FORWARD INDUSTRIES INC/NEW (FWDI) Fundamental Analysis & Valuation

NASDAQ:FWDI • US3498624093

Current stock price

4.31 USD
0 (0%)
At close:
4.23 USD
-0.08 (-1.86%)
After Hours:

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

2

1. FWDI Profitability Analysis

1.1 Basic Checks

  • FWDI had negative earnings in the past year.
  • In the past year FWDI has reported a negative cash flow from operations.
  • FWDI had negative earnings in 4 of the past 5 years.
  • In multiple years FWDI reported negative operating cash flow during the last 5 years.
FWDI Yearly Net Income VS EBIT VS OCF VS FCFFWDI 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 0 -50M -100M -150M

1.2 Ratios

  • FWDI has a Return On Assets of -84.21%. This is amonst the worse of the industry: FWDI underperforms 87.90% of its industry peers.
  • FWDI's Return On Equity of -85.36% is on the low side compared to the rest of the industry. FWDI is outperformed by 81.45% of its industry peers.
  • FWDI has a Return On Invested Capital of 0.35%. This is comparable to the rest of the industry: FWDI outperforms 45.97% of its industry peers.
Industry RankSector Rank
ROA -84.21%
ROE -85.36%
ROIC 0.35%
ROA(3y)-15.34%
ROA(5y)-10%
ROE(3y)-73.31%
ROE(5y)-46.99%
ROIC(3y)N/A
ROIC(5y)N/A
FWDI Yearly ROA, ROE, ROICFWDI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • The Operating Margin of FWDI (11.21%) is better than 76.61% of its industry peers.
  • Looking at the Gross Margin, with a value of 59.74%, FWDI belongs to the top of the industry, outperforming 94.35% of the companies in the same industry.
  • FWDI's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 11.21%
PM (TTM) N/A
GM 59.74%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.03%
GM growth 5Y8.19%
FWDI Yearly Profit, Operating, Gross MarginsFWDI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600 -800

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6

2. FWDI Health Analysis

2.1 Basic Checks

  • FWDI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for FWDI has been increased compared to 1 year ago.
  • Compared to 5 years ago, FWDI has more shares outstanding
  • There is no outstanding debt for FWDI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FWDI Yearly Shares OutstandingFWDI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
FWDI Yearly Total Debt VS Total AssetsFWDI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B

2.2 Solvency

  • FWDI has an Altman-Z score of 16.71. This indicates that FWDI is financially healthy and has little risk of bankruptcy at the moment.
  • FWDI's Altman-Z score of 16.71 is amongst the best of the industry. FWDI outperforms 94.35% of its industry peers.
  • FWDI has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
  • FWDI has a Debt to Equity ratio (0.00) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 16.71
ROIC/WACC0.04
WACC9.72%
FWDI Yearly LT Debt VS Equity VS FCFFWDI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

2.3 Liquidity

  • A Current Ratio of 6.24 indicates that FWDI has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 6.24, FWDI belongs to the top of the industry, outperforming 87.10% of the companies in the same industry.
  • FWDI has a Quick Ratio of 6.24. This indicates that FWDI is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of FWDI (6.24) is better than 89.52% of its industry peers.
Industry RankSector Rank
Current Ratio 6.24
Quick Ratio 6.24
FWDI Yearly Current Assets VS Current LiabilitesFWDI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M

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

1

3. FWDI Growth Analysis

3.1 Past

  • FWDI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -597.92%.
  • Looking at the last year, FWDI shows a quite strong growth in Revenue. The Revenue has grown by 18.00% in the last year.
  • Measured over the past years, FWDI shows a very negative growth in Revenue. The Revenue has been decreasing by -12.01% on average per year.
EPS 1Y (TTM)-597.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-818.94%
Revenue 1Y (TTM)18%
Revenue growth 3Y-24.55%
Revenue growth 5Y-12.01%
Sales Q2Q%224.01%

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 Y76.65%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year407.02%
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.
FWDI Yearly Revenue VS EstimatesFWDI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 20M 40M 60M 80M
FWDI Yearly EPS VS EstimatesFWDI Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2026 -1 -2 -3 -4 -5

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0

4. FWDI Valuation Analysis

4.1 Price/Earnings Ratio

  • FWDI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for FWDI. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FWDI Price Earnings VS Forward Price EarningsFWDI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

  • FWDI's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 79.31
FWDI Per share dataFWDI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 -10

4.3 Compensation for Growth

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

More info and screens

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

0

5. FWDI Dividend Analysis

5.1 Amount

  • FWDI does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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FWDI Fundamentals: All Metrics, Ratios and Statistics

FORWARD INDUSTRIES INC/NEW

NASDAQ:FWDI (3/30/2026, 8:04:27 PM)

After market: 4.23 -0.08 (-1.86%)

4.31

0 (0%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11
Earnings (Next)05-12
Inst Owners43.52%
Inst Owner Change0%
Ins Owners16.71%
Ins Owner Change100%
Market Cap358.33M
Revenue(TTM)35.00M
Net Income(TTM)-751.95M
Analysts82.86
Price Target7.14 (65.66%)
Short Float %4.33%
Short Ratio2.62
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr YearsN/A
Div Non Decr YearsN/A
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)-30%
PT rev (3m)-30%
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 10.24
P/FCF N/A
P/OCF N/A
P/B 0.41
P/tB 0.41
EV/EBITDA 79.31
EPS(TTM)-14.87
EYN/A
EPS(NY)-5.74
Fwd EYN/A
FCF(TTM)-0.14
FCFYN/A
OCF(TTM)-0.14
OCFYN/A
SpS0.42
BVpS10.59
TBVpS10.59
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -84.21%
ROE -85.36%
ROCE 0.44%
ROIC 0.35%
ROICexc 0.36%
ROICexgc 0.36%
OM 11.21%
PM (TTM) N/A
GM 59.74%
FCFM N/A
ROA(3y)-15.34%
ROA(5y)-10%
ROE(3y)-73.31%
ROE(5y)-46.99%
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 3Y13.03%
GM growth 5Y8.19%
F-Score4
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0.83
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 106.34
Cash Conversion N/A
Profit Quality N/A
Current Ratio 6.24
Quick Ratio 6.24
Altman-Z 16.71
F-Score4
WACC9.72%
ROIC/WACC0.04
Cap/Depr(3y)23.5%
Cap/Depr(5y)29.31%
Cap/Sales(3y)0.28%
Cap/Sales(5y)0.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-597.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-818.94%
EPS Next Y76.65%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)18%
Revenue growth 3Y-24.55%
Revenue growth 5Y-12.01%
Sales Q2Q%224.01%
Revenue Next Year407.02%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y313.78%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year807.58%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1102.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1019.9%
OCF growth 3YN/A
OCF growth 5YN/A

FORWARD INDUSTRIES INC/NEW / FWDI Fundamental Analysis FAQ

What is the fundamental rating for FWDI stock?

ChartMill assigns a fundamental rating of 3 / 10 to FWDI.


What is the valuation status of FORWARD INDUSTRIES INC/NEW (FWDI) stock?

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


How profitable is FORWARD INDUSTRIES INC/NEW (FWDI) stock?

FORWARD INDUSTRIES INC/NEW (FWDI) has a profitability rating of 2 / 10.


How sustainable is the dividend of FORWARD INDUSTRIES INC/NEW (FWDI) stock?

The dividend rating of FORWARD INDUSTRIES INC/NEW (FWDI) is 0 / 10 and the dividend payout ratio is 0%.