Forward Other Non Cash Items vs Begin Period Cash Flow Analysis

FWRD Stock  USD 36.03  0.59  1.66%   
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 Other Non Cash Items and its Begin Period Cash Flow 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 closely tied 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.

Other Non Cash Items vs Begin Period Cash Flow

Other Non Cash Items vs Begin Period Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Forward Air Other Non Cash Items account and Begin Period Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Forward Air's Other Non Cash Items and Begin Period Cash Flow is -0.21. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Begin Period Cash Flow 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 Other Non Cash Items and Begin Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Forward Air are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Other Non Cash Items i.e., Forward Air's Other Non Cash Items and Begin Period Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.21
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Non Cash Items

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
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 closely tied 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.The current year's Enterprise Value is expected to grow to about 1.7 B, whereas Selling General Administrative is forecasted to decline to about 47.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit365.3M546.8M330.2M203.2M
Total Revenue1.7B2.0B1.4B1.4B

Forward Air fundamental ratios Correlations

0.970.730.90.80.750.970.750.760.561.00.940.560.32-0.010.98-0.050.830.080.990.960.840.780.290.260.14
0.970.630.810.650.611.00.620.620.60.980.990.60.13-0.091.0-0.120.74-0.081.00.910.730.720.170.130.0
0.730.630.730.790.640.640.720.780.210.720.590.210.460.060.640.110.80.430.660.670.70.540.260.290.21
0.90.810.730.850.920.820.730.910.360.890.730.360.58-0.080.830.170.940.150.860.90.880.940.570.250.16
0.80.650.790.850.90.650.950.90.360.780.590.360.70.310.670.030.820.530.70.810.90.70.450.630.56
0.750.610.640.920.90.620.780.940.290.720.50.290.770.010.630.130.870.290.670.780.90.830.70.390.33
0.971.00.640.820.650.620.610.630.550.980.990.550.14-0.111.0-0.110.74-0.061.00.910.720.720.170.11-0.02
0.750.620.720.730.950.780.610.770.50.730.580.50.570.490.63-0.080.720.490.650.750.870.550.280.770.7
0.760.620.780.910.90.940.630.770.220.740.520.220.79-0.030.640.140.920.370.680.740.890.790.720.340.27
0.560.60.210.360.360.290.550.50.220.540.611.0-0.140.190.59-0.140.38-0.290.580.540.630.29-0.030.350.27
1.00.980.720.890.780.720.980.730.740.540.960.540.28-0.020.99-0.060.80.070.990.960.810.770.260.230.11
0.940.990.590.730.590.50.990.580.520.610.960.610.02-0.050.99-0.140.64-0.090.980.880.660.630.050.13-0.01
0.560.60.210.360.360.290.550.50.221.00.540.61-0.140.190.59-0.140.38-0.290.580.540.630.29-0.030.350.27
0.320.130.460.580.70.770.140.570.79-0.140.280.02-0.140.020.150.190.590.640.20.340.60.530.760.450.41
-0.01-0.090.06-0.080.310.01-0.110.49-0.030.19-0.02-0.050.190.02-0.09-0.05-0.120.46-0.090.050.13-0.16-0.340.810.88
0.981.00.640.830.670.631.00.630.640.590.990.990.590.15-0.09-0.10.75-0.061.00.920.750.720.190.140.01
-0.05-0.120.110.170.030.13-0.11-0.080.14-0.14-0.06-0.14-0.140.19-0.05-0.10.130.05-0.070.150.060.260.360.040.07
0.830.740.80.940.820.870.740.720.920.380.80.640.380.59-0.120.750.130.120.780.770.890.870.560.230.15
0.08-0.080.430.150.530.29-0.060.490.37-0.290.07-0.09-0.290.640.46-0.060.050.12-0.040.120.210.030.140.620.6
0.991.00.660.860.70.671.00.650.680.580.990.980.580.2-0.091.0-0.070.78-0.040.940.770.760.230.150.02
0.960.910.670.90.810.780.910.750.740.540.960.880.540.340.050.920.150.770.120.940.830.790.350.330.22
0.840.730.70.880.90.90.720.870.890.630.810.660.630.60.130.750.060.890.210.770.830.770.540.50.42
0.780.720.540.940.70.830.720.550.790.290.770.630.290.53-0.160.720.260.870.030.760.790.770.550.150.07
0.290.170.260.570.450.70.170.280.72-0.030.260.05-0.030.76-0.340.190.360.560.140.230.350.540.550.050.03
0.260.130.290.250.630.390.110.770.340.350.230.130.350.450.810.140.040.230.620.150.330.50.150.050.98
0.140.00.210.160.560.33-0.020.70.270.270.11-0.010.270.410.880.010.070.150.60.020.220.420.070.030.98
Click cells to compare fundamentals

Forward Air Account Relationship Matchups

Forward Air fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets990.9M1.0B1.1B1.2B3.0B3.1B
Short Long Term Debt Total225.8M243.2M320.1M277.8M1.9B2.0B
Other Current Liab5.3M42.3M18.7M67.7M59.1M62.1M
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 Payable30.0M38.4M44.8M50.1M45.4M47.7M
Cash64.7M40.3M37.3M45.8M122.0M128.1M
Non Current Assets Total754.6M798.2M835.0M903.8M2.6B2.8B
Non Currrent Assets Other41.0M95.0M46.3M738K1.8B1.9B
Cash And Short Term Investments64.7M40.3M37.3M45.8M122.0M128.1M
Net Receivables150.2M156.5M216.2M188.2M158.7M84.0M
Common Stock Shares Outstanding28.3M27.7M27.3M26.9M26.0M30.8M
Liabilities And Stockholders Equity990.9M1.0B1.1B1.2B3.0B3.1B
Non Current Liabilities Total276.5M328.4M359.5M331.4M2.0B2.1B
Inventory2.2M2.1M21.0M1.01.151.09
Other Current Assets21.4M49.2M51.6M70.3M66.4M69.7M
Other Stockholder Equity226.9M242.9M258.5M270.9M283.7M164.1M
Total Liab413.7M500.4M524.2M500.8M2.2B2.3B
Property Plant And Equipment Gross364.7M380.5M219.1M249.1M619.8M650.8M
Total Current Assets236.3M249.5M282.8M304.3M347.0M364.4M
Short Term Debt52.0M91.0M101.2M51.6M101.3M106.4M
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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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 closely tied 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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.
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.