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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Forward Air's Enterprise Value is $2,445 Mil. Forward Air's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $88 Mil. Therefore, Forward Air's EV-to-EBIT ratio for today is 27.72.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Forward Air's Enterprise Value is $2,445 Mil. Forward Air's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $146 Mil. Therefore, Forward Air's EV-to-EBITDA ratio for today is 16.79.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Forward Air's Enterprise Value is $2,445 Mil. Forward Air's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $1,371 Mil. Therefore, Forward Air's EV-to-Revenue ratio for today is 1.78.
The historical data trend for Forward Air's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Integrated Freight & Logistics subindustry, Forward Air's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Transportation industry and Industrials sector, Forward Air's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Forward Air's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Forward Air's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
Enterprise Value (A: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 1613.916909 | + | 0 | + | 1888.834 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 56.989 | + | 0 | - | 121.969 |
= | 3,438 |
Forward Air's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as
Enterprise Value (Q: Dec. 2023 ) | |||||
= | Market Cap | + | Preferred Stock | + | Long-Term Debt & Capital Lease Obligation |
= | 1613.916909 | + | 0 | + | 1888.834 |
+ | Short-Term Debt & Capital Lease Obligation | + | Minority Interest | - | Cash, Cash Equivalents, Marketable Securities |
+ | 56.989 | + | 0 | - | 121.969 |
= | 3,438 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Forward Air (NAS:FWRD) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Forward Air's EV-to-EBIT for today is
EV-to-EBIT | = | Enterprise Value (Today) | / | EBIT (TTM) |
= | 2445.140 | / | 88.21 | |
= | 27.72 |
Forward Air's current Enterprise Value is $2,445 Mil.
Forward Air's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $88 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Forward Air's EV-to-EBITDA for today is:
EV-to-EBITDA | = | Enterprise Value (Today) | / | EBITDA(TTM) |
= | 2445.140 | / | 145.615 | |
= | 16.79 |
Forward Air's current Enterprise Value is $2,445 Mil.
Forward Air's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $146 Mil.
3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.
Forward Air's EV-to-Revenue for today is:
EV-to-Revenue | = | Enterprise Value (Today) | / | Revenue (TTM) |
= | 2445.140 | / | 1370.735 | |
= | 1.78 |
Forward Air's current Enterprise Value is $2,445 Mil.
Forward Air's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,371 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Forward Air's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Chris C Ruble | officer: Sr. Vice President, Operations | PO BOX 1058, GREENVILLIE TN 37744 |
Kyle R Mitchin | officer: Senior VP, Human Resources | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Nancee L Ronning | officer: Chief Commercial Officer | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Javier Polit | director | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Mayes George S Jr | director | 5995 MAYFAIR ROAD, NORTH CANTON OH 44720 |
Craig Carlock | director | C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408 |
George M Lynch | director | 2566 KENT RIDGE COURT, BLOOMFIELD HILLS MI 48025 |
C Robert Campbell | director | 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134 |
Michael L Hance | officer: Senior VP, CLO and Secretary | 430 AIRPORT ROAD, GREENEVILLE TN 37745 |
Chitra Nayak | director | 1400 16TH STREET, SAN FRANCISCO CA 94103 |
Thomas Schmitt | officer: President & CEO | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Ronald W Allen | director | P O BOX 1734, ATLANTA GA 30301 |
Laurie Anne Tucker | director | 65 MARYS CREEK COVE NORTH, EADS TN 38028 |
Scott M Niswonger | director, 10 percent owner, officer: CEO & Chairman | 165 MADISON AVENUE, MEMPHIS TN 38103 |
Rebecca J Garbrick | officer: CAO, VP and Controller | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
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