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FORWARD INDUSTRIES INC (FORD) Stock Fundamental Analysis

USA - NASDAQ:FORD - US3498624093 - Common Stock

10.69 USD
+0.25 (+2.39%)
Last: 11/5/2025, 8:00:00 PM
10.73 USD
+0.04 (+0.37%)
After Hours: 11/5/2025, 8:00:00 PM
Fundamental Rating

1

FORD gets a fundamental rating of 1 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. FORD scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FORD is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year FORD has reported negative net income.
In the past year FORD has reported a negative cash flow from operations.
FORD had negative earnings in 4 of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: FORD reported negative operating cash flow in multiple years.
FORD Yearly Net Income VS EBIT VS OCF VS FCFFORD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1M -1M -2M -3M

1.2 Ratios

FORD has a Return On Assets of -44.17%. This is in the lower half of the industry: FORD underperforms 79.84% of its industry peers.
With a Return On Equity value of -109.33%, FORD is not doing good in the industry: 85.48% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -44.17%
ROE -109.33%
ROIC N/A
ROA(3y)-13.76%
ROA(5y)-9.57%
ROE(3y)-76.86%
ROE(5y)-50.13%
ROIC(3y)N/A
ROIC(5y)N/A
FORD Yearly ROA, ROE, ROICFORD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

FORD has a worse Gross Margin (10.50%) than 79.03% of its industry peers.
FORD's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for FORD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 10.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.44%
GM growth 5Y3.17%
FORD Yearly Profit, Operating, Gross MarginsFORD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

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4

2. Health

2.1 Basic Checks

FORD does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for FORD has been increased compared to 1 year ago.
FORD has less shares outstanding than it did 5 years ago.
FORD has a better debt/assets ratio than last year.
FORD Yearly Shares OutstandingFORD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FORD Yearly Total Debt VS Total AssetsFORD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M

2.2 Solvency

An Altman-Z score of 103.72 indicates that FORD is not in any danger for bankruptcy at the moment.
FORD has a Altman-Z score of 103.72. This is amongst the best in the industry. FORD outperforms 98.39% of its industry peers.
FORD has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
FORD's Debt to Equity ratio of 0.18 is in line compared to the rest of the industry. FORD outperforms 47.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z 103.72
ROIC/WACCN/A
WACC9.17%
FORD Yearly LT Debt VS Equity VS FCFFORD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M 6M 8M 10M

2.3 Liquidity

FORD has a Current Ratio of 1.51. This is a normal value and indicates that FORD is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of FORD (1.51) is worse than 75.00% of its industry peers.
FORD has a Quick Ratio of 1.51. This is a normal value and indicates that FORD is financially healthy and should not expect problems in meeting its short term obligations.
FORD has a Quick ratio (1.51) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 1.51
FORD Yearly Current Assets VS Current LiabilitesFORD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

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0

3. Growth

3.1 Past

The earnings per share for FORD have decreased by -5.59% in the last year.
FORD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.05%.
Measured over the past years, FORD shows a decrease in Revenue. The Revenue has been decreasing by -4.19% on average per year.
EPS 1Y (TTM)-5.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-113.89%
Revenue 1Y (TTM)-30.05%
Revenue growth 3Y-8.19%
Revenue growth 5Y-4.19%
Sales Q2Q%-68.38%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
FORD Yearly Revenue VS EstimatesFORD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
FORD Yearly EPS VS EstimatesFORD Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 -0.2 -0.4 -0.6

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0

4. Valuation

4.1 Price/Earnings Ratio

FORD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FORD Price Earnings VS Forward Price EarningsFORD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
FORD Per share dataFORD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -1 -2 -3

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

FORD does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FORWARD INDUSTRIES INC

NASDAQ:FORD (11/5/2025, 8:00:00 PM)

After market: 10.73 +0.04 (+0.37%)

10.69

+0.25 (+2.39%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)08-12 2025-08-12
Earnings (Next)12-26 2025-12-26
Inst Owners9.74%
Inst Owner Change3.24%
Ins Owners1.62%
Ins Owner Change2.08%
Market Cap903.63M
Revenue(TTM)19.56M
Net Income(TTM)-3663600
Analysts0
Price TargetN/A
Short Float %0.76%
Short Ratio1.1
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 46.2
P/FCF N/A
P/OCF N/A
P/B 269.67
P/tB 603.87
EV/EBITDA N/A
EPS(TTM)-3.31
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.02
FCFYN/A
OCF(TTM)-0.02
OCFYN/A
SpS0.23
BVpS0.04
TBVpS0.02
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -44.17%
ROE -109.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 10.5%
FCFM N/A
ROA(3y)-13.76%
ROA(5y)-9.57%
ROE(3y)-76.86%
ROE(5y)-50.13%
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 3YN/A
PM growth 5YN/A
GM growth 3Y-0.44%
GM growth 5Y3.17%
F-Score4
Asset Turnover2.36
Health
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 12.27%
Cap/Sales 0.21%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.51
Quick Ratio 1.51
Altman-Z 103.72
F-Score4
WACC9.17%
ROIC/WACCN/A
Cap/Depr(3y)39.17%
Cap/Depr(5y)32.93%
Cap/Sales(3y)0.33%
Cap/Sales(5y)0.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.59%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-113.89%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-30.05%
Revenue growth 3Y-8.19%
Revenue growth 5Y-4.19%
Sales Q2Q%-68.38%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-866.3%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-325.81%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-285%
OCF growth 3YN/A
OCF growth 5YN/A

FORWARD INDUSTRIES INC / FORD FAQ

What is the fundamental rating for FORD stock?

ChartMill assigns a fundamental rating of 1 / 10 to FORD.


What is the valuation status for FORD stock?

ChartMill assigns a valuation rating of 0 / 10 to FORWARD INDUSTRIES INC (FORD). This can be considered as Overvalued.


Can you provide the profitability details for FORWARD INDUSTRIES INC?

FORWARD INDUSTRIES INC (FORD) has a profitability rating of 1 / 10.


Can you provide the financial health for FORD stock?

The financial health rating of FORWARD INDUSTRIES INC (FORD) is 4 / 10.