Fedex Corp
Exchange: NYSESector: IndustrialsIndustry: Integrated Freight & Logistics
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $90 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.
Did you know?
Capital expenditures decreased by 22% from FY24 to FY25.
Current Price
$385.95
-2.19%GoodMoat Value
$1082.62
180.5% undervaluedProfile
Valuation (TTM)
Market Cap$90.75B
P/E20.24
EV$113.99B
P/B3.23
Shares Out235.12M
P/Sales0.99
Revenue$91.93B
EV/EBITDA10.89
Fedex Corp (FDX) Stock Analysis
GoodMoat Analysis
FedEx operates a global logistics network with a potential moat built on scale and infrastructure, but its valuation appears unfavourable relative to the provided fair value estimate. The significant gap between the current price and the GoodMoat Target suggests a need for careful investigation.
Read full analysis
FedEx Corp is a global leader in integrated freight and logistics, operating a vast transportation network for time-sensitive deliveries. Applying the GoodMoat framework, its primary competitive advantages (Section 1: Moat) likely stem from scale privilege (massive global infrastructure), high switching costs for enterprise clients, and strategic network effects where more nodes improve service. However, its capital-intensive model and moderate profitability metrics require careful scoring against the 14-point moat checklist. The company shows a respectable ROE of 16.0% and has achieved 13.9% YoY revenue growth, but its profit margin of 4.9% and operating margin of 5.9% are relatively thin for a high-quality business. The Debt/Equity ratio of 1.33 indicates a leveraged balance sheet. The Decision Framework (Section 6) requires a Moat Score of at least 5 to proceed to valuation analysis. The most striking data point is the valuation: at a price of $357.52, it trades at a P/E of 18.7x. The provided GoodMoat Target of $1,082.62 implies a massive margin of safety if that target is accurate, which would place it in the 'Deeply Undervalued' band (>40%). This extreme discrepancy makes the stock worth investigating further to understand the assumptions behind the target and to reconcile it with the company's current financial profile and industry dynamics. Analysis based on data as of 2024-05-15.
Market Cap$90.75B
Current Price$385.95
P/E Ratio20.24
Forward P/E—
PEG Ratio1.14
EPS$16.81
Book Value$119.40
P/B Ratio3.23
FDX Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 50.0% FCF growth (CAGR)
Cash vs Debt
Net Debt: 31.9B
Revenue
69.7B
FY19
69.2B
FY20
84.0B
FY21
93.5B
FY22
90.2B
FY23
87.7B
FY24
87.9B
FY25
Net Income
540M
FY19
1.3B
FY20
5.2B
FY21
3.8B
FY22
4.0B
FY23
4.3B
FY24
4.1B
FY25
FDX 52-Week Range
$205.31
$394.59
50-Day MA: $368.70200-Day MA: $285.10
Did you know?
Net income compounded at 40.1% annually over 6 years.
Fedex Corp (FDX) Financial Summary
Fedex Corp (FDX) is a Industrials company in the Integrated Freight & Logistics industry, listed on NYSE. The stock currently trades at $385.95 with a market capitalization of $90.75B.
Key valuation metrics include a P/E ratio of 20.24, price-to-book ratio of 3.23, and EPS of $16.81. The company reports a profit margin of 4.9% and return on equity of 16.0%.
FDX Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $90.75B |
| P/E Ratio | 20.24 |
| EPS | $16.81 |
| P/B Ratio | 3.23 |
| P/S Ratio | 0.99 |
| EV/EBITDA | 10.89 |
| Dividend Yield | 1.48% |
| Profit Margin | 4.9% |
| Return on Equity | 16.0% |
| Debt/Equity | 1.33 |
FDX Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $69.69B | $540.00M |
| FY20 | $69.22B | $1.29B |
| FY21 | $83.96B | $5.23B |
| FY22 | $93.51B | $3.83B |
| FY23 | $90.16B | $3.97B |
| FY24 | $87.69B | $4.33B |
| FY25 | $87.93B | $4.09B |
Fedex Corp (FDX) Valuation
Based on GoodMoat's DCF model, Fedex Corp has a fair value estimate of $1082.62. At the current price of $385.95, the stock appears 64.4% undervalued relative to our intrinsic value estimate.
FDX Quality Indicators
Fedex Corp maintains a profit margin of 4.9% and an operating margin of 5.9%. Return on equity stands at 16.0%. The current ratio is 1.19. Debt-to-equity ratio is 1.33.
About Fedex Corp
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $90 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.
FDX Free Cash Flow
Fedex Corp generated $2.98B in trailing twelve-month free cash flow, representing an FCF yield of 3.29%. This moderate FCF yield indicates reasonable cash generation.
FDX Shares Outstanding
Fedex Corp has 0.24 billion shares outstanding at a share price of $385.95, giving it a market capitalization of $90.75B.
FDX Recent Insider Trades
Recent insider transactions at Fedex Corp include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| SCHWAB SUSAN C | SELL | 5,795 | $2.14M |
| Brightman Tracy B (EVP - Chief People Officer) | SELL | 9,084 | $3.30M |
| Preet Kawal (EVP - Plng, Eng, & Transfmtn) | SELL | 4,900 | $1.80M |