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FedEx (STU:FDX) Cyclically Adjusted Price-to-FCF : 48.92 (As of May. 19, 2024)


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What is FedEx Cyclically Adjusted Price-to-FCF?

As of today (2024-05-19), FedEx's current share price is €236.30. FedEx's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was €4.83. FedEx's Cyclically Adjusted Price-to-FCF for today is 48.92.

The historical rank and industry rank for FedEx's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:FDX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 32.11   Med: 69.53   Max: 210.03
Current: 49.21

During the past years, FedEx's highest Cyclically Adjusted Price-to-FCF was 210.03. The lowest was 32.11. And the median was 69.53.

STU:FDX's Cyclically Adjusted Price-to-FCF is ranked worse than
80.71% of 425 companies
in the Transportation industry
Industry Median: 18.25 vs STU:FDX: 49.21

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

FedEx's adjusted free cash flow per share data for the three months ended in Feb. 2024 was €0.857. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €4.83 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


FedEx Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for FedEx's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FedEx Cyclically Adjusted Price-to-FCF Chart

FedEx Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 92.35 103.74 115.57 58.83 48.51

FedEx Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.66 48.51 54.84 50.49 47.62

Competitive Comparison of FedEx's Cyclically Adjusted Price-to-FCF

For the Integrated Freight & Logistics subindustry, FedEx's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FedEx's Cyclically Adjusted Price-to-FCF Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FedEx's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where FedEx's Cyclically Adjusted Price-to-FCF falls into.



FedEx Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

FedEx's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=236.30/4.83
=48.92

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FedEx's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, FedEx's adjusted Free Cash Flow per Share data for the three months ended in Feb. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.857/130.9299*130.9299
=0.857

Current CPI (Feb. 2024) = 130.9299.

FedEx Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 1.745 100.373 2.276
201408 0.681 100.352 0.889
201411 -0.003 99.635 -0.004
201502 0.746 99.032 0.986
201505 1.623 100.333 2.118
201508 0.100 100.548 0.130
201511 -0.461 100.135 -0.603
201602 1.122 100.040 1.468
201605 2.124 101.355 2.744
201608 -0.809 101.617 -1.042
201611 0.680 101.829 0.874
201702 -3.808 102.779 -4.851
201705 3.214 103.256 4.075
201708 -1.414 103.587 -1.787
201711 -2.096 104.072 -2.637
201802 -5.071 105.052 -6.320
201805 5.732 106.148 7.070
201808 -1.539 106.383 -1.894
201811 0.076 106.338 0.094
201902 0.070 106.649 0.086
201905 1.901 108.048 2.304
201908 -2.927 108.245 -3.540
201911 -1.171 108.519 -1.413
202002 -0.823 109.139 -0.987
202005 2.296 108.175 2.779
202008 3.942 109.662 4.707
202011 3.702 109.793 4.415
202102 2.407 110.968 2.840
202105 3.222 113.576 3.714
202108 1.612 115.421 1.829
202111 1.389 117.269 1.551
202202 3.364 119.703 3.680
202205 4.068 123.323 4.319
202208 1.217 124.958 1.275
202211 -1.303 125.607 -1.358
202302 3.684 126.928 3.800
202305 6.156 128.314 6.281
202308 3.394 129.538 3.430
202311 1.713 129.548 1.731
202402 0.857 130.930 0.857

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


FedEx  (STU:FDX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


FedEx Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of FedEx's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


FedEx (STU:FDX) Business Description

Industry
Address
942 South Shady Grove Road, Memphis, TN, USA, 38120
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.

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