Old Dominion Stock Today

ODFL
 Stock
  

USD 306.91  3.74  1.23%   

Market Performance
6 of 100
Odds Of Distress
Less than 48
Old Dominion is selling for 306.91 as of the 8th of August 2022. This is a 1.23 percent increase since the beginning of the trading day. The stock's lowest day price was 303.15. Old Dominion has 48 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Old Dominion Freight are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of July 2022 and ending today, the 8th of August 2022. Click here to learn more.
CUSIP
679580100
Fiscal Year End
December
Business Domain
Transportation
IPO Date
24th of October 1991
Category
Industrials
Classification
Industrials
ISIN
US6795801009
Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina. Old Dominion operates under Trucking classification in the United States and is traded on NASDAQ Exchange. The company has 115.01 M outstanding shares of which 3.96 M shares are now shorted by private and institutional investors with about 4.75 trading days to cover. More on Old Dominion Freight
Follow Valuation Options Odds of Bankruptcy
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Old Dominion Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Old Dominion's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Old Dominion or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
About 74.0% of the company shares are owned by institutional investors
On 15th of June 2022 Old Dominion paid $ 0.3 per share dividend to its current shareholders
Latest headline from www.marketscreener.com: OLD DOMINION FREIGHT LINE, INC. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Marketscreener.com
Vice Chairman and CEODavid Congdon
Average Analyst Recommendation
Analysts covering Old Dominion report their recommendations after researching Old Dominion's financial statements, talking to executives and customers, or listening in on Old Dominion's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Old Dominion Freight. The Old Dominion consensus assessment is calculated by taking the average forecast from all of the analysts covering Old Dominion.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Old Dominion Freight based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Old Dominion Freight financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares133 M115.7 M
Fairly Up
Decreasing
Slightly volatile
Weighted Average Shares Diluted133.5 M116.4 M
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations1.3 B1.2 B
Significantly Up
Increasing
Slightly volatile
Total Assets5.2 B4.8 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities942.7 M1.1 B
Significantly Down
Increasing
Slightly volatile
Current Assets1.5 B1.4 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities369.7 M464.2 M
Significantly Down
Increasing
Slightly volatile
Total Debt41.6 M40.5 M
Fairly Up
Decreasing
Slightly volatile
Return on Average Assets24.2822.5085
Significantly Up
Increasing
Slightly volatile
Gross Margin91.5296.4655
Notably Down
Decreasing
Stable
Asset Turnover1.31.1438
Fairly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Old Dominion's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Financial Strength
Old Dominion's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Old Dominion's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Old Dominion's financial leverage. It provides some insight into what part of Old Dominion's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Old Dominion's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Old Dominion deploys its capital and how much of that capital is borrowed.
Liquidity
Old Dominion cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 99.95 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Old Dominion Freight has a current ratio of 1.88, which is within standard range for the sector. Debt can assist Old Dominion until it has trouble settling it off, either with new capital or with free cash flow. So, Old Dominion's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Old Dominion Freight sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Old Dominion to invest in growth at high rates of return. When we think about Old Dominion's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

1.31 Billion
Old Dominion Freight (ODFL) is traded on NASDAQ Exchange in USA and employs 24,585 people. The company currently falls under 'Large-Cap' category with current market capitalization of 34.01 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Old Dominion's market, we take the total number of its shares issued and multiply it by Old Dominion's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Old Dominion Freight conducts business under Industrials sector and is part of Trucking industry. The entity has 115.01 M outstanding shares of which 3.96 M shares are now shorted by private and institutional investors with about 4.75 trading days to cover. Old Dominion Freight currently holds about 420.52 M in cash with 1.29 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.72.
Check Old Dominion Probability Of Bankruptcy
Ownership
Old Dominion owns a total of one hundred fifteen million ten thousand outstanding shares. The majority of Old Dominion Freight outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Old Dominion Freight to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Old Dominion. Please pay attention to any change in the institutional holdings of Old Dominion Freight as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Old Dominion Ownership Details

Old Dominion Stock Price Odds Analysis

What are Old Dominion's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Old Dominion jumping above the current price in 90 days from now is near 1%. The Old Dominion Freight probability density function shows the probability of Old Dominion stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6069. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Old Dominion will likely underperform. Additionally, the company has an alpha of 0.1736, implying that it can generate a 0.17 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 306.91HorizonTargetOdds Above 306.91
99.05%90 days
 306.91 
0.94%
Based on a normal probability distribution, the odds of Old Dominion to move above the current price in 90 days from now is near 1 (This Old Dominion Freight probability density function shows the probability of Old Dominion Stock to fall within a particular range of prices over 90 days) .

Old Dominion Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Old Dominion that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Old Dominion's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Old Dominion's value.
InstituionSecurity TypeTotal SharesValue
Cibc Private Wealth Group LlcCommon Shares1.4 M354.1 M
Kbc Group NvCommon Shares388.9 K99.7 M
View Old Dominion Diagnostics

Old Dominion Historical Income Statement

Old Dominion Freight Income Statement is one of the three primary financial statements used for reporting Old Dominion's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Old Dominion Freight revenue and expense. Old Dominion Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Old Dominion Net Income Common Stock is relatively stable at the moment as compared to the past year. The company's current value of Net Income Common Stock is estimated at 763.73 Million. Operating Income is expected to hike to about 1.5 B this year, although the value of Earning Before Interest and Taxes EBIT will most likely fall to nearly 766.9 M. View More Fundamentals

Old Dominion Stock Against Markets

Picking the right benchmark for Old Dominion stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Old Dominion stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Old Dominion is critical whether you are bullish or bearish towards Old Dominion Freight at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Old Dominion without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Old Dominion Corporate Directors

Old Dominion corporate directors refer to members of an Old Dominion board of directors. The board of directors generally takes responsibility for the Old Dominion's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Old Dominion's board members must vote for the resolution. The Old Dominion board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michael Wray - Independent DirectorProfile
Patrick Hanley - Independent DirectorProfile
Sherry Aaholm - Independent DirectorProfile
Robert Culp - Lead Independent DirectorProfile

Invested in Old Dominion Freight?

You need to understand the risk of investing before taking a position in Old Dominion. The danger of trading Old Dominion Freight is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Old Dominion is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Old Dominion. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Old Dominion Freight is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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When running Old Dominion Freight 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 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 Dominion 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 YOY
0.43
Market Capitalization
33.9 B
Quarterly Revenue Growth YOY
0.26
Return On Assets
0.22
Return On Equity
0.36
The market value of Old Dominion Freight is measured differently than its book value, which is the value of Old Dominion 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 Old Dominion value 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.