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. Both the health and profitability get an excellent rating, making EXPD a very profitable company, without any liquidiy or solvency issues. EXPD has a decent growth rate and is not valued too expensively. This makes EXPD very considerable 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.
In the past 5 years EXPD has always been profitable.
In the past 5 years EXPD always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 17.76%, EXPD belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
EXPD's Return On Equity of 36.96% is amongst the best of the industry. EXPD outperforms 90.91% of its industry peers.
The Return On Invested Capital of EXPD (29.26%) is better 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 12.73%.
| 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 has a better Profit Margin (7.64%) than 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.
EXPD has a Operating Margin of 9.88%. This is amongst the best in the industry. EXPD outperforms 90.91% of its industry peers.
EXPD's Operating Margin has been stable in the last couple of years.
The Gross Margin of EXPD (31.92%) is better than 77.27% of its industry peers.
EXPD's Gross Margin has been stable in the last couple of years.
| 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
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.
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
EXPD has an Altman-Z score of 8.16. This indicates that EXPD is financially healthy and has little risk of bankruptcy at the moment.
EXPD has a Altman-Z score of 8.16. This is amongst the best in the industry. EXPD outperforms 100.00% of its industry peers.
There is no outstanding debt for EXPD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.16 |
ROIC/WACC3.28
WACC8.93%
2.3 Liquidity
EXPD has a Current 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.
EXPD has a Current ratio of 1.83. This is in the better half of the industry: EXPD outperforms 72.73% of its industry peers.
A Quick Ratio of 1.83 indicates that EXPD should not have too much problems paying its short term obligations.
Looking at the Quick 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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.83 | ||
| Quick Ratio | 1.83 |
3. Growth
3.1 Past
EXPD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.42%, which is quite impressive.
EXPD shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.03% yearly.
EXPD shows a strong growth in Revenue. In the last year, the Revenue has grown by 24.07%.
Measured over the past years, EXPD shows a small growth in Revenue. The Revenue has been growing by 5.94% on average per year.
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-4.36%
EPS Next 2Y-1.03%
EPS Next 3Y1.49%
EPS Next 5Y4.44%
Revenue Next Year-0.21%
Revenue Next 2Y0.93%
Revenue Next 3Y1.11%
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
With a Price/Earnings ratio of 19.78, EXPD is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of EXPD indicates a somewhat cheap valuation: EXPD is cheaper than 63.64% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.28, EXPD is valued a bit cheaper.
With a Price/Forward Earnings ratio of 21.25, EXPD is valued on the expensive side.
Based on the Price/Forward Earnings ratio, EXPD is valued a bit cheaper than 68.18% of the companies in the same industry.
EXPD's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 21.25 |
4.2 Price Multiples
EXPD's Enterprise Value to EBITDA ratio is in line with the industry average.
72.73% of the companies in the same industry are more expensive than EXPD, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.3 | ||
| EV/EBITDA | 12.87 |
4.3 Compensation for Growth
EXPD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.79
EPS Next 2Y-1.03%
EPS Next 3Y1.49%
5. Dividend
5.1 Amount
EXPD has a Yearly Dividend Yield of 1.36%.
Compared to an average industry Dividend Yield of 3.94, EXPD pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.36, EXPD pays less dividend than the S&P500 average, which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
5.2 History
On average, the dividend of EXPD grows each year by 7.69%, which is quite nice.
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 24.16% 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.
DP24.16%
EPS Next 2Y-1.03%
EPS Next 3Y1.49%
119.07
+1.09 (+0.92%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners99.29%
Inst Owner Change0.14%
Ins Owners0.66%
Ins Owner Change0.88%
Market Cap16.31B
Analysts47.62
Price Target110.84 (-6.91%)
Short Float %4.05%
Short Ratio4.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
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)-3.56%
PT rev (3m)-6.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.5%
EPS NY rev (1m)0.53%
EPS NY rev (3m)-2.67%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.78 | ||
| Fwd PE | 21.25 | ||
| P/S | 1.47 | ||
| P/FCF | 21.3 | ||
| P/OCF | 20.15 | ||
| P/B | 7.13 | ||
| P/tB | 7.16 | ||
| EV/EBITDA | 12.87 |
EPS(TTM)6.02
EY5.06%
EPS(NY)5.6
Fwd EY4.71%
FCF(TTM)5.59
FCFY4.7%
OCF(TTM)5.91
OCFY4.96%
SpS80.76
BVpS16.69
TBVpS16.63
PEG (NY)N/A
PEG (5Y)1.79
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 | 8.16 |
F-Score6
WACC8.93%
ROIC/WACC3.28
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-4.36%
EPS Next 2Y-1.03%
EPS Next 3Y1.49%
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-0.21%
Revenue Next 2Y0.93%
Revenue Next 3Y1.11%
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%