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Old Dominion Freight Line

Nasdaq:ODFL
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ODFL
Nasdaq
$15B
Market Cap
  1. Home
  2. US
  3. Transportation
Company description

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. The last earnings update was 39 days ago. More info.


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ODFL Share Price and Events
7 Day Returns
-4.5%
NasdaqGS:ODFL
-2.6%
US Transportation
-2%
US Market
1 Year Returns
21.1%
NasdaqGS:ODFL
-20.8%
US Transportation
-15.1%
US Market
ODFL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Old Dominion Freight Line (ODFL) -4.5% -7.4% -2.4% 21.1% 120.8% 154.7%
US Transportation -2.6% -18.7% -23.2% -20.8% 22.8% 29.6%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • ODFL outperformed the Transportation industry which returned -20.8% over the past year.
  • ODFL outperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
ODFL
Industry
5yr Volatility vs Market

Value

 Is Old Dominion Freight Line undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Old Dominion Freight Line to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Old Dominion Freight Line.

NasdaqGS:ODFL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:ODFL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Transportation Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.954 (1 + (1- 21%) (0.76%))
0.973
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.973 * 5.44%)
7.03%

Discounted Cash Flow Calculation for NasdaqGS:ODFL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Old Dominion Freight Line is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:ODFL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.03%)
2020 484.73 Analyst x3 452.87
2021 463.50 Analyst x3 404.58
2022 424.00 Analyst x1 345.77
2023 416.64 Est @ -1.74% 317.44
2024 413.75 Est @ -0.69% 294.52
2025 413.90 Est @ 0.04% 275.26
2026 416.17 Est @ 0.55% 258.58
2027 419.94 Est @ 0.91% 243.77
2028 424.79 Est @ 1.16% 230.38
2029 430.44 Est @ 1.33% 218.11
Present value of next 10 years cash flows $3,041.00
NasdaqGS:ODFL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $430.44 × (1 + 1.74%) ÷ (7.03% – 1.74%)
$8,270.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,270.99 ÷ (1 + 7.03%)10
$4,190.90
NasdaqGS:ODFL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,041.00 + $4,190.90
$7,231.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,231.90 / 119.55
$60.49
NasdaqGS:ODFL Discount to Share Price
Calculation Result
Value per share (USD) From above. $60.49
Current discount Discount to share price of $122.51
= -1 x ($122.51 - $60.49) / $60.49
-102.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Old Dominion Freight Line is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Old Dominion Freight Line's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Old Dominion Freight Line's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:ODFL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $5.11
NasdaqGS:ODFL Share Price ** NasdaqGS (2020-04-03) in USD $122.51
United States of America Transportation Industry PE Ratio Median Figure of 20 Publicly-Listed Transportation Companies 17.08x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Old Dominion Freight Line.

NasdaqGS:ODFL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ODFL Share Price ÷ EPS (both in USD)

= 122.51 ÷ 5.11

23.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is overvalued based on earnings compared to the US Transportation industry average.
  • Old Dominion Freight Line is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Old Dominion Freight Line's expected growth come at a high price?
Raw Data
NasdaqGS:ODFL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
6.8%per year
United States of America Transportation Industry PEG Ratio Median Figure of 19 Publicly-Listed Transportation Companies 1.61x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

NasdaqGS:ODFL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.97x ÷ 6.8%

3.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Old Dominion Freight Line's assets?
Raw Data
NasdaqGS:ODFL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $25.77
NasdaqGS:ODFL Share Price * NasdaqGS (2020-04-03) in USD $122.51
United States of America Transportation Industry PB Ratio Median Figure of 29 Publicly-Listed Transportation Companies 1.79x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
NasdaqGS:ODFL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ODFL Share Price ÷ Book Value per Share (both in USD)

= 122.51 ÷ 25.77

4.75x

* Primary Listing of Old Dominion Freight Line.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is overvalued based on assets compared to the US Transportation industry average.
X
Value checks
We assess Old Dominion Freight Line's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Transportation industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Transportation industry average (and greater than 0)? (1 check)
  5. Old Dominion Freight Line has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Old Dominion Freight Line expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Old Dominion Freight Line expected to grow at an attractive rate?
  • Old Dominion Freight Line's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Old Dominion Freight Line's earnings growth is positive but not above the United States of America market average.
  • Old Dominion Freight Line's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:ODFL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:ODFL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 6.8%
NasdaqGS:ODFL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 5.7%
United States of America Transportation Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
United States of America Transportation Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:ODFL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:ODFL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 4,979 761 2
2021-12-31 4,568 949 706 11
2020-12-31 4,252 856 642 11
2020-04-05
NasdaqGS:ODFL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 4,109 984 616
2019-09-30 4,127 972 631
2019-06-30 4,137 937 640
2019-03-31 4,109 895 630
2018-12-31 4,044 900 606
2018-09-30 3,908 824 643
2018-06-30 3,723 722 572
2018-03-31 3,529 637 507
2017-12-31 3,358 536 464
2017-09-30 3,213 543 335
2017-06-30 3,122 512 318
2017-03-31 3,038 508 301

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Old Dominion Freight Line's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
  • Old Dominion Freight Line's revenue is expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:ODFL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Old Dominion Freight Line Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ODFL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 6.57 6.57 6.57 1.00
2021-12-31 6.05 6.50 5.60 13.00
2020-12-31 5.37 5.70 4.75 14.00
2020-04-05
NasdaqGS:ODFL Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 5.11
2019-09-30 5.21
2019-06-30 5.25
2019-03-31 5.14
2018-12-31 4.93
2018-09-30 5.22
2018-06-30 4.64
2018-03-31 4.11
2017-12-31 3.76
2017-09-30 2.71
2017-06-30 2.57
2017-03-31 2.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Old Dominion Freight Line is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Old Dominion Freight Line's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Old Dominion Freight Line has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Old Dominion Freight Line performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Old Dominion Freight Line's growth in the last year to its industry (Transportation).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Old Dominion Freight Line has delivered over 20% year on year earnings growth in the past 5 years.
  • Old Dominion Freight Line's 1-year earnings growth is less than its 5-year average (1.6% vs 21.1%)
  • Old Dominion Freight Line's earnings growth has exceeded the US Transportation industry average in the past year (1.6% vs -12.4%).
Earnings and Revenue History
Old Dominion Freight Line's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Old Dominion Freight Line Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:ODFL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,109.11 615.52 177.49
2019-09-30 4,126.85 630.95 169.83
2019-06-30 4,136.63 640.30 168.19
2019-03-31 4,109.46 629.66 165.45
2018-12-31 4,043.70 605.67 163.50
2018-09-30 3,907.87 643.46 168.88
2018-06-30 3,722.62 572.33 165.09
2018-03-31 3,529.04 507.32 161.45
2017-12-31 3,358.11 463.77 149.93
2017-09-30 3,212.73 335.04 139.61
2017-06-30 3,122.36 318.30 132.32
2017-03-31 3,037.88 301.27 126.86
2016-12-31 2,991.52 295.77 126.59
2016-09-30 2,980.35 299.48 121.14
2016-06-30 2,977.21 298.27 124.10
2016-03-31 2,983.93 302.45 125.81
2015-12-31 2,972.44 304.69 125.76
2015-09-30 2,958.92 302.34 131.97
2015-06-30 2,923.03 295.88 128.86
2015-03-31 2,863.87 284.15 125.73
2014-12-31 2,787.90 267.51 121.50
2014-09-30 2,659.32 244.80 114.79
2014-06-30 2,532.19 227.04 109.45
2014-03-31 2,419.51 211.45 103.97
2013-12-31 2,337.65 206.11 101.89
2013-09-30 2,278.98 198.44 98.29
2013-06-30 2,213.03 189.33 94.43

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Old Dominion Freight Line has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Old Dominion Freight Line used its assets more efficiently than the US Transportation industry average last year based on Return on Assets.
  • Old Dominion Freight Line has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Old Dominion Freight Line's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Transportation industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Old Dominion Freight Line has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Old Dominion Freight Line's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Old Dominion Freight Line's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Old Dominion Freight Line is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Old Dominion Freight Line's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Old Dominion Freight Line's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 19.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Old Dominion Freight Line Company Filings, last reported 3 months ago.

NasdaqGS:ODFL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,080.72 45.00 403.57
2019-09-30 2,909.53 45.00 322.29
2019-06-30 2,798.49 45.00 228.96
2019-03-31 2,770.37 45.00 280.63
2018-12-31 2,680.48 45.00 190.28
2018-09-30 2,616.93 45.00 177.47
2018-06-30 2,482.05 45.00 140.57
2018-03-31 2,358.75 45.00 159.94
2017-12-31 2,276.85 95.00 127.46
2017-09-30 2,087.02 95.00 78.09
2017-06-30 1,992.99 95.00 33.83
2017-03-31 1,909.36 95.00 47.55
2016-12-31 1,851.16 104.98 10.17
2016-09-30 1,793.48 193.13 15.01
2016-06-30 1,741.77 218.33 10.67
2016-03-31 1,700.28 124.73 7.13
2015-12-31 1,684.64 132.32 11.47
2015-09-30 1,647.41 183.00 11.41
2015-06-30 1,599.76 143.00 12.79
2015-03-31 1,543.26 145.00 113.04
2014-12-31 1,494.06 155.71 34.79
2014-09-30 1,429.73 183.92 8.17
2014-06-30 1,351.82 199.71 19.79
2014-03-31 1,277.97 180.71 41.24
2013-12-31 1,232.08 191.43 30.17
2013-09-30 1,184.93 203.43 12.10
2013-06-30 1,124.78 226.11 7.37
  • Old Dominion Freight Line's level of debt (1.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (10.2% vs 1.5% today).
  • Debt is well covered by operating cash flow (2186.4%, greater than 20% of total debt).
  • Old Dominion Freight Line earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Old Dominion Freight Line's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Old Dominion Freight Line has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Old Dominion Freight Line's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.5%
Current annual income from Old Dominion Freight Line dividends. Estimated to be 0.51% next year.
If you bought $2,000 of Old Dominion Freight Line shares you are expected to receive $10 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Old Dominion Freight Line's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (2.05%).
  • Old Dominion Freight Line's dividend is below the markets top 25% of dividend payers in United States of America (5.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:ODFL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
United States of America Transportation Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:ODFL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.64 3.00
2021-12-31 0.63 7.00
2020-12-31 0.61 7.00
2020-04-05
NasdaqGS:ODFL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.613 0.494
2020-02-06 0.613 0.419
2019-10-17 0.453 0.354
2019-07-18 0.453 0.409
2019-05-16 0.453 0.476
2019-02-07 0.453 0.458
2018-11-01 0.347 0.399
2018-07-30 0.347 0.353
2018-05-17 0.347 0.342
2018-05-07 0.347 0.360
2018-04-26 0.347 0.389
2018-02-27 0.347 0.360
2018-02-08 0.347 0.382
2017-10-30 0.267 0.305
2017-07-31 0.267 0.389
2017-05-17 0.267 0.426
2017-05-10 0.267 0.474
2017-04-27 0.267 0.459
2017-02-27 0.267 0.463
2017-02-02 0.267 0.440

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Old Dominion Freight Line is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • Old Dominion Freight Line is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Old Dominion Freight Line's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Old Dominion Freight Line's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of Old Dominion Freight Line's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Old Dominion Freight Line's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Old Dominion Freight Line afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Old Dominion Freight Line has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Old Dominion Freight Line's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Greg Gantt
COMPENSATION $4,832,630
AGE 63
TENURE AS CEO 1.9 years
CEO Bio

Mr. Greg C. Gantt has been the Chief Executive Officer of Old Dominion Freight Line Inc. since May 16, 2018 and has been its President since May 2015. Mr. Gantt served as Executive Vice President of Old Dominion Freight Line Inc. since June 30, 2011 until May 2015. Mr. Gantt served as Senior Vice President of Operations of Old Dominion Freight Line Inc. from January 2002 to June 30, 2011. He joined Old Dominion in November 1994 and served as one of its regional Vice President from November 1994 to January 2002. Mr. Gantt served in many operational capacities with Carolina Freight Carriers Corporation, including Vice President of its Southern Region. Mr. Gantt, through his ever-increasing roles and responsibilities with Old Dominion over the past 24 years, has played a critical role in the development of its operational plan and offers the Board significant expertise in LTL industry leadership and business strategy.

CEO Compensation
  • Greg's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Greg's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Old Dominion Freight Line management team in years:

2.9
Average Tenure
54
Average Age
  • The tenure for the Old Dominion Freight Line management team is about average.
Management Team

Greg Gantt

TITLE
President
COMPENSATION
$5M
AGE
63
TENURE
1.9 yrs

Adam Satterfield

TITLE
Senior VP of Finance
COMPENSATION
$2M
AGE
44
TENURE
4.3 yrs

Marty Freeman

TITLE
Executive VP & COO
COMPENSATION
$3M
AGE
60
TENURE
1.9 yrs

Chip Overbey

TITLE
Senior Vice President of Strategic Development
COMPENSATION
$2M
AGE
57
TENURE
9.3 yrs

Kimberly Maready

TITLE
Principal Accounting Officer and VP of Accounting & Finance
AGE
48
TENURE
2.9 yrs

Ross Parr

TITLE
Senior VP of Legal Affairs
AGE
47
TENURE
4.3 yrs

Sam Faucette

TITLE
Vice President of Safety & Compliance

Greg Plemmons

TITLE
Senior Vice President of Sales
AGE
54
TENURE
1.3 yrs

Christopher Brooks

TITLE
Senior Vice President of Human Resources & Safety
AGE
48
TENURE
2.3 yrs

Dave Bates

TITLE
Senior Vice President of Operations
AGE
54
TENURE
8.5 yrs
Board of Directors Tenure

Average tenure and age of the Old Dominion Freight Line board of directors in years:

2.9
Average Tenure
65
Average Age
  • The average tenure for the Old Dominion Freight Line board of directors is less than 3 years, this suggests a new board.
Board of Directors

Earl Congdon

TITLE
Senior Executive Chairman
COMPENSATION
$6M
AGE
88
TENURE
1.9 yrs

David Congdon

TITLE
Executive Chairman of the Board
COMPENSATION
$10M
AGE
62
TENURE
1.9 yrs

Greg Gantt

TITLE
President
COMPENSATION
$5M
AGE
63
TENURE
1.9 yrs

John Kasarda

TITLE
Independent Director
COMPENSATION
$214K
AGE
73
TENURE
12.3 yrs

D. Wray

TITLE
Independent Director
COMPENSATION
$224K
AGE
58
TENURE
12.3 yrs

Leo Suggs

TITLE
Lead Independent Director
COMPENSATION
$202K
AGE
79
TENURE
1.3 yrs

John Congdon

TITLE
Director
COMPENSATION
$200K
AGE
62
TENURE
22.3 yrs

Brad Gabosch

TITLE
Independent Director
COMPENSATION
$204K
AGE
67
TENURE
3.9 yrs

Pat Hanley

TITLE
Independent Director
COMPENSATION
$202K
AGE
74
TENURE
3.9 yrs

Sherry Aaholm

TITLE
Independent Director
COMPENSATION
$168K
AGE
56
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • Old Dominion Freight Line individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Feb 20 Sell David Bates Individual 11. Feb 20 11. Feb 20 -509 $147.08 $-74,790
04. Nov 19 Sell Earl Congdon Individual 31. Oct 19 31. Oct 19 -35,250 $121.29 $-4,275,590
21. Aug 19 Sell David Congdon Individual 20. Aug 19 20. Aug 19 -45,225 $110.66 $-4,990,251
07. Aug 19 Sell Gregory Plemmons Individual 06. Aug 19 06. Aug 19 -1,874 $108.93 $-204,074
05. Aug 19 Sell Earl Congdon Individual 01. Aug 19 01. Aug 19 -84,600 $111.02 $-9,392,292
X
Management checks
We assess Old Dominion Freight Line's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Old Dominion Freight Line has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Tempted To Sell Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Because Of Its P/E Ratio?

We'll look at Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) P/E ratio and reflect on what it tells us about the company's share price. … See our latest analysis for Old Dominion Freight Line How Do You Calculate Old Dominion Freight Line's P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Old Dominion Freight Line: P/E of 20.36 = $160.45 ÷ $7.88 (Based on the trailing twelve months to June 2019.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

A Closer Look At Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) Impressive ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Old Dominion Freight Line: 23% = US$640m ÷ US$2.8b (Based on the trailing twelve months to June 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Old Dominion Freight Line Have A Good Return On Equity? … Old Dominion Freight Line's Debt And Its 23% ROE Old Dominion Freight Line has a debt to equity ratio of just 0.016, which is very low.

Simply Wall St -

Have Insiders Sold Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares Recently?

View our latest analysis for Old Dominion Freight Line The Last 12 Months Of Insider Transactions At Old Dominion Freight Line In the last twelve months, the biggest single sale by an insider was when the Senior Executive Chairman, Earl Congdon, sold US$9.4m worth of shares at a price of US$167 per share. … In the last year Old Dominion Freight Line insiders didn't buy any company stock. … It's great to see that Old Dominion Freight Line insiders own 12% of the company, worth about US$1.6b.

Simply Wall St -

What Type Of Shareholder Owns Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL)?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' Old Dominion Freight Line is a pretty big company. … View our latest analysis for Old Dominion Freight Line NasdaqGS:ODFL Ownership Summary, August 4th 2019 What Does The Institutional Ownership Tell Us About Old Dominion Freight Line? … Insider Ownership Of Old Dominion Freight Line The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

What Does Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) Share Price Indicate?

The stock’s ratio of 20.84x is currently trading slightly above its industry peers’ ratio of 17.02x, which means if you buy Old Dominion Freight Line today, you’d be paying a relatively reasonable price for it. … And if you believe that Old Dominion Freight Line should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value. … Since Old Dominion Freight Line’s share price is quite volatile, we could potentially see it sink lower (or rise higher) in the future, giving us another chance to buy.

Simply Wall St -

Old Dominion Freight Line (NASDAQ:ODFL) Seems To Use Debt Quite Sensibly

NasdaqGS:ODFL Historical Debt, July 4th 2019 How Strong Is Old Dominion Freight Line's Balance Sheet? … While Old Dominion Freight Line has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Looking at the most recent three years, Old Dominion Freight Line recorded free cash flow of 36% of its EBIT, which is weaker than we'd expect.

Simply Wall St -

Consider These Factors, Then Buy Old Dominion Freight Line, Inc. (NASDAQ:ODFL)

Longstanding stocks such as Old Dominion Freight Line, Inc. … Check out our latest analysis for Old Dominion Freight Line Old Dominion Freight Line, Inc. … This continuous market outperformance demonstrates a strong track record of delivering robust returns over many years, raising my confidence in Old Dominion Freight Line as a long-term hold.

Simply Wall St -

Have Insiders Been Selling Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Old Dominion Freight Line, Inc. … See our latest analysis for Old Dominion Freight Line The Last 12 Months Of Insider Transactions At Old Dominion Freight Line Over the last year, we can see that the biggest insider sale was by the Senior Vice President of Operations, David Bates, for US$296k worth of shares, at about US$152 per share. … While we feel good about high insider ownership of Old Dominion Freight Line, we can't say the same about the selling of shares.

Simply Wall St -

With EPS Growth And More, Old Dominion Freight Line (NASDAQ:ODFL) Is Interesting

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Old Dominion Freight Line (NASDAQ:ODFL). … We would not expect to see insiders owning a large percentage of a US$11b company like Old Dominion Freight Line. … Although Old Dominion Freight Line certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

Should We Worry About Old Dominion Freight Line, Inc.'s (NASDAQ:ODFL) P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Old Dominion Freight Line: P/E of 18.11 = $139.68 ÷ $7.71 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … Since Old Dominion Freight Line holds net cash of US$167m, it can spend on growth, justifying a higher P/E ratio than otherwise. … The Bottom Line On Old Dominion Freight Line's P/E Ratio Old Dominion Freight Line has a P/E of 18.1.

Simply Wall St -

Company Info

Description

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2019, it owned 9,296 tractors, as well as operated 236 service and 42 maintenance centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

Details
Name: Old Dominion Freight Line, Inc.
ODFL
Exchange: NasdaqGS
Founded: 1934
$14,645,571,516
119,545,927
Website: http://www.odfl.com
Address: Old Dominion Freight Line, Inc.
500 Old Dominion Way,
Thomasville,
North Carolina, 27360,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ODFL Common Stock Nasdaq Global Select US USD 24. Oct 1991
DB ODF Common Stock Deutsche Boerse AG DE EUR 24. Oct 1991
BMV ODFL * Common Stock Bolsa Mexicana de Valores MX MXN 24. Oct 1991
Number of employees
Current staff
Staff numbers
20,105
Old Dominion Freight Line employees.
Industry
Trucking
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 00:53
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.