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Old Dominion Freight Line Inc
NASDAQ:ODFL

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Old Dominion Freight Line Inc Logo
Old Dominion Freight Line Inc
NASDAQ:ODFL
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Price: 219.31 USD 2.49% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Old Dominion Freight Line, Inc. engages in the provision of less-than-truckload services. [ Read More ]

The intrinsic value of one ODFL stock under the Base Case scenario is 239.15 USD. Compared to the current market price of 219.31 USD, Old Dominion Freight Line Inc is Undervalued by 8%.

Key Points:
ODFL Intrinsic Value
Base Case
239.15 USD
Undervaluation 8%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Old Dominion Freight Line Inc

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Fundamental Analysis

Old Dominion Confident Amidst Market Dynamics
2023-Q4 Earnings Call

Old Dominion Confident Amidst Market Dynamics

Old Dominion reported a strong fourth quarter with operations cash flow of $436.7 million, leading to $1.6 billion for the year. The company spent $757.3 million in capital expenditures, while executing share repurchases and increasing dividends by 30% to $0.52 per share for Q1 2024. The effective tax rate dipped slightly to 24.1% and is forecasted to be 25.6% in 2024. A consistent 99% on-time service rate and low claims ratio have underpinned market share gains, even though the slower economy has led to flatter market share growth recently. The company has outperformed competitors by 600 to 1,000 basis points, anticipating greater gains with economic upturns, and remains vested in strategic long-term investments. Despite industry shifts post-Yellow closure, Old Dominion expects the industry to remain capacity-constrained, which aligns with their growth-oriented network strategy.

Financials

Balance Sheet Decomposition
Old Dominion Freight Line Inc

Current Assets 1.1B
Cash & Short-Term Investments 433.8m
Receivables 615.3m
Other Current Assets 94.2m
Non-Current Assets 4.4B
PP&E 4.2B
Other Non-Current Assets 157.3m
Current Liabilities 544.7m
Accounts Payable 112.8m
Accrued Liabilities 411.9m
Other Current Liabilities 20m
Non-Current Liabilities 709.9m
Long-Term Debt 60m
Other Non-Current Liabilities 649.9m
Efficiency

Earnings Waterfall
Old Dominion Freight Line Inc

Revenue
5.9B USD
Cost of Revenue
-718.3m USD
Gross Profit
5.1B USD
Operating Expenses
-3.5B USD
Operating Income
1.6B USD
Other Expenses
-401.2m USD
Net Income
1.2B USD

Free Cash Flow Analysis
Old Dominion Freight Line Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

ODFL Profitability Score
Profitability Due Diligence

Old Dominion Freight Line Inc's profitability score is 71/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Year Average ROE
Exceptional 3-Year Average ROIC
Positive Free Cash Flow
71/100
Profitability
Score

Old Dominion Freight Line Inc's profitability score is 71/100. The higher the profitability score, the more profitable the company is.

ODFL Solvency Score
Solvency Due Diligence

Old Dominion Freight Line Inc's solvency score is 95/100. The higher the solvency score, the more solvent the company is.

High Interest Coverage
High Altman Z-Score
Long-Term Solvency
Negative Net Debt
95/100
Solvency
Score

Old Dominion Freight Line Inc's solvency score is 95/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

ODFL Price Targets Summary
Old Dominion Freight Line Inc

Wall Street analysts forecast ODFL stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ODFL is 415.48 USD with a low forecast of 348.45 USD and a high forecast of 540.75 USD.

Lowest
Price Target
348.45 USD
59% Upside
Average
Price Target
415.48 USD
89% Upside
Highest
Price Target
540.75 USD
147% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

ODFL Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

ODFL Price
Old Dominion Freight Line Inc

1M 1M
-1%
6M 6M
+7%
1Y 1Y
+33%
3Y 3Y
+89%
5Y 5Y
+365%
10Y 10Y
+1 093%
Annual Price Range
219.31
52w Low
148.5631
52w High
222.855
Price Metrics
Average Annual Return 36.75%
Standard Deviation of Annual Returns 41.81%
Max Drawdown -17%
Shares Statistics
Market Capitalization 23.9B USD
Shares Outstanding 109 662 000
Percentage of Shares Shorted 2.02%

ODFL Return Decomposition
Main factors of price return

What is price return decomposition?

ODFL News

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Company Profile

Old Dominion Freight Line Inc Logo
Old Dominion Freight Line Inc

Country

United States of America

Industry

Road & Rail

Market Cap

23.9B USD

Dividend Yield

0.47%

Description

Old Dominion Freight Line, Inc. engages in the provision of less-than-truckload services. The company is headquartered in Thomasville, North Carolina and currently employs 23,663 full-time employees. The firm provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Its service offerings include expedited transportation, which is provided through a network of service centers located throughout the continental United States. The company offers a range of value-added services including container drayage, truckload brokerage, and supply chain consulting. The company operates approximately 251 service center locations, of which the Company owns 227 and leases 24. Its service centers are responsible for the pickup and delivery of freight within their local service area. Its system offers its customers access to information such as freight tracking, shipping documents, rate quotes, rate databases, and account activity. These centralized systems and its customer service department provide its customers with a single point of contact to access information.

Contact

NORTH CAROLINA
Thomasville
500 Old Dominion Way
+13368895000.0
https://www.odfl.com/

IPO

1991-10-24

Employees

23 663

Officers

Executive Chairman of the Board
Mr. David S. Congdon
President & CEO
Mr. Kevin M. Freeman
Executive VP of Finance, CFO & Assistant Secretary
Mr. Adam N. Satterfield
Executive VP & COO
Mr. Gregory B. Plemmons
Chairman Emeritus & Senior Advisor
Mr. Earl E. Congdon
Principal Accounting Officer and VP of Accounting & Finance
Ms. Kimberly S. Maready
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Senior VP of Legal Affairs, General Counsel & Secretary
Mr. Ross H. Parr
Vice President of Safety & Compliance
Sam Faucette
Senior Vice President of Sales
Mr. Steven W. Hartsell
Senior Vice President of Human Resources & Safety
Mr. Christopher Thomas Brooks
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See Also

Discover More
What is the Intrinsic Value of one ODFL stock?

The intrinsic value of one ODFL stock under the Base Case scenario is 239.15 USD.

Is ODFL stock undervalued or overvalued?

Compared to the current market price of 219.31 USD, Old Dominion Freight Line Inc is Undervalued by 8%.