Markets

FedEx Corporation (FDX): Does This Move Make Any Sense At All ?

It is interesting to note that FedEx Corporation (NYSE:FDX) is active and made a solid movement in the last trading day. Now trading with a market value of 64.27B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.

FedEx Corporation (NYSE:FDX) Fundamentals That Matter

It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For FDX, the company currently has 2.77 billion of cash on the books, which is offset by 261 million in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 50.28 billion in total assets, balanced by 33.23 billion in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.

FedEx Corporation (FDX) saw -669 million in free cash flow last quarter, representing a quarterly net change in cash of -735 million. Perhaps most importantly where cash movements are concerned, the company saw about 908 million in net operating cash flow.



FedEx Corporation (NYSE:FDX) Revenue Growth Potential

As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 16.31 billion in total revenues. That represents a quarterly year/year change in revenues of 0.09 in sequential terms, the FDX saw sales decline by 0.07.

But what about the bottom line? After all, that’s what really matters in the end. FedEx Corporation (FDX) is intriguing when broken down to its core data. The cost of selling goods last quarter was 12.66 billion, yielding a gross basic income of 3.66 billion. For shareholders, given the total diluted outstanding shares of 272 million, this means overall earnings per share of 2.85. Note, this compares with a consensus analyst forecast of 3.03 in earnings per share for its next fiscal quarterly report.




Is FedEx Corporation (NYSE:FDX) Valuation Attractive

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 16.7 in total earnings per share. If we consider a median price to earnings ratio on the stock, that corresponds with a stock price of 14.29. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on FedEx Corporation.

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