Forward Industries, Inc. (FWDI) vs Wolverine World Wide, Inc. (WWW)

Forward Industries, Inc. and Wolverine World Wide, Inc. are both Footwear & Accessories companies. Wolverine World Wide, Inc. is the larger, with a market value of $1.6B against $614.4M — 2.6× the size. Forward Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Wolverine World Wide, Inc. trades at 14.8×. Forward Industries, Inc. grew revenue faster over the last twelve months: 309.5% against 7.16%. Wolverine World Wide, Inc. has the higher net margin (5.55% vs −2,073.8%) and the higher return on invested capital (12.4% vs −127.6%). Across the 18 metrics below, Wolverine World Wide, Inc. leads on 14 and Forward Industries, Inc. on 4.

Valuation

Metric FWDI WWW Footwear & Accessories median
P/E n/m 14.78 15.26
P/S 13.74 0.80 1.16
P/B 1.54 3.34 2.59
Price to free cash flow n/m 3.58 12.20
EV/EBITDA n/m 10.14 8.91
EV/Sales 13.52 1.01 1.24
Earnings yield (374.73%) 6.76% 6.11%
Free cash flow yield (132.54%) 27.94% 4.85%

Profitability

Metric FWDI WWW Footwear & Accessories median
Gross margin 70.56% 47.12% 49.76%
Operating margin (1,771.61%) 8.69% 8.44%
Net margin (2,073.82%) 5.55% 5.64%
Free cash flow margin (1,821.29%) 8.97% 8.18%
Return on equity (466.18%) 26.03% 12.45%
Return on assets (360.71%) 6.15% 6.15%
Return on invested capital (127.61%) 12.38% 9.58%

Growth

Metric FWDI WWW Footwear & Accessories median
Revenue growth (TTM) 309.45% 7.16% 3.68%
EPS growth (last fiscal year) (1,289.27%) 96.55% —
Revenue growth, 5-year CAGR (12.01%) 0.91% 7.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FWDI WWW Footwear & Accessories median
Debt to equity 0.00 1.17 0.46
Current ratio 0.17 1.55 1.96
Net debt to EBITDA 6.33 1.93 1.00

Dividend

Metric FWDI WWW Footwear & Accessories median
Dividend yield — 4.72% 2.20%
Payout ratio 0.00 0.21 0.00

Size

Metric FWDI WWW Footwear & Accessories median
Market cap 614.40m 1.58b 614.40m

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