EXPEDITORS INTL WASH INC (EXPD)
US3021301094 - Common Stock
EXPD gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 20 industry peers in the Air Freight & Logistics industry. EXPD gets an excellent profitability rating and is at the same time showing great financial health properties. EXPD has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year EXPD was profitable.
In the past year EXPD had a positive cash flow from operations.
EXPD had positive earnings in each of the past 5 years.
Each year in the past 5 years EXPD had a positive operating cash flow.
1.2 Ratios
EXPD's Return On Assets of 14.17% is amongst the best of the industry. EXPD outperforms 94.74% of its industry peers.
Looking at the Return On Equity, with a value of 31.10%, EXPD belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
EXPD's Return On Invested Capital of 24.91% is amongst the best of the industry. EXPD outperforms 94.74% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EXPD is significantly above the industry average of 10.81%.
The last Return On Invested Capital (24.91%) for EXPD is well below the 3 year average (33.11%), which needs to be investigated, but indicates that EXPD had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.17% | ||
| ROE | 31.1% | ||
| ROIC | 24.91% |
ROA(3y)19.84%
ROA(5y)17.92%
ROE(3y)38.54%
ROE(5y)33.73%
ROIC(3y)33.11%
ROIC(5y)28.96%
1.3 Margins
EXPD has a better Profit Margin (7.39%) than 94.74% of its industry peers.
EXPD's Profit Margin has been stable in the last couple of years.
The Operating Margin of EXPD (9.47%) is better than 94.74% of its industry peers.
In the last couple of years the Operating Margin of EXPD has remained more or less at the same level.
EXPD has a better Gross Margin (32.68%) than 73.68% of its industry peers.
In the last couple of years the Gross Margin of EXPD has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.47% | ||
| PM (TTM) | 7.39% | ||
| GM | 32.68% |
OM growth 3Y1%
OM growth 5Y0.63%
PM growth 3Y3.69%
PM growth 5Y1.29%
GM growth 3Y4.54%
GM growth 5Y1.63%
2. Health
2.1 Basic Checks
EXPD has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
EXPD has less shares outstanding than it did 1 year ago.
EXPD has less shares outstanding than it did 5 years ago.
There is no outstanding debt for EXPD. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 6.93 indicates that EXPD is not in any danger for bankruptcy at the moment.
EXPD has a Altman-Z score of 6.93. This is amongst the best in the industry. EXPD outperforms 84.21% of its industry peers.
EXPD has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 6.93 |
ROIC/WACC2.7
WACC9.21%
2.3 Liquidity
EXPD has a Current Ratio of 1.72. This is a normal value and indicates that EXPD is financially healthy and should not expect problems in meeting its short term obligations.
EXPD has a Current ratio of 1.72. This is in the better half of the industry: EXPD outperforms 78.95% of its industry peers.
A Quick Ratio of 1.72 indicates that EXPD should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.72, EXPD belongs to the top of the industry, outperforming 84.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 |
3. Growth
3.1 Past
The earnings per share for EXPD have decreased by -4.47% in the last year.
The Earnings Per Share has been growing slightly by 7.80% on average over the past years.
Looking at the last year, EXPD shows a decrease in Revenue. The Revenue has decreased by -5.16% in the last year.
EXPD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.71% yearly.
EPS 1Y (TTM)-4.47%
EPS 3Y7.58%
EPS 5Y7.8%
EPS Q2Q%31.45%
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y-1%
Revenue growth 5Y2.71%
Sales Q2Q%36.99%
3.2 Future
Based on estimates for the next years, EXPD will show a small growth in Earnings Per Share. The EPS will grow by 6.36% on average per year.
Based on estimates for the next years, EXPD will show a small growth in Revenue. The Revenue will grow by 4.83% on average per year.
EPS Next Y9.58%
EPS Next 2Y4.33%
EPS Next 3Y5.13%
EPS Next 5Y6.36%
Revenue Next Year11.09%
Revenue Next 2Y5.4%
Revenue Next 3Y4.41%
Revenue Next 5Y4.83%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.73, EXPD is valued on the expensive side.
EXPD's Price/Earnings ratio is in line with the industry average.
EXPD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.73.
The Price/Forward Earnings ratio is 20.16, which indicates a rather expensive current valuation of EXPD.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EXPD indicates a somewhat cheap valuation: EXPD is cheaper than 68.42% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.83, EXPD is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.73 | ||
| Fwd PE | 20.16 |
4.2 Price Multiples
EXPD's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, EXPD is valued a bit cheaper than the industry average as 63.16% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.41 | ||
| EV/EBITDA | 14.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
EXPD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.27
PEG (5Y)2.79
EPS Next 2Y4.33%
EPS Next 3Y5.13%
5. Dividend
5.1 Amount
EXPD has a Yearly Dividend Yield of 1.30%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.80, EXPD pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.30, EXPD pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
5.2 History
The dividend of EXPD is nicely growing with an annual growth rate of 8.50%!
EXPD has been paying a dividend for at least 10 years, so it has a reliable track record.
EXPD has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.5%
Div Incr Years28
Div Non Decr Years31
5.3 Sustainability
27.61% of the earnings are spent on dividend by EXPD. This is a low number and sustainable payout ratio.
EXPD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP27.61%
EPS Next 2Y4.33%
EPS Next 3Y5.13%
EXPEDITORS INTL WASH INC
NYSE:EXPD (12/20/2024, 8:07:58 PM)
After market: 111.48 0 (0%)111.48
-1.26 (-1.12%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners94.22%
Inst Owner Change1.25%
Ins Owners0.64%
Ins Owner Change-0.13%
Market Cap15.60B
Analysts48.18
Price Target119.27 (6.99%)
Short Float %3.82%
Short Ratio4.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Dividend Growth(5Y)8.5%
DP27.61%
Div Incr Years28
Div Non Decr Years31
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.4%
Min EPS beat(2)-3.63%
Max EPS beat(2)18.42%
EPS beat(4)2
Avg EPS beat(4)1.95%
Min EPS beat(4)-13.07%
Max EPS beat(4)18.42%
EPS beat(8)3
Avg EPS beat(8)-3.68%
EPS beat(12)7
Avg EPS beat(12)3.64%
EPS beat(16)11
Avg EPS beat(16)8.46%
Revenue beat(2)2
Avg Revenue beat(2)12.65%
Min Revenue beat(2)4.95%
Max Revenue beat(2)20.34%
Revenue beat(4)2
Avg Revenue beat(4)4.85%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)20.34%
Revenue beat(8)2
Avg Revenue beat(8)-4.43%
Revenue beat(12)4
Avg Revenue beat(12)-1.03%
Revenue beat(16)8
Avg Revenue beat(16)2.69%
PT rev (1m)0.55%
PT rev (3m)0.66%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.88%
EPS NY rev (1m)2.02%
EPS NY rev (3m)8.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)16.52%
Revenue NY rev (1m)2.18%
Revenue NY rev (3m)8.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.73 | ||
| Fwd PE | 20.16 | ||
| P/S | 1.57 | ||
| P/FCF | 26.41 | ||
| P/OCF | 24.69 | ||
| P/B | 6.62 | ||
| P/tB | 6.64 | ||
| EV/EBITDA | 14.21 |
EPS(TTM)5.13
EY4.6%
EPS(NY)5.53
Fwd EY4.96%
FCF(TTM)4.22
FCFY3.79%
OCF(TTM)4.52
OCFY4.05%
SpS70.89
BVpS16.84
TBVpS16.78
PEG (NY)2.27
PEG (5Y)2.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.17% | ||
| ROE | 31.1% | ||
| ROCE | 33.62% | ||
| ROIC | 24.91% | ||
| ROICexc | 46.35% | ||
| ROICexgc | 46.6% | ||
| OM | 9.47% | ||
| PM (TTM) | 7.39% | ||
| GM | 32.68% | ||
| FCFM | 5.95% |
ROA(3y)19.84%
ROA(5y)17.92%
ROE(3y)38.54%
ROE(5y)33.73%
ROIC(3y)33.11%
ROIC(5y)28.96%
ROICexc(3y)69.64%
ROICexc(5y)59.82%
ROICexgc(3y)69.99%
ROICexgc(5y)60.13%
ROCE(3y)44.69%
ROCE(5y)39.09%
ROICexcg growth 3Y4.89%
ROICexcg growth 5Y-0.83%
ROICexc growth 3Y4.86%
ROICexc growth 5Y-0.8%
OM growth 3Y1%
OM growth 5Y0.63%
PM growth 3Y3.69%
PM growth 5Y1.29%
GM growth 3Y4.54%
GM growth 5Y1.63%
F-Score4
Asset Turnover1.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 61.14% | ||
| Cap/Sales | 0.41% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 62.77% | ||
| Profit Quality | 80.62% | ||
| Current Ratio | 1.72 | ||
| Quick Ratio | 1.72 | ||
| Altman-Z | 6.93 |
F-Score4
WACC9.21%
ROIC/WACC2.7
Cap/Depr(3y)93.36%
Cap/Depr(5y)91.11%
Cap/Sales(3y)0.38%
Cap/Sales(5y)0.45%
Profit Quality(3y)114.68%
Profit Quality(5y)110.83%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.47%
EPS 3Y7.58%
EPS 5Y7.8%
EPS Q2Q%31.45%
EPS Next Y9.58%
EPS Next 2Y4.33%
EPS Next 3Y5.13%
EPS Next 5Y6.36%
Revenue 1Y (TTM)-5.16%
Revenue growth 3Y-1%
Revenue growth 5Y2.71%
Sales Q2Q%36.99%
Revenue Next Year11.09%
Revenue Next 2Y5.4%
Revenue Next 3Y4.41%
Revenue Next 5Y4.83%
EBIT growth 1Y-12.21%
EBIT growth 3Y0%
EBIT growth 5Y3.35%
EBIT Next Year9.23%
EBIT Next 3Y3.24%
EBIT Next 5Y4.93%
FCF growth 1Y-68.37%
FCF growth 3Y18.62%
FCF growth 5Y14.06%
OCF growth 1Y-67.55%
OCF growth 3Y17.15%
OCF growth 5Y12.95%