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FedEx (FDX) Cyclically Adjusted Price-to-FCF : 51.42 (As of Apr. 27, 2024)


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What is FedEx Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), FedEx's current share price is $265.84. FedEx's Cyclically Adjusted FCF per Share for the quarter that ended in Feb. 2024 was $5.17. FedEx's Cyclically Adjusted Price-to-FCF for today is 51.42.

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

FDX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 31.4   Med: 69.53   Max: 210.03
Current: 51.43

During the past years, FedEx's highest Cyclically Adjusted Price-to-FCF was 210.03. The lowest was 31.40. And the median was 69.53.

FDX's Cyclically Adjusted Price-to-FCF is ranked worse than
81.71% of 410 companies
in the Transportation industry
Industry Median: 17.605 vs FDX: 51.43

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 $0.924. 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 $5.17 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 48.17

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
=265.84/5.17
=51.42

* 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)
=0.924/129.4194*129.4194
=0.924

Current CPI (Feb. 2024) = 129.4194.

FedEx Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201405 2.397 100.373 3.091
201408 0.907 100.352 1.170
201411 -0.003 99.635 -0.004
201502 0.847 99.032 1.107
201505 1.813 100.333 2.339
201508 0.112 100.548 0.144
201511 -0.495 100.135 -0.640
201602 1.244 100.040 1.609
201605 2.403 101.355 3.068
201608 -0.907 101.617 -1.155
201611 0.733 101.829 0.932
201702 -4.055 102.779 -5.106
201705 3.552 103.256 4.452
201708 -1.669 103.587 -2.085
201711 -2.460 104.072 -3.059
201802 -6.260 105.052 -7.712
201805 6.776 106.148 8.262
201808 -1.777 106.383 -2.162
201811 0.086 106.338 0.105
201902 0.080 106.649 0.097
201905 2.126 108.048 2.547
201908 -3.256 108.245 -3.893
201911 -1.294 108.519 -1.543
202002 -0.897 109.139 -1.064
202005 2.504 108.175 2.996
202008 4.665 109.662 5.505
202011 4.375 109.793 5.157
202102 2.911 110.968 3.395
202105 3.915 113.576 4.461
202108 1.897 115.421 2.127
202111 1.586 117.269 1.750
202202 3.819 119.703 4.129
202205 4.300 123.323 4.513
202208 1.233 124.958 1.277
202211 -1.328 125.607 -1.368
202302 3.945 126.928 4.022
202305 6.692 128.314 6.750
202308 3.701 129.538 3.698
202311 1.854 129.548 1.852
202402 0.924 129.419 0.924

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  (NYSE: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 (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.
Executives
John W Dietrich officer: EVP CHIEF FINANCIAL OFF
Amy B Lane director 1626 EAST JEFFERSON ST, ROCKVILLE MD 20852
Erwin Guy M Ii officer: STAFF VP INT PRIN ACCT OFFICER 942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Jennifer L Johnson officer: CVP PRIN ACCT OFFICER 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Michael C. Lenz officer: EVP CHIEF FINANCIAL OFF 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
Robert B Carter officer: EVP CHIEF INFO OFFICER 942 S SHADY GROVE RD, MEMPHIS TN 38120
Tracy B Brightman officer: EVP - Chief People Officer 942 S SHADY GROVE ROAD, MEMPHIS TN 38120
Stephen E Gorman director 370 KNOLLWOOD STREET, SUITE 500, WINSTON SALEM NC 27103
Susan C Schwab director 2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Richard W Smith officer: President/CEO FedEx Express 3610 HACKS CROSS ROAD, BUILDING A 3RD FLOOR, MEMPHIS TN 38125
Frederick W Smith director, officer: CHAIRMAN OF THE BOARD 942 S SHADY GROVE RD, MEMPHIS TN 38120
Brie Carere officer: EVP/Chief Mkt & Comm Officer 942 S. SHADY GROVE ROAD, MEMPHIS TN 38120
David P Steiner director 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
R Brad Martin director
Paul S Walsh director 8 HENRIETTA PLACE, LONDON X0 94111

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