FEDEX CORP (FDX.DE) Stock Fundamental Analysis
FRA:FDX - US31428X1063 - Common Stock
191.62 EUR
-3.38 (-1.73%)
FDX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 13 industry peers in the Air Freight & Logistics industry. FDX scores excellent on profitability, but there are some minor concerns on its financial health. FDX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
FDX had positive earnings in the past year.
FDX had a positive operating cash flow in the past year.
FDX had positive earnings in each of the past 5 years.
FDX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 4.66%, FDX is doing good in the industry, outperforming 61.54% of the companies in the same industry.
FDX's Return On Equity of 14.55% is in line compared to the rest of the industry. FDX outperforms 53.85% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.29%, FDX is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
FDX had an Average Return On Invested Capital over the past 3 years of 6.03%. This is below the industry average of 8.27%.
The last Return On Invested Capital (6.29%) for FDX is above the 3 year average (6.03%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.66% | ||
| ROE | 14.55% | ||
| ROIC | 6.29% |
ROA(3y)4.73%
ROA(5y)4.99%
ROE(3y)15.15%
ROE(5y)16.47%
ROIC(3y)6.03%
ROIC(5y)6.27%
1.3 Margins
With a decent Profit Margin value of 4.65%, FDX is doing good in the industry, outperforming 76.92% of the companies in the same industry.
In the last couple of years the Profit Margin of FDX has grown nicely.
FDX has a better Operating Margin (6.92%) than 69.23% of its industry peers.
FDX's Operating Margin has improved in the last couple of years.
FDX has a better Gross Margin (70.95%) than 92.31% of its industry peers.
FDX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.92% | ||
| PM (TTM) | 4.65% | ||
| GM | 70.95% |
OM growth 3Y-0.28%
OM growth 5Y10.92%
PM growth 3Y4.41%
PM growth 5Y20.17%
GM growth 3Y1.06%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
FDX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
FDX has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, FDX has less shares outstanding
Compared to 1 year ago, FDX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.47 indicates that FDX is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.47, FDX is doing good in the industry, outperforming 69.23% of the companies in the same industry.
FDX has a debt to FCF ratio of 6.90. This is a slightly negative value and a sign of low solvency as FDX would need 6.90 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.90, FDX is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
A Debt/Equity ratio of 0.68 indicates that FDX is somewhat dependend on debt financing.
FDX has a better Debt to Equity ratio (0.68) than 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 6.9 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.86
WACC7.28%
2.3 Liquidity
A Current Ratio of 1.19 indicates that FDX should not have too much problems paying its short term obligations.
FDX has a Current ratio of 1.19. This is in the better half of the industry: FDX outperforms 61.54% of its industry peers.
FDX has a Quick Ratio of 1.15. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
FDX's Quick ratio of 1.15 is fine compared to the rest of the industry. FDX outperforms 69.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
FDX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.36%.
The Earnings Per Share has been growing by 13.92% on average over the past years. This is quite good.
Looking at the last year, FDX shows a small growth in Revenue. The Revenue has grown by 0.27% in the last year.
The Revenue has been growing slightly by 4.90% on average over the past years.
EPS 1Y (TTM)2.36%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%12.2%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%0.5%
3.2 Future
The Earnings Per Share is expected to grow by 11.46% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.62% on average over the next years.
EPS Next Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.24%
EPS Next 5Y11.46%
Revenue Next Year2.12%
Revenue Next 2Y2.93%
Revenue Next 3Y3.08%
Revenue Next 5Y3.62%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
The Price/Earnings ratio is 12.24, which indicates a correct valuation of FDX.
Based on the Price/Earnings ratio, FDX is valued a bit cheaper than 69.23% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.84, FDX is valued rather cheaply.
A Price/Forward Earnings ratio of 11.92 indicates a reasonable valuation of FDX.
FDX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. FDX is cheaper than 61.54% of the companies in the same industry.
FDX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.48, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 11.92 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FDX indicates a somewhat cheap valuation: FDX is cheaper than 61.54% of the companies listed in the same industry.
FDX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.66 | ||
| EV/EBITDA | 6.56 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of FDX may justify a higher PE ratio.
PEG (NY)4.54
PEG (5Y)0.88
EPS Next 2Y8.41%
EPS Next 3Y9.24%
5. Dividend
5.1 Amount
FDX has a Yearly Dividend Yield of 2.51%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.63, FDX has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, FDX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
On average, the dividend of FDX grows each year by 16.33%, which is quite nice.
Dividend Growth(5Y)16.33%
Div Incr Years4
Div Non Decr Years6
5.3 Sustainability
32.77% of the earnings are spent on dividend by FDX. This is a low number and sustainable payout ratio.
The dividend of FDX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.77%
EPS Next 2Y8.41%
EPS Next 3Y9.24%
FRA:FDX (9/3/2025, 7:00:00 PM)
191.62
-3.38 (-1.73%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners80.06%
Inst Owner ChangeN/A
Ins Owners8.42%
Ins Owner ChangeN/A
Market Cap45.21B
Analysts77.22
Price Target233.25 (21.73%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
Yearly Dividend4.75
Dividend Growth(5Y)16.33%
DP32.77%
Div Incr Years4
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.93%
Min EPS beat(2)-1.52%
Max EPS beat(2)3.38%
EPS beat(4)2
Avg EPS beat(4)-5.07%
Min EPS beat(4)-25.05%
Max EPS beat(4)3.38%
EPS beat(8)5
Avg EPS beat(8)0.74%
EPS beat(12)7
Avg EPS beat(12)0.62%
EPS beat(16)8
Avg EPS beat(16)0.26%
Revenue beat(2)2
Avg Revenue beat(2)0.63%
Min Revenue beat(2)0.3%
Max Revenue beat(2)0.95%
Revenue beat(4)2
Avg Revenue beat(4)-0.75%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)0.95%
Revenue beat(8)2
Avg Revenue beat(8)-1.23%
Revenue beat(12)2
Avg Revenue beat(12)-2.07%
Revenue beat(16)3
Avg Revenue beat(16)-1.49%
PT rev (1m)-0.45%
PT rev (3m)-7.71%
EPS NQ rev (1m)-0.36%
EPS NQ rev (3m)-14.06%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-7.67%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 11.92 | ||
| P/S | 0.6 | ||
| P/FCF | 17.66 | ||
| P/OCF | 7.48 | ||
| P/B | 1.88 | ||
| P/tB | 2.45 | ||
| EV/EBITDA | 6.56 |
EPS(TTM)15.65
EY8.17%
EPS(NY)16.08
Fwd EY8.39%
FCF(TTM)10.85
FCFY5.66%
OCF(TTM)25.61
OCFY13.36%
SpS319.98
BVpS102.17
TBVpS78.14
PEG (NY)4.54
PEG (5Y)0.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.66% | ||
| ROE | 14.55% | ||
| ROCE | 8.42% | ||
| ROIC | 6.29% | ||
| ROICexc | 6.81% | ||
| ROICexgc | 7.56% | ||
| OM | 6.92% | ||
| PM (TTM) | 4.65% | ||
| GM | 70.95% | ||
| FCFM | 3.39% |
ROA(3y)4.73%
ROA(5y)4.99%
ROE(3y)15.15%
ROE(5y)16.47%
ROIC(3y)6.03%
ROIC(5y)6.27%
ROICexc(3y)6.59%
ROICexc(5y)6.9%
ROICexgc(3y)7.32%
ROICexgc(5y)7.7%
ROCE(3y)8.07%
ROCE(5y)8.39%
ROICexcg growth 3Y-3.48%
ROICexcg growth 5Y12.86%
ROICexc growth 3Y-3.24%
ROICexc growth 5Y13.26%
OM growth 3Y-0.28%
OM growth 5Y10.92%
PM growth 3Y4.41%
PM growth 5Y20.17%
GM growth 3Y1.06%
GM growth 5Y0.21%
F-Score6
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 6.9 | ||
| Debt/EBITDA | 1.85 | ||
| Cap/Depr | 95.1% | ||
| Cap/Sales | 4.61% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.01% | ||
| Profit Quality | 72.96% | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.47 |
F-Score6
WACC7.28%
ROIC/WACC0.86
Cap/Depr(3y)121.23%
Cap/Depr(5y)137.83%
Cap/Sales(3y)5.79%
Cap/Sales(5y)6.32%
Profit Quality(3y)70.96%
Profit Quality(5y)74.93%
High Growth Momentum
Growth
EPS 1Y (TTM)2.36%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%12.2%
EPS Next Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.24%
EPS Next 5Y11.46%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%0.5%
Revenue Next Year2.12%
Revenue Next 2Y2.93%
Revenue Next 3Y3.08%
Revenue Next 5Y3.62%
EBIT growth 1Y-2.55%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.42%
EBIT Next 3Y25.18%
EBIT Next 5Y16.36%
FCF growth 1Y-4.94%
FCF growth 3Y-0.97%
FCF growth 5YN/A
OCF growth 1Y-15.35%
OCF growth 3Y-10.55%
OCF growth 5Y6.66%