Added to YB: 2025-11-10
Pitch date: 2025-11-03
FWRD [bullish]
Forward Air Corporation
+43.09%
current return
Author Info
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Company Info
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.
Market Cap
$708.1M
Pitch Price
$17.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.47
P/E
-4.82
EV/Sales
1.11
Sector
Air Freight and Logistics
Category
value
Catching Knives w/ FWRD
FWRD: Asset-lite LTL transport w/ ill-fated Omni 3PL acquisition at 18x EBITDA peak. Strategic review underway, 5-6 PE bidders including 12.6% holder Clearlake, but bid-ask spread wide per Axios. Trading 7.7x NTM EBITDA at $18.25, cheaper on normalized earnings despite debt risk.
Read full article (2 min)