How to buy Old Dominion Freight Line (ODFL) shares in Australia
Learn how to easily invest in Old Dominion Freight Line shares.
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Old Dominion Freight Line Inc (ODFL) is a leading trucking business with stocks listed in the US. It opened the day at US$259.37 after a previous close of US$256.44. During the day the price has varied from a low of USD257.88 to a high of USD261.12. The latest price was USD260.58 (25 minute delay). Old Dominion Freight Line is listed on the NASDAQ. All prices are listed in US Dollars.
How to buy shares in Old Dominion Freight Line
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Old Dominion Freight Line. Find the share by name or ticker symbol: ODFL. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Old Dominion Freight Line reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$256.44, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Old Dominion Freight Line, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Old Dominion Freight Line. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Old Dominion Freight Line key stats
- Compare share trading platforms
- Is Old Dominion Freight Line stock a buy or sell?
- Old Dominion Freight Line performance over time
- Are Old Dominion Freight Line shares over-valued?
- Old Dominion Freight Line's financials
- How volatile are Old Dominion Freight Line shares?
- Does Old Dominion Freight Line pay a dividend?
- Have Old Dominion Freight Line shares ever split?
- Other common questions
Old Dominion Freight Line stock price (NASDAQ:ODFL)Use our graph to track the performance of ODFL stocks over time.
Old Dominion Freight Line shares at a glance
|52-week range||US$189.0083 - US$364.07|
|50-day moving average||US$321.2724|
|200-day moving average||US$272.0494|
|Dividend yield||US$0.75 (0.21%)|
|Earnings per share (TTM)||US$8.087|
Where to buy Old Dominion Freight Line stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Old Dominion Freight Line stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
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Old Dominion Freight Line price performance over time
|1 week (2021-11-26)||-25.98%|
|1 month (2021-11-03)||-25.19%|
|3 months (2021-09-03)||-13.47%|
|6 months (2021-06-02)||-1.08%|
|1 year (2020-12-03)||25.88%|
|2 years (2019-12-02)||109.83%|
|3 years (2018-11-30)||185.87%|
|5 years (2016-12-02)||343.46%|
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Is Old Dominion Freight Line under- or over-valued?
Valuing Old Dominion Freight Line stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Old Dominion Freight Line's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Old Dominion Freight Line's P/E ratio
Old Dominion Freight Line's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 44x. In other words, Old Dominion Freight Line shares trade at around 44x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Old Dominion Freight Line's PEG ratio
Old Dominion Freight Line's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.0809. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Old Dominion Freight Line's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Old Dominion Freight Line's EBITDA
Old Dominion Freight Line's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$1.5 billion (£1.2 billion).
The EBITDA is a measure of a Old Dominion Freight Line's overall financial performance and is widely used to measure a its profitability.
Old Dominion Freight Line financials
|Revenue TTM||US$4.9 billion|
|Operating margin TTM||25.89%|
|Gross profit TTM||US$1.5 billion|
|Return on assets TTM||17.91%|
|Return on equity TTM||28.69%|
|Market capitalisation||US$40.5 billion|
TTM: trailing 12 months
Old Dominion Freight Line share dividends
Dividend payout ratio: 9.89% of net profits
Recently Old Dominion Freight Line has paid out, on average, around 9.89% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.22% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Old Dominion Freight Line shareholders could enjoy a 0.22% return on their shares, in the form of dividend payments. In Old Dominion Freight Line's case, that would currently equate to about $0.75 per share.
While Old Dominion Freight Line's payout ratio might seem low, this can signify that Old Dominion Freight Line is investing more in its future growth.
Old Dominion Freight Line's most recent dividend payout was on 14 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 29 November 2021 (the "ex-dividend date").
Have Old Dominion Freight Line's shares ever split?
Old Dominion Freight Line's shares were split on a 3:2 basis on 24 March 2020. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Old Dominion Freight Line shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Old Dominion Freight Line shares which in turn could have impacted Old Dominion Freight Line's share price.
Old Dominion Freight Line share price volatility
Over the last 12 months, Old Dominion Freight Line's shares have ranged in value from as little as US$189.0083 up to US$364.07. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Old Dominion Freight Line's is 1.0488. This would suggest that Old Dominion Freight Line's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Old Dominion Freight Line overview
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. It owns 9,288 tractors and 42 maintenance centers. As of August 3, 2021, it owned 248 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.
Old Dominion Freight Line in the news
Old Dominion Freight Line (ODFL) Surges 82% YTD: Here's Why
Old Dominion Freight Line Inc. stock underperforms Wednesday when compared to competitors
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