EXPEDITORS INTL WASH INC (EXPD) Stock Fundamental Analysis
NYSE:EXPD - New York Stock Exchange, Inc. - US3021301094 - Common Stock - Currency: USD
Taking everything into account, EXPD scores 7 out of 10 in our fundamental rating. EXPD was compared to 22 industry peers in the Air Freight & Logistics industry. EXPD gets an excellent profitability rating and is at the same time showing great financial health properties. EXPD has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year EXPD was profitable.
EXPD had a positive operating cash flow in the past year.
EXPD had positive earnings in each of the past 5 years.
EXPD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EXPD has a better Return On Assets (17.04%) than 95.45% of its industry peers.
Looking at the Return On Equity, with a value of 36.44%, EXPD belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
EXPD has a better Return On Invested Capital (28.71%) than 95.45% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EXPD is significantly above the industry average of 11.75%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.04% | ||
| ROE | 36.44% | ||
| ROIC | 28.71% |
ROA(3y)19.32%
ROA(5y)18.13%
ROE(3y)37.19%
ROE(5y)35.65%
ROIC(3y)30.54%
ROIC(5y)30.2%
1.3 Margins
EXPD's Profit Margin of 7.64% is amongst the best of the industry. EXPD outperforms 90.91% of its industry peers.
In the last couple of years the Profit Margin of EXPD has remained more or less at the same level.
The Operating Margin of EXPD (9.82%) is better than 90.91% of its industry peers.
In the last couple of years the Operating Margin of EXPD has remained more or less at the same level.
The Gross Margin of EXPD (32.20%) is better than 77.27% of its industry peers.
In the last couple of years the Gross Margin of EXPD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.82% | ||
| PM (TTM) | 7.64% | ||
| GM | 32.2% |
OM growth 3Y-5.26%
OM growth 5Y0.34%
PM growth 3Y-3.72%
PM growth 5Y0.57%
GM growth 3Y6.02%
GM growth 5Y-0.6%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), EXPD is creating value.
The number of shares outstanding for EXPD has been reduced compared to 1 year ago.
EXPD has less shares outstanding than it did 5 years ago.
EXPD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
EXPD has an Altman-Z score of 7.88. This indicates that EXPD is financially healthy and has little risk of bankruptcy at the moment.
EXPD's Altman-Z score of 7.88 is amongst the best of the industry. EXPD outperforms 95.45% of its industry peers.
EXPD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 7.88 |
ROIC/WACC3.15
WACC9.1%
2.3 Liquidity
EXPD has a Current Ratio of 1.77. This is a normal value and indicates that EXPD is financially healthy and should not expect problems in meeting its short term obligations.
EXPD has a better Current ratio (1.77) than 77.27% of its industry peers.
EXPD has a Quick Ratio of 1.77. This is a normal value and indicates that EXPD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.77, EXPD belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 25.42% over the past year.
The Earnings Per Share has been growing by 11.03% on average over the past years. This is quite good.
EXPD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.98%.
The Revenue has been growing slightly by 5.94% on average over the past years.
EPS 1Y (TTM)25.42%
EPS 3Y-11.53%
EPS 5Y11.03%
EPS Q2Q%25.64%
Revenue 1Y (TTM)13.98%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%20.83%
3.2 Future
The Earnings Per Share is expected to grow by 5.47% on average over the next years.
EXPD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.91% yearly.
EPS Next Y-4.87%
EPS Next 2Y-1.33%
EPS Next 3Y1.49%
EPS Next 5Y5.47%
Revenue Next Year-0.21%
Revenue Next 2Y0.93%
Revenue Next 3Y1.11%
Revenue Next 5Y3.91%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.34, the valuation of EXPD can be described as rather expensive.
Based on the Price/Earnings ratio, EXPD is valued a bit cheaper than 63.64% of the companies in the same industry.
EXPD is valuated rather cheaply when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 20.90 indicates a rather expensive valuation of EXPD.
68.18% of the companies in the same industry are more expensive than EXPD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of EXPD to the average of the S&P500 Index (22.43), we can say EXPD is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.34 | ||
| Fwd PE | 20.9 |
4.2 Price Multiples
EXPD's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EXPD indicates a somewhat cheap valuation: EXPD is cheaper than 72.73% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.48 | ||
| EV/EBITDA | 13.5 |
4.3 Compensation for Growth
The excellent profitability rating of EXPD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.75
EPS Next 2Y-1.33%
EPS Next 3Y1.49%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.34%, EXPD has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.89, EXPD pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, EXPD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.34% |
5.2 History
The dividend of EXPD is nicely growing with an annual growth rate of 7.69%!
EXPD has been paying a dividend for at least 10 years, so it has a reliable track record.
EXPD has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.69%
Div Incr Years28
Div Non Decr Years31
5.3 Sustainability
EXPD pays out 25.19% of its income as dividend. This is a sustainable payout ratio.
The dividend of EXPD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP25.19%
EPS Next 2Y-1.33%
EPS Next 3Y1.49%
116.4
-1.74 (-1.47%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners96.11%
Inst Owner Change0.29%
Ins Owners0.64%
Ins Owner Change0.75%
Market Cap16.04B
Analysts47.62
Price Target114.93 (-1.26%)
Short Float %3.75%
Short Ratio3.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.34% |
Yearly Dividend1.45
Dividend Growth(5Y)7.69%
DP25.19%
Div Incr Years28
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.56%
Min EPS beat(2)14.71%
Max EPS beat(2)18.42%
EPS beat(4)3
Avg EPS beat(4)8.89%
Min EPS beat(4)-3.63%
Max EPS beat(4)18.42%
EPS beat(8)4
Avg EPS beat(8)2.05%
EPS beat(12)7
Avg EPS beat(12)2.75%
EPS beat(16)11
Avg EPS beat(16)8.98%
Revenue beat(2)2
Avg Revenue beat(2)11.74%
Min Revenue beat(2)3.13%
Max Revenue beat(2)20.34%
Revenue beat(4)3
Avg Revenue beat(4)6.45%
Min Revenue beat(4)-2.62%
Max Revenue beat(4)20.34%
Revenue beat(8)3
Avg Revenue beat(8)-2.04%
Revenue beat(12)4
Avg Revenue beat(12)-2.39%
Revenue beat(16)8
Avg Revenue beat(16)1.79%
PT rev (1m)-2.99%
PT rev (3m)-2.26%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)8.3%
EPS NY rev (1m)-1.51%
EPS NY rev (3m)-0.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.51%
Revenue NY rev (1m)-0.9%
Revenue NY rev (3m)-0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.34 | ||
| Fwd PE | 20.9 | ||
| P/S | 1.51 | ||
| P/FCF | 23.48 | ||
| P/OCF | 22.17 | ||
| P/B | 7.21 | ||
| P/tB | 7.24 | ||
| EV/EBITDA | 13.5 |
EPS(TTM)6.02
EY5.17%
EPS(NY)5.57
Fwd EY4.78%
FCF(TTM)4.96
FCFY4.26%
OCF(TTM)5.25
OCFY4.51%
SpS76.95
BVpS16.14
TBVpS16.08
PEG (NY)N/A
PEG (5Y)1.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.04% | ||
| ROE | 36.44% | ||
| ROCE | 38.74% | ||
| ROIC | 28.71% | ||
| ROICexc | 50.12% | ||
| ROICexgc | 50.38% | ||
| OM | 9.82% | ||
| PM (TTM) | 7.64% | ||
| GM | 32.2% | ||
| FCFM | 6.44% |
ROA(3y)19.32%
ROA(5y)18.13%
ROE(3y)37.19%
ROE(5y)35.65%
ROIC(3y)30.54%
ROIC(5y)30.2%
ROICexc(3y)64.47%
ROICexc(5y)61.05%
ROICexgc(3y)64.82%
ROICexgc(5y)61.36%
ROCE(3y)41.22%
ROCE(5y)40.76%
ROICexcg growth 3Y-8.56%
ROICexcg growth 5Y2.64%
ROICexc growth 3Y-8.6%
ROICexc growth 5Y2.66%
OM growth 3Y-5.26%
OM growth 5Y0.34%
PM growth 3Y-3.72%
PM growth 5Y0.57%
GM growth 3Y6.02%
GM growth 5Y-0.6%
F-Score6
Asset Turnover2.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 66.24% | ||
| Cap/Sales | 0.38% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 65.62% | ||
| Profit Quality | 84.3% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 7.88 |
F-Score6
WACC9.1%
ROIC/WACC3.15
Cap/Depr(3y)91.91%
Cap/Depr(5y)85.93%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.41%
Profit Quality(3y)123.17%
Profit Quality(5y)103.12%
High Growth Momentum
Growth
EPS 1Y (TTM)25.42%
EPS 3Y-11.53%
EPS 5Y11.03%
EPS Q2Q%25.64%
EPS Next Y-4.87%
EPS Next 2Y-1.33%
EPS Next 3Y1.49%
EPS Next 5Y5.47%
Revenue 1Y (TTM)13.98%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%20.83%
Revenue Next Year-0.21%
Revenue Next 2Y0.93%
Revenue Next 3Y1.11%
Revenue Next 5Y3.91%
EBIT growth 1Y10.78%
EBIT growth 3Y-18.29%
EBIT growth 5Y6.31%
EBIT Next Year4.43%
EBIT Next 3Y1.99%
EBIT Next 5Y5.28%
FCF growth 1Y-32.65%
FCF growth 3Y-6.38%
FCF growth 5Y-1.18%
OCF growth 1Y-31.32%
OCF growth 3Y-5.91%
OCF growth 5Y-1.29%