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

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

5.97  +0.25 (+4.37%)

After market: 5.99 +0.02 (+0.34%)

Fundamental Rating

3

Taking everything into account, WAVE scores 3 out of 10 in our fundamental rating. WAVE was compared to 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 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

WAVE had negative earnings in the past year.
WAVE had a negative operating cash flow in the past year.
In the past 5 years WAVE always reported negative net income.
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

With a Return On Assets value of -25.15%, WAVE is not doing good in the industry: 78.95% of the companies in the same industry are doing better.
WAVE's Return On Equity of -33.60% 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 -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 has a better Gross Margin (145.29%) than 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.
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.
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 7.27. This indicates that WAVE is financially healthy and has little risk of bankruptcy at the moment.
WAVE has a Altman-Z score of 7.27. This is amongst the best in the industry. WAVE outperforms 100.00% of its industry peers.
WAVE has a Debt/Equity ratio of 0.01. This is a healthy value indicating a solid balance between debt and equity.
WAVE has a better Debt to Equity ratio (0.01) than 94.74% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.01
Debt/FCF N/A
Altman-Z 7.27
ROIC/WACCN/A
WACC7.04%
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

A Current Ratio of 3.25 indicates that WAVE has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.25, WAVE belongs to the best of the industry, outperforming 89.47% of the companies in the same industry.
A Quick Ratio of 3.25 indicates that WAVE has no problem at all paying 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

The earnings per share for WAVE have decreased strongly by -18.34% in the last year.
Looking at the last year, WAVE shows a very negative growth in Revenue. The Revenue has decreased by -44.44% in the last year.
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

Based on estimates for the next years, WAVE will show a very negative growth in Earnings Per Share. The EPS will decrease by -30.36% on average per year.
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.
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 50 100 150 200 250

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 -30.36% in the coming years.
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 (6/16/2025, 8:16:18 PM)

After market: 5.99 +0.02 (+0.34%)

5.97

+0.25 (+4.37%)

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-33.81%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap34.83M
Analysts82.86
Price Target15.3 (156.28%)
Short Float %0.38%
Short Ratio0.94
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)7.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-685.71%
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 204.89
P/FCF N/A
P/OCF N/A
P/B 5.64
P/tB 5.64
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 7.27
F-Score2
WACC7.04%
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