Old Dominion Freight Stock Return On Asset
| ODFL Stock | USD 185.04 1.88 1.03% |
Old Dominion Freight fundamentals help investors to digest information that contributes to Old Dominion's financial success or failures. It also enables traders to predict the movement of Old Stock. The fundamental analysis module provides a way to measure Old Dominion's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Old Dominion stock.
Return On Assets is expected to rise to 0.24 this year. Old | Return On Asset |
Old Dominion Freight Company Return On Asset Analysis
Old Dominion's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Old Dominion Return On Asset | 0.19 |
Most of Old Dominion's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Old Dominion Freight is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Old Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Old Dominion is extremely important. It helps to project a fair market value of Old Stock properly, considering its historical fundamentals such as Return On Asset. Since Old Dominion's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Old Dominion's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Old Dominion's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Old Total Assets
Total Assets |
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Based on the latest financial disclosure, Old Dominion Freight has a Return On Asset of 0.1937. This is 137.98% lower than that of the Ground Transportation sector and 91.65% lower than that of the Industrials industry. The return on asset for all United States stocks is notably lower than that of the firm.
Old Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Old Dominion's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Old Dominion could also be used in its relative valuation, which is a method of valuing Old Dominion by comparing valuation metrics of similar companies.Old Dominion is currently under evaluation in return on asset category among related companies.
Old Fundamentals
| Return On Equity | 0.31 | |||
| Return On Asset | 0.19 | |||
| Profit Margin | 0.21 % | |||
| Operating Margin | 0.26 % | |||
| Current Valuation | 39.71 B | |||
| Shares Outstanding | 217.28 M | |||
| Shares Owned By Insiders | 19.80 % | |||
| Shares Owned By Institutions | 76.21 % | |||
| Number Of Shares Shorted | 5.08 M | |||
| Price To Earning | 46.55 X | |||
| Price To Book | 11.31 X | |||
| Price To Sales | 8.20 X | |||
| Revenue | 5.87 B | |||
| Gross Profit | 2.49 B | |||
| EBITDA | 1.97 B | |||
| Net Income | 1.24 B | |||
| Cash And Equivalents | 375.56 M | |||
| Cash Per Share | 3.37 X | |||
| Total Debt | 200.38 M | |||
| Debt To Equity | 0.03 % | |||
| Current Ratio | 1.74 X | |||
| Book Value Per Share | 20.23 X | |||
| Cash Flow From Operations | 1.57 B | |||
| Short Ratio | 3.22 X | |||
| Earnings Per Share | 5.68 X | |||
| Price To Earnings To Growth | 2.84 X | |||
| Target Price | 209.07 | |||
| Number Of Employees | 22.89 K | |||
| Beta | 1.08 | |||
| Market Capitalization | 40.21 B | |||
| Total Asset | 5.51 B | |||
| Retained Earnings | 4 B | |||
| Working Capital | 598.67 M | |||
| Current Asset | 381.73 M | |||
| Current Liabilities | 285.4 M | |||
| Annual Yield | 0.01 % | |||
| Five Year Return | 0.32 % | |||
| Net Asset | 5.51 B | |||
| Last Dividend Paid | 0.86 |
About Old Dominion Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Old Dominion Freight's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Old Dominion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Old Dominion Freight based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Old Dominion Investors Sentiment
The influence of Old Dominion's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Old. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Old Dominion's public news can be used to forecast risks associated with an investment in Old. The trend in average sentiment can be used to explain how an investor holding Old can time the market purely based on public headlines and social activities around Old Dominion Freight. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Old Dominion's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Old Dominion's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Old Dominion's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Old Dominion.
Old Dominion Implied Volatility | 27.69 |
Old Dominion's implied volatility exposes the market's sentiment of Old Dominion Freight stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Old Dominion's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Old Dominion stock will not fluctuate a lot when Old Dominion's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Old Dominion in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Old Dominion's short interest history, or implied volatility extrapolated from Old Dominion options trading.
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Try AI Portfolio ArchitectCheck out Old Dominion Piotroski F Score and Old Dominion Altman Z Score analysis. Note that the Old Dominion Freight information on this page should be used as a complementary analysis to other Old Dominion's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Old Stock analysis
When running Old Dominion's price analysis, check to measure Old Dominion's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Old Dominion is operating at the current time. Most of Old Dominion's value examination focuses on studying past and present price action to predict the probability of Old Dominion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Old Dominion's price. Additionally, you may evaluate how the addition of Old Dominion to your portfolios can decrease your overall portfolio volatility.
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Is Old Dominion's industry 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 0.039 | Dividend Share 0.86 | Earnings Share 5.68 | Revenue Per Share 26.959 | Quarterly Revenue Growth 0.012 |
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.