Fortrea Holdings Inc. (FTRE)

Fortrea Holdings Statistics

Total Valuation

FTRE has a market cap or net worth of $1.78 billion. The enterprise value is $2.82 billion.

Market Cap	1.78B
Enterprise Value	2.82B

Important Dates

The last earnings date was Friday, November 8, 2024, before market open.

Earnings Date	Nov 8, 2024
Ex-Dividend Date	n/a

Share Statistics

FTRE has 89.70 million shares outstanding. The number of shares has increased by 0.34% in one year.

Current Share Class	89.70M
Shares Outstanding	89.70M
Shares Change (YoY)	+0.34%
Shares Change (QoQ)	+0.22%
Owned by Insiders (%)	0.35%
Owned by Institutions (%)	93.43%
Float	74.00M

Valuation Ratios

PE Ratio	n/a
Forward PE	15.46
PS Ratio	0.57
Forward PS	0.60
PB Ratio	1.13
P/TBV Ratio	n/a
P/FCF Ratio	7.87
P/OCF Ratio	6.73
PEG Ratio	1.98

Enterprise Valuation

The stock's EV/EBITDA ratio is 104.03, with an EV/FCF ratio of 12.53.

EV / Earnings	n/a
EV / Sales	0.95
EV / EBITDA	104.03
EV / EBIT	n/a
EV / FCF	12.53

Financial Position

The company has a current ratio of 1.18, with a Debt / Equity ratio of 0.80.

Current Ratio	1.18
Quick Ratio	1.00
Debt / Equity	0.80
Debt / EBITDA	21.41
Debt / FCF	5.36
Interest Coverage	-0.49

Financial Efficiency

Return on equity (ROE) is -13.59% and return on invested capital (ROIC) is -1.37%.

Return on Equity (ROE)	-13.59%
Return on Assets (ROA)	-1.04%
Return on Capital (ROIC)	-1.37%
Revenue Per Employee	$165,311
Profits Per Employee	-$16,667
Employee Count	18,000
Asset Turnover	0.75
Inventory Turnover	n/a

Taxes

Income Tax	-5.30M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -40.41% in the last 52 weeks.

Beta (5Y)	n/a
52-Week Price Change	-40.41%
50-Day Moving Average	19.56
200-Day Moving Average	27.37
Relative Strength Index (RSI)	49.53
Average Volume (20 Days)	1,418,293

Short Selling Information

The latest short interest is 7.22 million, so 8.05% of the outstanding shares have been sold short.

Short Interest	7.22M
Short Previous Month	7.29M
Short % of Shares Out	8.05%
Short % of Float	9.76%
Short Ratio (days to cover)	6.32

Income Statement

In the last 12 months, FTRE had revenue of $2.98 billion and -$300.00 million in losses. Loss per share was -$3.36.

Revenue	2.98B
Gross Profit	454.90M
Operating Income	-66.70M
Pretax Income	-283.50M
Net Income	-300.00M
EBITDA	27.10M
EBIT	-66.70M
Loss Per Share	-$3.36

Balance Sheet

The company has $105.30 million in cash and $1.21 billion in debt, giving a net cash position of -$1.10 billion or -$12.28 per share.

Cash & Cash Equivalents	105.30M
Total Debt	1.21B
Net Cash	-1.10B
Net Cash Per Share	-$12.28
Equity (Book Value)	1.51B
Book Value Per Share	16.87
Working Capital	141.10M

Cash Flow

In the last 12 months, operating cash flow was $263.10 million and capital expenditures -$38.10 million, giving a free cash flow of $225.00 million.

Operating Cash Flow	263.10M
Capital Expenditures	-38.10M
Free Cash Flow	225.00M
FCF Per Share	$2.51

Margins

Gross margin is 15.29%, with operating and profit margins of -2.24% and -10.08%.

Gross Margin	15.29%
Operating Margin	-2.24%
Pretax Margin	-7.50%
Profit Margin	-10.08%
EBITDA Margin	0.91%
EBIT Margin	-2.24%
FCF Margin	8.16%

Dividends & Yields

FTRE does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-0.34%
Shareholder Yield	-0.34%
Earnings Yield	-16.95%
FCF Yield	12.71%

Analyst Forecast

The average price target for FTRE is $24.50, which is 23.64% higher than the current price. The consensus rating is "Hold".

Price Target	$24.50
Price Target Difference	23.64%
Analyst Consensus	Hold
Analyst Count	11
Revenue Growth Forecast (5Y)	3.51%
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

FTRE has an Altman Z-Score of 1.41 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.41
Piotroski F-Score	3