Company Valuation: FedEx Corporation

Data adjusted to current consolidation scope
Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 83,532 58,206 54,790 62,495 52,257 76,003 - -
Change - -30.32% -5.87% 14.06% -16.38% 45.44% - -
Enterprise Value (EV) 1 97,324 71,573 68,546 76,197 67,334 110,649 76,003 76,003
Change - -26.46% -4.23% 11.16% -11.63% 64.33% -15.43% 0%
P/E 16.2x 15.7x 14.1x 14.8x 13x 22.2x 15.8x 12.8x
PBR 3.49x 2.4x 2.14x 2.31x 1.89x 3.11x - -
PEG - -0.6x 1.76x 1.3x -5.59x 2.1x 0.9x 0.6x
Capitalization / Revenue 0.99x 0.62x 0.61x 0.71x 0.59x 1.04x 0.8x 0.79x
EV / Revenue 1.16x 0.77x 0.76x 0.87x 0.77x 1.17x 0.8x 0.79x
EV / EBITDA 9.76x 6.61x 7.18x 7.24x 6.48x 10.1x 7.16x 6.61x
EV / EBIT 15.7x 10.4x 12.8x 12.2x 11x 16.7x 11.7x 10.5x
EV / FCF 23.6x 23.3x 26x 24.3x 22.6x 21.6x 13.5x 13.2x
FCF Yield 4.24% 4.29% 3.85% 4.12% 4.43% 4.62% 7.4% 7.6%
Dividend per Share 2 2.7 3.4 5.86 5.16 5.59 5.753 5.34 -
Rate of return 0.86% 1.51% 2.69% 2.03% 2.56% 1.81% 1.68% -
EPS 2 19.45 14.33 15.48 17.21 16.81 18.55 20.19 24.85
Distribution rate 13.9% 23.7% 37.9% 30% 33.3% 33.3% 26.4% -
Net sales 1 84,000 93,512 90,155 87,700 87,926 94,720 94,486 96,041
EBITDA 1 9,976 10,835 9,549 10,528 10,384 10,980 10,620 11,498
EBIT 1 6,180 6,865 5,373 6,240 6,120 6,611 6,502 7,260
Net income 1 5,230 3,826 3,972 4,331 4,092 4,433 4,596 5,649
Net Debt 1 13,792 13,367 13,756 13,702 15,077 12,403 - -
Reference price 2 314.81 224.58 217.98 253.96 218.10 318.53 318.53 318.53
Nbr of stocks (in thousands) 265,342 259,178 251,352 246,081 239,599 238,607 - -
Announcement Date 6/24/21 A 6/23/22 A 6/20/23 A 6/25/24 A 6/24/25 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.($)
15.26x1.24x9.01x6.07% 91.92B
15.91x0.97x7.21x3.74% 66.23B
23.61x1.72x16.32x0.97% 21.02B
25.6x2.44x9.13x-.--% 8.79B
27.09x0.54x7.93x-.--% 5.77B
15.17x0.7x7.88x3.46% 5.76B
32.97x0.31x6.33x2.55% 3.56B
24.15x1.09x7.88x2.77% 3.42B
Average 22.47x 1.13x 8.96x 2.45% 25.81B
Weighted average by Cap. 17.54x 1.20x 9.05x 4.19%

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