Now trading at a price of $164.14, Old Dominion Freight Line has moved -0.1% so far today.
Old Dominion Freight Line returned losses of -19.9% last year, with its stock price reaching a high of $233.26 and a low of $144.9. Over the same period, the stock underperformed the S&P 500 index by -37.4%. AThe company's 50-day average price was $163.89. 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 21,817 full time employees. Old Dominion Freight Line has offered a 0.6% dividend yield over the last 12 months.
Growing Revenues but an Average Current Ratio:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $4,109 | $4,015 | $5,256 | $6,260 | $5,866 | $5,815 |
| Operating Margins | 20% | 23% | 26% | 28% | 28% | 27% |
| Net Margins | 15% | 17% | 20% | 22% | 21% | 20% |
| Net Income (M) | $616 | $673 | $1,034 | $1,377 | $1,240 | $1,186 |
| Net Interest Expense (M) | $0 | $3 | $2 | $2 | $0 | $0 |
| Depreciation & Amort. (M) | $254 | $261 | $260 | $276 | $324 | $344 |
| Diluted Shares (M) | 181 | 178 | 175 | 226 | 220 | 216 |
| Earnings Per Share | $3.4 | $3.78 | $5.92 | $6.09 | $5.63 | $5.48 |
| EPS Growth | n/a | 11.18% | 56.61% | 2.87% | -7.55% | -2.66% |
| Avg. Price | $104.08 | $166.32 | $269.98 | $284.27 | $394.09 | $164.32 |
| P/E Ratio | 41.14 | 59.19 | 61.08 | 47.46 | 70.0 | 30.15 |
| Free Cash Flow (M) | $505 | $708 | $663 | $916 | $812 | $888 |
| CAPEX (M) | $479 | $225 | $550 | $775 | $757 | $771 |
| EV / EBITDA | 23.29 | 33.78 | 38.01 | 30.81 | 43.95 | 18.91 |
| Total Debt (M) | $45 | $100 | $100 | $100 | $80 | $60 |
| Net Debt / EBITDA | -0.33 | -0.26 | -0.22 | -0.04 | -0.18 | -0.03 |
| Current Ratio | 2.37 | 3.33 | 2.98 | 1.76 | 2.1 | 1.33 |
Old Dominion Freight Line benefits from growing revenues and increasing reinvestment in the business, strong operating margins with a stable trend, and generally positive cash flows. The company's financial statements show positive EPS growth and healthy leverage levels. Furthermore, Old Dominion Freight Line has just enough current assets to cover current liabilities, as shown by its current ratio of 1.33.
The Market May Be Overvaluing Old Dominion Freight Line's Earnings and Assets:
Old Dominion Freight Line has a trailing twelve month P/E ratio of 30.8, compared to an average of 24.03 for the Industrials sector. Based on its EPS guidance of $5.9, the company has a forward P/E ratio of 27.8. The 8.2% compound average growth rate of Old Dominion Freight Line's historical and projected earnings per share yields a PEG ratio of 3.76. This suggests that these 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 8.21 is higher than the sector average of 2.89. The company's shares are currently trading 233.8% 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.
Analysts Give Old Dominion Freight Line an Average Rating of Hold:
The 22 analysts following Old Dominion Freight Line have set target prices ranging from $144.0 to $196.0 per share, for an average of $169.45 with a hold rating. The company is trading -3.1% 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 6.0% of the company's shares are sold short. Institutions own 81.1% of the company's shares, and the insider ownership rate stands at 10.12%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 11% stake in the company is worth $3,720,406,981.
