FEDEX CORP (FDX.DE) Stock Fundamental Analysis
FRA:FDX - Deutsche Boerse Ag - US31428X1063 - Common Stock - Currency: EUR
Overall FDX gets a fundamental rating of 6 out of 10. We evaluated FDX against 16 industry peers in the Air Freight & Logistics industry. Both the health and profitability get an excellent rating, making FDX a very profitable company, without any liquidiy or solvency issues. FDX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year FDX was profitable.
In the past year FDX had a positive cash flow from operations.
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
With a decent Return On Assets value of 4.60%, FDX is doing good in the industry, outperforming 68.75% of the companies in the same industry.
Looking at the Return On Equity, with a value of 14.65%, FDX is in line with its industry, outperforming 50.00% of the companies in the same industry.
FDX has a better Return On Invested Capital (6.22%) than 62.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FDX is in line with the industry average of 7.27%.
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
With an excellent Profit Margin value of 4.45%, FDX belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
In the last couple of years the Profit Margin of FDX has grown nicely.
FDX's Operating Margin of 6.80% is fine compared to the rest of the industry. FDX outperforms 68.75% of its industry peers.
FDX's Operating Margin has been stable in the last couple of years.
FDX's Gross Margin of 70.84% is amongst the best of the industry. FDX outperforms 87.50% 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.
FDX has less shares outstanding than it did 1 year ago.
The number of shares outstanding for FDX has been reduced compared to 5 years ago.
FDX has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.50 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 2.50. This is in the better half of the industry: FDX outperforms 68.75% of its industry peers.
The Debt to FCF ratio of FDX is 5.87, which is a neutral value as it means it would take FDX, 5.87 years of fcf income to pay off all of its debts.
FDX has a Debt to FCF ratio of 5.87. This is in the better half of the industry: FDX outperforms 62.50% of 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 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.87 | ||
| Altman-Z | 2.5 |
ROIC/WACC0.85
WACC7.32%
2.3 Liquidity
FDX has a Current Ratio of 1.24. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
FDX has a better Current ratio (1.24) than 87.50% of its industry peers.
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 93.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.19 |
3. Growth
3.1 Past
FDX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.33%.
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.
The Revenue has been growing slightly by 0.34% in the past year.
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
FDX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.49% yearly.
FDX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.01% yearly.
EPS Next Y3.08%
EPS Next 2Y6.7%
EPS Next 3Y9.26%
EPS Next 5Y11.49%
Revenue Next Year-0.22%
Revenue Next 2Y1.29%
Revenue Next 3Y2.16%
Revenue Next 5Y3.01%
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 12.24 indicates a correct valuation of FDX.
Compared to the rest of the industry, the Price/Earnings ratio of FDX indicates a somewhat cheap valuation: FDX is cheaper than 75.00% of the companies listed in the same industry.
FDX is valuated cheaply when we compare the Price/Earnings ratio to 25.82, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.61 indicates a reasonable valuation of FDX.
FDX's Price/Forward Earnings ratio is rather cheap when compared to the industry. FDX is cheaper than 81.25% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.76. FDX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 10.61 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FDX.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FDX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.02 | ||
| EV/EBITDA | 6.53 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
FDX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.98
PEG (5Y)4.41
EPS Next 2Y6.7%
EPS Next 3Y9.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.55%, FDX has a reasonable but not impressive dividend return.
In the last 3 months the price of FDX has falen by -20.34%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
FDX's Dividend Yield is comparable with the industry average which is at 3.54.
Compared to an average S&P500 Dividend Yield of 2.39, FDX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.55% |
5.2 History
On average, the dividend of FDX grows each year by 14.41%, which is quite nice.
Dividend Growth(5Y)14.41%
Div Incr Years4
Div Non Decr Years6
5.3 Sustainability
FDX pays out 33.69% of its income as dividend. This is a sustainable payout ratio.
FDX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP33.69%
EPS Next 2Y6.7%
EPS Next 3Y9.26%
FRA:FDX (5/23/2025, 7:00:00 PM)
190.2
-2.08 (-1.08%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners78.66%
Inst Owner ChangeN/A
Ins Owners8.23%
Ins Owner ChangeN/A
Market Cap45.57B
Analysts76.11
Price Target252.74 (32.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.55% |
Yearly Dividend4.5
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)-7%
PT rev (3m)-18.37%
EPS NQ rev (1m)-0.53%
EPS NQ rev (3m)-12.15%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-4.41%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)-1.74%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.24 | ||
| Fwd PE | 10.61 | ||
| P/S | 0.59 | ||
| P/FCF | 15.02 | ||
| P/OCF | 7.14 | ||
| P/B | 1.93 | ||
| P/tB | 2.53 | ||
| EV/EBITDA | 6.53 |
EPS(TTM)15.54
EY8.17%
EPS(NY)17.93
Fwd EY9.43%
FCF(TTM)12.66
FCFY6.66%
OCF(TTM)26.63
OCFY14%
SpS324.08
BVpS98.57
TBVpS75.2
PEG (NY)3.98
PEG (5Y)4.41
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 | 2.5 |
F-Score6
WACC7.32%
ROIC/WACC0.85
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 5Y11.49%
Revenue 1Y (TTM)0.34%
Revenue growth 3Y1.46%
Revenue growth 5Y4.7%
Sales Q2Q%1.94%
Revenue Next Year-0.22%
Revenue Next 2Y1.29%
Revenue Next 3Y2.16%
Revenue Next 5Y3.01%
EBIT growth 1Y-2.72%
EBIT growth 3Y1.47%
EBIT growth 5Y5.45%
EBIT Next Year67.62%
EBIT Next 3Y25.29%
EBIT Next 5Y16.8%
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%