Forward Air Corporation (NASDAQ:FWRD) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of FWRD, it is a well-regarded dividend payer that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in digging a bit deeper into my commentary, take a look at the report on Forward Air here.
Adequate balance sheet average dividend payer
FWRD's strong financial health means that all of its upcoming liability payments are able to be met by its current cash and short-term investment holdings. This indicates that FWRD has sufficient cash flows and proper cash management in place, which is a key determinant of the company’s health. FWRD seems to have put its debt to good use, generating operating cash levels of 2.74x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
FWRD is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.
For Forward Air, there are three pertinent aspects you should further research:
- Future Outlook: What are well-informed industry analysts predicting for FWRD’s future growth? Take a look at our free research report of analyst consensus for FWRD’s outlook.
- Historical Performance: What has FWRD's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of FWRD? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.