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 68,720 - -
Change - -5.87% 14.06% - -30.05% - -
Enterprise Value (EV) 1 71,573 68,546 76,197 110,649 81,554 79,334 78,714
Change - -4.23% 11.16% - -26.3% -2.72% -0.78%
P/E 15.7x 14.1x 14.8x 22.2x 14.1x 12.1x 11.4x
PBR 2.4x 2.14x 2.31x 3.11x 2.09x 1.88x -
PEG - 1.76x 1.3x - 1.3x 0.7x 1.89x
Capitalization / Revenue 0.62x 0.61x 0.71x 1.04x 0.73x 0.71x 0.69x
EV / Revenue 0.77x 0.76x 0.87x 1.17x 0.86x 0.82x 0.79x
EV / EBITDA 6.61x 7.18x 7.24x 10.1x 7.61x 6.89x 6.58x
EV / EBIT 10.4x 12.8x 12.2x 16.7x 12.5x 11x 10.3x
EV / FCF 23.3x 26x 24.3x 21.6x 15.4x 13.3x -
FCF Yield 4.29% 3.85% 4.12% 4.62% 6.5% 7.53% -
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% 2.05% 2.32% 1.95%
EPS 2 14.33 15.48 17.21 18.55 20.53 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 94,700 96,642 99,779
EBITDA 1 10,835 9,549 10,528 10,980 10,718 11,510 11,956
EBIT 1 6,865 5,373 6,240 6,611 6,529 7,228 7,645
Net income 1 3,826 3,972 4,331 4,433 4,769 5,515 5,818
Net Debt 1 13,367 13,756 13,702 12,403 12,834 10,614 9,994
Reference price 2 224.58 217.98 253.96 411.75 290.36 290.36 290.36
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.35x1.09x7.94x7.05% 79.14B
16.18x0.97x7.17x3.52% 70.69B
14.15x0.86x7.61x2.05% 68.72B
29.17x1.21x10.39x0.58% 43.13B
12.58x9.38x28.91x5.47% 41.62B
25.12x1.17x12.55x3.04% 32.15B
24.64x1.84x17.64x0.82% 25.02B
13.95x0.4x3.99x2.98% 22.92B
9.91x1.42x5.22x4.26% 14.82B
Average 17.89x 2.04x 11.27x 3.31% 44.25B
Weighted average by Cap. 17.58x 1.94x 10.86x 3.64%

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

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