---
title: FedEx Freight (FDXF) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/fdxf
ticker: FDXF
as_of: 2026-10-17
sector: Industrials
industry: Integrated Freight & Logistics
---
# FedEx Freight (FDXF)

FedEx Freight (FDXF) closed at $113.21 on Oct 16, 2026, undervalued by 41% vs its model value of $192.32 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $113.21 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $192.32 |
| Price vs model | undervalued by 41% vs model |
| Range of that model | $90.56 – $389.54 |
| Market value | $16.9B |
| P/E (fiscal 2026) | 25.8 |
| Net margin (fiscal 2026) | 7.4% |
| Free cash flow (fiscal 2026) | -$212.0M |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | -7.34 |
| Cost of capital (WACC) | 5.79% |
| Business classification | Cyclical (Revenue declining (~-3% recent), Moderate margins (7% net margin), High leverage (D/E 5.0x), Negative free cash flow) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Near 52-week lows | #22 | +4.2% | https://sweetvaluelab.com/lists/near-52-week-lows |

## 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 | $192.32 | $90.56 | $389.54 |
| DCF · Perpetuity growth · 10y | cross check | $213.59 | $105.08 | $442.59 |
| DCF · EBITDA exit · 5y | cross check | $173.77 | $115.36 | $242.79 |
| DCF · EBITDA exit · 10y | cross check | $194.78 | $125.81 | $287.42 |
| P/E · peers | cross check | $148.66 | $136.79 | $185.68 |
| P/E · own history | cross check | $0.00 | $0.00 | $0.00 |
| PEG | sanity check | $37.34 | $37.34 | $37.34 |
| EV/EBITDA · peers | cross check | $100.74 | $74.53 | $108.37 |
| EV/Revenue · peers | cross check | $196.30 | $185.79 | $231.19 |
| Earnings power value | cross check | $72.41 | $51.29 | $108.30 |
| Dividend discount | cross check | $10.30 | $6.18 | $23.74 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 7, 2026 | Witt Marshall | EVP - Chief Financial Officer | Grant / award | 20,723 | $0 |
| Jun 1, 2026 | Smith Samantha M | Director | Grant / award | 83,791 | $0 |
| Jun 1, 2026 | Smith Samantha M | Director | Grant / award | 39,705 | $0 |
| Jun 1, 2026 | Smith Samantha M | Director | Grant / award | 162,481 | $0 |
| Jun 1, 2026 | King Robert A | Director | Grant / award | 8,189 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 2, 2026 | 8-K | 5.08 Shareholder Director Nominations; 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/2082247/000110465926113295/tm2626881d1_8k.htm |
| Sep 2, 2026 | 8-K | 8.01 Other Events | https://www.sec.gov/Archives/edgar/data/2082247/000110465926104793/tm2624680d1_8k.htm |
| Aug 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2082247/000162828026054314/fdxf-20260806.htm |
| Aug 5, 2026 | 10-K | Annual report | https://www.sec.gov/Archives/edgar/data/2082247/000162828026053359/fdxf-20260531.htm |
| Jun 26, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/2082247/000110465926078270/tm2619027d1_8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 7,182,771 | $1.1B |
| Viking Global | 2026-06-30 | 2,366,634 | $357.4M |
| Gates | 2026-06-30 | 1,192,181 | $180.0M |
| John Rogers | 2026-06-30 | 47,734 | $7.2M |

5 tracked managers in all.

## About

FedEx Freight Holding Company, Inc. specializes in transporting less-than-truckload (LTL) cargo across the United States, Canada, Mexico, Puerto Rico, and the U.S. Virgin Islands. The company provides a diverse array of services, enabling customers to efficiently balance transit times with budgetary needs. Following its separation from FedEx Corporation, it now operates as an independent and publicly traded entity.

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Source: https://sweetvaluelab.com/stocks/fdxf (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.