Fortrea Statistics
Share Statistics
Fortrea has 89.70M shares outstanding. The number of shares has increased by 0.9% in one year.
| Shares Outstanding | 89.70M |
| Shares Change (YoY) | n/a |
| Shares Change (QoQ) | 0.25% |
| Owned by Institutions (%) | n/a |
| Shares Floating | 89.28M |
| Failed to Deliver (FTD) Shares | 3.33K |
| FTD / Avg. Volume | 0.21% |
Short Selling Information
The latest short interest is 7.22M, so 8.05% of the outstanding shares have been sold short.
| Short Interest | 7.22M |
| Short % of Shares Out | 8.05% |
| Short % of Float | 8.09% |
| Short Ratio (days to cover) | 6.32 |
Valuation Ratios
The PE ratio is -911.51 and the forward PE ratio is 16.76.
| PE Ratio | -911.51 |
| Forward PE | 16.76 |
| PS Ratio | 1 |
| Forward PS | 0.7 |
| PB Ratio | 1.78 |
| P/FCF Ratio | 24.38 |
| PEG Ratio | n/a |
Enterprise Valuation
Fortrea Inc. has an Enterprise Value (EV) of 4.73B.
| EV / Earnings | -1389.98 |
| EV / Sales | 1.52 |
| EV / EBITDA | 28.32 |
| EV / EBIT | 74.9 |
| EV / FCF | 37.18 |
Financial Position
The company has a current ratio of 1.62, with a Debt / Equity ratio of 0.93.
| Current Ratio | 1.62 |
| Quick Ratio | 1.62 |
| Debt / Equity | 0.93 |
| Total Debt / Capitalization | 48.1 |
| Cash Flow / Debt | 0.1 |
| Interest Coverage | 0.9 |
Financial Efficiency
Return on equity (ROE) is 0% and return on capital (ROIC) is -5.71%.
| Return on Equity (ROE) | 0% |
| Return on Assets (ROA) | 0% |
| Return on Capital (ROIC) | -5.71% |
| Revenue Per Employee | 200.58K |
| Profits Per Employee | -219.35 |
| Employee Count | 15.50K |
| Asset Turnover | 0.71 |
| Inventory Turnover | 0 |
Taxes
| Income Tax | 4.50M |
| Effective Tax Rate | 4.09 |
Stock Price Statistics
The stock price has increased by -39.03% in the last 52 weeks. The beta is 0, so Fortrea 's price volatility has been lower than the market average.
| Beta | 0 |
| 52-Week Price Change | -39.03% |
| 50-Day Moving Average | 19.58 |
| 200-Day Moving Average | 26.42 |
| Relative Strength Index (RSI) | 48.25 |
| Average Volume (20 Days) | 1.56M |
Income Statement
In the last 12 months, Fortrea had revenue of $3.11B and earned -$3.40M in profits. Earnings per share was $-0.04.
| Revenue | 3.11B |
| Gross Profit | 424.00M |
| Operating Income | 63.10M |
| Net Income | -3.40M |
| EBITDA | 166.90M |
| EBIT | 63.10M |
| Earnings Per Share (EPS) | -0.04 |
Balance Sheet
The company has $108.60M in cash and $1.68B in debt, giving a net cash position of -$1.57B.
| Cash & Cash Equivalents | 108.60M |
| Total Debt | 1.68B |
| Net Cash | -1.57B |
| Retained Earnings | -49.10M |
| Total Assets | 3.66B |
| Working Capital | 141.10M |
Cash Flow
In the last 12 months, operating cash flow was $167.40M and capital expenditures -$40.30M, giving a free cash flow of $127.10M.
| Operating Cash Flow | 167.40M |
| Capital Expenditures | -40.30M |
| Free Cash Flow | 127.10M |
| FCF Per Share | 1.43 |
Margins
Gross margin is 13.64%, with operating and profit margins of 2.03% and -0.11%.
| Gross Margin | 13.64% |
| Operating Margin | 2.03% |
| Pretax Margin | 0.04% |
| Profit Margin | -0.11% |
| EBITDA Margin | 5.37% |
| EBIT Margin | 2.03% |
| FCF Margin | 4.09% |
Dividends & Yields
FTRE does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | -0.2% |
| FCF Yield | 7.16% |
Analyst Forecast
The average price target for FTRE is $23, which is 16.3% higher than the current price. The consensus rating is "Hold".
| Price Target | $23 |
| Price Target Difference | 16.3% |
| Analyst Consensus | Hold |
| Analyst Count | 11 |
Scores
| Altman Z-Score | 1.09 |
| Piotroski F-Score | 4 |