Market Summary
USD340.84+7.23
Market Closed2.17%
ODFL Alerts
ODFL Stock Price
ODFL RSI Chart
ODFL Valuation
ODFL Price/Sales (Trailing)
ODFL Profitability
ODFL Fundamentals
ODFL Revenue
ODFL Earnings
Price Action
52 Week Range
231.31381.81
(Low)(High)
Last 7 days
3.4%
Last 30 days
0.7%
Last 90 days
20.1%
Trailing 12 Months
14.1%
ODFL Financial Health
ODFL Investor Care
Peers (Alternatives to Old Dominion Freight Line)
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 | ||||||||
UNP | 123.3B | 24.9B | -3.24% | -26.34% | 17.61 | 4.95 | 14.08% | 7.28% |
UBER | 63.4B | 31.9B | -3.91% | -11.15% | -6.94 | 1.99 | 74.68% | -1742.94% |
CSX | 61.9B | 14.9B | -2.98% | -19.01% | 14.85 | 4.15 | 18.99% | 10.18% |
ODFL | 37.6B | 6.3B | 0.66% | 14.12% | 27.28 | 6 | 19.10% | 33.14% |
JBHT | 18.2B | 14.8B | -3.67% | -12.00% | 18.78 | 1.23 | 21.75% | 27.41% |
| MID-CAP | ||||||||
KNX | 9.1B | 7.4B | 0.23% | 12.13% | 11.79 | 1.22 | 23.85% | 3.76% |
SAIA | 7.2B | 2.8B | -0.12% | 11.59% | 20.15 | 2.58 | 21.99% | 41.14% |
LSTR | 5.6B | 7.4B | -0.60% | 19.50% | 12.32 | 0.72 | 13.75% | 12.95% |
SNDR | 4.8B | 6.6B | -4.40% | 4.90% | 10.4 | 0.72 | 17.75% | 12.93% |
WERN | 2.9B | 3.3B | -1.69% | 11.68% | 11.92 | 0.87 | 20.32% | -6.87% |
ARCB | 2.3B | 5.3B | -6.15% | 15.32% | 7.63 | 0.43 | 34.66% | 39.66% |
| SMALL-CAP | ||||||||
MRTN | 1.7B | 1.3B | -4.90% | 18.37% | 15.4 | 1.34 | 29.81% | 36.36% |
HTLD | 1.3B | 968.0M | -2.39% | 13.15% | 9.41 | 1.3 | 59.40% | 68.50% |
ULH | 766.0M | 2.0B | -2.37% | 44.67% | 5.06 | 0.38 | 21.24% | 105.25% |
USX | 306.3M | 2.2B | 278.34% | 53.09% | -6.96 | 0.14 | 10.91% | -504.67% |
Financials for Old Dominion Freight Line
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 1.3% | 6,260 | 6,179 | 5,975 | 5,627 | 5,256 |
| Operating Expenses | 6.0% | 853 | 805 | 734 | 635 | 568 |
| Costs and Expenses | 0.5% | 4,419 | 4,396 | 4,305 | 4,100 | 3,865 |
| EBITDA | 9.6% | 2,121 | 1,936 | 1,792 | 1,653 | - |
| EBITDA Margin | 4.6% | 0.34* | 0.32* | 0.32* | 0.31* | - |
| Earnings Before Taxes | 3.4% | 1,841 | 1,781 | 1,668 | 1,524 | 1,388 |
| EBT Margin | 2.0% | 0.29* | 0.29* | 0.28* | 0.27* | - |
| Interest Expenses | -6.6% | 4.00 | 4.00 | - | - | - |
| Net Income | 3.4% | 1,377 | 1,332 | 1,241 | 1,135 | 1,034 |
| Net Income Margin | 2.0% | 0.22* | 0.22* | 0.21* | 0.20* | - |
| Free Cahsflow | 1.3% | 1,692 | 1,670 | 1,520 | 1,291 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 0.6% | 4,839 | 4,811 | 4,794 | 4,723 | 4,822 |
| Current Assets | -16.0% | 934 | 1,111 | 1,209 | 1,281 | 1,384 |
| Cash Equivalents | -14.0% | 186 | 217 | 196 | 262 | 463 |
| Net PPE | 5.6% | 3,687 | 3,492 | 3,379 | 3,225 | 3,216 |
| Liabilities | -5.4% | 1,186 | 1,253 | 1,238 | 1,219 | 1,142 |
| Current Liabilities | -17.1% | 530 | 639 | 628 | 579 | 464 |
| Long Term Debt | 0.0% | 80.00 | 80.00 | 80.00 | 100 | 100 |
| LT Debt, Current | 0% | 20.00 | 20.00 | 20.00 | - | - |
| Shareholder's Equity | 2.7% | 3,653 | 3,558 | 3,556 | 3,503 | 3,680 |
| Retained Earnings | 2.8% | 3,397 | 3,306 | 3,308 | 3,359 | 3,494 |
| Additional Paid-In Capital | 1.6% | 245 | 241 | 237 | 133 | 174 |
| Accumulated Depreciation | 1.1% | 2,129 | 2,106 | 2,045 | 1,984 | 1,920 |
| Shares Outstanding | -0.7% | 110 | 111 | 112 | 114 | 115 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 1.3% | 1,692 | 1,670 | 1,520 | 1,291 | 1,213 |
| Share Based Compensation | 5.7% | 16.00 | 15.00 | - | - | - |
| Cashflow From Investing | 6.1% | -547 | -582 | -704 | -540 | -455 |
| Cashflow From Financing | -17.4% | -1,420 | -1,210 | -1,104 | -840 | -696 |
| Dividend Payments | 8.1% | 134 | 124 | 114 | 103 | 92.00 |
| Buy Backs | 30.7% | 1,277 | 977 | 819 | 566 | 536 |
Risks for ODFL
What is the probability of a big loss on ODFL?
58.5%
Probability that Old Dominion Freight Line stock will be more than 20% underwater in next one year
12.7%
Probability that Old Dominion Freight Line stock will be more than 30% underwater in next one year.
0%
Probability that Old Dominion Freight Line 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 ODFL drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Old Dominion Freight Line was unfortunately bought at previous high price.
Drawdowns
Returns for ODFL
Cumulative Returns on ODFL
30.3%
10-Year Cumulative Returns
33.4%
7-Year Cumulative Returns
28.7%
5-Year Cumulative Returns
37.7%
3-Year Cumulative Returns
What are the long-term rolling returns for ODFL?
FIve years rolling returns for Old Dominion Freight Line.
Annualized Returns
Which funds bought or sold ODFL recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-28 | Acrisure Capital Management, LLC | new | - | 246,037 | 246,037 | 0.27% |
2023-03-24 | PALISADE CAPITAL MANAGEMENT, LP | added | 7.11 | 106,006 | 586,006 | 0.02% |
2023-03-23 | ETF MANAGERS GROUP, LLC | added | 3.97 | 106,099 | 677,099 | 0.03% |
2023-03-23 | MetLife Investment Management, LLC | reduced | -3.09 | 752,906 | 7,887,380 | 0.06% |
2023-03-17 | American Portfolios Advisors | reduced | -1.49 | -58,689 | 1,281,910 | 0.05% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 47.83 | 319,177 | 784,177 | 0.02% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 76.27 | 34,851,000 | 69,329,000 | 0.08% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -1.39 | 14,000 | 120,000 | -% |
2023-03-01 | Regal Investment Advisors LLC | reduced | -0.23 | 72,761 | 602,761 | 0.06% |
2023-02-28 | Trust Investment Advisors | unchanged | - | 32,645 | 261,645 | 0.25% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ODFL Alerts
Old Dominion Freight Line News
Schedule 13G FIlings of Old Dominion Freight Line
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 7.6% | 8,415,483 | SC 13G | |
| Feb 13, 2023 | capital research global investors | 6.7% | 7,452,017 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.77% | 10,790,836 | SC 13G/A | |
| Feb 08, 2023 | congdon david s | 5.5% | 6,135,144 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.4% | 9,232,121 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 4.5% | 5,251,895 | SC 13G/A | |
| Feb 11, 2022 | capital research global investors | 5.7% | 6,511,245 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 9.34% | 10,746,615 | SC 13G/A | |
| Feb 07, 2022 | congdon david s | 5.6% | 6,418,682 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.7% | 10,008,078 | SC 13G/A |
ODFL Fair Value
Old Dominion Freight Line fair value in different scenarios
The table shows the Fair Value estimates for Old Dominion Freight Line for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 203.49 -40.30% | 264.19 -22.49% | 388.24 13.91% | 511.19 49.98% | 616.66 80.92% |
| Current Inflation | 185.93 -45.45% | 237.54 -30.31% | 341.61 0.23% | 443.84 30.22% | 531.15 55.84% |
| Very High Inflation | 164.42 -51.76% | 205.57 -39.69% | 287.09 -15.77% | 366.30 7.47% | 433.58 27.21% |
Historical Old Dominion Freight Line Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Old Dominion Freight Line
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 23, 2023 | 8-K | Current Report | |
| Mar 03, 2023 | 8-K | Current Report | |
| Mar 01, 2023 | 8-K | Current Report | |
| Feb 27, 2023 | 4 | Insider Trading | |
| Feb 22, 2023 | 10-K | Annual Report | |
| Feb 17, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | SC 13G | Major Ownership Report | |
| Feb 14, 2023 | 4 | Insider Trading | |
| Feb 14, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for ODFL
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-27 | Bates David J. | sold | -416,410 | 344 | -1,208 | svp - operations |
2023-02-16 | CONGDON DAVID S | sold | -7,036,400 | 351 | -20,000 | executive chairman |
2023-02-14 | Gabosch Bradley R | sold | -967,167 | 358 | -2,700 | - |
2023-02-13 | Overbey Cecil E. Jr. | sold (taxes) | -249,884 | 355 | -702 | svp - strategic development |
2023-02-13 | Freeman Kevin M. | sold (taxes) | -433,915 | 355 | -1,219 | evp & chief operating officer |
2023-02-13 | Parr Ross H. | sold (taxes) | -249,884 | 355 | -702 | svp - legal affairs, gc & sec. |
2023-02-13 | Satterfield Adam N | sold (taxes) | -366,639 | 355 | -1,030 | cfo, svp-finance & asst. sec. |
2023-02-13 | CONGDON DAVID S | sold (taxes) | -303,278 | 355 | -852 | executive chairman |
2023-02-13 | Brooks Christopher T | sold (taxes) | -249,884 | 355 | -702 | svp - human resources & safety |
2023-02-13 | Bates David J. | sold (taxes) | -249,884 | 355 | -702 | svp - operations |
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.
ODFL Income Statement
2022-12-31Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Revenue from operations | $ 6,260,077 | $ 5,256,328 | $ 4,015,129 |
| Operating expenses: | |||
| Salaries, wages and benefits | 2,716,835 | 2,467,985 | 2,053,894 |
| Operating supplies and expenses | 852,955 | 567,615 | 373,431 |
| General supplies and expenses | 159,998 | 136,059 | 110,279 |
| Operating taxes and licenses | 141,239 | 133,452 | 116,943 |
| Insurance and claims | 58,301 | 53,549 | 42,364 |
| Communications and utilities | 40,584 | 34,149 | 31,542 |
| Depreciation and amortization | 276,050 | 259,883 | 261,259 |
| Purchased transportation | 158,111 | 185,785 | 97,947 |
| Miscellaneous expenses, net | 15,372 | 26,249 | 20,588 |
| Total operating expenses | 4,419,445 | 3,864,726 | 3,108,247 |
| Operating income | 1,840,632 | 1,391,602 | 906,882 |
| Non-operating (income) expense: | |||
| Interest expense | 1,563 | 1,727 | 2,782 |
| Interest income | (4,884) | (786) | (1,830) |
| Other expense, net | 2,604 | 2,238 | 4,566 |
| Total non-operating (income) expense | (717) | 3,179 | 5,518 |
| Income before income taxes | 1,841,349 | 1,388,423 | 901,364 |
| Provision for income taxes | 464,190 | 354,048 | 228,682 |
| Net income | $ 1,377,159 | $ 1,034,375 | $ 672,682 |
| Earnings per share: | |||
| Basic | $ 12.26 | $ 8.94 | $ 5.71 |
| Diluted | $ 12.18 | $ 8.89 | $ 5.68 |
| Weighted average shares outstanding: | |||
| Basic | 112,340,791 | 115,651,411 | 117,737,180 |
| Diluted | 113,077,820 | 116,409,989 | 118,493,203 |
| Dividends declared per share | $ 1.20 | $ 0.80 | $ 0.60 |
ODFL Balance Sheet
2022-12-31Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 186,312 | $ 462,564 |
| Short-term investments | 49,355 | 254,433 |
| Customer receivables, less allowances of $10,689 and $9,855, respectively | 578,648 | 567,474 |
| Income taxes receivable | 12,738 | 19,218 |
| Other receivables | 13,743 | 12,410 |
| Prepaid expenses and other current assets | 92,944 | 67,688 |
| Total current assets | 933,740 | 1,383,787 |
| Property and equipment: | ||
| Revenue equipment | 2,501,995 | 2,146,205 |
| Land and structures | 2,750,100 | 2,463,949 |
| Other fixed assets | 550,442 | 512,340 |
| Leasehold improvements | 13,516 | 13,131 |
| Total property and equipment | 5,816,053 | 5,135,625 |
| Less: Accumulated depreciation | (2,128,985) | (1,919,939) |
| Net property and equipment | 3,687,068 | 3,215,686 |
| Other assets | 217,802 | 222,071 |
| Total assets | 4,838,610 | 4,821,544 |
| Current liabilities: | ||
| Accounts payable | 106,275 | 82,519 |
| Compensation and benefits | 288,278 | 257,905 |
| Claims and insurance accruals | 63,307 | 61,822 |
| Other accrued liabilities | 51,933 | 61,988 |
| Current maturities of long-term debt | 20,000 | |
| Total current liabilities | 529,793 | 464,234 |
| Long-term debt | 79,963 | 99,947 |
| Other non-current liabilities | 265,422 | 328,838 |
| Deferred income taxes | 310,515 | 248,718 |
| Total long-term liabilities | 655,900 | 677,503 |
| Total liabilities | 1,185,693 | 1,141,737 |
| Commitments and contingent liabilities | ||
| Shareholders’ equity | ||
| Common stock - $0.10 par value, 280,000,000 shares authorized, 110,222,819 and 115,011,172 shares outstanding at December 31, 2022 and December 31, 2021, respectively. | 11,022 | 11,501 |
| Capital in excess of par value | 244,590 | 174,445 |
| Retained earnings | 3,397,305 | 3,493,861 |
| Total shareholders’ equity | 3,652,917 | 3,679,807 |
| Total liabilities and shareholders’ equity | $ 4,838,610 | $ 4,821,544 |