Now trading at a price of $192.23, Old Dominion Freight Line has moved -1.0% so far today.
Old Dominion Freight Line returned losses of -9.1% last year, with its stock price reaching a high of $227.8 and a low of $165.49. Over the same period, the stock underperformed the S&P 500 index by -33.2%. AThe company's 50-day average price was $191.68. Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. Based in Thomasville, NC, the Large-Cap Industrials company has 22,796 full time employees. Old Dominion Freight Line has offered a 0.5% dividend yield over the last 12 months.
Growing Revenues and Healthy Leverage Levels:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $4,044 | $4,109 | $4,015 | $5,256 | $6,260 | $5,866 |
| Operating Margins | 20% | 20% | 23% | 26% | 28% | 28% |
| Net Margins | 15% | 15% | 17% | 20% | 22% | 21% |
| Net Income (M) | $606 | $616 | $673 | $1,034 | $1,377 | $1,240 |
| Net Interest Expense (M) | $0 | $0 | $3 | $2 | $2 | $0 |
| Depreciation & Amort. (M) | $230 | $254 | $261 | $260 | $276 | $324 |
| Diluted Shares (M) | 246 | 241 | 237 | 233 | 226 | 220 |
| Earnings Per Share | $2.46 | $2.55 | $2.84 | $4.44 | $6.09 | $5.63 |
| EPS Growth | n/a | 3.66% | 11.37% | 56.34% | 37.16% | -7.55% |
| Avg. Price | $94.13 | $104.08 | $166.32 | $269.98 | $284.27 | $191.38 |
| P/E Ratio | 19.21 | 20.57 | 29.54 | 30.51 | 23.71 | 16.98 |
| Free Cash Flow (M) | $312 | $505 | $708 | $663 | $916 | $812 |
| CAPEX (M) | $588 | $479 | $225 | $550 | $775 | $757 |
| EV / EBITDA | 10.97 | 11.48 | 16.76 | 18.9 | 15.39 | 10.54 |
| Total Debt (M) | $45 | $45 | $100 | $100 | $100 | $80 |
| Net Debt / EBITDA | -0.14 | -0.33 | -0.26 | -0.22 | -0.04 | -0.18 |
| Current Ratio | 1.98 | 2.37 | 3.33 | 2.98 | 1.76 | 2.1 |
Old Dominion Freight Line has growing revenues and increasing reinvestment in the business, strong operating margins with a positive growth rate, and generally positive cash flows. The company also benefits from an excellent current ratio of 2.1, a strong EPS growth trend, and healthy leverage levels.
Old Dominion Freight Line's P/B and P/E Ratios Are Higher Than Average:
Old Dominion Freight Line has a trailing twelve month P/E ratio of 32.8, compared to an average of 25.19 for the Industrials sector. Based on its EPS guidance of $6.63, the company has a forward P/E ratio of 28.9. Old Dominion Freight Line's PEG ratio is 2.78 on the basis of the 11.8% weighted average of the company and the broader market's EPS compound average growth rates. This suggests that the company's shares are overvalued. Furthermore, Old Dominion Freight Line is likely overvalued compared to the book value of its equity, since its P/B ratio of 10.04 is higher than the sector average of 3.17. The company's shares are currently trading 288.4% below their Graham number. Overall, Old Dominion Freight Line's lofty valuation in terms of earnings and assets is to some extent attenuated by its strong cash flow trend and reasonable levels of debt.
Old Dominion Freight Line Has an Average Rating of Buy:
The 18 analysts following Old Dominion Freight Line have set target prices ranging from $165.0 to $228.0 per share, for an average of $198.73 with a buy rating. The company is trading -3.3% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Old Dominion Freight Line has an average amount of shares sold short because 4.5% of the company's shares are sold short. Institutions own 79.8% of the company's shares, and the insider ownership rate stands at 10.1%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 10% stake in the company is worth $4,236,875,785.
