Old Dominion Freight Line Inc Ordinary Shares
ODFL: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $611.00 | Fzkhx | Mmcxqkckj |
Easing Less-Than-Truckload Demand More Evident in Old Dominion's Q3, but Margins Excellent
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Top-tier less-than-truckload specialist Old Dominion Freight Line's revenue grew 9% year over year in the third quarter after rising 22% last quarter. Growth was mostly in line with our anticipated run rate as yield gains came in ahead, including fuel surcharge noise, while tonnage fell slightly short. We have raised our discounted cash flow-derived fair value estimate to $201 per share from $200 to account for the time value of money since our last update.