BitGo Holdings, Inc. (BTGO) vs Forward Industries, Inc. (FWDI)

BitGo Holdings, Inc. and Forward Industries, Inc. are both Capital Markets companies. BitGo Holdings, Inc. is the larger, with a market value of $559.5M against $434.8M — 1.3× the size. BitGo Holdings, Inc. has the higher net margin (−0.39% vs −2,073.8%) and the higher return on invested capital (0.00% vs −127.6%). Across the 14 metrics below, BitGo Holdings, Inc. leads on 12 and Forward Industries, Inc. on 2.

Valuation

Metric BTGO FWDI Capital Markets median
P/E n/m n/m 14.35
P/S 0.03 9.40 2.07
P/B n/m 1.05 1.36
Price to free cash flow n/m n/m 9.28
EV/EBITDA — n/m —
EV/Sales — 11.07 —
Earnings yield (8.28%) (547.78%) (8.28%)
Free cash flow yield (11.68%) (193.75%) (1.12%)

Profitability

Metric BTGO FWDI Capital Markets median
Gross margin 37.64% 70.56% 68.15%
Operating margin 36.69% (1,771.61%) 0.00%
Net margin (0.39%) (2,073.82%) (0.34%)
Free cash flow margin (0.39%) (1,821.29%) 0.00%
Return on equity 0.00% (466.18%) 0.00%
Return on assets (2.13%) (360.71%) 0.00%
Return on invested capital 0.00% (127.61%) 0.00%

Growth

Metric BTGO FWDI Capital Markets median
Revenue growth (TTM) — 309.45% 19.72%
EPS growth (last fiscal year) (142.22%) (1,289.27%) 16.79%
Revenue growth, 5-year CAGR — (12.01%) 17.41%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BTGO FWDI Capital Markets median
Debt to equity 1.75 0.00 0.07
Current ratio 1.07 0.17 1.51
Net debt to EBITDA (329.19) 6.33 (0.03)

Dividend

Metric BTGO FWDI Capital Markets median
Dividend yield — — 1.58%
Payout ratio — — 0.19

Size

Metric BTGO FWDI Capital Markets median
Market cap 559.52m 434.84m 527.01m

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