OLD DOMINION FREIGHT LINE (ODFL) Stock Fundamental Analysis
NASDAQ:ODFL - Nasdaq - US6795801009 - Common Stock
Taking everything into account, ODFL scores 6 out of 10 in our fundamental rating. ODFL was compared to 38 industry peers in the Ground Transportation industry. ODFL has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. ODFL is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ODFL was profitable.
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
ODFL has a Return On Assets of 22.96%. This is amongst the best in the industry. ODFL outperforms 97.37% of its industry peers.
ODFL's Return On Equity of 29.83% is amongst the best of the industry. ODFL outperforms 94.74% of its industry peers.
Looking at the Return On Invested Capital, with a value of 25.11%, ODFL belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ODFL is significantly above the industry average of 7.67%.
| 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
ODFL's Profit Margin of 21.03% is amongst the best of the industry. ODFL outperforms 84.21% of its industry peers.
ODFL's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 27.53%, ODFL belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
ODFL's Operating Margin has improved in the last couple of years.
ODFL's Gross Margin of 88.70% is amongst the best of the industry. ODFL outperforms 100.00% of its industry peers.
ODFL's Gross Margin has been stable in the last couple of years.
| 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
ODFL has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for ODFL has been reduced compared to 1 year ago.
Compared to 5 years ago, ODFL has less shares outstanding
Compared to 1 year ago, ODFL has an improved debt to assets ratio.
2.2 Solvency
ODFL has an Altman-Z score of 22.66. This indicates that ODFL is financially healthy and has little risk of bankruptcy at the moment.
ODFL has a better Altman-Z score (22.66) than 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.
ODFL's Debt to FCF ratio of 0.06 is amongst the best of the industry. ODFL outperforms 100.00% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that ODFL is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, ODFL belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.06 | ||
| Altman-Z | 22.66 |
ROIC/WACC2.72
WACC9.24%
2.3 Liquidity
ODFL has a Current 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 Current ratio value of 1.33, ODFL is doing good in the industry, outperforming 63.16% of the companies in the same industry.
A Quick Ratio of 1.33 indicates that ODFL should not have too much problems paying its short term obligations.
ODFL has a Quick ratio of 1.33. This is in the better half of the industry: ODFL outperforms 68.42% of its industry peers.
| 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.
ODFL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.98% yearly.
Looking at the last year, ODFL shows a small growth in Revenue. The Revenue has grown by 1.06% in the last year.
The Revenue has been growing slightly by 7.72% on average over the past years.
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
Based on estimates for the next years, ODFL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.22% on average per year.
ODFL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.65% yearly.
EPS Next Y-1.49%
EPS Next 2Y3.07%
EPS Next 3Y7.71%
EPS Next 5Y10.22%
Revenue Next Year-0.7%
Revenue Next 2Y2.07%
Revenue Next 3Y4.6%
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
ODFL is valuated quite expensively with a Price/Earnings ratio of 33.29.
ODFL's Price/Earnings is on the same level as the industry average.
ODFL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 31.84 indicates a quite expensive valuation of ODFL.
Based on the Price/Forward Earnings ratio, ODFL is valued a bit more expensive than the industry average as 65.79% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of ODFL to the average of the S&P500 Index (24.44), we can say ODFL is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.29 | ||
| Fwd PE | 31.84 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ODFL is valued a bit more expensive than the industry average as 68.42% of the companies are valued more cheaply.
ODFL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ODFL is cheaper than 65.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.13 | ||
| EV/EBITDA | 20.62 |
4.3 Compensation for Growth
The excellent profitability rating of ODFL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.85
EPS Next 2Y3.07%
EPS Next 3Y7.71%
5. Dividend
5.1 Amount
With a yearly dividend of 0.55%, ODFL is not a good candidate for dividend investing.
ODFL's Dividend Yield is comparable with the industry average which is at 1.27.
With a Dividend Yield of 0.55, ODFL pays less dividend than the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
5.2 History
The dividend of ODFL is nicely growing with an annual growth rate of 35.73%!
ODFL has been paying a dividend for over 5 years, so it has already some track record.
As ODFL did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
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.
The dividend of ODFL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP17%
EPS Next 2Y3.07%
EPS Next 3Y7.71%
OLD DOMINION FREIGHT LINE
NASDAQ:ODFL (1/21/2025, 8:18:20 PM)
After market: 190.43 0 (0%)190.43
+0.88 (+0.46%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners80.16%
Inst Owner Change-0.41%
Ins Owners10.03%
Ins Owner Change-6.35%
Market Cap40.66B
Analysts67.33
Price Target209.36 (9.94%)
Short Float %4.64%
Short Ratio6.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.55% |
Yearly Dividend0.8
Dividend Growth(5Y)35.73%
DP17%
Div Incr Years7
Div Non Decr Years7
Ex-DateN/A
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)3.82%
PT rev (3m)3.86%
EPS NQ rev (1m)-0.67%
EPS NQ rev (3m)-29.29%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-4.53%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)-14.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.35%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.29 | ||
| Fwd PE | 31.84 | ||
| P/S | 6.86 | ||
| P/FCF | 41.13 | ||
| P/OCF | 23.99 | ||
| P/B | 9.74 | ||
| P/tB | 9.74 | ||
| EV/EBITDA | 20.62 |
EPS(TTM)5.72
EY3%
EPS(NY)5.98
Fwd EY3.14%
FCF(TTM)4.63
FCFY2.43%
OCF(TTM)7.94
OCFY4.17%
SpS27.75
BVpS19.56
TBVpS19.56
PEG (NY)N/A
PEG (5Y)1.85
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 | 22.66 |
F-Score6
WACC9.24%
ROIC/WACC2.72
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-1.49%
EPS Next 2Y3.07%
EPS Next 3Y7.71%
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 2Y2.07%
Revenue Next 3Y4.6%
Revenue Next 5Y6.65%
EBIT growth 1Y-1.15%
EBIT growth 3Y21.85%
EBIT growth 5Y14.96%
EBIT Next Year15.5%
EBIT Next 3Y12.4%
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%