OLD DOMINION FREIGHT LINE (ODFL) Stock Fundamental Analysis
USA - NASDAQ:ODFL - US6795801009 - Common Stock
141.28 USD
-3.5 (-2.42%)
141.28 USD
0 (0%)
ODFL gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 42 industry peers in the Ground Transportation industry. ODFL gets an excellent profitability rating and is at the same time showing great financial health properties. ODFL has a valuation in line with the averages, but on the other hand it scores bad on growth.
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
The Return On Assets of ODFL (19.73%) is better than 97.62% of its industry peers.
Looking at the Return On Equity, with a value of 25.88%, ODFL belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
The Return On Invested Capital of ODFL (21.48%) is better than 97.62% of its industry peers.
ODFL had an Average Return On Invested Capital over the past 3 years of 26.98%. This is significantly above the industry average of 7.77%.
The last Return On Invested Capital (21.48%) 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 | 19.73% | ||
| ROE | 25.88% | ||
| ROIC | 21.48% |
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 has a Profit Margin of 19.42%. This is amongst the best in the industry. ODFL outperforms 83.33% of its industry peers.
ODFL's Profit Margin has improved in the last couple of years.
ODFL's Operating Margin of 25.39% is amongst the best of the industry. ODFL outperforms 85.71% 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 89.46%, 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 | 25.39% | ||
| PM (TTM) | 19.42% | ||
| GM | 89.46% |
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
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 less shares outstanding
The number of shares outstanding for ODFL has been reduced compared to 5 years ago.
The debt/assets ratio for ODFL has been reduced compared to a year ago.
2.2 Solvency
ODFL has an Altman-Z score of 16.74. This indicates that ODFL is financially healthy and has little risk of bankruptcy at the moment.
ODFL's Altman-Z score of 16.74 is amongst the best of the industry. ODFL outperforms 95.24% of its industry peers.
ODFL has a debt to FCF ratio of 0.22. This is a very positive value and a sign of high solvency as it would only need 0.22 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.22, ODFL belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
ODFL has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.04, ODFL belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Altman-Z | 16.74 |
ROIC/WACC2.33
WACC9.24%
2.3 Liquidity
A Current Ratio of 1.38 indicates that ODFL should not have too much problems paying its short term obligations.
The Current ratio of ODFL (1.38) is better than 69.05% of its industry peers.
ODFL has a Quick Ratio of 1.38. 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 better Quick ratio (1.38) than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.38 |
3. Growth
3.1 Past
ODFL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -12.25%.
The Earnings Per Share has been growing by 16.53% on average over the past years. This is quite good.
Looking at the last year, ODFL shows a decrease in Revenue. The Revenue has decreased by -5.54% in the last year.
ODFL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.19% yearly.
EPS 1Y (TTM)-12.25%
EPS 3Y7.23%
EPS 5Y16.53%
EPS Q2Q%-14.19%
Revenue 1Y (TTM)-5.54%
Revenue growth 3Y3.42%
Revenue growth 5Y7.19%
Sales Q2Q%-6.07%
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 9.99% on average per year.
ODFL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.70% yearly.
EPS Next Y-9.9%
EPS Next 2Y1.65%
EPS Next 3Y6.41%
EPS Next 5Y9.99%
Revenue Next Year-4.28%
Revenue Next 2Y0.89%
Revenue Next 3Y3.15%
Revenue Next 5Y5.7%
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 decreasing.
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 27.59 indicates a quite expensive valuation of ODFL.
Based on the Price/Earnings ratio, ODFL is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.70. ODFL is around the same levels.
Based on the Price/Forward Earnings ratio of 24.95, the valuation of ODFL can be described as rather expensive.
ODFL's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.15. ODFL is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.59 | ||
| Fwd PE | 24.95 |
4.2 Price Multiples
ODFL's Enterprise Value to EBITDA is on the same level as the industry average.
ODFL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ODFL is cheaper than 71.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.02 | ||
| EV/EBITDA | 17.11 |
4.3 Compensation for Growth
The excellent profitability rating of ODFL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.67
EPS Next 2Y1.65%
EPS Next 3Y6.41%
5. Dividend
5.1 Amount
ODFL has a yearly dividend return of 0.80%, which is pretty low.
Compared to an average industry Dividend Yield of 1.66, ODFL has a dividend in line with its industry peers.
With a Dividend Yield of 0.80, ODFL pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
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 20.96% 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.
DP20.96%
EPS Next 2Y1.65%
EPS Next 3Y6.41%
141.28
-3.5 (-2.42%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners79.5%
Inst Owner Change0%
Ins Owners10.11%
Ins Owner Change3.74%
Market Cap29.69B
Analysts69.03
Price Target164.59 (16.5%)
Short Float %5.34%
Short Ratio4.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.8% |
Yearly Dividend1.04
Dividend Growth(5Y)35.65%
DP20.96%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.69%
Min EPS beat(2)-3.34%
Max EPS beat(2)1.96%
EPS beat(4)2
Avg EPS beat(4)0.26%
Min EPS beat(4)-3.34%
Max EPS beat(4)3.51%
EPS beat(8)4
Avg EPS beat(8)0.49%
EPS beat(12)6
Avg EPS beat(12)0.82%
EPS beat(16)10
Avg EPS beat(16)1.62%
Revenue beat(2)0
Avg Revenue beat(2)-2.18%
Min Revenue beat(2)-2.71%
Max Revenue beat(2)-1.66%
Revenue beat(4)0
Avg Revenue beat(4)-2.32%
Min Revenue beat(4)-3.4%
Max Revenue beat(4)-1.5%
Revenue beat(8)0
Avg Revenue beat(8)-2.31%
Revenue beat(12)0
Avg Revenue beat(12)-2.67%
Revenue beat(16)3
Avg Revenue beat(16)-1.93%
PT rev (1m)-0.51%
PT rev (3m)-4.47%
EPS NQ rev (1m)-0.18%
EPS NQ rev (3m)-9.06%
EPS NY rev (1m)-0.27%
EPS NY rev (3m)-5.52%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)-2.83%
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-1.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.59 | ||
| Fwd PE | 24.95 | ||
| P/S | 5.27 | ||
| P/FCF | 38.02 | ||
| P/OCF | 20.2 | ||
| P/B | 7.02 | ||
| P/tB | 7.02 | ||
| EV/EBITDA | 17.11 |
EPS(TTM)5.12
EY3.62%
EPS(NY)5.66
Fwd EY4.01%
FCF(TTM)3.72
FCFY2.63%
OCF(TTM)6.99
OCFY4.95%
SpS26.83
BVpS20.13
TBVpS20.13
PEG (NY)N/A
PEG (5Y)1.67
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.73% | ||
| ROE | 25.88% | ||
| ROCE | 28.39% | ||
| ROIC | 21.48% | ||
| ROICexc | 21.59% | ||
| ROICexgc | 21.59% | ||
| OM | 25.39% | ||
| PM (TTM) | 19.42% | ||
| GM | 89.46% | ||
| FCFM | 13.85% |
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-Score5
Asset Turnover1.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.22 | ||
| Debt/EBITDA | 0.08 | ||
| Cap/Depr | 193.93% | ||
| Cap/Sales | 12.22% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.25% | ||
| Profit Quality | 71.32% | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.38 | ||
| Altman-Z | 16.74 |
F-Score5
WACC9.24%
ROIC/WACC2.33
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)-12.25%
EPS 3Y7.23%
EPS 5Y16.53%
EPS Q2Q%-14.19%
EPS Next Y-9.9%
EPS Next 2Y1.65%
EPS Next 3Y6.41%
EPS Next 5Y9.99%
Revenue 1Y (TTM)-5.54%
Revenue growth 3Y3.42%
Revenue growth 5Y7.19%
Sales Q2Q%-6.07%
Revenue Next Year-4.28%
Revenue Next 2Y0.89%
Revenue Next 3Y3.15%
Revenue Next 5Y5.7%
EBIT growth 1Y-14.47%
EBIT growth 3Y3.52%
EBIT growth 5Y13.53%
EBIT Next Year11.67%
EBIT Next 3Y12.38%
EBIT Next 5Y11.77%
FCF growth 1Y20.65%
FCF growth 3Y10.25%
FCF growth 5Y11.97%
OCF growth 1Y-6.89%
OCF growth 3Y11.02%
OCF growth 5Y11.02%