|
Market Closed -
Nasdaq
16:00:00 2026-08-17 EDT
|
5-day change | 1st Jan Change | ||
| 4.280 USD | +0.47% |
|
+0.94% | -35.25% |
| 08-13 | B. Riley Adjusts Price Target on Forward Industries to $7 From $8, Maintains Buy Rating | MT |
| 08-12 | Forward Industries, Inc., Q3 2026 Earnings Call, Aug 12, 2026 |
Projected Income Statement: Forward Industries, Inc.
Annual
Quarterly
Annual
Quarterly
| Fiscal Period: September | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Net sales 1 | - | 56.95 | 55 | 60 |
| Change | - | - | -3.42% | 9.09% |
| EBITDA 1 | - | 23.56 | - | - |
| Change | - | - | - | - |
| EBIT 1 | - | -934.7 | 18.35 | 14 |
| Change | - | - | 101.96% | -23.71% |
| Interest Paid 1 | - | -0.4796 | - | - |
| Earnings before Tax (EBT) 1 | - | -935 | 17.35 | 12 |
| Change | - | - | 101.86% | -30.84% |
| Net income 1 | -167 | -934.1 | 20.25 | 19 |
| Change | - | -459.33% | 102.17% | -6.17% |
| Announcement Date | 12/11/25 | - | - | - |
1USD in Million
Estimates
Forecast Balance Sheet: Forward Industries, Inc.
| Fiscal Period: September | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Net Debt | - | - | - | - |
| Change | - | - | - | - |
| Announcement Date | 12/11/25 | - | - | - |
Estimates
Cash Flow Forecast: Forward Industries, Inc.
| Fiscal Period: September | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| CAPEX 1 | 0.0685 | 0.0672 | 0.1696 | 0.1361 | 0.0652 | 0.0258 |
| Change | - | -1.82% | 152.4% | -19.78% | -52.12% | -60.44% |
| Free Cash Flow (FCF) 1 | -1.016 | -0.4421 | 1.844 | 4.693 | -1.238 | -3.109 |
| Change | - | 56.48% | 517.12% | 154.51% | -126.37% | -151.2% |
| Announcement Date | 12/17/20 | 12/16/21 | 12/16/22 | 12/21/23 | 12/27/24 | 12/11/25 |
1USD in Million
Estimates
Forecast Financial Ratios: Forward Industries, Inc.
| Fiscal Period: September | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|
Profitability | |||||||||
| EBITDA Margin (%) | - | - | - | - | - | - | 41.37% | - | - |
| EBIT Margin (%) | - | - | - | - | - | - | -1,641.26% | 33.36% | 23.33% |
| EBT Margin (%) | - | - | - | - | - | - | -1,641.88% | 31.55% | 20% |
| Net margin (%) | - | - | - | - | - | - | -1,640.21% | 36.82% | 31.67% |
| FCF margin (%) | - | - | - | - | - | - | - | - | - |
| FCF / Net Income (%) | - | - | - | - | - | - | - | - | - |
Profitability | |||||||||
| ROA | -2.64% | -2.44% | -3.8% | 0.52% | -6.74% | -0.53% | - | - | - |
| ROE | -24.84% | 7.47% | -20.11% | 3.57% | -69.76% | -22.96% | - | - | - |
Financial Health | |||||||||
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - | - |
| Debt / Free cash flow | - | - | - | - | - | - | - | - | - |
Capital Intensity | |||||||||
| CAPEX / Current Assets (%) | - | - | - | - | - | - | - | - | - |
| CAPEX / EBITDA (%) | - | - | - | - | - | - | - | - | - |
| CAPEX / FCF (%) | - | - | - | - | - | - | - | - | - |
Items per share | |||||||||
| Cash flow per share 1 | - | - | - | - | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - | - |
| Dividend per Share 1 | - | - | - | - | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - | - |
| Book Value Per Share 1 | - | - | - | - | - | - | - | - | - |
| Change | - | - | - | - | - | - | - | - | - |
| EPS 1 | - | - | - | - | - | -24.59 | -10.1 | 0.195 | 0.14 |
| Change | - | - | - | - | - | - | 58.91% | 101.93% | -28.21% |
| Nbr of stocks (in thousands) | - | - | - | - | - | 85,068 | 73,847 | 73,847 | 73,847 |
| Announcement Date | - | - | - | - | - | 12/11/25 | - | - | - |
1USD
Estimates
| 2026 * | 2027 * | |
|---|---|---|
| P/E | -0.42x | 21.9x |
| PBR | - | - |
| EV / Sales | 5.55x | 5.75x |
| Yield | - | - |
EPS & Dividend
Y-o-Y evolution of P/E
Sell
Buy

Mean consensus
BUY
Number of Analysts
3
Last Close Price
4.280USD
Average target price
7.833USD
Spread / Average Target
+83.02%
Quarterly revenue - Rate of surprise
- Stock Market
- Stocks
- FWDI Stock
- Financials Forward Industries, Inc.
Select your edition
All financial news and data tailored to specific country editions
















