Morningstar

FedEx Corp FDX

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Stock XNYS Rating as of
$266.93 −2.63 (0.98%)
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As of Delayed Price Closed

Company Report

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Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks

Matthew Young

As anticipated, the International Longshoremen’s Association has implemented a work stoppage across US East Coast and Gulf Coast ports. As we understand it, the dockworkers union initially wanted a more than 70% increase in wages over a six-year period in order to return to the negotiating table. Before the strike, it sounded to us as if the Biden administration was signaling hesitancy to intervene via the Taft-Hartley Act. Thus, the potential duration of the strike remains uncertain.

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Price vs Fair Value

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FDX is trading at a 863% premium.
Price
$266.93
Fair Value
$229.00
Uncertainty
High
1-Star Price
$325.48
5-Star Price
$375.50
Economic Moat
Wzhlt
Capital Allocation
Zwnbttl

Bulls Say, Bears Say

Bulls

Despite near-term volume pressure from muted retailer restocking and soft industrial end markets, FedEx's US ground and international express delivery operations should enjoy positive longer-term tailwinds from e-commerce growth.

Bears

Retail sector inventory destocking could persist for an extended period, tempering recovery in ground and express package volume growth.

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Trading Information

Previous Close Price
$269.56
Day Range
$266.36–269.52
52-Week Range
$224.69–313.84
Bid/Ask
$266.93 / $267.49
Market Cap
$65.22 Bil
Volume/Avg
1.4 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
15.83
Price/Sales
0.76
Dividend Yield (Trailing)
1.98%
Dividend Yield (Forward)
2.07%
Total Yield
5.45%

Company Profile

FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
Sector
Industrials
Industry
Integrated Freight & Logistics
Stock Style Box
Large Value
Total Number of Employees
823,600
Website
https://www.fedex.com

Competitors

Valuation

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Metric
FDX
DHL
ODFL
Price/Earnings (Normalized)
 15.8314.2233.16
Price/Book Value
 2.402.0510.11
Price/Sales
 0.760.577.09
Price/Cash Flow
 5.755.9625.16
Price/Earnings
FDX
DHL
ODFL

Financial Strength

Metric
FDX
DHL
ODFL
Quick Ratio
 1.150.721.28
Current Ratio
 1.280.901.46
Interest Coverage
 15.866.024,870.03
Quick Ratio
FDX
DHL
ODFL

Profitability

Metric
FDX
DHL
ODFL
Return on Assets (Normalized)
 4.84%4.51%23.62%
Return on Equity (Normalized)
 15.67%13.29%30.61%
Return on Invested Capital (Normalized)
 6.92%7.69%29.69%
Return on Assets
FDX
DHL
ODFL

Integrated Freight & Logistics Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
United Parcel Service Inc Class B
UPS
TthwplksKjlzb$113.9 Bil
 DHL Group
DPSTF
—Pckkgtq$50.0 Bil
 DHL Group ADR
DHLGY
TbklvdwqXbpfbx$50.0 Bil
 ZTO Express (Cayman) Inc ADR
ZTO
ZwmqymjnJcwyl$21.9 Bil
 Expeditors International of Washington Inc
EXPD
HscgqlnmGgws$17.7 Bil
 JB Hunt Transport Services Inc
JBHT
RmlgbpngCyxqjd$17.1 Bil
 C.H. Robinson Worldwide Inc
CHRW
ZjhwtjzhJptwm$12.7 Bil
 Landstar System Inc
LSTR
KssgpvpyXxj$6.5 Bil
 Hub Group Inc Class A
HUBG
JtjfxxbbMxflf$2.7 Bil

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