Old Dominion Freight Line (ODFL) and its Rivals Critical Review
Old Dominion Freight Line (NASDAQ: ODFL) is one of 15 publicly-traded companies in the “Freight Trucking” industry, but how does it weigh in compared to its rivals? We will compare Old Dominion Freight Line to related companies based off the strength of its risk, analyst recommendations, dividends, institutional ownership, valuation, earnings and profitability.
Valuation and Earnings
This table compares Old Dominion Freight Line and its rivals revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Old Dominion Freight Line||$3.12 billion||$718.76 million||26.48|
|Old Dominion Freight Line Competitors||$1.53 billion||$229.92 million||29.38|
Old Dominion Freight Line has higher revenue and earnings than its rivals. Old Dominion Freight Line is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently the more affordable than other companies in its industry.
This table compares Old Dominion Freight Line and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Old Dominion Freight Line||10.19%||16.87%||11.61%|
|Old Dominion Freight Line Competitors||4.99%||9.07%||5.20%|
Volatility and Risk
Old Dominion Freight Line has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500. Comparatively, Old Dominion Freight Line’s rivals have a beta of 0.93, meaning that their average share price is 7% less volatile than the S&P 500.
This is a breakdown of recent ratings for Old Dominion Freight Line and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Old Dominion Freight Line||0||6||3||0||2.33|
|Old Dominion Freight Line Competitors||142||684||572||27||2.34|
Old Dominion Freight Line presently has a consensus price target of $98.00, indicating a potential downside of 3.86%. All “Freight Trucking” companies have a potential upside of 19.99%. Given Old Dominion Freight Line’s rivals stronger consensus rating and higher possible upside, analysts clearly believe Old Dominion Freight Line has less favorable growth aspects than its rivals.
Old Dominion Freight Line pays an annual dividend of $0.40 per share and has a dividend yield of 0.4%. Old Dominion Freight Line pays out 10.4% of its earnings in the form of a dividend. As a group, “Freight Trucking” companies pay a dividend yield of 0.6% and pay out 16.6% of their earnings in the form of a dividend.
Insider and Institutional Ownership
73.9% of Old Dominion Freight Line shares are owned by institutional investors. Comparatively, 60.9% of shares of all “Freight Trucking” companies are owned by institutional investors. 12.0% of Old Dominion Freight Line shares are owned by company insiders. Comparatively, 23.4% of shares of all “Freight Trucking” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Old Dominion Freight Line beats its rivals on 8 of the 15 factors compared.
Old Dominion Freight Line Company Profile
Old Dominion Freight Line, Inc. is a union-free motor carrier providing regional, inter-regional and national less-than-truckload (LTL) services. The Company’s LTL services include ground and air expedited transportation for time-sensitive shipments, consumer household pickup and delivery and freight delivery services throughout North America. In addition to its LTL services, the Company offers a range of other value-added services that include container drayage, truckload brokerage, supply chain consulting and warehousing. As of December 31, 2016, the Company operated 226 service center locations, of which it owned 182 and leased 44. As of December 31, 2016, its network included 10 breakbulk facilities located in Rialto, California; Atlanta, Georgia; Columbus, Ohio; Indianapolis, Indiana; Greensboro, North Carolina; Harrisburg, Pennsylvania; Memphis and Morristown, Tennessee; Dallas, Texas, and Salt Lake City, Utah. As of December 31, 2016, the Company owned 7,994 tractors.
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