Why FedEx Corp Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis

Johnny HopkinsStock Screener1 Comment

As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals.

One of the cheapest stocks in our Stock Screeners is:

FedEx Corp (FDX)

FedEx pioneered overnight delivery in 1973 and remains the world’s largest express package provider. In its fiscal 2023, which ended May 2023, FedEx derived 47% of revenue from its express division, 37% from ground, and 11% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.

A quick look at the share price history (below) over the past twelve months shows that the price is up 31.08%. Here’s why the company is undervalued.

FDX Chart

FDX data by YCharts

Key Stats

Market Cap: $76.73 Billion

Enterprise Value: $108.18 Billion

Operating Earnings

Operating Earnings: $5.95 Billion

Acquirer’s Multiple

Acquirer’s Multiple: 18.20

Free Cash Flow (TTM)

Free Cash Flow: $4.10 Billion

FCF/EV Yield %:

FCF/EV Yield: 5.34

Shareholder Yield %:

Shareholder Yield: 2.40

Other Indicators

Piotroski F Score: 7.00

Altman Z-Score (TTM): 2.529

ROA (5 Year Avge%): 7

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One Comment on “Why FedEx Corp Stock Is A Buy? Acquirer’s Multiple Stock Screener Analysis”

  1. Johnny, A minor observation on Fedex. TNT Express was not really a Dutch company. It was started in Australia around 1946 by Ken Thomas. Until the sixties it was known as Thomas Nationwide Transport, hence TNT. It then merged with Alltrans and Peter Abeles, a founder of Alltrans, took over as CEO. He was the real driver of the growth of TNT expanding into shipping and air transport. I knew Peter Abeles quite well and I still have a silver tray he gave my wife and I as a wedding gift.

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