Dynamex Inc. has a market cap of $142.1 million; its shares were traded at around $14.6 with a P/E ratio of 13 and P/S ratio of 0.3. Dynamex Inc. had an annual average earning growth of 6.6% over the past 10 years.DDMX is in the portfolios of RS Investment Management, Chuck Royce of Royce& Associates, Jim Simons of Renaissance Technologies LLC, Jean-Marie Eveillard of First Eagle Investment Management, LLC.
Highlight of Business Operations:Same-Day On-Demand Delivery. Same-day, on-demand delivery services principally involve Company messengers or independent contractors responding to a customers request for immediate pick-up and delivery, generally within a 50 mile radius of the Companys facilities. The Company also provides same-day inter-city delivery services by utilizing independent contractors and other third-party air or motor carriers. The Company focuses on the delivery of time sensitive items throughout major metropolitan areas, rather than traditional downtown document delivery. For the fiscal years (FY) ended July 31, 2010, 2009 and 2008, approximately 32%, 32%, and 33% respectively, of the Companys sales were generated from same-day on-demand delivery services.
For the fiscal years ended July 31, 2010, 2009 and 2008, approximately 68%, 68%, and 67%, respectively, of the Companys sales were generated from same-day scheduled local and regional distribution services.
The Companys target customer is a business that distributes time-sensitive items to multiple locations. The primary industries served by the Company include medical laboratories and hospitals, office products, pharmaceuticals, retail electronics, financial services, auto parts, construction and Canadian governmental agencies. During the years ended July 31, 2010, 2009 and 2008, sales to Office Depot, Inc. represented approximately 11.6%, 14.0% and 14.6%, respectively, of the Companys sales. Sales to the Companys five largest customers, including Office Depot, represented approximately 22%, 24% and 27% of the Companys consolidated sales for the years ended July 31, 2010, 2009 and 2008, respectively.
A significant number of the Companys customers are located in Canada. For the fiscal years ended July 31, 2010, 2009 and 2008, approximately 38%, 36% and 38% of the Companys sales, respectively, were generated in Canada. See Note 12 of Notes to the Consolidated Financial Statements for additional information concerning the Companys foreign operations.
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