Company Valuation: Forward Air Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,264 2,789 1,613 933.8 781.2 640.5 - -
Change - -14.56% -42.15% -42.12% -16.34% -18.01% - -
Enterprise Value (EV) 1 3,264 2,789 3,366 2,553 2,401 2,408 2,263 640.5
Change - -14.56% 20.68% -24.16% -5.95% 0.29% -6% -71.7%
P/E 31.5x 14.7x 9.82x -1.09x -7.12x -2.43x 172x -
PBR - - 2.14x 3.97x 6.91x -4.74x -4.82x -
PEG - 0.2x -0.9x 0x 0.1x -0x -2x -
Capitalization / Revenue 1.96x 1.41x 1.18x 0.38x 0.31x 0.25x 0.25x -
EV / Revenue 1.96x 1.41x 2.46x 1.03x 0.96x 0.94x 0.87x -
EV / EBITDA 16.4x 8.9x 16.6x 8.3x 7.82x 7.48x 6.77x 1.81x
EV / EBIT 19.6x 10.4x 23.1x 15.8x 15.3x 14.9x 13.2x 3.21x
EV / FCF 38.1x 12.8x 19.5x -23.6x 137x 26.2x 16.8x -
FCF Yield 2.63% 7.83% 5.12% -4.24% 0.73% 3.81% 5.96% -
Dividend per Share 2 0.84 0.96 0.96 - - - - -
Rate of return 0.69% 0.92% 1.53% - - - - -
EPS 2 3.85 7.14 6.4 -29.66 -3.51 -7.8 0.11 -
Distribution rate 21.8% 13.4% 15% - - - - -
Net sales 1 1,662 1,973 1,371 2,474 2,495 2,572 2,606 -
EBITDA 1 198.9 313.4 203.1 307.7 307.1 321.7 334.3 353
EBIT 1 166.7 267.7 145.7 161.4 157.4 161.1 171.9 199.3
Net income 1 105.9 193.2 167.4 -817 -141.7 -242.5 4.8 -
Net Debt 1 - - 1,752 1,619 1,620 1,767 1,623 -
Reference price 2 121.09 104.89 62.87 32.25 25.00 18.96 18.96 18.96
Nbr of stocks (in thousands) 26,958 26,590 25,662 28,954 31,248 33,781 - -
Announcement Date 2/9/22 2/8/23 2/28/24 2/26/25 2/23/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-2.59x0.95x7.61x-.--% 682M
17.38x1.2x8.74x6.21% 89.79B
16.29x0.98x8.58x1.6% 80.29B
16.01x0.96x7.13x3.59% 70.88B
24.23x1.8x17.15x0.84% 24.31B
21.08x0.77x8.77x-.--% 12.14B
28.97x2.49x9.51x-.--% 8.93B
8.72x0.33x6.45x7.18% 6.09B
15.24x0.69x7.86x3.38% 5.98B
29.49x0.54x7.83x-.--% 5.55B
Average 17.48x 1.07x 8.96x 2.28% 30.46B
Weighted average by Cap. 17.77x 1.12x 8.94x 3.37%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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