What does FedEx do?
FedEx is mainly a package delivery company founded in 1971. FedEx today is best known for its air delivery service, FedEx Express. The company is famous for overnight shipping services & pioneering a system that could track packages & provide real-time updates on package location.
Who founded the company?
The company was founded by Frederick Smith in 1971 as a graduate of Yale University. He came up with this delivery system idea & presented it to his professor at university, but his professor didn’t think this idea would work. Smith began his formal operations in 1973 & after a decade in 1983, the company recorded $1 billion in revenue.
How much money do they make?
Over the past couple of years, the company has increased its revenue from $69 billion to $94 billion. The net profit of the company for FY2023 is around $4 billion. The company’s free cash flow is $2.6 billion for FY2023.
How much assets, debt & equity do they have?
When we look into the financial position of the company the company has total assets of $87 billion & $61 billion in liabilities. The shareholders’ equity is $26 billion.
What is the share price?
The FDX share is currently trading for $258 per share & the EPS for the last twelve months is $17.34 which gives a PE of 15. The company has paid $5.04 as dividends, a dividend yield of 2%. Over the last 20 years, FedEx has paid consistent dividends for its shareholders & they have increased the dividend payout year after year.
Who owns the company?
Vanguard Group is the largest shareholder of the company and they own 8.07% of the company. The company is run by Raj Subramanian who is the CEO of the company.
