Company Valuation: FedEx Corporation

Data adjusted to current consolidation scope
Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 83,532 58,206 54,790 62,495 52,257 88,213 - -
Change - -30.32% -5.87% 14.06% -16.38% 68.81% - -
Enterprise Value (EV) 1 97,324 71,573 68,546 76,197 67,334 102,058 101,524 98,483
Change - -26.46% -4.23% 11.16% -11.63% 51.57% -0.52% -2.99%
P/E ratio 16.2x 15.7x 14.1x 14.8x 13x 21.4x 17x 14.3x
PBR 3.49x 2.4x 2.14x 2.31x 1.89x 2.88x 2.71x 2.35x
PEG - -0.6x 1.76x 1.3x -5.59x 7.24x 0.7x 0.8x
Capitalization / Revenue 0.99x 0.62x 0.61x 0.71x 0.59x 0.94x 0.9x 0.86x
EV / Revenue 1.16x 0.77x 0.76x 0.87x 0.77x 1.09x 1.04x 0.96x
EV / EBITDA 9.76x 6.61x 7.18x 7.24x 6.48x 9.4x 8.5x 7.69x
EV / EBIT 15.7x 10.4x 12.8x 12.2x 11x 15.7x 13.7x 11.9x
EV / FCF 23.6x 23.3x 26x 24.3x 22.6x 24.9x 20.4x 16.3x
FCF Yield 4.24% 4.29% 3.85% 4.12% 4.43% 4.02% 4.91% 6.13%
Dividend per Share 2 2.7 3.4 5.86 5.16 5.59 5.766 6.119 6.503
Rate of return 0.86% 1.51% 2.69% 2.03% 2.56% 1.56% 1.66% 1.76%
EPS 2 19.45 14.33 15.48 17.21 16.81 17.31 21.78 25.78
Distribution rate 13.9% 23.7% 37.9% 30% 33.3% 33.3% 28.1% 25.2%
Net sales 1 84,000 93,512 90,155 87,700 87,926 93,532 98,078 102,602
EBITDA 1 9,976 10,835 9,549 10,528 10,384 10,857 11,940 12,814
EBIT 1 6,180 6,865 5,373 6,240 6,120 6,506 7,400 8,287
Net income 1 5,230 3,826 3,972 4,331 4,092 4,139 5,194 6,007
Net Debt 1 13,792 13,367 13,756 13,702 15,077 13,845 13,311 10,270
Reference price 2 314.81 224.58 217.98 253.96 218.10 369.70 369.70 369.70
Nbr of stocks (in thousands) 265,342 259,178 251,352 246,081 239,599 238,607 - -
Announcement Date 6/24/21 6/23/22 6/20/23 6/25/24 6/24/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.36x1.09x9.4x1.56% 88.21B
13.91x1.15x8.34x6.66% 83.68B
14.7x0.91x6.79x4.1% 61.79B
22.94x1.66x15.79x1.01% 20.38B
20.6x0.68x7.73x-.--% 10.68B
25.74x2.4x8.85x-.--% 8.9B
9.85x0.32x6.05x5.5% 6.05B
26.94x0.54x7.89x-.--% 5.74B
14.37x0.66x7.8x3.76% 5.33B
Average 18.93x 1.04x 8.74x 2.51% 32.31B
Weighted average by Cap. 17.76x 1.10x 8.78x 3.52%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation FedEx Corporation