EXPEDITORS INTL WASH INC (EXPD) Stock Fundamental Analysis
NYSE:EXPD - New York Stock Exchange, Inc. - US3021301094 - Common Stock - Currency: USD
Overall EXPD gets a fundamental rating of 7 out of 10. We evaluated EXPD against 23 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
EXPD had positive earnings in the past year.
EXPD had a positive operating cash flow in the past year.
In the past 5 years EXPD has always been profitable.
EXPD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EXPD's Return On Assets of 17.04% is amongst the best of the industry. EXPD outperforms 91.30% of its industry peers.
The Return On Equity of EXPD (36.44%) is better than 91.30% of its industry peers.
With an excellent Return On Invested Capital value of 28.71%, EXPD belongs to the best of the industry, outperforming 91.30% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for EXPD is significantly above the industry average of 12.40%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.04% | ||
| ROE | 36.44% | ||
| ROIC | 28.71% |
ROA(3y)19.32%
ROA(5y)18.13%
ROE(3y)37.19%
ROE(5y)35.65%
ROIC(3y)30.54%
ROIC(5y)30.2%
1.3 Margins
EXPD has a Profit Margin of 7.64%. This is amongst the best in the industry. EXPD outperforms 86.96% of its industry peers.
EXPD's Profit Margin has been stable in the last couple of years.
EXPD's Operating Margin of 9.82% is amongst the best of the industry. EXPD outperforms 86.96% of its industry peers.
In the last couple of years the Operating Margin of EXPD has remained more or less at the same level.
Looking at the Gross Margin, with a value of 32.20%, EXPD is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
EXPD's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.82% | ||
| PM (TTM) | 7.64% | ||
| GM | 32.2% |
OM growth 3Y-5.26%
OM growth 5Y0.34%
PM growth 3Y-3.72%
PM growth 5Y0.57%
GM growth 3Y6.02%
GM growth 5Y-0.6%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so EXPD is creating value.
The number of shares outstanding for EXPD has been reduced compared to 1 year ago.
Compared to 5 years ago, EXPD has less shares outstanding
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
EXPD has an Altman-Z score of 7.56. This indicates that EXPD is financially healthy and has little risk of bankruptcy at the moment.
EXPD's Altman-Z score of 7.56 is amongst the best of the industry. EXPD outperforms 95.65% of its industry peers.
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 7.56 |
ROIC/WACC3.2
WACC8.98%
2.3 Liquidity
A Current Ratio of 1.77 indicates that EXPD should not have too much problems paying its short term obligations.
EXPD has a better Current ratio (1.77) than 78.26% of its industry peers.
EXPD has a Quick Ratio of 1.77. 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 Quick ratio of 1.77. This is amongst the best in the industry. EXPD outperforms 82.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.60% over the past year.
Measured over the past years, EXPD shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.03% on average per year.
EXPD shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 13.98%.
Measured over the past years, EXPD shows a small growth in Revenue. The Revenue has been growing by 5.94% on average per year.
EPS 1Y (TTM)12.6%
EPS 3Y-11.53%
EPS 5Y11.03%
EPS Q2Q%54.13%
Revenue 1Y (TTM)13.98%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%29.72%
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 5.47% on average per year.
EXPD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.91% yearly.
EPS Next Y-3.41%
EPS Next 2Y0.75%
EPS Next 3Y2.56%
EPS Next 5Y5.47%
Revenue Next Year0.7%
Revenue Next 2Y1.35%
Revenue Next 3Y1.75%
Revenue Next 5Y3.91%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 18.65, EXPD is valued on the expensive side.
EXPD's Price/Earnings ratio is a bit cheaper when compared to the industry. EXPD is cheaper than 60.87% of the companies in the same industry.
EXPD's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.29.
Based on the Price/Forward Earnings ratio of 19.31, the valuation of EXPD can be described as rather expensive.
Based on the Price/Forward Earnings ratio, EXPD is valued a bit cheaper than 69.57% of the companies in the same industry.
EXPD's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.08.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.65 | ||
| Fwd PE | 19.31 |
4.2 Price Multiples
EXPD's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EXPD indicates a somewhat cheap valuation: EXPD is cheaper than 73.91% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.52 | ||
| EV/EBITDA | 12.29 |
4.3 Compensation for Growth
EXPD has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.69
EPS Next 2Y0.75%
EPS Next 3Y2.56%
5. Dividend
5.1 Amount
EXPD has a Yearly Dividend Yield of 1.37%.
EXPD's Dividend Yield is a higher than the industry average which is at 4.06.
With a Dividend Yield of 1.37, EXPD pays less dividend than the S&P500 average, which is at 2.52.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
5.2 History
The dividend of EXPD is nicely growing with an annual growth rate of 7.69%!
EXPD has been paying a dividend for at least 10 years, so it has a reliable track record.
EXPD has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.69%
Div Incr Years28
Div Non Decr Years31
5.3 Sustainability
25.19% of the earnings are spent on dividend by EXPD. This is a low number and sustainable payout ratio.
The dividend of EXPD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP25.19%
EPS Next 2Y0.75%
EPS Next 3Y2.56%
106.7
+1.22 (+1.16%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners96.11%
Inst Owner Change0.53%
Ins Owners0.64%
Ins Owner Change-0.02%
Market Cap14.70B
Analysts48.7
Price Target118.47 (11.03%)
Short Float %3.67%
Short Ratio3.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.37% |
Yearly Dividend1.45
Dividend Growth(5Y)7.69%
DP25.19%
Div Incr Years28
Div Non Decr Years31
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.56%
Min EPS beat(2)14.71%
Max EPS beat(2)18.42%
EPS beat(4)3
Avg EPS beat(4)8.89%
Min EPS beat(4)-3.63%
Max EPS beat(4)18.42%
EPS beat(8)4
Avg EPS beat(8)2.05%
EPS beat(12)7
Avg EPS beat(12)2.75%
EPS beat(16)11
Avg EPS beat(16)8.98%
Revenue beat(2)2
Avg Revenue beat(2)11.74%
Min Revenue beat(2)3.13%
Max Revenue beat(2)20.34%
Revenue beat(4)3
Avg Revenue beat(4)6.45%
Min Revenue beat(4)-2.62%
Max Revenue beat(4)20.34%
Revenue beat(8)3
Avg Revenue beat(8)-2.04%
Revenue beat(12)4
Avg Revenue beat(12)-2.39%
Revenue beat(16)8
Avg Revenue beat(16)1.79%
PT rev (1m)-0.41%
PT rev (3m)-0.54%
EPS NQ rev (1m)0.52%
EPS NQ rev (3m)10.27%
EPS NY rev (1m)-0.76%
EPS NY rev (3m)-0.08%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)5.28%
Revenue NY rev (1m)-1.14%
Revenue NY rev (3m)0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.65 | ||
| Fwd PE | 19.31 | ||
| P/S | 1.39 | ||
| P/FCF | 21.52 | ||
| P/OCF | 20.32 | ||
| P/B | 6.61 | ||
| P/tB | 6.64 | ||
| EV/EBITDA | 12.29 |
EPS(TTM)5.72
EY5.36%
EPS(NY)5.52
Fwd EY5.18%
FCF(TTM)4.96
FCFY4.65%
OCF(TTM)5.25
OCFY4.92%
SpS76.95
BVpS16.14
TBVpS16.08
PEG (NY)N/A
PEG (5Y)1.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.04% | ||
| ROE | 36.44% | ||
| ROCE | 38.74% | ||
| ROIC | 28.71% | ||
| ROICexc | 50.12% | ||
| ROICexgc | 50.38% | ||
| OM | 9.82% | ||
| PM (TTM) | 7.64% | ||
| GM | 32.2% | ||
| FCFM | 6.44% |
ROA(3y)19.32%
ROA(5y)18.13%
ROE(3y)37.19%
ROE(5y)35.65%
ROIC(3y)30.54%
ROIC(5y)30.2%
ROICexc(3y)64.47%
ROICexc(5y)61.05%
ROICexgc(3y)64.82%
ROICexgc(5y)61.36%
ROCE(3y)41.22%
ROCE(5y)40.76%
ROICexcg growth 3Y-8.56%
ROICexcg growth 5Y2.64%
ROICexc growth 3Y-8.6%
ROICexc growth 5Y2.66%
OM growth 3Y-5.26%
OM growth 5Y0.34%
PM growth 3Y-3.72%
PM growth 5Y0.57%
GM growth 3Y6.02%
GM growth 5Y-0.6%
F-Score6
Asset Turnover2.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 66.24% | ||
| Cap/Sales | 0.38% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 65.62% | ||
| Profit Quality | 84.3% | ||
| Current Ratio | 1.77 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 7.56 |
F-Score6
WACC8.98%
ROIC/WACC3.2
Cap/Depr(3y)91.91%
Cap/Depr(5y)85.93%
Cap/Sales(3y)0.44%
Cap/Sales(5y)0.41%
Profit Quality(3y)123.17%
Profit Quality(5y)103.12%
High Growth Momentum
Growth
EPS 1Y (TTM)12.6%
EPS 3Y-11.53%
EPS 5Y11.03%
EPS Q2Q%54.13%
EPS Next Y-3.41%
EPS Next 2Y0.75%
EPS Next 3Y2.56%
EPS Next 5Y5.47%
Revenue 1Y (TTM)13.98%
Revenue growth 3Y-13.75%
Revenue growth 5Y5.94%
Sales Q2Q%29.72%
Revenue Next Year0.7%
Revenue Next 2Y1.35%
Revenue Next 3Y1.75%
Revenue Next 5Y3.91%
EBIT growth 1Y10.78%
EBIT growth 3Y-18.29%
EBIT growth 5Y6.31%
EBIT Next Year4.43%
EBIT Next 3Y1.99%
EBIT Next 5Y5.28%
FCF growth 1Y-32.65%
FCF growth 3Y-6.38%
FCF growth 5Y-1.18%
OCF growth 1Y-31.32%
OCF growth 3Y-5.91%
OCF growth 5Y-1.29%