FDX Stock Overview
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$142.90|
|52 Week High||US$266.79|
|52 Week Low||US$142.40|
|1 Month Change||-34.50%|
|3 Month Change||-40.48%|
|1 Year Change||-36.91%|
|3 Year Change||-1.83%|
|5 Year Change||-36.86%|
|Change since IPO||1,384.68%|
Recent News & Updates
FedEx Non-GAAP EPS of $3.44 beats by $0.64, revenue of $23.2B misses by $580M
FedEx press release (NYSE:FDX): FQ1 Non-GAAP EPS of $3.44 beats by $0.64. Revenue of $23.2B (+5.5% Y/Y) misses by $580M. FQ2 Outlook: Revenue of $23.5B to $24B vs. consensus of $23.78B; Earnings per diluted share of $2.65 or greater, and earnings per diluted share excluding costs related to business optimization initiatives and business realignment activities of $2.75 or greater vs. consensus of $2.80. Capital spending for fiscal year 2023 of $6.3B. Repurchase of $1.5B of FedEx common stock during fiscal 2023. The company expects to repurchase $1B common stock during the second quarter. In FY2023, the company expects to generate total cost savings of $2.2B to 2.7B.
FedEx Corporation's (NYSE:FDX) External Concerns Aren't Large Enough to Conceal Internal Weaknesses
FedEx Corporation (NYSE: FDX) faces one of the most significant single-day declines after it announced a recession. The company is now bracing for more challenging times ahead by restructuring its operations and undergoing cost-cutting measures.
|FDX||US Logistics||US Market|
Return vs Industry: FDX underperformed the US Logistics industry which returned -19.1% over the past year.
Return vs Market: FDX underperformed the US Market which returned -23% over the past year.
|FDX Average Weekly Movement||7.3%|
|Logistics Industry Average Movement||5.3%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FDX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: FDX's weekly volatility (7%) has been stable over the past year.
About the Company
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 enablement, 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|
Is FDX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FDX income statement (TTM)|
|Cost of Revenue||US$71.28b|
Last Reported Earnings
Aug 31, 2022
Next Earnings Date
Dec 20, 2022
|Earnings per share (EPS)||13.77|
|Net Profit Margin||3.78%|
How did FDX perform over the long term?See historical performance and comparison
3.2%Current Dividend Yield
Is FDX undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FDX?
Other financial metrics that can be useful for relative valuation.
|What is FDX's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FDX's PE Ratio compare to its peers?
|FDX PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ZTO ZTO Express (Cayman)
UPS United Parcel Service
CHRW C.H. Robinson Worldwide
EXPD Expeditors International of Washington
Price-To-Earnings vs Peers: FDX is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (14.6x).
Price to Earnings Ratio vs Industry
How does FDX's PE Ratio compare vs other companies in the Global Logistics Industry?
Price-To-Earnings vs Industry: FDX is good value based on its Price-To-Earnings Ratio (10.4x) compared to the Global Logistics industry average (13.2x)
Price to Earnings Ratio vs Fair Ratio
What is FDX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||10.4x|
|Fair PE Ratio||21.1x|
Price-To-Earnings vs Fair Ratio: FDX is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).
Share Price vs Fair Value
What is the Fair Price of FDX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FDX ($142.9) is trading below our estimate of fair value ($476.51)
Significantly Below Fair Value: FDX is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is FedEx forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDX's forecast earnings growth (16.7% per year) is above the savings rate (1.9%).
Earnings vs Market: FDX's earnings (16.7% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: FDX's earnings are forecast to grow, but not significantly.
Revenue vs Market: FDX's revenue (3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FDX's revenue (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 (17.9%).
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How has FedEx performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDX has high quality earnings.
Growing Profit Margin: FDX's current net profit margins (3.8%) are lower than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: FDX's earnings have grown by 5.4% 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 (-29.6%) over the past year, making it difficult to compare to the Logistics industry average (77.7%).
Return on Equity
High ROE: FDX's Return on Equity (14.3%) is considered low.
Discover strong past performing companies
How is FedEx's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FDX's short term assets ($19.6B) exceed its short term liabilities ($13.8B).
Long Term Liabilities: FDX's short term assets ($19.6B) do not cover its long term liabilities ($46.9B).
Debt to Equity History and Analysis
Debt Level: FDX's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: FDX's debt to equity ratio has reduced from 91.2% to 77.6% over the past 5 years.
Debt Coverage: FDX's debt is well covered by operating cash flow (47.9%).
Interest Coverage: FDX's interest payments on its debt are well covered by EBIT (9.2x coverage).
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What is FedEx current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FDX's dividend (3.22%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: FDX's dividend (3.22%) is low compared to the top 25% of dividend payers in the US market (4.57%).
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.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.7%), FDX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (41.6%), FDX's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Raj Subramaniam (56 yo)
Mr. Rajesh Subramaniam, also known as Raj, has been President at FedEx Corporation since March 1, 2019 and serves as its Director since January 27, 2020. He serves as Chief Executive Officer of FedEx Corpo...
CEO Compensation Analysis
|Raj Subramaniam's Compensation vs FedEx Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Aug 31 2022||n/a||n/a|
|May 31 2022||US$5m||US$1m|
|Feb 28 2022||n/a||n/a|
|Nov 30 2021||n/a||n/a|
|Aug 31 2021||n/a||n/a|
|May 31 2021||US$8m||US$988k|
|Feb 28 2021||n/a||n/a|
|Nov 30 2020||n/a||n/a|
|Aug 31 2020||n/a||n/a|
|May 31 2020||US$5m||US$968k|
Compensation vs Market: Raj's total compensation ($USD5.17M) is below average for companies of similar size in the US market ($USD13.05M).
Compensation vs Earnings: Raj's compensation has been consistent with company performance over the past year.
Experienced Management: FDX's management team is considered experienced (4.2 years average tenure).
Experienced Board: FDX's board of directors are considered experienced (9.9 years average tenure).
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
|05 Aug 22||SellUS$334,309||Jill Brannon||Individual||1,406||US$237.77|
|06 Jul 22||BuyUS$207,041||Vincenzo Vena||Individual||900||US$230.05|
|30 Jun 22||BuyUS$138,467||Amy Lane||Individual||607||US$228.42|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||105,791||0.04%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
FedEx Corporation's employee growth, exchange listings and data sources
- Name: FedEx Corporation
- Ticker: FDX
- Exchange: NYSE
- Founded: 1971
- Industry: Air Freight and Logistics
- Sector: Transportation
- Implied Market Cap: US$37.185b
- Shares outstanding: 260.22m
- Website: https://www.fedex.com
Number of Employees
- FedEx Corporation
- 942 South Shady Grove Road
- United States
|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||BVL (Bolsa de Valores de Lima)||Yes||Common Stock||PE||USD||Jan 1992|
|FDX||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH 10 REP 1||AR||ARS||Nov 2002|
|FDXD||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH 10 REP 1||AR||USD||Nov 2002|
|FDXB34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REPR 1 COM USD0.10||BR||BRL||Aug 2012|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/26 00:00|
|End of Day Share Price||2022/09/26 00:00|
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.