Expeditors International of Washington clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.
Expeditors International of Washington, Inc. (Expeditors) provides a full suite of global logistics services, offering customers access to an international network of people and integrated information systems to support the movement and strategic pos…
Analysis
Quality compounder
Expeditors International of Washington, Inc. earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 25.9×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 10% a year, against analyst forecasts of 9%. The price, in other words, assumes less than the experts do.
Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.
Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202332
43
2023202420252026
All-time high
57
Feb 2024
All-time low
26
Jul 2023
Average rank
43
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
26
23
19
32
Price/Earnings
39
28
15
37
Price/Book
11
12
15
22
Dividend Yield
61
51
59
62
Value (overall)
20
15
9
6
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.