OLD DOMINION FREIGHT LINE (ODFL)
US6795801009 - Common Stock
We assign a fundamental rating of 6 out of 10 to ODFL. ODFL was compared to 37 industry peers in the Ground Transportation industry. ODFL gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, ODFL is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
ODFL had positive earnings in the past year.
ODFL had a positive operating cash flow in the past year.
In the past 5 years ODFL has always been profitable.
In the past 5 years ODFL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 22.96%, ODFL belongs to the top of the industry, outperforming 97.30% of the companies in the same industry.
With an excellent Return On Equity value of 29.83%, ODFL belongs to the best of the industry, outperforming 94.59% of the companies in the same industry.
ODFL has a Return On Invested Capital of 25.11%. This is amongst the best in the industry. ODFL outperforms 97.30% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ODFL is significantly above the industry average of 11.94%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.96% | ||
| ROE | 29.83% | ||
| ROIC | 25.11% |
ROA(3y)24.13%
ROA(5y)20.64%
ROE(3y)31.64%
ROE(5y)27.02%
ROIC(3y)26.92%
ROIC(5y)22.94%
1.3 Margins
With an excellent Profit Margin value of 21.03%, ODFL belongs to the best of the industry, outperforming 83.78% of the companies in the same industry.
ODFL's Profit Margin has improved in the last couple of years.
ODFL's Operating Margin of 27.53% is amongst the best of the industry. ODFL outperforms 83.78% of its industry peers.
ODFL's Operating Margin has improved in the last couple of years.
The Gross Margin of ODFL (88.70%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of ODFL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.53% | ||
| PM (TTM) | 21.03% | ||
| GM | 88.7% |
OM growth 3Y7.38%
OM growth 5Y6.72%
PM growth 3Y8.04%
PM growth 5Y7.12%
GM growth 3Y-1.09%
GM growth 5Y-0.02%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ODFL is creating value.
The number of shares outstanding for ODFL has been reduced compared to 1 year ago.
The number of shares outstanding for ODFL has been reduced compared to 5 years ago.
Compared to 1 year ago, ODFL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 21.73 indicates that ODFL is not in any danger for bankruptcy at the moment.
ODFL's Altman-Z score of 21.73 is amongst the best of the industry. ODFL outperforms 100.00% of its industry peers.
The Debt to FCF ratio of ODFL is 0.06, which is an excellent value as it means it would take ODFL, only 0.06 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.06, ODFL belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
ODFL has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.01, ODFL belongs to the top of the industry, outperforming 89.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.06 | ||
| Altman-Z | 21.73 |
ROIC/WACC2.74
WACC9.15%
2.3 Liquidity
A Current Ratio of 1.33 indicates that ODFL should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.33, ODFL is doing good in the industry, outperforming 64.86% of the companies in the same industry.
ODFL has a Quick Ratio of 1.33. This is a normal value and indicates that ODFL is financially healthy and should not expect problems in meeting its short term obligations.
With a decent Quick ratio value of 1.33, ODFL is doing good in the industry, outperforming 70.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.78% over the past year.
The Earnings Per Share has been growing by 17.98% on average over the past years. This is quite good.
The Revenue has been growing slightly by 1.06% in the past year.
ODFL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.72% yearly.
EPS 1Y (TTM)1.78%
EPS 3Y25.18%
EPS 5Y17.98%
EPS Q2Q%-7.44%
Revenue 1Y (TTM)1.06%
Revenue growth 3Y13.47%
Revenue growth 5Y7.72%
Sales Q2Q%-2.97%
3.2 Future
The Earnings Per Share is expected to grow by 10.22% on average over the next years. This is quite good.
The Revenue is expected to grow by 6.65% on average over the next years.
EPS Next Y-1.48%
EPS Next 2Y3.2%
EPS Next 3Y7.78%
EPS Next 5Y10.22%
Revenue Next Year-0.7%
Revenue Next 2Y2.14%
Revenue Next 3Y4.62%
Revenue Next 5Y6.65%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 31.71, which means the current valuation is very expensive for ODFL.
ODFL's Price/Earnings ratio is in line with the industry average.
ODFL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 30.25, ODFL can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, ODFL is valued a bit more expensive than 62.16% of the companies in the same industry.
ODFL's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.71 | ||
| Fwd PE | 30.25 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ODFL indicates a slightly more expensive valuation: ODFL is more expensive than 70.27% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, ODFL is valued a bit cheaper than the industry average as 72.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.17 | ||
| EV/EBITDA | 19.63 |
4.3 Compensation for Growth
The excellent profitability rating of ODFL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.76
EPS Next 2Y3.2%
EPS Next 3Y7.78%
5. Dividend
5.1 Amount
With a yearly dividend of 0.55%, ODFL is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.31, ODFL has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, ODFL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
5.2 History
On average, the dividend of ODFL grows each year by 35.73%, which is quite nice.
ODFL has been paying a dividend for over 5 years, so it has already some track record.
ODFL has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)35.73%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
17.00% of the earnings are spent on dividend by ODFL. This is a low number and sustainable payout ratio.
ODFL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP17%
EPS Next 2Y3.2%
EPS Next 3Y7.78%
OLD DOMINION FREIGHT LINE
NASDAQ:ODFL (12/20/2024, 8:00:01 PM)
After market: 181.37 0 (0%)181.37
-6.37 (-3.39%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners80.16%
Inst Owner Change1.12%
Ins Owners10.03%
Ins Owner Change-6.63%
Market Cap38.72B
Analysts67.33
Price Target201.66 (11.19%)
Short Float %4.3%
Short Ratio5.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
Dividend Growth(5Y)35.73%
DP17%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.62%
Min EPS beat(2)-1.09%
Max EPS beat(2)-0.14%
EPS beat(4)1
Avg EPS beat(4)-0.53%
Min EPS beat(4)-2.04%
Max EPS beat(4)1.16%
EPS beat(8)3
Avg EPS beat(8)0.07%
EPS beat(12)7
Avg EPS beat(12)1.8%
EPS beat(16)11
Avg EPS beat(16)2.18%
Revenue beat(2)0
Avg Revenue beat(2)-2.69%
Min Revenue beat(2)-3.4%
Max Revenue beat(2)-1.98%
Revenue beat(4)0
Avg Revenue beat(4)-2.58%
Min Revenue beat(4)-3.4%
Max Revenue beat(4)-1.98%
Revenue beat(8)0
Avg Revenue beat(8)-2.96%
Revenue beat(12)2
Avg Revenue beat(12)-2.11%
Revenue beat(16)6
Avg Revenue beat(16)-1.27%
PT rev (1m)0.76%
PT rev (3m)-0.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-28.81%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)-4.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-14.3%
Revenue NY rev (1m)-0.2%
Revenue NY rev (3m)-2.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.71 | ||
| Fwd PE | 30.25 | ||
| P/S | 6.54 | ||
| P/FCF | 39.17 | ||
| P/OCF | 22.85 | ||
| P/B | 9.27 | ||
| P/tB | 9.27 | ||
| EV/EBITDA | 19.63 |
EPS(TTM)5.72
EY3.15%
EPS(NY)6
Fwd EY3.31%
FCF(TTM)4.63
FCFY2.55%
OCF(TTM)7.94
OCFY4.38%
SpS27.75
BVpS19.56
TBVpS19.56
PEG (NY)N/A
PEG (5Y)1.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.96% | ||
| ROE | 29.83% | ||
| ROCE | 33.48% | ||
| ROIC | 25.11% | ||
| ROICexc | 25.5% | ||
| ROICexgc | 25.5% | ||
| OM | 27.53% | ||
| PM (TTM) | 21.03% | ||
| GM | 88.7% | ||
| FCFM | 16.69% |
ROA(3y)24.13%
ROA(5y)20.64%
ROE(3y)31.64%
ROE(5y)27.02%
ROIC(3y)26.92%
ROIC(5y)22.94%
ROICexc(3y)29.9%
ROICexc(5y)25.92%
ROICexgc(3y)29.9%
ROICexgc(5y)25.94%
ROCE(3y)35.89%
ROCE(5y)30.59%
ROICexcg growth 3Y9.21%
ROICexcg growth 5Y5.7%
ROICexc growth 3Y9.21%
ROICexc growth 5Y5.84%
OM growth 3Y7.38%
OM growth 5Y6.72%
PM growth 3Y8.04%
PM growth 5Y7.12%
GM growth 3Y-1.09%
GM growth 5Y-0.02%
F-Score6
Asset Turnover1.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.06 | ||
| Debt/EBITDA | 0.02 | ||
| Cap/Depr | 207.49% | ||
| Cap/Sales | 11.92% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 85.97% | ||
| Profit Quality | 79.36% | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 21.73 |
F-Score6
WACC9.15%
ROIC/WACC2.74
Cap/Depr(3y)241.95%
Cap/Depr(5y)200.19%
Cap/Sales(3y)11.92%
Cap/Sales(5y)10.61%
Profit Quality(3y)65.36%
Profit Quality(5y)76.66%
High Growth Momentum
Growth
EPS 1Y (TTM)1.78%
EPS 3Y25.18%
EPS 5Y17.98%
EPS Q2Q%-7.44%
EPS Next Y-1.48%
EPS Next 2Y3.2%
EPS Next 3Y7.78%
EPS Next 5Y10.22%
Revenue 1Y (TTM)1.06%
Revenue growth 3Y13.47%
Revenue growth 5Y7.72%
Sales Q2Q%-2.97%
Revenue Next Year-0.7%
Revenue Next 2Y2.14%
Revenue Next 3Y4.62%
Revenue Next 5Y6.65%
EBIT growth 1Y-1.15%
EBIT growth 3Y21.85%
EBIT growth 5Y14.96%
EBIT Next Year15.68%
EBIT Next 3Y12.76%
EBIT Next 5Y12.05%
FCF growth 1Y-1.15%
FCF growth 3Y4.67%
FCF growth 5Y21.09%
OCF growth 1Y1.48%
OCF growth 3Y18.92%
OCF growth 5Y11.76%