(EXPD) Expeditors International of - Overview
Sector: Industrials | Industry: Integrated Freight & Logistics | Exchange: NYSE (USA) | Market Cap: 20.343m USD | Total Return: 36.8% in 12m
Industry Rotation: -2.0
Avg Turnover: 152M
EPS Trend: -2.6%
Qual. Beats: 1
Rev. Trend: -34.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Shakeout, Confidence
Expeditors International of Washington, Inc. is a global logistics provider specializing in air and ocean freight forwarding, customs brokerage, and supply chain management. Headquartered in Bellevue, Washington, the company operates an asset-light business model, meaning it does not own the aircraft or ships used for transport, but instead purchases cargo space from carriers to resell to customers.
The company’s service suite includes trade compliance consulting, warehousing, distribution, and specialized cargo monitoring across major international trade lanes. In the Air Freight & Logistics sector, firms like Expeditors act as vital intermediaries, leveraging high-volume purchasing power to manage complex multi-modal transportation requirements for global shippers. Investors can find additional data and valuation metrics on ValueRay to further their analysis. Founded in 1979, the firm maintains a significant presence in North Asia, Europe, and the Middle East.
- Global air and ocean freight volume fluctuations dictate core transaction revenue
- Buy-sell spread on freight capacity determines net investment income margins
- Trade policy shifts and customs regulatory changes impact brokerage service demand
- Global manufacturing output and inventory restocking cycles drive logistics service utilization
- Labor costs and information technology investment requirements pressure operating income margins
| Net Income: 836.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.19 > 0.02 and ΔFCF/TA 3.16 > 1.0 |
| NWC/Revenue: 14.40% < 20% (prev 14.92%; Δ -0.52% < -1%) |
| CFO/TA 0.20 > 3% & CFO 973.1m > Net Income 836.6m |
| Net Debt (-751.5m) to EBITDA (1.17b): -0.64 < 3 |
| Current Ratio: 1.79 > 1.5 & < 3 |
| Outstanding Shares: last quarter (134.1m) vs 12m ago -3.15% < -2% |
| Gross Margin: 20.23% > 18% (prev 0.13%; Δ 2.01k% > 0.5%) |
| Asset Turnover: 234.5% > 50% (prev 232.5%; Δ 2.02% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.34 (Total Current Assets 3.65b - Total Current Liabilities 2.04b) / Total Assets 4.78b |
| B: 0.52 (Retained Earnings 2.48b / Total Assets 4.78b) |
| C: 0.23 (EBIT TTM 1.11b / Avg Total Assets 4.77b) |
| D: 0.92 (Book Value of Equity 2.28b / Total Liabilities 2.50b) |
| Altman-Z'' Score: 6.42 = AAA |
| DSRI: 1.07 (Receivables 2.06b/1.90b, Revenue 11.19b/11.06b) |
| GMI: 0.63 (GM 20.23% / 12.82%) |
| AQI: 1.36 (AQ_t 0.03 / AQ_t-1 0.02) |
| SGI: 1.01 (Revenue 11.19b / 11.06b) |
| TATA: -0.03 (NI 836.6m - CFO 973.1m) / TA 4.78b) |
| Beneish M-Score: -3.11 (Cap -4..+1) = AA |
Over the past week, the price has changed by -0.79%, over one month by +7.94%, over three months by +5.63% and over the past year by +36.82%.
- StrongBuy: 0
- Buy: 0
- Hold: 10
- Sell: 3
- StrongSell: 3
| Analysts Target Price | 147.1 | -5.4% |
P/E Forward = 24.7525
P/S = 1.8187
P/B = 8.9713
P/EG = 3.6031
Revenue TTM = 11.19b USD
EBIT TTM = 1.11b USD
EBITDA TTM = 1.17b USD
Long Term Debt = 570.6m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 113.8m USD (from shortTermDebt, last quarter)
Debt = 684.4m USD (corrected: LT Debt 570.6m + ST Debt 113.8m)
Net Debt = -751.5m USD (from netDebt column, last quarter)
Enterprise Value = 19.71b USD (20.34b + Debt 684.4m - CCE 1.32b)
Interest Coverage Ratio = unknown (Ebit TTM 1.11b / Interest Expense TTM 0.0)
EV/FCF = 21.41x (Enterprise Value 19.71b / FCF TTM 920.6m)
FCF Yield = 4.67% (FCF TTM 920.6m / Enterprise Value 19.71b)
FCF Margin = 8.23% (FCF TTM 920.6m / Revenue TTM 11.19b)
Net Margin = 7.48% (Net Income TTM 836.6m / Revenue TTM 11.19b)
Gross Margin = 20.23% ((Revenue TTM 11.19b - Cost of Revenue TTM 8.92b) / Revenue TTM)
Gross Margin QoQ = 34.92% (prev 14.47%)
Tobins Q-Ratio = 4.12 (Enterprise Value 19.71b / Total Assets 4.78b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 684.4m)
Taxrate = 24.94% (76.4m / 306.5m)
NOPAT = 832.9m (EBIT 1.11b * (1 - 24.94%))
Current Ratio = 1.79 (Total Current Assets 3.65b / Total Current Liabilities 2.04b)
Debt / Equity = 0.30 (Debt 684.4m / totalStockholderEquity, last quarter 2.28b)
Debt / EBITDA = -0.64 (Net Debt -751.5m / EBITDA 1.17b)
Debt / FCF = -0.82 (Net Debt -751.5m / FCF TTM 920.6m)
Total Stockholder Equity = 2.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.54% (Net Income 836.6m / Total Assets 4.78b)
RoE = 36.71% (Net Income TTM 836.6m / Total Stockholder Equity 2.28b)
RoCE = 38.94% (EBIT 1.11b / Capital Employed (Equity 2.28b + L.T.Debt 570.6m))
RoIC = 36.58% (NOPAT 832.9m / Invested Capital 2.28b)
WACC = 7.53% (E(20.34b)/V(21.03b) * Re(7.78%) + D(684.4m)/V(21.03b) * Rd(0.0%) * (1-Tc(0.25)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: -100.00 | Cagr: -3.68%
[DCF] Terminal Value 78.87% ; FCFF base≈858.6m ; Y1≈779.9m ; Y5≈682.6m
[DCF] Fair Price = 110.5 (EV 13.70b - Net Debt -751.5m = Equity 14.45b / Shares 130.8m; r=7.53% [WACC]; 5y FCF grow -11.42% → 3.0% )
EPS Correlation: -2.56 | EPS CAGR: -7.28% | SUE: 3.47 | # QB: 1
Revenue Correlation: -34.14 | Revenue CAGR: -12.56% | SUE: 0.98 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.64 | Chg30d=+11.65% | Revisions=+57% | Analysts=12
EPS next Quarter (2026-09-30): EPS=1.79 | Chg30d=+7.53% | Revisions=+62% | Analysts=12
EPS current Year (2026-12-31): EPS=6.76 | Chg30d=+11.46% | Revisions=+73% | GrowthEPS=+13.6% | GrowthRev=+4.8%
EPS next Year (2027-12-31): EPS=6.92 | Chg30d=+6.06% | Revisions=+76% | GrowthEPS=+2.3% | GrowthRev=+3.3%
[Analyst] Revisions Ratio: +76%