX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (151%), FDX's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FDX's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).
Next Steps
Management
What is the CEO of FedEx's salary, the management and board of directors tenure and is there insider trading?
4.2yrs
Average management tenure
CEO
Frederick Smith (75yo)
21.8yrs
Tenure
US$15,961,974
Compensation
Mr. Frederick W. Smith has been Chairman of FedEx Express since 1975. Mr. Smith has been the Chief Executive Officer of FedEx Corporation since January 1998 and served as its President from January 1998 to ...
CEO Compensation Analysis
Compensation vs. Market: Frederick's total compensation ($USD15.96M) is about average for companies of similar size in the US market ($USD11.23M).
Compensation vs Earnings: Frederick's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.2yrs
Average Tenure
61yo
Average Age
Experienced Management: FDX's management team is considered experienced (4.2 years average tenure).
Board Age and Tenure
10.3yrs
Average Tenure
64yo
Average Age
Experienced Board: FDX's board of directors are seasoned and experienced ( 10.3 years average tenure).
Insider Trading
Insider Buying: FDX insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,750 |
| Max Price | US$145.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 600 |
| Max Price | US$167.69 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 7,000 |
| Max Price | US$162.92 |
Ownership Breakdown
Management Team
Alan Graf (65yo)
Executive VP & CFO
- Tenure: 21.8yrs
- Compensation: US$5.34m
Rob Carter (59yo)
Executive VP of FedEx Information Services & Chief Information Officer
- Tenure: 19.3yrs
- Compensation: US$5.96m
Frederick Smith (75yo)
Founder
- Tenure: 21.8yrs
- Compensation: US$15.96m
John Merino
Corporate VP & Principal Accounting Officer
- Tenure: 0yrs
Raj Subramaniam (53yo)
President & COO
- Tenure: 0.6yrs
Henry Maier (65yo)
President & CEO of Fedex Ground
- Tenure: 6.3yrs
- Compensation: US$4.72m
Mark Allen (63yo)
Executive VP
- Tenure: 2yrs
- Compensation: US$4.79m
Mickey Foster
Staff Vice President of Investor Relations
- Tenure: 0yrs
Brie Carere (41yo)
Executive VP and Chief Marketing & Communications Officer
- Tenure: 0.8yrs
Jill Brannon (55yo)
Executive VP & Chief Sales Officer
- Tenure: 0.6yrs
Board Members
John Edwardson (70yo)
Independent Director
- Tenure: 16.3yrs
- Compensation: US$331.37k
Frederick Smith (75yo)
Founder
- Tenure: 21.8yrs
- Compensation: US$15.96m
Paul Walsh (64yo)
Independent Director
- Tenure: 23.8yrs
- Compensation: US$315.37k
Shirley Jackson (72yo)
Independent Director
- Tenure: 20.8yrs
- Compensation: US$300.37k
Susan Schwab (64yo)
Independent Director
- Tenure: 10.3yrs
- Compensation: US$300.37k
David Steiner (59yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$321.37k
R. Martin (67yo)
Independent Director
- Tenure: 8.1yrs
- Compensation: US$300.37k
Joshua Ramo (50yo)
Independent Director
- Tenure: 8.1yrs
- Compensation: US$300.37k
Kim Jabal (50yo)
Independent Director
- Tenure: 5.8yrs
- Compensation: US$306.37k
Chris Inglis (64yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: US$315.37k
Company Information
FedEx Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: FedEx Corporation
- Ticker: FDX
- Exchange: NYSE
- Founded: 1971
- Industry: Air Freight and Logistics
- Sector: Transportation
- Market Cap: US$39.337b
- Shares outstanding: 260.91m
- Website: https://www.fedex.com
Number of Employees
Location
- FedEx Corporation
- 942 South Shady Grove Road
- Memphis
- Tennessee
- 38120
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FDX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1992 |
| FDX * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1992 |
| FDX | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1992 |
| FDX | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1992 |
| FDX | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1992 |
| 0QZX | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1992 |
| FDX | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1992 |
| FDXB34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM USD0.10 | BR | BRL | Aug 2012 |
Biography
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company’s FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground s ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:35 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/08/31 |
| Annual Earnings | 2019/05/31 |
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.