|
Market Closed -
Nasdaq
00:00:00 22/08/2026 +04
|
5-day change | 1st Jan Change | ||
| 5.140 USD | +2.39% |
|
+20.66% | -22.24% |
| 08-13 | B. Riley Adjusts Price Target on Forward Industries to $7 From $8, Maintains Buy Rating | MT |
| 08-13 | 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 | - | 56.84 | 52 | 60 |
| Change | - | - | -8.51% | 15.38% |
| EBITDA 1 | - | 17.91 | 11.08 | - |
| Change | - | - | -38.12% | - |
| EBIT 1 | - | -889.6 | 14.38 | 14 |
| Change | - | - | 101.62% | -2.62% |
| Interest Paid | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | -889.8 | 13.71 | 12 |
| Change | - | - | 101.54% | -12.48% |
| Net income 1 | -167 | -889.2 | 15.11 | 19 |
| Change | - | -432.47% | 101.7% | 25.76% |
| 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 (%) | - | - | - | - | - | - | 31.51% | 21.32% | - |
| EBIT Margin (%) | - | - | - | - | - | - | -1,565.05% | 27.65% | 23.33% |
| EBT Margin (%) | - | - | - | - | - | - | -1,565.5% | 26.37% | 20% |
| Net margin (%) | - | - | - | - | - | - | -1,564.48% | 29.05% | 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 | -9.963 | 0.15 | 0.14 |
| Change | - | - | - | - | - | - | 59.48% | 101.51% | -6.67% |
| Nbr of stocks (in thousands) | - | - | - | - | - | 85,068 | 73,847 | 73,847 | 73,847 |
| Announcement Date | - | - | - | - | - | 11/12/25 | - | - | - |
1USD
Estimates
| 2026 * | 2027 * | |
|---|---|---|
| P/E | -0.52x | 34.3x |
| PBR | - | - |
| EV / Sales | 6.68x | 7.3x |
| Yield | - | - |
EPS & Dividend
Y-o-Y evolution of P/E
Sell
Buy

Mean consensus
BUY
Number of Analysts
3
Last Close Price
5.140USD
Average target price
7.833USD
Spread / Average Target
+52.40%
Quarterly revenue - Rate of surprise
- Stock Market
- Stocks
- FWDI Stock
- Financials Forward Industries, Inc.
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