|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.855 USD | +3.30% |
|
+36.58% | -26.85% |
| 07-01 | Cantor Fitzgerald Initiates Forward Industries at Overweight With $7.90 Price Target | MT |
| 06-29 | Forward Industries, Inc.(NasdaqCM:FWDI) added to Russell 2000 Index | CI |
Projected Income Statement: Forward Industries, Inc.
Annual
Quarterly
Annual
Quarterly
| Fiscal Period: September | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Net sales 1 | - | 60.51 | 53.85 | 61 |
| Change | - | - | -11% | 13.28% |
| EBITDA 1 | - | 23.56 | - | - |
| Change | - | - | - | - |
| EBIT 1 | - | -821.7 | 24.25 | 28 |
| Change | - | - | 102.95% | 15.46% |
| Interest Paid 1 | - | -0.4796 | - | - |
| Earnings before Tax (EBT) 1 | - | -821.1 | 23.75 | 27 |
| Change | - | - | 102.89% | 13.68% |
| Net income 1 | -167 | -822.6 | 25.7 | 31 |
| Change | - | -392.58% | 103.12% | 20.62% |
| 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 (%) | - | - | - | - | - | - | 38.94% | - | - |
| EBIT Margin (%) | - | - | - | - | - | - | -1,357.97% | 45.03% | 45.9% |
| EBT Margin (%) | - | - | - | - | - | - | -1,357.02% | 44.1% | 44.26% |
| Net margin (%) | - | - | - | - | - | - | -1,359.54% | 47.73% | 50.82% |
| 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 | -0.0907 | 0.0026 | 0.0028 |
| Change | - | - | - | - | - | - | 99.63% | 102.87% | 7.69% |
| Nbr of stocks (in thousands) | - | - | - | - | - | 85,068 | 74,680 | 74,680 | 74,680 |
| Announcement Date | - | - | - | - | - | 12/11/25 | - | - | - |
1USD
Estimates
| 2026 * | 2027 * | |
|---|---|---|
| P/E | -51.8x | 1,808x |
| PBR | - | - |
| EV / Sales | 5.8x | 6.52x |
| Yield | - | - |
EPS & Dividend
Y-o-Y evolution of P/E
Sell
Buy

Mean consensus
BUY
Number of Analysts
3
Last Close Price
4.700USD
Average target price
8.133USD
Spread / Average Target
+73.05%
Quarterly revenue - Rate of surprise
- Stock Market
- Stocks
- FWDI Stock
- Financials Forward Industries, Inc.
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