Forward Industries, Inc. Financial Ratios — FORD Stock

Profitability (USD)

	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024

Return on Common Equity (%)	-24.64	-63.79	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	-6.88	-12.4	-48.94	-1.29	-5.06	-9.77	4.82	4.54	8.52	-20.41	-10.02	2.67	-6.76	-19.5	-12.13
Return on Capital (%)	- -	- -	- -	2.99	- -	- -	-6.13	-6.23	- -	- -	- -	-11.4	15.9	32.91	- -
Return on Invested Capital (%)	- -	- -	- -	6.91	- -	- -	7.96	7	- -	- -	- -	-5.78	5.19	1.73	- -
Gross Margin (%)	22.28	22.32	13.23	20.63	19.65	19.3	18.49	16.93	19.04	17.59	19.25	20.85	23.03	22.8	20.56
EBITDA Margin (%)	-7.99	-9.07	-10.75	2.53	-0.1	-4.86	2.44	2.51	1.42	-7.45	-2.02	-1.12	2.35	1.3	-4.64
Operating Margin (%)	-8.27	-9.4	-11.1	2.28	-0.3	-5.04	2.25	2.42	0.76	-8.28	-2.81	-1.96	1.54	0.44	-5.74
Incremental Operating Margin (%)	- -	- -	- -	263.32	- -	- -	-84.04	0.68	-3.47	- -	- -	- -	-166.06	28.24	- -
Pretax Margin (%)	-8.22	-9.14	-11.22	0.02	-1.42	-5.44	2.21	2.34	1.83	-9.65	-5.12	1.34	1.18	0.49	-6.37
Profit Margin (%)	-8.87	-12.74	-32.77	-0.67	-2.4	-4.78	2.21	2.34	4	-9.63	-5.15	1.34	-3.61	-10.18	-6.46
Net Income to Common Margin (%)	-8.87	-12.74	-32.77	-2.44	-2.98	-6.36	2.21	2.34	4	-9.63	-5.15	1.34	-3.61	-10.18	-6.46
Effective Tax Rate (%)	- -	- -	- -	8.53	- -	- -	- -	- -	- -	- -	- -	- -	0.56	11.2	- -
Dvd Payout Ratio (%)	- -	- -	- -	98.32	17.49	21.55	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	-24.64	-63.79	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024

Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	2	3	8	5	5	4	3
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	2	3	4	- -	- -	- -	1
LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	5	5	4	2
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	4.7	-1.08	-11.16	-12.56	5.6	9.15	-2.45
Net Debt/EBITDA	12.17	7.22	1.46	-8.47	189.42	2.77	-7.11	-7.45	-4.49	0.05	-1.71	-0.43	-1.31	-4.37	1.73
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	8.81	-0.98	-8.03	-7.19	8.54	27.24	-1.98
Net Debt/EBIT	11.76	6.97	1.41	-9.37	65.64	2.67	-7.72	-7.72	-8.42	0.04	-1.23	-0.25	-2	-13.03	1.4
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	4.23	-13.86	-3.97	-2.55	7.27	4.56	-22.34
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	3.75	-14.02	-4.37	-2.94	5.9	3.26	-23.38
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	2.26	-15.41	-5.53	-4.45	4.77	1.53	-27.65
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	24.45	13.91	-38.2	-48.48	-49.97	-79.78	-77.34	-68.47	-39.63	-69.74	-67.14	-62.81	-66.14	-101.66	-132.89
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	1.07	0.34	59.27	69.31	74.2	150.36	81.89
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	-2.22	-0.32	-74.56	-74	-52.71	-29.52	-17.36
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.62	0.16	20.16	25.98	22.21	22.63	16.45
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.68	39.18	117.93	73.88	80.23	166.26	115.73
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	-43.1	-36.83	-148.34	-78.88	-56.99	-32.64	-24.54
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.94	18.77	40.11	27.7	24.01	25.02	23.25
Net Debt to Equity	-87.1	-79.82	-50.16	-70.44	-70.51	-55.12	-58.24	-51.77	-19.78	-1.79	18.06	2.55	-18.76	-79.52	-81.65
Net Debt/Capital (%)	148.08	126.21	41.35	47.59	43.89	28.39	33.18	33.92	22.64	1.22	-14.57	-2.26	10.31	12.6	14.24
EBITDA	-2	-2	-3	1	- -	-1	1	1	- -	-3	-1	- -	1	- -	-1
EBITDA-CapEx	-2	-2	-3	1	- -	-1	1	1	- -	-3	-1	-1	1	- -	-1
Operating Income (Loss)	-2	-2	-3	1	- -	-2	1	1	- -	-3	-1	-1	1	- -	-2

Liquidity (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024

Cash Ratio	5.56	4.17	0.63	1.62	1.17	0.76	1.14	1.1	0.57	0.37	0.33	0.2	0.26	0.29	0.32
Current Ratio	7.33	6.11	2.14	3.12	2.55	2.38	2.96	3.13	2	1.43	1.38	1.78	1.44	1.05	1.03
Quick Ratio	6.95	5.26	1.59	2.54	2.12	1.78	2.31	2.59	1.76	1.18	1.19	1.41	1.01	0.94	0.93
CFO/Avg Current Liab	-0.64	-0.52	-1.88	0.35	0.04	-0.34	0.16	-0.03	0.16	-0.25	-0.03	-0.07	0.18	0.1	0.04
Common Equity/Total Assets	24.45	13.91	-38.2	-48.48	-49.97	-79.78	-77.34	-68.47	-39.63	-69.74	-67.14	-62.81	-66.14	-101.66	-132.89
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	1.07	0.34	59.27	69.31	74.2	150.36	81.89
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	-2.22	-0.32	-74.56	-74	-52.71	-29.52	-17.36
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	0.62	0.16	20.16	25.98	22.21	22.63	16.45
Total Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	20.68	39.18	117.93	73.88	80.23	166.26	115.73
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	-43.1	-36.83	-148.34	-78.88	-56.99	-32.64	-24.54
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	- -	- -	- -	11.94	18.77	40.11	27.7	24.01	25.02	23.25
CFO/Total Liabilities	-50.85	-50.12	-136.13	39.93	3.18	-37.13	18.2	-3.26	11.77	-23.5	-2.06	-4.26	10.46	7.05	3.45
CFO/CapEx	-197.34	-6.48	-148.85	30.33	7	-60.92	15.97	- -	17.12	-59.44	-3.84	-7.86	9.05	7.65	6.25
Altman's Z-Score	12.68	7.98	2.61	5.56	3.78	4.01	5.69	4.93	3.2	1.89	1.69	2.68	1.98	1.2	-0.01

Working Capital (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024

Accounts Receivable Turnover	4.82	5.35	5.15	5.19	6.35	5.18	5.33	4.47	4.53	4.76	4.82	4.77	4.69	5.06	4.76
Days Sales Outstanding	75.71	68.27	70.93	70.35	57.48	70.41	68.53	81.67	80.63	76.69	75.68	76.53	77.88	72.18	76.6
Inventory Turnover	17.34	17.25	11.61	9.03	12.11	9.24	8.24	8.77	15.14	19.4	19.3	18.51	21.68	57.5	58.19
Days Inventory Outstanding	21.05	21.16	31.44	40.4	30.13	39.49	44.32	41.64	24.11	18.81	18.91	19.72	16.84	6.35	6.27
Accounts Payable Turnover	7.1	6.76	6.39	4.95	13.23	62.61	239.07	310.78	137.82	95.65	107.35	107.55	84.81	71.17	74.52
Accounts Payable Turnover Days	51.41	54.01	57.11	73.7	27.58	5.83	1.53	1.17	2.65	3.82	3.4	3.39	4.3	5.13	4.9
Cash Conversion Cycle	45.35	35.42	45.26	37.06	60.03	104.07	111.32	122.14	102.1	91.68	91.19	92.86	90.41	73.4	77.98
Inventory to Cash Days	54.66	47.11	39.49	29.95	27.35	30.91	24.21	40.04	56.53	57.88	56.77	56.8	61.04	65.84	70.33
Inventories	1	1	3	2	2	3	3	2	2	2	1	2	1	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	4	- -	- -
Other Inventory	1	1	3	2	2	3	3	2	2	2	1	- -	-3	- -	- -

Enterprise Value (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024

Market Capitalization	60	36	19	30	22	23	25	21	14	9	13	24	13	8	4
- Cash & Cash Equivalents	18	15	5	7	6	4	5	5	4	3	3	1	3	3	3
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	- -	- -	2	3	8	5	5	4	3
Enterprise Value	41	21	14	23	14	19	21	17	12	9	18	28	16	9	7
Total Capital	6	3	-7	-7	-8	-10	-10	-9	-5	-8	-5	-7	-9	-13	-14
Total Debt/Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	-43.1	-36.83	-148.34	-78.88	-56.99	-32.64	-24.54
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	0.19	0.33	0.43	0.2	0.32	0.49	0.51
EV/Sales	2.16	0.94	0.47	0.73	0.43	0.62	0.75	0.68	0.35	0.25	0.53	0.71	0.41	0.24	0.22
EV/EBITDA	- -	- -	- -	28.99	- -	- -	30.81	27.11	24.75	- -	- -	- -	17.64	18.54	- -
EV/EBIT	- -	- -	- -	32.07	- -	- -	33.44	28.12	46.42	- -	- -	- -	26.91	55.22	- -
EV/Cash Flow to Firm	- -	- -	- -	10.06	60.77	- -	26.86	- -	10.01	- -	- -	- -	9.55	7.78	14.28
EV/Free Cash Flow to Firm	- -	- -	- -	9.74	53.18	- -	25.27	- -	9.57	- -	- -	- -	8.67	6.94	12.54
Diluted Market Cap	60	36	19	30	22	23	26	22	14	9	13	25	14	8	4
Diluted Enterprise Value	41	21	14	24	15	19	21	17	12	9	18	29	16	9	7
EV per Share	51.46	26.55	17.19	27.91	17.4	22.25	24.21	19.28	13.06	9.62	18.95	28.01	15.74	8.76	6.1
TTM Sales	19	23	29	31	33	30	27	25	34	37	34	39	38	37	30
TTM EBITDA	-2	-2	-3	1	- -	-1	1	1	- -	-3	-1	- -	1	- -	-1
TTM Operating Income	-2	-2	-3	1	- -	-2	1	1	- -	-3	-1	-1	1	- -	-2
TTM Cash Flow to Firm	-2	-2	-11	2	- -	-2	1	- -	1	-2	- -	- -	2	1	- -
TTM Free Cash Flow to Firm	-2	-2	-11	2	- -	-2	1	- -	1	-2	- -	- -	2	1	1

Multiples (USD)

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	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
As of date	09/30/2010	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024

Price/Free Cash Flow	-35.41	-23.98	-1.77	13.05	81.27	-11.37	31.67	-157.56	14.14	-4.77	-68.49	-54.13	7.96	6.5	8.7
EV/EBIT	- -	- -	- -	32.07	- -	- -	33.44	28.12	46.42	- -	- -	- -	26.91	55.22	- -
Enterprise Value	41	21	14	23	14	19	21	17	12	9	18	28	16	9	7
Low Price	33.8	40.2	20.4	21.6	23	11.6	20.4	20.4	13.5	7.82	8.45	13.8	10.6	7.6	3.1
EV/Sales	2.16	0.94	0.47	0.73	0.43	0.62	0.75	0.68	0.35	0.25	0.53	0.71	0.41	0.24	0.22
EV/EBITDA	- -	- -	- -	28.99	- -	- -	30.81	27.11	24.75	- -	- -	- -	17.64	18.54	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	41.86	37.03	10.28	- -	- -	45.4	- -	- -	- -
Price/Earnings Average	-28.08	-18.89	-3.15	-37.38	-25.24	-8.5	38.7	35.3	12.87	-3.6	-6.32	48.23	-12.31	-2.89	-3.26
Price/Earnings High	-53.07	-25.57	-5.45	-46.7	-34.62	-34.08	59.28	49.71	29.89	-4.5	-14.63	109.17	-17.95	-4.04	-4.68
Price/Earnings Low	-16.02	-11.2	-1.72	-23.24	-18.96	-5.07	28.66	30.73	9.07	-2.07	-4.56	26.21	-7.74	-2.05	-1.75
Price/Book Value	9.93	11.74	-2.9	-4.16	-2.63	-2.22	-2.65	-2.38	-1.86	-0.82	-1.02	-1.91	-0.97	-0.43	-0.21
Price/Book Value Average	7.89	17.69	-4.64	-3.87	-3.03	-1.59	-2.45	-2.27	-2.33	-1.15	-0.86	-2.03	-1.23	-0.61	-0.32
Price/Book Value High	14.91	23.95	-8.03	-4.83	-4.15	-6.38	-3.75	-3.2	-5.41	-1.44	-2	-4.59	-1.79	-0.85	-0.47
Price/Book Value Low	4.5	10.49	-2.53	-2.4	-2.27	-0.95	-1.81	-1.98	-1.64	-0.66	-0.62	-1.1	-0.77	-0.43	-0.17
Price/Tangible Book Value	2.81	1.95	2.06	3.23	2.37	3.08	3.11	2.4	1.89	2.16	4.04	5.45	3.93	-215.87	-2.79
Price/Tangible Book Value Average	2.23	2.93	3.3	3	2.73	2.21	2.87	2.29	2.36	3.03	3.41	5.79	4.99	-304.78	-4.32
Price/Tangible Book Value High	4.22	3.97	5.71	3.75	3.74	8.87	4.4	3.22	5.49	3.79	7.89	13.1	7.27	-426.07	-6.2
Price/Tangible Book Value Low	1.27	1.74	1.8	1.86	2.05	1.32	2.13	1.99	1.67	1.74	2.46	3.15	3.14	-215.87	-2.32
Price/Sales	3.13	1.6	0.64	0.98	0.65	0.75	0.92	0.87	0.41	0.25	0.39	0.61	0.35	0.21	0.14
Price/Sales Average	2.49	2.41	1.03	0.91	0.75	0.54	0.85	0.83	0.51	0.35	0.33	0.65	0.44	0.29	0.21
Price/Sales High	4.71	3.26	1.79	1.14	1.03	2.17	1.31	1.16	1.2	0.43	0.75	1.47	0.65	0.41	0.3
Price/Sales Low	1.42	1.43	0.56	0.57	0.56	0.32	0.63	0.72	0.36	0.2	0.23	0.35	0.28	0.21	0.11
Price/Cash Flow	-35.23	-20.28	-1.76	13.48	92.88	-11.18	33.05	-155.86	14.82	-4.69	-50.66	-45.01	8.72	7.35	10.09
Price/Cash Flow Average	-27.99	-30.56	-2.81	12.52	106.9	-8.02	30.56	-148.59	18.56	-6.58	-42.68	-47.82	11.05	10.37	15.62
Price/Cash Flow High	-52.89	-41.37	-4.87	15.64	146.65	-32.18	46.8	-209.24	43.1	-8.23	-98.77	-108.24	16.12	14.5	22.42
Price/Cash Flow Low	-15.96	-18.12	-1.53	7.79	80.31	-4.79	22.63	-129.35	13.08	-3.78	-30.8	-25.99	6.95	7.35	8.38
Price/Free Cash Flow Average	-28.13	-36.13	-2.83	12.12	93.54	-8.16	29.28	-150.22	17.7	-6.69	-57.7	-57.5	10.09	9.17	13.46
Price/Free Cash Flow High	-53.16	-48.92	-4.9	15.14	128.32	-32.72	44.84	-211.54	41.12	-8.37	-133.53	-130.16	14.72	12.82	19.33
Price/Free Cash Flow Low	-16.04	-21.42	-1.54	7.54	70.27	-4.87	21.68	-130.77	12.47	-3.85	-41.64	-31.25	6.34	6.5	7.23
EV/Sales Average	1.52	1.75	0.88	0.7	0.56	0.41	0.68	0.64	0.45	0.34	0.47	0.75	0.51	0.33	0.3
EV/Sales High	3.73	2.6	1.63	0.92	0.84	2.03	1.14	0.98	1.13	0.43	0.89	1.57	0.71	0.44	0.39
EV/Sales Low	0.45	0.77	0.41	0.35	0.37	0.19	0.46	0.53	0.3	0.2	0.38	0.46	0.34	0.24	0.2
EV/EBITDA Average	-19.01	-19.31	-8.15	27.61	-543.56	-8.35	27.94	25.5	32.06	-4.63	-23.1	-67.06	21.63	25.16	-6.41
EV/EBITDA High	-46.76	-28.69	-15.16	36.6	-816.14	-41.82	46.59	38.94	80.09	-5.79	-44.3	-139.98	30.29	34.19	-8.39
EV/EBITDA Low	-5.61	-8.51	-3.77	13.96	-361.25	-3.86	18.85	21.23	21.34	-2.65	-18.6	-40.71	14.61	18.54	-4.3
EV/EBIT Average	-18.36	-18.64	-7.89	30.55	-188.36	-8.05	30.33	26.45	60.13	-4.16	-16.6	-38.37	33	74.94	-5.18
EV/EBIT High	-45.16	-27.69	-14.67	40.5	-282.82	-40.35	50.57	40.4	150.21	-5.21	-31.85	-80.09	46.21	101.85	-6.78
EV/EBIT Low	-5.42	-8.21	-3.65	15.45	-125.18	-3.73	20.46	22.02	40.03	-2.38	-13.37	-23.29	22.29	55.22	-3.48
Last Price	74.6	45	23.4	37.4	26.6	27.1	29.8	24.58	15.3	9.7	13.9	23.9	13.3	7.6	3.73
High Price	112	91.8	64.8	43.4	42	78	42.2	33	44.5	17	27.1	57.47	24.59	15	8.29
Enterprise Value Average	29	40	26	22	19	12	19	16	16	13	16	29	19	12	9
Enterprise Value High	71	59	48	29	28	61	31	24	39	16	31	61	27	16	12
Enterprise Value Low	9	18	12	11	12	6	13	13	10	7	13	18	13	9	6

Shares Outstanding	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Diluted Weighted Avg Shares	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Basic Weighted Avg Shares	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Revenue per Share	23.8	28.17	36.29	38.11	40.75	35.98	32.25	28.38	37.24	39.25	35.98	39.22	37.97	36.47	27.42
EBITDA per Share	-1.9	-2.56	-3.9	0.96	-0.04	-1.75	0.79	0.71	0.53	-2.92	-0.73	-0.44	0.89	0.47	-1.27
Operating Income per Share	-1.97	-2.65	-4.03	0.87	-0.12	-1.81	0.72	0.69	0.28	-3.25	-1.01	-0.77	0.58	0.16	-1.57
Basic EPS, GAAP	-2.11	-3.59	-11.89	-0.93	-1.21	-2.29	0.71	0.66	1.49	-3.78	-1.85	0.53	-1.37	-3.71	-1.77
Basic EPS from Cont Ops	-2.11	-2.51	-4.09	0.01	-0.58	-1.96	0.71	0.66	1.49	-3.78	-1.85	0.53	0.45	0.16	-1.77
Diluted EPS, GAAP	-2.11	-3.59	-11.89	-0.93	-1.21	-2.29	0.7	0.66	1.47	-3.78	-1.85	0.5	-1.35	-3.71	-1.77
Diluted EPS from Cont Ops	-2.11	-2.51	-4.09	0.01	-0.58	-1.96	0.7	0.66	1.47	-3.78	-1.85	0.5	0.44	0.16	-1.77
Dividend per Share	- -	- -	- -	0.02	0.09	0.03	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-2.12	-2.22	-13.31	2.77	0.29	-2.42	0.9	-0.16	1.03	-2.07	-0.27	-0.53	1.53	1.03	0.37
Free Cash Flow per Basic Share	-2.13	-2.56	-13.4	2.68	0.25	-2.46	0.85	-0.16	0.97	-2.1	-0.35	-0.6	1.36	0.9	0.31
Cash & Equivalents per Share	23.14	18.45	6.21	9.49	9.2	4.85	5.59	5.3	4.72	3.24	3.05	1.42	2.56	3.16	2.75
Book Value per Share	7.51	3.83	-8.07	-8.98	-10.11	-12.22	-11.25	-10.32	-8.23	-11.78	-13.56	-12.53	-13.77	-17.57	-17.82
Tangible Book Value per Share	26.56	23.12	11.34	11.58	11.22	8.79	9.59	10.23	8.1	4.49	3.44	4.39	3.38	-0.04	-1.34

Forward Industries, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)