FEDEX CORP (FDX.DE) Stock Fundamental Analysis
FRA:FDX - Deutsche Boerse Ag - US31428X1063 - Common Stock - Currency: EUR
Overall FDX gets a fundamental rating of 5 out of 10. We evaluated FDX against 16 industry peers in the Air Freight & Logistics industry. FDX has an average financial health and profitability rating. 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.
In the past 5 years FDX has always been profitable.
Each year in the past 5 years FDX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.60%, FDX is in line with its industry, outperforming 56.25% of the companies in the same industry.
FDX's Return On Equity of 14.65% is in line compared to the rest of the industry. FDX outperforms 56.25% of its industry peers.
The Return On Invested Capital of FDX (6.22%) is comparable to the rest of the industry.
FDX had an Average Return On Invested Capital over the past 3 years of 6.15%. This is below the industry average of 8.55%.
The 3 year average ROIC (6.15%) for FDX is below the current ROIC(6.22%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 14.65% | ||
| ROIC | 6.22% |
ROA(3y)4.65%
ROA(5y)4.4%
ROE(3y)15.4%
ROE(5y)14.96%
ROIC(3y)6.15%
ROIC(5y)5.64%
1.3 Margins
Looking at the Profit Margin, with a value of 4.45%, FDX is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
FDX's Profit Margin has improved in the last couple of years.
FDX's Operating Margin of 6.80% is fine compared to the rest of the industry. FDX outperforms 62.50% of its industry peers.
In the last couple of years the Operating Margin of FDX has remained more or less at the same level.
FDX's Gross Margin of 70.84% is amongst the best of the industry. FDX outperforms 81.25% of its industry peers.
FDX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.8% | ||
| PM (TTM) | 4.45% | ||
| GM | 70.84% |
OM growth 3Y0.01%
OM growth 5Y0.72%
PM growth 3Y-7.43%
PM growth 5Y44.85%
GM growth 3Y0.01%
GM growth 5Y0.07%
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.
The number of shares outstanding for FDX has been reduced compared to 1 year ago.
The number of shares outstanding for FDX has been reduced compared to 5 years ago.
The debt/assets ratio for FDX has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.52 indicates that FDX is not a great score, but indicates only limited risk for bankruptcy at the moment.
FDX has a Altman-Z score of 2.52. This is in the better half of the industry: FDX outperforms 62.50% of its industry peers.
FDX has a debt to FCF ratio of 5.87. This is a neutral value as FDX would need 5.87 years to pay back of all of its debts.
FDX has a Debt to FCF ratio (5.87) which is in line with its industry peers.
A Debt/Equity ratio of 0.73 indicates that FDX is somewhat dependend on debt financing.
The Debt to Equity ratio of FDX (0.73) is better than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.87 | ||
| Altman-Z | 2.52 |
ROIC/WACC0.87
WACC7.11%
2.3 Liquidity
A Current Ratio of 1.24 indicates that FDX should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.24, FDX is doing good in the industry, outperforming 75.00% of the companies in the same industry.
FDX has a Quick Ratio of 1.19. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.19, FDX belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.33% over the past year.
Measured over the past 5 years, FDX shows a small growth in Earnings Per Share. The EPS has been growing by 2.78% on average per year.
FDX shows a small growth in Revenue. In the last year, the Revenue has grown by 0.34%.
FDX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.70% yearly.
EPS 1Y (TTM)1.33%
EPS 3Y-0.68%
EPS 5Y2.78%
EPS Q2Q%16.84%
Revenue 1Y (TTM)0.34%
Revenue growth 3Y1.46%
Revenue growth 5Y4.7%
Sales Q2Q%1.94%
3.2 Future
The Earnings Per Share is expected to grow by 11.33% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.89% on average over the next years.
EPS Next Y3.08%
EPS Next 2Y6.7%
EPS Next 3Y9.26%
EPS Next 5Y11.33%
Revenue Next Year-0.25%
Revenue Next 2Y1.19%
Revenue Next 3Y2.04%
Revenue Next 5Y2.89%
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 accelerating.
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 12.85 indicates a correct valuation of FDX.
FDX's Price/Earnings ratio is a bit cheaper when compared to the industry. FDX is cheaper than 68.75% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.57. FDX is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 11.13, the valuation of FDX can be described as reasonable.
Based on the Price/Forward Earnings ratio, FDX is valued cheaper than 87.50% of the companies in the same industry.
FDX is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.41, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.85 | ||
| Fwd PE | 11.13 |
4.2 Price Multiples
FDX's Enterprise Value to EBITDA is on the same level as the industry average.
FDX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.77 | ||
| EV/EBITDA | 6.66 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FDX does not grow enough to justify the current Price/Earnings ratio.
FDX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.18
PEG (5Y)4.63
EPS Next 2Y6.7%
EPS Next 3Y9.26%
5. Dividend
5.1 Amount
FDX has a Yearly Dividend Yield of 2.58%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.82, FDX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, FDX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
5.2 History
The dividend of FDX is nicely growing with an annual growth rate of 14.41%!
Dividend Growth(5Y)14.41%
Div Incr Years4
Div Non Decr Years6
5.3 Sustainability
33.69% 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.
DP33.69%
EPS Next 2Y6.7%
EPS Next 3Y9.26%
FRA:FDX (6/16/2025, 7:00:00 PM)
196.12
+2.44 (+1.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners77.86%
Inst Owner ChangeN/A
Ins Owners8.26%
Ins Owner ChangeN/A
Market Cap46.99B
Analysts76.11
Price Target247.73 (26.32%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
Yearly Dividend4.41
Dividend Growth(5Y)14.41%
DP33.69%
Div Incr Years4
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.64%
Min EPS beat(2)-1.64%
Max EPS beat(2)2.91%
EPS beat(4)2
Avg EPS beat(4)-5.92%
Min EPS beat(4)-25.05%
Max EPS beat(4)2.91%
EPS beat(8)4
Avg EPS beat(8)0.29%
EPS beat(12)6
Avg EPS beat(12)0.26%
EPS beat(16)7
Avg EPS beat(16)0%
Revenue beat(2)1
Avg Revenue beat(2)-0.71%
Min Revenue beat(2)-1.68%
Max Revenue beat(2)0.25%
Revenue beat(4)1
Avg Revenue beat(4)-1.2%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)0.25%
Revenue beat(8)1
Avg Revenue beat(8)-1.88%
Revenue beat(12)1
Avg Revenue beat(12)-2.29%
Revenue beat(16)3
Avg Revenue beat(16)-1.31%
PT rev (1m)-1.98%
PT rev (3m)-20.92%
EPS NQ rev (1m)-0.88%
EPS NQ rev (3m)-12.92%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.41%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)-1.99%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.85 | ||
| Fwd PE | 11.13 | ||
| P/S | 0.62 | ||
| P/FCF | 15.77 | ||
| P/OCF | 7.5 | ||
| P/B | 2.03 | ||
| P/tB | 2.65 | ||
| EV/EBITDA | 6.66 |
EPS(TTM)15.26
EY7.78%
EPS(NY)17.61
Fwd EY8.98%
FCF(TTM)12.44
FCFY6.34%
OCF(TTM)26.16
OCFY13.34%
SpS318.37
BVpS96.83
TBVpS73.87
PEG (NY)4.18
PEG (5Y)4.63
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 14.65% | ||
| ROCE | 8.39% | ||
| ROIC | 6.22% | ||
| ROICexc | 6.7% | ||
| ROICexgc | 7.41% | ||
| OM | 6.8% | ||
| PM (TTM) | 4.45% | ||
| GM | 70.84% | ||
| FCFM | 3.91% |
ROA(3y)4.65%
ROA(5y)4.4%
ROE(3y)15.4%
ROE(5y)14.96%
ROIC(3y)6.15%
ROIC(5y)5.64%
ROICexc(3y)6.77%
ROICexc(5y)6.22%
ROICexgc(3y)7.54%
ROICexgc(5y)6.96%
ROCE(3y)8.29%
ROCE(5y)7.61%
ROICexcg growth 3Y-1.89%
ROICexcg growth 5Y-5.08%
ROICexc growth 3Y-1.17%
ROICexc growth 5Y-3.51%
OM growth 3Y0.01%
OM growth 5Y0.72%
PM growth 3Y-7.43%
PM growth 5Y44.85%
GM growth 3Y0.01%
GM growth 5Y0.07%
F-Score6
Asset Turnover1.03
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.87 | ||
| Debt/EBITDA | 1.9 | ||
| Cap/Depr | 87.78% | ||
| Cap/Sales | 4.31% | ||
| Interest Coverage | 7.57 | ||
| Cash Conversion | 70.19% | ||
| Profit Quality | 87.7% | ||
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.19 | ||
| Altman-Z | 2.52 |
F-Score6
WACC7.11%
ROIC/WACC0.87
Cap/Depr(3y)146.31%
Cap/Depr(5y)151.28%
Cap/Sales(3y)6.66%
Cap/Sales(5y)7.09%
Profit Quality(3y)73.43%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.33%
EPS 3Y-0.68%
EPS 5Y2.78%
EPS Q2Q%16.84%
EPS Next Y3.08%
EPS Next 2Y6.7%
EPS Next 3Y9.26%
EPS Next 5Y11.33%
Revenue 1Y (TTM)0.34%
Revenue growth 3Y1.46%
Revenue growth 5Y4.7%
Sales Q2Q%1.94%
Revenue Next Year-0.25%
Revenue Next 2Y1.19%
Revenue Next 3Y2.04%
Revenue Next 5Y2.89%
EBIT growth 1Y-2.72%
EBIT growth 3Y1.47%
EBIT growth 5Y5.45%
EBIT Next Year67.17%
EBIT Next 3Y24.98%
EBIT Next 5Y16.62%
FCF growth 1Y63.46%
FCF growth 3Y-9.64%
FCF growth 5Y91.11%
OCF growth 1Y-18.96%
OCF growth 3Y-6.4%
OCF growth 5Y8.17%