Forward Industries, Inc. (FWDI)vsOn Holding Ltd (ONON)
FWDI
Forward Industries, Inc.
$4.87
+2.10%
CONSUMER CYCLICAL · Cap: $391.44M
ONON
On Holding Ltd
$35.16
-11.19%
CONSUMER CYCLICAL · Cap: $13.10B
Smart Verdict
WallStSmart Research — data-driven comparison
On Holding Ltd generates 8512% more annual revenue ($3.01B vs $35.00M). ONON leads profitability with a 6.8% profit margin vs 0.0%. ONON appears more attractively valued with a PEG of 0.88. ONON earns a higher WallStSmart Score of 53/100 (C-).
FWDI
Buy51
out of 100
Grade: C-
ONON
Buy53
out of 100
Grade: C-
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Intrinsic value data unavailable for FWDI.
Margin of Safety
-754.5%
Fair Value
$5.30
Current Price
$35.16
$29.86 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Reasonable price relative to book value
Strong operational efficiency at 44.9%
Conservative balance sheet, low leverage
Safe zone — low bankruptcy risk
Safe zone — low bankruptcy risk
Growing faster than its price suggests
Revenue surging 22.6% year-over-year
Areas to Watch
3.6% revenue growth
0.0% earnings growth
Smaller company, higher risk/reward
0.0% margin — thin
6.8% margin — thin
Weak financial health signals
Premium valuation, high expectations priced in
Earnings declined 24.0%
Comparative Analysis Report
WallStSmart ResearchBull Case : FWDI
The strongest argument for FWDI centers on Price/Book, Operating Margin, Debt/Equity.
Bull Case : ONON
The strongest argument for ONON centers on Altman Z-Score, PEG Ratio, Revenue Growth. Revenue growth of 22.6% demonstrates continued momentum. PEG of 0.88 suggests the stock is reasonably priced for its growth.
Bear Case : FWDI
The primary concerns for FWDI are Revenue Growth, EPS Growth, Market Cap.
Bear Case : ONON
The primary concerns for ONON are Profit Margin, Piotroski F-Score, P/E Ratio. A P/E of 50.8x leaves little room for execution misses.
Key Dynamics to Monitor
FWDI profiles as a value stock while ONON is a growth play — different risk/reward profiles.
ONON carries more volatility with a beta of 2.15 — expect wider price swings.
ONON is growing revenue faster at 22.6% — sustainability is the question.
ONON generates stronger free cash flow (80M), providing more financial flexibility.
Bottom Line
ONON scores higher overall (53/100 vs 51/100) and 22.6% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Forward Industries, Inc.
CONSUMER CYCLICAL · FOOTWEAR & ACCESSORIES · USA
Forward Industries, Inc., designs, manufactures, sources, markets, and distributes carry and protective solutions. The company is headquartered in Hauppauge, New York.
Visit Website →On Holding Ltd
CONSUMER CYCLICAL · FOOTWEAR & ACCESSORIES · USA
On Holding AG develops and distributes sports products worldwide. The company is headquartered in Zurich, Switzerland.
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