Company Valuation: FedEx Corporation

Data adjusted to current consolidation scope
Fiscal Period: May 2022 2023 2024 2026 2027 2028 2029
Market Cap 1 58,206 54,790 62,495 98,246 67,941 - -
Change - -5.87% 14.06% - -30.85% - -
Enterprise Value (EV) 1 71,573 68,546 76,197 110,649 80,775 78,555 77,935
Change - -4.23% 11.16% - -27% -2.75% -0.79%
P/E 15.7x 14.1x 14.8x 22.2x 14x 12x 11.3x
PBR 2.4x 2.14x 2.31x 3.11x 2.07x 1.86x -
PEG - 1.76x 1.3x - 1.3x 0.7x 1.87x
Capitalization / Revenue 0.62x 0.61x 0.71x 1.04x 0.72x 0.7x 0.68x
EV / Revenue 0.77x 0.76x 0.87x 1.17x 0.85x 0.81x 0.78x
EV / EBITDA 6.61x 7.18x 7.24x 10.1x 7.5x 6.83x 6.52x
EV / EBIT 10.4x 12.8x 12.2x 16.7x 12.3x 10.9x 10.2x
EV / FCF 23.3x 26x 24.3x 21.6x 15.2x 13.1x -
FCF Yield 4.29% 3.85% 4.12% 4.62% 6.57% 7.61% -
Dividend per Share 2 3.4 5.86 5.16 5.57 5.96 6.738 5.65
Rate of return 1.51% 2.69% 2.03% 1.35% 2.08% 2.35% 1.97%
EPS 2 14.33 15.48 17.21 18.55 20.57 24.02 25.46
Distribution rate 23.7% 37.9% 30% 30% 29% 28.1% 22.2%
Net sales 1 93,512 90,155 87,700 94,720 94,580 96,642 99,779
EBITDA 1 10,835 9,549 10,528 10,980 10,764 11,510 11,956
EBIT 1 6,865 5,373 6,240 6,611 6,553 7,228 7,645
Net income 1 3,826 3,972 4,331 4,433 4,781 5,515 5,818
Net Debt 1 13,367 13,756 13,702 12,403 12,834 10,614 9,994
Reference price 2 224.58 217.98 253.96 411.75 287.07 287.07 287.07
Nbr of stocks (in thousands) 259,178 251,352 246,081 238,607 236,670 - -
Announcement Date 6/23/22 A 6/20/23 A 6/25/24 A 6/23/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.49x1.09x7.98x6.98% 79.88B
15.9x0.96x7.07x3.59% 69.49B
13.95x0.85x7.5x2.08% 67.94B
12.6x9.38x28.92x5.46% 41.7B
28.21x1.18x10.12x0.6% 41.68B
24.67x1.16x12.35x3.1% 31.53B
24.05x1.8x17.19x0.84% 24.4B
13.95x0.4x3.99x2.98% 22.92B
9.86x1.41x5.2x4.28% 14.74B
Average 17.63x 2.03x 11.15x 3.32% 43.81B
Weighted average by Cap. 17.30x 1.94x 10.76x 3.68%

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