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FORWARD INDUSTRIES INC (FORD) Stock Fundamental Analysis

NASDAQ:FORD - Nasdaq - US3498624093 - Common Stock - Currency: USD

13.35  -0.87 (-6.12%)

Fundamental Rating

1

Overall FORD gets a fundamental rating of 1 out of 10. We evaluated FORD against 124 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and financial health of FORD have multiple concerns. 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

FORD had negative earnings in the past year.
FORD had a negative operating cash flow in the past year.
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 worse Return On Assets (-25.96%) than 75.00% of its industry peers.
The Return On Equity of FORD (-89.50%) is worse than 82.26% of its industry peers.
Industry RankSector Rank
ROA -25.96%
ROE -89.5%
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 Gross Margin of 17.16%. This is in the lower half of the industry: FORD underperforms 71.77% of its industry peers.
FORD's Gross Margin has improved in the last couple of years.
FORD does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 17.16%
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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2. Health

2.1 Basic Checks

FORD does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FORD has more shares outstanding
Compared to 5 years ago, FORD has less shares outstanding
Compared to 1 year ago, FORD has an improved debt to assets ratio.
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

Based on the Altman-Z score of -0.07, we must say that FORD is in the distress zone and has some risk of bankruptcy.
FORD's Altman-Z score of -0.07 is on the low side compared to the rest of the industry. FORD is outperformed by 76.61% of its industry peers.
A Debt/Equity ratio of 0.17 indicates that FORD is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.17, FORD is in line with its industry, outperforming 48.39% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Altman-Z -0.07
ROIC/WACCN/A
WACC9.38%
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 1.19. 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 worse Current ratio (1.19) than 87.10% of its industry peers.
FORD has a Quick Ratio of 1.19. 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 of 1.19. This is in the lower half of the industry: FORD underperforms 70.16% of its industry peers.
Industry RankSector Rank
Current Ratio 1.19
Quick Ratio 1.19
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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3. Growth

3.1 Past

FORD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.66%.
Looking at the last year, FORD shows a very negative growth in Revenue. The Revenue has decreased by -17.39% in the last year.
FORD shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.19% yearly.
EPS 1Y (TTM)-2.66%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-141.52%
Revenue 1Y (TTM)-17.39%
Revenue growth 3Y-8.19%
Revenue growth 5Y-4.19%
Sales Q2Q%-60.12%

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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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FORD. In the last year negative earnings were reported.
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 5 10 15 20

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 (8/11/2025, 5:38:55 PM)

13.35

-0.87 (-6.12%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)05-08 2025-05-08
Earnings (Next)08-12 2025-08-12
Inst Owners19.45%
Inst Owner Change0%
Ins Owners3.11%
Ins Owner Change0%
Market Cap15.09M
Analysts0
Price TargetN/A
Short Float %2.94%
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 0.6
P/FCF N/A
P/OCF N/A
P/B 4.22
P/tB 9.03
EV/EBITDA N/A
EPS(TTM)-2.9
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)-0.03
OCFYN/A
SpS22.08
BVpS3.17
TBVpS1.48
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -25.96%
ROE -89.5%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 17.16%
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
ROICexcg growth 3YN/A
ROICexcg 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 Turnover2.02
Health
Industry RankSector Rank
Debt/Equity 0.17
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 9.51%
Cap/Sales 0.13%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.19
Quick Ratio 1.19
Altman-Z -0.07
F-Score4
WACC9.38%
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)-2.66%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-141.52%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-17.39%
Revenue growth 3Y-8.19%
Revenue growth 5Y-4.19%
Sales Q2Q%-60.12%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-664.08%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-106.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-103.27%
OCF growth 3YN/A
OCF growth 5YN/A