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

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

6.04  +0.31 (+5.41%)

Fundamental Rating

3

Taking everything into account, WAVE scores 3 out of 10 in our fundamental rating. WAVE was compared to 21 industry peers in the Independent Power and Renewable Electricity Producers industry. WAVE has a great financial health rating, but its profitability evaluates not so good. WAVE is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

WAVE had negative earnings in the past year.
In the past year WAVE has reported a negative cash flow from operations.
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

WAVE has a worse Return On Assets (-17.08%) than 85.71% of its industry peers.
Looking at the Return On Equity, with a value of -21.51%, WAVE is doing worse than 80.95% of the companies in the same industry.
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

Looking at the Gross Margin, with a value of 80.72%, WAVE belongs to the top of the industry, outperforming 95.24% of the companies in the same industry.
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.
Compared to 1 year ago, WAVE has about the same amount of shares outstanding.
WAVE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, WAVE has an improved debt to assets ratio.
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

WAVE has an Altman-Z score of 7.95. This indicates that WAVE is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.95, WAVE belongs to the best of the industry, outperforming 95.24% of the companies in the same industry.
A Debt/Equity ratio of 0.01 indicates that WAVE is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.01, WAVE belongs to the top 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 7.95
ROIC/WACCN/A
WACC7.22%
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's Current ratio of 4.11 is amongst the best of the industry. WAVE outperforms 95.24% of its industry peers.
A Quick Ratio of 4.11 indicates that WAVE has no problem at all paying its short term obligations.
WAVE has a better Quick ratio (4.11) than 95.24% of its industry peers.
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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4

3. Growth

3.1 Past

WAVE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.13%, which is quite impressive.
The Revenue has grown by 1076.92% in the past year. This is a very strong growth!
EPS 1Y (TTM)41.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26%
Revenue 1Y (TTM)1076.92%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A

3.2 Future

The Earnings Per Share is expected to decrease by -31.29% on average over the next years. This is quite bad
Based on estimates for the next years, WAVE will show a very strong growth in Revenue. The Revenue will grow by 63.03% on average per year.
EPS Next Y82.59%
EPS Next 2Y-35.84%
EPS Next 3Y-31.29%
EPS Next 5YN/A
Revenue Next Year-83.33%
Revenue Next 2Y52.75%
Revenue Next 3Y63.03%
Revenue Next 5YN/A

3.3 Evolution

WAVE Yearly Revenue VS EstimatesWAVE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 200K 400K 600K 800K 1M
WAVE Yearly EPS VS EstimatesWAVE Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 -0.2 -0.4 -0.6

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for WAVE. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for WAVE. No positive earnings are expected for the next year.
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

WAVE's earnings are expected to decrease with -31.29% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-35.84%
EPS Next 3Y-31.29%

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0

5. Dividend

5.1 Amount

WAVE does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ECO WAVE POWER GLOBAL AB-ADR

NASDAQ:WAVE (4/23/2025, 8:00:02 PM)

6.04

+0.31 (+5.41%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)N/A N/A
Earnings (Next)05-05 2025-05-05
Inst Owners2.54%
Inst Owner Change-0.79%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap35.24M
Analysts82.5
Price Target14.79 (144.87%)
Short Float %0.72%
Short Ratio0.98
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)3.57%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 115.16
P/FCF N/A
P/OCF N/A
P/B 4.43
P/tB 4.43
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 7.95
F-Score4
WACC7.22%
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)41.13%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26%
EPS Next Y82.59%
EPS Next 2Y-35.84%
EPS Next 3Y-31.29%
EPS Next 5YN/A
Revenue 1Y (TTM)1076.92%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%N/A
Revenue Next Year-83.33%
Revenue Next 2Y52.75%
Revenue Next 3Y63.03%
Revenue Next 5YN/A
EBIT growth 1Y33.1%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3Y-21.09%
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