A Business at a Glance
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| Metric | TTM | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | 29.6B | 29.6B | 25.9B | 18.4B | 16.6B |
| Net Income | 241M | 241M | -402M | 0 | -369M |
| EPS | $1.22 | $1.22 | $-2.32 | $-0.67 | $-3.16 |
| Free Cash Flow | 1.6B | 1.6B | 1.4B | 0 | 740M |
| ROIC | 216.0% | 8.7% | 1.4% | 5.6% | 0.1% |
| Gross Margin | 13.4% | 13.4% | 12.7% | 12.1% | 10.2% |
| Debt/Equity | 0.00 | 1.93 | 2.00 | 1.66 | 1.13 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | 1.1B | 1.1B | 181M | 465M | 4.0M |
| Operating Margin | 3.8% | - | - | - | - |
| ROE | 4.9% | 4.9% | -8.4% | - | -8.6% |
| Shares Outstanding | 197M | 197M | 174M | 0M | 117M |
| Metric | 2020 | 2021 | 2022 | 2023 | TTM |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 16.6B | 18.4B | 25.9B | 29.6B | 29.6B |
| Gross Margin | 10.2% | 12.1% | 12.7% | 13.4% | 13.4% |
| R&D | -392M | -390M | -943M | -1.0B | -1.0B |
| SG&A | -819M | -815M | -1.2B | -1.4B | -1.4B |
| EBIT | 4.0M | 465M | 181M | 1.1B | 1.1B |
| Op. Margin | N/A | N/A | N/A | N/A | 3.8% |
| Net Income | -369M | 0 | -402M | 241M | 241M |
| Net Margin | -2.2% | N/A | -1.6% | 0.8% | 0.8% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | 0.1% | 5.6% | 1.4% | 8.7% | N/M |
| ROE | -8.6% | N/A | -8.4% | 4.9% | 4.9% |
| ROA | -1.7% | N/A | -1.2% | 0.7% | 0.7% |
| Cash Flow | |||||
| Op. Cash Flow | 1.3B | 0 | 2.6B | 2.8B | 2.8B |
| Free Cash Flow | 740M | 0 | 1.4B | 1.6B | 1.6B |
| Owner Earnings | 2.7B | 0 | 4.5B | 4.9B | 4.9B |
| CapEx | 530M | 0 | 1.2B | 1.2B | 1.2B |
| Maint. CapEx | -1.4B | 0 | -1.9B | -2.1B | -2.1B |
| Growth CapEx | 2.0B | N/A | 3.1B | 3.3B | 3.3B |
| D&A | -1.4B | 0 | -1.9B | -2.1B | -2.1B |
| CapEx/OCF | 41.7% | N/A | 45.4% | 42.9% | 42.9% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 240M | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 1.0M | 18M | 1.2M | 1.4M | 1.4M |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 2.0B | 0 | 2.7B | 1.3B | 1.3B |
| Balance Sheet | |||||
| Net Debt | 1.3B | 1.7B | 5.2B | 4.8B | -4.6B |
| Cash & Equiv. | 3.6B | 5.8B | 4.4B | 4.6B | 4.6B |
| Long-Term Debt | 4.8B | 7.5B | 9.6B | 9.4B | 9.4B |
| Debt/Equity | 1.13 | 1.66 | 2.00 | 1.93 | 0.00 |
| Interest Coverage | 0.0 | 1.6 | 0.5 | 1.8 | 1.8 |
| Equity | 4.3B | 4.5B | 4.8B | 4.9B | 4.9B |
| Total Assets | 21.5B | 25.6B | 33.9B | 33.1B | 33.1B |
| Total Liabilities | 17.2B | 21.1B | 29.1B | 28.2B | 28.2B |
| Intangibles | 2.5B | 2.6B | 10.4B | 10.3B | 10.3B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 |
| Working Capital | -148M | 2.0B | -189M | -271M | -271M |
| Current Assets | 10.6B | 14.0B | 15.4B | 14.7B | 14.7B |
| Current Liabilities | 10.7B | 12.0B | 15.6B | 14.9B | 14.9B |
| Per Share Data | |||||
| EPS | -3.16 | -0.67 | -2.32 | 1.22 | 1.22 |
| Owner EPS | 23.15 | N/A | 26.16 | 24.86 | 24.86 |
| Book Value | 36.70 | 0.00 | 27.59 | 24.90 | 24.90 |
| Cash Flow/Share | -15.44 | 0.00 | -13.52 | -9.20 | -9.20 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 116.9M | 0.0M | 173.5M | 196.6M | 196.6M |
| Valuation | |||||
| P/E Ratio | -15.0 | -59.7 | -6.3 | 18.6 | 8.4 |
| P/FCF | 7.5 | N/A | 1.8 | 2.7 | 1.2 |
| EV/EBIT | N/A | 3.6 | 42.4 | 8.2 | -2.3 |
| Price/Book | 1.3 | N/A | 0.5 | 0.9 | 0.4 |
| Price/Sales | 0.3 | N/A | 0.1 | 0.2 | 0.1 |
| FCF Yield | 13.4% | N/A | 56.2% | 36.5% | 80.8% |
| Market Cap | 5.5B | 0 | 2.5B | 4.4B | 2.0B |
| Avg. Price | 38.29 | 45.69 | 22.35 | 21.18 | 10.19 |
| Year-End Price | 47.25 | 40.18 | 14.53 | 22.58 | 10.19 |
FORVIA passes 3 of 9 quality checks, indicating weak fundamentals.
FORVIA trades at 8.4x trailing earnings, compared to its 15-year median P/E of 18.6x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 1.2x vs a median of 2.7x. The company's 5-year average ROIC is 4.0% with a gross margin of 12.1%. At current prices, the estimated annualized return to fair value is +5.3%.
FORVIA (FRVIA-PA) has a current P/E ratio of 8.4, compared to its historical median P/E of 18.6. The stock is currently considered Cheap based on its historical valuation range.
FORVIA (FRVIA-PA) has a 5-year average return on invested capital (ROIC) of 4.0%. This is below average and may indicate limited pricing power.
FORVIA (FRVIA-PA) has a market capitalization of $2.0B. It is classified as a mid-cap stock.
FORVIA (FRVIA-PA) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.07%.
Based on historical P/E analysis, FORVIA (FRVIA-PA) appears cheap. The current P/E of 8.4 is 55% below its historical median of 18.6. The estimated fair value CAGR (P/E method) is 18.0%.
FORVIA (FRVIA-PA) reported annual revenue of $29.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
FORVIA (FRVIA-PA) has a net profit margin of 0.8%. This is a modest margin.
FORVIA (FRVIA-PA) generated $1.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FORVIA (FRVIA-PA) has a debt-to-equity ratio of 1.93. This indicates higher leverage, which may increase financial risk.
FORVIA (FRVIA-PA) reported earnings per share (EPS) of $1.22 in its most recent fiscal year.
FORVIA (FRVIA-PA) has a return on equity (ROE) of 4.9%. This indicates moderate shareholder returns.
FORVIA (FRVIA-PA) has a 5-year average gross margin of 12.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for FORVIA (FRVIA-PA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FORVIA (FRVIA-PA) has a book value per share of $24.90, based on its most recent annual SEC filing.