Returns Breakdown
| Return on Investment | 25.52 | |
| Return on Assets | 0.15 | |
| Return on Equity | 0.22 | |
| Return Capital | 0.25 | |
| Return on Sales | 0.2 |
Our new forecast of Old Dominion (NASDAQ:ODFL)
 | By Ellen Johnson | Macroaxis Story |
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.
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Reviewed by Raphi Shpitalnik
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Old Dominion. Your research has to be compared to or analyzed against Old Dominion's peers to derive any actionable benefits. When done correctly, Old Dominion's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Old Dominion Freight.
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
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Old Dominion's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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. Financial leverage can amplify the potential profits to Old Dominion's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Old Dominion's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Old Dominion's total debt and its cash.
Old Dominion Gross Profit
Old Dominion Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Old Dominion previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Old Dominion Gross Profit growth over the last 10 years. Please check Old Dominion's gross profit and other fundamental indicators for more details.
What is driving Old Dominion Investor Appetite?
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.
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