Old Dominion Freight Stock Performance
| ODFL Stock | USD 207.82 2.99 1.42% |
Old Dominion has a performance score of 5 on a scale of 0 to 100. The company holds a Beta of 1.35, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Old Dominion will likely underperform. Old Dominion Freight right now holds a risk of 1.8%. Please check Old Dominion Freight downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Old Dominion Freight will be following its historical price patterns.
Risk-Adjusted Performance
5 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Old Dominion Freight are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite quite weak technical and fundamental indicators, Old Dominion may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
Actual Historical Performance (%)
One Day Return (4.39) | Five Day Return (2.72) | Year To Date Return 6 | Ten Year Return 1 K | All Time Return 36.8 K |
Forward Dividend Yield 0.0047 | Payout Ratio 0.0764 | Last Split Factor 2:1 | Forward Dividend Rate 1.04 | Dividend Date 2024-03-20 |
1 | Old Dominion Freight Line Inc s Winning Formula Financial Metrics and Competitive Strengths | 02/27/2024 |
2 | Old Dominion Freight Line Provides Update for First Quarter 2024 | 03/05/2024 |
3 | JPMorgan sets Old Dominion Freight Line stock Neutral with 465 target | 03/11/2024 |
4 | Old Dominion Announces VP of Finance Retirement - TipRanks.com - TipRanks | 03/19/2024 |
| Old Dominion dividend paid on 20th of March 2024 | 03/20/2024 |
5 | 1000 Invested In Old Dominion Freight Line 20 Years Ago Would Be Worth This Much Today | 03/27/2024 |
6 | Disposition of 350 shares by Greg Gantt of Old Dominion subject to Rule 16b-3 | 04/02/2024 |
7 | Disposition of 2191 shares by John Kasarda of Old Dominion at 442.38 subject to Rule 16b-3 | 04/09/2024 |
8 | Old Dominion Freight Line, Inc.s Stocks On An Uptrend Are Strong Financials Guiding The Market | 04/12/2024 |
9 | Why Old Dominion Freight Line Stock Is Falling Today | 04/17/2024 |
| Begin Period Cash Flow | 186.3 M |
Old |
Old Dominion Relative Risk vs. Return Landscape
If you would invest 19,339 in Old Dominion Freight on January 19, 2024 and sell it today you would earn a total of 1,443 from holding Old Dominion Freight or generate 7.46% return on investment over 90 days. Old Dominion Freight is currently generating 0.1302% in daily expected returns and assumes 1.7987% risk (volatility on return distribution) over the 90 days horizon. In different words, 15% of stocks are less volatile than Old, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Old Dominion Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Old Dominion's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Old Dominion Freight, and traders can use it to determine the average amount a Old Dominion's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0724
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| Cash | Small Risk | ODFL | High Risk | Huge Risk |
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Estimated Market Risk
| 1.8 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Old Dominion is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Old Dominion by adding it to a well-diversified portfolio.
Old Dominion Fundamentals Growth
Old Stock prices reflect investors' perceptions of the future prospects and financial health of Old Dominion, and Old Dominion fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Old Stock performance.
| Return On Equity | 0.31 | ||||
| Return On Asset | 0.2 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.28 % | ||||
| Current Valuation | 47.64 B | ||||
| Shares Outstanding | 217.6 M | ||||
| Price To Earning | 46.55 X | ||||
| Price To Book | 11.31 X | ||||
| Price To Sales | 8.20 X | ||||
| Revenue | 5.87 B | ||||
| Gross Profit | 2.49 B | ||||
| EBITDA | 1.97 B | ||||
| Net Income | 1.24 B | ||||
| Cash And Equivalents | 375.56 M | ||||
| Cash Per Share | 3.37 X | ||||
| Total Debt | 200.38 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.74 X | ||||
| Book Value Per Share | 19.54 X | ||||
| Cash Flow From Operations | 1.57 B | ||||
| Earnings Per Share | 5.64 X | ||||
| Market Capitalization | 47.98 B | ||||
| Total Asset | 5.51 B | ||||
| Retained Earnings | 4 B | ||||
| Working Capital | 598.67 M | ||||
| Current Asset | 381.73 M | ||||
| Current Liabilities | 285.4 M | ||||
About Old Dominion Performance
To evaluate Old Dominion Freight Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Old Dominion generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Old Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Old Dominion Freight market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Old's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | (1.69) | (1.77) | |
| Return On Tangible Assets | 0.22 | 0.24 | |
| Return On Capital Employed | 0.33 | 0.18 | |
| Return On Assets | 0.22 | 0.24 | |
| Return On Equity | 0.29 | 0.31 |
Things to note about Old Dominion Freight performance evaluation
Checking the ongoing alerts about Old Dominion for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Old Dominion Freight help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Old Dominion Freight is unlikely to experience financial distress in the next 2 years | |
| Old Dominion Freight has a strong financial position based on the latest SEC filings | |
| Over 76.0% of the company shares are owned by institutional investors | |
| On 20th of March 2024 Old Dominion paid $ 0.52 per share dividend to its current shareholders | |
| Latest headline from fool.com: Why Old Dominion Freight Line Stock Is Falling Today |
- Analyzing Old Dominion's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Old Dominion's stock is overvalued or undervalued compared to its peers.
- Examining Old Dominion's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Old Dominion's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Old Dominion's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Old Dominion's stock. These opinions can provide insight into Old Dominion's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Old Dominion Freight. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Old Dominion Freight information on this page should be used as a complementary analysis to other Old Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Old Stock analysis
When running Old Dominion's price analysis, check to measure Old Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old Dominion is operating at the current time. Most of Old Dominion's value examination focuses on studying past and present price action to predict the probability of Old Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old Dominion's price. Additionally, you may evaluate how the addition of Old Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Old Dominion's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Old Dominion. If investors know Old will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Old Dominion listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.008 | Dividend Share 0.8 | Earnings Share 5.64 | Revenue Per Share 26.805 | Quarterly Revenue Growth 0.003 |
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old that is recorded on the company's balance sheet. Investors also form their own opinion of Old Dominion's value that differs from its market value or its book value, called intrinsic value, which is Old Dominion's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Old Dominion's market value can be influenced by many factors that don't directly affect Old Dominion's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Old Dominion's value and its price as these two are different measures arrived at by different means. Investors typically determine if Old Dominion is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Old Dominion's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.