|
Market Closed -
Nasdaq
01:30:00 24/09/2026 am IST
|
5-day change | 1st Jan Change | ||
| 8.060 USD | -6.28% |
|
+34.11% | +21.94% |
| 24/09 | Financial Shares Get Hurt in Equities Selloff-- Financials Roundup | DJ |
| 23/09 | Forward Industries to Raise $25 Million in Registered Direct Offering | MT |
Projected Income Statement: Forward Industries, Inc.
Annual
Quarterly
Annual
Quarterly
| Fiscal Period: September | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Net sales 1 | - | 57.61 | 56 | 97.65 |
| Change | - | - | -2.78% | 74.37% |
| EBITDA 1 | - | 17.91 | 11.08 | - |
| Change | - | - | -38.12% | - |
| EBIT 1 | - | -889 | 13.22 | 30 |
| Change | - | - | 101.49% | 127% |
| Interest Paid | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | -888.8 | 12.22 | 28 |
| Change | - | - | 101.37% | 129.22% |
| Net income 1 | -167 | -888.6 | 14.91 | 35 |
| Change | - | -432.09% | 101.68% | 134.72% |
| Announcement Date | 11/12/25 | - | - | - |
1USD in Million
Estimates
Forecast Balance Sheet: Forward Industries, Inc.
| Fiscal Period: September | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Net Debt | - | - | - | - |
| Change | - | - | - | - |
| Announcement Date | 11/12/25 | - | - | - |
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 | 17/12/20 | 16/12/21 | 16/12/22 | 21/12/23 | 27/12/24 | 11/12/25 |
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 (%) | - | - | - | - | - | - | 31.09% | 19.79% | - |
| EBIT Margin (%) | - | - | - | - | - | - | -1,543.18% | 23.6% | 30.72% |
| EBT Margin (%) | - | - | - | - | - | - | -1,542.98% | 21.81% | 28.67% |
| Net margin (%) | - | - | - | - | - | - | -1,542.56% | 26.63% | 35.84% |
| 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 | -9.953 | 0.16 | 0.31 |
| Change | - | - | - | - | - | - | 59.52% | 101.61% | 93.75% |
| Nbr of stocks (in thousands) | - | - | - | - | - | 85,068 | 73,847 | 73,847 | 73,847 |
| Announcement Date | - | - | - | - | - | 11/12/25 | - | - | - |
1USD
Estimates
| 2026 * | 2027 * | |
|---|---|---|
| P/E | -0.81x | 50.4x |
| PBR | - | - |
| EV / Sales | 10.3x | 10.6x |
| Yield | - | - |
EPS & Dividend
Y-o-Y evolution of P/E
Sell
Buy

Mean consensus
BUY
Number of Analysts
3
Last Close Price
8.060USD
Average target price
11.83USD
Spread / Average Target
+46.82%
Quarterly revenue - Rate of surprise
- Stock Market
- Stocks
- FWDI Stock
- Financials Forward Industries, Inc.
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