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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash-to-Debt No Debt
FORD's Cash-to-Debt is ranked higher than
99% of the 728 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.42 vs. FORD: No Debt )
Ranked among companies with meaningful Cash-to-Debt only.
FORD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03  Med: No Debt Max: No Debt
Current: No Debt
Equity-to-Asset 0.74
FORD's Equity-to-Asset is ranked higher than
64% of the 717 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 0.59 vs. FORD: 0.74 )
Ranked among companies with meaningful Equity-to-Asset only.
FORD' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15  Med: 0.68 Max: 0.93
Current: 0.74
0.15
0.93
Interest Coverage No Debt
FORD's Interest Coverage is ranked higher than
100% of the 625 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 38.53 vs. FORD: No Debt )
Ranked among companies with meaningful Interest Coverage only.
FORD' s Interest Coverage Range Over the Past 10 Years
Min: No Debt  Med: No Debt Max: No Debt
Current: No Debt
Piotroski F-Score: 5
Altman Z-Score: 3.93
Beneish M-Score: -2.64
WACC vs ROIC
-12.41%
3.48%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 0.55
FORD's Operating Margin % is ranked lower than
69% of the 727 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 5.31 vs. FORD: 0.55 )
Ranked among companies with meaningful Operating Margin % only.
FORD' s Operating Margin % Range Over the Past 10 Years
Min: -11.1  Med: -7.97 Max: 2.28
Current: 0.55
-11.1
2.28
Net Margin % 0.54
FORD's Net Margin % is ranked lower than
63% of the 728 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 3.73 vs. FORD: 0.54 )
Ranked among companies with meaningful Net Margin % only.
FORD' s Net Margin % Range Over the Past 10 Years
Min: -32.77  Med: -4.62 Max: 2.21
Current: 0.54
-32.77
2.21
ROE % 1.62
FORD's ROE % is ranked lower than
53% of the 719 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 7.40 vs. FORD: 1.62 )
Ranked among companies with meaningful ROE % only.
FORD' s ROE % Range Over the Past 10 Years
Min: -69.13  Med: -7.92 Max: 7.83
Current: 1.62
-69.13
7.83
ROA % 1.06
FORD's ROA % is ranked higher than
52% of the 732 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 3.78 vs. FORD: 1.06 )
Ranked among companies with meaningful ROA % only.
FORD' s ROA % Range Over the Past 10 Years
Min: -48.94  Med: -5.29 Max: 4.82
Current: 1.06
-48.94
4.82
ROC (Joel Greenblatt) % 3.45
FORD's ROC (Joel Greenblatt) % is ranked lower than
51% of the 730 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 13.97 vs. FORD: 3.45 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
FORD' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -83.69  Med: -45.8 Max: 21.24
Current: 3.45
-83.69
21.24
3-Year Revenue Growth Rate -6.00
FORD's 3-Year Revenue Growth Rate is ranked lower than
77% of the 617 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 2.10 vs. FORD: -6.00 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
FORD' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -34.6  Med: -3.2 Max: 35.1
Current: -6
-34.6
35.1
3-Year EBITDA Growth Rate -7.10
FORD's 3-Year EBITDA Growth Rate is ranked lower than
74% of the 506 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 5.30 vs. FORD: -7.10 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
FORD' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -75  Med: -4.8 Max: 239.1
Current: -7.1
-75
239.1
GuruFocus has detected 1 Warning Sign with Forward Industries Inc $FORD.
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» FORD's 30-Y Financials

Financials (Next Earnings Date: 2017-08-12 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

FORD Guru Trades in Q2 2016

Jim Simons 592,400 sh (+0.63%)
» More
Q3 2016

FORD Guru Trades in Q3 2016

Jim Simons 604,000 sh (+1.96%)
» More
Q4 2016

FORD Guru Trades in Q4 2016

Jim Simons 621,800 sh (+2.95%)
» More
Q1 2017

FORD Guru Trades in Q1 2017

Jim Simons 628,200 sh (+1.03%)
» More
» Details

Insider Trades

Latest Guru Trades with FORD

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Manufacturing - Apparel & Furniture » Footwear & Accessories    NAICS: 316998    SIC: 3199
Compare:NAS:TLF, NAS:RCKY, OTCPK:KMSWF, NAS:WEYS, NAS:VRA, NAS:CROX, NAS:FOSL, NYSE:CAL, NYSE:DECK, NAS:SHOO, NYSE:WWW, NYSE:SKX, OTCPK:SMSOF, OTCPK:YUEIF, OTCPK:BELLY, NYSE:FL, OTCPK:PPRUY, OTCPK:ADDYY, NYSE:NKE » details
Headquarter Location:USA
Forward Industries Inc is engaged in the designing, marketing and distribution of protective solutions for hand held electronic devices. The Company's protective solutions include soft-sided carrying cases, bags, clips, hand straps and other accessories.

Forward Industries, Inc. was incorporated in 1961 under the laws of the State of New York. The Company designs, markets, and distributes carry and protective solutions primarily for hand held electronic devices, including medical monitoring and diagnostic kits, bar code scanners, GPS and location devices, cellular telephones, laptop computers, and MP3 players. The Company's technology solutions include soft-sided carrying cases, bags, clips, hand straps, protective plates and skins, and other accessories. It also designs, markets and distributes carry and protective solutions for other consumer products such as firearms, sporting and recreational products, and aeronautical products. The Company's customers are the original equipment manufacturers, or 'OEMs', of these electronic and other consumer products (or the contract manufacturing firms of these OEM customers) that either packages its carry solution products as accessories 'in box' together with their product offerings, or to a much lesser extent, sell them through their retail distribution channels. It does not manufacture any of the products that it designs, markets, and distributes. The Company's selling prices for these products also vary across a range, depending on the size and nature of the product for which the company design and sell the carry solution. It sources substantially all products it markets and distributes from independent suppliers in China.

Ratios

vs
industry
vs
history
PE Ratio 55.50
FORD's PE Ratio is ranked higher than
57% of the 545 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 18.62 vs. FORD: 55.50 )
Ranked among companies with meaningful PE Ratio only.
FORD' s PE Ratio Range Over the Past 10 Years
Min: 7.03  Med: 25.2 Max: 65
Current: 55.5
7.03
65
PE Ratio without NRI 55.50
FORD's PE Ratio without NRI is ranked higher than
57% of the 544 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 18.56 vs. FORD: 55.50 )
Ranked among companies with meaningful PE Ratio without NRI only.
FORD' s PE Ratio without NRI Range Over the Past 10 Years
Min: 7.03  Med: 25.2 Max: 65
Current: 55.5
7.03
65
Price-to-Owner-Earnings 69.38
FORD's Price-to-Owner-Earnings is ranked higher than
53% of the 347 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 17.01 vs. FORD: 69.38 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
FORD' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 5.2  Med: 19.75 Max: 472.5
Current: 69.38
5.2
472.5
PB Ratio 1.18
FORD's PB Ratio is ranked higher than
61% of the 714 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.74 vs. FORD: 1.18 )
Ranked among companies with meaningful PB Ratio only.
FORD' s PB Ratio Range Over the Past 10 Years
Min: 0.51  Med: 1.18 Max: 2.05
Current: 1.18
0.51
2.05
PS Ratio 0.40
FORD's PS Ratio is ranked higher than
80% of the 708 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 0.96 vs. FORD: 0.40 )
Ranked among companies with meaningful PS Ratio only.
FORD' s PS Ratio Range Over the Past 10 Years
Min: 0.16  Med: 0.7 Max: 2.58
Current: 0.4
0.16
2.58
Price-to-Free-Cash-Flow 24.66
FORD's Price-to-Free-Cash-Flow is ranked higher than
65% of the 303 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 15.51 vs. FORD: 24.66 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
FORD' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 4.3  Med: 13.75 Max: 162.33
Current: 24.66
4.3
162.33
Price-to-Operating-Cash-Flow 24.13
FORD's Price-to-Operating-Cash-Flow is ranked higher than
52% of the 375 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 11.50 vs. FORD: 24.13 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
FORD' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 4.21  Med: 13.38 Max: 162.33
Current: 24.13
4.21
162.33
EV-to-EBIT 45.14
FORD's EV-to-EBIT is ranked higher than
63% of the 723 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 14.44 vs. FORD: 45.14 )
Ranked among companies with meaningful EV-to-EBIT only.
FORD' s EV-to-EBIT Range Over the Past 10 Years
Min: -53.1  Med: 0.2 Max: 56.5
Current: 45.14
-53.1
56.5
EV-to-EBITDA 35.85
FORD's EV-to-EBITDA is ranked higher than
54% of the 758 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 11.39 vs. FORD: 35.85 )
Ranked among companies with meaningful EV-to-EBITDA only.
FORD' s EV-to-EBITDA Range Over the Past 10 Years
Min: -118.5  Med: 0.2 Max: 44.8
Current: 35.85
-118.5
44.8
Current Ratio 3.93
FORD's Current Ratio is ranked higher than
75% of the 647 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 2.03 vs. FORD: 3.93 )
Ranked among companies with meaningful Current Ratio only.
FORD' s Current Ratio Range Over the Past 10 Years
Min: 0.92  Med: 3.04 Max: 14.18
Current: 3.93
0.92
14.18
Quick Ratio 2.95
FORD's Quick Ratio is ranked higher than
83% of the 647 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.28 vs. FORD: 2.95 )
Ranked among companies with meaningful Quick Ratio only.
FORD' s Quick Ratio Range Over the Past 10 Years
Min: 0.56  Med: 2.61 Max: 13.72
Current: 2.95
0.56
13.72
Days Inventory 47.68
FORD's Days Inventory is ranked higher than
86% of the 687 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 105.78 vs. FORD: 47.68 )
Ranked among companies with meaningful Days Inventory only.
FORD' s Days Inventory Range Over the Past 10 Years
Min: 21.04  Med: 30.79 Max: 47.68
Current: 47.68
21.04
47.68
Days Sales Outstanding 66.08
FORD's Days Sales Outstanding is ranked lower than
75% of the 582 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 48.66 vs. FORD: 66.08 )
Ranked among companies with meaningful Days Sales Outstanding only.
FORD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.74  Med: 66.95 Max: 93.51
Current: 66.08
51.74
93.51
Days Payable 0.74
FORD's Days Payable is ranked lower than
98% of the 531 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 54.04 vs. FORD: 0.74 )
Ranked among companies with meaningful Days Payable only.
FORD' s Days Payable Range Over the Past 10 Years
Min: 0.74  Med: 49.28 Max: 84.94
Current: 0.74
0.74
84.94

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -2.70
FORD's 3-Year Average Share Buyback Ratio is ranked lower than
56% of the 354 Companies
in the Global Footwear & Accessories industry.

( Industry Median: -1.40 vs. FORD: -2.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
FORD' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -41.1  Med: -2.1 Max: 1.5
Current: -2.7
-41.1
1.5

Valuation & Return

vs
industry
vs
history
Price-to-Net-Cash 12.33
FORD's Price-to-Net-Cash is ranked lower than
99.99% of the 90 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 8.75 vs. FORD: 12.33 )
Ranked among companies with meaningful Price-to-Net-Cash only.
FORD' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0  Med: 3.02 Max: 92
Current: 12.33
0
92
Price-to-Net-Current-Asset-Value 1.18
FORD's Price-to-Net-Current-Asset-Value is ranked higher than
86% of the 463 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 5.07 vs. FORD: 1.18 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
FORD' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0  Med: 1.64 Max: 56.94
Current: 1.18
0
56.94
Price-to-Tangible-Book 1.18
FORD's Price-to-Tangible-Book is ranked higher than
64% of the 680 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.94 vs. FORD: 1.18 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
FORD' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.58  Med: 1.4 Max: 16.54
Current: 1.18
0.58
16.54
Price-to-Median-PS-Value 0.57
FORD's Price-to-Median-PS-Value is ranked higher than
94% of the 582 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.20 vs. FORD: 0.57 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
FORD' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0  Med: 1.01 Max: 4.78
Current: 0.57
0
4.78
Price-to-Graham-Number 1.71
FORD's Price-to-Graham-Number is ranked higher than
65% of the 444 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 1.36 vs. FORD: 1.71 )
Ranked among companies with meaningful Price-to-Graham-Number only.
FORD' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0  Med: 1.09 Max: 2.59
Current: 1.71
0
2.59
Earnings Yield (Greenblatt) % 2.21
FORD's Earnings Yield (Greenblatt) % is ranked higher than
70% of the 884 Companies
in the Global Footwear & Accessories industry.

( Industry Median: 5.38 vs. FORD: 2.21 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
FORD' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.8  Med: 14.65 Max: 47887.3
Current: 2.21
1.8
47887.3

More Statistics

Revenue (TTM) (Mil) $24.44
EPS (TTM) $ 0.02
Beta-2.44
Short Percentage of Float4.49%
52-Week Range $1.02 - 2.11
Shares Outstanding (Mil)8.78
» More Articles for FORD

Headlines

Articles On GuruFocus.com
U.S Stock Ends Mostly Lower Jul 28 2016 
Forward Industries Encourages Shareholders to Review Lack of Relevant Qualifications and Experience Dec 15 2014 
Forward Industries Issues Open Letter to Shareholders Reviewing Plans to Build Shareholder Value, 20 Nov 26 2014 
Stay Clear of General Motors Jul 28 2014 
Reflections from 20 Years of Investing (2001 to 2008) Pt. 1 Jun 28 2013 
How to Take Advantage of the January Effect Nov 29 2011 
Microcap Investing Series: The Use of Intelligent Speculation Apr 18 2011 
Forward Industries Inc. Reports Operating Results (10-Q) Feb 09 2011 
Forward Industries Inc. Reports Operating Results (10-Q) Aug 10 2010 
Forward Industries Inc. (FORD) CEO Douglas Sabra sells 48,334 Shares May 26 2010 

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