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.

8

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.
  • 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.
  • Looking at the Return On Equity, with a value of 15.02%, FDX belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 6.27%, FDX is doing good in the industry, outperforming 73.91% of the companies in the same industry.
  • 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 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

  • The Profit Margin of FDX (4.87%) is better than 86.96% of its industry peers.
  • FDX's Profit Margin has improved in the last couple of years.
  • FDX has a better Operating Margin (7.07%) than 86.96% of its industry peers.
  • In the last couple of years the Operating Margin of FDX has grown nicely.
  • Looking at the Gross Margin, with a value of 71.39%, FDX belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FDX has remained more or less at the same level.
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.
  • Compared to 1 year ago, FDX has less shares outstanding
  • 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

  • An Altman-Z score of 2.80 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 2.80. 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.
  • 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.
  • A Debt/Equity ratio of 0.77 indicates that FDX is somewhat dependend on debt financing.
  • FDX's Debt to Equity ratio of 0.77 is on the low side compared to the rest of the industry. FDX is outperformed by 69.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.77
Debt/FCF 5.78
Altman-Z 2.8
ROIC/WACC0.79
WACC7.9%
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

  • A Current Ratio of 1.47 indicates that FDX should not have too much problems paying its short term obligations.
  • FDX's Current ratio of 1.47 is in line compared to the rest of the industry. FDX outperforms 47.83% of 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.
  • FDX has a worse Quick ratio (1.44) than 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

  • 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%.
  • 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)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 11.88% on average over the next years. This is quite good.
  • FDX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.47% yearly.
EPS Next Y8.69%
EPS Next 2Y11.53%
EPS Next 3Y12.94%
EPS Next 5Y11.88%
Revenue Next Year6.99%
Revenue Next 2Y5.97%
Revenue Next 3Y5.55%
Revenue Next 5Y4.47%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • 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.
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 19.43.
  • 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 27.42, FDX is valued a bit cheaper.
  • FDX is valuated rather expensively with a Price/Forward Earnings ratio of 17.11.
  • FDX's Price/Forward Earnings ratio is rather cheap when compared to the industry. FDX is cheaper than 86.96% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.24, FDX is valued a bit cheaper.
Industry RankSector Rank
PE 19.43
Fwd PE 17.11
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

  • 78.26% of the companies in the same industry are more expensive than FDX, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, FDX is valued cheaper than 91.30% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.18
EV/EBITDA 10.24
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 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%

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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 1.52%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.14, 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 RankSector Rank
Dividend Yield 1.52%

5.2 History

  • On average, the dividend of FDX grows each year by 16.41%, which is quite nice.
  • 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
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.
  • 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 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 (4/24/2026, 8:04:00 PM)

After market: 387.99 0.01 (0%)

387.98

-4.71 (-1.2%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryAir Freight & Logistics
Earnings (Last)03-19
Earnings (Next)06-23
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 RankSector Rank
Dividend Yield 1.52%
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)0.89%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)5.34%
EPS NY rev (3m)6.43%
Revenue NQ rev (1m)1.38%
Revenue NQ rev (3m)1.46%
Revenue NY rev (1m)0.77%
Revenue NY rev (3m)1.03%
Valuation
Industry RankSector 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 10.24
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 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 2.8
F-Score7
WACC7.9%
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 5Y11.88%
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 5Y4.47%
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%.