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 67,652 - -
Change - -5.87% 14.06% - -31.14% - -
Enterprise Value (EV) 1 71,573 68,546 76,197 110,649 80,487 78,267 77,646
Change - -4.23% 11.16% - -27.26% -2.76% -0.79%
P/E 15.7x 14.1x 14.8x 22.2x 13.9x 12.1x 11.2x
PBR 2.4x 2.14x 2.31x 3.11x 2.35x 2.1x -
PEG - 1.76x 1.3x - 1.3x 0.8x 1.47x
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 7.49x 6.87x 6.49x
EV / EBIT 10.4x 12.8x 12.2x 16.7x 12.4x 11.2x 10.2x
EV / FCF 23.3x 26x 24.3x 21.6x 14.6x 12.7x -
FCF Yield 4.29% 3.85% 4.12% 4.62% 6.86% 7.86% -
Dividend per Share 2 3.4 5.86 5.16 5.57 5.592 5.953 5.65
Rate of return 1.51% 2.69% 2.03% 1.35% 1.96% 2.08% 1.98%
EPS 2 14.33 15.48 17.21 18.55 20.55 23.67 25.46
Distribution rate 23.7% 37.9% 30% 30% 27.2% 25.2% 22.2%
Net sales 1 93,512 90,155 87,700 94,720 94,397 96,278 99,779
EBITDA 1 10,835 9,549 10,528 10,980 10,748 11,395 11,956
EBIT 1 6,865 5,373 6,240 6,611 6,498 7,016 7,645
Net income 1 3,826 3,972 4,331 4,433 4,789 5,379 5,818
Net Debt 1 13,367 13,756 13,702 12,403 12,834 10,614 9,994
Reference price 2 224.58 217.98 253.96 411.75 285.85 285.85 285.85
Nbr of stocks (in thousands) 259,178 251,352 246,081 238,607 236,670 - -
Announcement Date 6/23/22 6/20/23 6/25/24 6/23/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.6x1.09x7.98x6.97% 79.94B
16.45x0.99x7.29x3.48% 72.18B
13.91x0.85x7.49x1.96% 67.65B
24.28x1.81x17.19x0.84% 24.37B
18.26x0.7x7.6x-.--% 10.74B
36.05x2.53x9.73x-.--% 8.86B
8.01x0.36x5.26x6.75% 6.28B
14.28x0.66x7.48x3.6% 5.69B
27.56x0.51x7.45x-.--% 5.18B
Average 19.38x 1.06x 8.61x 2.62% 31.21B
Weighted average by Cap. 16.94x 1.07x 8.44x 3.65%

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