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 - 238,607 236,670 236,670 236,670
Announcement Date 6/23/22 A 6/20/23 A 6/25/24 A - 6/23/26 A - - -
1USD
Estimates
2027 *2028 *
P/E 15.6x 13.5x
PBR 2.4x -
EV / Sales 0.95x 0.91x
Yield 1.67% 1.72%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
BBB
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
324.31USD
Average target price
356.37USD
Spread / Average Target
+9.89%

Quarterly revenue - Rate of surprise

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