| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
FDX Stock Overview
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally.
FedEx Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$244.91 |
| 52 Week High | US$319.90 |
| 52 Week Low | US$216.34 |
| Beta | 1.31 |
| 1 Month Change | -2.02% |
| 3 Month Change | 5.12% |
| 1 Year Change | -3.61% |
| 3 Year Change | 39.66% |
| 5 Year Change | 25.01% |
| Change since IPO | 2,444.52% |
Recent News & Updates
FedEx's Free Cash Flow Generation On The Mend, Shares Cheap
FedEx's free cash flow is on the up and up, despite hefty capital expenditures. We think shares look cheap on the basis of our fair value estimate, which we describe in detail how it is calculated. FedEx has significantly grown its dividend in recent years, and management remains committed to rewarding shareholders. Shares yield ~1.2%. Shares of FDX moved higher in the wake of FedEx’s latest earnings report and are steadily converging towards our fair value estimate ($295 per share) as of this writing.
Analysts Were Behind the Curve on FedEx Corporation (NYSE:FDX)
Despite strong performance early in the year, FedEx Corporation's (NYSE: FDX) has diverged from the broad market and the logistics sector following 2 consecutive earnings misses. In a way, those were due to high comparisons on the Y/Y basis due to considerable success in 2020, yet the latest earnings surprised the analysts.
Estimating The Fair Value Of FedEx Corporation (NYSE:FDX)
How far off is FedEx Corporation ( NYSE:FDX ) from its intrinsic value? Using the most recent financial data, we'll...
FedEx Earnings Preview: Still Bullish, But It's A Mid-2022 Recovery
The stock has underperformed the SP 500 dramatically this year, which should start to change in calendar '22. Hold the stock for a mid-'22 recovery. The valuation is reasonable at 10x forward earnings and the "price-to-sales" metric puts FDX currently at a 25%-30% discount to fair value. The February '22 quarter is a very tough compare - we might see some cautious guidance Thursday night.
Shareholder Returns
| FDX | US Logistics | US Market | |
|---|---|---|---|
| 7D | -4.4% | -3.9% | -4.0% |
| 1Y | -3.6% | 15.0% | 6.6% |
Return vs Industry: FDX underperformed the US Logistics industry which returned 15% over the past year.
Return vs Market: FDX underperformed the US Market which returned 6.6% over the past year.
Price Volatility
| FDX volatility | |
|---|---|
| FDX Average Weekly Movement | 3.4% |
| Logistics Industry Average Movement | 6.4% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: FDX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FDX's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1971 | 477,000 | Frederick Smith | https://www.fedex.com |
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences.
FedEx Fundamentals Summary
| FDX fundamental statistics | |
|---|---|
| Market Cap | US$64.89b |
| Earnings (TTM) | US$4.91b |
| Revenue (TTM) | US$89.55b |
13.2x
P/E Ratio0.7x
P/S RatioIs FDX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FDX income statement (TTM) | |
|---|---|
| Revenue | US$89.55b |
| Cost of Revenue | US$64.96b |
| Gross Profit | US$24.59b |
| Expenses | US$19.68b |
| Earnings | US$4.91b |
Last Reported Earnings
Nov 30, 2021
Next Earnings Date
Mar 17, 2022
| Earnings per share (EPS) | 18.52 |
| Gross Margin | 27.46% |
| Net Profit Margin | 5.48% |
| Debt/Equity Ratio | 80.2% |
How did FDX perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield16%
Payout RatioValuation
Is FedEx undervalued compared to its fair value and its price relative to the market?
17.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FDX ($244.91) is trading below our estimate of fair value ($297.65)
Significantly Below Fair Value: FDX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FDX is good value based on its PE Ratio (13.2x) compared to the US Logistics industry average (17.2x).
PE vs Market: FDX is good value based on its PE Ratio (13.2x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: FDX is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: FDX is good value based on its PB Ratio (2.6x) compared to the US Logistics industry average (3.2x).
Future Growth
How is FedEx forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?
9.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDX's forecast earnings growth (9.3% per year) is above the savings rate (2%).
Earnings vs Market: FDX's earnings (9.3% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: FDX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FDX's revenue (4.3% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: FDX's revenue (4.3% 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 (18%).
Past Performance
How has FedEx performed over the past 5 years?
3.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDX has high quality earnings.
Growing Profit Margin: FDX's current net profit margins (5.5%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: FDX's earnings have grown by 3.6% per year over the past 5 years.
Accelerating Growth: FDX's earnings growth over the past year (100.5%) exceeds its 5-year average (3.6% per year).
Earnings vs Industry: FDX earnings growth over the past year (100.5%) exceeded the Logistics industry 74.7%.
Return on Equity
High ROE: FDX's Return on Equity (19.7%) is considered low.
Financial Health
How is FedEx's financial position?
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($20.7B) exceed its short term liabilities ($13.9B).
Long Term Liabilities: FDX's short term assets ($20.7B) do not cover its long term liabilities ($45.4B).
Debt to Equity History and Analysis
Debt Level: FDX's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: FDX's debt to equity ratio has reduced from 93.6% to 80.2% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (45%).
Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (11.4x coverage).
Balance Sheet
Dividend
What is FedEx current dividend yield, its reliability and sustainability?
1.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FDX's dividend (1.22%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: FDX's dividend (1.22%) is low compared to the top 25% of dividend payers in the US market (3.55%).
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 (15.7%), 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 (13.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Frederick Smith (77 yo)
24yrs
Tenure
US$14,325,537
Compensation
Mr. Frederick W. Smith has been Chairman of FedEx Express since 1975. Mr. Smith has been the Chief Executive Officer of FedEx Corporation since January 1998 and served as its President from January 1998 to...
CEO Compensation Analysis
Compensation vs Market: Frederick's total compensation ($USD14.33M) is about average for companies of similar size in the US market ($USD11.42M).
Compensation vs Earnings: Frederick's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: FDX's management team is considered experienced (2.8 years average tenure).
Board Members
Experienced Board: FDX's board of directors are seasoned and experienced ( 10.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 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
- Implied Market Cap: US$64.894b
- Shares outstanding: 264.97m
- Website: https://www.fedex.com
Number of Employees
Location
- FedEx Corporation
- 942 South Shady Grove Road
- Memphis
- Tennessee
- 38120
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:34 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/11/30 |
| Annual Earnings | 2021/05/31 |
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.