FEDEX CORP (FDX.DE) Stock Fundamental Analysis
FRA:FDX - Deutsche Boerse Ag - US31428X1063 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to FDX. FDX was compared to 13 industry peers in the Air Freight & Logistics industry. While FDX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FDX has a correct valuation and a medium growth rate.
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.
Each year in the past 5 years FDX has been profitable.
In the past 5 years FDX always reported a positive cash flow from operatings.
1.2 Ratios
FDX's Return On Assets of 4.66% is fine compared to the rest of the industry. FDX outperforms 69.23% of its industry peers.
FDX has a Return On Equity of 14.55%. This is in the better half of the industry: FDX outperforms 61.54% of its industry peers.
The Return On Invested Capital of FDX (6.29%) is better than 69.23% 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 6.49%.
The 3 year average ROIC (6.03%) for FDX is below the current ROIC(6.29%), indicating increased profibility in the last year.
| 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 an excellent Profit Margin value of 4.65%, FDX belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
FDX's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 6.92%, FDX is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
FDX's Operating Margin has improved in the last couple of years.
FDX has a better Gross Margin (70.95%) than 84.62% of its industry peers.
In the last couple of years the Gross Margin of FDX has remained more or less at the same level.
| 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.
Compared to 1 year ago, FDX has less shares outstanding
The number of shares outstanding for FDX has been reduced compared to 5 years ago.
FDX has a worse debt/assets ratio than last year.
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 76.92% of the companies in the same industry.
The Debt to FCF ratio of FDX is 6.90, which is on the high side as it means it would take FDX, 6.90 years of fcf income to pay off all of its debts.
FDX has a Debt to FCF ratio of 6.90. This is comparable to the rest of the industry: FDX outperforms 53.85% of its industry peers.
FDX has a Debt/Equity ratio of 0.68. This is a neutral value indicating FDX is somewhat dependend on debt financing.
The Debt to Equity ratio of FDX (0.68) is better than 76.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 6.9 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.86
WACC7.31%
2.3 Liquidity
A Current Ratio of 1.19 indicates that FDX should not have too much problems paying its short term obligations.
FDX's Current ratio of 1.19 is fine compared to the rest of the industry. FDX outperforms 76.92% of its industry peers.
A Quick Ratio of 1.15 indicates that FDX should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.15, FDX is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
| 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%.
FDX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.92% yearly.
The Revenue has been growing slightly by 0.27% in the past year.
Measured over the past years, FDX shows a small growth in Revenue. The Revenue has been growing by 4.90% on average per year.
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 14.47% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.58% on average over the next years.
EPS Next Y2.85%
EPS Next 2Y8.44%
EPS Next 3Y9.33%
EPS Next 5Y14.47%
Revenue Next Year2.13%
Revenue Next 2Y2.94%
Revenue Next 3Y3.08%
Revenue Next 5Y3.58%
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
Based on the Price/Earnings ratio of 12.39, the valuation of FDX can be described as correct.
FDX's Price/Earnings ratio is a bit cheaper when compared to the industry. FDX is cheaper than 61.54% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.48. FDX is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 12.05, the valuation of FDX can be described as correct.
69.23% of the companies in the same industry are more expensive than FDX, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 34.04. FDX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.39 | ||
| Fwd PE | 12.05 |
4.2 Price Multiples
FDX's Enterprise Value to EBITDA ratio is in line with the industry average.
FDX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.87 | ||
| EV/EBITDA | 6.61 |
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 an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.35
PEG (5Y)0.89
EPS Next 2Y8.44%
EPS Next 3Y9.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.58%, FDX has a reasonable but not impressive dividend return.
FDX's Dividend Yield is comparable with the industry average which is at 3.67.
FDX's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
5.2 History
The dividend of FDX is nicely growing with an annual growth rate of 16.33%!
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.
FDX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.77%
EPS Next 2Y8.44%
EPS Next 3Y9.33%
FRA:FDX (8/8/2025, 7:00:00 PM)
193.92
0 (0%)
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 Cap45.75B
Analysts77.22
Price Target233.39 (20.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.58% |
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)-4.28%
PT rev (3m)-6.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-13.75%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.39 | ||
| Fwd PE | 12.05 | ||
| P/S | 0.61 | ||
| P/FCF | 17.87 | ||
| P/OCF | 7.57 | ||
| P/B | 1.9 | ||
| P/tB | 2.48 | ||
| EV/EBITDA | 6.61 |
EPS(TTM)15.65
EY8.07%
EPS(NY)16.1
Fwd EY8.3%
FCF(TTM)10.85
FCFY5.59%
OCF(TTM)25.61
OCFY13.2%
SpS319.99
BVpS102.17
TBVpS78.14
PEG (NY)4.35
PEG (5Y)0.89
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
WACC7.31%
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 Y2.85%
EPS Next 2Y8.44%
EPS Next 3Y9.33%
EPS Next 5Y14.47%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%0.5%
Revenue Next Year2.13%
Revenue Next 2Y2.94%
Revenue Next 3Y3.08%
Revenue Next 5Y3.58%
EBIT growth 1Y-2.55%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.42%
EBIT Next 3Y25.54%
EBIT Next 5Y22.19%
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%