FDX : NYSE : Services
$185.28 | %
Today's Range: 185.2001 - 187.65
Avg. Daily Volume: 1804200.0
04/21/17 - 4:02 PM ET

Financial Analysis

FEDEX CORP's gross profit margin for the third quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. FEDEX CORP has average liquidity. Currently, the Quick Ratio is 1.42 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 5.98% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)14997.012654.0
EBITDA ($mil)1787.01825.0
EBIT ($mil)1025.01162.0
Net Income ($mil)562.0507.0

Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)3173.02841.0
Total Assets ($mil)46781.037819.0
Total Debt ($mil)14758.08488.0
Equity ($mil)15184.014327.0

Profitability Q3 FY16 Q3 FY15
Gross Profit Margin26.3227.93
EBITDA Margin11.9114.42
Operating Margin6.839.18
Sales Turnover1.231.31
Return on Assets4.072.63
Return on Equity12.556.94
Debt Q3 FY16 Q3 FY15
Current Ratio1.61.72
Interest Expense137.097.0
Interest Coverage7.4811.98

Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)267.3268.42
Div / share0.40.25
Book value / share56.8153.37
Institutional Own % n/a n/a
Avg Daily Volume1742102.01631015.0


BUY. FEDEX CORP's P/E ratio indicates a discount compared to an average of 32.49 for the Air Freight & Logistics industry and a value on par with the S&P 500 average of 24.80. Conducting a second comparison, its price-to-book ratio of 3.28 indicates a premium versus the S&P 500 average of 2.97 and a significant discount versus the industry average of 100.68. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, FEDEX CORP proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FDX 26.43 Peers 32.49   FDX 10.86 Peers 13.94

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

FDX is trading at a discount to its peers.


Discount. 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.

FDX is trading at a discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
FDX 13.75 Peers 16.90   FDX 0.32 Peers 1.30

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

FDX is trading at a valuation on par with its peers.


Discount. 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.

FDX trades at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FDX 3.28 Peers 100.68   FDX 99.15 Peers 23.24

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

FDX is trading at a significant discount to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

FDX is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FDX 0.87 Peers 1.77   FDX 16.30 Peers 9.89

Discount. 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.

FDX is trading at a significant discount to its industry on this measurement.


Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

FDX has a sales growth rate that significantly exceeds its peers.



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