FEDEX CORP (FDX.DE) Stock Fundamental Analysis
Europe - FRA:FDX - US31428X1063 - Common Stock
201.2 EUR
+3.06 (+1.54%)
FDX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 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 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.
FDX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of FDX (4.66%) is comparable to the rest of the industry.
The Return On Equity of FDX (14.82%) is comparable to the rest of the industry.
FDX's Return On Invested Capital of 6.32% is fine compared to the rest of the industry. FDX outperforms 66.67% of its industry peers.
FDX had an Average Return On Invested Capital over the past 3 years of 6.03%. This is below the industry average of 9.14%.
The 3 year average ROIC (6.03%) for FDX is below the current ROIC(6.32%), indicating increased profibility in the last year.
| 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's Profit Margin of 4.65% is fine compared to the rest of the industry. FDX outperforms 80.00% of its industry peers.
In the last couple of years the Profit Margin of FDX has grown nicely.
FDX has a Operating Margin of 6.96%. This is in the better half of the industry: FDX outperforms 66.67% of its industry peers.
FDX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 71.16%, FDX belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
FDX's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FDX is destroying value.
FDX has less shares outstanding than it did 1 year ago.
FDX has less shares outstanding than it did 5 years ago.
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.
FDX has a Altman-Z score of 2.49. This is in the better half of the industry: FDX outperforms 66.67% of its industry peers.
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 better than 66.67% of its industry peers.
A Debt/Equity ratio of 0.73 indicates that FDX is somewhat dependend on debt financing.
FDX has a better Debt to Equity ratio (0.73) than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 5.79 | ||
| Altman-Z | 2.49 |
ROIC/WACC0.91
WACC6.96%
2.3 Liquidity
A Current Ratio of 1.25 indicates that FDX should not have too much problems paying its short term obligations.
FDX has a Current ratio (1.25) which is in line with its industry peers.
A Quick Ratio of 1.21 indicates that FDX should not have too much problems paying its short term obligations.
The Quick ratio of FDX (1.21) is better than 66.67% of its industry peers.
| 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.
FDX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.92% yearly.
FDX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.14%.
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)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 10.39% yearly.
Based on estimates for the next years, FDX will show a small growth in Revenue. The Revenue will grow by 4.18% on average per year.
EPS Next Y1.04%
EPS Next 2Y7.65%
EPS Next 3Y8.49%
EPS Next 5Y10.39%
Revenue Next Year4.57%
Revenue Next 2Y4.33%
Revenue Next 3Y4.05%
Revenue Next 5Y4.18%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.67, which indicates a correct valuation of FDX.
Based on the Price/Earnings ratio, FDX is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.53, FDX is valued rather cheaply.
A Price/Forward Earnings ratio of 11.07 indicates a reasonable valuation of FDX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FDX indicates a rather cheap valuation: FDX is cheaper than 86.67% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.04. FDX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.67 | ||
| Fwd PE | 11.07 |
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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.1 | ||
| EV/EBITDA | 6.72 |
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)12.22
PEG (5Y)0.91
EPS Next 2Y7.65%
EPS Next 3Y8.49%
5. Dividend
5.1 Amount
FDX has a Yearly Dividend Yield of 2.45%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.83, FDX has a dividend in line with its industry peers.
FDX's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
5.2 History
The dividend of FDX is nicely growing with an annual growth rate of 16.41%!
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.
FDX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.68%
EPS Next 2Y7.65%
EPS Next 3Y8.49%
FRA:FDX (10/15/2025, 7:00:00 PM)
201.2
+3.06 (+1.54%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners79.73%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap47.48B
Analysts74.29
Price Target234.67 (16.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
Yearly Dividend4.8
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)4.45%
Min EPS beat(2)3.38%
Max EPS beat(2)5.52%
EPS beat(4)3
Avg EPS beat(4)2.57%
Min EPS beat(4)-1.52%
Max EPS beat(4)5.52%
EPS beat(8)5
Avg EPS beat(8)-1.17%
EPS beat(12)8
Avg EPS beat(12)3.89%
EPS beat(16)9
Avg EPS beat(16)1.35%
Revenue beat(2)2
Avg Revenue beat(2)1.32%
Min Revenue beat(2)0.95%
Max Revenue beat(2)1.69%
Revenue beat(4)3
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-1.68%
Max Revenue beat(4)1.69%
Revenue beat(8)3
Avg Revenue beat(8)-0.82%
Revenue beat(12)3
Avg Revenue beat(12)-1.72%
Revenue beat(16)4
Avg Revenue beat(16)-1.34%
PT rev (1m)0.61%
PT rev (3m)-3.75%
EPS NQ rev (1m)-1.66%
EPS NQ rev (3m)-3.35%
EPS NY rev (1m)-1.62%
EPS NY rev (3m)-7.94%
Revenue NQ rev (1m)2.59%
Revenue NQ rev (3m)2.25%
Revenue NY rev (1m)2.6%
Revenue NY rev (3m)2.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.67 | ||
| Fwd PE | 11.07 | ||
| P/S | 0.62 | ||
| P/FCF | 15.1 | ||
| P/OCF | 7.29 | ||
| P/B | 1.99 | ||
| P/tB | 2.62 | ||
| EV/EBITDA | 6.72 |
EPS(TTM)15.88
EY7.89%
EPS(NY)18.18
Fwd EY9.03%
FCF(TTM)13.32
FCFY6.62%
OCF(TTM)27.59
OCFY13.71%
SpS323.05
BVpS101.27
TBVpS76.94
PEG (NY)12.22
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
WACC6.96%
ROIC/WACC0.91
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 Y1.04%
EPS Next 2Y7.65%
EPS Next 3Y8.49%
EPS Next 5Y10.39%
Revenue 1Y (TTM)1.14%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%3.08%
Revenue Next Year4.57%
Revenue Next 2Y4.33%
Revenue Next 3Y4.05%
Revenue Next 5Y4.18%
EBIT growth 1Y5.27%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year73.01%
EBIT Next 3Y25.77%
EBIT Next 5Y16.83%
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%