Forward Air Statistics
Total Valuation
Forward Air has a market cap or net worth of $610.24 million. The enterprise value is $2.39 billion.
| Market Cap | 610.24M |
| Enterprise Value | 2.39B |
Important Dates
The next estimated earnings date is Friday, May 3, 2024, after market close.
| Earnings Date | May 3, 2024 |
| Ex-Dividend Date | Nov 21, 2023 |
Share Statistics
Forward Air has 25.66 million shares outstanding. The number of shares has decreased by -3.49% in one year.
| Shares Outstanding | 25.66M |
| Shares Change (YoY) | -3.49% |
| Shares Change (QoQ) | -0.13% |
| Owned by Insiders (%) | 1.63% |
| Owned by Institutions (%) | 99.90% |
| Float | n/a |
Valuation Ratios
The trailing PE ratio is 3.72 and the forward PE ratio is 48.98. Forward Air's PEG ratio is 2.01.
| PE Ratio | 3.72 |
| Forward PE | 48.98 |
| PS Ratio | 0.45 |
| Forward PS | 0.22 |
| PB Ratio | 0.80 |
| P/FCF Ratio | 3.95 |
| PEG Ratio | 2.01 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 8.86, with an EV/FCF ratio of 15.51.
| EV / Earnings | 14.31 |
| EV / Sales | 1.75 |
| EV / EBITDA | 8.86 |
| EV / EBIT | 11.25 |
| EV / FCF | 15.51 |
Financial Position
The company has a current ratio of 1.46, with a Debt / Equity ratio of 2.55.
| Current Ratio | 1.46 |
| Quick Ratio | 1.35 |
| Debt / Equity | 2.55 |
| Debt / EBITDA | 7.20 |
| Debt / FCF | 12.60 |
| Interest Coverage | 6.74 |
Financial Efficiency
Return on equity (ROE) is 24.00% and return on invested capital (ROIC) is 3.01%.
| Return on Equity (ROE) | 24.00% |
| Return on Assets (ROA) | 10.20% |
| Return on Capital (ROIC) | 3.01% |
| Revenue Per Employee | $341,489 |
| Profits Per Employee | $41,692 |
| Employee Count | 4,014 |
| Asset Turnover | 0.83 |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, Forward Air has paid $13.84 million in taxes.
| Income Tax | 13.84M |
| Effective Tax Rate | 7.64% |
Stock Price Statistics
The stock price has decreased by -78.29% in the last 52 weeks. The beta is 0.99, so Forward Air's price volatility has been similar to the market average.
| Beta (1Y) | 0.99 |
| 52-Week Price Change | -78.29% |
| 50-Day Moving Average | 31.88 |
| 200-Day Moving Average | 62.65 |
| Relative Strength Index (RSI) | 33.26 |
| Average Volume (30 Days) | 1,026,708 |
Short Selling Information
The latest short interest is 3.70 million, so 14.43% of the outstanding shares have been sold short.
| Short Interest | 3.70M |
| Short Previous Month | 3.34M |
| Short % of Shares Out | 14.43% |
| Short % of Float | n/a |
| Short Ratio (days to cover) | 2.65 |
Income Statement
In the last 12 months, Forward Air had revenue of $1.37 billion and earned $167.35 million in profits. Earnings per share was $6.40.
| Revenue | 1.37B |
| Gross Profit | 675.12M |
| Operating Income | 88.21M |
| Pretax Income | 181.19M |
| Net Income | 167.35M |
| EBITDA | 270.16M |
| EBIT | 212.76M |
| Earnings Per Share (EPS) | $6.40 |
Balance Sheet
The company has $161.57 million in cash and $1.95 billion in debt, giving a net cash position of -$1.78 billion or -$69.53 per share.
| Cash & Cash Equivalents | 161.57M |
| Total Debt | 1.95B |
| Net Cash | -1.78B |
| Net Cash Per Share | -$69.53 |
| Equity / Book Value | 764.26M |
| Book Value Per Share | 29.78 |
| Working Capital | 109.93M |
Cash Flow
In the last 12 months, operating cash flow was $181.39 million and capital expenditures -$26.98 million, giving a free cash flow of $154.40 million.
| Operating Cash Flow | 181.39M |
| Capital Expenditures | -26.98M |
| Free Cash Flow | 154.40M |
| FCF Per Share | $6.02 |
Margins
Gross margin is 49.25%, with operating and profit margins of 6.44% and 12.21%.
| Gross Margin | 49.25% |
| Operating Margin | 6.44% |
| Pretax Margin | 13.22% |
| Profit Margin | 12.21% |
| EBITDA Margin | 19.71% |
| EBIT Margin | 15.52% |
| FCF Margin | 11.26% |
Dividends & Yields
This stock pays an annual dividend of $0.72, which amounts to a dividend yield of 3.03%.
| Dividend Per Share | $0.72 |
| Dividend Yield | 3.03% |
| Dividend Growth (YoY) | n/a |
| Years of Dividend Growth | n/a |
| Payout Ratio | 11.25% |
| Buyback Yield | 3.49% |
| Shareholder Yield | 6.52% |
| Earnings Yield | 27.42% |
| FCF Yield | 25.30% |
Analyst Forecast
The average price target for Forward Air is $72.50, which is 204.88% higher than the current price. The consensus rating is "Hold".
| Price Target | $72.50 |
| Price Target Difference | 204.88% |
| Analyst Consensus | Hold |
| 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 1.13 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.
| Altman Z-Score | 1.13 |
| Piotroski F-Score | 5 |