EXPEDITORS INTL WASH INC (EXPD) Stock Fundamental Analysis
USA - NYSE:EXPD - US3021301094 - Common Stock
120.44 USD
+0.52 (+0.43%)
120.44 USD
0 (0%)
Overall EXPD gets a fundamental rating of 7 out of 10. We evaluated EXPD against 23 industry peers in the Air Freight & Logistics industry. Both the health and profitability get an excellent rating, making EXPD a very profitable company, without any liquidiy or solvency issues. EXPD has a correct valuation and a medium growth rate. These ratings could make EXPD a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
In the past year EXPD was profitable.
In the past year EXPD had a positive cash flow from operations.
EXPD had positive earnings in each of the past 5 years.
Each year in the past 5 years EXPD had a positive operating cash flow.
1.2 Ratios
EXPD has a Return On Assets of 17.82%. This is amongst the best in the industry. EXPD outperforms 95.65% of its industry peers.
The Return On Equity of EXPD (38.85%) is better than 100.00% of its industry peers.
The Return On Invested Capital of EXPD (30.98%) is better than 95.65% 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 11.80%.
The last Return On Invested Capital (30.98%) for EXPD is above the 3 year average (30.54%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.82% | ||
| ROE | 38.85% | ||
| ROIC | 30.98% |
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 has a better Profit Margin (7.57%) than 95.65% of its industry peers.
EXPD's Profit Margin has been stable in the last couple of years.
EXPD has a Operating Margin of 9.90%. This is amongst the best in the industry. EXPD outperforms 95.65% of its industry peers.
EXPD's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 32.19%, EXPD is doing good in the industry, outperforming 78.26% of the companies in the same industry.
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 | 9.9% | ||
| PM (TTM) | 7.57% | ||
| GM | 32.19% |
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.
EXPD has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, EXPD has less shares outstanding
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 7.96. This indicates that EXPD is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 7.96, EXPD belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
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 | 7.96 |
ROIC/WACC3.58
WACC8.66%
2.3 Liquidity
EXPD has a Current Ratio of 1.73. 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 Current ratio of 1.73. This is in the better half of the industry: EXPD outperforms 69.57% of its industry peers.
EXPD has a Quick Ratio of 1.73. 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 Quick ratio of 1.73. This is in the better half of the industry: EXPD outperforms 73.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.73 |
3. Growth
3.1 Past
EXPD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.11%, which is quite impressive.
The Earnings Per Share has been growing by 11.03% on average over the past years. This is quite good.
EXPD shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.70%.
The Revenue has been growing slightly by 5.94% on average over the past years.
EPS 1Y (TTM)29.11%
EPS 3Y-11.53%
EPS 5Y11.03%
EPS Q2Q%8.06%
Revenue 1Y (TTM)23.7%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%8.73%
3.2 Future
The Earnings Per Share is expected to grow by 4.80% on average over the next years.
Based on estimates for the next years, EXPD will show a small growth in Revenue. The Revenue will grow by 3.20% on average per year.
EPS Next Y-1.87%
EPS Next 2Y-0.02%
EPS Next 3Y2.17%
EPS Next 5Y4.8%
Revenue Next Year3.03%
Revenue Next 2Y1.56%
Revenue Next 3Y1.86%
Revenue Next 5Y3.2%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.68 indicates a rather expensive valuation of EXPD.
Based on the Price/Earnings ratio, EXPD is valued a bit cheaper than 65.22% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.69, EXPD is valued a bit cheaper.
With a Price/Forward Earnings ratio of 21.06, EXPD is valued on the expensive side.
69.57% 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 (23.18), we can say EXPD is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.68 | ||
| Fwd PE | 21.06 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EXPD indicates a somewhat cheap valuation: EXPD is cheaper than 60.87% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, EXPD is valued cheaply inside the industry as 82.61% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.09 | ||
| EV/EBITDA | 12.8 |
4.3 Compensation for Growth
The excellent profitability rating of EXPD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.78
EPS Next 2Y-0.02%
EPS Next 3Y2.17%
5. Dividend
5.1 Amount
EXPD has a Yearly Dividend Yield of 1.30%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.76, EXPD pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, EXPD's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.69%
Div Incr Years28
Div Non Decr Years31
5.3 Sustainability
EXPD pays out 24.11% 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.
DP24.11%
EPS Next 2Y-0.02%
EPS Next 3Y2.17%
120.44
+0.52 (+0.43%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners99.24%
Inst Owner Change-0.02%
Ins Owners0.66%
Ins Owner Change0.43%
Market Cap16.28B
Analysts48.7
Price Target115.19 (-4.36%)
Short Float %4.42%
Short Ratio4.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend1.45
Dividend Growth(5Y)7.69%
DP24.11%
Div Incr Years28
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.58%
Min EPS beat(2)4.92%
Max EPS beat(2)6.23%
EPS beat(4)4
Avg EPS beat(4)11.07%
Min EPS beat(4)4.92%
Max EPS beat(4)18.42%
EPS beat(8)5
Avg EPS beat(8)3.55%
EPS beat(12)7
Avg EPS beat(12)2.03%
EPS beat(16)11
Avg EPS beat(16)5.34%
Revenue beat(2)2
Avg Revenue beat(2)4.21%
Min Revenue beat(2)2.04%
Max Revenue beat(2)6.37%
Revenue beat(4)4
Avg Revenue beat(4)7.97%
Min Revenue beat(4)2.04%
Max Revenue beat(4)20.34%
Revenue beat(8)5
Avg Revenue beat(8)3.01%
Revenue beat(12)5
Avg Revenue beat(12)-2.02%
Revenue beat(16)8
Avg Revenue beat(16)0.86%
PT rev (1m)0.42%
PT rev (3m)3.02%
EPS NQ rev (1m)0.2%
EPS NQ rev (3m)4.73%
EPS NY rev (1m)0.26%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)1.54%
Revenue NQ rev (3m)2.67%
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)3.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.68 | ||
| Fwd PE | 21.06 | ||
| P/S | 1.44 | ||
| P/FCF | 20.09 | ||
| P/OCF | 18.89 | ||
| P/B | 7.41 | ||
| P/tB | 7.44 | ||
| EV/EBITDA | 12.8 |
EPS(TTM)6.12
EY5.08%
EPS(NY)5.72
Fwd EY4.75%
FCF(TTM)6
FCFY4.98%
OCF(TTM)6.38
OCFY5.29%
SpS83.42
BVpS16.25
TBVpS16.19
PEG (NY)N/A
PEG (5Y)1.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.82% | ||
| ROE | 38.85% | ||
| ROCE | 41.8% | ||
| ROIC | 30.98% | ||
| ROICexc | 54.63% | ||
| ROICexgc | 54.92% | ||
| OM | 9.9% | ||
| PM (TTM) | 7.57% | ||
| GM | 32.19% | ||
| FCFM | 7.19% |
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-Score8
Asset Turnover2.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 86.48% | ||
| Cap/Sales | 0.46% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 73.28% | ||
| Profit Quality | 95% | ||
| Current Ratio | 1.73 | ||
| Quick Ratio | 1.73 | ||
| Altman-Z | 7.96 |
F-Score8
WACC8.66%
ROIC/WACC3.58
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)29.11%
EPS 3Y-11.53%
EPS 5Y11.03%
EPS Q2Q%8.06%
EPS Next Y-1.87%
EPS Next 2Y-0.02%
EPS Next 3Y2.17%
EPS Next 5Y4.8%
Revenue 1Y (TTM)23.7%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%8.73%
Revenue Next Year3.03%
Revenue Next 2Y1.56%
Revenue Next 3Y1.86%
Revenue Next 5Y3.2%
EBIT growth 1Y30.68%
EBIT growth 3Y-18.29%
EBIT growth 5Y6.31%
EBIT Next Year5.02%
EBIT Next 3Y1.99%
EBIT Next 5Y4.63%
FCF growth 1Y-55.17%
FCF growth 3Y-6.38%
FCF growth 5Y-1.18%
OCF growth 1Y-53.73%
OCF growth 3Y-5.91%
OCF growth 5Y-1.29%