Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $444.17 million. The enterprise value is $2.34 billion.
| Market Cap | 444.17M |
| Enterprise Value | 2.34B |
Important Dates
The last earnings date was Wednesday, May 8, 2024, after market close.
| Earnings Date | May 8, 2024 |
| Ex-Dividend Date | Nov 21, 2023 |
Share Statistics
Forward Air has 26.44 million shares outstanding. The number of shares has increased by 0.12% in one year.
| Shares Outstanding | 26.44M |
| Shares Change (YoY) | +0.12% |
| Shares Change (QoQ) | +2.76% |
| Owned by Insiders (%) | 1.56% |
| Owned by Institutions (%) | 121.34% |
| Float | 22.34M |
Valuation Ratios
The trailing PE ratio is 7.57 and the forward PE ratio is 28.42. Forward Air's PEG ratio is 2.01.
| PE Ratio | 7.57 |
| Forward PE | 28.42 |
| PS Ratio | 0.30 |
| Forward PS | 0.15 |
| PB Ratio | 0.48 |
| P/FCF Ratio | 11.83 |
| PEG Ratio | 2.01 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 11.78, with an EV/FCF ratio of 62.30.
| EV / Earnings | 33.77 |
| EV / Sales | 1.57 |
| EV / EBITDA | 11.78 |
| EV / EBIT | 19.03 |
| EV / FCF | 62.30 |
Financial Position
The company has a current ratio of 1.28, with a Debt / Equity ratio of 2.23.
| Current Ratio | 1.28 |
| Quick Ratio | 1.18 |
| Debt / Equity | 2.23 |
| Debt / EBITDA | 10.41 |
| Debt / FCF | 55.06 |
| Interest Coverage | 1.76 |
Financial Efficiency
Return on equity (ROE) is 9.10% and return on invested capital (ROIC) is -1.22%.
| Return on Equity (ROE) | 9.10% |
| Return on Assets (ROA) | 3.00% |
| Return on Capital (ROIC) | -1.22% |
| Revenue Per Employee | $370,075 |
| Profits Per Employee | $17,257 |
| Employee Count | 4,014 |
| Asset Turnover | 0.64 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -16.30M |
| Effective Tax Rate | -30.77% |
Stock Price Statistics
The stock price has decreased by -82.73% in the last 52 weeks. The beta is 1.06, so Forward Air's price volatility has been similar to the market average.
| Beta (1Y) | 1.06 |
| 52-Week Price Change | -82.73% |
| 50-Day Moving Average | 21.96 |
| 200-Day Moving Average | 49.49 |
| Relative Strength Index (RSI) | 47.09 |
| Average Volume (30 Days) | 1,307,195 |
Short Selling Information
The latest short interest is 5.46 million, so 20.65% of the outstanding shares have been sold short.
| Short Interest | 5.46M |
| Short Previous Month | 4.22M |
| Short % of Shares Out | 20.65% |
| Short % of Float | 24.44% |
| Short Ratio (days to cover) | 4.97 |
Income Statement
In the last 12 months, Forward Air had revenue of $1.49 billion and earned $69.27 million in profits. Earnings per share was $2.22.
| Revenue | 1.49B |
| Gross Profit | 687.06M |
| Operating Income | -28.03M |
| Pretax Income | 52.97M |
| Net Income | 69.27M |
| EBITDA | 198.50M |
| EBIT | 122.94M |
| Earnings Per Share (EPS) | $2.22 |
Balance Sheet
The company has $172.27 million in cash and $2.07 billion in debt, giving a net cash position of -$1.89 billion or -$71.67 per share.
| Cash & Cash Equivalents | 172.27M |
| Total Debt | 2.07B |
| Net Cash | -1.89B |
| Net Cash Per Share | -$71.67 |
| Equity / Book Value | 926.07M |
| Book Value Per Share | 35.03 |
| Working Capital | 124.59M |
Cash Flow
In the last 12 months, operating cash flow was $63.68 million and capital expenditures -$26.13 million, giving a free cash flow of $37.55 million.
| Operating Cash Flow | 63.68M |
| Capital Expenditures | -26.13M |
| Free Cash Flow | 37.55M |
| FCF Per Share | $1.42 |
Margins
Gross margin is 46.25%, with operating and profit margins of -1.89% and 4.66%.
| Gross Margin | 46.25% |
| Operating Margin | -1.89% |
| Pretax Margin | 3.57% |
| Profit Margin | 4.66% |
| EBITDA Margin | 13.36% |
| EBIT Margin | 8.28% |
| FCF Margin | 2.53% |
Dividends & Yields
This stock pays an annual dividend of $0.48, which amounts to a dividend yield of 2.86%.
| Dividend Per Share | $0.48 |
| Dividend Yield | 2.86% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | 21.62% |
| Buyback Yield | -0.12% |
| Shareholder Yield | 2.74% |
| Earnings Yield | 15.60% |
| FCF Yield | 8.45% |
Analyst Forecast
The average price target for Forward Air is $71.80, which is 327.38% higher than the current price. The consensus rating is "Buy".
| Price Target | $71.80 |
| Price Target Difference | 327.38% |
| Analyst Consensus | Buy |
| Analyst Count | 8 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock Splits
The last stock split was on April 4, 2005. It was a forward split with a ratio of 3:2.
| Last Split Date | Apr 4, 2005 |
| Split Type | Forward |
| Split Ratio | 3:2 |
Scores
Forward Air has an Altman Z-Score of 0.76 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 0.76 |
| Piotroski F-Score | 3 |