Added to YB: 2025-07-01
Pitch date: 2025-06-28
FORD [bullish]
Forward Industries, Inc.
+313.09%
current return
Author Info
The Wallaby Report explores off-the-beaten-path public equities every Tuesday and Thursday. Sign up for the newsletter.
Company Info
Forward Industries, Inc., together with its subsidiaries, designs, manufactures, sources, markets, and distributes carry and protective solutions.
Market Cap
$7.2M
Pitch Price
$6.19
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.60
P/E
-1.91
EV/Sales
0.49
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
Forward Industries: Operating Leverage Poised to Lift Valuation
FORD: Restructured from pouch vendor to design-engineering firm with med-tech/IoT focus. Exited low-margin businesses, refreshed leadership, fixed balance sheet (extinguished $4.1M debt, secured $35M ELOC). $5M incremental revenue at 30% margin could erase $2M annual loss. Trades at 0.3x revenue vs peers at 2x+. Asymmetric upside with takeout potential.
Read full article (3 min)