OLD DOMINION FREIGHT LINE (ODFL)
US6795801009 - Common Stock
ODFL gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 38 industry peers in the Ground Transportation industry. ODFL scores excellent points on both the profitability and health parts. This is a solid base for a good stock. While showing a medium growth rate, ODFL is valued expensive at the moment. These ratings would make ODFL suitable for quality investing!
1. Profitability
1.1 Basic Checks
ODFL had positive earnings in the past year.
In the past year ODFL had a positive cash flow from operations.
ODFL had positive earnings in each of the past 5 years.
ODFL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ODFL (23.89%) is better than 97.37% of its industry peers.
The Return On Equity of ODFL (31.04%) is better than 94.74% of its industry peers.
The Return On Invested Capital of ODFL (26.21%) is better than 97.37% of its industry peers.
ODFL had an Average Return On Invested Capital over the past 3 years of 26.92%. This is significantly above the industry average of 11.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.89% | ||
| ROE | 31.04% | ||
| ROIC | 26.21% |
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 21.38%, ODFL belongs to the best of the industry, outperforming 84.21% of the companies in the same industry.
ODFL's Profit Margin has improved in the last couple of years.
ODFL has a better Operating Margin (28.04%) than 84.21% of its industry peers.
ODFL's Operating Margin has improved in the last couple of years.
ODFL has a better Gross Margin (88.37%) 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 | 28.04% | ||
| PM (TTM) | 21.38% | ||
| GM | 88.37% |
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.
ODFL has less shares outstanding than it did 1 year ago.
The number of shares outstanding for ODFL has been reduced compared to 5 years ago.
The debt/assets ratio for ODFL has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 25.95 indicates that ODFL is not in any danger for bankruptcy at the moment.
ODFL has a better Altman-Z score (25.95) than 100.00% of its industry peers.
ODFL has a debt to FCF ratio of 0.06. This is a very positive value and a sign of high solvency as it would only need 0.06 years to pay back of all of its debts.
The Debt to FCF ratio of ODFL (0.06) is better than 100.00% of its industry peers.
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 92.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.06 | ||
| Altman-Z | 25.95 |
ROIC/WACC2.9
WACC9.04%
2.3 Liquidity
ODFL has a Current Ratio of 1.46. This is a normal value and indicates that ODFL is financially healthy and should not expect problems in meeting its short term obligations.
ODFL has a Current ratio of 1.46. This is amongst the best in the industry. ODFL outperforms 81.58% of its industry peers.
ODFL has a Quick Ratio of 1.46. This is a normal value and indicates that ODFL is financially healthy and should not expect problems in meeting its short term obligations.
ODFL has a Quick ratio of 1.46. This is amongst the best in the industry. ODFL outperforms 84.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.46 |
3. Growth
3.1 Past
ODFL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.78%.
The Earnings Per Share has been growing by 17.98% on average over the past years. This is quite good.
ODFL shows a small growth in Revenue. In the last year, the Revenue has grown by 1.06%.
Measured over the past years, ODFL shows a small growth in Revenue. The Revenue has been growing by 7.72% on average per year.
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 13.21% on average per year.
The Revenue is expected to grow by 8.62% on average over the next years. This is quite good.
EPS Next Y-1.39%
EPS Next 2Y3.43%
EPS Next 3Y7.77%
EPS Next 5Y13.21%
Revenue Next Year-0.5%
Revenue Next 2Y2.19%
Revenue Next 3Y4.63%
Revenue Next 5Y8.62%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.18, ODFL can be considered very expensive at the moment.
ODFL's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.96. ODFL is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 36.26, the valuation of ODFL can be described as expensive.
ODFL's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ODFL is more expensive than 65.79% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, ODFL is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.18 | ||
| Fwd PE | 36.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ODFL is valued a bit more expensive than 68.42% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ODFL is valued a bit cheaper than 71.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.74 | ||
| EV/EBITDA | 23.14 |
4.3 Compensation for Growth
The excellent profitability rating of ODFL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.12
EPS Next 2Y3.43%
EPS Next 3Y7.77%
5. Dividend
5.1 Amount
With a yearly dividend of 0.47%, ODFL is not a good candidate for dividend investing.
ODFL's Dividend Yield is comparable with the industry average which is at 1.64.
Compared to an average S&P500 Dividend Yield of 2.23, ODFL's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.47% |
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.
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 Years6
Div Non Decr Years6
5.3 Sustainability
ODFL pays out 15.66% of its income as dividend. This is a sustainable payout ratio.
The dividend of ODFL is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP15.66%
EPS Next 2Y3.43%
EPS Next 3Y7.77%
OLD DOMINION FREIGHT LINE
NASDAQ:ODFL (11/22/2024, 11:26:58 AM)
218.39
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap46.63B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.47% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.18 | ||
| Fwd PE | 36.26 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)2.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 23.89% | ||
| ROE | 31.04% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 28.04% | ||
| PM (TTM) | 21.38% | ||
| GM | 88.37% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.46 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)1.78%
EPS 3Y25.18%
EPS 5Y
EPS Q2Q%
EPS Next Y-1.39%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.06%
Revenue growth 3Y13.47%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y