FEDEX CORP (FDX) Fundamental Analysis & Valuation
NYSE:FDX • US31428X1063
Current stock price
374.08 USD
-2.92 (-0.77%)
At close:
374.08 USD
0 (0%)
After Hours:
This FDX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. FDX Profitability Analysis
1.1 Basic Checks
- In the past year FDX was profitable.
- In the past year FDX had a positive cash flow from operations.
- Each year in the past 5 years FDX has been profitable.
- FDX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.73%, FDX is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
- FDX has a Return On Equity of 15.02%. This is amongst the best in the industry. FDX outperforms 86.96% of its industry peers.
- FDX has a better Return On Invested Capital (6.27%) than 73.91% of its industry peers.
- FDX had an Average Return On Invested Capital over the past 3 years of 6.03%. This is below the industry average of 9.36%.
- The 3 year average ROIC (6.03%) for FDX is below the current ROIC(6.27%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.73% | ||
| ROE | 15.02% | ||
| ROIC | 6.27% |
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
- FDX has a Profit Margin of 4.87%. This is amongst the best in the industry. FDX outperforms 86.96% of its industry peers.
- In the last couple of years the Profit Margin of FDX has grown nicely.
- With an excellent Operating Margin value of 7.07%, FDX belongs to the best of the industry, outperforming 86.96% of the companies in the same industry.
- FDX's Operating Margin has improved in the last couple of years.
- FDX has a Gross Margin of 71.39%. This is amongst the best in the industry. FDX outperforms 95.65% 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 | 7.07% | ||
| PM (TTM) | 4.87% | ||
| GM | 71.39% |
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. FDX Health Analysis
2.1 Basic Checks
- FDX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for FDX has been reduced compared to 1 year ago.
- The number of shares outstanding for FDX has been reduced compared to 5 years ago.
- The debt/assets ratio for FDX is higher compared to a year ago.
2.2 Solvency
- FDX has an Altman-Z score of 2.76. This is not the best score and indicates that FDX is in the grey zone with still only limited risk for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 2.76, FDX is in line with its industry, outperforming 52.17% of the companies in the same industry.
- FDX has a debt to FCF ratio of 5.78. This is a neutral value as FDX would need 5.78 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 5.78, FDX is in the better half of the industry, outperforming 73.91% of the companies in the same industry.
- FDX has a Debt/Equity ratio of 0.77. This is a neutral value indicating FDX is somewhat dependend on debt financing.
- With a Debt to Equity ratio value of 0.77, FDX is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 5.78 | ||
| Altman-Z | 2.76 |
ROIC/WACC0.8
WACC7.84%
2.3 Liquidity
- A Current Ratio of 1.47 indicates that FDX should not have too much problems paying its short term obligations.
- FDX has a Current ratio (1.47) which is in line with its industry peers.
- FDX has a Quick Ratio of 1.44. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting its short term obligations.
- With a Quick ratio value of 1.44, FDX is not doing good in the industry: 65.22% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.44 |
3. FDX Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 13.66% over the past year.
- FDX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.92% yearly.
- FDX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.69%.
- FDX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.90% yearly.
EPS 1Y (TTM)13.66%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%16.41%
Revenue 1Y (TTM)4.69%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%8.3%
3.2 Future
- FDX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.88% yearly.
- Based on estimates for the next years, FDX will show a small growth in Revenue. The Revenue will grow by 4.47% on average per year.
EPS Next Y8.69%
EPS Next 2Y11.53%
EPS Next 3Y12.94%
EPS Next 5Y11.88%
Revenue Next Year7.02%
Revenue Next 2Y5.96%
Revenue Next 3Y5.55%
Revenue Next 5Y4.47%
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 stable.
4. FDX Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 18.73, the valuation of FDX can be described as rather expensive.
- Based on the Price/Earnings ratio, FDX is valued a bit cheaper than the industry average as 73.91% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 26.86, FDX is valued a bit cheaper.
- A Price/Forward Earnings ratio of 16.50 indicates a correct valuation of FDX.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of FDX indicates a rather cheap valuation: FDX is cheaper than 86.96% of the companies listed in the same industry.
- FDX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 16.5 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FDX indicates a somewhat cheap valuation: FDX is cheaper than 78.26% of the companies listed in the same industry.
- 91.30% of the companies in the same industry are more expensive than FDX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.42 | ||
| EV/EBITDA | 9.83 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates FDX does not grow enough to justify the current Price/Earnings ratio.
- FDX has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as FDX's earnings are expected to grow with 12.94% in the coming years.
PEG (NY)2.16
PEG (5Y)1.35
EPS Next 2Y11.53%
EPS Next 3Y12.94%
5. FDX Dividend Analysis
5.1 Amount
- FDX has a Yearly Dividend Yield of 1.54%.
- FDX's Dividend Yield is rather good when compared to the industry average which is at 1.17. FDX pays more dividend than 86.96% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.82, FDX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
5.2 History
- The dividend of FDX is nicely growing with an annual growth rate of 16.41%!
- FDX has been paying a dividend for at least 10 years, so it has a reliable track record.
- FDX has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)16.41%
Div Incr Years5
Div Non Decr Years23
5.3 Sustainability
- 30.35% of the earnings are spent on dividend by FDX. This is a low number and sustainable payout ratio.
- FDX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP30.35%
EPS Next 2Y11.53%
EPS Next 3Y12.94%
FDX Fundamentals: All Metrics, Ratios and Statistics
374.08
-2.92 (-0.77%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)03-19 2026-03-19/amc
Earnings (Next)06-23 2026-06-23/amc
Inst Owners80.05%
Inst Owner Change0.03%
Ins Owners0.26%
Ins Owner Change0.03%
Market Cap89.26B
Revenue(TTM)91.93B
Net Income(TTM)4.48B
Analysts75.88
Price Target410.83 (9.82%)
Short Float %1.33%
Short Ratio1.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
Yearly Dividend5.55
Dividend Growth(5Y)16.41%
DP30.35%
Div Incr Years5
Div Non Decr Years23
Ex-Date03-09 2026-03-09 (1.45)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.97%
Min EPS beat(2)16.25%
Max EPS beat(2)25.7%
EPS beat(4)4
Avg EPS beat(4)12.71%
Min EPS beat(4)3.38%
Max EPS beat(4)25.7%
EPS beat(8)6
Avg EPS beat(8)3.41%
EPS beat(12)8
Avg EPS beat(12)4.44%
EPS beat(16)10
Avg EPS beat(16)3.38%
Revenue beat(2)2
Avg Revenue beat(2)1.69%
Min Revenue beat(2)1.42%
Max Revenue beat(2)1.95%
Revenue beat(4)4
Avg Revenue beat(4)1.51%
Min Revenue beat(4)0.95%
Max Revenue beat(4)1.95%
Revenue beat(8)5
Avg Revenue beat(8)0.16%
Revenue beat(12)5
Avg Revenue beat(12)-0.75%
Revenue beat(16)5
Avg Revenue beat(16)-1.34%
PT rev (1m)8.75%
PT rev (3m)34.15%
EPS NQ rev (1m)0.49%
EPS NQ rev (3m)0.88%
EPS NY rev (1m)5.34%
EPS NY rev (3m)6.43%
Revenue NQ rev (1m)1.36%
Revenue NQ rev (3m)1.53%
Revenue NY rev (1m)0.88%
Revenue NY rev (3m)1.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.73 | ||
| Fwd PE | 16.5 | ||
| P/S | 0.97 | ||
| P/FCF | 20.42 | ||
| P/OCF | 10.91 | ||
| P/B | 2.99 | ||
| P/tB | 3.87 | ||
| EV/EBITDA | 9.83 |
EPS(TTM)19.97
EY5.34%
EPS(NY)22.68
Fwd EY6.06%
FCF(TTM)18.32
FCFY4.9%
OCF(TTM)34.28
OCFY9.16%
SpS385.29
BVpS124.91
TBVpS96.58
PEG (NY)2.16
PEG (5Y)1.35
Graham Number236.9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.73% | ||
| ROE | 15.02% | ||
| ROCE | 8.4% | ||
| ROIC | 6.27% | ||
| ROICexc | 7% | ||
| ROICexgc | 7.75% | ||
| OM | 7.07% | ||
| PM (TTM) | 4.87% | ||
| GM | 71.39% | ||
| FCFM | 4.75% |
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)7.71%
ROCE(3y)8.07%
ROCE(5y)8.39%
ROICexgc growth 3Y-3.37%
ROICexgc growth 5Y12.94%
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-Score7
Asset Turnover0.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 5.78 | ||
| Debt/EBITDA | 2.11 | ||
| Cap/Depr | 87.96% | ||
| Cap/Sales | 4.14% | ||
| Interest Coverage | 7.53 | ||
| Cash Conversion | 75.51% | ||
| Profit Quality | 97.61% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.44 | ||
| Altman-Z | 2.76 |
F-Score7
WACC7.84%
ROIC/WACC0.8
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)13.66%
EPS 3Y-4.09%
EPS 5Y13.92%
EPS Q2Q%16.41%
EPS Next Y8.69%
EPS Next 2Y11.53%
EPS Next 3Y12.94%
EPS Next 5Y11.88%
Revenue 1Y (TTM)4.69%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%8.3%
Revenue Next Year7.02%
Revenue Next 2Y5.96%
Revenue Next 3Y5.55%
Revenue Next 5Y4.47%
EBIT growth 1Y8.95%
EBIT growth 3Y-2.31%
EBIT growth 5Y16.35%
EBIT Next Year80.54%
EBIT Next 3Y29.27%
EBIT Next 5Y17.83%
FCF growth 1Y31.14%
FCF growth 3Y-0.97%
FCF growth 5YN/A
OCF growth 1Y-9.73%
OCF growth 3Y-10.55%
OCF growth 5Y6.66%
FEDEX CORP / FDX Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for FEDEX CORP?
ChartMill assigns a fundamental rating of 6 / 10 to FDX.
What is the valuation status for FDX stock?
ChartMill assigns a valuation rating of 6 / 10 to FEDEX CORP (FDX). This can be considered as Fairly Valued.
How profitable is FEDEX CORP (FDX) stock?
FEDEX CORP (FDX) has a profitability rating of 8 / 10.
What is the earnings growth outlook for FEDEX CORP?
The Earnings per Share (EPS) of FEDEX CORP (FDX) is expected to grow by 8.69% in the next year.
How sustainable is the dividend of FEDEX CORP (FDX) stock?
The dividend rating of FEDEX CORP (FDX) is 7 / 10 and the dividend payout ratio is 30.35%.