Old Dominion Financials

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Old Dominion Stock Summary

Old Dominion competes with ArcBest Corp, Marten Transport, Werner Enterprises, Knight Transportation, and RXO. 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. It employs 24586 people.

Old Dominion Key Financial Ratios

Old Dominion Key Balance Sheet Accounts

Old Dominion Key Cash Accounts

Old Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Old Dominion's current stock value. Our valuation model uses many indicators to compare Old Dominion value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Old Dominion competition to find correlations between indicators driving Old Dominion's intrinsic value. More Info.Old Dominion Freight is considered to be number one stock in return on equity category among its peers. It also is considered to be number one stock in return on asset category among its peers reporting about  0.63  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Old Dominion Freight is roughly  1.59 . At this time, Old Dominion's Return On Equity is quite stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Old Dominion by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Old Dominion Freight Systematic Risk

Today, most investors in Old Dominion Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Old Dominion's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Old Dominion growth as a starting point in their analysis.

Along with financial statement analysis, the daily predictive indicators of Old Dominion help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Old Dominion Freight. We use our internally-developed statistical techniques to arrive at the intrinsic value of Old Dominion Freight based on widely used predictive technical indicators. In general, we focus on analyzing Old Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Old Dominion's daily price indicators and compare them against related drivers.

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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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.

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.