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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 : 7/10

vs
industry
vs
history
Cash to Debt 1.705
FDX's Cash to Debt is ranked higher than
84% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.28 vs. FDX: 1.705 )
FDX' s 10-Year Cash to Debt Range
Min: 0.04   Max: 1.71
Current: 1.71

0.04
1.71
Equity to Asset 0.492
FDX's Equity to Asset is ranked higher than
67% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.45 vs. FDX: 0.492 )
FDX' s 10-Year Equity to Asset Range
Min: 0.42   Max: 0.57
Current: 0.49

0.42
0.57
Interest Coverage 81.7
FDX's Interest Coverage is ranked higher than
88% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 2.90 vs. FDX: 81.7 )
FDX' s 10-Year Interest Coverage Range
Min: 7   Max: 82
Current: 81.7

7
82
F-Score: 5
Z-Score: 3.85
M-Score: -2.86
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 : 7/10

vs
industry
vs
history
Operating margin (%) 7.50
FDX's Operating margin (%) is ranked higher than
73% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 5.00 vs. FDX: 7.50 )
FDX' s 10-Year Operating margin (%) Range
Min: 2.1   Max: 9.3
Current: 7.5

2.1
9.3
Net-margin (%) 4.8
FDX's Net-margin (%) is ranked higher than
74% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 3.10 vs. FDX: 4.8 )
FDX' s 10-Year Net-margin (%) Range
Min: 0.3   Max: 5.7
Current: 4.8

0.3
5.7
ROE (%) 13.8
FDX's ROE (%) is ranked higher than
89% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 4.20 vs. FDX: 13.8 )
FDX' s 10-Year ROE (%) Range
Min: 0.7   Max: 15.9
Current: 13.8

0.7
15.9
ROA (%) 6.8
FDX's ROA (%) is ranked higher than
88% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 2.30 vs. FDX: 6.8 )
FDX' s 10-Year ROA (%) Range
Min: 0.4   Max: 8.4
Current: 6.8

0.4
8.4
ROC (Joel Greenblatt) (%) 17.20
FDX's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 6.90 vs. FDX: 17.20 )
FDX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 5.2   Max: 28.2
Current: 17.2

5.2
28.2
Revenue Growth (%) 4.3
FDX's Revenue Growth (%) is ranked higher than
79% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.00 vs. FDX: 4.3 )
FDX' s 10-Year Revenue Growth (%) Range
Min: -0.6   Max: 8.9
Current: 4.3

-0.6
8.9
EBITDA Growth (%) 17.7
FDX's EBITDA Growth (%) is ranked higher than
94% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.00 vs. FDX: 17.7 )
FDX' s 10-Year EBITDA Growth (%) Range
Min: -12.3   Max: 17.7
Current: 17.7

-12.3
17.7
EPS Growth (%) 113.2
FDX's EPS Growth (%) is ranked higher than
99% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.00 vs. FDX: 113.2 )
FDX' s 10-Year EPS Growth (%) Range
Min: -52   Max: 113.2
Current: 113.2

-52
113.2
» FDX's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2012

FDX Guru Trades in Q2 2012

Jim Simons 106,800 sh (New)
Bill Nygren 1,555,000 sh (+14.76%)
Scott Black 96,851 sh (+11.18%)
Mason Hawkins 13,607,914 sh (+10.96%)
HOTCHKIS & WILEY 1,139,400 sh (+1.35%)
Pioneer Investments 126,477 sh (+0.57%)
Bill Gates 3,024,999 sh (unchged)
Jeff Auxier 2,200 sh (unchged)
Robert Olstein 72,000 sh (unchged)
Bill Frels 3,200 sh (unchged)
Tom Russo 240 sh (unchged)
Westport Asset Management 85,000 sh (unchged)
Ken Heebner Sold Out
Louis Moore Bacon Sold Out
Paul Tudor Jones Sold Out
PRIMECAP Management 20,399,448 sh (-1.19%)
Dodge & Cox 18,561,839 sh (-2.19%)
Manning & Napier Advisors, Inc 990,677 sh (-5.49%)
Chris Davis 112,740 sh (-5.92%)
David Dreman 185,233 sh (-15.75%)
Steven Cohen 24,929 sh (-92.57%)
» More
Q3 2012

FDX Guru Trades in Q3 2012

Paul Tudor Jones 114,000 sh (New)
Steven Cohen 628,127 sh (+2419.66%)
Jim Simons 951,700 sh (+791.1%)
Mason Hawkins 16,719,081 sh (+22.86%)
Bill Nygren 1,855,000 sh (+19.29%)
Tom Russo 240 sh (unchged)
Westport Asset Management 85,000 sh (unchged)
Bill Gates 3,024,999 sh (unchged)
Robert Olstein 72,000 sh (unchged)
Bill Frels 3,200 sh (unchged)
Jeff Auxier Sold Out
Pioneer Investments 126,146 sh (-0.26%)
Scott Black 96,338 sh (-0.53%)
PRIMECAP Management 20,158,635 sh (-1.18%)
Dodge & Cox 18,207,089 sh (-1.91%)
Chris Davis 107,774 sh (-4.4%)
HOTCHKIS & WILEY 927,700 sh (-18.58%)
David Dreman 126,179 sh (-31.88%)
Manning & Napier Advisors, Inc 173,822 sh (-82.45%)
» More
Q4 2012

FDX Guru Trades in Q4 2012

Louis Moore Bacon 15,000 sh (New)
Bruce Kovner 50,418 sh (New)
John Hussman 250,000 sh (New)
Bill Nygren 1,890,000 sh (+1.89%)
Bill Frels 3,200 sh (unchged)
Westport Asset Management 85,000 sh (unchged)
Bill Gates 3,024,999 sh (unchged)
Jeremy Grantham 37,300 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
Scott Black 96,153 sh (-0.19%)
Pioneer Investments 125,878 sh (-0.21%)
PRIMECAP Management 20,106,485 sh (-0.26%)
Dodge & Cox 17,927,289 sh (-1.54%)
Mason Hawkins 16,295,086 sh (-2.54%)
Chris Davis 99,236 sh (-7.92%)
Robert Olstein 65,000 sh (-9.72%)
HOTCHKIS & WILEY 805,700 sh (-13.15%)
Paul Tudor Jones 79,300 sh (-30.44%)
Steven Cohen 265,797 sh (-57.68%)
David Dreman 27,569 sh (-78.15%)
Tom Russo 40 sh (-83.33%)
Jim Simons 109,900 sh (-88.45%)
» More
Q1 2013

FDX Guru Trades in Q1 2013

Pioneer Investments 333,128 sh (+164.64%)
Louis Moore Bacon 25,000 sh (+66.67%)
HOTCHKIS & WILEY 1,232,000 sh (+52.91%)
Westport Asset Management 122,500 sh (+44.12%)
Paul Tudor Jones 97,600 sh (+23.08%)
Bill Nygren 1,960,000 sh (+3.7%)
Mason Hawkins 16,598,493 sh (+1.86%)
Bill Gates 3,024,999 sh (unchged)
Bill Frels 3,200 sh (unchged)
Tom Russo 40 sh (unchged)
Jeremy Grantham Sold Out
Jim Simons Sold Out
Bruce Kovner Sold Out
Scott Black 95,185 sh (-1.01%)
PRIMECAP Management 19,717,422 sh (-1.94%)
Dodge & Cox 17,359,875 sh (-3.17%)
Chris Davis 95,207 sh (-4.06%)
David Dreman 22,084 sh (-19.9%)
Robert Olstein 51,000 sh (-21.54%)
John Hussman 100,000 sh (-60%)
Steven Cohen 19,272 sh (-92.75%)
» More
» Details

Insider Trades

Latest Guru Trades with FDX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-03-31 Reduce -60%0.36%$91.72 - $109.07 $ 99.48-3%100000
Mason Hawkins 2013-03-31 Add 1.86%0.13%$91.72 - $109.07 $ 99.48-3%16598493
John Hussman 2012-12-31 New Buy0.6%$84.5 - $93.49 $ 99.4811%250000
David Dreman 2012-12-31 Reduce -78.15%0.21%$84.5 - $93.49 $ 99.4811%27569
Mason Hawkins 2012-09-30 Add 22.86%1.17%$84.39 - $92.83 $ 99.4812%16719081
David Dreman 2012-09-30 Reduce -31.88%0.13%$84.39 - $92.83 $ 99.4812%126179
Mason Hawkins 2012-06-30 Add 10.96%0.52%$84.69 - $91.98 $ 99.4812%13607914
Scott Black 2012-06-30 Add 11.18%0.14%$84.69 - $91.98 $ 99.4812%96851
Arnold Van Den Berg 2012-03-31 Sold Out 0.46%$84.09 - $96.98 $ 99.4815%0
Mason Hawkins 2012-03-31 Add 4.47%0.21%$84.09 - $96.98 $ 99.4815%12264191
Ray Dalio 2012-03-31 Sold Out 0.03%$84.09 - $96.98 $ 99.4815%0
Ron Baron 2012-03-31 Sold Out 0.0014%$84.09 - $96.98 $ 99.4815%0
Ray Dalio 2011-12-31 Reduce -93.95%0.29%$65.15 - $84.92 $ 99.4825%18800
Mason Hawkins 2011-12-31 Add 3.89%0.16%$65.15 - $84.92 $ 99.4825%11739891
Ron Baron 2011-12-31 Reduce -97.16%0.04%$65.15 - $84.92 $ 99.4825%2659
Mason Hawkins 2011-09-30 Add 40.92%1.05%$66.58 - $98.5 $ 99.4822%11300652
George Soros 2011-09-30 Sold Out 0.1609%$66.58 - $98.5 $ 99.4822%0
Joel Greenblatt 2011-09-30 Sold Out 0.0384%$66.58 - $98.5 $ 99.4822%0
George Soros 2011-06-30 Reduce -27.78%0.07%$85.38 - $95.74 $ 99.488%120600
Joel Greenblatt 2011-06-30 New Buy0.04%$85.38 - $95.74 $ 99.488%2902
George Soros 2011-03-31 New Buy0.19%$85.28 - $98.32 $ 99.488%167000
Jean-Marie Eveillard 2011-03-31 Sold Out $85.28 - $98.32 $ 99.488%0
Mason Hawkins 2010-09-30 Add 28.13%0.69%$70.7 - $87.29 $ 99.4823%8267081
George Soros 2010-09-30 Sold Out 0.02%$70.7 - $87.29 $ 99.4823%0
Lee Ainslie 2010-06-30 Sold Out 1.29%$71.51 - $95.62 $ 99.4817%0
Jean-Marie Eveillard 2010-06-30 New Buy0.02%$71.51 - $95.62 $ 99.4817%40000
Ron Baron 2010-06-30 Add 36.6%0.01%$71.51 - $95.62 $ 99.4817%109440
Lee Ainslie 2010-03-31 Reduce -30.64%0.4%$76.69 - $92.82 $ 99.4818%1291534
Jean-Marie Eveillard 2010-03-31 Sold Out 0.03%$76.69 - $92.82 $ 99.4818%0
George Soros 2010-03-31 New Buy0.01%$76.69 - $92.82 $ 99.4818%7900
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Guru Investment Theses on FedEx Corporation

Bill Nygren's Oakmark Comments on FedEx - Jul 10, 2012

From Oakmark's second-quarter 2012 letter:

Turning to FedEx (FDX), our investment thesis is that the market undervalues the stock because of management’s extremely long-term investing horizon. FedEx continues to build out its domestic ground system and its Pacific parcel network. As shipping density improves over time, profit margins should increase meaningfully.

Check out Bill Nygren latest stock trades

Top Ranked Articles about FedEx Corporation

Weekly Top Insider Buys: GE, FDX, ADM, BSX, TKR
According to GuruFocus Insider Data, these are the largest insider buys during the past week: General Electric Company (GE), FedEx Corporation (FDX), Archer Daniels Midland Company (ADM), Boston Scientific Corporation (BSX) and The Timken Company (TKR). Read more...
Bill Nygren's Oakmark Comments on FedEx
From Oakmark's second-quarter 2012 letter: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 17.60
FDX's P/E(ttm) is ranked higher than
61% of the 688 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 15.60 vs. FDX: 17.60 )
FDX' s 10-Year P/E(ttm) Range
Min: 13.07   Max: 226.13
Current: 17.6

13.07
226.13
P/B 2.10
FDX's P/B is ranked lower than
56% of the 840 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.98 vs. FDX: 2.10 )
FDX' s 10-Year P/B Range
Min: 0.72   Max: 3.5
Current: 2.1

0.72
3.5
P/S 0.72
FDX's P/S is ranked higher than
66% of the 887 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.76 vs. FDX: 0.72 )
FDX' s 10-Year P/S Range
Min: 0.3   Max: 1.15
Current: 0.72

0.3
1.15
PFCF 24.10
FDX's PFCF is ranked higher than
54% of the 590 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 15.99 vs. FDX: 24.10 )
FDX' s 10-Year PFCF Range
Min: 3.84   Max: 799.45
Current: 24.1

3.84
799.45
EV-to-EBIT 10.2
FDX's EV-to-EBIT is ranked higher than
78% of the 719 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 13.47 vs. FDX: 10.2 )
FDX' s 10-Year EV-to-EBIT Range
Min: 8   Max: 128.3
Current: 10.2

8
128.3
PEG 1.7
FDX's PEG is ranked higher than
62% of the 304 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.59 vs. FDX: 1.7 )
FDX' s 10-Year PEG Range
Min: 0.76   Max: 6.34
Current: 1.7

0.76
6.34
Shiller P/E 23
FDX's Shiller P/E is ranked lower than
100% of the Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: vs. FDX: 23 )
FDX' s 10-Year Shiller P/E Range
Min: 7.34   Max: 36.9
Current: 23

7.34
36.9

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.57
FDX's Dividend Yield is ranked lower than
64% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.50 vs. FDX: 0.57 )
FDX' s 10-Year Dividend Yield Range
Min: 0.09   Max: 1.2
Current: 0.57

0.09
1.2
Dividend Payout 0.1207
FDX's Dividend Payout is ranked higher than
92% of the 521 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.30 vs. FDX: 0.1207 )
FDX' s 10-Year Dividend Payout Range
Min: 0.06   Max: 1.4
Current: 0.12

0.06
1.4
Dividend growth (3y) 4.3
FDX's Dividend growth (3y) is ranked higher than
92% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.00 vs. FDX: 4.3 )
FDX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 20.2
Current: 4.3

0
20.2
Yield on cost (5-Year) 1.09
FDX's Yield on cost (5-Year) is ranked lower than
52% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.22 vs. FDX: 1.09 )
FDX' s 10-Year Yield on cost (5-Year) Range
Min: 0.16   Max: 2.17
Current: 1.09

0.16
2.17
Share Buyback Rate -0.4
FDX's Share Buyback Rate is ranked higher than
53% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.00 vs. FDX: -0.4 )
FDX' s 10-Year Share Buyback Rate Range
Min: -0.2   Max: -0.8
Current: -0.4

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 8.5
FDX's Price/Net Current Asset Value is ranked higher than
72% of the 556 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 14.20 vs. FDX: 8.5 )
FDX' s 10-Year Price/Net Current Asset Value Range
Min: 5.2   Max: 12.3
Current: 8.5

5.2
12.3
Price/Tangible Book 2.6
FDX's Price/Tangible Book is ranked lower than
55% of the 771 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.00 vs. FDX: 2.6 )
FDX' s 10-Year Price/Tangible Book Range
Min: 1.7   Max: 5.5
Current: 2.6

1.7
5.5
Price/DCF (Projected) 1.8
FDX's Price/DCF (Projected) is ranked higher than
53% of the 285 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.40 vs. FDX: 1.8 )
FDX' s 10-Year Price/DCF (Projected) Range
Min: 2.3   Max: 113.2
Current: 1.8

2.3
113.2
Price/Median PS Value 0.9
FDX's Price/Median PS Value is ranked higher than
69% of the 805 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.00 vs. FDX: 0.9 )
FDX' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.4
Current: 0.9

0.6
1.4
Price/Peter Lynch Fair Value 1.3
FDX's Price/Peter Lynch Fair Value is ranked higher than
56% of the 151 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.20 vs. FDX: 1.3 )
FDX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1   Max: 2.3
Current: 1.3

1
2.3
Price/Graham Number 1.3
FDX's Price/Graham Number is ranked higher than
55% of the 603 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.00 vs. FDX: 1.3 )
FDX' s 10-Year Price/Graham Number Range
Min: 1.2   Max: 3.6
Current: 1.3

1.2
3.6
Earnings Yield (Greenblatt) 9.80
FDX's Earnings Yield (Greenblatt) is ranked higher than
84% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 5.00 vs. FDX: 9.80 )
FDX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.8   Max: 12.5
Current: 9.8

0.8
12.5
Forward Rate of Return (Yacktman) 14.82
FDX's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 952 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.00 vs. FDX: 14.82 )
FDX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15.6   Max: 23.8
Current: 14.82

-15.6
23.8

Business Description

FedEx Corporation was incorporated in Delaware on October 2, 1997. Through its holding company, it provides strategic direction to, and coordination of, the FedEx portfolio of companies. The Company intends to continue leveraging and extending the FedEx brand and providing its customers with convenient, seamless access to its entire portfolio of integrated services. It provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the respected FedEx brand. These companies are included in four business segments: Federal Express Corporation "FedEx Express"; FedEx Ground Package System, Inc. "FedEx Ground"; FedEx Freight, Inc. "FedEx Freight"; and FedEx Corporate Services, Inc. "FedEx Services". FedEx Express is the world's largest express transportation company, offering time-certain delivery within one to three business days and serving markets that comprise more than 90% of the world's gross domestic product. The FedEx Express segment also includes FedEx Trade Networks, Inc., which provides international trade services, specializing in customs brokerage and global ocean and air freight forwarding, and FedEx SupplyChain Systems, Inc., which offers a range of supply chain solutions. FedEx Ground is a provider of small-package ground delivery services. FedEx Ground provides low-cost, day-certain service to every business address in the United States and Canada, as well as residential delivery to nearly 100% of U.S. residences through its FedEx Home Delivery service. The FedEx Ground segment also includes FedEx SmartPost, Inc., which specializes in the consolidation and delivery of volumes of low-weight, less time-sensitive business-to-consumer packages using the U.S. Postal Service or Canada Post Corporation for final delivery to any residential address or PO Box in the United States and Canada. FedEx Freight is a U.S. provider of less-than-truckload ("LTL") freight services, offering: FedEx Freight Priority, when speed is critical to meet supply chain needs; and FedEx Freight Economy, for less time-sensitive shipping at a lower cost. The FedEx Freight segment also offers freight delivery service throughout Canada and Mexico and includes FedEx Custom Critical, Inc., North America's largest time-specific, critical shipment carrier. FedEx Services provides its other companies with sales, marketing and information technology support. The FedEx Services segment also includes FedEx TechConnect, Inc., which is responsible for customer service, billings and collections for its U.S. customers and offers technical support services, and FedEx Office and Print Services, Inc. ("FedEx Office"), which provides an array of document and business services and retail access to FedEx Express and FedEx Ground services.
Company Website
SEC Reports
Industry: Integrated Shipping & Logistics
Compare:UPS, DPSGY, KHNGY, LFUGY, CHRW
Traded in other countries:FDX.Germany

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