Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
EXPD's Cash to Debt is ranked higher than
94% of the 1004 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.33 vs. EXPD: No Debt )
EXPD' s 10-Year Cash to Debt Range
Min: 3.72   Max: No Debt
Current: No Debt

Equity to Asset 0.69
EXPD's Equity to Asset is ranked higher than
90% of the 971 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.47 vs. EXPD: 0.69 )
EXPD' s 10-Year Equity to Asset Range
Min: 0.5   Max: 0.7
Current: 0.69

0.5
0.7
Interest Coverage No Debt
EXPD's Interest Coverage is ranked higher than
93% of the 640 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 5.52 vs. EXPD: No Debt )
EXPD' s 10-Year Interest Coverage Range
Min: 87.22   Max: 9999.99
Current: No Debt

87.22
9999.99
F-Score: 6
Z-Score: 9.31
M-Score: -2.62
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 9.08
EXPD's Operating margin (%) is ranked higher than
79% of the 997 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 6.62 vs. EXPD: 9.08 )
EXPD' s 10-Year Operating margin (%) Range
Min: 5.13   Max: 10.05
Current: 9.08

5.13
10.05
Net-margin (%) 5.73
EXPD's Net-margin (%) is ranked higher than
78% of the 998 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 3.99 vs. EXPD: 5.73 )
EXPD' s 10-Year Net-margin (%) Range
Min: 2.93   Max: 6.27
Current: 5.73

2.93
6.27
ROE (%) 16.72
EXPD's ROE (%) is ranked higher than
94% of the 974 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 6.43 vs. EXPD: 16.72 )
EXPD' s 10-Year ROE (%) Range
Min: 13.06   Max: 23.45
Current: 16.72

13.06
23.45
ROA (%) 11.56
EXPD's ROA (%) is ranked higher than
98% of the 1000 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 3.11 vs. EXPD: 11.56 )
EXPD' s 10-Year ROA (%) Range
Min: 8.11   Max: 14.33
Current: 11.56

8.11
14.33
ROC (Joel Greenblatt) (%) 66.18
EXPD's ROC (Joel Greenblatt) (%) is ranked higher than
97% of the 997 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 7.59 vs. EXPD: 66.18 )
EXPD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 39.05   Max: 101.22
Current: 66.18

39.05
101.22
Revenue Growth (%) 2.20
EXPD's Revenue Growth (%) is ranked higher than
70% of the 839 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 4.40 vs. EXPD: 2.20 )
EXPD' s 10-Year Revenue Growth (%) Range
Min: -3.2   Max: 25.3
Current: 2.2

-3.2
25.3
EBITDA Growth (%) 1.30
EXPD's EBITDA Growth (%) is ranked higher than
72% of the 731 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 2.50 vs. EXPD: 1.30 )
EXPD' s 10-Year EBITDA Growth (%) Range
Min: 1.3   Max: 37
Current: 1.3

1.3
37
EPS Growth (%) 1.90
EXPD's EPS Growth (%) is ranked higher than
69% of the 608 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 7.30 vs. EXPD: 1.90 )
EXPD' s 10-Year EPS Growth (%) Range
Min: 1.5   Max: 37
Current: 1.9

1.5
37
» EXPD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

EXPD Guru Trades in Q1 2013

Paul Tudor Jones 18,200 sh (New)
Ray Dalio 356,402 sh (New)
Jim Simons 1,864,216 sh (+509.59%)
Chuck Royce 896,060 sh (+57.61%)
David Rolfe 2,849,284 sh (+40.75%)
Charles de Vaulx 4,297,452 sh (+31.89%)
Joel Greenblatt 50,286 sh (+30.14%)
Tom Gayner 133,000 sh (unchged)
Meridian Funds 752,000 sh (unchged)
Tom Russo 3,000 sh (unchged)
Chris Davis 516,715 sh (-1.7%)
Ron Baron 43,765 sh (-7.99%)
Ruane Cunniff 341,941 sh (-8.44%)
PRIMECAP Management 2,804,300 sh (-12.53%)
Jeremy Grantham 91,520 sh (-22.78%)
Columbia Wanger 2,071,000 sh (-22.95%)
Steven Cohen 39,826 sh (-89.76%)
» More
Q2 2013

EXPD Guru Trades in Q2 2013

Steven Cohen 284,697 sh (+614.85%)
Joel Greenblatt 71,371 sh (+41.93%)
Chuck Royce 973,440 sh (+8.64%)
Tom Gayner 133,000 sh (unchged)
Tom Russo Sold Out
Paul Tudor Jones Sold Out
David Rolfe Sold Out
PRIMECAP Management 2,788,000 sh (-0.58%)
Charles de Vaulx 4,256,024 sh (-0.96%)
Ruane Cunniff 319,746 sh (-6.49%)
Columbia Wanger 1,859,000 sh (-10.24%)
Jeremy Grantham 66,820 sh (-26.99%)
Jim Simons 1,348,816 sh (-27.65%)
Chris Davis 333,331 sh (-35.49%)
Meridian Funds 367,500 sh (-51.13%)
Ray Dalio 72,490 sh (-79.66%)
Ron Baron 250 sh (-99.43%)
» More
Q3 2013

EXPD Guru Trades in Q3 2013

Pioneer Investments 84,646 sh (New)
Paul Tudor Jones 237,000 sh (New)
John Rogers 5,068 sh (New)
Ruane Cunniff 329,487 sh (+3.05%)
Columbia Wanger 1,859,000 sh (unchged)
Tom Gayner 133,000 sh (unchged)
Ron Baron Sold Out
Ray Dalio Sold Out
Jim Simons Sold Out
PRIMECAP Management 2,780,400 sh (-0.27%)
Chuck Royce 963,440 sh (-1.03%)
Chris Davis 295,398 sh (-11.38%)
Jeremy Grantham 56,220 sh (-15.86%)
Charles de Vaulx 3,278,171 sh (-22.98%)
Joel Greenblatt 28,653 sh (-59.85%)
Steven Cohen 109,073 sh (-61.69%)
» More
Q4 2013

EXPD Guru Trades in Q4 2013

Jim Simons 361,716 sh (New)
Ray Dalio 109,580 sh (New)
Joel Greenblatt 143,763 sh (+401.74%)
John Rogers 19,510 sh (+284.96%)
Tom Gayner 137,000 sh (+3.01%)
Chuck Royce 972,640 sh (+0.95%)
Columbia Wanger 1,859,000 sh (unchged)
Steven Cohen 75,000 sh (unchged)
Charles de Vaulx 3,278,171 sh (unchged)
Pioneer Investments Sold Out
Chris Davis 294,235 sh (-0.39%)
Steven Cohen 99,055 sh (-9.18%)
PRIMECAP Management 2,494,400 sh (-10.29%)
Ruane Cunniff 289,805 sh (-12.04%)
Jeremy Grantham 43,665 sh (-22.33%)
Paul Tudor Jones 178,000 sh (-24.89%)
» More
» Details

Insider Trades

Latest Guru Trades with EXPD

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-12-31 Add 401.74%0.12%$42.06 - $46.641 $ 39.34-10%143763
Ray Dalio 2013-12-31 New Buy0.04%$42.06 - $46.641 $ 39.34-10%109580
Joel Greenblatt 2013-09-30 Reduce -59.85%0.07%$37.98 - $45.23 $ 39.34-5%28653
Ray Dalio 2013-09-30 Sold Out 0.02%$37.98 - $45.23 $ 39.34-5%0
Ron Baron 2013-09-30 Sold Out $37.98 - $45.23 $ 39.34-5%0
Meridian Funds 2013-06-30 Reduce -51.13%0.5%$35.13 - $40.14 $ 39.345%367500
Ray Dalio 2013-06-30 Reduce -79.66%0.1%$35.13 - $40.14 $ 39.345%72490
Joel Greenblatt 2013-06-30 Add 41.93%0.04%$35.13 - $40.14 $ 39.345%71371
Ron Baron 2013-06-30 Reduce -99.43%0.01%$35.13 - $40.14 $ 39.345%250
Ray Dalio 2013-03-31 New Buy0.12%$35.67 - $43.54 $ 39.34-3%356402
Joel Greenblatt 2013-03-31 Add 30.14%0.02%$35.67 - $43.54 $ 39.34-3%50286
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Expeditors International of Washington, Inc.

Wedgewood Partners' David Rolfe Comments on Expeditors International of Washington - Nov 12, 2012

Expeditors International of Washington Inc. (EXPD) detracted from performance during the quarter. Expeditors continues to exhibit a best-in-class return on invested capital relative to its domestic and international third-party logistics rivals and suppliers due, in part, to Expeditors’ lean capital base as well as its highly integrated network of agents in 60 countries around the globe. Not only does Expeditors negotiate shipping rates and consolidate customer freight for forwarding, but they also perform the extremely important function of customs broker for around 75% of their customers, by our estimates. To paraphrase a popular saying in the logistics industry, “you date your forwarder but you marry your customs broker.” In other words, freight forwarding and consolidation is a commodity, where rivals compete on price. It is the customs brokerage functions that add the most value for Expeditors’ clients, particularly for smaller to mid-size businesses that do not possess the scale or expertise necessary for worldwide distribution. These clients tend to be stickier than non-custom brokerage clients. However small and mid-sized businesses have been disproportionately affected by the global macroeconomic slowdown, so there have been substantially fewer profitable opportunities for Expeditors. In terms of growth, while Expeditors has registered a contraction in EPS, year to date versus 2011, we believe these depressed results are transitory, as trade growth is already at a historically low level relative to worldwide GDP growth. When trade reverts to the historical mean, we expect Expeditors will return to double-digit earnings growth, but in the mean time, the Company has $1.25bn of net cash on its balance sheet while the stock trades near decade-low valuations.

From Wedgewood Partners Third Quarter 2012 Review and Outlook.


Check out David Rolfe latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 23.20
EXPD's P/E(ttm) is ranked higher than
56% of the 805 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 16.70 vs. EXPD: 23.20 )
EXPD' s 10-Year P/E(ttm) Range
Min: 18.39   Max: 58.87
Current: 23.2

18.39
58.87
P/B 3.80
EXPD's P/B is ranked lower than
66% of the 946 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.20 vs. EXPD: 3.80 )
EXPD' s 10-Year P/B Range
Min: 3.47   Max: 12.34
Current: 3.8

3.47
12.34
P/S 1.40
EXPD's P/S is ranked lower than
52% of the 992 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.96 vs. EXPD: 1.40 )
EXPD' s 10-Year P/S Range
Min: 1.03   Max: 2.88
Current: 1.4

1.03
2.88
PFCF 23.10
EXPD's PFCF is ranked higher than
56% of the 493 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 15.71 vs. EXPD: 23.10 )
EXPD' s 10-Year PFCF Range
Min: 15.47   Max: 109.81
Current: 23.1

15.47
109.81
EV-to-EBIT 12.20
EXPD's EV-to-EBIT is ranked higher than
79% of the 893 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 16.40 vs. EXPD: 12.20 )
EXPD' s 10-Year EV-to-EBIT Range
Min: 9.7   Max: 40.1
Current: 12.2

9.7
40.1
PEG 3.40
EXPD's PEG is ranked lower than
55% of the 461 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.40 vs. EXPD: 3.40 )
EXPD' s 10-Year PEG Range
Min: 0.35   Max: 6.2
Current: 3.4

0.35
6.2
Shiller P/E 24.70
EXPD's Shiller P/E is ranked higher than
55% of the 517 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 18.98 vs. EXPD: 24.70 )
EXPD' s 10-Year Shiller P/E Range
Min: 22.8   Max: 86.17
Current: 24.7

22.8
86.17

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.50
EXPD's Dividend Yield is ranked lower than
61% of the 743 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 2.00 vs. EXPD: 1.50 )
EXPD' s 10-Year Dividend Yield Range
Min: 0.33   Max: 1.57
Current: 1.5

0.33
1.57
Dividend Payout 0.36
EXPD's Dividend Payout is ranked higher than
60% of the 615 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.33 vs. EXPD: 0.36 )
EXPD' s 10-Year Dividend Payout Range
Min: 0.07   Max: 0.36
Current: 0.36

0.07
0.36
Dividend growth (3y) 14.50
EXPD's Dividend growth (3y) is ranked higher than
90% of the 459 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.40 vs. EXPD: 14.50 )
EXPD' s 10-Year Dividend growth (3y) Range
Min: 12.6   Max: 40.6
Current: 14.5

12.6
40.6
Yield on cost (5-Year) 2.80
EXPD's Yield on cost (5-Year) is ranked higher than
70% of the 762 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.95 vs. EXPD: 2.80 )
EXPD' s 10-Year Yield on cost (5-Year) Range
Min: 0.62   Max: 2.93
Current: 2.8

0.62
2.93
Share Buyback Rate 1.50
EXPD's Share Buyback Rate is ranked higher than
92% of the 616 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: -1.00 vs. EXPD: 1.50 )
EXPD' s 10-Year Share Buyback Rate Range
Min: 1.5   Max: -2.5
Current: 1.5

Valuation & Return

vs
industry
vs
history
Price/Net Cash 23.60
EXPD's Price/Net Cash is ranked lower than
61% of the 51 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 10.40 vs. EXPD: 23.60 )
EXPD' s 10-Year Price/Net Cash Range
Min: 20.18   Max: 1109
Current: 23.6

20.18
1109
Price/Net Current Asset Value 7.00
EXPD's Price/Net Current Asset Value is ranked higher than
69% of the 117 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 11.70 vs. EXPD: 7.00 )
EXPD' s 10-Year Price/Net Current Asset Value Range
Min: 7.36   Max: 42.13
Current: 7

7.36
42.13
Price/Tangible Book 3.90
EXPD's Price/Tangible Book is ranked lower than
70% of the 890 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.20 vs. EXPD: 3.90 )
EXPD' s 10-Year Price/Tangible Book Range
Min: 2.62   Max: 8.36
Current: 3.9

2.62
8.36
Price/DCF (Projected) 1.50
EXPD's Price/DCF (Projected) is ranked higher than
64% of the 458 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.30 vs. EXPD: 1.50 )
EXPD' s 10-Year Price/DCF (Projected) Range
Min: 1.64   Max: 7.25
Current: 1.5

1.64
7.25
Price/Median PS Value 0.80
EXPD's Price/Median PS Value is ranked higher than
84% of the 949 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.10 vs. EXPD: 0.80 )
EXPD' s 10-Year Price/Median PS Value Range
Min: 0.32   Max: 1.19
Current: 0.8

0.32
1.19
Price/Peter Lynch Fair Value 3.60
EXPD's Price/Peter Lynch Fair Value is ranked lower than
72% of the 252 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.10 vs. EXPD: 3.60 )
EXPD' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.97   Max: 4.8
Current: 3.6

0.97
4.8
Price/Graham Number 2.00
EXPD's Price/Graham Number is ranked lower than
64% of the 734 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.00 vs. EXPD: 2.00 )
EXPD' s 10-Year Price/Graham Number Range
Min: 1.47   Max: 3.84
Current: 2

1.47
3.84
Earnings Yield (Greenblatt) 8.20
EXPD's Earnings Yield (Greenblatt) is ranked higher than
82% of the 917 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 6.00 vs. EXPD: 8.20 )
EXPD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.5   Max: 10.3
Current: 8.2

2.5
10.3
Forward Rate of Return (Yacktman) 9.73
EXPD's Forward Rate of Return (Yacktman) is ranked higher than
81% of the 705 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 3.93 vs. EXPD: 9.73 )
EXPD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 9.3   Max: 87.9
Current: 9.73

9.3
87.9

Business Description

Industry: Transportation & Logistics » Integrated Shipping & Logistics
Compare:UPS, DPSGY, FDX, KHNGY, LFUGY » details
Traded in other countries:EW1.Germany
Expeditors International of Washington, Inc. was incorporated in the state of Washington in 1979 and began operations in 1981 by coordinating airfreight shipments from Asia to the U.S. It is engaged in the business of providing global logistics services. The Company offers its customers a seamless international network supporting the movement and strategic positioning of goods. The Company's services include the consolidation or forwarding of air and ocean freight. In each United States office, and in many overseas offices, the Company acts as a customs broker. The Company also provides additional services including distribution management, vendor consolidation, cargo insurance, purchase order management and customized logistics information. The Company does not compete for overnight courier or small parcel business and does not own aircraft or steamships. Beginning in 1981, the Company's primary business focus was on airfreight shipments from Asia to the United States and related customs brokerage and other services. In the mid-1980's, the Company began to expand its service capabilities in export airfreight, ocean freight and distribution services. Today the Company offers a complete range of global logistics services to a diversified group of customers, both in terms of industry specialization and geographic location. The Company estimates its average airfreight consolidation weighs approximately 3,500 pounds and a typical consolidation includes merchandise from several shippers. Because shipment by air is relatively expensive compared with ocean transportation, air shipments are generally characterized by a high value-to-weight ratio, the need for rapid delivery, or both. The Company typically delivers shipments from a Company warehouse at the origin to the airline after consolidating the freight into containers or onto pallets. The Company consolidates individual shipments based on weight and volume characteristics in cost-effective combinations. The Company's airfreight forwarding net revenues from a consolidated shipment include the differential between the rate charged to the Company by an airline and the rate which the Company charges to its customers, commissions paid to the Company by the airline carrying the freight and fees for ancillary services. The Company also performs breakbulk services which involve receiving and breaking down consolidated airfreight lots and arranging for distribution of the individual shipment. The global logistics services industry is intensely competitive and is expected to remain so for the foreseeable future. The primary competitive factors in the global logistics services industry continue to be price and quality of service, including reliability, responsiveness, expertise, convenience, and scope of operations. With respect to the Company's activities in the air transportation industry in the United States, it is subject to regulation by the Transportation Security Administration ('TSA')

Personalized Checklist








Within your circle of competence?
Macro economic environment favorable?
High quality business?
Enough margin of safety with stocks?
Gurus are buying?
Insiders are buying?
Management capable and shareholder friendly?
Catalyst for stock price to appreciate?
Your level of confidence with the research?

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide