FEDEX CORP (FDX) Fundamental Analysis & Valuation

NYSE:FDX • US31428X1063

Current stock price

388.59 USD
-1.62 (-0.42%)
At close:
352.35 USD
-36.24 (-9.33%)
After Hours:

This FDX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. FDX Profitability Analysis

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.
  • FDX had a positive operating cash flow in each of the past 5 years.
FDX Yearly Net Income VS EBIT VS OCF VS FCFFDX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B 6B 8B 10B

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's Return On Equity of 15.02% is amongst the best of 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.
  • Measured over the past 3 years, the Average Return On Invested Capital for FDX is below the industry average of 9.41%.
  • The 3 year average ROIC (6.03%) for FDX is below the current ROIC(6.27%), indicating increased profibility in the last year.
Industry RankSector 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%
FDX Yearly ROA, ROE, ROICFDX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 4.87%, FDX belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
  • In the last couple of years the Profit Margin of FDX has grown nicely.
  • The Operating Margin of FDX (7.07%) is better than 86.96% of its industry peers.
  • FDX's Operating Margin has improved in the last couple of years.
  • FDX's Gross Margin of 71.39% is amongst the best of the industry. FDX outperforms 95.65% of its industry peers.
  • FDX's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
FDX Yearly Profit, Operating, Gross MarginsFDX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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4

2. FDX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FDX is destroying value.
  • FDX has less shares outstanding than it did 1 year ago.
  • FDX has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for FDX is higher compared to a year ago.
FDX Yearly Shares OutstandingFDX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
FDX Yearly Total Debt VS Total AssetsFDX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

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.
  • FDX has a Altman-Z score of 2.79. This is comparable to the rest of the industry: FDX outperforms 52.17% of its industry peers.
  • 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.
  • 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 RankSector Rank
Debt/Equity 0.77
Debt/FCF 5.78
Altman-Z 2.79
ROIC/WACC0.79
WACC7.91%
FDX Yearly LT Debt VS Equity VS FCFFDX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B 20B 25B

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.
  • The Current ratio of FDX (1.47) is comparable to the rest of the industry.
  • A Quick Ratio of 1.44 indicates that FDX should not have too much problems paying its short term obligations.
  • FDX has a Quick ratio of 1.44. This is in the lower half of the industry: FDX underperforms 60.87% of its industry peers.
Industry RankSector Rank
Current Ratio 1.47
Quick Ratio 1.44
FDX Yearly Current Assets VS Current LiabilitesFDX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. FDX Growth Analysis

3.1 Past

  • FDX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.66%, which is quite good.
  • 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%.
  • 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

  • The Earnings Per Share is expected to grow by 12.24% on average over the next years. This is quite good.
  • 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.
FDX Yearly Revenue VS EstimatesFDX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 20B 40B 60B 80B 100B
FDX Yearly EPS VS EstimatesFDX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 10 20 30 40

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6

4. FDX Valuation Analysis

4.1 Price/Earnings Ratio

  • FDX is valuated rather expensively with a Price/Earnings ratio of 19.46.
  • Based on the Price/Earnings ratio, FDX is valued a bit cheaper than 73.91% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of FDX to the average of the S&P500 Index (26.54), we can say FDX is valued slightly cheaper.
  • FDX is valuated rather expensively with a Price/Forward Earnings ratio of 17.14.
  • Based on the Price/Forward Earnings ratio, FDX is valued cheaper than 86.96% of the companies in the same industry.
  • FDX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.68, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 19.46
Fwd PE 17.14
FDX Price Earnings VS Forward Price EarningsFDX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FDX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. FDX is 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 RankSector Rank
P/FCF 21.21
EV/EBITDA 10.19
FDX Per share dataFDX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • 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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. FDX Dividend Analysis

5.1 Amount

  • FDX has a Yearly Dividend Yield of 1.48%. Purely for dividend investing, there may be better candidates out there.
  • FDX's Dividend Yield is rather good when compared to the industry average which is at 1.13. 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 RankSector 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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)16.41%
Div Incr Years5
Div Non Decr Years23
FDX Yearly Dividends per shareFDX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 30.35% of the earnings are spent on dividend by FDX. This is a low number and 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 Yearly Income VS Free CF VS DividendFDX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B
FDX Dividend Payout.FDX Dividend Payout, showing the Payout Ratio.FDX Dividend Payout.PayoutRetained Earnings

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FDX Fundamentals: All Metrics, Ratios and Statistics

FEDEX CORP

NYSE:FDX (4/29/2026, 8:12:24 PM)

After market: 352.35 -36.24 (-9.33%)

388.59

-1.62 (-0.42%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Industry Strength60.87
Industry Growth16.77
Earnings (Last)03-19
Earnings (Next)06-23
Inst Owners80.05%
Inst Owner Change0.48%
Ins Owners0.26%
Ins Owner Change0.06%
Market Cap92.72B
Revenue(TTM)91.93B
Net Income(TTM)4.48B
Analysts75.88
Price Target410.91 (5.74%)
Short Float %1.48%
Short Ratio1.84
Dividend
Industry RankSector 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
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 RankSector Rank
PE 19.46
Fwd PE 17.14
P/S 1.01
P/FCF 21.21
P/OCF 11.34
P/B 3.11
P/tB 4.02
EV/EBITDA 10.19
EPS(TTM)19.97
EY5.14%
EPS(NY)22.68
Fwd EY5.84%
FCF(TTM)18.32
FCFY4.71%
OCF(TTM)34.28
OCFY8.82%
SpS385.29
BVpS124.91
TBVpS96.58
PEG (NY)2.24
PEG (5Y)1.4
Graham Number236.904 (-39.03%)
Profitability
Industry RankSector 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 RankSector 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
WACC7.91%
ROIC/WACC0.79
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%.