Forward Air Corporation (FWRD) vs PS International Group Ltd. (PSIG)

Forward Air Corporation and PS International Group Ltd. are both Integrated Freight & Logistics companies. Forward Air Corporation is the larger, with a market value of $571.9M against $78.1M — 7.3× the size. PS International Group Ltd. has the higher net margin (0.00% vs −11.4%) and the higher return on invested capital (0.00% vs −7.28%). Across the 11 metrics below, PS International Group Ltd. leads on 6 and Forward Air Corporation on 5.

Valuation

Metric FWRD PSIG Integrated Freight & Logistics median
P/E n/m n/m 22.50
P/S 0.22 n/m 0.46
P/B n/m 2.76 1.75
Price to free cash flow 10.72 n/m 18.31
EV/EBITDA 9.28 n/m 9.01
EV/Sales 0.85 n/m 0.88
Earnings yield (52.38%) (1.58%) (1.15%)
Free cash flow yield 9.33% (4.44%) 0.00%

Profitability

Metric FWRD PSIG Integrated Freight & Logistics median
Gross margin 49.27% — 25.10%
Operating margin (6.70%) — 0.92%
Net margin (11.37%) 0.00% (0.14%)
Free cash flow margin 2.04% 0.00% 0.00%
Return on equity (611.69%) 0.22% 0.00%
Return on assets (11.07%) 0.00% 0.00%
Return on invested capital (7.28%) 0.00% 0.00%

Growth

Metric FWRD PSIG Integrated Freight & Logistics median
Revenue growth (TTM) (0.11%) — 9.95%
EPS growth (last fiscal year) 88.17% 0.00% 5.86%
Revenue growth, 5-year CAGR 14.47% — 2.84%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric FWRD PSIG Integrated Freight & Logistics median
Debt to equity (13.94) 0.14 0.12
Current ratio 1.32 0.05 1.58
Net debt to EBITDA 8.48 0.05 0.67

Dividend

Metric FWRD PSIG Integrated Freight & Logistics median
Dividend yield — — 1.96%
Payout ratio — — 0.29

Size

Metric FWRD PSIG Integrated Freight & Logistics median
Market cap 571.91m 78.13m 81.31m

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