Expeditors International Of Washington Inc

Consumer Discretionary
Oil Refining/Marketing
www.expeditors.com

Earnings Score
Moat Score

Market Cap $14.72B
PE 18
Debt -
Cash $1.15B
EV -
FCF $682.90M

Earnings

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Sales & Net Margins

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Earnings	$810.07M
EBIT	$1.09B
ROE	36%
ROA	23%
FCF	$682.90M
Equity	$2.23B
Growth Stability	65%
PE	18.17
PEG	10.14
PB	6.61
P/FCF	21.56
P/S	1.39
Price/Cash	0.08
Net Margins	8%
Op. Margins	10%
Earnings CAGR	12%
Sales Growth YoY	30%
Sales Growth QoQ	-2%
Sales CAGR	10%
FCF CAGR	14%
Equity CAGR	6%
Earnings Stability	0.51
Earnings Growth YoY	48%
Earnings Growth QoQ	3%

Earnings CAGR 5Y	2%
Sales CAGR 5Y	0%
FCF CAGR 5Y	9%
Equity CAGR 5Y	-3%
Earnings CAGR 3Y	-26%
Sales CAGR 3Y	-26%
FCF CAGR 3Y	-30%
Equity CAGR 3Y	-20%
Market Cap	$14.72B
Revenue	$10.60B
Dividend Yield	1%
Payout Ratio	25%
Assets	$4.75B
Cash	$1.15B
Shares Outstanding	138M
Earnings Score	68%
Moat Score	94%
Working Capital	1.59B
Current Ratio	1.77
Shares Growth 3y	-7%
Equity Growth QoQ	-6%
Equity Growth YoY	-7%

Assets & ROA

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Stockholders Equity & ROE

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Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2021, Expeditors derived 38% of consolidated net revenue from airfreight, 27% from ocean freight, and 35% from customs brokerage and other services.

SEC Filings

Direct access to Expeditors International Of Washington Inc (EXPD) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Expeditors International Of Washington Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Expeditors International Of Washington Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 51%

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Expeditors International Of Washington Inc Discounted Cash Flow

Fully customizable DCF calculator online for Expeditors International Of Washington Inc.

Years

Calculation mode

= $18B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$683M	$776M	$882M	$1B	$1.1B	$1.3B	$1.5B	$1.7B	$1.9B	$2.2B	$2.5B	$25B
DCF		$705M	$729M	$753M	$778M	$803M	$830M	$857M	$885M	$914M	$945M	$9.4B
Value	$18B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	7%	7%	7%	8%	7%	7%	9%	8%	8%	8%	8%
ROA	-	24%	23%	25%	22%	19%	25%	33%	22%	23%	23%
ROE	-	23%	25%	31%	27%	26%	40%	44%	31%	36%	36%

Net Margins (7.64%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	65%	69%	65%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (65%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	-8%	13%	18%	0%	24%	63%	3%	-46%	14%	0%
Earnings YoY growth	-	-6%	14%	26%	-4%	18%	103%	-4%	-45%	8%	2%
Equity YoY growth	-	9%	8%	-0%	11%	21%	31%	-11%	-23%	-7%	-3%
FCF YoY growth	-	-10%	-16%	33%	38%	-16%	37%	145%	-50%	-33%	9%