Logo image of WAVE

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

USA - Nasdaq - NASDAQ:WAVE - US27900N1037 - ADR

6.67 USD
-0.12 (-1.77%)
Last: 12/5/2025, 2:52:08 PM
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. WAVE scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. WAVE is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

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.
WAVE had negative earnings in each of the past 5 years.
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 2024 -5M -10M -15M -20M

1.2 Ratios

The Return On Assets of WAVE (-19.44%) is worse than 85.00% of its industry peers.
WAVE's Return On Equity of -24.56% is on the low side compared to the rest of the industry. WAVE is outperformed by 70.00% of its industry peers.
Industry RankSector Rank
ROA -19.44%
ROE -24.56%
ROIC N/A
ROA(3y)-20.29%
ROA(5y)-18.47%
ROE(3y)-25.15%
ROE(5y)-22.36%
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 2024 0 50 -50 100 150

1.3 Margins

WAVE's Gross Margin of 75.00% is amongst the best of the industry. WAVE outperforms 90.00% of its industry peers.
In the last couple of years the Gross Margin of WAVE has grown nicely.
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 75%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y79.8%
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 2024 0 -2K -4K -6K -8K -10K

More info and screens

6

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 a worse 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 2024 20M 40M 60M 80M 100M

2.2 Solvency

An Altman-Z score of 8.84 indicates that WAVE is not in any danger for bankruptcy at the moment.
WAVE's Altman-Z score of 8.84 is amongst the best of the industry. WAVE outperforms 100.00% of its industry peers.
WAVE has a Debt/Equity ratio of 0.02. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.02, WAVE belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Altman-Z 8.84
ROIC/WACCN/A
WACC7.18%
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 2024 0 20M -20M 40M 60M 80M 100M

2.3 Liquidity

A Current Ratio of 4.22 indicates that WAVE has no problem at all paying its short term obligations.
The Current ratio of WAVE (4.22) is better than 90.00% of its industry peers.
A Quick Ratio of 4.22 indicates that WAVE has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 4.22, WAVE belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.22
Quick Ratio 4.22
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 2024 20M 40M 60M 80M 100M

More info and screens

5

3. Growth

3.1 Past

WAVE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.14%.
The Revenue for WAVE has decreased by -45.10% in the past year. This is quite bad
The Revenue has been growing by 75.65% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-33.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-18%
Revenue 1Y (TTM)-45.1%
Revenue growth 3Y75.65%
Revenue growth 5YN/A
Sales Q2Q%-39.78%

3.2 Future

Based on estimates for the next years, WAVE will show a very negative growth in Earnings Per Share. The EPS will decrease by -266.06% on average per year.
Based on estimates for the next years, WAVE will show a very strong growth in Revenue. The Revenue will grow by 409.90% on average per year.
EPS Next Y-900%
EPS Next 2Y-266.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year900%
Revenue Next 2Y409.9%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

More info and screens

0

4. Valuation

4.1 Price/Earnings Ratio

WAVE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
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 0 200 400 600

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

A cheap valuation may be justified as WAVE's earnings are expected to decrease with -266.06% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-266.06%
EPS Next 3YN/A

More info and screens

0

5. Dividend

5.1 Amount

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

More info and screens

ECO WAVE POWER GLOBAL AB-ADR

NASDAQ:WAVE (12/5/2025, 2:52:08 PM)

6.67

-0.12 (-1.77%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-13 2025-11-13/bmo
Earnings (Next)03-02 2026-03-02
Inst Owners1.46%
Inst Owner Change-18.35%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap38.92M
Revenue(TTM)168.00K
Net Income(TTM)-2.08M
Analysts82.5
Price Target15.05 (125.64%)
Short Float %0.4%
Short Ratio0.87
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)-1.67%
PT rev (3m)-1.67%
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)-28.57%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 231.64
P/FCF N/A
P/OCF N/A
P/B 4.6
P/tB 4.6
EV/EBITDA N/A
EPS(TTM)-0.35
EYN/A
EPS(NY)-0.51
Fwd EYN/A
FCF(TTM)-0.31
FCFYN/A
OCF(TTM)-0.31
OCFYN/A
SpS0.03
BVpS1.45
TBVpS1.45
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -19.44%
ROE -24.56%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 75%
FCFM N/A
ROA(3y)-20.29%
ROA(5y)-18.47%
ROE(3y)-25.15%
ROE(5y)-22.36%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y79.8%
GM growth 5YN/A
F-Score2
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0.02
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.22
Quick Ratio 4.22
Altman-Z 8.84
F-Score2
WACC7.18%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-33.14%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-18%
EPS Next Y-900%
EPS Next 2Y-266.06%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-45.1%
Revenue growth 3Y75.65%
Revenue growth 5YN/A
Sales Q2Q%-39.78%
Revenue Next Year900%
Revenue Next 2Y409.9%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y5.84%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-27.77%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y30.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y30.14%
OCF growth 3YN/A
OCF growth 5YN/A

ECO WAVE POWER GLOBAL AB-ADR / WAVE FAQ

What is the ChartMill fundamental rating of ECO WAVE POWER GLOBAL AB-ADR (WAVE) stock?

ChartMill assigns a fundamental rating of 3 / 10 to WAVE.


What is the valuation status for WAVE stock?

ChartMill assigns a valuation rating of 0 / 10 to ECO WAVE POWER GLOBAL AB-ADR (WAVE). This can be considered as Overvalued.


Can you provide the profitability details for ECO WAVE POWER GLOBAL AB-ADR?

ECO WAVE POWER GLOBAL AB-ADR (WAVE) has a profitability rating of 1 / 10.


How financially healthy is ECO WAVE POWER GLOBAL AB-ADR?

The financial health rating of ECO WAVE POWER GLOBAL AB-ADR (WAVE) is 6 / 10.