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XPO - XPO Logistics, Inc.

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XPO Logistics, Inc.

XPO

NYSE

XPO Logistics, Inc. provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and Brokerage and Other Services. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite regional, inter-regional, and transcontinental LTL freight services. This segment also offers cross-border U.S. service to and from Mexico and Canada, as well as intra-Canada service. The Brokerage and Other Services segment offers last mile logistics for heavy goods sold through e-commerce, omnichannel retail, and direct-to-consumer channels, as well as other non-core brokered freight transportation modes. It provides its services to customers in various industries, such as industrial and manufacturing, retail and e-commerce, food and beverage, logistics and transportation, and consumer goods. The company was incorporated in 2000 and is based in Greenwich, Connecticut.

109.74 USD

5.8 (5.29%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

16.25B

12.81B

7.72B

7.74B

8.07B

6.93B

5.96B

5.12B

4.4B

3.78B

Revenue %

-

-21.2

-39.73

0.34

4.24

-14.09

-14.09

-14.09

-14.09

Ebitda

727M

741M

941M

860M

1.19B

669.19M

574.9M

493.89M

424.3M

364.51M

Ebitda %

4.47

5.79

12.19

11.11

14.69

9.65

9.65

9.65

9.65

Ebit

257M

356M

549M

428M

696M

355.38M

305.31M

262.29M

225.33M

193.58M

Ebit %

1.58

2.78

7.11

5.53

8.62

5.12

5.12

5.12

5.12

Depreciation

470M

385M

392M

432M

490M

313.81M

269.59M

231.6M

198.97M

170.93M

Depreciation %

2.89

3.01

5.08

5.58

6.07

4.53

4.53

4.53

4.53

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

2.05B

260M

460M

412M

246M

402.16M

345.49M

296.81M

254.99M

219.06M

Total Cash %

12.64

2.03

5.96

5.32

3.05

5.8

5.8

5.8

5.8

Receivables

1.68B

908M

954M

973M

977M

755.27M

648.85M

557.42M

478.88M

411.4M

Receivables %

10.34

7.09

12.36

12.56

12.1

10.89

10.89

10.89

10.89

Inventories

-

26M

17M

-

-

5.87M

5.04M

4.33M

3.72M

3.2M

Inventories %

-

0.2

0.22

-

-

0.08

0.08

0.08

0.08

Payable

854M

519M

521M

532M

477M

399.95M

343.59M

295.18M

253.59M

217.85M

Payable %

5.25

4.05

6.75

6.87

5.91

5.77

5.77

5.77

5.77

Cap Ex

-526M

-313M

-521M

-1.53B

-789M

-582.53M

-500.45M

-429.93M

-369.35M

-317.31M

Cap Ex %

-3.24

-2.44

-6.75

-19.8

-9.77

-8.4

-8.4

-8.4

-8.4

Weighted Average Cost Of Capital

Price

109.74

Beta

Diluted Shares Outstanding

120M

Costof Debt

5.42

Tax Rate

After Tax Cost Of Debt

4.43

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

4.12B

Total Equity

13.17B

Total Capital

17.29B

Debt Weighting

23.82

Equity Weighting

76.18

Wacc

10.8

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

16.25B

12.81B

7.72B

7.74B

8.07B

6.93B

5.96B

5.12B

4.4B

3.78B

Ebitda

727M

741M

941M

860M

1.19B

669.19M

574.9M

493.89M

424.3M

364.51M

Ebit

257M

356M

549M

428M

696M

355.38M

305.31M

262.29M

225.33M

193.58M

Tax Rate

18.18

18.18

18.18

18.18

18.18

18.18

18.18

18.18

18.18

18.18

Ebiat

191.01M

291.75M

391.53M

311.12M

569.45M

271.59M

233.32M

200.44M

172.2M

147.93M

Depreciation

470M

385M

392M

432M

490M

313.81M

269.59M

231.6M

198.97M

170.93M

Receivables

1.68B

908M

954M

973M

977M

755.27M

648.85M

557.42M

478.88M

411.4M

Inventories

-

26M

17M

-

-

5.87M

5.04M

4.33M

3.72M

3.2M

Payable

854M

519M

521M

532M

477M

399.95M

343.59M

295.18M

253.59M

217.85M

Cap Ex

-526M

-313M

-521M

-1.53B

-789M

-582.53M

-500.45M

-429.93M

-369.35M

-317.31M

Ufcf

-690.99M

774.75M

227.53M

-780.88M

211.45M

141.67M

53.35M

45.84M

39.38M

33.83M

Wacc

10.8

10.8

10.8

10.8

10.8

Pv Ufcf

127.86M

43.46M

33.7M

26.13M

20.26M

Sum Pv Ufcf

251.42M

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

10.8

Free Cash Flow T1

34.84M

Terminal Value

446.89M

Present Terminal Value

267.64M

Intrinsic Value

Enterprise Value

519.06M

Net Debt

3.87B

Equity Value

-3.35B

Diluted Shares Outstanding

120M

Equity Value Per Share

-27.93

Projected DCF

-27.93 4.929%

DCF Levered

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