Forward Industries Valuation

Is FORD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FORD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FORD ($3.95) is trading above our estimate of fair value ($1.76)

Significantly Below Fair Value: FORD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FORD?

Key metric: As FORD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for FORD. This is calculated by dividing FORD's market cap by their current revenue.
What is FORD's PS Ratio?
PS Ratio	0.1x
Sales	US$31.36m
Market Cap	US$4.40m

FORD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.2x
Enterprise Value/EBITDA	-7.3x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does FORD's PS Ratio compare to its peers?

The above table shows the PS ratio for FORD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	5.8x
CTHR Charles & Colvard	0.2x	n/a	US$3.9m
SITS Southern ITS International	21.6x	n/a	US$6.3m
MGOL MGO Global	1.4x	n/a	US$6.3m
TBLT ToughBuilt Industries	0.02x	n/a	US$2.1m
FORD Forward Industries	0.1x	n/a	US$4.4m

Price-To-Sales vs Peers: FORD is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (5.8x).

Price to Sales Ratio vs Industry

How does FORD's PS Ratio compare vs other companies in the US Luxury Industry?

8 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	0.8x	6.0%
FORD Forward Industries	0.1x	n/a	US$4.40m
UFI Unifi	0.2x	8.5%	US$102.30m
FOSL Fossil Group	0.06x	n/a	US$69.15m

8 Companies		Estimated Growth	Market Cap
Industry Avg.	0.8x	13.6%
FORD Forward Industries	0.1x	n/a	US$4.40m

No more companies

Price-To-Sales vs Industry: FORD is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Luxury industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is FORD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FORD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.1x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FORD's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.