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 76,331 - -
Change - -5.87% 14.06% - -22.31% - -
Enterprise Value (EV) 1 71,573 68,546 76,197 110,649 89,552 87,885 86,325
Change - -4.23% 11.16% - -19.07% -1.86% -1.78%
P/E 15.7x 14.1x 14.8x 22.2x 15.5x 13.4x 12.7x
PBR 2.4x 2.14x 2.31x 3.11x 2.38x - -
PEG - 1.76x 1.3x - 1.3x 0.9x 2.13x
Capitalization / Revenue 0.62x 0.61x 0.71x 1.04x 0.8x 0.79x 0.77x
EV / Revenue 0.77x 0.76x 0.87x 1.17x 0.94x 0.91x 0.87x
EV / EBITDA 6.61x 7.18x 7.24x 10.1x 8.22x 7.74x 7.22x
EV / EBIT 10.4x 12.8x 12.2x 16.7x 13.9x 12.6x 11.3x
EV / FCF 23.3x 26x 24.3x 21.6x 15.7x 14.3x -
FCF Yield 4.29% 3.85% 4.12% 4.62% 6.37% 7% -
Dividend per Share 2 3.4 5.86 5.16 - 5.432 5.57 5.65
Rate of return 1.51% 2.69% 2.03% - 1.68% 1.73% 1.75%
EPS 2 14.33 15.48 17.21 18.55 20.83 24.04 25.46
Distribution rate 23.7% 37.9% 30% - 26.1% 23.2% 22.2%
Net sales 1 93,512 90,155 87,700 94,720 95,144 96,609 99,779
EBITDA 1 10,835 9,549 10,528 10,980 10,894 11,354 11,956
EBIT 1 6,865 5,373 6,240 6,611 6,446 7,001 7,645
Net income 1 3,826 3,972 4,331 4,433 4,866 5,469 5,818
Net Debt 1 13,367 13,756 13,702 12,403 13,221 11,554 9,994
Reference price 2 224.58 217.98 253.96 411.75 322.52 322.52 322.52
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.($)
17.16x1.18x8.62x6.33% 88.06B
15.57x0.95x8.26x1.67% 76.75B
15.93x0.96x7.08x3.6% 71.04B
24.24x1.81x17.15x0.84% 24.33B
20.39x0.79x8.49x-.--% 11.99B
22.26x2.49x9.52x-.--% 9.04B
8.52x0.35x5.14x6.35% 6.15B
14.01x0.65x7.37x3.68% 5.63B
28.77x0.53x7.69x-.--% 5.41B
Average 18.54x 1.08x 8.81x 2.5% 33.16B
Weighted average by Cap. 17.29x 1.10x 8.77x 3.42%

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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  5. Valuation FedEx Corporation