NYSE:FDX

Stock Analysis Report

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Executive Summary

FedEx Corporation provides transportation, e-commerce, and business services worldwide. More Details


Snowflake Analysis

Proven track record average dividend payer.


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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FDX's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.9%

FDX

2.5%

US Logistics

2.8%

US Market


1 Year Return

79.5%

FDX

44.3%

US Logistics

20.7%

US Market

Return vs Industry: FDX exceeded the US Logistics industry which returned 44.4% over the past year.

Return vs Market: FDX exceeded the US Market which returned 19.8% over the past year.


Shareholder returns

FDXIndustryMarket
7 Day3.9%2.5%2.8%
30 Day10.5%8.1%12.3%
90 Day29.5%7.7%6.4%
1 Year82.6%79.5%47.6%44.3%23.4%20.7%
3 Year29.7%24.5%43.1%34.0%47.2%37.4%
5 Year95.9%84.8%94.0%72.8%94.1%72.7%

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

Valuation

Is FedEx undervalued compared to its fair value and its price relative to the market?

42.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FDX ($287.35) is trading above our estimate of fair value ($128.44)

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 (42.1x) compared to the US Logistics industry average (30.3x).

PE vs Market: FDX is poor value based on its PE Ratio (42.1x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: FDX is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: FDX is overvalued based on its PB Ratio (3.9x) compared to the US Logistics industry average (3.2x).


Next Steps

Future Growth

How is FedEx forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FDX's forecast earnings growth (13.7% per year) is above the savings rate (2.2%).

Earnings vs Market: FDX's earnings (13.7% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: FDX's revenue (5.6% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: FDX's revenue (5.6% 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 (17.5%).


Next Steps

Past Performance

How has FedEx performed over the past 5 years?

-2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FDX has high quality earnings.

Growing Profit Margin: FDX's current net profit margins (2.5%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: FDX's earnings have declined by 2.6% per year over the past 5 years.

Accelerating Growth: FDX's earnings growth over the past year (300.8%) exceeds its 5-year average (-2.6% per year).

Earnings vs Industry: FDX earnings growth over the past year (300.8%) exceeded the Logistics industry -26.8%.


Return on Equity

High ROE: FDX's Return on Equity (9.2%) is considered low.


Next Steps

Financial Health

How is FedEx's financial position?


Financial Position Analysis

Short Term Liabilities: FDX's short term assets ($18.9B) exceed its short term liabilities ($11.2B).

Long Term Liabilities: FDX's short term assets ($18.9B) do not cover its long term liabilities ($47.0B).


Debt to Equity History and Analysis

Debt Level: FDX's debt to equity ratio (117.2%) is considered high.

Reducing Debt: FDX's debt to equity ratio has increased from 47.7% to 117.2% over the past 5 years.

Debt Coverage: FDX's debt is well covered by operating cash flow (31.5%).

Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Next Steps

Dividend

What is FedEx current dividend yield, its reliability and sustainability?

0.90%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FDX's dividend (0.9%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: FDX's dividend (0.9%) is low compared to the top 25% of dividend payers in the US market (4.05%).


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 reasonably low payout ratio (38.1%), 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 well covered by earnings (16.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Frederick Smith (76 yo)

22.83yrs

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 ($USD11.13M) is about average for companies of similar size in the US market ($USD10.83M).

Compensation vs Earnings: Frederick's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Frederick Smith
Executive Chairman & CEO22.83yrsUS$11.13m7.44%
$ 5.6b
Rajesh Subramaniam
President0.83yrUS$5.15m0.023%
$ 17.7m
Robert Carter
Executive VP of FedEx Information Services & Chief Information Officer20.42yrsUS$4.71m0.021%
$ 15.6m
Alan Graf
Executive VP & Senior Advisor0.17yrUS$5.32m0.088%
$ 66.2m
Donald Colleran
President & CEO of FedEx1.67yrsUS$4.43m0.015%
$ 11.2m
Michael Lenz
Executive VP & CFO0.17yrno data0.0042%
$ 3.1m
John Merino
Corporate VP & Principal Accounting Officerno datano data0.010%
$ 7.8m
Mickey Foster
Vice President of Investor Relationsno datano datano data
Mark Allen
Executive VP3.08yrsUS$4.79m0.013%
$ 9.5m
Brie Carere
Executive VP and Chief Marketing & Communications Officer1.83yrsno data0.0044%
$ 3.3m
Herbert Nappier
Executive VP of Tax and Corporate Development & Treasurer0.42yrno datano data
Jill Brannon
Executive VP & Chief Sales Officer1.67yrsno data0.0053%
$ 4.0m

1.7yrs

Average Tenure

60yo

Average Age

Experienced Management: FDX's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Frederick Smith
Executive Chairman & CEO22.83yrsUS$11.13m7.44%
$ 5.6b
Rajesh Subramaniam
President0.83yrUS$5.15m0.023%
$ 17.7m
Paul Walsh
Independent Director24.83yrsUS$310.62k0.0050%
$ 3.7m
Shirley Jackson
Independent Director21.83yrsUS$295.62k0.0034%
$ 2.5m
Susan Schwab
Independent Director11.42yrsUS$295.62k0.0021%
$ 1.6m
David Steiner
Lead Independent Directorno dataUS$312.62k0.011%
$ 8.6m
R. Martin
Independent Director9.17yrsUS$320.62k0.021%
$ 15.6m
Susan Griffith
Independent Director2.67yrsUS$295.62k0.00094%
$ 709.3k
Marvin Ellison
Independent Director6.67yrsUS$295.62k0.0018%
$ 1.3m
Joshua Ramo
Independent Director9.17yrsUS$295.62k0.0011%
$ 837.6k
Kimberly Jabal
Independent Director6.92yrsUS$297.62k0.00094%
$ 709.3k
John Inglis
Independent Director5yrsUS$310.62k0.0019%
$ 1.4m

9.2yrs

Average Tenure

62.5yo

Average Age

Experienced Board: FDX's board of directors are considered experienced (9.2 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$75.456b
  • Shares outstanding: 262.59m
  • Website: https://www.fedex.com

Number of Employees


Location

  • FedEx Corporation
  • 942 South Shady Grove Road
  • Memphis
  • Tennessee
  • 38120
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FDXNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1992
FDX *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1992
FDXDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992
FDXXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1992
FDXSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1992
0QZXLSE (London Stock Exchange)YesCommon StockGBUSDJan 1992
FDXWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1992
FDXETLX (Eurotlx)YesCommon StockITEURJan 1992
FDXBVL (Bolsa de Valores de Lima)YesCommon StockPEUSDJan 1992
FDXBASE (Buenos Aires Stock Exchange)CEDEAR EACH 10 REP 1ARARSNov 2002
FDXB34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COM USD0.10BRBRLAug 2012

Biography

FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment off...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 23:15
End of Day Share Price2020/11/27 00:00
Earnings2020/08/31
Annual Earnings2020/05/31


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.