Old Free Cash Flow Yield vs Book Value Per Share Analysis

ODFL Stock  USD 181.37  6.37  3.39%   
Old Dominion financial indicator trend analysis is much more than just breaking down Old Dominion Freight prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Old Dominion Freight is a good investment. Please check the relationship between Old Dominion Free Cash Flow Yield and its Book Value Per Share accounts. 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 closely tied with the direction of predictive economic indicators such as signals in census.

Free Cash Flow Yield vs Book Value Per Share

Free Cash Flow Yield vs Book Value Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Old Dominion Freight Free Cash Flow Yield account and Book Value Per Share. At this time, the significance of the direction appears to have strong relationship.
The correlation between Old Dominion's Free Cash Flow Yield and Book Value Per Share is 0.67. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Old Dominion Freight, assuming nothing else is changed. The correlation between historical values of Old Dominion's Free Cash Flow Yield and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Old Dominion Freight are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Free Cash Flow Yield i.e., Old Dominion's Free Cash Flow Yield and Book Value Per Share go up and down completely randomly.

Correlation Coefficient

0.67
Relationship DirectionPositive 
Relationship StrengthSignificant

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Most indicators from Old Dominion's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Old Dominion Freight current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied with the direction of predictive economic indicators such as signals in census.
At this time, Old Dominion's Selling General Administrative is quite stable compared to the past year. Enterprise Value Over EBITDA is expected to rise to 23.48 this year, although the value of Tax Provision will most likely fall to about 287.5 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.8B2.3B2.1B2.2B
Total Revenue5.3B6.3B5.9B6.2B

Old Dominion fundamental ratios Correlations

0.780.040.490.750.770.72-0.680.770.620.710.74-0.460.780.760.75-0.520.36-0.580.770.84-0.340.270.650.650.83
0.78-0.060.780.981.00.99-0.791.00.930.850.990.00.750.980.9-0.30.26-0.310.960.94-0.260.040.880.920.67
0.04-0.060.070.01-0.11-0.050.43-0.13-0.05-0.07-0.050.29-0.13-0.070.260.26-0.140.060.14-0.10.52-0.170.25-0.010.18
0.490.780.070.750.770.77-0.610.770.70.730.760.30.630.770.75-0.12-0.02-0.050.770.75-0.06-0.560.740.680.53
0.750.980.010.750.970.99-0.680.970.950.760.99-0.030.640.990.9-0.330.24-0.260.970.87-0.170.070.920.940.68
0.771.0-0.110.770.970.99-0.821.00.920.870.990.00.770.980.87-0.280.24-0.330.940.94-0.310.040.860.920.64
0.720.99-0.050.770.990.99-0.720.980.960.791.00.050.660.980.89-0.260.21-0.240.960.88-0.20.020.90.950.65
-0.68-0.790.43-0.61-0.68-0.82-0.72-0.83-0.59-0.92-0.730.09-0.91-0.73-0.540.22-0.270.48-0.62-0.90.62-0.06-0.47-0.61-0.41
0.771.0-0.130.770.971.00.98-0.830.920.870.990.00.770.980.86-0.280.24-0.330.940.94-0.320.040.850.920.64
0.620.93-0.050.70.950.920.96-0.590.920.650.960.070.50.930.86-0.270.19-0.110.920.76-0.050.010.860.920.59
0.710.85-0.070.730.760.870.79-0.920.870.650.80.10.940.780.7-0.060.18-0.490.750.95-0.47-0.060.640.710.46
0.740.99-0.050.760.990.991.0-0.730.990.960.80.030.680.980.9-0.280.22-0.260.970.89-0.210.030.90.950.66
-0.460.00.290.3-0.030.00.050.090.00.070.10.03-0.11-0.050.050.71-0.320.440.01-0.090.32-0.580.120.05-0.28
0.780.75-0.130.630.640.770.66-0.910.770.50.940.68-0.110.680.64-0.230.32-0.540.660.93-0.510.020.510.530.53
0.760.98-0.070.770.990.980.98-0.730.980.930.780.98-0.050.680.89-0.40.33-0.220.960.9-0.210.070.90.90.7
0.750.90.260.750.90.870.89-0.540.860.860.70.90.050.640.89-0.360.35-0.120.980.830.02-0.030.920.790.8
-0.52-0.30.26-0.12-0.33-0.28-0.260.22-0.28-0.27-0.06-0.280.71-0.23-0.4-0.36-0.73-0.09-0.35-0.330.03-0.4-0.26-0.09-0.66
0.360.26-0.14-0.020.240.240.21-0.270.240.190.180.22-0.320.320.330.35-0.730.230.310.340.040.570.26-0.040.53
-0.58-0.310.06-0.05-0.26-0.33-0.240.48-0.33-0.11-0.49-0.260.44-0.54-0.22-0.12-0.090.23-0.19-0.440.64-0.25-0.11-0.35-0.08
0.770.960.140.770.970.940.96-0.620.940.920.750.970.010.660.960.98-0.350.31-0.190.87-0.070.020.950.880.76
0.840.94-0.10.750.870.940.88-0.90.940.760.950.89-0.090.930.90.83-0.330.34-0.440.87-0.410.050.760.770.66
-0.34-0.260.52-0.06-0.17-0.31-0.20.62-0.32-0.05-0.47-0.210.32-0.51-0.210.020.030.040.64-0.07-0.41-0.260.04-0.230.06
0.270.04-0.17-0.560.070.040.02-0.060.040.01-0.060.03-0.580.020.07-0.03-0.40.57-0.250.020.05-0.26-0.020.010.13
0.650.880.250.740.920.860.9-0.470.850.860.640.90.120.510.90.92-0.260.26-0.110.950.760.04-0.020.830.72
0.650.92-0.010.680.940.920.95-0.610.920.920.710.950.050.530.90.79-0.09-0.04-0.350.880.77-0.230.010.830.49
0.830.670.180.530.680.640.65-0.410.640.590.460.66-0.280.530.70.8-0.660.53-0.080.760.660.060.130.720.49
Click cells to compare fundamentals

Old Dominion Account Relationship Matchups

Old Dominion fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding241.2M237.0M232.8M226.2M220.2M142.7M
Total Assets3.5B4.4B4.8B4.8B5.5B5.8B
Short Long Term Debt Total99.9M112.9M119.9M100.0M200.4M138.0M
Other Current Liab304.6M381.7M93.0M403.5M411.9M432.5M
Total Current Liabilities356.7M373.1M464.2M529.8M544.7M571.9M
Total Stockholder Equity2.7B3.3B3.7B3.7B4.3B4.5B
Property Plant And Equipment Net2.8B2.9B3.2B3.7B4.2B4.4B
Net Debt(145.3M)(301.5M)(362.6M)(86.3M)(233.4M)(221.8M)
Retained Earnings2.5B3.1B3.5B3.4B4.0B4.2B
Accounts Payable78.5M68.5M82.5M106.3M112.8M118.4M
Cash190.3M401.4M462.6M186.3M433.8M455.5M
Non Current Assets Total2.8B3.1B3.4B3.9B4.4B4.6B
Non Currrent Assets Other84.1M(8.2M)(26.6M)(92.7M)157.3M165.1M
Cash And Short Term Investments190.3M731.7M717.0M235.7M433.8M455.5M
Net Receivables468.3M454.2M599.1M605.1M615.3M646.1M
Liabilities And Stockholders Equity3.5B4.4B4.8B4.8B5.5B5.8B
Non Current Liabilities Total508.1M670.0M677.5M655.9M709.9M745.4M
Inventory(468.3M)(454.2M)(599.1M)(605.1M)(17.9M)(18.8M)
Other Current Assets511.6M666.8M698.1M92.9M94.2M183.7M
Other Stockholder Equity1.5B226.5M174.4M244.6M243.0M475.8M
Total Liab864.8M1.0B1.1B1.2B1.3B1.3B
Total Current Assets706.2M1.2B1.4B933.7M1.1B1.2B
Common Stock Total Equity8.0M11.7M11.5M11.0M12.7M13.3M
Property Plant And Equipment Gross3.0B2.9B5.1B5.8B6.2B6.6B
Common Stock8.1M11.7M11.5M11.0M10.9M6.1M
Other Liab447.7M570.1M577.6M495.1M569.4M597.9M
Other Assets75.1M2.7B222.1M122.6M1.00.95
Property Plant Equipment3.0B2.9B3.2B3.7B4.2B4.5B
Net Tangible Assets3.1B3.3B3.7B3.7B4.2B2.3B
Retained Earnings Total Equity2.9B3.1B3.5B3.4B3.9B2.1B
Capital Surpluse222.4M226.5M174.4M244.6M281.3M173.3M
Deferred Long Term Liab262.0M220.2M248.7M310.5M357.1M234.8M

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When determining whether Old Dominion Freight is a strong investment it is important to analyze Old Dominion's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Old Dominion's future performance. For an informed investment choice regarding Old Stock, refer to the following important reports:
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 closely tied with the direction of predictive economic indicators such as signals in census.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Cargo Ground Transportation space 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
(0.07)
Dividend Share
0.98
Earnings Share
5.71
Revenue Per Share
27.363
Quarterly Revenue Growth
(0.03)
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.