FEDEX CORP (FDX) Fundamental Analysis & Valuation
NYSE:FDX • US31428X1063
Current stock price
387.98 USD
-4.71 (-1.2%)
At close:
387.99 USD
0.01 (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
- FDX had positive earnings in the past year.
- FDX had a positive operating cash flow in the past year.
- FDX had positive earnings in each of the past 5 years.
- Each year in the past 5 years FDX had a positive operating cash flow.
1.2 Ratios
- FDX's Return On Assets of 4.73% is fine compared to the rest of the industry. FDX outperforms 73.91% of its industry peers.
- FDX has a better Return On Equity (15.02%) than 86.96% of its industry peers.
- FDX has a better Return On Invested Capital (6.27%) than 73.91% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for FDX 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
- With an excellent Profit Margin value of 4.87%, FDX belongs to the best of the industry, outperforming 86.96% of the companies in the same industry.
- FDX's Profit Margin has improved in the last couple of years.
- Looking at the Operating Margin, with a value of 7.07%, FDX belongs to the top 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.
- FDX has less shares outstanding than it did 5 years ago.
- Compared to 1 year ago, FDX has a worse debt to assets ratio.
2.2 Solvency
- FDX has an Altman-Z score of 2.79. 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.
- The Altman-Z score of FDX (2.79) is comparable to the rest of the industry.
- The Debt to FCF ratio of FDX is 5.78, which is a neutral value as it means it would take FDX, 5.78 years of fcf income to pay off all of its debts.
- FDX has a better Debt to FCF ratio (5.78) than 73.91% of its industry peers.
- FDX has a Debt/Equity ratio of 0.77. This is a neutral value indicating FDX is somewhat dependend on debt financing.
- The Debt to Equity ratio of FDX (0.77) is worse than 69.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.77 | ||
| Debt/FCF | 5.78 | ||
| Altman-Z | 2.79 |
ROIC/WACC0.8
WACC7.87%
2.3 Liquidity
- FDX has a Current Ratio of 1.47. This is a normal value and indicates that FDX is financially healthy and should not expect problems in meeting 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: 60.87% 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.
- Measured over the past years, FDX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.92% on average per year.
- FDX shows a small growth in Revenue. In the last year, the Revenue has grown by 4.69%.
- The Revenue has been growing slightly by 4.90% on average over the past years.
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 12.24% yearly.
- Based on estimates for the next years, FDX will show a small growth in Revenue. The Revenue will grow by 4.87% on average per year.
EPS Next Y8.69%
EPS Next 2Y11.53%
EPS Next 3Y12.94%
EPS Next 5Y12.24%
Revenue Next Year6.99%
Revenue Next 2Y5.97%
Revenue Next 3Y5.55%
Revenue Next 5Y4.87%
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.
- The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. FDX Valuation Analysis
4.1 Price/Earnings Ratio
- FDX is valuated rather expensively with a Price/Earnings ratio of 19.43.
- Based on the Price/Earnings ratio, FDX is valued a bit cheaper than 73.91% of the companies in the same industry.
- FDX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.42, which is the current average of the S&P500 Index.
- FDX is valuated rather expensively with a Price/Forward Earnings ratio of 17.11.
- 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 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.43 | ||
| Fwd PE | 17.11 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, FDX is valued a bit cheaper than 78.26% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, FDX is valued cheaply inside the industry as 91.30% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.18 | ||
| EV/EBITDA | 10.14 |
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.
- The excellent profitability rating of FDX 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)2.24
PEG (5Y)1.4
EPS Next 2Y11.53%
EPS Next 3Y12.94%
5. FDX Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.48%, FDX has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 1.12, FDX pays a better dividend. On top of this FDX pays more dividend than 86.96% of the companies listed in the same industry.
- FDX's Dividend Yield is comparable with the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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
- FDX pays out 30.35% of its income as dividend. This is a sustainable payout ratio.
- The dividend of FDX is growing, but the earnings are growing slower. 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
387.98
-4.71 (-1.2%)
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 Change0.18%
Ins Owners0.26%
Ins Owner Change0.03%
Market Cap92.58B
Revenue(TTM)91.93B
Net Income(TTM)4.48B
Analysts75.88
Price Target410.91 (5.91%)
Short Float %1.2%
Short Ratio1.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.48% |
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)8.78%
PT rev (3m)30.5%
EPS NQ rev (1m)1.16%
EPS NQ rev (3m)1.22%
EPS NY rev (1m)5.34%
EPS NY rev (3m)5.81%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)1.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.43 | ||
| Fwd PE | 17.11 | ||
| P/S | 1.01 | ||
| P/FCF | 21.18 | ||
| P/OCF | 11.32 | ||
| P/B | 3.11 | ||
| P/tB | 4.02 | ||
| EV/EBITDA | 10.14 |
EPS(TTM)19.97
EY5.15%
EPS(NY)22.68
Fwd EY5.85%
FCF(TTM)18.32
FCFY4.72%
OCF(TTM)34.28
OCFY8.83%
SpS385.29
BVpS124.91
TBVpS96.58
PEG (NY)2.24
PEG (5Y)1.4
Graham Number236.904 (-38.94%)
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 | 2.79 |
F-Score7
WACC7.87%
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 5Y12.24%
Revenue 1Y (TTM)4.69%
Revenue growth 3Y-2.03%
Revenue growth 5Y4.9%
Sales Q2Q%8.3%
Revenue Next Year6.99%
Revenue Next 2Y5.97%
Revenue Next 3Y5.55%
Revenue Next 5Y4.87%
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%.