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

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

8.14  -0.05 (-0.61%)

Fundamental Rating

3

WAVE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 19 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 does not seem to be growing, but still is valued expensively.


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.
In the past year WAVE has reported a negative cash flow from operations.
WAVE had negative earnings in each of the past 5 years.
WAVE had a negative operating cash flow in each of the past 5 years.
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 (-25.15%) than 78.95% of its industry peers.
Looking at the Return On Equity, with a value of -33.60%, WAVE is doing worse than 73.68% of the companies in the same industry.
Industry RankSector Rank
ROA -25.15%
ROE -33.6%
ROIC N/A
ROA(3y)-18.46%
ROA(5y)-17.53%
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

WAVE's Gross Margin of 145.29% is amongst the best of the industry. WAVE outperforms 100.00% of its industry peers.
WAVE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 145.29%
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.
The number of shares outstanding for WAVE has been increased compared to 5 years ago.
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

WAVE has an Altman-Z score of 10.98. This indicates that WAVE is financially healthy and has little risk of bankruptcy at the moment.
WAVE has a Altman-Z score of 10.98. This is amongst the best in the industry. WAVE outperforms 100.00% of its industry peers.
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 94.74% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 10.98
ROIC/WACCN/A
WACC6.94%
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 3.25. This indicates that WAVE is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 3.25, WAVE belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
WAVE has a Quick Ratio of 3.25. This indicates that WAVE is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.25, WAVE belongs to the top of the industry, outperforming 89.47% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.25
Quick Ratio 3.25
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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2

3. Growth

3.1 Past

WAVE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.34%.
The Revenue for WAVE has decreased by -44.44% in the past year. This is quite bad
EPS 1Y (TTM)-18.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)-44.44%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-39.07%

3.2 Future

WAVE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -30.36% yearly.
The Revenue is expected to grow by 63.03% on average over the next years. This is a very strong growth
EPS Next Y83.47%
EPS Next 2Y-28.57%
EPS Next 3Y-30.36%
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

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 0 100 200

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 -0.5 1

4.3 Compensation for Growth

WAVE's earnings are expected to decrease with -30.36% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-28.57%
EPS Next 3Y-30.36%

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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 (8/6/2025, 8:00:02 PM)

8.14

-0.05 (-0.61%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)05-08 2025-05-08/bmo
Earnings (Next)08-14 2025-08-14
Inst Owners1.71%
Inst Owner Change-0.08%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap47.49M
Analysts82.86
Price Target15.3 (87.96%)
Short Float %0.43%
Short Ratio1.22
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)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 279.36
P/FCF N/A
P/OCF N/A
P/B 7.68
P/tB 7.68
EV/EBITDA N/A
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.51
Fwd EYN/A
FCF(TTM)-0.45
FCFYN/A
OCF(TTM)-0.45
OCFYN/A
SpS0.03
BVpS1.06
TBVpS1.06
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -25.15%
ROE -33.6%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 145.29%
FCFM N/A
ROA(3y)-18.46%
ROA(5y)-17.53%
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-Score2
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 5.88%
Cap/Sales 5.88%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.25
Quick Ratio 3.25
Altman-Z 10.98
F-Score2
WACC6.94%
ROIC/WACCN/A
Cap/Depr(3y)3.71%
Cap/Depr(5y)111.27%
Cap/Sales(3y)15.07%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.34%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y83.47%
EPS Next 2Y-28.57%
EPS Next 3Y-30.36%
EPS Next 5YN/A
Revenue 1Y (TTM)-44.44%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-39.07%
Revenue Next Year-83.33%
Revenue Next 2Y52.75%
Revenue Next 3Y63.03%
Revenue Next 5YN/A
EBIT growth 1Y3.07%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3Y-21.14%
EBIT Next 5YN/A
FCF growth 1Y-6.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.69%
OCF growth 3YN/A
OCF growth 5YN/A