company background image
FDX

FedExNYSE:FDX Stock Report

Last Price

US$243.16

Market Cap

US$64.7b

7D

-3.6%

1Y

0.1%

Updated

26 Jan, 2022

Data

Company Financials +
FDX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends4/6

FDX Stock Overview

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally.

FedEx Competitors

United Parcel Service

NYSE:UPS

US$175.5b

Expeditors International of Washington

NasdaqGS:EXPD

US$19.4b

Atlas Air Worldwide Holdings

NasdaqGS:AAWW

US$2.3b

Air Transport Services Group

NasdaqGS:ATSG

US$1.9b

Price History & Performance

Summary of all time highs, changes and price drops for FedEx
Historical stock prices
Current Share PriceUS$243.16
52 Week HighUS$319.90
52 Week LowUS$216.34
Beta1.31
1 Month Change-5.11%
3 Month Change3.05%
1 Year Change0.14%
3 Year Change37.02%
5 Year Change30.54%
Change since IPO2,426.34%

Recent News & Updates

Jan 13

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.

Dec 17
 Analysts Were Behind the Curve on FedEx Corporation (NYSE:FDX)

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.

Dec 15
Estimating The Fair Value Of FedEx Corporation (NYSE:FDX)

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...

Dec 15

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

FDXUS LogisticsUS Market
7D-3.6%-2.7%-5.1%
1Y0.1%13.3%3.3%

Return vs Industry: FDX underperformed the US Logistics industry which returned 13.9% over the past year.

Return vs Market: FDX underperformed the US Market which returned 4.2% over the past year.

Price Volatility

Is FDX's price volatile compared to industry and market?
FDX volatility
FDX Average Weekly Movement3.5%
Logistics Industry Average Movement5.5%
Market Average Movement6.7%
10% most volatile stocks in US Market15.4%
10% least volatile stocks in US Market2.4%

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

FoundedEmployeesCEOWebsite
1971477,000Frederick Smithhttps://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

How do FedEx's earnings and revenue compare to its market cap?
FDX fundamental statistics
Market CapUS$64.66b
Earnings (TTM)US$4.91b
Revenue (TTM)US$89.55b

13.1x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FDX income statement (TTM)
RevenueUS$89.55b
Cost of RevenueUS$64.96b
Gross ProfitUS$24.59b
ExpensesUS$19.68b
EarningsUS$4.91b

Last Reported Earnings

Nov 30, 2021

Next Earnings Date

Mar 17, 2022

Earnings per share (EPS)18.52
Gross Margin27.46%
Net Profit Margin5.48%
Debt/Equity Ratio80.2%

How did FDX perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

16%

Payout Ratio

Valuation

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

18.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FDX ($244.04) is trading below our estimate of fair value ($296.91)

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 (17.3x).

PE vs Market: FDX is good value based on its PE Ratio (13.2x) compared to the US market (16.5x).


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?

9.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FDX's forecast earnings growth (9.4% per year) is above the savings rate (2%).

Earnings vs Market: FDX's earnings (9.4% per year) are forecast to grow slower than the US market (13% per year).

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

Revenue vs Market: FDX's revenue (4.4% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: FDX's revenue (4.4% 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?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FDX's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: FDX's dividend (1.23%) is low compared to the top 25% of dividend payers in the US market (3.57%).


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 ($USD14.33M) is about average for companies of similar size in the US market ($USD11.47M).

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$64.663b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/26 23:10
End of Day Share Price2022/01/26 00:00
Earnings2021/11/30
Annual Earnings2021/05/31


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.