Professional
Added to YB: 2024-07-31
Pitch date: 2024-06-30
FDX [bullish]
FedEx Corporation
+28.75%
current return
Author Info
No bio for this author
Company Info
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally.
Market Cap
$71.9B
Pitch Price
$229.55
Price Target
N/A
Dividend
1.83%
EV/EBITDA
5.69
P/E
16.37
EV/Sales
1.07
Sector
Air Freight and Logistics
Category
special_situation
Longleaf Partners Fund Portfolio Holding: FedEx Corporation
FDX: Strong Q results w/ 19% EPS growth, narrowed EPS-FCF gap. Increased FCF led to significant share buybacks. Strategic review of Freight segment could unlock value, as comps like Old Dominion trade at higher multiples. Potential spin-off/sale. Cost mgmt impressive in challenging revenue environment. Underappreciated LTL ops value.
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