Old Dominion Freight Line: Compounding Returns Through Market Share Growth [Seeking Alpha]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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US:NASDAQ Investor Relations:
odfl.com/financials
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Source: Seeking Alpha
Its growing scale and operational excellence have allowed its EBITDA-M to increase (+14ppts), allowing for an increase in distributions and reinvestment in growth, compounding returns. We believe its current trajectory is sustainable due to the substantial market share up for grabs. ODFL appears considerably ahead of its peers due to its existing trajectory. The company has considerable capex commitments (13% of revenue) but is positioned to ladder this down in the long-term, with existing investment directly translating to growth. ODFL's valuation has rarely made sense, with an average FCF yield of 2.1%. Despite this, its share price has returned 1,000%. We struggle to justify a buy rating. Introduction and thesis Old Dominion Freight Line ( NASDAQ: ODFL ) is a prominent transportation company specializing in less-than-truckload (LTL) shipping. The company has emerged as a key player in the logistics and freight industry. ODFL is a classic example of a long-term compound
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ODFL
News
- Old Dominion Freight Line First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at TD Cowen from $209.00 to $206.00. They now have a "hold" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at Barclays PLC from $210.00 to $205.00. They now have an "equal weight" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at JPMorgan Chase & Co. from $231.00 to $219.00. They now have a "neutral" rating on the stock.MarketBeat
ODFL
Earnings
- 4/24/24 - Beat
ODFL
Sec Filings
- 4/24/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- 4/15/24 - Form ARS
- ODFL's page on the SEC website