FORD
Forward Industries, Inc. (FORD)
Last Price$3.92.6%
Market Cap$4,294.2K
DCF value
$79.9
Undervalued (DCF value)
1,938.4%
Discount Rate
4.7%
Long-Term Growth Rate
2.5%
Stock quality
4/10
Good

FORD DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Sep'20 ActualSep'21 ActualSep'22 ActualSep'23 ActualSep'24 ActualSep'25 EstimateSep'26 EstimateSep'27 EstimateSep'28 EstimateSep'29 EstimateSep'30 EstimateSep'31 EstimateSep'32 EstimateSep'33 EstimateSep'34 EstimateSep'35 Terminal
% growth
34.5
(7.8%)
39.0
13.2%
42.3
8.5%
36.7
(13.3%)
29.6
(19.3%)
34.1
15.2%
39.5
15.8%
45.1
14.3%
50.9
12.8%
56.7
11.3%
62.3
9.9%
67.5
8.4%
72.2
6.9%
76.1
5.4%
79.1
4.0%
81.1
2.5%
(1.0)
(2.8%)
(0.8)
(2.0%)
(1.2)
(2.9%)
0.2
0.4%
(1.9)
(6.5%)
(0.7)
(2.1%)
(0.8)
(2.1%)
(1.0)
(2.1%)
(1.1)
(2.1%)
(1.2)
(2.1%)
(1.3)
(2.1%)
(1.4)
(2.1%)
(1.5)
(2.1%)
(1.6)
(2.1%)
(1.7)
(2.1%)
(1.7)
(2.1%)
NOPAT
% effective tax rate
(1.0)
(2.8%)
(1.0)
(2.6%)
(1.2)
(2.9%)
0.1
0.4%
(2.0)
(6.6%)
(0.7)
(2.2%)
(0.9)
(2.2%)
(1.0)
(2.2%)
(1.1)
(2.2%)
(1.2)
(2.2%)
(1.3)
(2.2%)
(1.5)
(2.2%)
(1.6)
(2.2%)
(1.6)
(2.2%)
(1.7)
(2.2%)
(1.8)
(2.2%)
% of revenue
0.3
0.8%
0.3
0.8%
0.3
0.7%
0.3
0.9%
0.3
1.1%
0.3
0.9%
0.4
0.9%
0.4
0.9%
0.5
0.9%
0.5
0.9%
0.6
0.9%
0.6
0.9%
0.7
0.9%
0.7
0.9%
0.7
0.9%
0.7
0.9%
% of revenue
(0.1)
(0.2%)
(0.1)
(0.2%)
(0.2)
(0.4%)
(0.1)
(0.4%)
(0.1)
(0.2%)
(0.1)
(0.3%)
(0.1)
(0.3%)
(0.1)
(0.3%)
(0.2)
(0.3%)
(0.2)
(0.3%)
(0.2)
(0.3%)
(0.2)
(0.3%)
(0.2)
(0.3%)
(0.3)
(0.3%)
(0.3)
(0.3%)
(0.3)
(0.3%)
0.1
0.2%
(0.6)
(1.5%)
2.1
5.0%
4.4
11.9%
1.7
5.8%
2.6
7.6%
3.0
7.6%
3.4
7.6%
3.9
7.6%
4.3
7.6%
4.7
7.6%
5.1
7.6%
5.5
7.6%
5.8
7.6%
6.0
7.6%
6.1
7.6%
Free Cash Flow to Firm (FCFF)
% of revenue
(0.7)
(2.0%)
(1.3)
(3.4%)
1.0
2.4%
4.7
12.8%
0.0
0.1%
2.0
6.0%
2.4
6.0%
2.7
6.0%
3.0
6.0%
3.4
6.0%
3.7
6.0%
4.0
6.0%
4.3
6.0%
4.5
6.0%
4.7
6.0%
4.8
6.0%
% of FCFF used in calculation
55.6%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.98
0.93
0.89
0.85
0.81
0.78
0.74
0.71
0.68
0.65
Discounted FCFF (DFCFF)
1.1
2.2
2.4
2.6
2.8
2.9
3.0
3.1
3.1
3.1

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FORD DCF Value

DCF Value Calculation

as of Mar 11, 2025
Sum of DFCFF
% share of EV
26.2M
30.0%
Terminal Value (TV)
94.2M
Discounted TV
% share of EV
61.1M
70.0%
Total Debt
2,833.8K
Shares outstanding
1,095.5K
FX rate
1.0
1938.4% undervalued

Equity Value Bridge

FORD DCF Financials

Revenue
$29.6M -> $79.1M 10.3% CAGR
Operating Income
($1,932.5K) -> ($1,694.0K) (1.3%) CAGR
FCFF
$16.2K -> $4,730.6K 76.5% CAGR

FORD DCF sensitivity

DCF value
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
4.0%
$83.0
$83.0
$83.0
$83.0
$83.0
4.5%
$81.0
$81.0
$81.0
$81.0
$81.0
4.7%
$80.0
$80.0
$80.0
$80.0
$80.0
5.5%
$76.0
$76.0
$76.0
$76.0
$76.0
6.0%
$75.0
$75.0
$75.0
$75.0
$75.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
1.5%
2.0%
2.5%
3.0%
3.5%
WACC
4.0%
2,017.0%
2,017.0%
2,017.0%
2,017.0%
2,017.0%
4.5%
1,966.0%
1,966.0%
1,966.0%
1,966.0%
1,966.0%
4.7%
1,941.0%
1,941.0%
1,941.0%
1,941.0%
1,941.0%
5.5%
1,839.0%
1,839.0%
1,839.0%
1,839.0%
1,839.0%
6.0%
1,813.0%
1,813.0%
1,813.0%
1,813.0%
1,813.0%

Explore more intrinsic value tools hub for FORD

FAQ

What is Forward Industries, Inc. DCF (discounted cash flow) valuation?

As of Mar 11, 2025, Forward Industries, Inc.'s Discounted Cash Flow (DCF) valuation estimates its share price at $79.9. This suggests it may be undervalued by 1,938.4% compared to its current price of around $3.9, using a WACC of 4.7% and growth rates of 2.5%.

What is Forward Industries, Inc. WACC?

As of Mar 11, 2025, Forward Industries, Inc.'s Weighted Average Cost of Capital (WACC) is approximately 4.7%.

What is Forward Industries, Inc. Enterprise Value?

As of Mar 11, 2025, Forward Industries, Inc.'s Enterprise Value (EV) is approximately $87.3M. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.