FWRD Forward Air Corp

Price (delayed)

$37.13

Market cap

$952.83M

P/E Ratio

9.06

Dividend/share

$0.96

EPS

$4.1

Enterprise value

$1.23B

Forward Air Corporation is a leading asset-light freight and logistics company. It provides LTL, final mile, truckload, intermodal drayage and pool distribution services across the United States and in Canada. ...

Highlights
The stock's price to earnings (P/E) is 70% less than its 5-year quarterly average of 30.0 and 45% less than its last 4 quarters average of 16.4
The gross margin has increased by 2.6% YoY
The company's debt rose by 7% YoY but it fell by 3.3% QoQ
The net income has contracted by 43% YoY and by 28% from the previous quarter
Forward Air's EPS has decreased by 42% YoY and by 28% QoQ

Key stats

What are the main financial stats of FWRD
Market
Shares outstanding
25.66M
Market cap
$952.83M
Enterprise value
$1.23B
Valuations
Price to book (P/B)
1.43
Price to sales (P/S)
0.55
EV/EBIT
7.81
EV/EBITDA
5.76
EV/Sales
0.71
Earnings
Revenue
$1.72B
EBIT
$157.63M
EBITDA
$213.67M
Free cash flow
$187.19M
Per share
EPS
$4.1
Free cash flow per share
$7.28
Book value per share
$25.91
Revenue per share
$67.09
TBVPS
$26.74
Balance sheet
Total assets
$1.19B
Total liabilities
$524.88M
Debt
$296.75M
Equity
$665.7M
Working capital
$47.29M
Liquidity
Debt to equity
0.45
Current ratio
1.25
Quick ratio
1.11
Net debt/EBITDA
1.3
Margins
EBITDA margin
12.4%
Gross margin
48%
Net margin
6.3%
Operating margin
9.1%
Efficiency
Return on assets
9%
Return on equity
15.9%
Return on invested capital
19.5%
Return on capital employed
15.8%
Return on sales
9.1%
Dividend
Dividend yield
2.59%
DPS
$0.96
Payout ratio
23.4%

FWRD stock price

How has the Forward Air stock price performed over time
Intraday
-5.16%
1 week
-4.53%
1 month
-20.46%
1 year
-64.02%
YTD
-40.94%
QTD
-40.94%

Financial performance

How have Forward Air's revenue and profit performed over time
Revenue
$1.72B
Gross profit
$827.67M
Operating income
$157.63M
Net income
$108.55M
Gross margin
48%
Net margin
6.3%
The net income has contracted by 43% YoY and by 28% from the previous quarter
The company's operating income fell by 39% YoY and by 26% QoQ
The company's net margin fell by 36% YoY and by 24% QoQ
The company's operating margin fell by 31% YoY and by 22% QoQ

Growth

What is Forward Air's growth rate over time

Valuation

What is Forward Air stock price valuation
P/E
9.06
P/B
1.43
P/S
0.55
EV/EBIT
7.81
EV/EBITDA
5.76
EV/Sales
0.71
The stock's price to earnings (P/E) is 70% less than its 5-year quarterly average of 30.0 and 45% less than its last 4 quarters average of 16.4
Forward Air's EPS has decreased by 42% YoY and by 28% QoQ
The price to book (P/B) is 61% less than the 5-year quarterly average of 3.7 and 61% less than the last 4 quarters average of 3.7
The equity has contracted by 2.5% YoY
The price to sales (P/S) is 63% lower than the 5-year quarterly average of 1.5 and 61% lower than the last 4 quarters average of 1.4
FWRD's revenue is down by 12% year-on-year and by 5% since the previous quarter

Efficiency

How efficient is Forward Air business performance
FWRD's return on equity is down by 47% year-on-year and by 28% since the previous quarter
The return on assets has declined by 45% year-on-year and by 29% since the previous quarter
FWRD's return on invested capital is down by 38% year-on-year and by 26% since the previous quarter
Forward Air's return on sales has decreased by 32% YoY and by 22% QoQ

Dividends

What is FWRD's dividend history
DPS
$0.96
Dividend yield
2.59%
Payout ratio
23.4%
Recent dividends

Financial health

How did Forward Air financials performed over time
Forward Air's total assets is 127% higher than its total liabilities
The quick ratio has decreased by 32% YoY and by 3.5% from the previous quarter
FWRD's current ratio is down by 28% year-on-year and by 2.3% since the previous quarter
The company's debt is 55% lower than its equity
FWRD's debt to equity is up by 10% year-on-year but it is down by 2.2% since the previous quarter
The company's debt rose by 7% YoY but it fell by 3.3% QoQ

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.