Market Cap
US$42.1b
Last Updated
2020/02/20 00:29 UTC
Data Sources
Company Financials +
Executive Summary
FedEx Corporation provides transportation, e-commerce, and business services worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with limited growth.
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
Stable Share Price: FDX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.2%
FDX
0.9%
US Logistics
0.5%
US Market
1 Year Return
-11.6%
FDX
-2.5%
US Logistics
20.3%
US Market
Return vs Industry: FDX underperformed the US Logistics industry which returned -2.5% over the past year.
Return vs Market: FDX underperformed the US Market which returned 20.3% over the past year.
Shareholder returns
| FDX | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 0.9% | 0.5% |
| 30 Day | 2.3% | -4.3% | 2.0% |
| 90 Day | 2.9% | -2.8% | 9.4% |
| 1 Year | -10.2%-11.6% | -0.2%-2.5% | 22.8%20.3% |
| 3 Year | -12.7%-15.7% | 11.6%5.0% | 50.1%40.4% |
| 5 Year | -3.0%-7.7% | 18.8%7.0% | 73.1%54.1% |
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
1 week ago | Simply Wall St
If You Had Bought FedEx (NYSE:FDX) Stock Three Years Ago, You'd Be Sitting On A 18% Loss, Today3 weeks ago | Simply Wall St
Should You Use FedEx's (NYSE:FDX) Statutory Earnings To Analyse It?1 month ago | Simply Wall St
How Many FedEx Corporation (NYSE:FDX) Shares Did Insiders Buy, In The Last Year?Valuation
Is FedEx undervalued compared to its fair value and its price relative to the market?
568.35x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FDX ($161.14) is trading above our estimate of fair value ($40.02)
Significantly Below Fair Value: FDX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FDX is poor value based on its PE Ratio (568.3x) compared to the Logistics industry average (21.1x).
PE vs Market: FDX is poor value based on its PE Ratio (568.3x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: FDX is poor value based on its PEG Ratio (28.7x)
Price to Book Ratio
PB vs Industry: FDX is good value based on its PB Ratio (2.3x) compared to the US Logistics industry average (2.9x).
Next Steps
Future Growth
How is FedEx forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
19.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDX's forecast earnings growth (19.8% per year) is above the savings rate (1.7%).
Earnings vs Market: FDX's earnings (19.8% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: FDX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FDX's revenue (4.6% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FDX's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FDX's Return on Equity is forecast to be low in 3 years time (15.3%).
Next Steps
Past Performance
How has FedEx performed over the past 5 years?
6.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDX has a large one-off loss of $432.0M impacting its November 30 2019 financial results.
Growing Profit Margin: FDX's current net profit margins (0.1%) are lower than last year (7.2%).
Past Earnings Growth Analysis
Earnings Trend: FDX's earnings have grown by 6.6% 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 (-98.5%) over the past year, making it difficult to compare to the Logistics industry average (-4.5%).
Return on Equity
High ROE: FDX's Return on Equity (0.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is FedEx's financial position?
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($13.2B) exceed its short term liabilities ($10.5B).
Long Term Liabilities: FDX's short term assets ($13.2B) do not cover its long term liabilities ($40.7B).
Debt to Equity History and Analysis
Debt Level: FDX's debt to equity ratio (100.5%) is considered high.
Reducing Debt: FDX's debt to equity ratio has increased from 30.6% to 100.5% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (29.4%).
Interest Coverage: FDX's interest payments on its debt are not well covered by EBIT (1.7x 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?
1.61%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FDX's dividend (1.61%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: FDX's dividend (1.61%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
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 (917%), 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 (20.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Frederick Smith (75yo)
22.1yrs
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 above average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: Frederick's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.1yrs | US$15.96m | 7.47% $3.1b | |
| Executive VP & CFO | 22.1yrs | US$5.34m | 0.084% $35.2m | |
| Executive VP of FedEx Information Services & Chief Information Officer | 19.7yrs | US$5.96m | 0.018% $7.6m | |
| Executive VP | 2.3yrs | US$4.79m | 0.0084% $3.5m | |
| President & CEO of Fedex Ground | 6.7yrs | US$4.72m | 0.013% $5.3m | |
| President | 0.08yrs | no data | 0.016% $6.6m | |
| Corporate VP & Principal Accounting Officer | 0yrs | no data | 0.011% $4.7m | |
| Staff Vice President of Investor Relations | 0yrs | no data | no data | |
| Executive VP and Chief Marketing & Communications Officer | 1.1yrs | no data | 0.0025% $1.1m | |
| Executive VP & Chief Sales Officer | 0.9yrs | no data | 0.0045% $1.9m |
4.5yrs
Average Tenure
61yo
Average Age
Experienced Management: FDX's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 22.1yrs | US$15.96m | 7.47% $3.1b | |
| President | 0.08yrs | no data | 0.016% $6.6m | |
| Independent Director | 16.7yrs | US$331.37k | 0.030% $12.6m | |
| Independent Director | 24.1yrs | US$315.37k | 0.0046% $1.9m | |
| Independent Director | 21.1yrs | US$300.37k | 0.0034% $1.4m | |
| Independent Director | 10.7yrs | US$300.37k | 0.0020% $845.7k | |
| Lead Independent Director | 0yrs | US$321.37k | 0.010% $4.3m | |
| Independent Director | 8.4yrs | US$300.37k | 0.020% $8.4m | |
| Independent Director | 8.4yrs | US$300.37k | 0.0020% $845.7k | |
| Independent Director | 6.2yrs | US$306.37k | 0.00080% $336.6k |
10.7yrs
Average Tenure
64yo
Average Age
Experienced Board: FDX's board of directors are seasoned and experienced ( 10.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FDX insiders have bought more shares than they have sold 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
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$42.077b
- Shares outstanding: 261.12m
- 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 |
| FDX | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1992 |
| FDX | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH 2 REP 1 ORD USD0.10 | AR | ARS | Nov 2002 | |
| 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 segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages. The company’s FedEx Freight segment offers less-than-truckload and other freight delivery services. As of May 31, 2019, it operated approximately 28,000 vehicles and 373 service centers. The company’s FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and other back-office support services. It also offers FedEx Mobile, a suite of solutions to track packages, create shipping labels, view account-specific rate quotes, and access drop-off location information; FedEx Office, a suite of printing and shipping management solutions, including digital printing, professional finishing, document creation, direct mail, signs and graphics, copying, computer rental, Wi-Fi, and corporate print solutions; and packing services, supplies, and boxes, as well as FedEx Express and FedEx Ground shipping services. The company’s Corporate, Other and Eliminations segment offers international trade services in customs brokerage, and ocean and air freight forwarding services; cross-border enablement and technology solutions, and e-commerce transportation solutions; integrated supply chain management solutions; time-critical shipment services; and critical inventory and service parts logistics, 3-D printing, and technology repair. It also provides international trade advisory services, including assistance with the customs-trade partnership against terrorism program; and publishes customs duty and tax information. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 00:29 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/11/30 |
| 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.