EXPEDITORS INTL WASH INC (EXPD) Stock Fundamental Analysis
NYSE:EXPD - New York Stock Exchange, Inc. - US3021301094 - Common Stock - Currency: USD
We assign a fundamental rating of 7 out of 10 to EXPD. EXPD was compared to 22 industry peers in the Air Freight & Logistics industry. EXPD scores excellent points on both the profitability and health parts. This is a solid base for a good stock. EXPD is not valued too expensively and it also shows a decent growth rate. These ratings would make EXPD suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year EXPD was profitable.
EXPD had a positive operating cash flow in the past year.
In the past 5 years EXPD has always been profitable.
EXPD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of EXPD (17.76%) is better than 95.45% of its industry peers.
With an excellent Return On Equity value of 36.96%, EXPD belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
EXPD has a better Return On Invested Capital (29.26%) than 95.45% of its industry peers.
EXPD had an Average Return On Invested Capital over the past 3 years of 30.54%. This is significantly above the industry average of 12.50%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.76% | ||
| ROE | 36.96% | ||
| ROIC | 29.26% |
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.
EXPD's Profit Margin has been stable in the last couple of years.
EXPD has a better Operating Margin (9.88%) 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.
EXPD's Gross Margin of 31.92% is fine compared to the rest of the industry. EXPD outperforms 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 | 9.88% | ||
| PM (TTM) | 7.64% | ||
| GM | 31.92% |
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
EXPD has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, EXPD has less shares outstanding
The number of shares outstanding for EXPD has been reduced compared to 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
An Altman-Z score of 8.04 indicates that EXPD is not in any danger for bankruptcy at the moment.
EXPD has a better Altman-Z score (8.04) than 90.91% 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 | 8.04 |
ROIC/WACC3.25
WACC8.99%
2.3 Liquidity
A Current Ratio of 1.83 indicates that EXPD should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.83, EXPD is in the better half of the industry, outperforming 77.27% of the companies in the same industry.
EXPD has a Quick Ratio of 1.83. This is a normal value and indicates that EXPD is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of EXPD (1.83) is better than 77.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.83 |
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.
Looking at the last year, EXPD shows a very strong growth in Revenue. The Revenue has grown by 24.07%.
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)24.07%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%20.83%
3.2 Future
EXPD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.44% yearly.
EXPD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.80% yearly.
EPS Next Y-4.7%
EPS Next 2Y-1.1%
EPS Next 3Y1.73%
EPS Next 5Y4.44%
Revenue Next Year-0.08%
Revenue Next 2Y0.76%
Revenue Next 3Y1.24%
Revenue Next 5Y2.8%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
A Price/Earnings ratio of 19.17 indicates a rather expensive valuation of EXPD.
Compared to the rest of the industry, the Price/Earnings ratio of EXPD indicates a somewhat cheap valuation: EXPD is cheaper than 72.73% of the companies listed in the same industry.
EXPD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.69.
A Price/Forward Earnings ratio of 20.63 indicates a rather expensive valuation of EXPD.
EXPD's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. EXPD is cheaper than 68.18% of the companies in the same industry.
EXPD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.17 | ||
| Fwd PE | 20.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EXPD is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, EXPD is valued a bit cheaper than the industry average as 68.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.65 | ||
| EV/EBITDA | 12.44 |
4.3 Compensation for Growth
The excellent profitability rating of EXPD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.74
EPS Next 2Y-1.1%
EPS Next 3Y1.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.35%, EXPD has a reasonable but not impressive dividend return.
EXPD's Dividend Yield is a higher than the industry average which is at 3.91.
With a Dividend Yield of 1.35, EXPD pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
5.2 History
The dividend of EXPD is nicely growing with an annual growth rate of 7.69%!
EXPD has paid a dividend for at least 10 years, which is 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 24.16% of its income as dividend. This is a sustainable payout ratio.
EXPD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP24.16%
EPS Next 2Y-1.1%
EPS Next 3Y1.73%
115.43
+1.1 (+0.96%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners99.29%
Inst Owner Change-0.52%
Ins Owners0.66%
Ins Owner Change0.88%
Market Cap15.81B
Analysts47.62
Price Target111.81 (-3.14%)
Short Float %4.29%
Short Ratio4.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.35% |
Yearly Dividend1.45
Dividend Growth(5Y)7.69%
DP24.16%
Div Incr Years28
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.82%
Min EPS beat(2)4.92%
Max EPS beat(2)14.71%
EPS beat(4)3
Avg EPS beat(4)8.61%
Min EPS beat(4)-3.63%
Max EPS beat(4)18.42%
EPS beat(8)4
Avg EPS beat(8)1.85%
EPS beat(12)7
Avg EPS beat(12)1.89%
EPS beat(16)11
Avg EPS beat(16)5.69%
Revenue beat(2)2
Avg Revenue beat(2)2.59%
Min Revenue beat(2)2.04%
Max Revenue beat(2)3.13%
Revenue beat(4)4
Avg Revenue beat(4)7.62%
Min Revenue beat(4)2.04%
Max Revenue beat(4)20.34%
Revenue beat(8)4
Avg Revenue beat(8)-0.1%
Revenue beat(12)4
Avg Revenue beat(12)-2.93%
Revenue beat(16)8
Avg Revenue beat(16)0.72%
PT rev (1m)0.87%
PT rev (3m)-5.63%
EPS NQ rev (1m)-0.5%
EPS NQ rev (3m)-9.01%
EPS NY rev (1m)-0.35%
EPS NY rev (3m)-1.33%
Revenue NQ rev (1m)-0.44%
Revenue NQ rev (3m)-6.21%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)-0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.17 | ||
| Fwd PE | 20.63 | ||
| P/S | 1.43 | ||
| P/FCF | 20.65 | ||
| P/OCF | 19.54 | ||
| P/B | 6.92 | ||
| P/tB | 6.94 | ||
| EV/EBITDA | 12.44 |
EPS(TTM)6.02
EY5.22%
EPS(NY)5.6
Fwd EY4.85%
FCF(TTM)5.59
FCFY4.84%
OCF(TTM)5.91
OCFY5.12%
SpS80.76
BVpS16.69
TBVpS16.63
PEG (NY)N/A
PEG (5Y)1.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.76% | ||
| ROE | 36.96% | ||
| ROCE | 39.49% | ||
| ROIC | 29.26% | ||
| ROICexc | 55.91% | ||
| ROICexgc | 56.22% | ||
| OM | 9.88% | ||
| PM (TTM) | 7.64% | ||
| GM | 31.92% | ||
| FCFM | 6.92% |
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 Turnover2.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 71.76% | ||
| Cap/Sales | 0.39% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.18% | ||
| Profit Quality | 90.64% | ||
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.83 | ||
| Altman-Z | 8.04 |
F-Score6
WACC8.99%
ROIC/WACC3.25
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-4.7%
EPS Next 2Y-1.1%
EPS Next 3Y1.73%
EPS Next 5Y4.44%
Revenue 1Y (TTM)24.07%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%20.83%
Revenue Next Year-0.08%
Revenue Next 2Y0.76%
Revenue Next 3Y1.24%
Revenue Next 5Y2.8%
EBIT growth 1Y24.31%
EBIT growth 3Y-18.29%
EBIT growth 5Y6.31%
EBIT Next Year2.17%
EBIT Next 3Y1.87%
EBIT Next 5Y4.28%
FCF growth 1Y-64.87%
FCF growth 3Y-6.38%
FCF growth 5Y-1.18%
OCF growth 1Y-64.23%
OCF growth 3Y-5.91%
OCF growth 5Y-1.29%