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 3,858 4,042 4,378
Change - -8.82% -16.13% - 1.28% 4.78% 8.31%
Free Cash Flow (FCF) 1 3,069 2,641 3,136 5,116 5,318 5,975 -
Change - -13.95% 18.74% - 3.94% 12.37% -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% 11.37% 11.96% 11.98%
EBIT Margin (%) 7.34% 5.96% 7.12% - 6.98% 7.04% 7.66% 7.66%
EBT Margin (%) 5.24% 5.95% 6.65% - 6.12% 6.7% 7.45% 7.7%
Net margin (%) 4.09% 4.41% 4.94% - 4.68% 5.04% 5.73% 5.83%
FCF margin (%) 3.28% 2.93% 3.58% - 5.4% 5.61% 6.14% -
FCF / Net Income (%) 80.21% 66.49% 72.41% - 115.41% 111.46% 107.19% -

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% 15.31% 16.06% 15.4%

Financial Health

        
Leverage (Debt/EBITDA) 1.23x 1.44x 1.3x - 1.13x 1.2x 0.9x 0.84x
Debt / Free cash flow 4.36x 5.21x 4.37x - 2.42x 2.43x 1.75x -

Capital Intensity

        
CAPEX / Current Assets (%) 7.27% 6.88% 5.93% - 4.02% 4.07% 4.16% 4.39%
CAPEX / EBITDA (%) 62.76% 64.93% 49.39% - 34.69% 35.82% 34.76% 36.62%
CAPEX / FCF (%) 221.57% 234.76% 165.82% - 74.45% 72.55% 67.65% -

Items per share

        
Cash flow per share 1 36.96 34.43 33.12 - 37.34 - - -
Change - -6.84% -3.83% - - - - -
Dividend per Share 1 3.4 5.86 5.16 - 5.57 5.841 6.371 5.65
Change - 72.35% -11.95% - - 4.87% 9.06% -11.31%
Book Value Per Share 1 93.76 101.9 109.9 - 132.4 139 155.2 -
Change - 8.69% 7.83% - - 4.94% 11.72% -
EPS 1 14.33 15.48 17.21 - 18.55 20.39 24.23 25.46
Change - 8.03% 11.18% - - 9.91% 18.86% 5.09%
Nbr of stocks (in thousands) 259,178 251,352 246,081 - 238,607 236,670 236,670 236,670
Announcement Date 23/06/22 20/06/23 25/06/24 - 23/06/26 - - -
1USD
Estimates
2027 *2028 *
P/E 14.2x 11.9x
PBR 2.08x 1.86x
EV / Sales 0.86x 0.81x
Yield 2.02% 2.2%

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
BBB
Ratings Surperformance© - FedEx Corporation
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
28
Last Close Price
289.04USD
Average target price
355.50USD
Spread / Average Target
+22.99%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - FedEx Corporation
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