Old Dominion Story

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ODFL -- USA Stock  

USD 182.41  0.23  0.13%

Old Dominion Working Capital is relatively stable at the moment as compared to the past year. The company's current value of Working Capital is estimated at 540.28 Million. Interest Coverage is projected to rise to 395.48 this year, although the value of Average Assets will most likely fall to nearly 3.3 B. The basic intend of this write-up is to give stakeholders our perspective on Old Dominion for August. We will forecast Old Dominion value for stakeholders.
Published over a month ago
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Our new forecast of Old Dominion (NASDAQ:ODFL)
Old Dominion is OVERVALUED at 160.57 per share with modest projections ahead. Over 80.0% of Old Dominion shares are owned by institutional investors. Institutional ownership of Old Dominion Freight refers to the amount of Old Dominion Freight equity owned by mutual funds, pension funds, insurance companies, investment firms, foundations, or other large entities that manage money on behalf of others. Check out our latest analysis of Old Dominion, including its current ownership diagnostics.
There are currently many different techniques concerning forecasting the market as a whole as well as predicting future values of individual securities such as Old Dominion Freight. Regardless of method or technology, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

Predictive Modules for Old Dominion


How important is Old Dominion's Liquidity

Old Dominion financial leverage refers to using borrowed capital as a funding source to finance Old Dominion Freight ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Old Dominion financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Old Dominion's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions. It is good to see analyst projects for Old Dominion, but it might be worth checking our own buy vs. sell analysis

Is Old Dominion valued accurately by the market?

Old Dominion Freight currently demonstrates below-verage downside deviation. It has Information Ratio of 0.13 and Jensen Alpha of 0.45. However, we do advice investors to further question Old Dominion Freight expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Returns Breakdown

Return on Investment25.52
Return on Assets0.15
Return on Equity0.22
Return Capital0.25
Return on Sales0.2

Old Dominion is projected to stay under $186 in August

Downside variance is down to 4.4. It may denote a possible volatility pull down. Old Dominion Freight currently demonstrates below-verage downside deviation. It has Information Ratio of 0.13 and Jensen Alpha of 0.45. However, we do advice investors to further question Old Dominion Freight expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

The Current Takeaway on Old Dominion Investment

While some firms under the trucking industry are still a bit expensive, Old Dominion may offer a potential longer-term growth to stakeholders. To conclude, as of the 30th of July 2020, we believe that Old Dominion is currently overvalued with below average odds of financial distress in the next two years. Our primary 30 days Buy-Hold-Sell recommendation on the company is Hold.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Old Dominion Freight. Please refer to our Terms of Use for any information regarding our disclosure principles.

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