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 1,613 933.8 781.2 399.1 - -
Change - -14.56% -42.15% -42.12% -16.34% -48.91% - -
Enterprise Value (EV) 1 3,264 2,789 3,366 2,553 2,401 2,095 1,982 399.1
Change - -14.56% 20.68% -24.16% -5.95% -12.76% -5.37% -79.87%
P/E 31.5x 14.7x 9.82x -1.09x -7.12x -6.63x -18.9x -
PBR - - 2.14x 3.97x 6.91x 4.89x 6.88x -
PEG - 0.2x -0.9x 0x 0.1x 0.1x 0.3x -
Capitalization / Revenue 1.96x 1.41x 1.18x 0.38x 0.31x 0.16x 0.16x -
EV / Revenue 1.96x 1.41x 2.46x 1.03x 0.96x 0.83x 0.77x -
EV / EBITDA 16.4x 8.9x 16.6x 8.3x 7.82x 6.96x 6.14x 1.06x
EV / EBIT 19.6x 10.4x 23.1x 15.8x 15.3x 14.5x 12.5x -
EV / FCF 38.1x 12.8x 19.5x -23.6x 137x 21.9x 15.5x -
FCF Yield 2.63% 7.83% 5.12% -4.24% 0.73% 4.56% 6.44% -
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 -1.902 -0.6675 -
Distribution rate 21.8% 13.4% 15% - - - - -
Net sales 1 1,662 1,973 1,371 2,474 2,495 2,517 2,568 -
EBITDA 1 198.9 313.4 203.1 307.7 307.1 300.9 323.1 375
EBIT 1 166.7 267.7 145.7 161.4 157.4 144.6 159.1 -
Net income 1 105.9 193.2 167.4 -817 -141.7 -65.64 -23.78 -
Net Debt 1 - - 1,752 1,619 1,620 1,696 1,583 -
Reference price 2 121.09 104.89 62.87 32.25 25.00 12.62 12.62 12.62
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.($)
-6.63x0.83x6.96x-.--% 40Cr
15.98x1.28x9.3x5.81% 9.6TCr
16.89x1.03x7.59x3.43% 7.32TCr
25.84x1.9x18.03x0.93% 2.32TCr
20.05x0.72x8.26x-.--% 1.14TCr
25.88x2.47x9.21x-.--% 884.03Cr
15.53x0.71x8.02x3.38% 588.07Cr
28.57x0.56x8.21x-.--% 601.59Cr
8.57x0.28x5.32x8.25% 528.77Cr
Average 16.74x 1.09x 8.99x 2.42% 2.56TCr
Weighted average by Cap. 17.95x 1.22x 9.42x 3.88%

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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