FedEx Corp Stock Research

Market Summary

USD219.46+2.40

Market Closed

1.11%

FDX Stock Price

FDX RSI Chart

FDX Valuation

Market Cap

57.1B

Price/Earnings (Trailing)

17.13

Price/Sales (Trailing)

0.61

EV/EBITDA

8.69

Price/Free Cashflow

6.43

FDX Price/Sales (Trailing)

FDX Profitability

EBT Margin

4.54%

Return on Equity

13.82%

Return on Assets

3.89%

Free Cashflow Yield

15.54%

FDX Fundamentals

FDX Revenue

Revenue (TTM)

94.1B

Revenue Y/Y

-2.81%

Revenue Q/Q

-1.84%

FDX Earnings

Earnings (TTM)

3.3B

Earnings Y/Y

-24.52%

Earnings Q/Q

-9.94%

Price Action

52 Week Range

141.92248.76

(Low)(High)

Last 7 days

-6.3%

Last 30 days

-7.7%

Last 90 days

12.8%

Trailing 12 Months

-9.2%

FDX Financial Health

Current Ratio

1.3

Debt/Equity

0.83

Debt/Cashflow

0.44

FDX Investor Care

Dividend Yield

1.91%

Dividend/Share (TTM)

4.2

Buy Backs (1Y)

2.04%

Diluted EPS (TTM)

12.76

Peers (Alternatives to FedEx)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
FDX	57.1B	94.1B	-7.73%	-9.22%	17.13	0.61	5.07%	-32.20%
DAL	24.5B	50.6B	-13.91%	-4.68%	298.7	0.53	69.18%	370.71%
LUV	17.6B	23.8B	-15.23%	-29.32%	18.43	0.74	50.82%	-2.15%
EXPD	16.3B	17.1B	-6.34%	6.88%	11.98	0.95	3.32%	-4.10%
CHRW	11.1B	24.7B	-6.04%	-0.45%	11.82	0.45	6.90%	11.40%
MID-CAP
XPO	3.6B	7.7B	-9.52%	-53.52%	5.36	0.46	7.16%	95.31%
AAWW	2.9B	4.5B	0.24%	21.66%	8.22	0.64	12.86%	-27.86%
FWRD	2.7B	2.0B	1.46%	3.83%	14.09	1.38	18.71%	82.50%
JBLU	2.2B	9.2B	-18.97%	-49.38%	-6.04	0.24	51.67%	-98.90%
SMALL-CAP
SAVE	1.8B	5.1B	-12.90%	-19.64%	-3.3	0.36	56.88%	-17.26%
ATSG	1.5B	2.0B	-17.79%	-34.57%	7.3	0.71	17.94%	-14.19%
RLGT	299.2M	727.6M	-5.60%	-14.85%	7.3	0.22	-19.14%	92.40%
AIRT	64.5M	224.4M	-8.70%	0.43%	-25.63	0.29	30.18%	-139.59%
HUBG	2.7M	5.3B	-14.06%	5.83%	0.01	5e-4	26.18%	108.16%

Financials for FedEx

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.7%	94,091	94,751	93,512	91,683	89,552
Costs and Expenses	-0.3%	88,474	88,713	87,267	85,565	83,755
EBITDA	-3.1%	8,346	8,616	9,555	11,448	-
EBITDA Margin	-2.5%	0.09*	0.09*	0.10*	0.12*	-
Earnings Before Taxes	-7.0%	4,272	4,593	4,896	6,825	6,499
EBT Margin	-6.3%	0.05*	0.05*	0.05*	0.07*	-
Interest Expenses	-	689	-	-	-	-
Net Income	-7.1%	3,333	3,589	3,826	5,136	4,916
Net Income Margin	-6.5%	0.04*	0.04*	0.04*	0.06*	-
Free Cahsflow	-5.1%	8,875	9,355	9,832	9,073	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.3%	85,591	85,826	85,994	84,108	84,247
Current Assets	-7.1%	18,217	19,606	20,365	19,466	20,747
Cash Equivalents	-32.2%	4,646	6,850	6,897	6,065	6,833
Net PPE	2.4%	39,721	38,806	38,091	37,376	37,153
Goodwill	1.0%	6,377	6,316	6,544	6,755	6,702
Current Liabilities	2.0%	14,039	13,765	14,274	13,990	13,884
Long Term Debt	0.8%	20,076	19,918	20,182	20,393	20,386
Shareholder's Equity	-4.1%	24,115	25,140	24,939	24,526	24,940
Retained Earnings	1.5%	33,557	33,060	32,782	32,225	31,307
Additional Paid-In Capital	-7.0%	3,487	3,751	3,712	3,686	3,653
Accumulated Depreciation	2.4%	38,811	37,906	37,184	36,770	35,821
Shares Outstanding	-2.2%	259	265	-	-	-
Float	-	56,400	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-5.1%	8,875	9,355	9,832	9,073	8,987
Share Based Compensation	-1.6%	186	189	190	190	191
Cashflow From Investing	-5.0%	-6,904	-6,575	-6,816	-6,124	-6,310
Cashflow From Financing	-55.8%	-3,950	-2,536	-3,019	-5,719	-4,172
Dividend Payments	11.1%	991	892	793	771	745
Buy Backs	33.5%	3,000	2,248	2,933	1,496	-

Risks for FDX

What is the probability of a big loss on FDX?

89.2%

Probability that FedEx stock will be more than 20% underwater in next one year

56.5%

Probability that FedEx stock will be more than 30% underwater in next one year.

10.8%

Probability that FedEx stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FDX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if FedEx was unfortunately bought at previous high price.

Drawdowns

Returns for FDX

Cumulative Returns on FDX

7.0%

10-Year Cumulative Returns

5.6%

7-Year Cumulative Returns

-3.9%

5-Year Cumulative Returns

23.5%

3-Year Cumulative Returns

What are the long-term rolling returns for FDX?

FIve years rolling returns for FedEx.

Annualized Returns

Which funds bought or sold FDX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-38.18	-1,098,690	2,896,310	0.08%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-10.24	1,973,740	43,880,700	0.05%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	reduced	-16.99	-7,129	214,871	0.03%
2023-03-06	Rockefeller Capital Management L.P.	added	36.88	5,585,000	14,944,000	0.07%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	added	5.94	539,758	2,825,760	1.07%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	0.62	1,834,120	12,379,100	0.77%
2023-03-06	Aldebaran Financial Inc.	reduced	-6.6	25,812	330,812	0.36%
2023-03-03	TIAA, FSB	added	6.11	213,055	1,106,060	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	275,042	275,042	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	reduced	-33.46	-76,216	263,784	0.15%

Latest Funds Activity

Are funds buying FDX calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own FDX

No. of Funds

FedEx News

Schedule 13G FIlings of FedEx

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	dodge & cox	6.9%	17,331,895	SC 13G/A
Feb 09, 2023	primecap management co/ca/	5.52%	13,921,967	SC 13G/A
Feb 09, 2023	vanguard group inc	7.55%	19,050,450	SC 13G/A
Feb 07, 2023	blackrock inc.	6.6%	16,691,254	SC 13G/A
Feb 06, 2023	smith frederick w	8.2%	20,658,394	SC 13G/A
Mar 11, 2022	blackrock inc.	6.2%	16,526,633	SC 13G/A
Feb 14, 2022	dodge & cox	6.3%	16,674,920	SC 13G/A
Feb 10, 2022	primecap management co/ca/	4.98%	13,195,532	SC 13G/A
Feb 08, 2022	blackrock inc.	6.2%	16,526,633	SC 13G
Jan 28, 2022	smith frederick w	7.9%	20,783,462	SC 13G/A

FDX Fair Value

Recent SEC filings of FedEx

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	IRANNOTICE	IRANNOTICE
Mar 16, 2023	8-K	Current Report
Mar 16, 2023	10-Q	Quarterly Report
Mar 06, 2023	8-K	Current Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	SC 13G/A	Major Ownership Report
Feb 06, 2023	SC 13G/A	Major Ownership Report
Jan 13, 2023	4	Insider Trading

Latest Insider Trading transactions for FDX

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-01-12	Smith Richard W	gifted	-	-	180	president/ceo fedex express
2023-01-12	Smith Richard W	gifted	-	-	-180	president/ceo fedex express
2023-01-11	Smith Richard W	gifted	-	-	-360	president/ceo fedex express
2023-01-11	Smith Richard W	gifted	-	-	180	president/ceo fedex express
2023-01-03	LANE AMY B	bought	49,232	175	280	-
2022-09-26	Perpall Frederick	acquired	139,875	146	954	-
2022-09-26	LANE AMY B	acquired	69,937	146	477	-
2022-09-26	SCHWAB SUSAN C	acquired	139,875	146	954	-
2022-09-26	Griffith Susan Patricia	acquired	139,875	146	954	-

About FedEx

Frederick W. Smith

www.fedex.com

65535

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions. Its FedEx Ground segment provides day-certain delivery services to businesses and residences. The company's FedEx Freight segment offers less-than-truckload freight transportation services. As of May 31, 2021, this segment had approximately 29,000 vehicles and 400 service centers. Its FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection, and back-office function services. The company's Corporate, Other and Eliminations segment offers integrated supply chain management solutions, specialty transportation, customs brokerage, and global ocean and air freight forwarding services; and an array of document and business services, and retail access to its customers for its package transportation businesses. The company was founded in 1971 and is based in Memphis, Tennessee.

FDX Income Statement

2023-02-28

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Feb. 28, 2023	Feb. 28, 2022	Feb. 28, 2023	Feb. 28, 2022
Income Statement [Abstract]
REVENUE	$ 22,169	$ 23,641	$ 68,225	$ 69,118
OPERATING EXPENSES:
Salaries and employee benefits	7,817	8,244	23,468	24,155
Purchased transportation	5,402	6,272	16,834	18,172
Rentals and landing fees	1,205	1,225	3,559	3,535
Depreciation and amortization	1,031	986	3,101	2,952
Fuel	1,350	1,201	4,765	3,355
Maintenance and repairs	789	822	2,575	2,530
Business optimization and realignment costs	123	107	197	218
Other	3,410	3,458	10,317	9,880
OPERATING EXPENSES	21,127	22,315	64,816	64,797
OPERATING INCOME	1,042	1,326	3,409	4,321
OTHER (EXPENSE) INCOME:
Interest, net	(122)	(163)	(391)	(478)
Other retirement plans income	102	211	304	380
Other, net		1	(87)	(11)
OTHER (EXPENSE) INCOME	(20)	49	(174)	(109)
INCOME BEFORE INCOME TAXES	1,022	1,375	3,235	4,212
PROVISION FOR INCOME TAXES	251	263	801	944
NET INCOME	$ 771	$ 1,112	$ 2,434	$ 3,268
EARNINGS PER COMMON SHARE:
Basic	$ 3.07	$ 4.26	$ 9.52	$ 12.36
Diluted	3.05	4.20	9.46	12.17
DIVIDENDS DECLARED PER COMMON SHARE	$ 1.15	$ 0.75	$ 4.60	$ 3.00

FDX Balance Sheet

2023-02-28

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Feb. 28, 2023	May 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 5,373	$ 6,897
Receivables, less allowances of $784 and $692	10,721	11,863
Spare parts, supplies, and fuel, less allowances of $275 and $360	631	637
Prepaid expenses and other	1,219	968
Total current assets	17,944	20,365
PROPERTY AND EQUIPMENT, AT COST	79,335	75,275
Less accumulated depreciation and amortization	39,486	37,184
Net property and equipment	39,849	38,091
OTHER LONG-TERM ASSETS
Operating lease right-of-use assets, net	17,410	16,613
Goodwill	6,455	6,544
Other assets	4,117	4,381
Total other long-term assets	27,982	27,538
ASSETS	85,775	85,994
CURRENT LIABILITIES
Current portion of long-term debt	147	82
Accrued salaries and employee benefits	2,266	2,531
Accounts payable	3,987	4,030
Operating lease liabilities	2,446	2,443
Accrued expenses	4,734	5,188
Total current liabilities	13,580	14,274
LONG-TERM DEBT, LESS CURRENT PORTION	20,122	20,182
OTHER LONG-TERM LIABILITIES
Deferred income taxes	4,313	4,093
Pension, postretirement healthcare, and other benefit obligations	3,779	4,448
Self-insurance accruals	3,201	2,889
Operating lease liabilities	15,373	14,487
Other liabilities	674	682
Total other long-term liabilities	27,340	26,599
COMMITMENTS AND CONTINGENCIES
COMMON STOCKHOLDERS' INVESTMENT
Common stock, $0.10 par value; 800 million shares authorized; 318 million shares issued as of February 28, 2023 and May 31, 2022	32	32
Additional paid-in capital	3,735	3,712
Retained earnings	34,040	32,782
Accumulated other comprehensive loss	(1,308)	(1,103)
Treasury stock, at cost	(11,766)	(10,484)
Total common stockholders’ investment	24,733	24,939
LIABILITIES AND COMMON STOCKHOLDERS' INVESTMENT	$ 85,775	$ 85,994