Old Dominion Freight Line (ODFL) Stock Analysis
This is a peer-relative look at Old Dominion Freight Line (ODFL): its performance, risk, profitability, financial strength, dividend, and valuation are each measured against its Transportation peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | ODFL |
|---|---|
| Name | Old Dominion Freight Line, Inc. |
| Country/Region | United States |
| GICS Sector | Industrials |
| GICS Industry Group | Transportation |
| GICS Industry | Ground Transportation |
| GICS Sub-Industry | Cargo Ground Transportation |
| Market Capitalization | 45.65 billion USD |
| Currency | USD |
| Exchange | Nasdaq |
| Listing Date | October 24, 1991 |
| Security Type | Common Stock |
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | Current stock: ODFL | Industry group median |
|---|---|---|
| Total Return (1Y) | 41.22% | 47.90% |
Risk
Drawdown
Risk at a Glance
| Metric | Current stock: ODFL | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 39.62% | 39.75% |
| Beta (5Y) | 1.18 | 1.16 |
Profitability
ROE (TTM)
Old Dominion Freight Line (ODFL) posts ROE of 23.33%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.
ODFL
Transportation industry group
23.33%
Group distribution
- Max
- 43.37%
- ODFL
- 23.33%
- Q3
- 20.89%
- Median
- 10.45%
- Q1
- 1.90%
- Min
- -18.46%
Largest peers
- UNP
- 40.69%
- UBER
- 35.31%
- UPS
- 33.35%
- CSX
- 23.68%
- ODFL
- 23.33%
- FDX
- 15.87%
- CP
- 8.43%
Net Margin (TTM)
Old Dominion Freight Line (ODFL) keeps 18.46% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.
ODFL
Transportation industry group
18.46%
Group distribution
- Max
- 43.82%
- Q3
- 19.52%
- ODFL
- 18.46%
- Median
- 5.13%
- Q1
- 1.18%
- Min
- -9.62%
Largest peers
- UNP
- 29.20%
- CP
- 27.21%
- CSX
- 21.55%
- ODFL
- 18.46%
- UBER
- 15.91%
- UPS
- 5.94%
- FDX
- 4.88%
Operating Margin (TTM)
Old Dominion Freight Line (ODFL) turns 23.78% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
ODFL
Transportation industry group
23.78%
Group distribution
- Max
- 54.53%
- Q3
- 25.12%
- ODFL
- 23.78%
- Median
- 6.35%
- Q1
- 1.27%
- Min
- -33.27%
Largest peers
- UNP
- 40.36%
- CP
- 37.56%
- CSX
- 36.16%
- ODFL
- 23.78%
- UBER
- 14.57%
- FDX
- 6.94%
- UPS
- 6.33%
Profitability at a Glance
| Metric | Current stock: ODFL | Industry group median |
|---|---|---|
| ROE (TTM) | 23.33% | 10.45% |
| ROA (TTM) | 15.03% | 4.14% |
| Net Margin (TTM) | 18.46% | 5.13% |
| Operating Margin (TTM) | 23.78% | 6.35% |
| Gross Margin (TTM) | 38.95% | 28.10% |
Financial Strength
Current Ratio (MRQ)
Old Dominion Freight Line (ODFL) has current ratio of 1.57, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.
ODFL
Transportation industry group
1.57
Group distribution
- Max
- 2.26
- Q3
- 1.59
- ODFL
- 1.57
- Median
- 1.15
- Q1
- 0.83
- Min
- 0.42
Largest peers
- ODFL
- 1.57
- FDX
- 1.47
- UPS
- 1.21
- UBER
- 1.07
- CSX
- 0.97
- UNP
- 0.92
- CP
- 0.67
Debt / Equity (MRQ)
Old Dominion Freight Line (ODFL) has debt-to-equity ratio of 0.01, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.
ODFL
Transportation industry group
0.01
Group distribution
- Max
- 3.37
- Q3
- 1.66
- Median
- 0.76
- Q1
- 0.36
- ODFL
- 0.01
- Min
- 0.00
Largest peers
- UPS
- 1.82
- UNP
- 1.62
- CSX
- 1.43
- FDX
- 1.41
- CP
- 0.51
- UBER
- 0.48
- ODFL
- 0.01
Financial Strength at a Glance
| Metric | Current stock: ODFL | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 1.57 | 1.15 |
| Debt / Equity (MRQ) | 0.01 | 0.76 |
| Net Debt / EBITDA | -0.15 | 2.13 |
Dividends
Dividend Yield (TTM)
Old Dominion Freight Line (ODFL) has dividend yield of 0.51%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.
ODFL
Transportation industry group
0.51%
Group distribution
- Max
- 4.86%
- Q3
- 1.97%
- Median
- 0.65%
- ODFL
- 0.51%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- UPS
- 6.26%
- UNP
- 2.13%
- FDX
- 1.78%
- CSX
- 1.16%
- CP
- 1.06%
- ODFL
- 0.51%
- UBER
- 0.00%
Dividend Payout Ratio (TTM)
Old Dominion Freight Line (ODFL) has payout ratio of 23.59%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.
ODFL
Transportation industry group
23.59%
Group distribution
- Max
- 106.15%
- Q3
- 45.30%
- ODFL
- 23.59%
- Median
- 20.55%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- UPS
- 106.15%
- UNP
- 45.10%
- CSX
- 32.52%
- FDX
- 30.59%
- ODFL
- 23.59%
- CP
- 20.36%
- UBER
- 0.00%
Dividends at a Glance
| Metric | Current stock: ODFL | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.51% | 0.65% |
| Dividend Payout Ratio (TTM) | 23.59% | 20.55% |
Valuation
P/E Ratio (TTM)
Old Dominion Freight Line (ODFL) trades at P/E ratio of 45.83, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.
ODFL
Transportation industry group
45.83
Group distribution
- Max
- 94.00
- ODFL
- 45.83
- Q3
- 45.83
- Median
- 21.74
- Q1
- 13.37
- Min
- 0.00
Largest peers
- ODFL
- 45.83
- CSX
- 28.34
- CP
- 27.11
- UNP
- 21.41
- UBER
- 17.72
- FDX
- 17.54
- UPS
- 17.35
P/S Ratio (TTM)
Old Dominion Freight Line (ODFL) trades at 8.37 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.
ODFL
Transportation industry group
8.37
Group distribution
- ODFL
- 8.37
- Max
- 4.02
- Q3
- 2.17
- Median
- 1.10
- Q1
- 0.62
- Min
- 0.08
Largest peers
- ODFL
- 8.37
- UNP
- 6.25
- CSX
- 6.07
- CP
- 5.08
- UBER
- 2.71
- UPS
- 1.03
- FDX
- 0.85
P/B Ratio (MRQ)
Old Dominion Freight Line (ODFL) trades at 10.39 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.
ODFL
Transportation industry group
10.39
Group distribution
- ODFL
- 10.39
- Max
- 8.88
- Q3
- 4.31
- Median
- 2.18
- Q1
- 1.19
- Min
- -2.61
Largest peers
- ODFL
- 10.39
- UNP
- 7.95
- CSX
- 6.32
- UBER
- 5.88
- UPS
- 5.61
- FDX
- 2.64
- CP
- 2.33
Valuation at a Glance
| Metric | Current stock: ODFL | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 45.83 | 21.74 |
| P/S Ratio (TTM) | 8.37 | 1.10 |
| P/B Ratio (MRQ) | 10.39 | 2.18 |
| Free Cash Flow Yield (TTM) | 1.89% | 2.61% |