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ECO WAVE POWER GLOBAL AB-ADR (WAVE) Stock Fundamental Analysis

NASDAQ:WAVE - Nasdaq - US27900N1037 - ADR - Currency: USD

9.217  +0.36 (+4.03%)

Fundamental Rating

3

WAVE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 20 industry peers in the Independent Power and Renewable Electricity Producers industry. No worries on liquidiy or solvency for WAVE as it has an excellent financial health rating, but there are worries on the profitability. WAVE is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year WAVE has reported negative net income.
WAVE had a negative operating cash flow in the past year.
In the past 5 years WAVE always reported negative net income.
In the past 5 years WAVE always reported negative operating cash flow.
WAVE Yearly Net Income VS EBIT VS OCF VS FCFWAVE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 -5M -10M -15M -20M

1.2 Ratios

With a Return On Assets value of -17.08%, WAVE is not doing good in the industry: 84.21% of the companies in the same industry are doing better.
WAVE's Return On Equity of -21.51% is on the low side compared to the rest of the industry. WAVE is outperformed by 73.68% of its industry peers.
Industry RankSector Rank
ROA -17.08%
ROE -21.51%
ROIC N/A
ROA(3y)-18.51%
ROA(5y)-17.56%
ROE(3y)-22.27%
ROE(5y)-21.01%
ROIC(3y)N/A
ROIC(5y)N/A
WAVE Yearly ROA, ROE, ROICWAVE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 0 50 -50 100 150

1.3 Margins

The Gross Margin of WAVE (80.72%) is better than 89.47% of its industry peers.
The Profit Margin and Operating Margin are not available for WAVE so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 80.72%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
WAVE Yearly Profit, Operating, Gross MarginsWAVE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 0 -2K -4K -6K -8K -10K

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7

2. Health

2.1 Basic Checks

WAVE does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for WAVE remains at a similar level compared to 1 year ago.
Compared to 5 years ago, WAVE has more shares outstanding
WAVE has a better debt/assets ratio than last year.
WAVE Yearly Shares OutstandingWAVE Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 1M 2M 3M 4M 5M
WAVE Yearly Total Debt VS Total AssetsWAVE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

2.2 Solvency

An Altman-Z score of 13.28 indicates that WAVE is not in any danger for bankruptcy at the moment.
The Altman-Z score of WAVE (13.28) is better than 100.00% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that WAVE is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.01, WAVE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 13.28
ROIC/WACCN/A
WACC6.73%
WAVE Yearly LT Debt VS Equity VS FCFWAVE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

WAVE has a Current Ratio of 4.11. This indicates that WAVE is financially healthy and has no problem in meeting its short term obligations.
WAVE has a better Current ratio (4.11) than 100.00% of its industry peers.
A Quick Ratio of 4.11 indicates that WAVE has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 4.11, WAVE belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.11
Quick Ratio 4.11
WAVE Yearly Current Assets VS Current LiabilitesWAVE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 41.06% over the past year.
The Revenue has grown by 1076.92% in the past year. This is a very strong growth!
EPS 1Y (TTM)41.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.08%
Revenue 1Y (TTM)1076.92%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

WAVE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.23% yearly.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y82.6%
EPS Next 2Y34.48%
EPS Next 3Y22.23%
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
WAVE Yearly Revenue VS EstimatesWAVE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100K 200K 300K
WAVE Yearly EPS VS EstimatesWAVE Yearly EPS VS EstimatesYearly EPS VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 -0.01 -0.02 -0.03 -0.04 -0.05

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1

4. Valuation

4.1 Price/Earnings Ratio

WAVE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year WAVE is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WAVE Price Earnings VS Forward Price EarningsWAVE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 -100 200

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WAVE Per share dataWAVE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1

4.3 Compensation for Growth

A more expensive valuation may be justified as WAVE's earnings are expected to grow with 22.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y34.48%
EPS Next 3Y22.23%

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0

5. Dividend

5.1 Amount

No dividends for WAVE!.
Industry RankSector Rank
Dividend Yield N/A

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ECO WAVE POWER GLOBAL AB-ADR

NASDAQ:WAVE (2/21/2025, 8:00:02 PM)

9.217

+0.36 (+4.03%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)03-01 2022-03-01/bmo
Earnings (Next)N/A N/A
Inst Owners1.28%
Inst Owner Change136.93%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap53.78M
Analysts0
Price TargetN/A
Short Float %0.34%
Short Ratio0.24
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 175.74
P/FCF N/A
P/OCF N/A
P/B 6.76
P/tB 6.76
EV/EBITDA N/A
EPS(TTM)-0.29
EYN/A
EPS(NY)-0.05
Fwd EYN/A
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)-0.45
OCFYN/A
SpS0.05
BVpS1.36
TBVpS1.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -17.08%
ROE -21.51%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 80.72%
FCFM N/A
ROA(3y)-18.51%
ROA(5y)-17.56%
ROE(3y)-22.27%
ROE(5y)-21.01%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 3.53%
Cap/Sales 1.96%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.11
Quick Ratio 4.11
Altman-Z 13.28
F-Score4
WACC6.73%
ROIC/WACCN/A
Cap/Depr(3y)3.4%
Cap/Depr(5y)111.09%
Cap/Sales(3y)18.48%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)41.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.08%
EPS Next Y82.6%
EPS Next 2Y34.48%
EPS Next 3Y22.23%
EPS Next 5YN/A
Revenue 1Y (TTM)1076.92%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y33.1%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-5.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.65%
OCF growth 3YN/A
OCF growth 5YN/A