F

Fortrea Holdings Inc
NASDAQ:FTRE

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Fortrea Holdings Inc
NASDAQ:FTRE
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Price: 20.48 USD -3.76%
Market Cap: 1.8B USD
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Intrinsic Value

The intrinsic value of one FTRE stock under the Base Case scenario is 34.17 USD. Compared to the current market price of 20.48 USD, Fortrea Holdings Inc is Undervalued by 40%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

FTRE Intrinsic Value
34.17 USD
Undervaluation 40%
Intrinsic Value
Price
F
Base Case Scenario

Valuation Backtest
Fortrea Holdings Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Financials
Annual
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Annual
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TTM

Revenue & Expenses Breakdown
Fortrea Holdings Inc

Balance Sheet Decomposition
Fortrea Holdings Inc

Current Assets 887.7m
Cash & Short-Term Investments 126.2m
Receivables 637.9m
Other Current Assets 123.6m
Non-Current Assets 2.7B
PP&E 173.1m
Intangibles 2.4B
Other Non-Current Assets 87m
Current Liabilities 749m
Accounts Payable 144.2m
Accrued Liabilities 356.8m
Other Current Liabilities 248m
Non-Current Liabilities 1.4B
Long-Term Debt 1.1B
Other Non-Current Liabilities 231.5m
Efficiency

Earnings Waterfall
Fortrea Holdings Inc

Revenue
2.9B USD
Cost of Revenue
-2.4B USD
Gross Profit
493.8m USD
Operating Expenses
-545.9m USD
Operating Income
-52.1m USD
Other Expenses
-236.4m USD
Net Income
-288.5m USD

Free Cash Flow Analysis
Fortrea Holdings Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

FTRE Profitability Score
Profitability Due Diligence

Fortrea Holdings Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Negative Revenue Growth Forecast
Negative Operating Income
39/100
Profitability
Score

Fortrea Holdings Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.

FTRE Solvency Score
Solvency Due Diligence

Fortrea Holdings Inc's solvency score is 32/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Short-Term Solvency
Low Altman Z-Score
32/100
Solvency
Score

Fortrea Holdings Inc's solvency score is 32/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FTRE Price Targets Summary
Fortrea Holdings Inc

Wall Street analysts forecast FTRE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FTRE is 22.75 USD with a low forecast of 17.17 USD and a high forecast of 31.5 USD.

Lowest
Price Target
17.17 USD
16% Downside
Average
Price Target
22.75 USD
11% Upside
Highest
Price Target
31.5 USD
54% Upside
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Dividends

Fortrea Holdings Inc
does not pay dividends
Shareholder Yield

Current shareholder yield for FTRE is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
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Debt Paydown Yield
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Profile

Fortrea Holdings Inc

Country

United States of America

Industry

Life Sciences Tools & Services

Market Cap

1.9B USD

Dividend Yield

0%

Description

Fortrea Holdings, Inc. engages in the provision of clinical development and commercialization services. The company is headquartered in Durham, North Carolina and currently employs 19,000 full-time employees. The company went IPO on 2023-06-16. The firm is a provider of comprehensive Phase I through IV clinical trial management, clinical pharmacology, patient access solutions and other enabling services. The Company’s segments include Clinical Services and Enabling Services. The Company’s global solutions include Clinical Development, Clinical Pharmacology, Drug Development Consulting Services, Device and Diagnostic Development, and Full and Functional Service Provider Models, among others. Its Clinical Development solutions include Early: Phase I/II a, Late: Phase II b/III, Real-World Evidence and Post-Approval Studies, Decentralized Clinical Trials, Data Analysis and Reporting, Clinical Trial Project Management and Monitoring, and Patient Safety and Pharmacovigilance. By therapeutic or specialty areas, it has scientific expertise in cardiovascular, cell and gene therapies, dermatology, diabetes and endocrinology, hepatology, infectious disease, and others.

Contact

NORTH CAROLINA
Durham
8 Moore Drive
+18774950816

IPO

2023-06-16

Employees

19 000

Officers

CEO, President & Chairman
Mr. Thomas H. Pike
Chief Financial Officer
Ms. Jill McConnell
COO & President of Clinical Services
Mr. Mark A. Morais
Chief Accounting Officer
Mr. Robert Parks
Head of Investor Relations & Corporate Development
Ms. Hima B. Inguva
General Counsel & Corporate Secretary
Stillman Hanson
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President of Consulting
Dr. John J. Doyle
Advisor to the CFO
Amanda M. Warren
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See Also

Discover More
What is the Intrinsic Value of one FTRE stock?

The intrinsic value of one FTRE stock under the Base Case scenario is 34.17 USD.

Is FTRE stock undervalued or overvalued?

Compared to the current market price of 20.48 USD, Fortrea Holdings Inc is Undervalued by 40%.

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