Fedex Corp
FDX
Market Cap$66.98B
Close$
Earnings Call Q2 2024
December 19, 2023 - AI Summary
FedEx reported a 17% improvement in adjusted operating income and a 110 basis point increase in adjusted margin for the second quarter, despite a 3% decline in total revenue.
The company's transformation initiatives, known as DRIVE, are driving improved profitability and cost reductions. They expect to achieve $1.8 billion in cost reduction benefits from DRIVE this fiscal year.
FedEx Ground delivered strong results with a 57% increase in adjusted operating income and a 370 basis point expansion in adjusted margin. This was driven by higher yield and volume, along with operational improvements.
Exclusive for Stockcircle Pro members
Sign up
$60.57
77.1% downside
Current Fair Value
77.1% downsideOvervalued by 77.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $66.98 Billion |
|---|---|
| Enterprise Value | $81.52 Billion |
| Dividend Yield | $5.003 (1.84%) |
| Earnings per Share | $17.46 |
| Beta | 0.99 |
| Outstanding Shares | 246,080,750 |
| Avg 30 Day Volume | 2,524,970 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 15.24 |
|---|---|
| PEG | 108.79 |
| Price to Sales | 0.75 |
| Price to Book Ratio | 2.48 |
| Enterprise Value to Revenue | 0.93 |
| Enterprise Value to EBIT | 13.36 |
| Enterprise Value to Net Income | 18 |
| Total Debt to Enterprise | 0.25 |
| Debt to Equity | 0.77 |
Revenue Sources
No data
ESG Score
No data
About Fedex Corp
600,000 employees
CEO: Frederick Smith FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $75 billion, the company offers integrated business solutions through operating co...