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Market Price

61.17 

1.15 1.9%

as of Oct 29 '20

52 Week Range:

39.59 71.87


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 three segments: Expedited Freight, Intermodal, and Pool Distribution. 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. It also 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 pool distribution services comprising managing high-frequency handling and distribution of time-sensitive products to various destinations through a network of terminals. 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 '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Equity (BVPS) 7.75
8.82
9.49
12.05
13.71
14.76
16.12
16.48
17.17
19.22
20.15
growth rate 13.8% 7.6% 27.0% 13.8% 7.7% 9.2% 2.2% 4.2% 11.9% 4.8%
Earnings BIT 17.95
53.10
76.57
83.16
83.92
96.92
105.13
102.44
110.04
122.41
119.91
growth rate 195.8% 44.2% 8.6% 0.9% 15.5% 8.5% -2.6% 7.4% 11.2% -2.0%
Avg.PE 74.07
25.77
20.00
19.65
24.81
27.30
22.95
55.28
19.04
17.46
22.24
growth rate -65.2% -22.4% -1.8% 26.3% 10.0% -15.9% 140.9% -65.6% -8.3% 27.4%
ROA 3.14
9.63
13.68
14.23
12.03
11.60
8.89
4.09
13.04
12.59
9.84
growth rate 206.7% 42.1% 4.0% -15.5% -3.6% -23.4% -54.0% 218.8% -3.5% -21.8%
ROE 4.45
13.33
17.38
16.50
13.83
13.51
11.34
5.44
16.78
16.78
15.24
growth rate 199.6% 30.4% -5.1% -16.2% -2.3% -16.1% -52.0% 208.5% 0.0% -9.2%
ROIC 3.73
11.10
15.98
16.54
13.91
13.57
10.69
5.06
15.90
15.75
12.56
growth rate 197.6% 44.0% 3.5% -15.9% -2.4% -21.2% -52.7% 214.2% -0.9% -20.3%
Cur. Ratio 3.60
5.29
4.12
7.11
6.37
3.45
1.59
1.75
2.71
2.69
1.72
growth rate 46.9% -22.1% 72.6% -10.4% -45.8% -53.9% 10.1% 54.9% -0.7% -36.1%
Quick Ratio 3.28
4.97
3.82
6.71
5.89
3.15
1.48
1.61
2.52
2.50
1.59
growth rate 51.5% -23.1% 75.7% -12.2% -46.5% -53.0% 8.8% 56.5% -0.8% -36.4%
Leverage 1.41
1.36
1.19
1.14
1.16
1.17
1.37
1.28
1.29
1.37
1.72
growth rate -3.6% -12.5% -4.2% 1.8% 0.9% 17.1% -6.6% 0.8% 6.2% 25.6%
Balance Sheet Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Acct.Receivable 55.70
62.80
72.93
76.54
77.65
95.33
128.04
116.60
152.38
161.42
154.02
growth rate 12.8% 16.1% 5.0% 1.4% 22.8% 34.3% -8.9% 30.7% 5.9% -4.6%
Acct.Payable 29.71
23.21
29.42
20.57
23.33
18.01
30.72
34.63
29.99
growth rate -21.9% 26.7% -30.1% 13.4% -22.8% 70.6% 12.7% -13.4%
Cur.Assets 107.20
146.00
139.72
198.40
220.36
147.46
173.46
136.27
167.65
201.08
236.32
growth rate 36.2% -4.3% 42.0% 11.1% -33.1% 17.6% -21.4% 23.0% 19.9% 17.5%
Total Assets 316.70
348.80
341.15
399.19
506.27
539.31
699.93
641.29
692.62
760.22
990.88
growth rate 10.1% -2.2% 17.0% 26.8% 6.5% 29.8% -8.4% 8.0% 9.8% 30.3%
Cash 42.00
74.50
58.80
112.18
127.37
41.43
33.31
8.51
3.89
25.66
64.75
growth rate 77.4% -21.1% 90.8% 13.5% -67.5% -19.6% -74.5% -54.3% 559.1% 152.4%
Inventory 0.90
0.80
0.88
0.90
1.05
1.06
1.31
1.31
1.43
2.24
2.13
growth rate -11.1% 10.1% 2.3% 16.8% 0.4% 24.1% -0.3% 9.1% 57.2% -4.8%
Cur.Liabilities 29.80
27.60
33.93
27.92
34.61
43.43
109.04
77.93
66.15
74.72
137.16
growth rate -7.4% 22.9% -17.7% 24.0% 25.5% 151.1% -28.5% -15.1% 13.0% 83.6%
Liabilities 92.20
92.70
54.25
47.52
70.40
75.75
189.88
142.22
159.92
206.97
413.70
growth rate 0.5% -41.5% -12.4% 48.2% 7.6% 150.7% -25.1% 12.5% 29.4% 99.9%
LT Debt 52.20
50.90
0.33
0.06
0.00
1.28
27.54
0.73
40.22
47.28
67.34
growth rate -2.5% -99.4% -82.6% -94.8% 42,400.0% 2,060.2% -97.4% 5,448.0% 17.6% 42.4%
Equity 224.50
256.10
286.90
351.67
435.87
463.56
510.06
499.07
532.70
553.24
577.18
growth rate 14.1% 12.0% 22.6% 23.9% 6.4% 10.0% -2.2% 6.7% 3.9% 4.3%
Common Shares 29.00
29.00
29.00
30.00
31.00
31.00
31.00
30.00
30.00
29.00
28.00
growth rate 0.0% 0.0% 3.5% 3.3% 0.0% 0.0% -3.2% 0.0% -3.3% -3.5%
Cash Flow Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Capital Expenditures 20.60
13.70
21.22
21.35
35.44
39.49
40.50
42.19
38.27
42.29
28.21
growth rate -33.5% 54.9% 0.7% 66.0% 11.4% 2.6% 4.2% -9.3% 10.5% -33.3%
Cash Dividends 8.10
8.10
8.19
9.95
12.14
14.80
14.82
15.53
18.05
18.43
20.49
growth rate 0.0% 1.2% 21.4% 22.1% 21.9% 0.2% 4.8% 16.3% 2.1% 11.2%
Cash From OA 50.20
54.00
76.96
68.59
90.84
91.66
85.72
130.35
103.36
152.55
159.02
growth rate 7.6% 42.5% -10.9% 32.5% 0.9% -6.5% 52.1% -20.7% 47.6% 4.2%
FCF per Share 1.01
1.33
1.61
1.60
1.62
1.80
2.03
2.36
2.87
2.73
4.26
growth rate 31.7% 21.1% -0.6% 1.3% 11.1% 12.8% 16.3% 21.6% -4.9% 56.0%
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 29.00
39.00
56.00
47.00
55.00
52.00
45.00
88.00
65.00
110.00
131.00
growth rate 34.5% 43.6% -16.1% 17.0% -5.5% -13.5% 95.6% -26.1% 69.2% 19.1%
Income Statement Dec '09 Dec '10 Dec '11 Dec '12 Dec '13 Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Sales 417.40
483.90
536.40
584.45
652.48
780.96
959.13
1,030.21
1,169.35
1,320.89
1,410.40
growth rate 15.9% 10.9% 9.0% 11.6% 19.7% 22.8% 7.4% 13.5% 13.0% 6.8%
Op.Income 18.60
53.70
47.20
52.67
54.47
96.92
105.13
102.44
110.04
122.41
119.91
growth rate 188.7% -12.1% 11.6% 3.4% 78.0% 8.5% -2.6% 7.4% 11.2% -2.0%
IBT 17.90
53.10
76.57
83.16
83.92
96.09
79.67
58.11
107.54
120.25
116.11
growth rate 196.7% 44.2% 8.6% 0.9% 14.5% -17.1% -27.1% 85.1% 11.8% -3.4%
Net Income 9.80
32.00
47.20
52.67
54.47
61.17
55.58
27.51
87.26
92.05
87.10
growth rate 226.5% 47.5% 11.6% 3.4% 12.3% -9.2% -50.5% 217.2% 5.5% -5.4%
EPS 0.34
1.10
1.60
1.78
1.77
1.96
1.78
0.90
2.89
3.12
3.04
growth rate 223.5% 45.5% 11.3% -0.6% 10.7% -9.2% -49.4% 221.1% 8.0% -2.6%
Gross Profit 235.70
239.40
313.40
310.38
339.03
210.14
241.92
253.42
278.07
309.22
329.99
growth rate 1.6% 30.9% -1.0% 9.2% -38.0% 15.1% 4.8% 9.7% 11.2% 6.7%

Quarterly Statements

Item Name Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Earnings BIT 30.55
31.58
33.05
13.07
13.91
growth rate 3.4% 4.7% -60.5% 6.5%
Balance Sheet Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Acct.Receivable 154.72
157.49
154.02
143.23
130.76
growth rate 1.8% -2.2% -7.0% -8.7%
Acct.Payable 30.59
32.60
29.99
26.57
27.68
growth rate 6.6% -8.0% -11.4% 4.2%
Cur.Assets 193.07
215.71
236.32
241.19
247.29
growth rate 11.7% 9.6% 2.1% 2.5%
Total Assets 936.56
980.63
990.88
1,066.24
1,072.50
growth rate 4.7% 1.0% 7.6% 0.6%
Cash 14.78
34.82
64.75
77.25
80.92
growth rate 135.7% 85.9% 19.3% 4.8%
Inventory 2.13
growth rate
Cur.Liabilities 136.64
139.78
137.16
143.33
146.85
growth rate 2.3% -1.9% 4.5% 2.5%
Liabilities 386.52
419.49
413.70
500.40
506.21
growth rate 8.5% -1.4% 21.0% 1.2%
LT Debt 57.31
67.33
67.34
136.90
130.92
growth rate 17.5% 0.0% 103.3% -4.4%
Equity 550.04
561.15
577.18
565.84
566.29
growth rate 2.0% 2.9% -2.0% 0.1%
Common Shares 0.28
0.28
0.28
0.28
0.28
growth rate -0.4% 0.0% -0.7% 0.0%
Cash Flow Statement Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Capital Expenditures 12.51
10.50
1.11
3.17
11.56
growth rate -16.0% -89.5% 186.5% 264.5%
Cash Dividends 5.14
5.09
5.07
5.05
5.04
growth rate -1.1% -0.3% -0.5% -0.3%
Cash From OA 30.24
45.97
41.29
29.17
26.09
growth rate 52.0% -10.2% -29.4% -10.5%
Sale Purchase of Stock
growth rate
FCF 17.73
35.46
40.18
25.99
14.53
growth rate 100.0% 13.3% -35.3% -44.1%
Income Statement Jun '19 Sep '19 Dec '19 Mar '20 Jun '20
Sales 345.76
361.66
381.50
305.56
281.68
growth rate 4.6% 5.5% -19.9% -7.8%
Op.Income 30.55
31.58
33.05
13.07
13.91
growth rate 3.4% 4.7% -60.5% 6.5%
IBT 29.97
29.93
32.06
14.92
12.72
growth rate -0.1% 7.1% -53.5% -14.8%
Net Income 22.33
22.20
24.17
8.38
3.15
growth rate -0.6% 8.9% -65.4% -62.3%
EPS
growth rate
Gross Profit 84.10
84.17
85.41
63.50
55.93
growth rate 0.1% 1.5% -25.7% -11.9%

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:

B (76.82)

YOY Growth Grade:

C (54.87)

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 28.25 30.28 22.21
EPS / Growth 10.6% 2.02 13.2%

Value Price & Investment Recovery Time

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

Equity Growth Rate: 6.2%

Estimates Pessimistic Moderate Optimistic My Numbers
Rate of Return 15.0%
MOS Price % 50 %
Future EPS Growth 6.2% 10.0% 10.0%
Future PE 12.32 23.46 23.46
Future EPS 3.67 5.22 5.22
Value Price
MOS %
11.18
-81.7%
30.27
-50.5%
30.27
-50.5%
MOS Price 5.59 15.14 15.14
IRT 16.97 13.90 13.90

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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