Fortrea Inc. (FTRE)
Fortrea Statistics
Share Statistics
Fortrea has 90.2M shares outstanding. The number of shares has increased by 0.34% in one year.
| Shares Outstanding | 90.2M |
| Shares Change (YoY) | 0.34% |
| Shares Change (QoQ) | 0.11% |
| Owned by Institutions (%) | 99.99% |
| Shares Floating | 89.89M |
| Failed to Deliver (FTD) Shares | 3 |
| FTD / Avg. Volume | < 0.01% |
Short Selling Information
The latest short interest is 5.92M, so 6.6% of the outstanding shares have been sold short.
| Short Interest | 5.92M |
| Short % of Shares Out | 6.6% |
| Short % of Float | 6.63% |
| Short Ratio (days to cover) | 5.99 |
Valuation Ratios
The PE ratio is -5.08 and the forward PE ratio is 13.26. Fortrea's PEG ratio is 0.
| PE Ratio | -5.08 |
| Forward PE | 13.26 |
| PS Ratio | 0.62 |
| Forward PS | 0.3 |
| PB Ratio | 1.22 |
| P/FCF Ratio | 7.03 |
| PEG Ratio | 0 |
Enterprise Valuation
Fortrea Inc. has an Enterprise Value (EV) of 4.73B.
| EV / Earnings | -14.39 |
| EV / Sales | 1.75 |
| EV / EBITDA | -73.5 |
| EV / EBIT | -29.19 |
| EV / FCF | 19.92 |
Financial Position
The company has a current ratio of 1, with a Debt / Equity ratio of 0.11.
| Current Ratio | 1 |
| Quick Ratio | 1 |
| Debt / Equity | 0.11 |
| Total Debt / Capitalization | 9.85 |
| Cash Flow / Debt | 1.77 |
| Interest Coverage | -1.31 |
Financial Efficiency
Return on equity (ROE) is -0.24% and return on capital (ROIC) is -10.58%.
| Return on Equity (ROE) | -0.24% |
| Return on Assets (ROA) | -0.09% |
| Return on Capital (ROIC) | -10.58% |
| Revenue Per Employee | $173,961.29 |
| Profits Per Employee | $-21,193.55 |
| Employee Count | 15,500 |
| Asset Turnover | 0.75 |
| Inventory Turnover | n/a |
Taxes
| Income Tax | -3.5M |
| Effective Tax Rate | 0.01 |
Stock Price Statistics
The stock price has increased by -77.42% in the last 52 weeks. The beta is 1.32, so Fortrea's price volatility has been higher than the market average.
| Beta | 1.32 |
| 52-Week Price Change | -77.42% |
| 50-Day Moving Average | 14.4 |
| 200-Day Moving Average | 19.94 |
| Relative Strength Index (RSI) | 20.17 |
| Average Volume (20 Days) | 1.53M |
Income Statement
In the last 12 months, Fortrea had revenue of 2.7B and earned -328.5M in profits. Earnings per share was -3.67.
| Revenue | 2.7B |
| Gross Profit | 534.2M |
| Operating Income | -161.9M |
| Net Income | -328.5M |
| EBITDA | -64.3M |
| EBIT | -161.9M |
| Earnings Per Share (EPS) | -3.67 |
Balance Sheet
The company has 118.5M in cash and 148.8M in debt, giving a net cash position of -30.3M.
| Cash & Cash Equivalents | 118.5M |
| Total Debt | 148.8M |
| Net Cash | -30.3M |
| Retained Earnings | -397M |
| Total Assets | 3.58B |
| Working Capital | -1.3M |
Cash Flow
In the last 12 months, operating cash flow was 262.8M and capital expenditures -25.5M, giving a free cash flow of 237.3M.
| Operating Cash Flow | 262.8M |
| Capital Expenditures | -25.5M |
| Free Cash Flow | 237.3M |
| FCF Per Share | 2.65 |
Margins
Gross margin is 19.81%, with operating and profit margins of -6% and -12.18%.
| Gross Margin | 19.81% |
| Operating Margin | -6% |
| Pretax Margin | -10.2% |
| Profit Margin | -12.18% |
| EBITDA Margin | -2.38% |
| EBIT Margin | -6% |
| FCF Margin | 8.8% |
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 | -41.75% |
| FCF Yield | 29.95% |
Analyst Forecast
The average price target for FTRE is $22, which is 150.3% higher than the current price. The consensus rating is "Hold".
| Price Target | $22 |
| Price Target Difference | 150.3% |
| Analyst Consensus | Hold |
| Analyst Count | 11 |
Scores
| Altman Z-Score | 0.68 |
| Piotroski F-Score | 5 |