FEDEX CORP (FDX) Fundamental Analysis & Valuation

NYSE:FDX • US31428X1063

Current stock price

362.66 USD
+6.55 (+1.84%)
Last:

This FDX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. FDX Profitability Analysis

1.1 Basic Checks

  • In the past year FDX was profitable.
  • 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.
FDX Yearly Net Income VS EBIT VS OCF VS FCFFDX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

1.2 Ratios

  • FDX has a better Return On Assets (4.86%) than 78.26% of its industry peers.
  • FDX has a Return On Equity of 15.39%. This is amongst the best in the industry. FDX outperforms 82.61% of its industry peers.
  • FDX's Return On Invested Capital of 6.56% is fine compared to the rest of the industry. FDX outperforms 73.91% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FDX is significantly below the industry average of 11.93%.
  • The last Return On Invested Capital (6.56%) for FDX is above the 3 year average (6.03%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.86%
ROE 15.39%
ROIC 6.56%
ROA(3y)4.73%
ROA(5y)4.99%
ROE(3y)15.15%
ROE(5y)16.47%
ROIC(3y)6.03%
ROIC(5y)6.27%
FDX Yearly ROA, ROE, ROICFDX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • FDX has a Profit Margin of 4.81%. This is amongst the best in the industry. FDX outperforms 82.61% of its industry peers.
  • FDX's Profit Margin has improved in the last couple of years.
  • FDX's Operating Margin of 7.11% is amongst the best of the industry. FDX outperforms 86.96% of its industry peers.
  • In the last couple of years the Operating Margin of FDX has grown nicely.
  • FDX's Gross Margin of 71.27% is amongst the best of the industry. FDX outperforms 95.65% of its industry peers.
  • FDX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.11%
PM (TTM) 4.81%
GM 71.27%
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%
FDX Yearly Profit, Operating, Gross MarginsFDX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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4

2. FDX Health Analysis

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.
  • The debt/assets ratio for FDX is higher compared to a year ago.
FDX Yearly Shares OutstandingFDX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
FDX Yearly Total Debt VS Total AssetsFDX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • An Altman-Z score of 2.79 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 2.79, FDX is in line with its industry, outperforming 56.52% of the companies in the same industry.
  • FDX has a debt to FCF ratio of 4.87. This is a neutral value as FDX would need 4.87 years to pay back of all of its debts.
  • FDX's Debt to FCF ratio of 4.87 is amongst the best of the industry. FDX outperforms 82.61% of its industry peers.
  • FDX has a Debt/Equity ratio of 0.72. This is a neutral value indicating FDX is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.72, FDX is doing worse than 65.22% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.87
Altman-Z 2.79
ROIC/WACC0.85
WACC7.74%
FDX Yearly LT Debt VS Equity VS FCFFDX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B 25B

2.3 Liquidity

  • FDX has a Current Ratio of 1.27. 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 Current ratio, with a value of 1.27, FDX is doing worse than 65.22% of the companies in the same industry.
  • FDX has a Quick Ratio of 1.23. 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 Quick ratio of 1.23. This is in the lower half of the industry: FDX underperforms 65.22% of its industry peers.
Industry RankSector Rank
Current Ratio 1.27
Quick Ratio 1.23
FDX Yearly Current Assets VS Current LiabilitesFDX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FDX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.66% over the past year.
  • Measured over the past years, FDX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.92% on average per year.
  • FDX shows a small growth in Revenue. In the last year, the Revenue has grown by 0.27%.
  • The Revenue has been growing slightly by 4.90% on average over the past years.
EPS 1Y (TTM)13.66%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%16.41%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%8.3%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.88% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 4.47% on average over the next years.
EPS Next Y3.18%
EPS Next 2Y9.61%
EPS Next 3Y10.79%
EPS Next 5Y11.88%
Revenue Next Year6.17%
Revenue Next 2Y5.19%
Revenue Next 3Y4.87%
Revenue Next 5Y4.47%

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 stable.
FDX Yearly Revenue VS EstimatesFDX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 20B 40B 60B 80B 100B
FDX Yearly EPS VS EstimatesFDX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10 20 30 40

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6

4. FDX Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.16 indicates a rather expensive valuation of FDX.
  • 78.26% of the companies in the same industry are more expensive than FDX, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 25.73. FDX is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 16.56, the valuation of FDX can be described as correct.
  • Based on the Price/Forward Earnings ratio, FDX is valued cheaper than 86.96% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.72. FDX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.16
Fwd PE 16.56
FDX Price Earnings VS Forward Price EarningsFDX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 78.26% of the companies in the same industry are more expensive than FDX, based on the Enterprise Value to EBITDA ratio.
  • 91.30% of the companies in the same industry are more expensive than FDX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 19.61
EV/EBITDA 9.2
FDX Per share dataFDX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

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 an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)5.71
PEG (5Y)1.3
EPS Next 2Y9.61%
EPS Next 3Y10.79%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. FDX Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.66%, FDX has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 1.16, FDX pays a better dividend. On top of this FDX pays more dividend than 86.96% of the companies listed in the same industry.
  • FDX's Dividend Yield is comparable with the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 1.66%

5.2 History

  • On average, the dividend of FDX grows each year by 16.41%, which is quite nice.
  • FDX has paid a dividend for at least 10 years, which is a reliable track record.
  • FDX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)16.41%
Div Incr Years4
Div Non Decr Years22
FDX Yearly Dividends per shareFDX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • FDX pays out 31.16% 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.
DP31.16%
EPS Next 2Y9.61%
EPS Next 3Y10.79%
FDX Yearly Income VS Free CF VS DividendFDX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B
FDX Dividend Payout.FDX Dividend Payout, showing the Payout Ratio.FDX Dividend Payout.PayoutRetained Earnings

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FDX Fundamentals: All Metrics, Ratios and Statistics

FEDEX CORP

NYSE:FDX (3/20/2026, 1:57:58 PM)

362.66

+6.55 (+1.84%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)03-19
Earnings (Next)N/A
Inst Owners81.31%
Inst Owner Change1.33%
Ins Owners0.26%
Ins Owner Change0.17%
Market Cap85.27B
Revenue(TTM)87.93B
Net Income(TTM)4.33B
Analysts75.29
Price Target377.76 (4.16%)
Short Float %1.48%
Short Ratio1.69
Dividend
Industry RankSector Rank
Dividend Yield 1.66%
Yearly Dividend5.55
Dividend Growth(5Y)16.41%
DP31.16%
Div Incr Years4
Div Non Decr Years22
Ex-Date03-09
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.88%
Min EPS beat(2)5.52%
Max EPS beat(2)16.25%
EPS beat(4)3
Avg EPS beat(4)5.91%
Min EPS beat(4)-1.52%
Max EPS beat(4)16.25%
EPS beat(8)6
Avg EPS beat(8)1.56%
EPS beat(12)8
Avg EPS beat(12)4.27%
EPS beat(16)9
Avg EPS beat(16)1.64%
Revenue beat(2)2
Avg Revenue beat(2)1.82%
Min Revenue beat(2)1.69%
Max Revenue beat(2)1.95%
Revenue beat(4)4
Avg Revenue beat(4)1.22%
Min Revenue beat(4)0.3%
Max Revenue beat(4)1.95%
Revenue beat(8)4
Avg Revenue beat(8)-0.32%
Revenue beat(12)4
Avg Revenue beat(12)-1.16%
Revenue beat(16)4
Avg Revenue beat(16)-1.44%
PT rev (1m)17.57%
PT rev (3m)34.42%
EPS NQ rev (1m)2.37%
EPS NQ rev (3m)-2.67%
EPS NY rev (1m)0.45%
EPS NY rev (3m)2.96%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)1.32%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)1.3%
Valuation
Industry RankSector Rank
PE 18.16
Fwd PE 16.56
P/S 0.95
P/FCF 19.61
P/OCF 10.4
P/B 3.03
P/tB 3.96
EV/EBITDA 9.2
EPS(TTM)19.97
EY5.51%
EPS(NY)21.9
Fwd EY6.04%
FCF(TTM)18.49
FCFY5.1%
OCF(TTM)34.87
OCFY9.61%
SpS383.18
BVpS119.68
TBVpS91.5
PEG (NY)5.71
PEG (5Y)1.3
Graham Number231.9
Profitability
Industry RankSector Rank
ROA 4.86%
ROE 15.39%
ROCE 8.78%
ROIC 6.56%
ROICexc 7.2%
ROICexgc 8%
OM 7.11%
PM (TTM) 4.81%
GM 71.27%
FCFM 4.83%
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%
ROICexgc growth 3Y-3.37%
ROICexgc 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-Score7
Asset Turnover1.01
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.87
Debt/EBITDA 1.9
Cap/Depr 89.89%
Cap/Sales 4.27%
Interest Coverage 7.48
Cash Conversion 76.72%
Profit Quality 100.37%
Current Ratio 1.27
Quick Ratio 1.23
Altman-Z 2.79
F-Score7
WACC7.74%
ROIC/WACC0.85
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)13.66%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%16.41%
EPS Next Y3.18%
EPS Next 2Y9.61%
EPS Next 3Y10.79%
EPS Next 5Y11.88%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%8.3%
Revenue Next Year6.17%
Revenue Next 2Y5.19%
Revenue Next 3Y4.87%
Revenue Next 5Y4.47%
EBIT growth 1Y10.09%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.75%
EBIT Next 3Y27%
EBIT Next 5Y17.83%
FCF growth 1Y6.05%
FCF growth 3Y-0.97%
FCF growth 5YN/A
OCF growth 1Y-15.72%
OCF growth 3Y-10.55%
OCF growth 5Y6.66%

FEDEX CORP / FDX Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for FEDEX CORP?

ChartMill assigns a fundamental rating of 6 / 10 to FDX.


What is the valuation status of FEDEX CORP (FDX) stock?

ChartMill assigns a valuation rating of 6 / 10 to FEDEX CORP (FDX). This can be considered as Fairly Valued.


What is the profitability of FDX stock?

FEDEX CORP (FDX) has a profitability rating of 8 / 10.


Can you provide the financial health for FDX stock?

The financial health rating of FEDEX CORP (FDX) is 4 / 10.


How sustainable is the dividend of FEDEX CORP (FDX) stock?

The dividend rating of FEDEX CORP (FDX) is 7 / 10 and the dividend payout ratio is 31.16%.