FEDEX CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 249.3 USD | -1.10% |
|
-3.67% | -1.45% |
| May. 22 | FEDEX : UBS keeps its Buy rating | ZD |
| May. 21 | FedEx Poised for 'Solid' Quarterly Earnings But Faces Headwinds in Fiscal 2025, UBS Says | MT |
Valuation
| Fiscal Period: May | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 40,201 | 34,109 | 83,532 | 58,206 | 54,790 | 62,030 | - | - |
| Enterprise Value (EV) 1 | 55,463 | 51,231 | 97,324 | 71,573 | 68,546 | 77,121 | 76,888 | 77,329 |
| P/E ratio | 76 x | 26.6 x | 16.2 x | 15.7 x | 14.1 x | 15.2 x | 12.3 x | 10.3 x |
| Yield | 1.69% | 1.99% | 0.86% | 1.51% | 2.69% | 2% | 2.15% | 2.26% |
| Capitalization / Revenue | 0.58 x | 0.49 x | 0.99 x | 0.62 x | 0.61 x | 0.71 x | 0.68 x | 0.65 x |
| EV / Revenue | 0.8 x | 0.74 x | 1.16 x | 0.77 x | 0.76 x | 0.88 x | 0.85 x | 0.81 x |
| EV / EBITDA | 6.47 x | 7.6 x | 9.76 x | 6.61 x | 7.18 x | 7.41 x | 6.69 x | 6.22 x |
| EV / FCF | 396 x | -68.4 x | 23.6 x | 23.3 x | 26 x | 22.5 x | 20.5 x | 19.6 x |
| FCF Yield | 0.25% | -1.46% | 4.24% | 4.29% | 3.85% | 4.45% | 4.89% | 5.09% |
| Price to Book | 2.3 x | 1.87 x | 3.49 x | 2.4 x | 2.14 x | 2.33 x | 2.13 x | 1.91 x |
| Nbr of stocks (in thousands) | 260,575 | 261,250 | 265,342 | 259,178 | 251,352 | 246,081 | - | - |
| Reference price 2 | 154.3 | 130.6 | 314.8 | 224.6 | 218.0 | 252.1 | 252.1 | 252.1 |
| Announcement Date | 6/25/19 | 6/30/20 | 6/24/21 | 6/23/22 | 6/20/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: May | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 69,693 | 69,217 | 84,000 | 93,512 | 90,155 | 87,822 | 90,900 | 94,966 |
| EBITDA 1 | 8,573 | 6,737 | 9,976 | 10,835 | 9,549 | 10,407 | 11,497 | 12,441 |
| EBIT 1 | 5,220 | 3,122 | 6,180 | 6,865 | 5,373 | 6,205 | 7,216 | 8,128 |
| Operating Margin | 7.49% | 4.51% | 7.36% | 7.34% | 5.96% | 7.06% | 7.94% | 8.56% |
| Earnings before Tax (EBT) 1 | 655 | 1,669 | 6,674 | 4,896 | 5,363 | 5,644 | 6,620 | 7,072 |
| Net income 1 | 540 | 1,286 | 5,230 | 3,826 | 3,972 | 4,155 | 4,935 | 5,414 |
| Net margin | 0.77% | 1.86% | 6.23% | 4.09% | 4.41% | 4.73% | 5.43% | 5.7% |
| EPS 2 | 2.030 | 4.900 | 19.45 | 14.33 | 15.48 | 16.56 | 20.57 | 24.54 |
| Free Cash Flow 1 | 140 | -749 | 4,125 | 3,069 | 2,641 | 3,429 | 3,759 | 3,935 |
| FCF margin | 0.2% | -1.08% | 4.91% | 3.28% | 2.93% | 3.9% | 4.14% | 4.14% |
| FCF Conversion (EBITDA) | 1.63% | - | 41.35% | 28.32% | 27.66% | 32.95% | 32.69% | 31.63% |
| FCF Conversion (Net income) | 25.93% | - | 78.87% | 80.21% | 66.49% | 82.53% | 76.17% | 72.68% |
| Dividend per Share 2 | 2.600 | 2.600 | 2.700 | 3.400 | 5.860 | 5.048 | 5.421 | 5.701 |
| Announcement Date | 6/25/19 | 6/30/20 | 6/24/21 | 6/23/22 | 6/20/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: May | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23,474 | 23,641 | 24,394 | 23,242 | 22,800 | 22,169 | 21,930 | 21,681 | 22,165 | 21,738 | 22,166 | 22,204 | 22,776 | 22,627 | 22,993 |
| EBITDA 1 | 2,670 | 2,448 | 3,252 | 2,253 | 2,258 | 2,196 | 2,842 | 2,661 | 2,461 | 2,429 | 2,906 | 2,800 | 2,690 | 2,679 | 3,242 |
| EBIT 1 | 1,680 | 1,460 | 2,234 | 1,230 | 1,212 | 1,165 | 1,767 | 1,590 | 1,421 | 1,357 | 1,844 | 1,721 | 1,622 | 1,590 | 2,155 |
| Operating Margin | 7.16% | 6.18% | 9.16% | 5.29% | 5.32% | 5.26% | 8.06% | 7.33% | 6.41% | 6.24% | 8.32% | 7.75% | 7.12% | 7.03% | 9.37% |
| Earnings before Tax (EBT) 1 | 1,380 | 1,375 | 684 | 1,154 | 1,059 | 1,022 | 2,128 | 1,423 | 1,202 | 1,183 | 1,781 | 1,629 | 1,566 | 1,543 | 2,092 |
| Net income 1 | 1,040 | 1,100 | 558 | 875 | 788 | 771 | 1,538 | 1,080 | 900 | 879 | 1,305 | 1,222 | 1,176 | 1,158 | 1,570 |
| Net margin | 4.43% | 4.65% | 2.29% | 3.76% | 3.46% | 3.48% | 7.01% | 4.98% | 4.06% | 4.04% | 5.89% | 5.5% | 5.16% | 5.12% | 6.83% |
| EPS 2 | 3.880 | 4.200 | 2.130 | 3.330 | 3.070 | 3.050 | 6.050 | 4.230 | 3.550 | 3.510 | 5.232 | 5.140 | 4.828 | 4.691 | 6.582 |
| Dividend per Share 2 | 0.7500 | 0.7500 | 1.150 | 1.150 | 1.150 | - | - | 1.260 | - | 1.260 | 1.274 | 1.338 | 1.338 | 1.353 | 1.353 |
| Announcement Date | 12/16/21 | 3/17/22 | 6/23/22 | 9/15/22 | 12/20/22 | 3/16/23 | 6/20/23 | 9/20/23 | 12/19/23 | 3/21/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: May | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 15,262 | 17,122 | 13,792 | 13,367 | 13,756 | 15,091 | 14,859 | 15,299 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.78 x | 2.541 x | 1.383 x | 1.234 x | 1.441 x | 1.45 x | 1.292 x | 1.23 x |
| Free Cash Flow 1 | 140 | -749 | 4,125 | 3,069 | 2,641 | 3,429 | 3,759 | 3,935 |
| ROE (net income / shareholders' equity) | 22.2% | 13.8% | 23% | 22.4% | 15% | 16.5% | 17.9% | 18% |
| ROA (Net income/ Total Assets) | 7.73% | 3.9% | 6.26% | 6.52% | 4.44% | 5% | 5.89% | 6.3% |
| Assets 1 | 6,986 | 32,985 | 83,592 | 58,680 | 89,550 | 83,100 | 83,791 | 85,943 |
| Book Value Per Share 2 | 67.00 | 69.80 | 90.20 | 93.80 | 102.0 | 108.0 | 118.0 | 132.0 |
| Cash Flow per Share 2 | 21.20 | 19.50 | 37.80 | 37.00 | 34.40 | 33.50 | 38.10 | 44.60 |
| Capex 1 | 5,500 | 5,868 | 5,884 | 6,800 | 6,200 | 5,425 | 5,654 | 5,724 |
| Capex / Sales | 7.89% | 8.48% | 7% | 7.27% | 6.88% | 6.18% | 6.22% | 6.03% |
| Announcement Date | 6/25/19 | 6/30/20 | 6/24/21 | 6/23/22 | 6/20/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
30
Last Close Price
252.1
USD
Average target price
310
USD
Spread / Average Target
+23.00%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.92% | 62.03B | |
| -10.42% | 123B | |
| -13.88% | 49.57B | |
| -8.17% | 16.55B | |
| -48.42% | 9.55B | |
| +35.60% | 9.18B | |
| -21.10% | 6.35B | |
| -15.98% | 6.27B | |
| +27.52% | 5.45B | |
| -3.28% | 4.12B |
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