Logo image of FWDI

FORWARD INDUSTRIES INC (FWDI) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:FWDI - US3498624093 - Common Stock

7.86 USD
-1.04 (-11.69%)
Last: 12/1/2025, 8:17:32 PM
8.12 USD
+0.26 (+3.31%)
After Hours: 12/1/2025, 8:17:32 PM
Fundamental Rating

1

Taking everything into account, FWDI scores 1 out of 10 in our fundamental rating. FWDI was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. While FWDI seems to be doing ok healthwise, there are quite some concerns on its profitability. FWDI is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

1

1. Profitability

1.1 Basic Checks

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

1.2 Ratios

FWDI has a Return On Assets of -44.17%. This is amonst the worse of the industry: FWDI underperforms 80.00% of its industry peers.
Looking at the Return On Equity, with a value of -109.33%, FWDI is doing worse than 85.60% of the companies in the same industry.
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
FWDI Yearly ROA, ROE, ROICFWDI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

The Gross Margin of FWDI (10.50%) is worse than 80.00% of its industry peers.
FWDI's Gross Margin has improved in the last couple of years.
FWDI 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 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%
FWDI Yearly Profit, Operating, Gross MarginsFWDI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

More info and screens

4

2. Health

2.1 Basic Checks

FWDI does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FWDI has more shares outstanding
FWDI has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, FWDI has an improved debt to assets ratio.
FWDI Yearly Shares OutstandingFWDI Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FWDI Yearly Total Debt VS Total AssetsFWDI 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

FWDI has an Altman-Z score of 79.09. This indicates that FWDI is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 79.09, FWDI belongs to the best of the industry, outperforming 98.40% of the companies in the same industry.
A Debt/Equity ratio of 0.18 indicates that FWDI is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.18, FWDI perfoms like the industry average, outperforming 47.20% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z 79.09
ROIC/WACCN/A
WACC8.87%
FWDI Yearly LT Debt VS Equity VS FCFFWDI 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

A Current Ratio of 1.51 indicates that FWDI should not have too much problems paying its short term obligations.
With a Current ratio value of 1.51, FWDI is not doing good in the industry: 75.20% of the companies in the same industry are doing better.
A Quick Ratio of 1.51 indicates that FWDI should not have too much problems paying its short term obligations.
FWDI has a Quick ratio (1.51) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 1.51
FWDI Yearly Current Assets VS Current LiabilitesFWDI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

More info and screens

0

3. Growth

3.1 Past

The earnings per share for FWDI have decreased by -5.59% in the last year.
The Revenue for FWDI has decreased by -30.05% in the past year. This is quite bad
The Revenue has been decreasing by -4.19% on average over the past years.
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%-68.37%

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.
FWDI Yearly Revenue VS EstimatesFWDI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
FWDI Yearly EPS VS EstimatesFWDI Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 -0.2 -0.4 -0.6

More info and screens

0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for FWDI. In the last year negative earnings were reported.
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 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
FWDI Per share dataFWDI 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

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

FORWARD INDUSTRIES INC

NASDAQ:FWDI (12/1/2025, 8:17:32 PM)

After market: 8.12 +0.26 (+3.31%)

7.86

-1.04 (-11.69%)

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 Change0%
Ins Owners1.62%
Ins Owner ChangeN/A
Market Cap679.58M
Revenue(TTM)19.56M
Net Income(TTM)-3.66M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)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 34.74
P/FCF N/A
P/OCF N/A
P/B 202.8
P/tB 454.14
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 79.09
F-Score4
WACC8.87%
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%-68.37%
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 / FWDI FAQ

What is the fundamental rating for FWDI stock?

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


Can you provide the valuation status for FORWARD INDUSTRIES INC?

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


Can you provide the profitability details for FORWARD INDUSTRIES INC?

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


How financially healthy is FORWARD INDUSTRIES INC?

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