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 1,613 933.8 781.2 483.9 - -
Change - -14.56% -42.15% -42.12% -16.34% -38.06% - -
Enterprise Value (EV) 1 3,264 2,789 3,366 2,553 2,401 2,270 2,153 483.9
Change - -14.56% 20.68% -24.16% -5.95% -5.46% -5.16% -77.52%
P/E 31.5x 14.7x 9.82x -1.09x -7.12x -7.27x -21.3x -
PBR - - 2.14x 3.97x 6.91x 5.81x 9.71x -
PEG - 0.2x -0.9x 0x 0.1x 0.2x 0.3x -
Capitalization / Revenue 1.96x 1.41x 1.18x 0.38x 0.31x 0.19x 0.19x -
EV / Revenue 1.96x 1.41x 2.46x 1.03x 0.96x 0.9x 0.84x -
EV / EBITDA 16.4x 8.9x 16.6x 8.3x 7.82x 7.54x 7.03x 1.29x
EV / EBIT 19.6x 10.4x 23.1x 15.8x 15.3x 16.3x 15x -
EV / FCF 38.1x 12.8x 19.5x -23.6x 137x 25.5x 19.2x -
FCF Yield 2.63% 7.83% 5.12% -4.24% 0.73% 3.92% 5.2% -
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 -2.105 -0.72 -
Distribution rate 21.8% 13.4% 15% - - - - -
Net sales 1 1,662 1,973 1,371 2,474 2,495 2,525 2,549 -
EBITDA 1 198.9 313.4 203.1 307.7 307.1 300.9 306.2 375
EBIT 1 166.7 267.7 145.7 161.4 157.4 139.4 143.4 -
Net income 1 105.9 193.2 167.4 -817 -141.7 -68.8 -35.35 -
Net Debt 1 - - 1,752 1,619 1,620 1,786 1,669 -
Reference price 2 121.09 104.89 62.87 32.25 25.00 15.30 15.30 15.30
Nbr of stocks (in thousands) 26,958 26,590 25,662 28,954 31,248 31,625 - -
Announcement Date 09/02/22 08/02/23 28/02/24 26/02/25 23/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-7.27x0.9x7.54x - 484M
17.99x1.23x8.98x6.01% 92.74B
15.46x0.92x8.16x1.68% 74.13B
16.93x1.03x7.58x3.42% 73.61B
24.92x1.83x17.29x0.86% 23.74B
22.84x0.84x9.53x-.--% 13.16B
25.76x2.46x9.3x-.--% 8.91B
8.6x0.33x6.4x6.39% 6.05B
28.61x0.56x8.22x-.--% 6.03B
14.76x0.68x7.68x3.55% 5.76B
Average 16.86x 1.08x 9.07x 2.44% 30.46B
Weighted average by Cap. 18.02x 1.13x 9.03x 3.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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