Forward Industries, Inc. (FWDI) vs Weyco Group, Inc. (WEYS)

Forward Industries, Inc. and Weyco Group, Inc. are both Footwear & Accessories companies. Forward Industries, Inc. is the larger, with a market value of $614.4M against $452.9M — 1.4× the size. Forward Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Weyco Group, Inc. trades at 12.9×. Forward Industries, Inc. grew revenue faster over the last twelve months: 309.5% against −0.32%. Weyco Group, Inc. has the higher net margin (12.4% vs −2,073.8%) and the higher return on invested capital (16.8% vs −127.6%). Across the 17 metrics below, Weyco Group, Inc. leads on 14 and Forward Industries, Inc. on 3.

Valuation

Metric FWDI WEYS Footwear & Accessories median
P/E n/m 12.89 15.26
P/S 13.74 1.59 1.16
P/B 1.54 1.75 2.59
Price to free cash flow n/m 9.81 12.20
EV/EBITDA n/m 7.96 8.91
EV/Sales 13.52 1.30 1.24
Earnings yield (374.73%) 7.76% 6.11%
Free cash flow yield (132.54%) 10.19% 4.85%

Profitability

Metric FWDI WEYS Footwear & Accessories median
Gross margin 70.56% 49.08% 49.76%
Operating margin (1,771.61%) 15.27% 8.44%
Net margin (2,073.82%) 12.39% 5.64%
Free cash flow margin (1,821.29%) 16.25% 8.18%
Return on equity (466.18%) 13.81% 12.45%
Return on assets (360.71%) 11.34% 6.15%
Return on invested capital (127.61%) 16.78% 9.58%

Growth

Metric FWDI WEYS Footwear & Accessories median
Revenue growth (TTM) 309.45% (0.32%) 3.68%
EPS growth (last fiscal year) (1,289.27%) (23.73%) —
Revenue growth, 5-year CAGR (12.01%) 7.17% 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FWDI WEYS Footwear & Accessories median
Debt to equity 0.00 0.00 0.46
Current ratio 0.17 7.55 1.96
Net debt to EBITDA 6.33 (3.04) 1.00

Dividend

Metric FWDI WEYS Footwear & Accessories median
Dividend yield — 3.08% 2.20%
Payout ratio 0.00 0.28 0.00

Size

Metric FWDI WEYS Footwear & Accessories median
Market cap 614.40m 452.91m 614.40m

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