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Market Price

60.60 

1.33 2.2%

as of Aug 16 '19

52 Week Range:

51.54 72.81


Stock Analyzer Tutorials

S2O Stock Analyzer - General Info

General Info


type: video (mp4); length: 3:30

Demonstrates how to use Stock Analyzer, shows how to analyze a stock and explains in detail "General Info" section of the Stock Analyzer result page.

S2O Stock Analyzer - Financial Statements

Financial Statements


type: video (mp4); length: 5:10

Explains information presented in the Financial Statements section of the S2O Stock Analyzer: financial statements charts, absolute values and growth rates.

S2O Stock Analyzer - Growth Grade and Financial Ratios

Growth Grade and Financial Ratios


type: video (mp4); length: 5:09

Demonstrates how to use Growth Grade & Financial Ratios section; shows the difference between historical and year-over-year Growth Grade on the real life example.

S2O Stock Analyzer - Value Price

Value Price


type: video (mp4); length: 6:03

Demonstrates how to use Value Price (intrinsic value) and the Graham Number, MOS (margin of safety) and IRT - Investment Recovery Time; explains 3 different projection models used to compute value price - pessimistic, moderate and optimistic.

S2O Stock Analyzer - Price Charts

Price Charts


type: video (mp4); length: 8:34

Demonstrates basic rules of how to read a candlestick chart, long and short term moving averages, stochastic, MACD and relative strength (RS) charts. Explains how bull or bear market condition is computed.

General Info

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-Than-Truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool). The Expedited LTL segment provides expedited regional, inter-regional, and national LTL services, as well as local pick-up and delivery services. It also offers shipment consolidation and deconsolidation, warehousing, final mile, customs brokerage, and other handling services. This segment provides its transportation services through a network of terminals located at or near airports. The TLS segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. The Pool segment offers high-frequency handling and distribution of time-sensitive products to various destinations. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.

Financial Statements

The charts below show selected Annual and Quarterly Financial Data.

The purpose of these charts is to discover long and short term change dynamics. When numbers are growing year after year in the annual statements chart, the business become stronger and stronger and this is a good sign.

Quarterly Data Chart can be used to do a short term analysis. It makes sense to pay attention to the quarterly dynamics and do not wait for the next yearly statement. We should be alerted if we see that quarterly numbers are going down.

You can check "Annual Financial Statements" and "Quarterly Financial Statements" sections for exact numbers and growth rates.

Annual Statements

On a charts below the Line shows absolute values and the Bar chart shows Year-Over-Year Growth Rate for selected financial statement item. A consistent GROWTH is generally considered necessary to fund future growth from within a business.
NOTE: Growth Rate is not provided if either the latest period or the year-ago period contains a net loss. (source: WSJ Digest of Earnings)
TIP! move your mouse pointer over bar or a circle on any chart below to see details.

Financial Statements

Income Statement



 

Cash Flow Statement



 

Balance Sheet



 

Liquidity Ratios

Current Ratio


 

Current Ratio measures the ability to meet short term obligations. Generally accepted standard is 2 (current assets should be 2 times or 200% of current liabilities).

Quick Ratio


 

Measures immediate liquidity or the cash available to cover immediate liabilities. A safe margin would be at least 1 (100%).

Financial Leverage


 

Defined as total assets divided by total shareholders' equity. The higher the ratio, the more debt a company uses in its capital structure.

Profitability Ratios

ROA


 

Return on Assets (ROA) measures the income (profit) that is generated by the use of the assets of the business.

ROE


 

Return on Equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders equity. ROE is sometimes called "return on net worth."

ROIC


 

The Return on Invested Capital (ROIC) measure gives a sense of how well a company is using its money to generate returns. Some investors use this figure as a final evaluation to determine whether or not to invest in a company.

Annual Statements

Item Name Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Equity (BVPS) 7.48
7.75
8.82
9.49
12.05
13.71
14.76
16.12
16.48
17.17
19.22
growth rate 3.6% 13.8% 7.6% 27.0% 13.8% 7.7% 9.2% 2.2% 4.2% 11.9%
Earnings BIT 69.41
17.95
53.10
76.57
83.16
83.92
96.92
105.13
102.44
110.04
121.41
growth rate -74.1% 195.8% 44.2% 8.6% 0.9% 15.5% 8.5% -2.6% 7.4% 10.3%
Avg.PE 16.56
74.07
25.77
20.00
19.65
24.81
27.30
22.95
55.28
19.04
17.46
growth rate 347.3% -65.2% -22.4% -1.8% 26.3% 10.0% -15.9% 140.9% -65.6% -8.3%
ROA 15.49
3.14
9.63
13.68
14.23
12.03
11.60
8.89
4.09
13.04
12.59
growth rate -79.7% 206.7% 42.1% 4.0% -15.5% -3.6% -23.4% -54.0% 218.8% -3.5%
ROE 21.92
4.45
13.33
17.38
16.50
13.83
13.51
11.34
5.44
16.78
16.78
growth rate -79.7% 199.6% 30.4% -5.1% -16.2% -2.3% -16.1% -52.0% 208.5% 0.0%
ROIC 18.23
3.73
11.10
15.98
16.54
13.91
13.57
10.69
5.03
15.90
15.75
growth rate -79.5% 197.6% 44.0% 3.5% -15.9% -2.4% -21.2% -53.0% 216.1% -0.9%
Cur. Ratio 3.50
3.60
5.29
4.12
7.11
6.37
3.45
1.59
1.75
2.71
2.69
growth rate 2.9% 46.9% -22.1% 72.6% -10.4% -45.8% -53.9% 10.1% 54.9% -0.7%
Quick Ratio 3.16
3.28
4.97
3.82
6.71
5.89
3.15
1.48
1.61
2.52
2.50
growth rate 3.8% 51.5% -23.1% 75.7% -12.2% -46.5% -53.0% 8.8% 56.5% -0.8%
Leverage 1.42
1.41
1.36
1.19
1.14
1.16
1.17
1.37
1.28
1.29
1.37
growth rate -0.7% -3.6% -12.5% -4.2% 1.8% 0.9% 17.1% -6.6% 0.8% 6.2%
Balance Sheet Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Acct.Receivable 57.20
55.70
62.80
72.93
76.54
77.65
95.33
128.04
116.60
152.38
161.42
growth rate -2.6% 12.8% 16.1% 5.0% 1.4% 22.8% 34.3% -8.9% 30.7% 5.9%
Acct.Payable 29.71
23.21
29.42
20.57
23.33
18.01
30.72
34.63
growth rate -21.9% 26.7% -30.1% 13.4% -22.8% 70.6% 12.7%
Cur.Assets 91.60
107.20
146.00
139.72
198.40
220.36
147.46
173.46
136.27
167.65
201.08
growth rate 17.0% 36.2% -4.3% 42.0% 11.1% -33.1% 17.6% -21.4% 23.0% 19.9%
Total Assets 307.50
316.70
348.80
341.15
399.19
506.27
539.31
699.93
641.29
692.62
760.22
growth rate 3.0% 10.1% -2.2% 17.0% 26.8% 6.5% 29.8% -8.4% 8.0% 9.8%
Cash 22.10
42.00
74.50
58.80
112.18
127.37
41.43
33.31
8.51
3.89
25.66
growth rate 90.1% 77.4% -21.1% 90.8% 13.5% -67.5% -19.6% -74.5% -54.3% 559.1%
Inventory 0.70
0.90
0.80
0.88
0.90
1.05
1.06
1.31
1.31
1.43
2.24
growth rate 28.6% -11.1% 10.1% 2.3% 16.8% 0.4% 24.1% -0.3% 9.1% 57.2%
Cur.Liabilities 26.20
29.80
27.60
33.93
27.92
34.61
43.43
109.04
77.93
66.15
74.72
growth rate 13.7% -7.4% 22.9% -17.7% 24.0% 25.5% 151.1% -28.5% -15.1% 13.0%
Liabilities 91.10
92.20
92.70
54.25
47.52
70.40
75.75
189.88
142.22
159.92
206.97
growth rate 1.2% 0.5% -41.5% -12.4% 48.2% 7.6% 150.7% -25.1% 12.5% 29.4%
LT Debt 53.00
52.20
50.90
0.33
0.06
0.00
1.28
27.54
0.73
40.22
47.28
growth rate -1.5% -2.5% -99.4% -82.6% -94.8% 42,400.0% 2,060.2% -97.4% 5,448.0% 17.6%
Equity 216.40
224.50
256.10
286.90
351.67
435.87
463.56
510.06
499.07
532.70
553.24
growth rate 3.7% 14.1% 12.0% 22.6% 23.9% 6.4% 10.0% -2.2% 6.7% 3.9%
Common Shares 29.00
29.00
29.00
29.00
30.00
31.00
31.00
31.00
30.00
30.00
29.00
growth rate 0.0% 0.0% 0.0% 3.5% 3.3% 0.0% 0.0% -3.2% 0.0% -3.3%
Cash Flow Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Capital Expenditures 26.60
20.60
13.70
21.22
21.35
35.44
39.49
40.50
42.19
38.27
42.29
growth rate -22.6% -33.5% 54.9% 0.7% 66.0% 11.4% 2.6% 4.2% -9.3% 10.5%
Cash Dividends 8.10
8.10
8.10
8.19
9.95
12.14
14.80
14.82
15.53
18.05
18.43
growth rate 0.0% 0.0% 1.2% 21.4% 22.1% 21.9% 0.2% 4.8% 16.3% 2.1%
Cash From OA 59.10
50.20
54.00
76.96
68.59
90.84
91.66
85.72
130.35
103.36
152.55
growth rate -15.1% 7.6% 42.5% -10.9% 32.5% 0.9% -6.5% 52.1% -20.7% 47.6%
FCF per Share 1.12
1.01
1.33
1.61
1.60
1.62
1.80
2.03
2.36
2.87
2.73
growth rate -9.8% 31.7% 21.1% -0.6% 1.3% 11.1% 12.8% 16.3% 21.6% -4.9%
Sale Purchase of Stock -14.91
16.00
32.94
13.59
14.76
8.59
7.73
growth rate 100.0% 105.9% -58.8% 8.6% -41.8% -10.0%
FCF 32.00
29.00
39.00
56.00
47.00
55.00
52.00
45.00
88.00
65.00
110.00
growth rate -9.4% 34.5% 43.6% -16.1% 17.0% -5.5% -13.5% 95.6% -26.1% 69.2%
Income Statement Dec '08 Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Sales 474.40
417.40
483.90
536.40
584.45
652.48
780.96
959.13
1,030.21
1,169.35
1,320.89
growth rate -12.0% 15.9% 10.9% 9.0% 11.6% 19.7% 22.8% 7.4% 13.5% 13.0%
Op.Income 70.30
18.60
53.70
47.20
52.67
54.47
96.92
105.13
102.44
110.04
121.41
growth rate -73.5% 188.7% -12.1% 11.6% 3.4% 78.0% 8.5% -2.6% 7.4% 10.3%
IBT 69.40
17.90
53.10
76.57
83.16
83.92
96.09
79.67
58.11
107.54
120.25
growth rate -74.2% 196.7% 44.2% 8.6% 0.9% 14.5% -17.1% -27.1% 85.1% 11.8%
Net Income 42.50
9.80
32.00
47.20
52.67
54.47
61.17
55.58
27.51
87.26
92.05
growth rate -76.9% 226.5% 47.5% 11.6% 3.4% 12.3% -9.2% -50.5% 217.2% 5.5%
EPS 1.47
0.34
1.10
1.60
1.78
1.77
1.96
1.78
0.90
2.89
3.12
growth rate -76.9% 223.5% 45.5% 11.3% -0.6% 10.7% -9.2% -49.4% 221.1% 8.0%
Gross Profit 273.90
235.70
239.40
313.40
310.38
339.03
210.14
241.92
253.42
278.07
308.22
growth rate -14.0% 1.6% 30.9% -1.0% 9.2% -38.0% 15.1% 4.8% 9.7% 10.8%

Quarterly Statements

Item Name Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Earnings BIT 32.87
29.42
34.88
24.73
30.55
growth rate -10.5% 18.5% -29.1% 23.5%
Balance Sheet Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Acct.Receivable 152.39
148.46
161.42
150.62
154.72
growth rate -2.6% 8.7% -6.7% 2.7%
Acct.Payable 32.04
35.11
34.63
31.12
30.59
growth rate 9.6% -1.4% -10.1% -1.7%
Cur.Assets 193.51
201.07
201.08
202.07
193.07
growth rate 3.9% 0.0% 0.5% -4.5%
Total Assets 711.29
743.14
760.22
885.58
936.56
growth rate 4.5% 2.3% 16.5% 5.8%
Cash 20.10
28.91
25.66
42.17
14.78
growth rate 43.8% -11.3% 64.3% -65.0%
Inventory 2.24
growth rate
Cur.Liabilities 69.72
75.52
74.72
116.65
136.64
growth rate 8.3% -1.1% 56.1% 17.1%
Liabilities 169.42
194.73
206.97
332.14
386.52
growth rate 14.9% 6.3% 60.5% 16.4%
LT Debt 40.45
40.38
47.28
47.31
57.31
growth rate -0.2% 17.1% 0.1% 21.1%
Equity 541.87
548.41
553.24
553.44
550.04
growth rate 1.2% 0.9% 0.0% -0.6%
Common Shares 0.29
0.29
0.29
0.28
0.28
growth rate -1.0% -1.0% -0.4% -1.4%
Cash Flow Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Capital Expenditures 11.39
16.74
7.95
4.09
12.51
growth rate 47.0% -52.5% -48.6% 205.8%
Cash Dividends 4.42
4.39
5.21
5.19
5.14
growth rate -0.7% 18.9% -0.5% -0.9%
Cash From OA 26.18
46.86
38.71
41.53
30.24
growth rate 79.0% -17.4% 7.3% -27.2%
Sale Purchase of Stock 1.35
growth rate
FCF 14.79
30.12
30.76
37.44
17.73
growth rate 103.6% 2.1% 21.7% -52.6%
Income Statement Jun '18 Sep '18 Dec '18 Mar '19 Jun '19
Sales 330.34
331.38
356.56
321.47
345.76
growth rate 0.3% 7.6% -9.8% 7.6%
Op.Income 32.87
29.42
34.88
24.73
30.55
growth rate -10.5% 18.5% -29.1% 23.5%
IBT 32.39
29.41
34.59
24.16
29.97
growth rate -9.2% 17.6% -30.2% 24.1%
Net Income 24.30
22.33
27.69
18.41
22.33
growth rate -8.1% 24.0% -33.5% 21.3%
EPS
growth rate
Gross Profit 78.95
75.59
83.84
76.31
84.10
growth rate -4.3% 10.9% -9.0% 10.2%

Growth Grade & Financial Ratios

All financial ratios below are calculated based on latest annual statements available and present the most up to date snapshot of a company finances.

Growth Grade

Historical Growth Grade:

A (85.61)

YOY Growth Grade:

D (48.68)

Click on buttons above for detailed yearly growth rates.

Market Ratios

Profitability Ratios

Liquidity Ratios

Efficiency Ratios

Value Price

PE and EPS

Historical Current Forward
PE 20.24 19.15 17.31
EPS / Growth 6.8% 3.17 12.6%

Value Price & Investment Recovery Time

Read more about Stock2Own value price in Stock Market: Fundamental Analysis.

Equity Growth Rate: 7.0%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 6.8% 8.8% 8.8%
Future PE 13.60 18.37 18.37
Future EPS 6.11 7.34 7.34
Value Price
MOS %
20.54
-66.1%
33.34
-45.0%
33.34
-45.0%
MOS Price 10.27 16.67 16.67
IRT 12.11 11.10 11.10

Graham Number:

NOTE: The Graham Number applies only to certain types of stocks in combination with a number of other criteria.

Read more about Graham Number in Stock Market: Fundamental Analysis.

Price Chart

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Risk / Reward Ratios

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