Market Cap
US$78.9b
Last Updated
2021/06/24 13:56 UTC
Data Sources
Company Financials +
Executive Summary
FedEx Corporation provides transportation, e-commerce, and business services worldwide. More Details
Snowflake Analysis
Average dividend payer with mediocre balance sheet.
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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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: FDX's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.4%
FDX
0.8%
US Logistics
0.5%
US Market
1 Year Return
118.5%
FDX
69.5%
US Logistics
42.6%
US Market
Return vs Industry: FDX exceeded the US Logistics industry which returned 69.5% over the past year.
Return vs Market: FDX exceeded the US Market which returned 42.6% over the past year.
Shareholder returns
| FDX | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | 0.8% | 0.5% |
| 30 Day | -3.6% | -3.8% | 1.9% |
| 90 Day | 5.7% | 16.9% | 7.9% |
| 1 Year | 121.2%118.5% | 72.3%69.5% | 44.9%42.6% |
| 3 Year | 36.4%31.2% | 66.0%56.4% | 64.4%54.1% |
| 5 Year | 107.4%95.9% | 123.8%99.6% | 128.3%102.7% |
Long-Term 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
3 days ago | Simply Wall St
FedEx Corporation (NYSE:FDX) Passed Our Checks, And It's About To Pay A US$0.75 Dividend1 week ago | Simply Wall St
A Note On FedEx Corporation's (NYSE:FDX) ROE and Debt To Equity3 weeks ago | Simply Wall St
If You Had Bought FedEx (NYSE:FDX) Shares A Year Ago You'd Have Earned 141% ReturnsValuation
Is FedEx undervalued compared to its fair value and its price relative to the market?
25.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FDX ($297.37) is trading above our estimate of fair value ($241.94)
Significantly Below Fair Value: FDX is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FDX is good value based on its PE Ratio (25.8x) compared to the US Logistics industry average (27.1x).
PE vs Market: FDX is poor value based on its PE Ratio (25.8x) compared to the US market (19.2x).
Price to Earnings Growth Ratio
PEG Ratio: FDX is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: FDX's PB Ratio (3.6x) is in line with the US Logistics industry average.
Future Growth
How is FedEx forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
9.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDX's forecast earnings growth (9.5% per year) is above the savings rate (2%).
Earnings vs Market: FDX's earnings (9.5% per year) are forecast to grow slower than the US market (15.7% per year).
High Growth Earnings: FDX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FDX's revenue (5% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: FDX's revenue (5% 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 (17.5%).
Past Performance
How has FedEx performed over the past 5 years?
-5.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDX has high quality earnings.
Growing Profit Margin: FDX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: FDX's earnings have declined by 5.5% per year over the past 5 years.
Accelerating Growth: FDX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: FDX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Logistics industry (20.4%).
Return on Equity
High ROE: FDX's Return on Equity (13.8%) is considered low.
Financial Health
How is FedEx's financial position?
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($21.7B) exceed its short term liabilities ($13.6B).
Long Term Liabilities: FDX's short term assets ($21.7B) do not cover its long term liabilities ($47.2B).
Debt to Equity History and Analysis
Debt Level: FDX's debt to equity ratio (104.2%) is considered high.
Reducing Debt: FDX's debt to equity ratio has increased from 59.7% to 104.2% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (40.2%).
Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (6.6x coverage).
Balance Sheet
Dividend
What is FedEx current dividend yield, its reliability and sustainability?
1.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FDX's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.3%).
High Dividend: FDX's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (3.46%).
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 low payout ratio (22.6%), FDX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FDX's dividends in 3 years are forecast to be thoroughly covered by earnings (14.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Frederick Smith (76 yo)
23.42yrs
Tenure
US$11,125,799
Compensation
Mr. Frederick W. Smith has been Chairman of FedEx Express since 1975. Mr. Smith has been the Chief Executive Officer of FedEx Corporation since January 1998 and served as its President from January 1998 to...
CEO Compensation Analysis
Compensation vs Market: Frederick's total compensation ($USD11.13M) is about average for companies of similar size in the US market ($USD11.28M).
Compensation vs Earnings: Frederick's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FDX's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: FDX's board of directors are considered experienced (9.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FDX 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
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$78.905b
- Shares outstanding: 265.34m
- Website: https://www.fedex.com
Number of Employees
Location
- FedEx Corporation
- 942 South Shady Grove Road
- Memphis
- Tennessee
- 38120
- United States
Listings
Biography
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company’s FedEx Express segment offers express transportation, small-package ground delivery, and freight transpo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/06/24 13:56 |
| End of Day Share Price | 2021/06/23 00:00 |
| Earnings | 2021/02/28 |
| Annual Earnings | 2020/05/31 |
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.