FEDEX CORP (FDX) Stock Fundamental Analysis
NYSE:FDX - US31428X1063 - Common Stock
223.535 USD
-4.19 (-1.84%)
Taking everything into account, FDX scores 6 out of 10 in our fundamental rating. FDX was compared to 23 industry peers in the Air Freight & Logistics industry. FDX has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on FDX. FDX also has an excellent dividend rating.
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.
FDX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
FDX has a better Return On Assets (4.66%) than 78.26% of its industry peers.
Looking at the Return On Equity, with a value of 14.55%, FDX belongs to the top of the industry, outperforming 82.61% of the companies in the same industry.
FDX has a Return On Invested Capital of 6.29%. This is in the better half of the industry: FDX outperforms 73.91% of its industry peers.
FDX had an Average Return On Invested Capital over the past 3 years of 6.03%. This is significantly below the industry average of 12.53%.
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
Looking at the Profit Margin, with a value of 4.65%, FDX belongs to the top of the industry, outperforming 82.61% 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 6.92% is amongst the best of the industry. FDX outperforms 82.61% of its industry peers.
In the last couple of years the Operating Margin of FDX has grown nicely.
The Gross Margin of FDX (70.95%) is better than 95.65% of its industry peers.
FDX's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FDX 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.
Compared to 1 year ago, FDX has a worse debt to assets ratio.
2.2 Solvency
FDX has an Altman-Z score of 2.47. This is not the best score and indicates that FDX is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of FDX (2.47) is comparable to the rest of the industry.
FDX has a debt to FCF ratio of 6.90. This is a slightly negative value and a sign of low solvency as FDX would need 6.90 years to pay back of all of its debts.
FDX has a Debt to FCF ratio of 6.90. This is in the better half of the industry: FDX outperforms 73.91% 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.
FDX's Debt to Equity ratio of 0.68 is on the low side compared to the rest of the industry. FDX is outperformed by 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 6.9 | ||
| Altman-Z | 2.47 |
ROIC/WACC0.86
WACC7.34%
2.3 Liquidity
FDX has a Current 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.
FDX has a Current ratio of 1.19. This is in the lower half of the industry: FDX underperforms 73.91% of its industry peers.
FDX has a Quick Ratio of 1.15. 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 worse Quick ratio (1.15) than 69.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.36% over the past year.
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 0.27%.
The Revenue has been growing slightly by 4.90% on average over the past years.
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 11.46% on average over the next years. This is quite good.
The Revenue is expected to grow by 3.62% on average over the next years.
EPS Next Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
EPS Next 5Y11.46%
Revenue Next Year2.12%
Revenue Next 2Y2.93%
Revenue Next 3Y2.9%
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
A Price/Earnings ratio of 12.26 indicates a correct valuation of FDX.
FDX's Price/Earnings ratio is a bit cheaper when compared to the industry. FDX is cheaper than 78.26% of the companies in the same industry.
FDX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.02.
A Price/Forward Earnings ratio of 11.94 indicates a reasonable valuation of FDX.
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 22.66. FDX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.26 | ||
| Fwd PE | 11.94 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FDX is valued cheaper than 91.30% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of FDX indicates a rather cheap valuation: FDX is cheaper than 86.96% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.69 | ||
| EV/EBITDA | 6.56 |
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)4.54
PEG (5Y)0.88
EPS Next 2Y8.41%
EPS Next 3Y9.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.57%, FDX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.80, 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 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.57% |
5.2 History
On average, the dividend of FDX grows each year by 16.33%, which is quite nice.
FDX has been paying a dividend for at least 10 years, so it has a reliable track record.
FDX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)16.33%
Div Incr Years4
Div Non Decr Years22
5.3 Sustainability
FDX pays out 32.77% of its income as dividend. This is a sustainable payout ratio.
The dividend of FDX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.77%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
NYSE:FDX (9/8/2025, 12:20:56 PM)
223.535
-4.19 (-1.84%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners80.06%
Inst Owner Change2.52%
Ins Owners8.42%
Ins Owner Change0.47%
Market Cap52.74B
Analysts77.22
Price Target269.36 (20.5%)
Short Float %2.05%
Short Ratio2.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.57% |
Yearly Dividend5.53
Dividend Growth(5Y)16.33%
DP32.77%
Div Incr Years4
Div Non Decr Years22
Ex-Date
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)-0.1%
PT rev (3m)-4.55%
EPS NQ rev (1m)-0.51%
EPS NQ rev (3m)-14.19%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-7.67%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)0.16%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.26 | ||
| Fwd PE | 11.94 | ||
| P/S | 0.6 | ||
| P/FCF | 17.69 | ||
| P/OCF | 7.5 | ||
| P/B | 1.88 | ||
| P/tB | 2.46 | ||
| EV/EBITDA | 6.56 |
EPS(TTM)18.23
EY8.16%
EPS(NY)18.72
Fwd EY8.38%
FCF(TTM)12.63
FCFY5.65%
OCF(TTM)29.82
OCFY13.34%
SpS372.65
BVpS118.98
TBVpS91
PEG (NY)4.54
PEG (5Y)0.88
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
WACC7.34%
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 Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
EPS Next 5Y11.46%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%0.5%
Revenue Next Year2.12%
Revenue Next 2Y2.93%
Revenue Next 3Y2.9%
Revenue Next 5Y3.62%
EBIT growth 1Y-2.55%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.42%
EBIT Next 3Y25.21%
EBIT Next 5Y16.36%
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%