Forward Non Recurring vs Income Before Tax Analysis

FWRD Stock  USD 14.28  1.12  7.27%   
Forward Air financial indicator trend analysis is much more than just examining Forward Air latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Forward Air is a good investment. Please check the relationship between Forward Air Non Recurring and its Income Before Tax accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.

Non Recurring vs Income Before Tax

Non Recurring vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forward Air Non Recurring account and Income Before Tax. At this time, the significance of the direction appears to have very week relationship.
The correlation between Forward Air's Non Recurring and Income Before Tax is 0.2. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Forward Air, assuming nothing else is changed. The correlation between historical values of Forward Air's Non Recurring and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of Forward Air are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Non Recurring i.e., Forward Air's Non Recurring and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.2
Relationship DirectionPositive 
Relationship StrengthVery Weak

Non Recurring

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Forward Air income statement and is an important metric when analyzing Forward Air profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Forward Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Forward Air current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.At present, Forward Air's Enterprise Value Multiple is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 1.7 B, whereas Tax Provision is forecasted to decline to about 13.1 M.
 2021 2022 2023 2024 (projected)
Gross Profit365.3M546.8M88.2M83.8M
Total Revenue1.7B2.0B1.4B1.4B

Forward Air fundamental ratios Correlations

0.980.880.90.80.750.980.750.740.711.00.620.710.3-0.010.98-0.060.560.080.990.960.840.670.290.260.14
0.980.90.810.650.611.00.620.60.750.980.560.750.12-0.091.0-0.120.41-0.081.00.910.730.580.170.130.0
0.880.90.660.630.430.90.620.470.640.90.530.640.030.140.9-0.020.310.190.890.850.590.38-0.050.260.14
0.90.810.660.850.920.820.730.890.480.880.740.480.58-0.080.820.170.810.150.850.90.880.890.570.250.16
0.80.650.630.850.90.660.950.890.440.770.530.440.70.310.670.030.810.530.70.810.90.710.450.630.56
0.750.610.430.920.90.620.780.940.360.720.640.360.780.010.620.130.830.290.660.780.90.840.70.390.33
0.981.00.90.820.660.620.610.610.710.990.570.710.14-0.111.0-0.110.42-0.061.00.910.720.60.180.11-0.02
0.750.620.620.730.950.780.610.770.560.720.360.560.570.490.63-0.080.710.490.650.750.870.570.280.770.7
0.740.60.470.890.890.940.610.770.290.710.60.290.81-0.040.610.130.880.360.650.720.880.760.720.320.26
0.710.750.640.480.440.360.710.560.290.70.271.0-0.120.140.74-0.160.23-0.270.730.670.680.27-0.020.320.22
1.00.980.90.880.770.720.990.720.710.70.610.70.26-0.030.99-0.070.530.060.990.950.80.660.250.230.1
0.620.560.530.740.530.640.570.360.60.270.610.270.39-0.160.580.630.510.120.60.740.590.550.620.110.05
0.710.750.640.480.440.360.710.560.291.00.70.27-0.120.140.74-0.160.23-0.270.730.670.680.27-0.020.320.22
0.30.120.030.580.70.780.140.570.81-0.120.260.39-0.12-0.010.140.160.760.610.180.320.610.570.760.410.38
-0.01-0.090.14-0.080.310.01-0.110.49-0.040.14-0.03-0.160.14-0.01-0.09-0.050.090.46-0.090.050.13-0.11-0.340.810.88
0.981.00.90.820.670.621.00.630.610.740.990.580.740.14-0.09-0.10.42-0.061.00.920.740.580.180.140.01
-0.06-0.12-0.020.170.030.13-0.11-0.080.13-0.16-0.070.63-0.160.16-0.05-0.10.270.05-0.070.150.060.130.360.040.07
0.560.410.310.810.810.830.420.710.880.230.530.510.230.760.090.420.270.360.470.580.80.820.610.410.38
0.08-0.080.190.150.530.29-0.060.490.36-0.270.060.12-0.270.610.46-0.060.050.36-0.040.120.210.110.140.620.6
0.991.00.890.850.70.661.00.650.650.730.990.60.730.18-0.091.0-0.070.47-0.040.940.770.620.230.150.02
0.960.910.850.90.810.780.910.750.720.670.950.740.670.320.050.920.150.580.120.940.830.690.350.330.22
0.840.730.590.880.90.90.720.870.880.680.80.590.680.610.130.740.060.80.210.770.830.70.540.50.42
0.670.580.380.890.710.840.60.570.760.270.660.550.270.57-0.110.580.130.820.110.620.690.70.520.170.11
0.290.17-0.050.570.450.70.180.280.72-0.020.250.62-0.020.76-0.340.180.360.610.140.230.350.540.520.050.03
0.260.130.260.250.630.390.110.770.320.320.230.110.320.410.810.140.040.410.620.150.330.50.170.050.98
0.140.00.140.160.560.33-0.020.70.260.220.10.050.220.380.880.010.070.380.60.020.220.420.110.030.98
Click cells to compare fundamentals

Forward Air Account Relationship Matchups

Forward Air fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets990.9M1.0B1.1B1.2B3.0B3.2B
Short Long Term Debt Total225.8M243.2M320.1M277.8M1.9B2.0B
Other Current Liab5.3M32.8M4.6M7.2M103.5M108.7M
Total Current Liabilities137.2M172.1M164.7M169.4M237.1M248.9M
Total Stockholder Equity577.2M547.3M593.7M707.2M764.3M802.5M
Property Plant And Equipment Net364.7M313.2M367.3M390.9M369.6M388.1M
Net Debt161.1M203.0M282.8M232.0M1.8B1.9B
Retained Earnings350.0M304.1M334.9M436.1M480.3M504.3M
Accounts Payable30.0M38.4M44.8M54.6M45.4M47.7M
Cash64.7M40.3M37.3M45.8M161.6M169.7M
Non Current Assets Total754.6M798.2M835.0M903.8M2.7B2.8B
Non Currrent Assets Other41.0M95.0M46.3M738K58.9M61.8M
Cash And Short Term Investments64.7M40.3M37.3M45.8M161.6M169.7M
Net Receivables150.2M156.5M216.2M221.0M158.7M85.2M
Common Stock Shares Outstanding28.3M27.7M27.3M26.9M26.0M30.8M
Liabilities And Stockholders Equity990.9M1.0B1.1B1.2B3.0B3.2B
Non Current Liabilities Total276.5M328.4M359.5M331.4M2.0B2.1B
Inventory2.2M2.1M21.0M1.01.151.09
Other Current Assets21.4M31.8M29.3M37.5M26.8M28.1M
Other Stockholder Equity226.9M242.9M258.5M270.9M283.7M164.1M
Total Liab413.7M500.4M524.2M500.8M2.3B2.4B
Property Plant And Equipment Gross364.7M380.5M219.1M249.1M619.8M650.8M
Total Current Assets236.3M249.5M282.8M304.3M347.0M364.4M
Short Term Debt52.0M45.5M53.6M56.6M57.0M59.8M
Common Stock Total Equity279K273K270K265K304.8K279.6K
Common Stock279K273K270K265K257K279.8K
Intangible Assets127.8M145.0M154.7M154.8M134.8M68.5M
Other Assets41.0M31.0M1K51.8M59.6M62.6M
Long Term Debt67.3M112.4M165.0M106.6M1.8B1.9B
Property Plant Equipment213.0M189.9M367.3M249.1M286.4M152.6M
Good Will221.1M245.0M266.8M306.2M278.7M292.6M
Other Liab102.8M130.7M93.0M110.1M126.7M133.0M
Net Tangible Assets329.8M272.2M172.2M822.0M945.2M992.5M
Retained Earnings Total Equity350.0M304.1M334.9M436.1M501.5M355.2M
Long Term Debt Total72.2M117.4M155.5M106.6M122.6M128.7M
Capital Surpluse226.9M242.9M258.5M270.9M311.5M178.9M
Capital Lease Obligations4.9M5.0M148.9M161.8M142.7M149.8M
Deferred Long Term Liab43.9M42.0M43.4M51.1M58.8M34.7M

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When determining whether Forward Air is a strong investment it is important to analyze Forward Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Forward Air's future performance. For an informed investment choice regarding Forward Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forward Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Forward Stock refer to our How to Trade Forward Stock guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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Is Forward Air's industry 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
Dividend Share
0.72
Earnings Share
(2.45)
Revenue Per Share
60.079
Quarterly Revenue Growth
0.515
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.
Please note, there is a significant difference between Forward Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forward Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forward Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.