OLD DOMINION FREIGHT LINE (ODFL) Stock Fundamental Analysis
NASDAQ:ODFL - Nasdaq - US6795801009 - Common Stock - Currency: USD
Overall ODFL gets a fundamental rating of 6 out of 10. We evaluated ODFL against 39 industry peers in the Ground Transportation industry. ODFL has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ODFL is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ODFL had positive earnings in the past year.
In the past year ODFL had a positive cash flow from operations.
In the past 5 years ODFL has always been profitable.
Each year in the past 5 years ODFL had a positive operating cash flow.
1.2 Ratios
ODFL's Return On Assets of 20.91% is amongst the best of the industry. ODFL outperforms 97.44% of its industry peers.
With an excellent Return On Equity value of 27.12%, ODFL belongs to the best of the industry, outperforming 94.87% of the companies in the same industry.
ODFL has a Return On Invested Capital of 22.94%. This is amongst the best in the industry. ODFL outperforms 97.44% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ODFL is significantly above the industry average of 8.06%.
The last Return On Invested Capital (22.94%) for ODFL is well below the 3 year average (26.98%), which needs to be investigated, but indicates that ODFL had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.91% | ||
| ROE | 27.12% | ||
| ROIC | 22.94% |
ROA(3y)24.18%
ROA(5y)21.88%
ROE(3y)31.58%
ROE(5y)28.62%
ROIC(3y)26.98%
ROIC(5y)24.46%
1.3 Margins
ODFL's Profit Margin of 20.04% is amongst the best of the industry. ODFL outperforms 82.05% of its industry peers.
ODFL's Profit Margin has improved in the last couple of years.
ODFL has a Operating Margin of 26.10%. This is amongst the best in the industry. ODFL outperforms 84.62% of its industry peers.
In the last couple of years the Operating Margin of ODFL has grown nicely.
With an excellent Gross Margin value of 89.31%, ODFL belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Gross Margin of ODFL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.1% | ||
| PM (TTM) | 20.04% | ||
| GM | 89.31% |
OM growth 3Y0.1%
OM growth 5Y5.91%
PM growth 3Y1.2%
PM growth 5Y6.37%
GM growth 3Y-0.05%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ODFL is creating value.
Compared to 1 year ago, ODFL has less shares outstanding
The number of shares outstanding for ODFL has been reduced compared to 5 years ago.
Compared to 1 year ago, ODFL has an improved debt to assets ratio.
2.2 Solvency
ODFL has an Altman-Z score of 19.17. This indicates that ODFL is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ODFL (19.17) is better than 100.00% of its industry peers.
The Debt to FCF ratio of ODFL is 0.07, which is an excellent value as it means it would take ODFL, only 0.07 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.07, ODFL belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
ODFL has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of ODFL (0.01) is better than 92.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Altman-Z | 19.17 |
ROIC/WACC2.43
WACC9.45%
2.3 Liquidity
ODFL has a Current Ratio of 1.32. This is a normal value and indicates that ODFL is financially healthy and should not expect problems in meeting its short term obligations.
ODFL has a Current ratio of 1.32. This is in the better half of the industry: ODFL outperforms 69.23% of its industry peers.
ODFL has a Quick Ratio of 1.32. This is a normal value and indicates that ODFL is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.32, ODFL is doing good in the industry, outperforming 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
The earnings per share for ODFL have decreased by -6.16% in the last year.
Measured over the past years, ODFL shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.53% on average per year.
Looking at the last year, ODFL shows a decrease in Revenue. The Revenue has decreased by -2.63% in the last year.
Measured over the past years, ODFL shows a small growth in Revenue. The Revenue has been growing by 7.19% on average per year.
EPS 1Y (TTM)-6.16%
EPS 3Y7.23%
EPS 5Y16.53%
EPS Q2Q%-11.19%
Revenue 1Y (TTM)-2.63%
Revenue growth 3Y3.42%
Revenue growth 5Y7.19%
Sales Q2Q%-5.84%
3.2 Future
Based on estimates for the next years, ODFL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.89% on average per year.
The Revenue is expected to grow by 6.46% on average over the next years.
EPS Next Y-4.09%
EPS Next 2Y5.72%
EPS Next 3Y8.73%
EPS Next 5Y10.89%
Revenue Next Year-2.26%
Revenue Next 2Y2.92%
Revenue Next 3Y4.35%
Revenue Next 5Y6.46%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ODFL is valuated quite expensively with a Price/Earnings ratio of 29.83.
The rest of the industry has a similar Price/Earnings ratio as ODFL.
ODFL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.32.
A Price/Forward Earnings ratio of 25.96 indicates a quite expensive valuation of ODFL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of ODFL indicates a slightly more expensive valuation: ODFL is more expensive than 61.54% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, ODFL is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.83 | ||
| Fwd PE | 25.96 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ODFL indicates a slightly more expensive valuation: ODFL is more expensive than 64.10% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ODFL indicates a somewhat cheap valuation: ODFL is cheaper than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.39 | ||
| EV/EBITDA | 18.33 |
4.3 Compensation for Growth
The excellent profitability rating of ODFL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.8
EPS Next 2Y5.72%
EPS Next 3Y8.73%
5. Dividend
5.1 Amount
With a yearly dividend of 0.69%, ODFL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.55, ODFL has a dividend in line with its industry peers.
With a Dividend Yield of 0.69, ODFL pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
5.2 History
The dividend of ODFL is nicely growing with an annual growth rate of 35.65%!
ODFL has been paying a dividend for over 5 years, so it has already some track record.
ODFL has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)35.65%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
ODFL pays out 19.72% of its income as dividend. This is a sustainable payout ratio.
ODFL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP19.72%
EPS Next 2Y5.72%
EPS Next 3Y8.73%
NASDAQ:ODFL (6/16/2025, 12:15:49 PM)
159.02
-1.16 (-0.72%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners81.89%
Inst Owner Change0.17%
Ins Owners10.06%
Ins Owner Change7.38%
Market Cap33.61B
Analysts69.03
Price Target172.49 (8.47%)
Short Float %5.68%
Short Ratio5.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.69% |
Yearly Dividend1.04
Dividend Growth(5Y)35.65%
DP19.72%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.74%
Min EPS beat(2)1.96%
Max EPS beat(2)3.51%
EPS beat(4)2
Avg EPS beat(4)1.06%
Min EPS beat(4)-1.09%
Max EPS beat(4)3.51%
EPS beat(8)4
Avg EPS beat(8)0.66%
EPS beat(12)7
Avg EPS beat(12)1.34%
EPS beat(16)11
Avg EPS beat(16)2.13%
Revenue beat(2)0
Avg Revenue beat(2)-1.58%
Min Revenue beat(2)-1.66%
Max Revenue beat(2)-1.5%
Revenue beat(4)0
Avg Revenue beat(4)-2.14%
Min Revenue beat(4)-3.4%
Max Revenue beat(4)-1.5%
Revenue beat(8)0
Avg Revenue beat(8)-2.47%
Revenue beat(12)0
Avg Revenue beat(12)-2.49%
Revenue beat(16)4
Avg Revenue beat(16)-1.52%
PT rev (1m)0.45%
PT rev (3m)-16.26%
EPS NQ rev (1m)-0.11%
EPS NQ rev (3m)-10.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.27%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.78%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.83 | ||
| Fwd PE | 25.96 | ||
| P/S | 5.87 | ||
| P/FCF | 40.39 | ||
| P/OCF | 21.38 | ||
| P/B | 7.93 | ||
| P/tB | 7.93 | ||
| EV/EBITDA | 18.33 |
EPS(TTM)5.33
EY3.35%
EPS(NY)6.13
Fwd EY3.85%
FCF(TTM)3.94
FCFY2.48%
OCF(TTM)7.44
OCFY4.68%
SpS27.11
BVpS20.04
TBVpS20.04
PEG (NY)N/A
PEG (5Y)1.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.91% | ||
| ROE | 27.12% | ||
| ROCE | 30.31% | ||
| ROIC | 22.94% | ||
| ROICexc | 23.4% | ||
| ROICexgc | 23.4% | ||
| OM | 26.1% | ||
| PM (TTM) | 20.04% | ||
| GM | 89.31% | ||
| FCFM | 14.52% |
ROA(3y)24.18%
ROA(5y)21.88%
ROE(3y)31.58%
ROE(5y)28.62%
ROIC(3y)26.98%
ROIC(5y)24.46%
ROICexc(3y)28.57%
ROICexc(5y)27.14%
ROICexgc(3y)28.57%
ROICexgc(5y)27.14%
ROCE(3y)35.64%
ROCE(5y)32.31%
ROICexcg growth 3Y-5.87%
ROICexcg growth 5Y4.54%
ROICexc growth 3Y-5.87%
ROICexc growth 5Y4.67%
OM growth 3Y0.1%
OM growth 5Y5.91%
PM growth 3Y1.2%
PM growth 5Y6.37%
GM growth 3Y-0.05%
GM growth 5Y0.13%
F-Score7
Asset Turnover1.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.07 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 211.91% | ||
| Cap/Sales | 12.91% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.21% | ||
| Profit Quality | 72.44% | ||
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 | ||
| Altman-Z | 19.17 |
F-Score7
WACC9.45%
ROIC/WACC2.43
Cap/Depr(3y)246.01%
Cap/Depr(5y)207.17%
Cap/Sales(3y)12.85%
Cap/Sales(5y)10.93%
Profit Quality(3y)68.97%
Profit Quality(5y)75.24%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.16%
EPS 3Y7.23%
EPS 5Y16.53%
EPS Q2Q%-11.19%
EPS Next Y-4.09%
EPS Next 2Y5.72%
EPS Next 3Y8.73%
EPS Next 5Y10.89%
Revenue 1Y (TTM)-2.63%
Revenue growth 3Y3.42%
Revenue growth 5Y7.19%
Sales Q2Q%-5.84%
Revenue Next Year-2.26%
Revenue Next 2Y2.92%
Revenue Next 3Y4.35%
Revenue Next 5Y6.46%
EBIT growth 1Y-9.03%
EBIT growth 3Y3.52%
EBIT growth 5Y13.53%
EBIT Next Year17.06%
EBIT Next 3Y14.64%
EBIT Next 5Y12.75%
FCF growth 1Y3.73%
FCF growth 3Y10.25%
FCF growth 5Y11.97%
OCF growth 1Y-8.52%
OCF growth 3Y11.02%
OCF growth 5Y11.02%