Forward Air Corporation (FWRD)
NASDAQ: FWRD · IEX Real-Time Price · USD
20.98
-0.52 (-2.42%)
At close: Jun 18, 2024, 4:00 PM
21.94
+0.96 (4.58%)
Pre-market: Jun 20, 2024, 8:21 AM EDT

Forward Air Statistics

Total Valuation

Forward Air has a market cap or net worth of $554.68 million. The enterprise value is $2.45 billion.

Market Cap 554.68M
Enterprise Value 2.45B

Important Dates

The next estimated earnings date is Wednesday, July 31, 2024, after market close.

Earnings Date Jul 31, 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 (%) 1.62%
Owned by Institutions (%) 127.73%
Float 20.42M

Valuation Ratios

The trailing PE ratio is 9.45 and the forward PE ratio is 37.36. Forward Air's PEG ratio is 2.01.

PE Ratio 9.45
Forward PE 37.36
PS Ratio 0.37
Forward PS 0.19
PB Ratio 0.60
P/FCF Ratio 14.77
PEG Ratio 2.01
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 12.34, with an EV/FCF ratio of 65.24.

EV / Earnings 35.36
EV / Sales 1.65
EV / EBITDA 12.34
EV / EBIT 19.92
EV / FCF 65.24

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 -79.59% 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 -79.59%
50-Day Moving Average 19.88
200-Day Moving Average 46.64
Relative Strength Index (RSI) 58.42
Average Volume (20 Days) 1,635,881

Short Selling Information

The latest short interest is 6.91 million, so 26.12% of the outstanding shares have been sold short.

Short Interest 6.91M
Short Previous Month 5.46M
Short % of Shares Out 26.12%
Short % of Float 33.82%
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
Full Income Statement

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
Full Balance Sheet

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
Full Cash Flow Statement

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 2.29%.

Dividend Per Share $0.48
Dividend Yield 2.29%
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio 21.62%
Buyback Yield -0.12%
Shareholder Yield 2.17%
Earnings Yield 12.49%
FCF Yield 6.77%
Dividend Details

Analyst Forecast

The average price target for Forward Air is $71.80, which is 242.23% higher than the current price. The consensus rating is "Buy".

Price Target $71.80
Price Target Difference 242.23%
Analyst Consensus Buy
Analyst Count 8
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

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 0.79 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.79
Piotroski F-Score 3