FORTREA HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 26.38 USD | +0.27% |
|
-8.31% | -24.41% |
| May. 21 | The latest transactions by star managers |  |
| May. 16 | Fortrea Appoints Machelle Sanders to Board of Directors | CI |
Valuation
| Fiscal Period: December | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 3,099 | 2,358 | - | - |
| Enterprise Value (EV) 1 | 4,583 | 3,934 | 3,764 | 3,567 |
| P/E ratio | -873 x | -28.7 x | 36.5 x | 18.8 x |
| Yield | - | - | - | - |
| Capitalization / Revenue | 1 x | 0.82 x | 0.78 x | 0.74 x |
| EV / Revenue | 1.47 x | 1.36 x | 1.25 x | 1.13 x |
| EV / EBITDA | 17.1 x | 15.6 x | 10.1 x | 8.73 x |
| EV / FCF | 36.1 x | -296 x | 23 x | 16.9 x |
| FCF Yield | 2.77% | -0.34% | 4.34% | 5.9% |
| Price to Book | 1.78 x | 1.49 x | 1.25 x | 1.13 x |
| Nbr of stocks (in thousands) | 88,800 | 89,374 | - | - |
| Reference price 2 | 34.90 | 26.38 | 26.38 | 26.38 |
| 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 | 2,890 | 3,024 | 3,169 |
| EBITDA 1 | - | 267.3 | 252.8 | 372.3 | 408.4 |
| EBIT 1 | - | 170.9 | 212.1 | 328.9 | 357.7 |
| Operating Margin | - | 5.5% | 7.34% | 10.88% | 11.29% |
| Earnings before Tax (EBT) 1 | 237 | 1.1 | -131 | 37.85 | 113.9 |
| Net income 1 | 192.9 | -3.4 | -57 | 59 | 114 |
| Net margin | - | -0.11% | -1.97% | 1.95% | 3.6% |
| EPS 2 | - | -0.0400 | -0.9200 | 0.7233 | 1.400 |
| Free Cash Flow 1 | - | 127.1 | -13.31 | 163.5 | 210.4 |
| FCF margin | - | 4.09% | -0.46% | 5.41% | 6.64% |
| FCF Conversion (EBITDA) | - | 47.55% | - | 43.93% | 51.53% |
| FCF Conversion (Net income) | - | - | - | 277.19% | 184.59% |
| 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 | 662.1 | 718.6 | 741.2 | 760.8 | 753 |
| EBITDA 1 | 72.5 | 70.5 | 67.2 | 29.5 | 51.92 | 76.17 | 93.76 | 71.35 |
| EBIT 1 | 63 | 45.9 | 43.3 | 7.6 | 35.61 | 55.31 | 74.84 | 54.1 |
| Operating Margin | 7.94% | 5.91% | 5.58% | 1.15% | 4.95% | 7.46% | 9.84% | 7.18% |
| Earnings before Tax (EBT) 1 | - | - | -41 | -77.5 | -32.97 | 1.875 | 20.56 | 5.017 |
| Net income 1 | 28.3 | -13.1 | -36 | -102.8 | - | - | - | - |
| Net margin | 3.57% | -1.69% | -4.64% | -15.53% | - | - | - | - |
| EPS 2 | 0.3200 | -0.1500 | -0.4100 | -1.150 | -0.2300 | 0.0300 | 0.1650 | 0.0400 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 8/14/23 | 11/13/23 | 3/11/24 | 5/13/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | - | 1,483 | 1,576 | 1,407 | 1,209 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 5.55 x | 6.235 x | 3.778 x | 2.96 x |
| Free Cash Flow 1 | - | 127 | -13.3 | 164 | 210 |
| ROE (net income / shareholders' equity) | - | 4.9% | 3.94% | 8.7% | 8.66% |
| ROA (Net income/ Total Assets) | - | 2.88% | 0.15% | 3.11% | 4.16% |
| Assets 1 | - | -118 | -38,000 | 1,897 | 2,740 |
| Book Value Per Share 2 | - | 19.60 | 17.70 | 21.10 | 23.40 |
| Cash Flow per Share 2 | - | 1.970 | 0.8200 | 2.400 | 2.710 |
| Capex 1 | - | 40.3 | 67.5 | 49.3 | 62.7 |
| Capex / Sales | - | 1.3% | 2.34% | 1.63% | 1.98% |
| 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
26.38
USD
Average target price
34.86
USD
Spread / Average Target
+32.13%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -24.41% | 2.36B | |
| +64.23% | 62.59B | |
| -2.31% | 41.18B | |
| +43.79% | 40.29B | |
| -8.29% | 27.9B | |
| +11.97% | 26.21B | |
| -21.16% | 19.09B | |
| +7.54% | 13.08B | |
| +27.17% | 12.05B | |
| +25.72% | 12.26B |
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