$Forward Air (FWRD.US)$Revenue has grown rapidly in the past...
$Forward Air (FWRD.US)$Revenue has grown rapidly in the past two years, with growth of 31% and 18.7% respectively in 2021 and 2022. Operating profit has increased 1.15 times and 0.67 times respectively in the past two years, while net profit has increased 3.5 times and 0.83 times.
In the first two quarters of 2023, revenue shrank by 15.6%, operating profit by 39.3%, and net profit by 42.6%.
Currently, the price-earnings ratio is 10, and the price-earnings ratio TTM has been raised to 12.6. If annual net profit shrinks by 40%, the price-earnings ratio will rise to 16.7. If calculated on a 5-year average net profit of 100 million, the price-earnings ratio is 18.3. Looking at cyclical stocks, the valuation is quite normal, with no discounts.
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