--- title: FedEx (FDX) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/fdx ticker: FDX as_of: 2026-10-17 sector: Industrials industry: Integrated Freight & Logistics --- # FedEx (FDX) FedEx (FDX) closed at $293.55 on Oct 16, 2026, overvalued by 55% vs its model value of $189.42 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $293.55 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $189.42 | | Price vs model | overvalued by 55% vs model | | Range of that model | $116.76 – $408.48 | | Market value | $69.5B | | P/E (fiscal 2026) | 15.8 | | Net margin (fiscal 2026) | 4.7% | | Free cash flow (fiscal 2026) | $5.1B | | Dividend yield (trailing twelve months) | 1.63% | | Beta | 1.33 | | Cost of capital (WACC) | 8.45% | | Business classification | Cyclical (Low/slowing growth (~4% recent), Thin margins (4.7% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (7.4%)) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 1.63% | | Dividends per share, last 12 months | $4.78 | | Dividends / free cash flow (fiscal 2026) | 26.9% | | Raised | 5 years in a row | | Growth over 5 years | 16.2% a year | | Latest payment | $1.22, ex-date Sep 14, 2026, paid Oct 1, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 2, 2021 | $2.25 | | To Sep 1, 2022 | $3.06 | | To Sep 8, 2023 | $3.88 | | To Sep 9, 2024 | $4.25 | | To Sep 8, 2025 | $4.55 | | Trailing twelve months (to Sep 14, 2026) | $4.78 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $189.42 | $116.76 | $408.48 | | DCF · Perpetuity growth · 10y | cross check | $208.42 | $133.57 | $430.12 | | DCF · EBITDA exit · 5y | cross check | $461.69 | $300.46 | $651.90 | | DCF · EBITDA exit · 10y | cross check | $417.78 | $262.90 | $625.93 | | P/E · peers | cross check | $582.96 | $291.73 | $874.20 | | P/E · own history | cross check | $230.02 | $196.12 | $248.64 | | PEG | sanity check | $201.19 | $201.19 | $201.19 | | EV/EBITDA · peers | cross check | $515.16 | $301.50 | $728.82 | | EV/Revenue · peers | cross check | $387.83 | $210.99 | $564.68 | | Earnings power value | cross check | $77.12 | $57.67 | $104.95 | | Dividend discount | cross check | $104.39 | $75.49 | $143.64 | ## Insider activity (SEC Form 4) No open-market insider buys or sales filed in the past 90 days. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 24, 2026 | Ramo Joshua Cooper | Director | Option/RSU exercise | 5,042 | $0 | | Sep 24, 2026 | Ramo Joshua Cooper | Director | Tax withholding | 2,436 | $695,246.6 | | Sep 24, 2026 | Ramo Joshua Cooper | Director | Option/RSU exercise | 5,042 | $695,039.7 | | Aug 28, 2026 | Ellison Marvin R | Director | Option/RSU exercise | 5,042 | $695,039.7 | | Aug 28, 2026 | Ellison Marvin R | Director | Tax withholding | 2,097 | $695,040.2 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 29, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote; 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1048911/000110465926111970/tm2626524d1_8k.htm | | Sep 14, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1048911/000110465926107511/tm2625313d1_8k.htm | | Sep 11, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1048911/000110465926107096/tm2624915-2_424b5.htm | | Sep 11, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1048911/000110465926107077/tm2624908-2_424b5.htm | | Aug 17, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/1048911/000110465926097845/tm2617164d3_ars.pdf | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Dodge & Cox | 2026-06-30 | 7,233,269 | $2.3B | | Gates | 2026-06-30 | 2,384,362 | $746.6M | | Viking Global | 2026-06-30 | 2,151,983 | $673.9M | | Mason Hawkins | 2026-06-30 | 194,828 | $61.0M | 9 tracked managers in all. ## About FedEx Corporation is a prominent global entity that delivers an extensive array of services encompassing transportation, e-commerce solutions, and diverse business support, catering to clients both within the United States and across international borders. Its operational structure is divided into several key segments: The FedEx Express division specializes in expedited shipping, offering rapid package and freight delivery, crucial time-sensitive logistics, and comprehensive cross-border, technological, and e-commerce transportation services. FedEx Ground focuses on reliable, scheduled delivery services for both commercial clients and individual households. The FedEx Freight unit manages less-than-truckload (LTL) cargo shipments, supported by a significant infrastructure that, as of May 31, 2022, included approximately 30,000 vehicles and 400 service centers. FedEx Services provides esse… --- Source: https://sweetvaluelab.com/stocks/fdx (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.