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FedEx Corp FDX

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Stock XNYS Rating as of
$300.14 +1.55 (0.52%)
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Company Report

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FedEx Ends Fiscal 2024 on a Strong Note; Healthy Margin Progress Despite Muted Volumes

Matthew Young

Overnight delivery pioneer FedEx is one of three large national carriers that dominate the for-hire small-parcel delivery landscape—FedEx and UPS are the major US incumbents, while DHL Express leads Europe. FedEx is also the largest US less-than-truckload carrier, which helps forge sticky relationships with retail and industrial shippers on the package side. Rival UPS has been around much longer in the US ground market, forging a density advantage and higher margins, but FedEx has gradually enhanced its ground positioning over the past decade, with help from its slight speed advantage over UPS and capacity investment.

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Price vs Fair Value

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FDX is trading within a range we consider fairly valued.
Price
$300.14
Fair Value
$592.00
Uncertainty
High
1-Star Price
$353.81
5-Star Price
$369.70
Economic Moat
Vkqdt
Capital Allocation
Xtjjyqls

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
$298.59
Day Range
$297.47–302.18
52-Week Range
$224.69–313.84
Bid/Ask
$299.75 / $300.14
Market Cap
$73.32 Bil
Volume/Avg
1.2 Mil / 1.8 Mil

Key Statistics

Price/Earnings (Normalized)
16.85
Price/Sales
0.86
Dividend Yield (Trailing)
1.72%
Dividend Yield (Forward)
1.84%
Total Yield
4.46%

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
823,600
Website
https://www.fedex.com

Competitors

Valuation

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Metric
FDX
ODFL
UPS
Price/Earnings (Normalized)
 16.8535.7316.08
Price/Book Value
 2.6610.726.47
Price/Sales
 0.867.441.23
Price/Cash Flow
 6.4227.0910.63
Price/Earnings
FDX
ODFL
UPS

Financial Strength

Metric
FDX
ODFL
UPS
Quick Ratio
 1.242.150.96
Current Ratio
 1.362.291.10
Interest Coverage
 8.345,446.6810.58
Quick Ratio
FDX
ODFL
UPS

Profitability

Metric
FDX
ODFL
UPS
Return on Assets (Normalized)
 5.14%23.37%9.78%
Return on Equity (Normalized)
 16.79%30.38%36.79%
Return on Invested Capital (Normalized)
 7.36%29.46%16.90%
Return on Assets
FDX
ODFL
UPS
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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
DxyhwkjpZzkw$110.2 Bil
 DHL Group
DPSTF
—Yjkfm$51.9 Bil
 DHL Group ADR
DHLGY
WjztxtkcPcxsnr$51.3 Bil
 Expeditors International of Washington Inc
EXPD
KvxxxgbpbnZzh$17.5 Bil
 JB Hunt Transport Services Inc
JBHT
GdldzgysmPdycpr$17.5 Bil
 ZTO Express (Cayman) Inc ADR
ZTO
LtgqlxtnpKmjgzgy$15.3 Bil
 C.H. Robinson Worldwide Inc
CHRW
SsxnfzkjhXzjfy$10.5 Bil
 Landstar System Inc
LSTR
GhckvycslmVfkc$6.9 Bil
 Hub Group Inc Class A
HUBG
QqgpcsmfVdvfz$2.9 Bil

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