FORWARD INDUSTRIES INC (FORD)
US3498623004 - Common Stock
FORD gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 51 industry peers in the Textiles, Apparel & Luxury Goods industry. FORD may be in some trouble as it scores bad on both profitability and health. FORD has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
FORD had negative earnings in the past year.
FORD had a positive operating cash flow in the past year.
In the past 5 years FORD reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: FORD reported negative operating cash flow in multiple years.
1.2 Ratios
FORD has a Return On Assets of -22.41%. This is amonst the worse of the industry: FORD underperforms 84.00% of its industry peers.
FORD's Return On Equity of -158.37% is on the low side compared to the rest of the industry. FORD is outperformed by 88.00% of its industry peers.
FORD has a Return On Invested Capital of 3.81%. This is in the lower half of the industry: FORD underperforms 64.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -22.41% | ||
| ROE | -158.37% | ||
| ROIC | 3.81% |
ROA(3y)-8.49%
ROA(5y)-11.41%
ROE(3y)-52.61%
ROE(5y)-46.32%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
FORD has a worse Operating Margin (0.76%) than 68.00% of its industry peers.
In the last couple of years the Operating Margin of FORD has declined.
The Gross Margin of FORD (24.47%) is worse than 86.00% of its industry peers.
FORD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.76% | ||
| PM (TTM) | N/A | ||
| GM | 24.47% |
OM growth 3YN/A
OM growth 5Y-10.4%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.79%
GM growth 5Y3.67%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FORD is destroying value.
The number of shares outstanding for FORD remains at a similar level compared to 1 year ago.
The number of shares outstanding for FORD has been increased compared to 5 years ago.
Compared to 1 year ago, FORD has an improved debt to assets ratio.
2.2 Solvency
FORD has an Altman-Z score of 0.69. This is a bad value and indicates that FORD is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.69, FORD is not doing good in the industry: 82.00% of the companies in the same industry are doing better.
FORD has a debt to FCF ratio of 0.71. This is a very positive value and a sign of high solvency as it would only need 0.71 years to pay back of all of its debts.
FORD has a Debt to FCF ratio of 0.71. This is in the better half of the industry: FORD outperforms 78.00% of its industry peers.
FORD has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
FORD has a Debt to Equity ratio (0.37) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 0.71 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.4
WACC9.56%
2.3 Liquidity
A Current Ratio of 0.93 indicates that FORD may have some problems paying its short term obligations.
The Current ratio of FORD (0.93) is worse than 96.00% of its industry peers.
A Quick Ratio of 0.89 indicates that FORD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.89, FORD is doing worse than 66.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
FORD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -78.95%.
The Revenue for FORD has decreased by -20.45% in the past year. This is quite bad
The Revenue has been growing slightly by 1.24% on average over the past years.
EPS 1Y (TTM)-78.95%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q5.28%
Revenue 1Y (TTM)-20.45%
Revenue growth 3Y2.09%
Revenue growth 5Y1.24%
Revenue growth Q2Q-33.84%
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.
4. Valuation
4.1 Price/Earnings Ratio
FORD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FORD is valued cheaper than 100.00% of the companies in the same industry.
FORD's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FORD is cheaper than 88.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.29 | ||
| EV/EBITDA | 3.73 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for FORD!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FORWARD INDUSTRIES INC
NASDAQ:FORD (5/3/2024, 7:00:00 PM)
0.512
-0.01 (-1.25%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.15M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -22.41% | ||
| ROE | -158.37% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 0.76% | ||
| PM (TTM) | N/A | ||
| GM | 24.47% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover2.02
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-78.95%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-20.45%
Revenue growth 3Y2.09%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y