Why is Forian, Inc. ?
1
With a growth in Net Sales of 65.64%, the company declared Outstanding results in Sep 25
- NET SALES(Q) Highest at USD 7.76 MM
- PRE-TAX PROFIT(Q) At USD 0 MM has Grown at 100.24%
- NET PROFIT(Q) At USD 0.02 MM has Grown at 109.51%
2
Majority shareholders : Mutual Funds
How much should you buy?
- Overall Portfolio exposure to Forian, Inc. should be less than 10%
- Overall Portfolio exposure to Software Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Software Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Forian, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Forian, Inc.
2.97%
-0.39
54.51%
S&P 500
14.9%
0.77
19.29%
Quality key factors
Factor
Value
Sales Growth (5y)
95.80%
EBIT Growth (5y)
0.93%
EBIT to Interest (avg)
-12.32
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.96
Sales to Capital Employed (avg)
0.54
Tax Ratio
0.77%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
15.35%
ROCE (avg)
0
ROE (avg)
1.89%
Valuation Key Factors 
Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
Price to Book Value
2.04
EV to EBIT
-12.49
EV to EBITDA
-13.54
EV to Capital Employed
12.24
EV to Sales
1.25
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-97.99%
ROE (Latest)
-1.85%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Sideways
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
24What is working for the Company
NET SALES(Q)
Highest at USD 7.76 MM
PRE-TAX PROFIT(Q)
At USD 0 MM has Grown at 100.24%
NET PROFIT(Q)
At USD 0.02 MM has Grown at 109.51%
DEBTORS TURNOVER RATIO(HY)
Highest at 4.13 times
-2What is not working for the Company
RAW MATERIAL COST(Y)
Grown by 27.5% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at -90.75 %
Here's what is working for Forian, Inc.
Net Sales
Highest at USD 7.76 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (USD MM)
Net Sales
At USD 7.76 MM has Grown at 65.64%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (USD MM)
Pre-Tax Profit
At USD 0 MM has Grown at 100.24%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (USD MM)
Net Profit
At USD 0.02 MM has Grown at 109.51%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (USD MM)
Debtors Turnover Ratio
Highest at 4.13 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Here's what is not working for Forian, Inc.
Debt-Equity Ratio
Highest at -90.75 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Raw Material Cost
Grown by 27.5% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






