Projected Income Statement: FedEx Corporation

Forecast Balance Sheet: FedEx Corporation

Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 13,792 13,367 13,756 13,702 15,077 12,403 - -
Change - -3.08% 2.91% -0.39% 10.04% -17.74% - -
Announcement Date 6/24/21 6/23/22 6/20/23 6/25/24 6/24/25 6/23/26 - -
1USD in Million
Estimates

Cash Flow Forecast: FedEx Corporation

Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 5,884 6,800 6,200 5,200 4,055 3,809 4,000 -
Change - 15.57% -8.82% -16.13% -22.02% -6.07% -1.3% -100%
Free Cash Flow (FCF) 1 4,125 3,069 2,641 3,136 2,981 5,116 5,624 5,778
Change - -25.6% -13.95% 18.74% -4.94% 71.62% 43.11% 2.74%
Announcement Date 6/24/21 6/23/22 6/20/23 6/25/24 6/24/25 6/23/26 - -
1USD in Million
Estimates

Forecast Financial Ratios: FedEx Corporation

Fiscal Period: May 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 11.88% 11.59% 10.59% 12% 11.81% 11.59% 11.24% 11.97%
EBIT Margin (%) 7.36% 7.34% 5.96% 7.12% 6.96% 6.98% 6.88% 7.56%
EBT Margin (%) 7.95% 5.24% 5.95% 6.65% 6.19% 6.12% 6.66% 7.74%
Net margin (%) 6.23% 4.09% 4.41% 4.94% 4.65% 4.68% 4.86% 5.88%
FCF margin (%) 4.91% 3.28% 2.93% 3.58% 3.39% 5.4% 5.95% 6.02%
FCF / Net Income (%) 78.87% 80.21% 66.49% 72.41% 72.85% 115.41% 122.35% 102.28%

Profitability

        
ROA 6.26% 6.52% 4.44% 5.14% 5.07% 5.19% - -
ROE 23.03% 22.41% 15.05% 16.69% 15.92% 16.2% - -

Financial Health

        
Leverage (Debt/EBITDA) 1.38x 1.23x 1.44x 1.3x 1.45x 1.13x - -
Debt / Free cash flow 3.34x 4.36x 5.21x 4.37x 5.06x 2.42x - -

Capital Intensity

        
CAPEX / Current Assets (%) 7% 7.27% 6.88% 5.93% 4.61% 4.02% 4.23% -
CAPEX / EBITDA (%) 58.98% 62.76% 64.93% 49.39% 39.05% 34.69% 37.66% -
CAPEX / FCF (%) 142.64% 221.57% 234.76% 165.82% 136.03% 74.45% 71.12% -

Items per share

        
Cash flow per share 1 37.82 36.96 34.43 33.12 28.95 37.34 - -
Change - -2.26% -6.84% -3.83% -12.56% 28.97% - -
Dividend per Share 1 2.7 3.4 5.86 5.16 5.59 5.753 5.34 -
Change - 25.93% 72.35% -11.95% 8.33% 2.92% -7.18% -
Book Value Per Share 1 90.18 93.76 101.9 109.9 115.5 132.4 - -
Change - 3.96% 8.69% 7.83% 5.13% 14.61% - -
EPS 1 19.45 14.33 15.48 17.21 16.81 18.55 20.19 24.85
Change - -26.32% 8.03% 11.18% -2.32% 10.35% 17.04% 23.06%
Nbr of stocks (in thousands) 265,342 259,178 251,352 246,081 239,599 238,607 238,607 238,607
Announcement Date 6/24/21 6/23/22 6/20/23 6/25/24 6/24/25 6/23/26 - -
1USD
Estimates
2026 2027 *
P/E 22.2x 15.8x
PBR 3.11x -
EV / Sales 1.17x 0.8x
Yield 1.81% 1.68%

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
BUY
Number of Analysts
27
Last Close Price
318.53USD
Average target price
349.72USD
Spread / Average Target
+9.79%

Quarterly revenue - Rate of surprise

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