FWRD Stock Overview
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada.
FWRD passed our risk checks.
Forward Air Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$108.55|
|52 Week High||US$125.71|
|52 Week Low||US$70.93|
|1 Month Change||-4.66%|
|3 Month Change||19.47%|
|1 Year Change||35.08%|
|3 Year Change||84.96%|
|5 Year Change||118.19%|
|Change since IPO||2,952.97%|
Recent News & Updates
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Is Forward Air Corporation (NASDAQ:FWRD) Trading At A 42% Discount?
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|FWRD||US Logistics||US Market|
Return vs Industry: FWRD exceeded the US Logistics industry which returned 15% over the past year.
Return vs Market: FWRD exceeded the US Market which returned 6.6% over the past year.
|FWRD Average Weekly Movement||4.6%|
|Logistics Industry Average Movement||6.4%|
|Market Average Movement||6.6%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: FWRD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FWRD's weekly volatility (5%) has been stable over the past year.
About the Company
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. The company operates through 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.
Forward Air Fundamentals Summary
|FWRD fundamental statistics|
Is FWRD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FWRD income statement (TTM)|
|Cost of Revenue||US$1.20b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Feb 09, 2022
|Earnings per share (EPS)||3.42|
|Net Profit Margin||5.94%|
How did FWRD perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
Is Forward Air undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FWRD ($108.55) is trading below our estimate of fair value ($210.87)
Significantly Below Fair Value: FWRD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FWRD is poor value based on its PE Ratio (31.7x) compared to the US Logistics industry average (17.2x).
PE vs Market: FWRD is poor value based on its PE Ratio (31.7x) compared to the US market (16.7x).
Price to Earnings Growth Ratio
PEG Ratio: FWRD is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: FWRD is overvalued based on its PB Ratio (5.3x) compared to the US Logistics industry average (3.2x).
How is Forward Air forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FWRD's forecast earnings growth (25.8% per year) is above the savings rate (2%).
Earnings vs Market: FWRD's earnings (25.8% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FWRD's revenue (11.3% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: FWRD's revenue (11.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FWRD's Return on Equity is forecast to be high in 3 years time (22%)
How has Forward Air performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FWRD has high quality earnings.
Growing Profit Margin: FWRD's current net profit margins (5.9%) are higher than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: FWRD's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: FWRD's earnings growth over the past year (55%) exceeds its 5-year average (6.8% per year).
Earnings vs Industry: FWRD earnings growth over the past year (55%) underperformed the Logistics industry 74.7%.
Return on Equity
High ROE: FWRD's Return on Equity (16.7%) is considered low.
How is Forward Air's financial position?
Financial Position Analysis
Short Term Liabilities: FWRD's short term assets ($289.3M) exceed its short term liabilities ($158.5M).
Long Term Liabilities: FWRD's short term assets ($289.3M) do not cover its long term liabilities ($356.5M).
Debt to Equity History and Analysis
Debt Level: FWRD's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: FWRD's debt to equity ratio has increased from 8.3% to 28.3% over the past 5 years.
Debt Coverage: FWRD's debt is well covered by operating cash flow (56%).
Interest Coverage: FWRD's interest payments on its debt are well covered by EBIT (29.1x coverage).
What is Forward Air current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FWRD's dividend (0.77%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: FWRD's dividend (0.77%) is low compared to the top 25% of dividend payers in the US market (3.55%).
Stability and Growth of Payments
Stable Dividend: FWRD's dividends per share have been stable in the past 10 years.
Growing Dividend: FWRD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.8%), FWRD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FWRD's dividends in 3 years are forecast to be well covered by earnings (19.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Schmitt (56 yo)
Mr. Thomas Schmitt, also known as Tom, is the President, Chief Executive Officer and Director of Forward Air Corporation, since September 1, 2018, also serves as its Executive Chairman of the Board since M...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD3.20M) is below average for companies of similar size in the US market ($USD5.23M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.
Experienced Management: FWRD's management team is considered experienced (3.5 years average tenure).
Experienced Board: FWRD's board of directors are considered experienced (3.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FWRD insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Forward Air Corporation's employee growth, exchange listings and data sources
- Name: Forward Air Corporation
- Ticker: FWRD
- Exchange: NasdaqGS
- Founded: 1981
- Industry: Air Freight and Logistics
- Sector: Transportation
- Implied Market Cap: US$2.926b
- Shares outstanding: 26.96m
- Website: https://www.forwardaircorp.com
Number of Employees
- Forward Air Corporation
- Building N
- 1915 Snapps Ferry Road
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/21 23:37|
|End of Day Share Price||2022/01/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.