Projected Income Statement: Forward Air Corporation

Forecast Balance Sheet: Forward Air Corporation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 59.5 123 - - 1,752 1,593 1,477
Change - 106.72% - - - -9.09% -7.28%
Announcement Date 06/02/20 11/02/21 09/02/22 08/02/23 28/02/24 - -
1USD in Million
Estimates

Cash Flow Forecast: Forward Air Corporation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
CAPEX 1 30.67 20.27 39.11 40.73 30.72 29 36.67
Change - -33.91% 92.96% 4.14% -24.56% -5.61% 26.44%
Free Cash Flow (FCF) 1 134.1 78.25 85.79 218.4 172.2 -35.47 107.7
Change - -41.65% 9.63% 154.54% -21.13% -120.6% -403.71%
Announcement Date 06/02/20 11/02/21 09/02/22 08/02/23 28/02/24 - -
1USD in Million
Estimates

Forecast Financial Ratios: Forward Air Corporation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025

Profitability

       
EBITDA Margin (%) 11.41% 8.75% 11.96% 15.88% 14.82% 8.84% 10.98%
EBIT Margin (%) 8.42% 5.82% 10.03% 13.57% 10.63% 5.99% 7.96%
EBT Margin (%) 8.23% 5.46% 9.32% 13.22% 4.13% -6.4% -0.01%
Net margin (%) 6.18% 1.87% 6.37% 9.79% 12.21% -3.28% 1.16%
FCF / Net Income (%) 9.51% 6.16% 5.16% 11.07% 12.56% -1.41% 3.89%

Profitability

       
ROA - - - - 4.88% -1.2% 0.2%
ROE - - 21.32% 40.37% 13.9% -4.1% 3.8%

Financial Health

       
Leverage (Debt/EBITDA) 0.37x 1.1x - - 8.63x 7.15x 4.86x
Debt / Free cash flow 0.44x 1.57x - - 10.17x -44.92x 13.71x

Capital Intensity

       
CAPEX / Current Assets (%) 2.17% 1.6% 2.35% 2.06% 2.24% 1.15% 1.32%
CAPEX / EBITDA (%) 19.06% 18.25% 19.67% 13% 15.13% 13.02% 12.06%
CAPEX / FCF (%) 22.87% 25.9% 45.59% 18.65% 17.84% -81.76% 34.04%

Items per share

       
Cash flow per share 1 - - - 9.703 7.661 0.88 3.93
Change - - - - -21.05% -88.51% 446.59%
Dividend per Share 1 0.72 - 0.84 0.96 0.96 - -
Change - - - 14.29% 0% - -
Book Value Per Share 1 20.72 20.04 - - 29.39 27.53 27.3
Change - -3.32% - - - -6.33% 99.16%
EPS 1 3.04 0.84 3.85 7.14 6.4 -3.12 0.4925
Change - -72.37% 358.33% 85.45% -10.36% -148.75% -15.79%
Nbr of stocks (in thousands) 28,172 27,508 26,958 26,590 25,662 26,438 26,438
Announcement Date 06/02/20 11/02/21 09/02/22 08/02/23 28/02/24 - -
1USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
25.15USD
Average target price
25.00USD
Spread / Average Target
-0.60%
Consensus
  1. Stock Market
  2. Equities
  3. FWRD Stock
  4. Financials Forward Air Corporation