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FedEx Corp FDX

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Stock XNYS Rating as of
$299.84 +4.37 (1.48%)
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As of Delayed Price Closed
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Company Report

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FedEx Earnings: Another Quarter of Healthy Margin Progress Despite Muted Volumes

Matthew Young

FedEx's fiscal fourth-quarter (ended May) top line flipped positive year over year (up 1%), driven by modest Ground volume growth and yield gains across all segments, partly offset by lingering weakness for Express' US package activity and soft demand for Freight's LTL services. Revenue came in modestly ahead of our forecast on solid market share gains for Ground's commercial package business. Express' domestic volume decline likely stems from soft industrial end markets and lost business from the United States Postal Service, which is moving its airfreight requirements over to UPS, as previously disclosed.

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Price vs Fair Value

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FDX is trading at a 23% premium.
Price
$299.84
Fair Value
$323.00
Uncertainty
High
1-Star Price
$582.95
5-Star Price
$564.20
Economic Moat
Brcgnh
Capital Allocation
Llhyrqhs

Bulls Say, Bears Say

Bulls

Despite near-term volume pressure from muted retailer restocking and soft industrial end markets, FedEx's US ground and international express delivery operations should enjoy positive longer-term tailwinds from e-commerce grow

Bears

Retail sector inventory destocking could persist for an extended period, tempering recovery in ground and express package volume growth.

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Trading Information

Previous Close Price
$295.47
Day Range
$293.44–302.41
52-Week Range
$224.69–302.41
Bid/Ask
$299.88 / $300.44
Market Cap
$73.78 Bil
Volume/Avg
4.3 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
17.29
Price/Sales
0.87
Dividend Yield (Trailing)
1.72%
Dividend Yield (Forward)
1.84%
Total Yield
4.44%

Company Profile

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended May 2024, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting the firm's presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
Sector
Industrials
Industry
Integrated Freight & Logistics
Stock Style Box
Large Value
Total Number of Employees
787,400
Website
https://www.fedex.com

Competitors

Valuation

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Metric
FDX
DHL
ODFL
Price/Earnings (Normalized)
 17.2912.6131.09
Price/Book Value
 2.681.998.73
Price/Sales
 0.870.566.59
Price/Cash Flow
 6.495.6723.57
Price/Earnings
FDX
DHL
ODFL

Financial Strength

Metric
FDX
DHL
ODFL
Quick Ratio
 1.170.742.15
Current Ratio
 1.310.952.29
Interest Coverage
 16.467.225,446.68
Quick Ratio
FDX
DHL
ODFL

Profitability

Metric
FDX
DHL
ODFL
Return on Assets (Normalized)
 5.74%5.51%23.37%
Return on Equity (Normalized)
 19.12%16.07%30.38%
Return on Invested Capital (Normalized)
 8.22%9.19%29.46%
Return on Assets
FDX
DHL
ODFL
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Integrated Freight & Logistics Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
United Parcel Service Inc Class B
UPS
PgvjdknqDsw$117.1 Bil
 DHL Group
DPSTF
—Mbfcvv$47.8 Bil
 DHL Group ADR
DHLGY
KdygnrbflFswklw$47.8 Bil
 Expeditors International of Washington Inc
EXPD
DkgvdqhvwyMchb$17.6 Bil
 ZTO Express (Cayman) Inc ADR
ZTO
GjjpgrkxwbKtdmkm$17.0 Bil
 JB Hunt Transport Services Inc
JBHT
XsmjcqjtxGbgfwm$16.5 Bil
 C.H. Robinson Worldwide Inc
CHRW
KktfnknfBftx$10.3 Bil
 Landstar System Inc
LSTR
WtgrzhffkPyw$6.6 Bil
 Hub Group Inc Class A
HUBG
QsdrlnmgHpryxj$2.7 Bil

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