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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 14.60
FWRD's Cash to Debt is ranked higher than
94% of the 1075 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.32 vs. FWRD: 14.60 )
FWRD' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 14.6

Equity to Asset 0.85
FWRD's Equity to Asset is ranked higher than
98% of the 1077 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.45 vs. FWRD: 0.85 )
FWRD' s 10-Year Equity to Asset Range
Min: 0.29   Max: 0.88
Current: 0.85

0.29
0.88
Interest Coverage 158.56
FWRD's Interest Coverage is ranked higher than
88% of the 677 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 5.61 vs. FWRD: 158.56 )
FWRD' s 10-Year Interest Coverage Range
Min: 13.28   Max: 974.51
Current: 158.56

13.28
974.51
F-Score: 3
Z-Score: 13.36
M-Score: -2.51
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 12.55
FWRD's Operating margin (%) is ranked higher than
85% of the 1088 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 6.66 vs. FWRD: 12.55 )
FWRD' s 10-Year Operating margin (%) Range
Min: 4.44   Max: 21.37
Current: 12.55

4.44
21.37
Net-margin (%) 7.98
FWRD's Net-margin (%) is ranked higher than
83% of the 1088 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 4.26 vs. FWRD: 7.98 )
FWRD' s 10-Year Net-margin (%) Range
Min: 2.35   Max: 13.99
Current: 7.98

2.35
13.99
ROE (%) 13.22
FWRD's ROE (%) is ranked higher than
89% of the 1069 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 7.23 vs. FWRD: 13.22 )
FWRD' s 10-Year ROE (%) Range
Min: 4.45   Max: 43.34
Current: 13.22

4.45
43.34
ROA (%) 11.29
FWRD's ROA (%) is ranked higher than
97% of the 1091 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 2.92 vs. FWRD: 11.29 )
FWRD' s 10-Year ROA (%) Range
Min: 3.14   Max: 23.97
Current: 11.29

3.14
23.97
ROC (Joel Greenblatt) (%) 39.43
FWRD's ROC (Joel Greenblatt) (%) is ranked higher than
95% of the 1091 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 8.07 vs. FWRD: 39.43 )
FWRD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 11.14   Max: 98.63
Current: 39.43

11.14
98.63
Revenue Growth (%) 8.50
FWRD's Revenue Growth (%) is ranked higher than
85% of the 974 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 3.60 vs. FWRD: 8.50 )
FWRD' s 10-Year Revenue Growth (%) Range
Min: -42.7   Max: 90.2
Current: 8.5

-42.7
90.2
EBITDA Growth (%) 11.20
FWRD's EBITDA Growth (%) is ranked higher than
85% of the 871 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 3.00 vs. FWRD: 11.20 )
FWRD' s 10-Year EBITDA Growth (%) Range
Min: -38.1   Max: 115.7
Current: 11.2

-38.1
115.7
EPS Growth (%) 17.20
FWRD's EPS Growth (%) is ranked higher than
85% of the 773 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 3.90 vs. FWRD: 17.20 )
FWRD' s 10-Year EPS Growth (%) Range
Min: -39.7   Max: 73.6
Current: 17.2

-39.7
73.6
» FWRD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

FWRD Guru Trades in Q3 2013

Steven Cohen 73,300 sh (New)
Joel Greenblatt Sold Out
James Barrow 1,619,196 sh (-0.82%)
Chuck Royce 2,682,492 sh (-1%)
Columbia Wanger 2,192,000 sh (-3.69%)
Jim Simons 273,239 sh (-4.88%)
» More
Q4 2013

FWRD Guru Trades in Q4 2013

Paul Tudor Jones 6,314 sh (New)
Chuck Royce 2,646,992 sh (-1.32%)
James Barrow 1,594,251 sh (-1.54%)
Columbia Wanger 2,152,000 sh (-1.82%)
Jim Simons 219,700 sh (-19.59%)
Steven Cohen 14,784 sh (-79.83%)
» More
Q1 2014

FWRD Guru Trades in Q1 2014

Paul Tudor Jones 13,765 sh (+118.01%)
Jim Simons 302,839 sh (+37.84%)
Chuck Royce 2,646,992 sh (unchged)
Steven Cohen Sold Out
James Barrow 1,585,561 sh (-0.55%)
Columbia Wanger 1,805,000 sh (-16.12%)
» More
Q2 2014

FWRD Guru Trades in Q2 2014

Jim Simons 327,339 sh (+8.09%)
Chuck Royce 2,650,292 sh (+0.12%)
James Barrow 1,531,306 sh (-3.42%)
Columbia Wanger 1,649,000 sh (-8.64%)
Paul Tudor Jones 5,265 sh (-61.75%)
» More
» Details

Insider Trades

Latest Guru Trades with FWRD

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-09-30 Sold Out 0.01%$36.35 - $40.94 $ 45.921%0
Joel Greenblatt 2013-06-30 Reduce -70.64%0.04%$35.93 - $39.62 $ 45.921%8814
Joel Greenblatt 2013-03-31 Reduce -20.14%0.02%$35.01 - $39.26 $ 45.923%30024
Joel Greenblatt 2012-12-31 Add 29.36%0.02%$29.76 - $34.7 $ 45.942%37595
Joel Greenblatt 2012-09-30 Reduce -31.51%0.03%$30.41 - $36.58 $ 45.937%29062
Joel Greenblatt 2012-03-31 Add 50.27%0.04%$32.32 - $37.12 $ 45.941%41321
Joel Greenblatt 2011-09-30 Add 207.52%0.07%$24.25 - $36.03 $ 45.956%24586
James Barrow 2011-06-30 New Buy0.12%$30.01 - $35.1 $ 45.940%1689118
Joel Greenblatt 2011-06-30 Reduce -20.39%0.02%$30.01 - $35.1 $ 45.940%7995
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 24.70
FWRD's P/E(ttm) is ranked higher than
71% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 22.80 vs. FWRD: 24.70 )
FWRD' s 10-Year P/E(ttm) Range
Min: 11.26   Max: 76.82
Current: 24.7

11.26
76.82
P/B 3.15
FWRD's P/B is ranked higher than
56% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.37 vs. FWRD: 3.15 )
FWRD' s 10-Year P/B Range
Min: 1.96   Max: 7.64
Current: 3.15

1.96
7.64
P/S 1.98
FWRD's P/S is ranked higher than
64% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.08 vs. FWRD: 1.98 )
FWRD' s 10-Year P/S Range
Min: 0.9   Max: 4.14
Current: 1.98

0.9
4.14
PFCF 27.07
FWRD's PFCF is ranked higher than
84% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 9999.00 vs. FWRD: 27.07 )
FWRD' s 10-Year PFCF Range
Min: 11.73   Max: 176.05
Current: 27.07

11.73
176.05
EV-to-EBIT 15.34
FWRD's EV-to-EBIT is ranked higher than
81% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 20.14 vs. FWRD: 15.34 )
FWRD' s 10-Year EV-to-EBIT Range
Min: 7.3   Max: 41
Current: 15.34

7.3
41
PEG 0.96
FWRD's PEG is ranked higher than
95% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 9999.00 vs. FWRD: 0.96 )
FWRD' s 10-Year PEG Range
Min: 0.71   Max: 15.39
Current: 0.96

0.71
15.39
Shiller P/E 31.78
FWRD's Shiller P/E is ranked higher than
78% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 40.25 vs. FWRD: 31.78 )
FWRD' s 10-Year Shiller P/E Range
Min: 10.93   Max: 45.2
Current: 31.78

10.93
45.2
Current Ratio 3.14
FWRD's Current Ratio is ranked higher than
94% of the 1087 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.27 vs. FWRD: 3.14 )
FWRD' s 10-Year Current Ratio Range
Min: 0.98   Max: 8.8
Current: 3.14

0.98
8.8
Quick Ratio 3.14
FWRD's Quick Ratio is ranked higher than
95% of the 1087 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.19 vs. FWRD: 3.14 )
FWRD' s 10-Year Quick Ratio Range
Min: 0.98   Max: 8.8
Current: 3.14

0.98
8.8

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.00
FWRD's Dividend Yield is ranked lower than
75% of the 828 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.94 vs. FWRD: 1.00 )
FWRD' s 10-Year Dividend Yield Range
Min: 0.2   Max: 1.94
Current: 1

0.2
1.94
Dividend Payout 0.24
FWRD's Dividend Payout is ranked higher than
86% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.78 vs. FWRD: 0.24 )
FWRD' s 10-Year Dividend Payout Range
Min: 0.14   Max: 0.7
Current: 0.24

0.14
0.7
Dividend growth (3y) 12.60
FWRD's Dividend growth (3y) is ranked higher than
87% of the 629 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 0.90 vs. FWRD: 12.60 )
FWRD' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 12.6
Current: 12.6

0
12.6
Yield on cost (5-Year) 1.57
FWRD's Yield on cost (5-Year) is ranked lower than
59% of the 842 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 2.07 vs. FWRD: 1.57 )
FWRD' s 10-Year Yield on cost (5-Year) Range
Min: 0.31   Max: 3.05
Current: 1.57

0.31
3.05
Share Buyback Rate -1.90
FWRD's Share Buyback Rate is ranked higher than
70% of the 666 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: -0.70 vs. FWRD: -1.90 )
FWRD' s 10-Year Share Buyback Rate Range
Min: 51.6   Max: -121.4
Current: -1.9

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 87.46
FWRD's Price/Net Current Asset Value is ranked higher than
95% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 9999.00 vs. FWRD: 87.46 )
FWRD' s 10-Year Price/Net Current Asset Value Range
Min: 7.11   Max: 1362.5
Current: 87.46

7.11
1362.5
Price/Tangible Book 5.99
FWRD's Price/Tangible Book is ranked higher than
57% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.62 vs. FWRD: 5.99 )
FWRD' s 10-Year Price/Tangible Book Range
Min: 0.29   Max: 27.78
Current: 5.99

0.29
27.78
Price/DCF (Projected) 1.76
FWRD's Price/DCF (Projected) is ranked higher than
83% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 5.66 vs. FWRD: 1.76 )
FWRD' s 10-Year Price/DCF (Projected) Range
Min: 0.81   Max: 32.58
Current: 1.76

0.81
32.58
Price/Median PS Value 0.98
FWRD's Price/Median PS Value is ranked higher than
81% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.14 vs. FWRD: 0.98 )
FWRD' s 10-Year Price/Median PS Value Range
Min: 0.09   Max: 2.26
Current: 0.98

0.09
2.26
Price/Peter Lynch Fair Value 1.16
FWRD's Price/Peter Lynch Fair Value is ranked higher than
92% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 9999.00 vs. FWRD: 1.16 )
FWRD' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.78   Max: 5.47
Current: 1.16

0.78
5.47
Price/Graham Number 2.57
FWRD's Price/Graham Number is ranked higher than
66% of the 1123 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 1.76 vs. FWRD: 2.57 )
FWRD' s 10-Year Price/Graham Number Range
Min: 0.15   Max: 9.74
Current: 2.57

0.15
9.74
Earnings Yield (Greenblatt) 6.50
FWRD's Earnings Yield (Greenblatt) is ranked higher than
78% of the 1002 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 5.70 vs. FWRD: 6.50 )
FWRD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.4   Max: 13.7
Current: 6.5

2.4
13.7
Forward Rate of Return (Yacktman) 23.86
FWRD's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 889 Companies
in the Global Integrated Shipping & Logistics industry.

( Industry Median: 4.10 vs. FWRD: 23.86 )
FWRD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -6.8   Max: 27.5
Current: 23.86

-6.8
27.5

Business Description

Industry: Transportation & Logistics » Integrated Shipping & Logistics
Compare:UPS, DPSGY, FDX, KHNGY, LFUGF » details
Forward Air Corporation was incorporated in Tennessee in 1981. The Company's operations can be broadly classified into two principal segments: Forward Air, Inc. and Forward Air Solutions, Inc. Through its Forward Air segment, the Company is a provider of time-definite surface transportation and related logistics services to the North American expedited ground freight market. It offers its customers local pick-up and delivery (Forward Air Complete) and scheduled surface transportation of cargo as a cost-effective, reliable alternative to air transportation. The Company operates its Forward Air segment through a network of terminals located on or near airports in 85 cities in the United States and Canada, including a central sorting facility in Columbus, Ohio and 12 regional hubs serving key markets. It also offers its customers an array of logistics and other services including: expedited full truckload; dedicated fleets; warehousing; customs brokerage; and shipment consolidation, deconsolidation and handling. Through its Forward Air segment, the Company markets its airport-to-airport services primarily to freight forwarders, integrated air cargo carriers, and passenger and cargo airlines. To serve this market, it offers customers a high level of service with a focus on on-time, damage-free deliveries. The Company serves its customers by locating its terminals on or near airports and maintaining regularly scheduled transportation service between major cities. Through its FASI segment, the Company provides pool distribution services throughout the Mid-Atlantic, Southeast, Midwest and Southwest continental United States. Pool distribution involves managing high-frequency handling and distribution of time-sensitive product to numerous destinations in specific geographic regions. The Company's Forward Air wholesale customer base is primarily comprised of freight forwarders, integrated air cargo carriers and passenger and cargo airlines. Its freight forwarder customers vary in size from small, independent, single facility companies to large, international logistics companies such as SEKO Worldwide, AIT Worldwide Logistics, Expeditors International of Washington, Associated Global, UPS Supply Chain Solutions and Pilot Air Freight. The Company's FASI pool distribution customers are primarily comprised of national and regional retailers and distributors, such as The Limited, The Marmaxx Group, The GAP, and Aeropostale. The expedited ground freight and pool distribution segments of the transportation industry are highly competitive and very fragmented. Its Forward Air and FASI competitors primarily include national and regional truckload and less-than-truckload carriers.
» More Articles for FWRD

Headlines

Articles On GuruFocus.com
This Leading Provider of Truck Transportation Is Prepared to Fly High Mar 03 2014 
3 Interesting Small Stocks To Watch Oct 29 2012 
Ex-Dividend Date Reminder For March 06, 2012 Mar 05 2012 
Delivering Big Profits With 5 Shipping Stocks Feb 24 2012 
Forward Air Corp. (FWRD) CFO, SVP & Treasurer Rodney L Bell sells 18,000 Shares Mar 10 2011 
Forward Air Corporation Announces Authorization and Declaration of Quarterly Cash Dividend Jul 28 2009 
Forward Air Corporation Announces Authorization and Declaration of Quarterly Cash Dividend Jul 28 2009 
Forward Air Corporation Announces Authorization and Declaration of Quarterly Cash Dividend Feb 11 2009 
Forward Air Corporation Reports Fourth Quarter and Fiscal 2008 Results Feb 09 2009 
Forward Air Corporation Announces Timing of Fourth Quarter 2008 Earnings Release and Conference Call Jan 09 2009 

More From Other Websites
Mark A. DiBlasi, President and CEO of Roadrunner Transportation Systems, Inc. (RRTS), Interviews... Aug 18 2014
FORWARD AIR CORP Financials Jul 31 2014
FORWARD AIR CORP Files SEC form 10-Q, Quarterly Report Jul 25 2014
Forward Air Corp Earnings Call scheduled for 9:00 am ET today Jul 23 2014
FORWARD AIR CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events,... Jul 22 2014
Forward Air Corporation Reports Second Quarter 2014 Results and Announces Quarterly Cash Dividend Jul 22 2014
Q2 2014 Forward Air Earnings Release - After Market Close Jul 22 2014
Why Forward Air (FWRD) Might Surprise This Earnings Season Jul 18 2014
Forward Air (FWRD) is Overbought: Is A Drop Coming? Jun 27 2014
FORWARD AIR CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial... May 21 2014
Forward Air Corporation to Present at the KeyBanc Capital Markets’ 2014 Industrial, Automotive and... May 21 2014
Forward Air Corporation to Present at Wolfe Research Global Transportation Conference on Tuesday,... May 13 2014
Forward Air names Matthew J. Jewell as Chief Strategy Officer May 12 2014
Forward Air Corporation Announces Key Executive Promotions May 12 2014
FORWARD AIR CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders May 08 2014
Forward Air Corporation to Present at Baird’s 2014 Growth Stock Conference on Tuesday, May 6, 2014 Apr 30 2014
FORWARD AIR CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits Apr 28 2014
Forward Air Corporation Announces Authorization and Declaration of Quarterly Cash Dividend Apr 28 2014
FORWARD AIR CORP Files SEC form 10-Q, Quarterly Report Apr 25 2014
FORWARD AIR CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Apr 21 2014

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