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Old Dominion Freight Line Inc Ordinary Shares ODFL

Morningstar Rating
$195.31 −0.16 (0.08%)
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Company Report

Execution Intact, but Old Dominion's Demand Backdrop Remains Unfavorable

Following impressive growth over the past decade, Old Dominion Freight Line is the second-largest US less-than-truckload carrier by revenue (after FedEx Freight) and the clear industry leader in terms of execution, freight selection, and service quality, which is no small factor for shippers. Even during the Great Recession, the company kept its head above water via impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Price vs Fair Value

ODFL is trading at a 568% premium.
Price
$195.47
Fair Value
$463.00
Uncertainty
Medium
1-Star Price
$564.60
5-Star Price
$532.90
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Given its capacity investment, Old Dominion is well positioned to take incremental market share as former Yellow freight gets shuffled around in the year ahead.

Bears

Yellow aside, underlying demand across the broader trucking industry is facing near-term headwinds from muted retailer inventory restocking.

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News

Trading Information

Previous Close Price
$195.47
Day Range
$192.88199.29
52-Week Range
$165.49227.80
Bid/Ask
$180.00 / $205.00
Market Cap
$42.44 Bil
Volume/Avg
1.3 Mil / 1.9 Mil

Key Statistics

Price/Earnings (Normalized)
34.41
Price/Sales
7.29
Dividend Yield (Trailing)
0.47%
Dividend Yield (Forward)
0.53%
Total Yield
1.41%

Company Profile

Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States, with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.
Sector
Industrials
Industry
Trucking
Stock Style Box
Mid Growth
Total Number of Employees
22,902

Competitors

Valuation

Metric
ODFL
FDX
XPO
Price/Earnings (Normalized)
34.4117.2035.63
Price/Book Value
9.662.719.86
Price/Sales
7.290.881.71
Price/Cash Flow
26.096.5515.79
Price/Earnings
ODFL
FDX
XPO

Financial Strength

Metric
ODFL
FDX
XPO
Quick Ratio
2.151.240.81
Current Ratio
2.291.360.94
Interest Coverage
5,446.688.342.79
Quick Ratio
ODFL
FDX
XPO

Profitability

Metric
ODFL
FDX
XPO
Return on Assets (Normalized)
23.37%5.14%5.52%
Return on Equity (Normalized)
30.38%16.79%31.66%
Return on Invested Capital (Normalized)
29.46%7.36%10.75%
Return on Assets
ODFL
FDX
XPO
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