Old Dominion Freight Line Inc.
Find Ratings ReportsOLD DOMINION FREIGHT's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. OLD DOMINION FREIGHT has strong liquidity. Currently, the Quick Ratio is 1.93 which shows the ability to cover short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 16.55% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 1495.55 | 1491.66 |
EBITDA ($mil) | 505.66 | 502.28 |
EBIT ($mil) | 421.01 | 430.23 |
Net Income ($mil) | 322.82 | 323.93 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 433.8 | 235.67 |
Total Assets ($mil) | 5512.39 | 4838.61 |
Total Debt ($mil) | 200.33 | 198.06 |
Equity ($mil) | 4257.81 | 3652.92 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 33.81 | 33.67 |
EBITDA Margin | 33.81 | 33.67 |
Operating Margin | 28.15 | 28.84 |
Sales Turnover | 1.06 | 1.29 |
Return on Assets | 22.48 | 28.46 |
Return on Equity | 29.11 | 37.7 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.1 | 1.76 |
Debt/Capital | 0.04 | 0.05 |
Interest Expense | 0.09 | 0.28 |
Interest Coverage | 4953.07 | 1536.53 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 108.97 | 110.22 |
Div / share | 0.4 | 0.3 |
EPS | 2.94 | 2.92 |
Book value / share | 39.08 | 33.14 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 669329.0 | 688486.0 |
BUY. OLD DOMINION FREIGHT's P/E ratio indicates a premium compared to an average of 35.81 for the Truck Transportation subsector and a premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 10.92 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 7.01. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, OLD DOMINION FREIGHT proves to trade at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ODFL 37.88 | Peers 35.81 | ODFL 29.62 | Peers 18.86 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. ODFL is trading at a valuation on par with its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ODFL is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ODFL 28.82 | Peers 21.95 | ODFL 2.45 | Peers 1.86 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. ODFL is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ODFL trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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ODFL 10.92 | Peers 7.01 | ODFL -7.56 | Peers -19.04 | |||||||||||||||||||||
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ODFL is trading at a significant premium to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ODFL is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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ODFL 7.92 | Peers 3.81 | ODFL -6.30 | Peers -7.62 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ODFL is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ODFL significantly trails its peers on the basis of sales growth. |
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