Forward Air Corporation (FWRD): Price and Financial Metrics


Forward Air Corporation (FWRD)

Today's Latest Price: $62.81 USD

0.29 (0.46%)

Updated Oct 23 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 9 in Air Freight & Shipping Services

See all "A" rated Strong Buy stocks

FWRD Stock Summary

  • Forward Air Corp's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than 77.19% of US listed stocks.
  • Forward Air Corp's stock had its IPO on November 16, 1993, making it an older stock than 76.06% of US equities in our set.
  • In terms of volatility of its share price, FWRD is more volatile than only 17.77% of stocks we're observing.
  • Stocks that are quantitatively similar to FWRD, based on their financial statements, market capitalization, and price volatility, are HOFT, ATRO, RAIL, MOV, and TWIN.
  • Visit FWRD's SEC page to see the company's official filings. To visit the company's web site, go to www.forwardair.com.

FWRD Stock Price Chart Interactive Chart >

Price chart for FWRD

FWRD Price/Volume Stats

Current price $62.81 52-week high $72.09
Prev. close $62.52 52-week low $39.59
Day low $62.27 Volume 113,200
Day high $63.12 Avg. volume 169,431
50-day MA $59.08 Dividend yield 1.15%
200-day MA $55.02 Market Cap 1.76B

Forward Air Corporation (FWRD) Company Bio


Forward Air Corporation provides surface transportation and related logistics services. The company operates in three segments: Forward Air (Forward Air); Forward Air Solutions (FASI); and Total Quality (TQI). The company was founded in 1981 and is based in Greeneville, Tennessee.

FWRD Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$62.81$73.04 17%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Forward Air Corp. To summarize, we found that Forward Air Corp ranked in the 50th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 17.83% on a DCF basis. The most interesting components of our discounted cash flow analysis for Forward Air Corp ended up being:

  • FWRD's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 30.83% of tickers in our DCF set.
  • Forward Air Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 23.03. This coverage rate is greater than that of 89.1% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • As a business, Forward Air Corp experienced a tax rate of about 21% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than 84.83% of stocks generating free cash flow.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%15%
1%16%
2%17%
3%18%
4%20%
5%21%

For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as FWRD, try AZZ, LMT, MIDD, TGH, and AIMC.


FWRD Latest News Stream


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Latest FWRD News From Around the Web

Below are the latest news stories about Forward Air Corp that investors may wish to consider to help them evaluate FWRD as an investment opportunity.

Forward Air expands footprint through CLW acquisition

Forward Air (FWRD) to acquire the assets of CLW Delivery, for $5.5M.CLW generates $20 million in annual revenue. The transaction will be funded from cash on hand and will close in October 2020. The acquisition of CLW supports the Company’s strategic growth plan by expanding the footprint of Forward’s Final...

Seeking Alpha | September 16, 2020

Forward Air Acquires Another Final-mile Provider

Forward Air (NASDAQ: FWRD ) announced that it has acquired another last-mile provider to build out its network. This time the Greeneville, Tennessee-based trucking company had to travel only 30 miles Northeast to acquire Johnson City, Tennessee-based CLW Delivery Inc . The Wednesday press release said the $5.5 million deal will be funded with cash on hand and close in October. CLW specializes in final-mile delivery and in-home installation for retailers and manufacturers. The outfit generates $20 million in annual revenue. Forward expects the deal to expand its final-mile footprint to include another 14 markets. "Our Final Mile business is a key area of growth for Forward. CLW offers a unique opportunity to expand our Final Mile service offering by stretching into customized installatio...

Benzinga | September 16, 2020

Forward Air Announces Acquisition of CLW Delivery, Inc.

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) (the “Company or “Forward”) is executing a growth strategy that involves organic infrastructure investments, such as the ongoing LTL network expansion, as well as inorganic investments, including acquisitions of complementary businesses. As part of the inorganic growth strategy, Forward today announced that it has entered into an agreement to acquire the assets of CLW Delivery, Inc. (CLW), a privately held final mile pr

Business Wire | September 16, 2020

Forward Air Corporation (FWRD) CEO Tom Schmitt on Q2 2020 Results - Earnings Call Transcript

Forward Air Corporation (FWRD) Q2 2020 Earnings Conference Call July 31, 2020 09:00 AM ET Company Participants Tom Schmitt - Chief Executive Officer Mike Morris - Chief Financial Officer Conference Call Participants Jack Atkins - Stephens Zachary Haggerty - KeyBanc Capital Markets Ben Hartford - Baird Scott Group - Wolfe...

SA Transcripts on Seeking Alpha | August 1, 2020

Forward Air To Expand Pursuit Of Traditional Less-Than-Truckload Market

Forward Air Corporation (NASDAQ: FWRD ) will continue to pursue the less-than-truckload (LTL) market more heavily now that the worst of the pandemic-related freight declines appear to be in the rearview mirror. On its second-quarter earnings call with analysts on Friday, Chairman, President and CEO Tom Schmitt said he sees "more Savannahs to come," referring to the company's recent expansion outside of its normal airport-to-airport transportation network. On July 13, the Greeneville, Tennessee-based trucking company announced it would offer its first traditional LTL service . Forward has historically specialized in the movement of airfreight by ground through scheduled and expedited LTL service for airlines and cargo carriers as well as freight forwarders. The company runs linehaul serv...

Benzinga | July 31, 2020

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FWRD Price Returns

1-mo 15.04%
3-mo 23.06%
6-mo 21.64%
1-year -9.44%
3-year 11.56%
5-year 47.81%
YTD -9.30%
2019 29.00%
2018 -3.49%
2017 22.67%
2016 11.41%
2015 -13.80%

FWRD Dividends

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