Designer Brands Inc. (DBI) vs Forward Industries, Inc. (FWDI)

Designer Brands Inc. and Forward Industries, Inc. are both Footwear & Accessories companies. Forward Industries, Inc. is the larger, with a market value of $545.5M against $328.2M — 1.7× the size. Forward Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Designer Brands Inc. trades at 22.1×. Forward Industries, Inc. grew revenue faster over the last twelve months: 309.5% against −0.84%. Designer Brands Inc. has the higher net margin (0.61% vs −2,073.8%) and the higher return on invested capital (9.58% vs −127.6%). Across the 18 metrics below, Designer Brands Inc. leads on 15 and Forward Industries, Inc. on 3.

Valuation

Metric DBI FWDI Footwear & Accessories median
P/E 22.11 n/m 15.57
P/S 0.11 11.28 1.19
P/B 1.05 1.26 2.63
Price to free cash flow n/m n/m 12.70
EV/EBITDA 4.27 n/m 9.67
EV/Sales 0.24 11.07 1.35
Earnings yield 4.52% (456.62%) 5.97%
Free cash flow yield (27.04%) (161.50%) 4.78%

Profitability

Metric DBI FWDI Footwear & Accessories median
Gross margin 45.77% 70.56% 49.76%
Operating margin 3.56% (1,771.61%) 8.44%
Net margin 0.61% (2,073.82%) 5.64%
Free cash flow margin 4.15% (1,821.29%) 8.18%
Return on equity 6.10% (466.18%) 12.45%
Return on assets 0.87% (360.71%) 6.15%
Return on invested capital 9.58% (127.61%) 9.58%

Growth

Metric DBI FWDI Footwear & Accessories median
Revenue growth (TTM) (0.84%) 309.45% 3.42%
EPS growth (last fiscal year) 15.00% (1,289.27%) 10.90%
Revenue growth, 5-year CAGR 5.30% (12.01%) 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DBI FWDI Footwear & Accessories median
Debt to equity 1.41 0.00 0.46
Current ratio 1.22 0.17 2.07
Net debt to EBITDA 3.59 6.33 1.00

Dividend

Metric DBI FWDI Footwear & Accessories median
Dividend yield 3.23% — 1.94%
Payout ratio 0.71 — 0.37

Size

Metric DBI FWDI Footwear & Accessories median
Market cap 328.22m 545.46m 545.46m

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