EXPEDITORS INTERNATIONAL OF WASHINGTON INC. Financials Expeditors International of Washington Inc.
Equities
EXPD
US3021301094
Air Freight & Logistics
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 113.3 USD | +0.13% |
|
-1.14% | -10.93% |
| Apr. 16 | Transcript : Expeditors International of Washington, Inc. - Special Call | |
| Apr. 16 | Transcript : Expeditors International of Washington, Inc. - Special Call |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,287 | 16,099 | 22,749 | 16,537 | 18,494 | 16,075 | - | - |
| Enterprise Value (EV) 1 | 12,056 | 14,571 | 21,021 | 15,022 | 17,508 | 14,942 | 14,821 | 14,923 |
| P/E ratio | 23 x | 23.4 x | 16.2 x | 12.6 x | 25.4 x | 24.2 x | 22.5 x | 21.9 x |
| Yield | 1.28% | 1.09% | 0.86% | 1.29% | 1.08% | 1.22% | 1.28% | 1.69% |
| Capitalization / Revenue | 1.63 x | 1.59 x | 1.38 x | 0.97 x | 1.99 x | 1.79 x | 1.71 x | 1.65 x |
| EV / Revenue | 1.47 x | 1.44 x | 1.27 x | 0.88 x | 1.88 x | 1.66 x | 1.57 x | 1.53 x |
| EV / EBITDA | 14.7 x | 14.6 x | 10.7 x | 7.98 x | 17.4 x | 16 x | 15 x | 14.5 x |
| EV / FCF | 16.6 x | 24 x | 25.3 x | 7.35 x | 17.3 x | 20.9 x | 21.4 x | 23.2 x |
| FCF Yield | 6.01% | 4.17% | 3.96% | 13.6% | 5.79% | 4.78% | 4.66% | 4.31% |
| Price to Book | 6.03 x | 6.05 x | 6.43 x | 5.16 x | 7.66 x | 7.01 x | 6.84 x | 6.45 x |
| Nbr of stocks (in thousands) | 170,301 | 169,266 | 169,404 | 159,136 | 145,389 | 141,883 | - | - |
| Reference price 2 | 78.02 | 95.11 | 134.3 | 103.9 | 127.2 | 113.3 | 113.3 | 113.3 |
| Announcement Date | 2/18/20 | 2/16/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,175 | 10,116 | 16,524 | 17,071 | 9,300 | 9,003 | 9,421 | 9,753 |
| EBITDA 1 | 817.6 | 997.4 | 1,961 | 1,882 | 1,008 | 931.3 | 989.7 | 1,029 |
| EBIT 1 | 766.7 | 940.4 | 1,909 | 1,824 | 939.9 | 845.1 | 891.7 | 911.7 |
| Operating Margin | 9.38% | 9.3% | 11.56% | 10.69% | 10.11% | 9.39% | 9.46% | 9.35% |
| Earnings before Tax (EBT) 1 | 795.8 | 956.6 | 1,925 | 1,836 | 1,015 | 913.8 | 950.6 | 967 |
| Net income 1 | 590.4 | 696.1 | 1,415 | 1,357 | 752.9 | 665.5 | 692.8 | 689.3 |
| Net margin | 7.22% | 6.88% | 8.57% | 7.95% | 8.1% | 7.39% | 7.35% | 7.07% |
| EPS 2 | 3.390 | 4.070 | 8.270 | 8.260 | 5.010 | 4.672 | 5.039 | 5.180 |
| Free Cash Flow 1 | 724.9 | 607.5 | 832.2 | 2,043 | 1,014 | 714 | 691.3 | 643 |
| FCF margin | 8.87% | 6% | 5.04% | 11.97% | 10.9% | 7.93% | 7.34% | 6.59% |
| FCF Conversion (EBITDA) | 88.66% | 60.91% | 42.45% | 108.56% | 100.61% | 76.67% | 69.85% | 62.5% |
| FCF Conversion (Net income) | 122.78% | 87.26% | 58.8% | 150.5% | 134.67% | 107.29% | 99.78% | 93.28% |
| Dividend per Share 2 | 1.000 | 1.040 | 1.160 | 1.340 | 1.380 | 1.387 | 1.452 | 1.910 |
| Announcement Date | 2/18/20 | 2/16/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,319 | 5,396 | 4,664 | 4,603 | 4,362 | 3,442 | 2,593 | 2,240 | 2,190 | 2,278 | 2,232 | 2,240 | 2,274 | 2,401 |
| EBITDA 1 | 502.4 | 636.4 | 474.7 | 520.2 | 542.1 | 344.6 | 291.2 | 264 | 231.7 | 220.8 | 208.8 | 226 | 235.4 | 242.5 |
| EBIT 1 | 489.6 | 623.5 | 461.8 | 506 | 526.9 | 329.7 | 276 | 248.5 | 216.1 | 199.4 | 196.1 | 209.2 | 220.2 | 224.7 |
| Operating Margin | 11.34% | 11.55% | 9.9% | 10.99% | 12.08% | 9.58% | 10.64% | 11.09% | 9.87% | 8.75% | 8.78% | 9.34% | 9.68% | 9.36% |
| Earnings before Tax (EBT) 1 | 492.8 | 625.8 | 471.2 | 508.8 | 534.9 | 321 | 300.6 | 266.2 | 231.9 | 216.4 | 207.3 | 223.8 | 235.7 | 240.2 |
| Net income 1 | 359.1 | 452.8 | 346.1 | 377.8 | 414.2 | 219.3 | 226 | 196.8 | 171.4 | 158.7 | 153.3 | 165.6 | 173.4 | 177.2 |
| Net margin | 8.31% | 8.39% | 7.42% | 8.21% | 9.5% | 6.37% | 8.72% | 8.79% | 7.82% | 6.97% | 6.87% | 7.39% | 7.63% | 7.38% |
| EPS 2 | 2.090 | 2.660 | 2.070 | 2.270 | 2.540 | 1.380 | 1.470 | 1.300 | 1.160 | 1.090 | 1.070 | 1.149 | 1.237 | 1.267 |
| Dividend per Share 2 | - | 0.5800 | - | 0.6700 | - | 0.6700 | - | 0.6900 | - | 0.6900 | 0.1561 | 0.5111 | 0.1561 | 0.5111 |
| Announcement Date | 11/2/21 | 2/22/22 | 5/3/22 | 8/2/22 | 11/8/22 | 2/21/23 | 5/2/23 | 8/8/23 | 11/7/23 | 2/20/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 1,230 | 1,528 | 1,729 | 1,516 | 985 | 1,134 | 1,254 | 1,152 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 725 | 607 | 832 | 2,043 | 1,014 | 714 | 691 | 643 |
| ROE (net income / shareholders' equity) | 28.2% | 28.7% | 46% | 41.1% | 27.4% | 29.6% | 32% | 28% |
| ROA (Net income/ Total Assets) | 16.9% | 16.2% | 22.6% | 20.6% | 14.9% | 16% | 16.9% | 16.3% |
| Assets 1 | 3,503 | 4,310 | 6,269 | 6,600 | 5,057 | 4,164 | 4,108 | 4,229 |
| Book Value Per Share 2 | 12.90 | 15.70 | 20.90 | 20.20 | 16.60 | 16.20 | 16.60 | 17.60 |
| Cash Flow per Share 2 | 4.430 | 3.830 | 5.070 | 13.00 | 7.010 | 5.810 | 5.610 | - |
| Capex 1 | 47 | 47.5 | 36.2 | 86.8 | 39.3 | 52.5 | 54 | 59 |
| Capex / Sales | 0.58% | 0.47% | 0.22% | 0.51% | 0.42% | 0.58% | 0.57% | 0.6% |
| Announcement Date | 2/18/20 | 2/16/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
17
Last Close Price
113.3
USD
Average target price
106.7
USD
Spread / Average Target
-5.80%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -10.93% | 16.08B | |
| -6.13% | 126B | |
| +5.09% | 65.42B | |
| -13.41% | 48.51B | |
| +22.81% | 8.2B | |
| -59.73% | 7.17B | |
| -10.03% | 7.24B | |
| -17.41% | 6.03B | |
| +30.89% | 5.68B | |
| -20.63% | 4.51B |
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- Financials Expeditors International of Washington Inc.
