FORD Valuation

Forward Industries Inc

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14.220

+0.58(4.252%)1D

Overview
Forecast
Valuation
Earnings

FORD Relative Valuation

FORD's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FORD is overvalued; if below, it's undervalued.

Historical Valuation

Forward Industries Inc (FORD) is now in the Fair zone, suggesting that its current forward PE ratio of 22.15 is considered Fairly compared with the five-year average of 21.06. The fair price of Forward Industries Inc (FORD) is between 6.61 to 20.15 according to relative valuation methord.

Relative Value

Fair Zone

6.61-20.15

Current Price：14.22

Fair

22.15

Trailing

Forward

18.88

EV/EBITDA

Forward Industries Inc. (FORD) has a current EV/EBITDA of 18.88. The 5-year average EV/EBITDA is 13.01. The thresholds are as follows: Strongly Undervalued below -1.24, Undervalued between -1.24 and 5.89, Fairly Valued between 20.14 and 5.89, Overvalued between 20.14 and 27.27, and Strongly Overvalued above 27.27. The current Forward EV/EBITDA of 18.88 falls within the Historic Trend Line -Fairly Valued range.

23.94

EV/EBIT

Forward Industries Inc. (FORD) has a current EV/EBIT of 23.94. The 5-year average EV/EBIT is 16.60. The thresholds are as follows: Strongly Undervalued below -1.73, Undervalued between -1.73 and 7.44, Fairly Valued between 25.77 and 7.44, Overvalued between 25.77 and 34.94, and Strongly Overvalued above 34.94. The current Forward EV/EBIT of 23.94 falls within the Historic Trend Line -Fairly Valued range.

0.44

Forward Industries Inc. (FORD) has a current PS of 0.44. The 5-year average PS is 0.34. The thresholds are as follows: Strongly Undervalued below -0.07, Undervalued between -0.07 and 0.13, Fairly Valued between 0.54 and 0.13, Overvalued between 0.54 and 0.74, and Strongly Overvalued above 0.74. The current Forward PS of 0.44 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

Forward Industries Inc. (FORD) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Forward Industries Inc. (FORD) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Forward Industries Inc (FORD) has a current Price-to-Book (P/B) ratio of -11.63. Compared to its 3-year average P/B ratio of 6.60 , the current P/B ratio is approximately -276.13% higher. Relative to its 5-year average P/B ratio of 5.10, the current P/B ratio is about -327.99% higher. Forward Industries Inc (FORD) has a Forward Free Cash Flow (FCF) yield of approximately -1.21%. Compared to its 3-year average FCF yield of 7.16%, the current FCF yield is approximately -116.96% lower. Relative to its 5-year average FCF yield of 4.32% , the current FCF yield is about -128.14% lower.

-11.63

P/B

Median3y

6.60

Median5y

5.10

-1.21

FCF Yield

Median3y

7.16

Median5y

4.32

Competitors Valuation Multiple

The average P/S ratio for FORD's competitors is 1.25, providing a benchmark for relative valuation. Forward Industries Inc Corp (FORD) exhibits a P/S ratio of 0.44, which is -64.63% above the industry average. Given its robust revenue growth of -38.41%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

FORD.O

Forward Industries Inc

Performance Decomposition

Market capitalization of FORD increased by 281.23% over the past 1 year. The primary factor behind the change was an decrease in Margin Expansion from -12.37 to -58.35.

The secondary factor is the Revenue Growth, contributed -38.41%to the performance.

Overall, the performance of FORD in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-38.41%

5.07M → 3.12M

Revenue Growth

371.71%

-12.37 → -58.35

Margin Expansion

-52.07%

-8.88 → -4.26

P/E Change

281.23%