Forward Air Stock Probability Of Bankruptcy

FWRD Stock

USD 33.46 0.68 1.99%

Forward Air's odds of distress is below 50% at the present time. It has small probability of experiencing financial distress in the next few years. Forward Air's Probability of distress is determined by interpolating and adjusting Forward Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Forward balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Forward Air Piotroski F Score and Forward Air Altman Z Score analysis.

For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

The current year's Market Cap is expected to grow to about 1.6 B. The current year's Enterprise Value is expected to grow to about 1.7 B

Forward Air Company probability of distress Analysis

Forward Air's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Forward Air Probability Of Bankruptcy

Less than 41%

Most of Forward Air's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Forward Air is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of Forward Air probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Forward Air odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Forward Air financial health.

Is Air Freight & Logistics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forward Air. If investors know Forward will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forward Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.45

Earnings Share

(29.29)

Revenue Per Share

81.783

Quarterly Revenue Growth

0.924

Return On Assets

0.0296

The market value of Forward Air is measured differently than its book value, which is the value of Forward that is recorded on the company's balance sheet. Investors also form their own opinion of Forward Air's value that differs from its market value or its book value, called intrinsic value, which is Forward Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forward Air's market value can be influenced by many factors that don't directly affect Forward Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Current Deferred Revenue	Common Stock	Intangible Assets	Long Term Debt	Property Plant Equipment	Good Will	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.86	0.99	0.84	0.82	0.64	0.99	0.89	0.57	0.29	0.17	0.66	0.97	0.41	0.77	0.9	0.68	0.62	0.62	-0.43	0.09	0.98	0.43	-0.95
Total Stockholder Equity	0.86		0.77	0.97	0.92	0.87	0.8	0.93	0.62	0.43	0.52	0.87	0.74	0.65	0.93	0.79	0.65	0.82	0.83	-0.71	0.16	0.75	0.48	-0.8
Net Debt	0.99	0.77		0.75	0.73	0.53	1.0	0.82	0.5	0.2	0.04	0.55	1.0	0.3	0.68	0.88	0.64	0.51	0.51	-0.31	0.08	1.0	0.4	-0.94
Retained Earnings	0.84	0.97	0.75		0.83	0.77	0.77	0.91	0.48	0.29	0.64	0.73	0.74	0.57	0.82	0.79	0.48	0.69	0.72	-0.55	0.18	0.75	0.48	-0.76
Accounts Payable	0.82	0.92	0.73	0.83		0.93	0.76	0.91	0.75	0.67	0.28	0.9	0.68	0.71	0.96	0.76	0.86	0.87	0.82	-0.73	0.04	0.7	0.52	-0.8
Net Receivables	0.64	0.87	0.53	0.77	0.93		0.57	0.81	0.74	0.71	0.43	0.93	0.47	0.84	0.93	0.53	0.79	0.9	0.83	-0.85	0.04	0.48	0.46	-0.61
Total Liab	0.99	0.8	1.0	0.77	0.76	0.57		0.85	0.53	0.25	0.08	0.58	0.99	0.33	0.71	0.89	0.66	0.54	0.55	-0.35	0.07	0.99	0.4	-0.95
Total Current Assets	0.89	0.93	0.82	0.91	0.91	0.81	0.85		0.66	0.5	0.4	0.74	0.8	0.59	0.83	0.84	0.72	0.72	0.71	-0.53	0.01	0.81	0.46	-0.86
Short Term Debt	0.57	0.62	0.5	0.48	0.75	0.74	0.53	0.66		0.65	0.11	0.81	0.44	0.65	0.77	0.39	0.85	0.71	0.71	-0.58	0.28	0.44	0.06	-0.57
Current Deferred Revenue	0.29	0.43	0.2	0.29	0.67	0.71	0.25	0.5	0.65		0.04	0.61	0.14	0.63	0.57	0.25	0.74	0.68	0.58	-0.63	-0.27	0.15	0.26	-0.29
Common Stock	0.17	0.52	0.04	0.64	0.28	0.43	0.08	0.4	0.11	0.04		0.36	0.06	0.45	0.34	0.09	-0.13	0.35	0.4	-0.33	0.2	0.06	0.05	-0.07
Intangible Assets	0.66	0.87	0.55	0.73	0.9	0.93	0.58	0.74	0.81	0.61	0.36		0.49	0.75	0.98	0.53	0.77	0.92	0.9	-0.88	0.29	0.49	0.34	-0.61
Long Term Debt	0.97	0.74	1.0	0.74	0.68	0.47	0.99	0.8	0.44	0.14	0.06	0.49		0.25	0.62	0.87	0.58	0.45	0.46	-0.25	0.06	1.0	0.39	-0.93
Property Plant Equipment	0.41	0.65	0.3	0.57	0.71	0.84	0.33	0.59	0.65	0.63	0.45	0.75	0.25		0.72	0.26	0.61	0.85	0.8	-0.69	0.12	0.25	0.42	-0.31
Good Will	0.77	0.93	0.68	0.82	0.96	0.93	0.71	0.83	0.77	0.57	0.34	0.98	0.62	0.72		0.68	0.79	0.91	0.9	-0.83	0.23	0.63	0.43	-0.73
Net Tangible Assets	0.9	0.79	0.88	0.79	0.76	0.53	0.89	0.84	0.39	0.25	0.09	0.53	0.87	0.26	0.68		0.58	0.52	0.54	-0.3	0.0	0.89	0.56	-0.89
Long Term Debt Total	0.68	0.65	0.64	0.48	0.86	0.79	0.66	0.72	0.85	0.74	-0.13	0.77	0.58	0.61	0.79	0.58		0.74	0.64	-0.6	-0.07	0.59	0.33	-0.71
Capital Surpluse	0.62	0.82	0.51	0.69	0.87	0.9	0.54	0.72	0.71	0.68	0.35	0.92	0.45	0.85	0.91	0.52	0.74		0.96	-0.87	0.12	0.46	0.36	-0.5
Deferred Long Term Liab	0.62	0.83	0.51	0.72	0.82	0.83	0.55	0.71	0.71	0.58	0.4	0.9	0.46	0.8	0.9	0.54	0.64	0.96		-0.82	0.32	0.47	0.36	-0.5
Accumulated Depreciation	-0.43	-0.71	-0.31	-0.55	-0.73	-0.85	-0.35	-0.53	-0.58	-0.63	-0.33	-0.88	-0.25	-0.69	-0.83	-0.3	-0.6	-0.87	-0.82		-0.1	-0.25	-0.24	0.32
Short Long Term Debt	0.09	0.16	0.08	0.18	0.04	0.04	0.07	0.01	0.28	-0.27	0.2	0.29	0.06	0.12	0.23	0.0	-0.07	0.12	0.32	-0.1		0.06	0.03	-0.02
Net Invested Capital	0.98	0.75	1.0	0.75	0.7	0.48	0.99	0.81	0.44	0.15	0.06	0.49	1.0	0.25	0.63	0.89	0.59	0.46	0.47	-0.25	0.06		0.42	-0.94
Net Working Capital	0.43	0.48	0.4	0.48	0.52	0.46	0.4	0.46	0.06	0.26	0.05	0.34	0.39	0.42	0.43	0.56	0.33	0.36	0.36	-0.24	0.03	0.42		-0.46
Capital Stock	-0.95	-0.8	-0.94	-0.76	-0.8	-0.61	-0.95	-0.86	-0.57	-0.29	-0.07	-0.61	-0.93	-0.31	-0.73	-0.89	-0.71	-0.5	-0.5	0.32	-0.02	-0.94	-0.46

	2020	2021	2022	2023	2024	2025 (projected)
Return On Assets	0.0504	0.0947	0.16	0.0562	0.0646	0.0614
Asset Turnover	1.21	1.49	1.63	0.46	0.53	0.5
Net Debt	203.0M	282.8M	232.0M	1.8B	2.1B	2.2B
Total Current Liabilities	172.1M	164.7M	169.4M	237.1M	272.7M	286.3M
Non Current Liabilities Total	328.4M	359.5M	331.4M	2.0B	2.3B	2.4B
Total Assets	1.0B	1.1B	1.2B	3.0B	3.4B	3.6B
Total Current Assets	249.5M	282.8M	304.3M	347.0M	399.1M	419.0M
Total Cash From Operating Activities	84.1M	120.3M	259.1M	181.4M	208.6M	219.0M

	Return On Equity	-2.2
	Return On Asset	0.0296
	Profit Margin	(0.31) %
	Operating Margin	0.06 %
	Current Valuation	2.94 B
	Shares Outstanding	28.95 M
	Shares Owned By Insiders	1.68 %
	Shares Owned By Institutions	98.32 %
	Number Of Shares Shorted	3.72 M
	Price To Earning	117.29 X
	Price To Book	4.37 X
	Price To Sales	0.44 X
	Revenue	1.37 B
	Gross Profit	444.45 M
	EBITDA	145.62 M
	Net Income	42.8 M
	Cash And Equivalents	46.85 M
	Cash Per Share	1.74 X
	Total Debt	1.95 B
	Debt To Equity	0.41 %
	Current Ratio	1.74 X
	Book Value Per Share	7.88 X
	Cash Flow From Operations	181.39 M
	Short Ratio	6.49 X
	Earnings Per Share	(29.29) X
	Price To Earnings To Growth	2.01 X
	Target Price	35.49
	Number Of Employees	4.01 K
	Beta	1.02
	Market Capitalization	968.81 M
	Total Asset	2.98 B
	Retained Earnings	480.32 M
	Working Capital	109.93 M
	Current Asset	173.46 M
	Current Liabilities	109.04 M
	Five Year Return	1.04 %
	Net Asset	2.98 B
	Last Dividend Paid	0.24

Forward Air Stock Probability Of Bankruptcy

Forward Air Company probability of distress Analysis

Probability Of Bankruptcy

Normalized

Z-Score

Current Forward Air Probability Of Bankruptcy

Forward Probability Of Bankruptcy Driver Correlations

Forward Probability Of Bankruptcy Peer Comparison

Forward Air Main Bankruptcy Drivers

Forward Air ESG Sustainability

Forward Fundamentals

About Forward Air Fundamental Analysis

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