COMP <GO>
FWDI vs HIVE // EV/EBITDA & P/E VALUATION
Forward Industries Inc. (NASDAQ) VS. HIVE Digital Technologies Ltd. (NASDAQ) • 15-METRIC TALLY: FWDI 2
— HIVE 5
■ METRIC PARITY
LAST: $6.94 (-4.54%) • MKT CAP: $529.4M
valuation
—
LAST: $2.07 (-2.36%) • MKT CAP: $567.8M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (FWDI VS. HIVE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | FWDI | HIVE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -0.80% | -26.50% | +25.70 | FWDI | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -0.86% | 10.98% | -11.84 | HIVE | /fcf-yield <GO> |
| Operating Margin | -46.10% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | -60.00% | -49.80% | -10.20 | HIVE | /net-margins <GO> |
| Revenue Growth (YoY) | -9.00% | 158.30% | -167.30 | HIVE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 2/9 | 5/9 | -3.00 | HIVE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 41.6 | 30.5 | +11.05 | FWDI | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $529.4M | $567.8M | -$38.3M | HIVE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | FWDI REV | HIVE REV | FWDI GROSS % | HIVE GROSS % | FWDI FCF | HIVE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $18.2M | $297.8M | — | — | -$4.5M | $62.3M |
| FY 2024 | $20.0M | $115.3M | — | — | $454.6K | $16.6M |
| FY 2023 | $22.7M | $114.5M | — | — | $1.2M | $9.6M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
FWDI // BETA —
HIVE // BETA —