Projected Income Statement: FedEx Corporation

Forecast Balance Sheet: FedEx Corporation

Fiscal Period: May 2022 2023 2024 2026 2027 2028 2029
Net Debt 1 13,367 13,756 13,702 12,403 13,221 11,554 9,994
Change - 2.91% -0.39% - 6.6% -12.61% -13.5%
Announcement Date 6/23/22 A 6/20/23 A 6/25/24 A 6/23/26 A - - -
1USD in Million
Estimates

Cash Flow Forecast: FedEx Corporation

Fiscal Period: May 2022 2023 2024 2026 2027 2028 2029
CAPEX 1 6,800 6,200 5,200 3,809 4,046 4,232 4,378
Change - -8.82% -16.13% - 6.24% 4.58% 3.45%
Free Cash Flow (FCF) 1 3,069 2,641 3,136 5,116 5,701 6,154 -
Change - -13.95% 18.74% - 11.44% 7.94% -100%
Announcement Date 6/23/22 A 6/20/23 A 6/25/24 A 6/23/26 A - - -
1USD in Million
Estimates

Forecast Financial Ratios: FedEx Corporation

Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 11.59% 10.59% 12% - 11.59% 11.45% 11.75% 11.98%
EBIT Margin (%) 7.34% 5.96% 7.12% - 6.98% 6.78% 7.25% 7.66%
EBT Margin (%) 5.24% 5.95% 6.65% - 6.12% 6.78% 7.5% 7.7%
Net margin (%) 4.09% 4.41% 4.94% - 4.68% 5.11% 5.66% 5.83%
FCF margin (%) 3.28% 2.93% 3.58% - 5.4% 5.99% 6.37% -
FCF / Net Income (%) 80.21% 66.49% 72.41% - 115.41% 117.17% 112.53% -

Profitability

        
ROA 6.52% 4.44% 5.14% - 5.19% 5.54% 5.7% 6.1%
ROE 22.41% 15.05% 16.69% - 16.2% 16.24% 15.1% 15.4%

Financial Health

        
Leverage (Debt/EBITDA) 1.23x 1.44x 1.3x - 1.13x 1.21x 1.02x 0.84x
Debt / Free cash flow 4.36x 5.21x 4.37x - 2.42x 2.32x 1.88x -

Capital Intensity

        
CAPEX / Current Assets (%) 7.27% 6.88% 5.93% - 4.02% 4.25% 4.38% 4.39%
CAPEX / EBITDA (%) 62.76% 64.93% 49.39% - 34.69% 37.14% 37.27% 36.62%
CAPEX / FCF (%) 221.57% 234.76% 165.82% - 74.45% 70.98% 68.77% -

Items per share

        
Cash flow per share 1 36.96 34.43 33.12 - 37.34 - - -
Change - -6.84% -3.83% - - - - -
Dividend per Share 1 3.4 5.86 5.16 - - 5.432 5.57 5.65
Change - 72.35% -11.95% - - - 2.54% 1.44%
Book Value Per Share 1 93.76 101.9 109.9 - 132.4 135.3 - -
Change - 8.69% 7.83% - - 2.2% - -
EPS 1 14.33 15.48 17.21 - 18.55 20.83 24.04 25.46
Change - 8.03% 11.18% - - 12.29% 15.39% 5.95%
Nbr of stocks (in thousands) 259,178 251,352 246,081 - 238,607 236,591 236,591 236,591
Announcement Date 6/23/22 A 6/20/23 A 6/25/24 A - 6/23/26 A - - -
1USD
Estimates
2027 *2028 *
P/E 16.1x 13.9x
PBR 2.47x -
EV / Sales 0.97x 0.94x
Yield 1.62% 1.66%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
334.64USD
Average target price
356.37USD
Spread / Average Target
+6.49%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. FDX Stock
  4. FDXB34 Stock
  5. Financials FedEx Corporation