Forward Air Corporation Logo

Forward Air Corporation

FWRD

(2.5)
Stock Price

37,19 USD

15.8% ROA

1.67% ROE

13.44x PER

Market Cap.

1.452.731.481,00 USD

44.58% DER

1.7% Yield

0.74% NPM

Forward Air Corporation Stock Analysis

Forward Air Corporation Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Forward Air Corporation Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE exceeds expectations (15.89%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

2 ROA

This stock has a great ability to make a lot of money from the things it owns, which makes it a really good investment for smart investors.

3 DER

The stock has a minimal amount of debt (45%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

4 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

5 PBV

The stock's PBV ratio (2.55x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

6 Buffet Intrinsic Value

The company's stock seems undervalued (1.210) by Warren Buffett's formula, indicating a promising investment opportunity as its intrinsic value exceeds the market price.

7 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

8 Net Profit Growth

Over the past five years, this company's net profit has failed to exhibit any growth, indicating a stagnant financial performance and making it a less favorable choice for potential investors.

9 Assets Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

10 Graham Number

The company's Graham number suggests that its stock price is overestimated, implying that it may not be a promising investment opportunity.

11 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

Forward Air Corporation Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Forward Air Corporation Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Hold
2 MACD Sell
3 RSI Hold
4 Stoch RSI Sell

Forward Air Corporation Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Forward Air Corporation Revenue
Year Revenue Growth
1993 95.300.000
1994 135.000.000 29.41%
1995 148.100.000 8.85%
1996 157.098.000 5.73%
1997 190.402.000 17.49%
1998 130.438.000 -45.97%
1999 170.843.000 23.65%
2000 214.907.000 20.5%
2001 227.500.000 5.54%
2002 226.072.000 -0.63%
2003 241.517.000 6.39%
2004 282.197.000 14.42%
2005 320.934.000 12.07%
2006 352.758.000 9.02%
2007 392.737.000 10.18%
2008 474.436.000 17.22%
2009 417.410.000 -13.66%
2010 483.939.000 13.75%
2011 536.402.000 9.78%
2012 584.446.000 8.22%
2013 652.481.000 10.43%
2014 780.959.000 16.45%
2015 959.125.000 18.58%
2016 982.530.000 2.38%
2017 1.100.816.000 10.75%
2018 1.320.886.000 16.66%
2019 1.410.395.000 6.35%
2020 1.269.573.000 -11.09%
2021 1.662.427.000 23.63%
2022 1.973.403.000 15.76%
2023 1.653.460.000 -19.35%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Forward Air Corporation Research and Development Expenses
Year Research and Development Expenses Growth
1993 0
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Forward Air Corporation General and Administrative Expenses
Year General and Administrative Expenses Growth
1993 0
1994 0 0%
1995 0 0%
1996 60.117.000 100%
1997 72.917.000 17.55%
1998 35.995.000 -102.58%
1999 42.339.000 14.98%
2000 54.531.000 22.36%
2001 65.848.000 17.19%
2002 58.104.000 -13.33%
2003 64.573.000 10.02%
2004 73.492.000 12.14%
2005 78.490.000 6.37%
2006 86.382.000 9.14%
2007 96.488.000 10.47%
2008 124.603.000 22.56%
2009 118.568.000 -5.09%
2010 129.108.000 8.16%
2011 130.651.000 1.18%
2012 11.309.000 -1055.28%
2013 12.619.000 10.38%
2014 15.736.000 19.81%
2015 21.483.000 26.75%
2016 25.392.000 15.39%
2017 29.578.000 14.15%
2018 35.180.000 15.92%
2019 45.440.000 22.58%
2020 34.912.000 -30.16%
2021 42.186.000 17.24%
2022 49.759.000 15.22%
2023 54.504.000 8.71%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Forward Air Corporation EBITDA
Year EBITDA Growth
1993 7.400.000
1994 57.600.000 87.15%
1995 64.500.000 10.7%
1996 -82.457.000 178.22%
1997 -89.812.000 8.19%
1998 -60.972.000 -47.3%
1999 -71.978.000 15.29%
2000 -85.898.000 16.21%
2001 -104.758.000 18%
2002 -100.939.000 -3.78%
2003 -98.113.000 -2.88%
2004 -105.148.000 6.69%
2005 -109.186.000 3.7%
2006 -118.846.000 8.13%
2007 -149.631.000 20.57%
2008 86.900.000 272.19%
2009 45.665.000 -90.3%
2010 74.189.000 38.45%
2011 98.103.000 24.38%
2012 104.567.000 6.18%
2013 108.033.000 3.21%
2014 127.828.000 15.49%
2015 118.871.000 -7.54%
2016 140.635.000 15.48%
2017 149.716.000 6.07%
2018 164.212.000 8.83%
2019 160.931.000 -2.04%
2020 111.046.000 -44.92%
2021 198.853.000 44.16%
2022 313.362.000 36.54%
2023 102.756.000 -204.96%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Forward Air Corporation Gross Profit
Year Gross Profit Growth
1993 53.800.000
1994 75.500.000 28.74%
1995 85.700.000 11.9%
1996 63.219.000 -35.56%
1997 81.964.000 22.87%
1998 51.548.000 -59.01%
1999 69.765.000 26.11%
2000 90.337.000 22.77%
2001 91.006.000 0.74%
2002 90.566.000 -0.49%
2003 101.712.000 10.96%
2004 123.143.000 17.4%
2005 144.470.000 14.76%
2006 158.778.000 9.01%
2007 170.675.000 6.97%
2008 293.450.000 41.84%
2009 272.683.000 -7.62%
2010 308.784.000 11.69%
2011 267.441.000 -15.46%
2012 137.672.000 -94.26%
2013 147.660.000 6.76%
2014 179.003.000 17.51%
2015 190.420.000 6%
2016 215.238.000 11.53%
2017 236.514.000 9%
2018 266.039.000 11.1%
2019 287.885.000 7.59%
2020 229.113.000 -25.65%
2021 365.326.000 37.29%
2022 546.821.000 33.19%
2023 178.172.000 -206.91%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Forward Air Corporation Net Profit
Year Net Profit Growth
1993 2.200.000
1994 4.000.000 45%
1995 4.500.000 11.11%
1996 3.979.000 -13.09%
1997 8.594.000 53.7%
1998 10.154.000 15.36%
1999 16.040.000 36.7%
2000 23.445.000 31.58%
2001 19.882.000 -17.92%
2002 21.616.000 8.02%
2003 25.815.000 16.27%
2004 34.421.000 25%
2005 44.909.000 23.35%
2006 48.923.000 8.2%
2007 44.925.000 -8.9%
2008 42.542.000 -5.6%
2009 9.946.000 -327.73%
2010 32.036.000 68.95%
2011 47.199.000 32.13%
2012 52.668.000 10.38%
2013 54.467.000 3.3%
2014 61.169.000 10.96%
2015 55.575.000 -10.07%
2016 27.670.000 -100.85%
2017 87.321.000 68.31%
2018 92.051.000 5.14%
2019 87.099.000 -5.69%
2020 52.767.000 -65.06%
2021 105.859.000 50.15%
2022 193.191.000 45.21%
2023 37.152.000 -420%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Forward Air Corporation Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1993 0
1994 0 0%
1995 0 0%
1996 0 0%
1997 0 0%
1998 0 0%
1999 1 0%
2000 1 0%
2001 1 0%
2002 1 0%
2003 1 0%
2004 1 100%
2005 1 0%
2006 2 0%
2007 2 0%
2008 1 0%
2009 0 0%
2010 1 100%
2011 2 0%
2012 2 0%
2013 2 0%
2014 2 0%
2015 2 0%
2016 1 0%
2017 3 100%
2018 3 33.33%
2019 3 0%
2020 2 -200%
2021 4 66.67%
2022 7 50%
2023 1 -500%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Forward Air Corporation Free Cashflow
Year Free Cashflow Growth
1993 -19.700.000
1994 -27.300.000 27.84%
1995 -8.900.000 -206.74%
1996 3.759.000 336.77%
1997 3.490.000 -7.71%
1998 -9.867.000 135.37%
1999 12.692.000 177.74%
2000 17.286.000 26.58%
2001 30.682.000 43.66%
2002 26.040.000 -17.83%
2003 29.868.000 12.82%
2004 26.215.000 -13.93%
2005 29.155.000 10.08%
2006 37.013.000 21.23%
2007 15.367.000 -140.86%
2008 32.384.000 52.55%
2009 29.332.000 -10.41%
2010 38.847.000 24.49%
2011 55.743.000 30.31%
2012 47.233.000 -18.02%
2013 55.400.000 14.74%
2014 52.173.000 -6.19%
2015 45.227.000 -15.36%
2016 88.164.000 48.7%
2017 65.099.000 -35.43%
2018 110.261.000 40.96%
2019 130.810.000 15.71%
2020 63.844.000 -104.89%
2021 81.152.000 21.33%
2022 218.361.000 62.84%
2023 24.022.000 -809%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Forward Air Corporation Operating Cashflow
Year Operating Cashflow Growth
1993 1.700.000
1994 9.200.000 81.52%
1995 15.800.000 41.77%
1996 12.522.000 -26.18%
1997 22.564.000 44.5%
1998 1.897.000 -1089.46%
1999 20.104.000 90.56%
2000 33.833.000 40.58%
2001 35.526.000 4.77%
2002 29.953.000 -18.61%
2003 32.742.000 8.52%
2004 37.415.000 12.49%
2005 51.232.000 26.97%
2006 52.467.000 2.35%
2007 62.393.000 15.91%
2008 59.083.000 -5.6%
2009 50.179.000 -17.74%
2010 53.995.000 7.07%
2011 76.959.000 29.84%
2012 68.586.000 -12.21%
2013 90.839.000 24.5%
2014 91.660.000 0.9%
2015 85.722.000 -6.93%
2016 130.350.000 34.24%
2017 103.364.000 -26.11%
2018 152.554.000 32.24%
2019 161.476.000 5.53%
2020 84.112.000 -91.98%
2021 120.261.000 30.06%
2022 259.090.000 53.58%
2023 29.865.000 -767.54%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Forward Air Corporation Capital Expenditure
Year Capital Expenditure Growth
1993 21.400.000
1994 36.500.000 41.37%
1995 24.700.000 -47.77%
1996 8.763.000 -181.87%
1997 19.074.000 54.06%
1998 11.764.000 -62.14%
1999 7.412.000 -58.72%
2000 16.547.000 55.21%
2001 4.844.000 -241.6%
2002 3.913.000 -23.79%
2003 2.874.000 -36.15%
2004 11.200.000 74.34%
2005 22.077.000 49.27%
2006 15.454.000 -42.86%
2007 47.026.000 67.14%
2008 26.699.000 -76.13%
2009 20.847.000 -28.07%
2010 15.148.000 -37.62%
2011 21.216.000 28.6%
2012 21.353.000 0.64%
2013 35.439.000 39.75%
2014 39.487.000 10.25%
2015 40.495.000 2.49%
2016 42.186.000 4.01%
2017 38.265.000 -10.25%
2018 42.293.000 9.52%
2019 30.666.000 -37.91%
2020 20.268.000 -51.3%
2021 39.109.000 48.18%
2022 40.729.000 3.98%
2023 5.843.000 -597.06%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Forward Air Corporation Equity
Year Equity Growth
1993 27.300.000
1994 31.800.000 14.15%
1995 36.600.000 13.11%
1996 41.264.000 11.3%
1997 50.460.000 18.22%
1998 19.071.000 -164.59%
1999 54.952.000 65.3%
2000 83.453.000 34.15%
2001 106.585.000 21.7%
2002 118.346.000 9.94%
2003 147.708.000 19.88%
2004 181.003.000 18.39%
2005 178.816.000 -1.22%
2006 185.227.000 3.46%
2007 171.733.000 -7.86%
2008 216.434.000 20.65%
2009 224.651.000 3.66%
2010 256.086.000 12.28%
2011 286.902.000 10.74%
2012 351.671.000 18.42%
2013 435.865.000 19.32%
2014 463.563.000 5.98%
2015 510.055.000 9.12%
2016 499.069.000 -2.2%
2017 533.489.000 6.45%
2018 553.244.000 3.57%
2019 577.182.000 4.15%
2020 547.329.000 -5.45%
2021 593.654.000 7.8%
2022 707.244.000 16.06%
2023 665.700.000 -6.24%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Forward Air Corporation Assets
Year Assets Growth
1993 49.000.000
1994 78.000.000 37.18%
1995 98.300.000 20.65%
1996 99.074.000 0.78%
1997 118.331.000 16.27%
1998 56.808.000 -108.3%
1999 79.617.000 28.65%
2000 115.968.000 31.35%
2001 136.959.000 15.33%
2002 145.511.000 5.88%
2003 175.087.000 16.89%
2004 214.553.000 18.39%
2005 212.600.000 -0.92%
2006 213.014.000 0.19%
2007 241.884.000 11.94%
2008 307.527.000 21.35%
2009 316.638.000 2.88%
2010 348.796.000 9.22%
2011 341.151.000 -2.24%
2012 399.187.000 14.54%
2013 506.269.000 21.15%
2014 541.805.000 6.56%
2015 700.171.000 22.62%
2016 641.291.000 -9.18%
2017 687.716.000 6.75%
2018 760.215.000 9.54%
2019 990.878.000 23.28%
2020 1.047.768.000 5.43%
2021 1.117.823.000 6.27%
2022 1.208.076.000 7.47%
2023 1.190.581.000 -1.47%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Forward Air Corporation Liabilities
Year Liabilities Growth
1993 21.700.000
1994 46.200.000 53.03%
1995 61.700.000 25.12%
1996 57.810.000 -6.73%
1997 67.871.000 14.82%
1998 37.737.000 -79.85%
1999 24.665.000 -53%
2000 32.515.000 24.14%
2001 30.374.000 -7.05%
2002 27.165.000 -11.81%
2003 27.379.000 0.78%
2004 33.550.000 18.39%
2005 33.784.000 0.69%
2006 27.787.000 -21.58%
2007 70.151.000 60.39%
2008 91.093.000 22.99%
2009 91.987.000 0.97%
2010 92.710.000 0.78%
2011 54.249.000 -70.9%
2012 47.516.000 -14.17%
2013 70.404.000 32.51%
2014 78.242.000 10.02%
2015 190.116.000 58.85%
2016 142.222.000 -33.68%
2017 154.227.000 7.78%
2018 206.971.000 25.48%
2019 413.696.000 49.97%
2020 500.439.000 17.33%
2021 524.169.000 4.53%
2022 500.832.000 -4.66%
2023 524.881.000 4.58%

Forward Air Corporation Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
66.89
Net Income per Share
4.21
Price to Earning Ratio
13.44x
Price To Sales Ratio
0.84x
POCF Ratio
6.58
PFCF Ratio
7.94
Price to Book Ratio
2.19
EV to Sales
1
EV Over EBITDA
8.31
EV to Operating CashFlow
7.81
EV to FreeCashFlow
9.46
Earnings Yield
0.07
FreeCashFlow Yield
0.13
Market Cap
1,45 Bil.
Enterprise Value
1,73 Bil.
Graham Number
49.48
Graham NetNet
-14.06

Income Statement Metrics

Net Income per Share
4.21
Income Quality
2.04
ROE
0.16
Return On Assets
0
Return On Capital Employed
0.04
Net Income per EBT
0.17
EBT Per Ebit
0.68
Ebit per Revenue
0.06
Effective Tax Rate
0.25

Margins

Sales, General, & Administrative to Revenue
0.03
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0.01
Gross Profit Margin
0.16
Operating Profit Margin
0.06
Pretax Profit Margin
0.04
Net Profit Margin
0.01

Dividends

Dividend Yield
0.02
Dividend Yield %
1.7
Payout Ratio
0.23
Dividend Per Share
0.96

Operating Metrics

Operating Cashflow per Share
8.6
Free CashFlow per Share
7.1
Capex to Operating CashFlow
-0.17
Capex to Revenue
-0.02
Capex to Depreciation
-0.69
Return on Invested Capital
0.1
Return on Tangible Assets
0.16
Days Sales Outstanding
40.6
Days Payables Outstanding
12.47
Days of Inventory on Hand
0
Receivables Turnover
8.99
Payables Turnover
29.26
Inventory Turnover
0
Capex per Share
-1.5

Balance Sheet

Cash per Share
0,73
Book Value per Share
25,83
Tangible Book Value per Share
6.29
Shareholders Equity per Share
25.83
Interest Debt per Share
11.67
Debt to Equity
0.45
Debt to Assets
0.25
Net Debt to EBITDA
1.33
Current Ratio
1.25
Tangible Asset Value
0,16 Bil.
Net Current Asset Value
-0,29 Bil.
Invested Capital
0.45
Working Capital
0,05 Bil.
Intangibles to Total Assets
0.42
Average Receivables
0,18 Bil.
Average Payables
0,04 Bil.
Average Inventory
0
Debt to Market Cap
0.2

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Forward Air Corporation Dividends
Year Dividends Growth
1998 7
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 1 0%
2017 1 0%
2018 1 0%
2019 1 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 1 0%

Forward Air Corporation Profile

About Forward Air Corporation

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.

CEO
Mr. Michael L. Hance
Employee
4.014
Address
Building N
Greeneville, 37745

Forward Air Corporation Executives & BODs

Forward Air Corporation Executives & BODs
# Name Age
1 Mr. Michael L. Hance
Interim Chief Executive Officer, Chief Legal Officer & Secretary
70
2 Mr. Chris C. Ruble
President & Chief Operating Officer
70
3 Ms. Rebecca J. Garbrick
Chief Financial Officer & Treasurer
70
4 Mr. Kyle R. Mitchin
Chief People Officer
70
5 Mr. Joseph Michael Tomasello
Chief Information Officer
70
6 Ms. Nancee Ronning
Chief Commercial Officer
70

Forward Air Corporation Competitors