FEDEX CORP (FDX.DE) Stock Fundamental Analysis
Europe - FRA:FDX - US31428X1063 - Common Stock
192.8 EUR
-1.06 (-0.55%)
FDX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Air Freight & Logistics industry. While FDX belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. FDX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
FDX had positive earnings in the past year.
In the past year FDX had a positive cash flow from operations.
Each year in the past 5 years FDX has been profitable.
In the past 5 years FDX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of FDX (4.66%) is better than 64.29% of its industry peers.
With a Return On Equity value of 14.55%, FDX perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
FDX has a better Return On Invested Capital (6.29%) than 71.43% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for FDX is in line with the industry average of 7.69%.
The 3 year average ROIC (6.03%) for FDX is below the current ROIC(6.29%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.66% | ||
| ROE | 14.55% | ||
| ROIC | 6.29% |
ROA(3y)4.73%
ROA(5y)4.99%
ROE(3y)15.15%
ROE(5y)16.47%
ROIC(3y)6.03%
ROIC(5y)6.27%
1.3 Margins
Looking at the Profit Margin, with a value of 4.65%, FDX is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
In the last couple of years the Profit Margin of FDX has grown nicely.
Looking at the Operating Margin, with a value of 6.92%, FDX is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
FDX's Operating Margin has improved in the last couple of years.
The Gross Margin of FDX (70.95%) is better than 92.86% of its industry peers.
In the last couple of years the Gross Margin of FDX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.92% | ||
| PM (TTM) | 4.65% | ||
| GM | 70.95% |
OM growth 3Y-0.28%
OM growth 5Y10.92%
PM growth 3Y4.41%
PM growth 5Y20.17%
GM growth 3Y1.06%
GM growth 5Y0.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FDX is destroying value.
The number of shares outstanding for FDX has been reduced compared to 1 year ago.
FDX has less shares outstanding than it did 5 years ago.
FDX has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.48 indicates that FDX is not a great score, but indicates only limited risk for bankruptcy at the moment.
FDX has a Altman-Z score of 2.48. This is in the better half of the industry: FDX outperforms 71.43% of its industry peers.
The Debt to FCF ratio of FDX is 6.90, which is on the high side as it means it would take FDX, 6.90 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.90, FDX perfoms like the industry average, outperforming 57.14% of the companies in the same industry.
FDX has a Debt/Equity ratio of 0.68. This is a neutral value indicating FDX is somewhat dependend on debt financing.
The Debt to Equity ratio of FDX (0.68) is better than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 6.9 | ||
| Altman-Z | 2.48 |
ROIC/WACC0.88
WACC7.16%
2.3 Liquidity
FDX has a Current Ratio of 1.19. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.19, FDX is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
FDX has a Quick Ratio of 1.15. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of FDX (1.15) is better than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
FDX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.36%.
FDX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.92% yearly.
The Revenue has been growing slightly by 0.27% in the past year.
Measured over the past years, FDX shows a small growth in Revenue. The Revenue has been growing by 4.90% on average per year.
EPS 1Y (TTM)2.36%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%12.2%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%0.5%
3.2 Future
Based on estimates for the next years, FDX will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.46% on average per year.
FDX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.62% yearly.
EPS Next Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
EPS Next 5Y11.46%
Revenue Next Year1.92%
Revenue Next 2Y2.86%
Revenue Next 3Y3.12%
Revenue Next 5Y3.62%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
FDX is valuated correctly with a Price/Earnings ratio of 12.52.
64.29% of the companies in the same industry are more expensive than FDX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of FDX to the average of the S&P500 Index (27.20), we can say FDX is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 12.19, the valuation of FDX can be described as correct.
Based on the Price/Forward Earnings ratio, FDX is valued a bit cheaper than the industry average as 78.57% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of FDX to the average of the S&P500 Index (22.70), we can say FDX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.52 | ||
| Fwd PE | 12.19 |
4.2 Price Multiples
FDX's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as FDX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.06 | ||
| EV/EBITDA | 6.69 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
FDX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.64
PEG (5Y)0.9
EPS Next 2Y8.41%
EPS Next 3Y9.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.53%, FDX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.53, FDX has a dividend in line with its industry peers.
FDX's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
5.2 History
On average, the dividend of FDX grows each year by 16.33%, which is quite nice.
Dividend Growth(5Y)16.33%
Div Incr Years4
Div Non Decr Years6
5.3 Sustainability
FDX pays out 32.77% of its income as dividend. This is a sustainable payout ratio.
FDX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.77%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
FRA:FDX (9/18/2025, 9:52:20 AM)
192.8
-1.06 (-0.55%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)
Earnings (Next)
Inst Owners80.06%
Inst Owner ChangeN/A
Ins Owners8.42%
Ins Owner ChangeN/A
Market Cap45.49B
Analysts77.22
Price Target227.41 (17.95%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.53% |
Yearly Dividend4.72
Dividend Growth(5Y)16.33%
DP32.77%
Div Incr Years4
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.93%
Min EPS beat(2)-1.52%
Max EPS beat(2)3.38%
EPS beat(4)2
Avg EPS beat(4)-5.07%
Min EPS beat(4)-25.05%
Max EPS beat(4)3.38%
EPS beat(8)5
Avg EPS beat(8)0.74%
EPS beat(12)7
Avg EPS beat(12)0.62%
EPS beat(16)8
Avg EPS beat(16)0.26%
Revenue beat(2)2
Avg Revenue beat(2)0.63%
Min Revenue beat(2)0.3%
Max Revenue beat(2)0.95%
Revenue beat(4)2
Avg Revenue beat(4)-0.75%
Min Revenue beat(4)-2.58%
Max Revenue beat(4)0.95%
Revenue beat(8)2
Avg Revenue beat(8)-1.23%
Revenue beat(12)2
Avg Revenue beat(12)-2.07%
Revenue beat(16)3
Avg Revenue beat(16)-1.49%
PT rev (1m)-2.56%
PT rev (3m)-8.21%
EPS NQ rev (1m)-2.49%
EPS NQ rev (3m)-13.56%
EPS NY rev (1m)-0.14%
EPS NY rev (3m)-7.67%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)0.42%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-0.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.52 | ||
| Fwd PE | 12.19 | ||
| P/S | 0.61 | ||
| P/FCF | 18.06 | ||
| P/OCF | 7.65 | ||
| P/B | 1.92 | ||
| P/tB | 2.51 | ||
| EV/EBITDA | 6.69 |
EPS(TTM)15.4
EY7.99%
EPS(NY)15.82
Fwd EY8.2%
FCF(TTM)10.67
FCFY5.54%
OCF(TTM)25.19
OCFY13.07%
SpS314.82
BVpS100.52
TBVpS76.88
PEG (NY)4.64
PEG (5Y)0.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.66% | ||
| ROE | 14.55% | ||
| ROCE | 8.42% | ||
| ROIC | 6.29% | ||
| ROICexc | 6.81% | ||
| ROICexgc | 7.56% | ||
| OM | 6.92% | ||
| PM (TTM) | 4.65% | ||
| GM | 70.95% | ||
| FCFM | 3.39% |
ROA(3y)4.73%
ROA(5y)4.99%
ROE(3y)15.15%
ROE(5y)16.47%
ROIC(3y)6.03%
ROIC(5y)6.27%
ROICexc(3y)6.59%
ROICexc(5y)6.9%
ROICexgc(3y)7.32%
ROICexgc(5y)7.7%
ROCE(3y)8.07%
ROCE(5y)8.39%
ROICexcg growth 3Y-3.48%
ROICexcg growth 5Y12.86%
ROICexc growth 3Y-3.24%
ROICexc growth 5Y13.26%
OM growth 3Y-0.28%
OM growth 5Y10.92%
PM growth 3Y4.41%
PM growth 5Y20.17%
GM growth 3Y1.06%
GM growth 5Y0.21%
F-Score6
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.68 | ||
| Debt/FCF | 6.9 | ||
| Debt/EBITDA | 1.85 | ||
| Cap/Depr | 95.1% | ||
| Cap/Sales | 4.61% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.01% | ||
| Profit Quality | 72.96% | ||
| Current Ratio | 1.19 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 2.48 |
F-Score6
WACC7.16%
ROIC/WACC0.88
Cap/Depr(3y)121.23%
Cap/Depr(5y)137.83%
Cap/Sales(3y)5.79%
Cap/Sales(5y)6.32%
Profit Quality(3y)70.96%
Profit Quality(5y)74.93%
High Growth Momentum
Growth
EPS 1Y (TTM)2.36%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%12.2%
EPS Next Y2.7%
EPS Next 2Y8.41%
EPS Next 3Y9.08%
EPS Next 5Y11.46%
Revenue 1Y (TTM)0.27%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%0.5%
Revenue Next Year1.92%
Revenue Next 2Y2.86%
Revenue Next 3Y3.12%
Revenue Next 5Y3.62%
EBIT growth 1Y-2.55%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year75.42%
EBIT Next 3Y25.21%
EBIT Next 5Y16.36%
FCF growth 1Y-4.94%
FCF growth 3Y-0.97%
FCF growth 5YN/A
OCF growth 1Y-15.35%
OCF growth 3Y-10.55%
OCF growth 5Y6.66%