FedEx Financials

FDX Stock  USD 278.66  6.82  2.51%   
Based on the key measurements obtained from FedEx's financial statements, FedEx is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. At this time, FedEx's Cash And Short Term Investments are fairly stable compared to the past year. Net Receivables is likely to rise to about 10.6 B in 2024, whereas Non Currrent Assets Other are likely to drop slightly above 1.2 B in 2024. Key indicators impacting FedEx's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.02620.0494
Way Down
Very volatile
Return On Assets0.03430.0498
Way Down
Pretty Stable
Return On Equity0.0880.157
Way Down
Pretty Stable
Debt Equity Ratio0.690.8068
Fairly Down
Slightly volatile
Operating Income3.1 B5.6 B
Way Down
Slightly volatile
Current Ratio1.051.3633
Significantly Down
Slightly volatile
The financial analysis of FedEx is a critical element in measuring its lifeblood. Investors should not minimize FedEx's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Cash And Equivalents

5.54 Billion

  
Understanding current and past FedEx Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of FedEx's financial statements are interrelated, with each one affecting the others. For example, an increase in FedEx's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in FedEx's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of FedEx. Check FedEx's Beneish M Score to see the likelihood of FedEx's management manipulating its earnings.

FedEx Stock Summary

FedEx competes with GXO Logistics, JB Hunt, Expeditors International, CH Robinson, and Hub. FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. FedEx Corporation was founded in 1971 and is based in Memphis, Tennessee. Fedex Corp operates under Integrated Freight Logistics classification in the United States and is traded on New York Stock Exchange. It employs 345000 people.
Foreign Associates
Specialization
Industrials, Integrated Freight & Logistics
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS31428X1063
CUSIP31428X106 31304N107 313309106
LocationTennessee; U.S.A
Business Address942 South Shady
SectorAir Freight & Logistics
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.fedex.com
Phone901 818 7500
CurrencyUSD - US Dollar

FedEx Key Financial Ratios

FedEx Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets73.5B82.8B86.0B87.1B87.0B91.4B
Other Current Liab5.1B4.5B4.7B4.5B4.8B5.1B
Net Debt31.2B29.4B30.3B31.5B31.2B32.8B
Retained Earnings25.2B29.8B32.8B35.3B38.6B40.6B
Cash4.9B7.1B6.9B6.8B6.5B6.8B
Net Receivables10.1B12.1B11.9B10.2B10.1B10.6B
Inventory572M587M637M604M614M370.4M
Other Current Assets828M837M968M962M1.0B573.8M
Total Liab55.2B58.6B61.1B61.0B59.4B62.4B
Total Current Assets16.4B20.6B20.4B18.6B18.2B19.1B
Short Term Debt2.0B4.7B5B4.9B5.0B5.2B
Intangible Assets322M352M301M234M181M172.0M
Accounts Payable3.3B3.8B4.0B3.8B3.2B2.0B
Good Will6.4B7.0B6.5B6.4B6.4B4.0B
Other Liab10.8B10.8B12.1B11.7B13.4B14.1B
Other Assets2.9B4.1B4.4B3.8B4.4B4.6B
Long Term Debt21.5B20.7B20.2B20.5B20.1B21.1B
Treasury Stock(9.2B)(8.4B)(10.5B)(11.6B)(10.5B)(10.0B)
Net Tangible Assets26.2B17.2B18.4B19.7B22.6B17.3B
Long Term Debt Total22.0B20.7B20.2B20.5B23.5B12.8B
Capital Surpluse3.4B3.5B3.7B3.8B4.3B3.3B

FedEx Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
201920202021202220232024 (projected)
Interest Expense588M672M793M689M401M745M
Total Revenue69.7B69.2B84.0B93.5B90.2B87.7B
Gross Profit14.8B13.3B18.0B20.2B19.2B19.0B
Operating Income4.5B3.3B5.9B6.2B4.9B5.6B
Ebit5.1B3.3B8.0B5.8B6.4B6.6B
Ebitda6.9B11.7B9.8B10.6B10.9B11.4B
Cost Of Revenue54.9B55.9B66.0B73.3B71.0B68.7B
Income Before Tax655M1.7B6.7B4.9B5.4B5.8B
Net Income540M1.3B5.2B3.8B4.0B4.3B
Income Tax Expense115M383M1.4B1.1B1.4B1.5B
Tax Provision383M1.4B1.1B1.4B1.5B964.4M
Net Interest Income(617M)(741M)(636M)(496M)(375M)(393.8M)
Interest Income55M741M53M496M370M265.2M

FedEx Key Cash Accounts

Cash flow analysis captures how much money flows into and out of FedEx. It measures of how well FedEx is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money FedEx brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money FedEx had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what FedEx has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory40M873M1.3B1.4B46M55.0M
Change In Cash(946M)2.6B2.2B(190M)(74M)(355M)
Free Cash Flow(771M)4.3B3.1B2.6B3.1B3.3B
Depreciation3.4B3.6B3.8B4.0B4.2B4.3B
Other Non Cash Items3.1B(104M)2.0B3.8B3.0B3.1B
Dividends Paid683M679M686M793M1.2B1.3B
Capital Expenditures5.5B5.9B5.9B6.8B6.2B5.2B
Net Income540M1.3B5.2B3.8B4.0B4.3B
End Period Cash Flow2.3B4.9B7.1B6.9B6.8B6.5B
Change Receivables(1.3B)(1.4B)(310M)782M899.3M944.3M
Net Borrowings1.0B4.0B(2.1B)(161M)(152M)916.9M
Change To Netincome228M1.0B3.0B5.2B995M1.3B
Investments(5.5B)(5.8B)(6.0B)(147M)(6.2B)(5.2B)

FedEx Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining FedEx's current stock value. Our valuation model uses many indicators to compare FedEx value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across FedEx competition to find correlations between indicators driving FedEx's intrinsic value. More Info.
FedEx is rated # 4 in return on equity category among its peers. It is rated # 5 in return on asset category among its peers reporting about  0.31  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for FedEx is roughly  3.19 . At this time, FedEx's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the FedEx's earnings, one of the primary drivers of an investment's value.

FedEx Systematic Risk

FedEx's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. FedEx volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on FedEx correlated with the market. If Beta is less than 0 FedEx generally moves in the opposite direction as compared to the market. If FedEx Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one FedEx is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of FedEx is generally in the same direction as the market. If Beta > 1 FedEx moves generally in the same direction as, but more than the movement of the benchmark.

FedEx Thematic Clasifications

FedEx is part of Transportation investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
TransportationView
This theme covers USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in FedEx Stock are looking for potential investment opportunities by analyzing not only static indicators but also various FedEx's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of FedEx growth as a starting point in their analysis.

Price Earnings To Growth Ratio

2.29

At this time, FedEx's Price Earnings To Growth Ratio is fairly stable compared to the past year.

FedEx December 26, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of FedEx help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of FedEx. We use our internally-developed statistical techniques to arrive at the intrinsic value of FedEx based on widely used predictive technical indicators. In general, we focus on analyzing FedEx Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build FedEx's daily price indicators and compare them against related drivers.

Additional Tools for FedEx Stock Analysis

When running FedEx's price analysis, check to measure FedEx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FedEx is operating at the current time. Most of FedEx's value examination focuses on studying past and present price action to predict the probability of FedEx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FedEx's price. Additionally, you may evaluate how the addition of FedEx to your portfolios can decrease your overall portfolio volatility.