Forward Air Intrinsic Value Calculator – Forward Air Gives Insight into Fourth Quarter Performance in Mid-Quarter Update
December 11, 2023
🌥️Trending News
Forward Air ($NASDAQ:FWRD) Corporation recently released an interim report on their fourth quarter performance in a mid-quarter update. The company is a leading provider of time-definite surface transportation and related logistics services to the North American air cargo market. Their products and services include airport-to-airport, door-to-door, ground, rail, and ocean transportation solutions. Forward Air provided insight into their fourth quarter performance, highlighting how their overall business operations have been impacted by the global pandemic.
Overall, Forward Air’s mid-quarter update gave valuable insight into their fourth quarter performance, showcasing how the company has been able to stay resilient and remain profitable despite the challenges posed by the global pandemic. Investors will be eager to see the full results when they are released later in the year.
Stock Price
The update showed that the stock opened at $65.3 and closed at $63.9, down 1.3% from last closing price of 64.8. Despite the decrease in stock price, the company’s management expressed optimism regarding the company’s short-term and long-term growth prospects, citing successes in its third quarter and investments made in the fourth quarter. These investments include new products, technology, and services which the company believes can help drive future success.
Management also noted that despite a challenging macroeconomic environment, the company is well-positioned to capitalize on potential growth opportunities. In conclusion, the mid-quarter update provided investors with a better understanding of FORWARD AIR‘s current financial performance as well as the potential for future success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Forward Air. More…
| Total Revenues | Net Income | Net Margin |
| 1.72k | 108.32 | 6.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Forward Air. More…
| Operations | Investing | Financing |
| 221.71 | -116.9 | -132.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Forward Air. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.19k | 524.88 | 25.91 |
Key Ratios Snapshot
Some of the financial key ratios for Forward Air are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | 20.5% | 9.1% |
| FCF Margin | ROE | ROA |
| 10.6% | 14.7% | 8.3% |
Analysis – Forward Air Intrinsic Value Calculator
At GoodWhale, we have taken a close look at the financials of FORWARD AIR and have come to a conclusion about its intrinsic value. Our proprietary Valuation Line places the intrinsic value of FORWARD AIR shares at around $98.7. This means that currently, FORWARD AIR stock is being traded at $63.9, which is undervalued by 35.3%. This presents an attractive opportunity for investors seeking long-term value. More…
Peers
Forward Air Corporation is an American freight transportation and logistics company with its headquarters in Greeneville, Tennessee. The company operates 97 terminals and 10 Hubs throughout the United States. Forward Air has been in business since 1974 and has a fleet of over 1,400 tractors and 2,800 trailers. The company’s revenue was $946 million in 2017.
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Summary
Forward Air Corporation recently issued a mid-quarter update on their fourth quarter performance, indicating positive results. The company believes that these gains are largely due to increased demand from their customers and higher rates. Additionally, Forward Air has seen a strong return on invested capital and an improved balance sheet. The company is optimistic about their performance in the fourth quarter and will continue to update investors on their progress.
