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 $545.5M — 3.0× the size. Forward Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Wolverine World Wide, Inc. trades at 15.3×. 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 15.28 15.57
P/S 11.28 0.83 1.19
P/B 1.26 3.45 2.63
Price to free cash flow n/m 3.70 12.70
EV/EBITDA n/m 10.41 9.67
EV/Sales 11.07 1.03 1.35
Earnings yield (456.62%) 6.54% 5.97%
Free cash flow yield (161.50%) 27.03% 4.78%

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% 3.42%
EPS growth (last fiscal year) (1,289.27%) 96.55% 10.90%
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 2.07
Net debt to EBITDA 6.33 1.93 1.00

Dividend

Metric FWDI WWW Footwear & Accessories median
Dividend yield — 2.03% 1.94%
Payout ratio — 0.31 0.37

Size

Metric FWDI WWW Footwear & Accessories median
Market cap 545.46m 1.64b 545.46m

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