FINWARD BANCORP (FNWD) Fundamental Analysis & Valuation

NASDAQ:FNWD • US31812F1093

Current stock price

38.4 USD
+0.74 (+1.96%)
At close:
38.4 USD
0 (0%)
After Hours:

This FNWD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

2

1. FNWD Profitability Analysis

1.1 Basic Checks

  • FNWD had positive earnings in the past year.
  • In the past year FNWD had a positive cash flow from operations.
  • FNWD had positive earnings in each of the past 5 years.
  • FNWD had a positive operating cash flow in 4 of the past 5 years.
FNWD Yearly Net Income VS EBIT VS OCF VS FCFFNWD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M

1.2 Ratios

  • With a Return On Assets value of 0.40%, FNWD is not doing good in the industry: 84.25% of the companies in the same industry are doing better.
  • FNWD has a Return On Equity of 4.96%. This is in the lower half of the industry: FNWD underperforms 79.79% of its industry peers.
Industry RankSector Rank
ROA 0.4%
ROE 4.96%
ROIC N/A
ROA(3y)0.46%
ROA(5y)0.61%
ROE(3y)6.11%
ROE(5y)7.79%
ROIC(3y)N/A
ROIC(5y)N/A
FNWD Yearly ROA, ROE, ROICFNWD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • FNWD's Profit Margin of 12.46% is on the low side compared to the rest of the industry. FNWD is outperformed by 82.41% of its industry peers.
  • FNWD's Profit Margin has declined in the last couple of years.
  • FNWD does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 12.46%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-13.88%
PM growth 5Y-13.22%
GM growth 3YN/A
GM growth 5YN/A
FNWD Yearly Profit, Operating, Gross MarginsFNWD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

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1

2. FNWD Health Analysis

2.1 Basic Checks

  • FNWD does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • FNWD has more shares outstanding than it did 1 year ago.
  • FNWD has more shares outstanding than it did 5 years ago.
  • FNWD has a better debt/assets ratio than last year.
FNWD Yearly Shares OutstandingFNWD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1M 2M 3M 4M
FNWD Yearly Total Debt VS Total AssetsFNWD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • The Debt to FCF ratio of FNWD is 3.99, which is a good value as it means it would take FNWD, 3.99 years of fcf income to pay off all of its debts.
  • FNWD has a Debt to FCF ratio of 3.99. This is in the lower half of the industry: FNWD underperforms 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.29 indicates that FNWD is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.29, FNWD is not doing good in the industry: 64.83% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 3.99
Altman-Z N/A
ROIC/WACCN/A
WACC17.64%
FNWD Yearly LT Debt VS Equity VS FCFFNWD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
FNWD Yearly Current Assets VS Current LiabilitesFNWD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. FNWD Growth Analysis

3.1 Past

  • The earnings per share for FNWD have decreased strongly by -20.49% in the last year.
  • FNWD shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.35% yearly.
  • FNWD shows a decrease in Revenue. In the last year, the revenue decreased by -7.11%.
  • FNWD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.62% yearly.
EPS 1Y (TTM)-20.49%
EPS 3Y-17.93%
EPS 5Y-16.35%
EPS Q2Q%69.39%
Revenue 1Y (TTM)-7.11%
Revenue growth 3Y-5.66%
Revenue growth 5Y0.62%
Sales Q2Q%-2.38%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.52% on average over the next years. This is quite good.
  • Based on estimates for the next years, FNWD will show a small growth in Revenue. The Revenue will grow by 7.36% on average per year.
EPS Next Y19.23%
EPS Next 2Y16.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.32%
Revenue Next 2Y7.36%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
FNWD Yearly Revenue VS EstimatesFNWD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20M 40M 60M 80M
FNWD Yearly EPS VS EstimatesFNWD Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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3

4. FNWD Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.07, FNWD is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of FNWD indicates a rather expensive valuation: FNWD more expensive than 80.31% of the companies listed in the same industry.
  • FNWD is valuated rather cheaply when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 14.31, which indicates a correct valuation of FNWD.
  • Based on the Price/Forward Earnings ratio, FNWD is valued a bit more expensive than the industry average as 74.02% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 23.28. FNWD is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 17.07
Fwd PE 14.31
FNWD Price Earnings VS Forward Price EarningsFNWD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • FNWD's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 13.71
EV/EBITDA N/A
FNWD Per share dataFNWD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • FNWD's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • FNWD's earnings are expected to grow with 16.52% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.89
PEG (5Y)N/A
EPS Next 2Y16.52%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. FNWD Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.30%, FNWD has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.90, FNWD's dividend is way lower than its industry peers. On top of this 80.31% of the companies listed in the same industry pay a better dividend than FNWD!
  • Compared to the average S&P500 Dividend Yield of 1.91, FNWD is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.3%

5.2 History

  • The dividend of FNWD decreases each year by -17.52%.
  • FNWD has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-17.52%
Div Incr Years0
Div Non Decr Years0
FNWD Yearly Dividends per shareFNWD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 18.97% of the earnings are spent on dividend by FNWD. This is a low number and sustainable payout ratio.
DP18.97%
EPS Next 2Y16.52%
EPS Next 3YN/A
FNWD Yearly Income VS Free CF VS DividendFNWD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5M 10M 15M 20M
FNWD Dividend Payout.FNWD Dividend Payout, showing the Payout Ratio.FNWD Dividend Payout.PayoutRetained Earnings

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FNWD Fundamentals: All Metrics, Ratios and Statistics

FINWARD BANCORP

NASDAQ:FNWD (3/20/2026, 8:00:01 PM)

After market: 38.4 0 (0%)

38.4

+0.74 (+1.96%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-27
Earnings (Next)04-28
Inst Owners45.14%
Inst Owner Change6.96%
Ins Owners13.63%
Ins Owner Change0.47%
Market Cap166.27M
Revenue(TTM)66.04M
Net Income(TTM)8.20M
Analysts82.5
Price Target39.27 (2.27%)
Short Float %4.71%
Short Ratio11.81
Dividend
Industry RankSector Rank
Dividend Yield 1.3%
Yearly Dividend0.48
Dividend Growth(5Y)-17.52%
DP18.97%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)99.3%
Min EPS beat(2)98.53%
Max EPS beat(2)100.08%
EPS beat(4)4
Avg EPS beat(4)89.62%
Min EPS beat(4)13.52%
Max EPS beat(4)146.35%
EPS beat(8)6
Avg EPS beat(8)106.07%
EPS beat(12)6
Avg EPS beat(12)66.11%
EPS beat(16)6
Avg EPS beat(16)45.64%
Revenue beat(2)0
Avg Revenue beat(2)-3.83%
Min Revenue beat(2)-4.41%
Max Revenue beat(2)-3.25%
Revenue beat(4)1
Avg Revenue beat(4)-2.56%
Min Revenue beat(4)-6.23%
Max Revenue beat(4)3.66%
Revenue beat(8)1
Avg Revenue beat(8)-5.38%
Revenue beat(12)1
Avg Revenue beat(12)-7.16%
Revenue beat(16)1
Avg Revenue beat(16)-7.05%
PT rev (1m)1.32%
PT rev (3m)4.05%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.86%
Revenue NY rev (3m)1.19%
Valuation
Industry RankSector Rank
PE 17.07
Fwd PE 14.31
P/S 2.52
P/FCF 13.71
P/OCF 12.82
P/B 1
P/tB 1.17
EV/EBITDA N/A
EPS(TTM)2.25
EY5.86%
EPS(NY)2.68
Fwd EY6.99%
FCF(TTM)2.8
FCFY7.3%
OCF(TTM)2.99
OCFY7.8%
SpS15.21
BVpS38.22
TBVpS32.75
PEG (NY)0.89
PEG (5Y)N/A
Graham Number43.99
Profitability
Industry RankSector Rank
ROA 0.4%
ROE 4.96%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 12.46%
GM N/A
FCFM 18.42%
ROA(3y)0.46%
ROA(5y)0.61%
ROE(3y)6.11%
ROE(5y)7.79%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-13.88%
PM growth 5Y-13.22%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.29
Debt/FCF 3.99
Debt/EBITDA N/A
Cap/Depr 12.96%
Cap/Sales 1.27%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 147.85%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC17.64%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.49%
EPS 3Y-17.93%
EPS 5Y-16.35%
EPS Q2Q%69.39%
EPS Next Y19.23%
EPS Next 2Y16.52%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.11%
Revenue growth 3Y-5.66%
Revenue growth 5Y0.62%
Sales Q2Q%-2.38%
Revenue Next Year9.32%
Revenue Next 2Y7.36%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y610.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1445.29%
OCF growth 3YN/A
OCF growth 5YN/A

FINWARD BANCORP / FNWD Fundamental Analysis FAQ

What is the fundamental rating for FNWD stock?

ChartMill assigns a fundamental rating of 2 / 10 to FNWD.


What is the valuation status for FNWD stock?

ChartMill assigns a valuation rating of 3 / 10 to FINWARD BANCORP (FNWD). This can be considered as Overvalued.


What is the profitability of FNWD stock?

FINWARD BANCORP (FNWD) has a profitability rating of 2 / 10.


Can you provide the PE and PB ratios for FNWD stock?

The Price/Earnings (PE) ratio for FINWARD BANCORP (FNWD) is 17.07 and the Price/Book (PB) ratio is 1.


Can you provide the expected EPS growth for FNWD stock?

The Earnings per Share (EPS) of FINWARD BANCORP (FNWD) is expected to grow by 19.23% in the next year.