Skip to main content

Forward Industries (FORD): One-stop Shop for Outsourced Services

LONDON, UK / ACCESSWIRE / November 3, 2020 / Forward Industries has augmented its outsourced manufacturing service offer to include hardware and software design capabilities and the ability to secure listings in major US retail chains. This enhanced offer provides a route for offsetting the declining revenues in the legacy business, which provides carry cases for diabetes equipment, as well as enhancing profit. Our indicative valuation is $1.73/share, which is 16% higher than the current share price.

Our indicative valuation is based on a DCF analysis from FY20 to FY23, with a 9.7% WACC and 1.5% terminal value. Noting the findings of our sensitivity analysis, we believe the key catalysts for raising the share price towards our indicative valuation should be confirmation that management is able to maintain design gross margins at the levels achieved so far in FY20 and evidence that the initiative to distribute smart products is being successful.

Click here to view the full report.

Subscribe to Edison's content to receive reports by email.

All reports published by Edison are free-to-access and available on thewebsite.

About Edison:Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise.At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Anne Margaret Crow, +44 (0)20 3077 5700

industrials@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on:

LinkedInhttps://www.linkedin.com/company/edison-group-

Twitterwww.twitter.com/Edison_Inv_Res

YouTubehttps://www.youtube.com/user/EdisonITV/videos

SOURCE: Edison Investment Research Limited via EQS Newswire



View source version on accesswire.com:
https://www.accesswire.com/614149/Forward-Industries-FORD-One-stop-Shop-for-Outsourced-Services

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.