| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 19.60 | -82 |
| Graham Formula | 106.60 | -1 |
Expeditors International of Washington, Inc. (EW1.DE) is a leading global logistics provider specializing in airfreight, ocean freight, customs brokerage, and supply chain solutions. Headquartered in Seattle, Washington, the company operates across the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. Expeditors offers a comprehensive suite of services, including freight consolidation, order management, warehousing, distribution, and trade compliance solutions. Catering to industries such as retail, electronics, technology, and manufacturing, Expeditors leverages its extensive network and expertise to optimize logistics for its clients. With a strong focus on efficiency and compliance, the company plays a critical role in global trade, ensuring seamless cargo movement and regulatory adherence. As a key player in the Industrials sector, Expeditors stands out for its integrated logistics solutions and customer-centric approach.
Expeditors International presents a stable investment opportunity within the logistics sector, supported by its diversified service offerings and global footprint. The company's strong revenue base (€10.6 billion in FY 2023) and net income (€810 million) reflect its operational efficiency. With a market cap of €15.1 billion and a beta of 0.97, Expeditors exhibits lower volatility compared to the broader market. However, the logistics industry faces risks from economic downturns, fluctuating freight rates, and geopolitical disruptions. The company's solid cash position (€1.15 billion) and manageable debt (€569 million) provide financial resilience. Investors should weigh its steady dividend (€0.67 per share) against potential sector headwinds.
Expeditors International competes in the highly fragmented logistics industry, where differentiation is driven by network reach, service quality, and technological capabilities. The company's competitive advantage lies in its integrated logistics solutions, combining air and ocean freight with customs brokerage and supply chain optimization. Its asset-light model allows flexibility and scalability, reducing capital intensity. Expeditors' strong relationships with airlines and shipping lines enhance its freight consolidation capabilities, offering cost efficiencies to clients. However, the company faces intense competition from larger players with broader global networks and digital-first logistics platforms. Expeditors' focus on high-touch, customized solutions differentiates it from low-cost, transactional competitors. Its ability to navigate complex regulatory environments and provide end-to-end visibility strengthens its value proposition, particularly for industries requiring specialized logistics support.