Projected Income Statement: FedEx Corporation

Forecast Balance Sheet: FedEx Corporation

Forecast Balance Sheet - FedEx Corporation
Fiscal Period: May 2022 2023 2024 2026 2027 2028 2029
Net Debt 1 13,367 13,756 13,702 12,403 12,899 10,469 9,994
Change - 2.91% -0.39% - 4% -18.84% -4.54%
Announcement Date 23/06/22 20/06/23 25/06/24 23/06/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: FedEx Corporation

Fiscal Period: May 2022 2023 2024 2026 2027 2028 2029
CAPEX 1 6,800 6,200 5,200 3,809 3,881 4,073 4,334
Change - -8.82% -16.13% - 1.9% 4.94% 6.41%
Free Cash Flow (FCF) 1 3,069 2,641 3,136 5,116 5,351 6,081 -
Change - -13.95% 18.74% - 4.6% 13.64% -100%
Announcement Date 23/06/22 20/06/23 25/06/24 23/06/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: FedEx Corporation

Fiscal Period: May 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 11.59% 10.59% 12% - 11.59% 11.22% 11.75% 11.95%
EBIT Margin (%) 7.34% 5.96% 7.12% - 6.98% 6.98% 7.51% 7.75%
EBT Margin (%) 5.24% 5.95% 6.65% - 6.12% 6.82% 7.21% 7.69%
Net margin (%) 4.09% 4.41% 4.94% - 4.68% 5.15% 5.65% 5.85%
FCF margin (%) 3.28% 2.93% 3.58% - 5.4% 5.63% 6.22% -
FCF / Net Income (%) 80.21% 66.49% 72.41% - 115.41% 109.23% 110.2% -

Profitability

        
ROA 6.52% 4.44% 5.14% - 5.19% 5.07% 5.57% 6.1%
ROE 22.41% 15.05% 16.69% - 16.2% 14.61% 15.08% 14.75%

Financial Health

        
Leverage (Debt/EBITDA) 1.23x 1.44x 1.3x - 1.13x 1.21x 0.91x 0.84x
Debt / Free cash flow 4.36x 5.21x 4.37x - 2.42x 2.41x 1.72x -

Capital Intensity

        
CAPEX / Current Assets (%) 7.27% 6.88% 5.93% - 4.02% 4.08% 4.17% 4.34%
CAPEX / EBITDA (%) 62.76% 64.93% 49.39% - 34.69% 36.38% 35.49% 36.34%
CAPEX / FCF (%) 221.57% 234.76% 165.82% - 74.45% 72.53% 66.98% -

Items per share

        
Cash flow per share 1 36.96 34.43 33.12 - 37.34 37.29 39.81 -
Change - -6.84% -3.83% - - -0.15% 6.77% -
Dividend per Share 1 3.4 5.86 5.16 - 5.57 5.774 6.459 6.92
Change - 72.35% -11.95% - - 3.66% 11.88% 7.13%
Book Value Per Share 1 93.76 101.9 109.9 - 132.4 154.7 169.6 184.8
Change - 8.69% 7.83% - - 16.83% 9.65% 8.97%
EPS 1 14.33 15.48 17.21 - 18.55 20.99 24.13 25.46
Change - 8.03% 11.18% - - 13.14% 14.97% 5.54%
Nbr of stocks (in thousands) 2,59,178 2,51,352 2,46,081 - 2,38,607 2,34,199 2,34,199 2,34,199
Announcement Date 23/06/22 20/06/23 25/06/24 - 23/06/26 - - -
1USD
Estimates
2027 *2028 *
P/E 14.8x 12.6x
PBR 2.16x 1.96x
EV / Sales 0.89x 0.84x
Yield 1.9% 2.07%

EPS & Dividend

EPS & Dividend - FedEx Corporation


Y-o-Y evolution of P/E

Valuation ratios - P/E - FedEx Corporation
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - FedEx Corporation
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - FedEx Corporation
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
304.58USD
Average target price
355.28USD
Spread / Average Target
+16.65%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - FedEx Corporation
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