FORTREA HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 33.03 USD | -7.76% |
|
-11.71% | -5.36% |
| Apr. 01 | Fortrea Holdings Inc. Announces the Resignation of Betty Larson as from the Board, and All Board Committees | CI |
| Mar. 22 | Baird Starts Fortrea Holdings With Neutral Rating, $43 Price Target | MT |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 3,099 | 2,952 | - | - |
| Enterprise Value (EV) 1 | 4,583 | 3,976 | 3,803 | 3,619 |
| P/E ratio | -873 x | -315 x | 34 x | 23.3 x |
| Yield | - | - | - | - |
| Capitalization / Revenue | 1 x | 0.96 x | 0.93 x | 0.9 x |
| EV / Revenue | 1.47 x | 1.29 x | 1.2 x | 1.11 x |
| EV / EBITDA | 17.1 x | 14 x | 9.86 x | 8.78 x |
| EV / FCF | 36.1 x | 41 x | 28.3 x | 24.9 x |
| FCF Yield | 2.77% | 2.44% | 3.54% | 4.02% |
| Price to Book | 1.78 x | 1.51 x | 1.39 x | 1.28 x |
| Nbr of stocks (in thousands) | 88,800 | 89,374 | - | - |
| Reference price 2 | 34.90 | 33.03 | 33.03 | 33.03 |
| Announcement Date | 3/11/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales 1 | - | 3,109 | 3,080 | 3,164 | 3,271 |
| EBITDA 1 | - | 267.3 | 283 | 385.7 | 412 |
| EBIT 1 | - | 170.9 | 242.1 | 350 | 381.7 |
| Operating Margin | - | 5.5% | 7.86% | 11.06% | 11.67% |
| Earnings before Tax (EBT) 1 | 237 | 1.1 | -21.01 | 109.6 | 168.9 |
| Net income 1 | 192.9 | -3.4 | -15.77 | 83.11 | 127.2 |
| Net margin | - | -0.11% | -0.51% | 2.63% | 3.89% |
| EPS 2 | - | -0.0400 | -0.1050 | 0.9725 | 1.415 |
| Free Cash Flow 1 | - | 127.1 | 97 | 134.6 | 145.5 |
| FCF margin | - | 4.09% | 3.15% | 4.25% | 4.45% |
| FCF Conversion (EBITDA) | - | 47.55% | 34.27% | 34.89% | 35.32% |
| FCF Conversion (Net income) | - | - | - | 161.92% | 114.37% |
| Dividend per Share 2 | - | - | - | - | - |
| Announcement Date | 5/15/23 | 3/11/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 793 | 776.4 | 775.4 | 754.6 | 788.3 | 767.1 | 781.7 | 775.6 |
| EBITDA 1 | 72.5 | 70.5 | 67.2 | 39.68 | 59.68 | 86.41 | 98.97 | 84.18 |
| EBIT 1 | 63 | 45.9 | 43.3 | 34.66 | 45.89 | 71.31 | 86.26 | 75.82 |
| Operating Margin | 7.94% | 5.91% | 5.58% | 4.59% | 5.82% | 9.3% | 11.04% | 9.77% |
| Earnings before Tax (EBT) 1 | - | - | -41 | -37.83 | -20.22 | 7.962 | 20.25 | 22 |
| Net income 1 | 28.3 | -13.1 | -36 | -28.53 | -15.29 | 5.946 | 15.42 | 16.79 |
| Net margin | 3.57% | -1.69% | -4.64% | -3.78% | -1.94% | 0.78% | 1.97% | 2.17% |
| EPS 2 | 0.3200 | -0.1500 | -0.4100 | -0.3200 | -0.1700 | 0.0650 | 0.2067 | 0.1900 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 8/14/23 | 11/13/23 | 3/11/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | - | 1,483 | 1,024 | 851 | 667 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 5.55 x | 3.618 x | 2.207 x | 1.618 x |
| Free Cash Flow 1 | - | 127 | 97 | 135 | 146 |
| ROE (net income / shareholders' equity) | - | 4.9% | 4.85% | 8.53% | 9.42% |
| ROA (Net income/ Total Assets) | - | 2.88% | 2.05% | 3.97% | 4.84% |
| Assets 1 | - | -118 | -770.8 | 2,095 | 2,628 |
| Book Value Per Share 2 | - | 19.60 | 21.90 | 23.80 | 25.80 |
| Cash Flow per Share 2 | - | 1.970 | 1.310 | 2.160 | 2.470 |
| Capex 1 | - | 40.3 | 81.8 | 56.7 | 72 |
| Capex / Sales | - | 1.3% | 2.65% | 1.79% | 2.2% |
| Announcement Date | 5/15/23 | 3/11/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
33.03
USD
Average target price
39.79
USD
Spread / Average Target
+20.45%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.36% | 2.95B | |
| +17.96% | 44.96B | |
| +1.17% | 42.65B | |
| +48.77% | 41.85B | |
| -4.27% | 29.04B | |
| +11.42% | 26.08B | |
| -21.39% | 19.03B | |
| +4.86% | 12.75B | |
| +27.29% | 12.06B | |
| -3.50% | 11.75B |
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