Forward Air Corporation (FWRD)

Forward Air Statistics

Total Valuation

Forward Air has a market cap or net worth of $867.47 million. The enterprise value is $2.84 billion.

Market Cap	867.47M
Enterprise Value	2.84B

Important Dates

The last earnings date was Monday, November 4, 2024, after market close.

Earnings Date	Nov 4, 2024
Ex-Dividend Date	n/a

Share Statistics

Forward Air has 28.95 million shares outstanding. The number of shares has increased by 1.54% in one year.

Current Share Class	28.95M
Shares Outstanding	28.95M
Shares Change (YoY)	+1.54%
Shares Change (QoQ)	+4.25%
Owned by Insiders (%)	1.72%
Owned by Institutions (%)	94.86%
Float	21.05M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	0.38
Forward PS	0.32
PB Ratio	3.89
P/TBV Ratio	n/a
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	1.30
EV / EBITDA	12.82
EV / EBIT	28.24
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.21, with a Debt / Equity ratio of 6.20.

Current Ratio	1.21
Quick Ratio	1.11
Debt / Equity	6.20
Debt / EBITDA	2.67
Debt / FCF	n/a
Interest Coverage	0.61

Financial Efficiency

Return on equity (ROE) is -220.34% and return on invested capital (ROIC) is 3.71%.

Return on Equity (ROE)	-220.34%
Return on Assets (ROA)	2.96%
Return on Capital (ROIC)	3.71%
Revenue Per Employee	$512,784
Profits Per Employee	-$159,990
Employee Count	4,251
Asset Turnover	1.03
Inventory Turnover	n/a

Taxes

Income Tax	-198.25M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -54.46% in the last 52 weeks. The beta is 1.02, so Forward Air's price volatility has been similar to the market average.

Beta (5Y)	1.02
52-Week Price Change	-54.46%
50-Day Moving Average	34.71
200-Day Moving Average	28.00
Relative Strength Index (RSI)	35.62
Average Volume (20 Days)	526,661

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, Forward Air had revenue of $2.18 billion and -$680.12 million in losses. Loss per share was -$25.52.

Revenue	2.18B
Gross Profit	444.45M
Operating Income	100.56M
Pretax Income	-795.03M
Net Income	-680.12M
EBITDA	221.55M
EBIT	100.56M
Loss Per Share	-$25.52

Balance Sheet

The company has $136.62 million in cash and $2.09 billion in debt, giving a net cash position of -$1.95 billion or -$67.40 per share.

Cash & Cash Equivalents	136.62M
Total Debt	2.09B
Net Cash	-1.95B
Net Cash Per Share	-$67.40
Equity (Book Value)	336.53M
Book Value Per Share	7.88
Working Capital	96.38M

Cash Flow

In the last 12 months, operating cash flow was -$29.83 million and capital expenditures -$38.46 million, giving a free cash flow of -$68.28 million.

Operating Cash Flow	-29.83M
Capital Expenditures	-38.46M
Free Cash Flow	-68.28M
FCF Per Share	-$2.36

Margins

Gross margin is 20.39%, with operating and profit margins of 4.61% and -31.14%.

Gross Margin	20.39%
Operating Margin	4.61%
Pretax Margin	-59.75%
Profit Margin	-31.14%
EBITDA Margin	10.16%
EBIT Margin	4.61%
FCF Margin	n/a

Dividends & Yields

Forward Air 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	-1.54%
Shareholder Yield	-1.54%
Earnings Yield	-76.59%
FCF Yield	-7.69%

Analyst Forecast

The average price target for Forward Air is $30.00, which is 0.13% higher than the current price. The consensus rating is "Hold".

Price Target	$30.00
Price Target Difference	0.13%
Analyst Consensus	Hold
Analyst Count	4
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 1.5:1.

Last Split Date	Apr 4, 2005
Split Type	Forward
Split Ratio	1.5:1

Scores

Forward Air has an Altman Z-Score of 0.95 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	0.95
Piotroski F-Score	3