OLD DOMINION FREIGHT LINE (ODFL)
US6795801009 - Common Stock
Overall ODFL gets a fundamental rating of 7 out of 10. We evaluated ODFL against 36 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. While showing a medium growth rate, ODFL is valued expensive at the moment.
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.
ODFL had positive earnings in each of the past 5 years.
In the past 5 years ODFL always reported a positive cash flow from operatings.
1.2 Ratios
ODFL has a Return On Assets of 22.49%. This is amongst the best in the industry. ODFL outperforms 100.00% of its industry peers.
ODFL has a Return On Equity of 29.11%. This is amongst the best in the industry. ODFL outperforms 97.22% of its industry peers.
ODFL's Return On Invested Capital of 24.77% is amongst the best of the industry. ODFL outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ODFL is significantly above the industry average of 7.66%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.49% | ||
| ROE | 29.11% | ||
| ROIC | 24.77% |
ROA(3y)24.13%
ROA(5y)20.64%
ROE(3y)31.64%
ROE(5y)27.03%
ROIC(3y)26.92%
ROIC(5y)22.94%
1.3 Margins
ODFL has a better Profit Margin (21.13%) than 86.11% of its industry peers.
In the last couple of years the Profit Margin of ODFL has grown nicely.
Looking at the Operating Margin, with a value of 27.97%, ODFL belongs to the top of the industry, outperforming 86.11% of the companies in the same industry.
ODFL's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 87.75%, ODFL belongs to the best of the industry, outperforming 97.22% of the companies in the same industry.
ODFL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.97% | ||
| PM (TTM) | 21.13% | ||
| GM | 87.75% |
OM growth 3Y7.38%
OM growth 5Y6.72%
PM growth 3Y8.04%
PM growth 5Y7.12%
GM growth 3Y-1.09%
GM growth 5Y-0.02%
2. Health
2.1 Basic Checks
ODFL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, ODFL has more shares outstanding
Compared to 5 years ago, ODFL has more shares outstanding
ODFL has a better debt/assets ratio than last year.
2.2 Solvency
ODFL has an Altman-Z score of 22.43. This indicates that ODFL is financially healthy and has little risk of bankruptcy at the moment.
ODFL has a Altman-Z score of 22.43. This is amongst the best in the industry. ODFL outperforms 100.00% of its industry peers.
The Debt to FCF ratio of ODFL is 0.10, which is an excellent value as it means it would take ODFL, only 0.10 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.10, ODFL belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that ODFL is not too dependend on debt financing.
ODFL's Debt to Equity ratio of 0.01 is amongst the best of the industry. ODFL outperforms 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.1 | ||
| Altman-Z | 22.43 |
ROIC/WACC2.72
WACC9.12%
2.3 Liquidity
A Current Ratio of 2.10 indicates that ODFL has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.10, ODFL belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
A Quick Ratio of 2.10 indicates that ODFL has no problem at all paying its short term obligations.
ODFL's Quick ratio of 2.10 is amongst the best of the industry. ODFL outperforms 94.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 |
3. Growth
3.1 Past
The earnings per share for ODFL have decreased strongly by -43.19% in the last year.
The Earnings Per Share has been growing slightly by 7.03% on average over the past years.
ODFL shows a decrease in Revenue. In the last year, the revenue decreased by -6.29%.
ODFL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.72% yearly.
EPS 1Y (TTM)-43.19%
EPS 3Y6.43%
EPS 5Y7.03%
EPS growth Q2Q-49.66%
Revenue 1Y (TTM)-6.29%
Revenue growth 3Y13.47%
Revenue growth 5Y7.72%
Revenue growth Q2Q0.26%
3.2 Future
The Earnings Per Share is expected to grow by 7.61% on average over the next years.
The Revenue is expected to grow by 8.64% on average over the next years. This is quite good.
EPS Next Y-5.15%
EPS Next 2Y4.48%
EPS Next 3Y5.86%
EPS Next 5Y7.61%
Revenue Next Year8.26%
Revenue Next 2Y8.88%
Revenue Next 3Y8.66%
Revenue Next 5Y8.64%
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.
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
With a Price/Earnings ratio of 26.70, ODFL can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of ODFL is on the same level as its industry peers.
When comparing the Price/Earnings ratio of ODFL to the average of the S&P500 Index (28.11), we can say ODFL is valued inline with the index average.
The Price/Forward Earnings ratio is 28.15, which means the current valuation is very expensive for ODFL.
Based on the Price/Forward Earnings ratio, ODFL is valued a bit more expensive than 66.67% of the companies in the same industry.
ODFL is valuated rather expensively when we compare the Price/Forward Earnings ratio to 20.39, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.7 | ||
| Fwd PE | 28.15 |
4.2 Price Multiples
63.89% of the companies in the same industry are cheaper than ODFL, based on the Enterprise Value to EBITDA ratio.
ODFL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ODFL is cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.55 | ||
| EV/EBITDA | 20.29 |
4.3 Compensation for Growth
The excellent profitability rating of ODFL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.8
EPS Next 2Y4.48%
EPS Next 3Y5.86%
5. Dividend
5.1 Amount
With a yearly dividend of 0.57%, ODFL is not a good candidate for dividend investing.
ODFL's Dividend Yield is comparable with the industry average which is at 1.66.
With a Dividend Yield of 0.57, ODFL pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
5.2 History
The dividend of ODFL is nicely growing with an annual growth rate of 25.18%!
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)25.18%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
ODFL pays out 14.13% 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.
DP14.13%
EPS Next 2Y4.48%
EPS Next 3Y5.86%
OLD DOMINION FREIGHT LINE
NASDAQ:ODFL (5/7/2024, 7:14:12 PM)
After market: 184.79 0 (0%)184.79
+4.61 (+2.56%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap40.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.7 | ||
| Fwd PE | 28.15 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)3.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.49% | ||
| ROE | 29.11% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 27.97% | ||
| PM (TTM) | 21.13% | ||
| GM | 87.75% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.1 | ||
| Quick Ratio | 2.1 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-43.19%
EPS 3Y6.43%
EPS 5Y
EPS growth Q2Q
EPS Next Y-5.15%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.29%
Revenue growth 3Y13.47%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y