FEDEX CORP (FDX.DE) Stock Fundamental Analysis
Europe - FRA:FDX - US31428X1063 - Common Stock
199.88 EUR
+0.76 (+0.38%)
We assign a fundamental rating of 5 out of 10 to FDX. FDX was compared to 15 industry peers in the Air Freight & Logistics industry. While FDX has a great profitability rating, 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
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
FDX's Return On Assets of 4.66% is in line compared to the rest of the industry. FDX outperforms 60.00% of its industry peers.
Looking at the Return On Equity, with a value of 14.82%, FDX is in line with its industry, outperforming 53.33% of the companies in the same industry.
The Return On Invested Capital of FDX (6.32%) is better than 66.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FDX is below the industry average of 8.19%.
The last Return On Invested Capital (6.32%) 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 | 14.82% | ||
| ROIC | 6.32% |
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
FDX has a better Profit Margin (4.65%) than 73.33% of its industry peers.
In the last couple of years the Profit Margin of FDX has grown nicely.
With a decent Operating Margin value of 6.96%, FDX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
FDX's Operating Margin has improved in the last couple of years.
FDX's Gross Margin of 71.16% is amongst the best of the industry. FDX outperforms 86.67% 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 | 6.96% | ||
| PM (TTM) | 4.65% | ||
| GM | 71.16% |
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
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 2.49 indicates that FDX is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.49, FDX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
The Debt to FCF ratio of FDX is 5.79, which is a neutral value as it means it would take FDX, 5.79 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of FDX (5.79) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.73 indicates that FDX is somewhat dependend on debt financing.
FDX has a Debt to Equity ratio of 0.73. This is in the better half of the industry: FDX outperforms 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.79 | ||
| Altman-Z | 2.49 |
ROIC/WACC0.9
WACC7.02%
2.3 Liquidity
FDX has a Current Ratio of 1.25. 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 Current ratio of 1.25 is fine compared to the rest of the industry. FDX outperforms 66.67% of its industry peers.
A Quick Ratio of 1.21 indicates that FDX should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.21, FDX is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.21 |
3. Growth
3.1 Past
FDX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9.49%, which is quite good.
The Earnings Per Share has been growing by 13.92% on average over the past years. This is quite good.
FDX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.14%.
FDX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.90% yearly.
EPS 1Y (TTM)9.49%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%6.39%
Revenue 1Y (TTM)1.14%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%3.08%
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 11.46% yearly.
FDX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.62% yearly.
EPS Next Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
EPS Next 5Y11.46%
Revenue Next Year1.92%
Revenue Next 2Y2.86%
Revenue Next 3Y3.12%
Revenue Next 5Y3.62%
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 stable.
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 12.73, the valuation of FDX can be described as correct.
FDX's Price/Earnings is on the same level as the industry average.
FDX is valuated cheaply when we compare the Price/Earnings ratio to 27.29, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.97, the valuation of FDX can be described as reasonable.
Based on the Price/Forward Earnings ratio, FDX is valued a bit cheaper than 80.00% of the companies in the same industry.
FDX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.73 | ||
| Fwd PE | 10.97 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as FDX.
FDX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.17 | ||
| EV/EBITDA | 6.74 |
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)4.72
PEG (5Y)0.91
EPS Next 2Y8.41%
EPS Next 3Y9.08%
5. Dividend
5.1 Amount
FDX has a Yearly Dividend Yield of 2.56%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.77, FDX has a dividend in line with its industry peers.
FDX's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.56% |
5.2 History
On average, the dividend of FDX grows each year by 16.41%, which is quite nice.
Dividend Growth(5Y)16.41%
Div Incr Years4
Div Non Decr Years6
5.3 Sustainability
32.68% 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.
DP32.68%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
FRA:FDX (9/24/2025, 7:00:00 PM)
199.88
+0.76 (+0.38%)
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 Cap47.16B
Analysts77.22
Price Target227.41 (13.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.56% |
Yearly Dividend4.73
Dividend Growth(5Y)16.41%
DP32.68%
Div Incr Years4
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.98%
Min EPS beat(2)3.38%
Max EPS beat(2)4.59%
EPS beat(4)3
Avg EPS beat(4)2.34%
Min EPS beat(4)-1.52%
Max EPS beat(4)4.59%
EPS beat(8)5
Avg EPS beat(8)-1.29%
EPS beat(12)8
Avg EPS beat(12)3.81%
EPS beat(16)9
Avg EPS beat(16)1.29%
Revenue beat(2)2
Avg Revenue beat(2)1.27%
Min Revenue beat(2)0.95%
Max Revenue beat(2)1.59%
Revenue beat(4)3
Avg Revenue beat(4)0.29%
Min Revenue beat(4)-1.68%
Max Revenue beat(4)1.59%
Revenue beat(8)3
Avg Revenue beat(8)-0.83%
Revenue beat(12)3
Avg Revenue beat(12)-1.73%
Revenue beat(16)4
Avg Revenue beat(16)-1.35%
PT rev (1m)-2.56%
PT rev (3m)-8.21%
EPS NQ rev (1m)-1.41%
EPS NQ rev (3m)-8.24%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.67%
Revenue NQ rev (1m)-0.33%
Revenue NQ rev (3m)-1.49%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.73 | ||
| Fwd PE | 10.97 | ||
| P/S | 0.63 | ||
| P/FCF | 15.17 | ||
| P/OCF | 7.33 | ||
| P/B | 2 | ||
| P/tB | 2.63 | ||
| EV/EBITDA | 6.74 |
EPS(TTM)15.7
EY7.85%
EPS(NY)18.22
Fwd EY9.12%
FCF(TTM)13.17
FCFY6.59%
OCF(TTM)27.27
OCFY13.64%
SpS319.38
BVpS100.12
TBVpS76.06
PEG (NY)4.72
PEG (5Y)0.91
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.66% | ||
| ROE | 14.82% | ||
| ROCE | 8.46% | ||
| ROIC | 6.32% | ||
| ROICexc | 6.91% | ||
| ROICexgc | 7.67% | ||
| OM | 6.96% | ||
| PM (TTM) | 4.65% | ||
| GM | 71.16% | ||
| FCFM | 4.12% |
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)7.71%
ROCE(3y)8.07%
ROCE(5y)8.39%
ROICexcg growth 3Y-3.37%
ROICexcg growth 5Y12.94%
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-Score5
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.79 | ||
| Debt/EBITDA | 1.94 | ||
| Cap/Depr | 91.42% | ||
| Cap/Sales | 4.41% | ||
| Interest Coverage | 7.25 | ||
| Cash Conversion | 72.42% | ||
| Profit Quality | 88.78% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.21 | ||
| Altman-Z | 2.49 |
F-Score5
WACC7.02%
ROIC/WACC0.9
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)9.49%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%6.39%
EPS Next Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
EPS Next 5Y11.46%
Revenue 1Y (TTM)1.14%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%3.08%
Revenue Next Year1.92%
Revenue Next 2Y2.86%
Revenue Next 3Y3.12%
Revenue Next 5Y3.62%
EBIT growth 1Y5.27%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.42%
EBIT Next 3Y25.21%
EBIT Next 5Y16.36%
FCF growth 1Y11.03%
FCF growth 3Y-0.97%
FCF growth 5YN/A
OCF growth 1Y-20.12%
OCF growth 3Y-10.55%
OCF growth 5Y6.66%