Comprehensive Stock Comparison
Compare Eco Wave Power Global AB (publ) (WAVE) vs AXIA Energia S.A. (AXIA) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | AXIA | 0.2% revenue growth vs WAVE's -45.1% |
| Value | WAVE | Better valuation composite |
| Quality / Margins | AXIA | -1.8% net margin vs WAVE's -17.6% |
| Stability / Safety | WAVE | Lower D/E ratio (16.2% vs 64.1%) |
| Dividends | AXIA | 0.2% yield; 1-year raise streak; WAVE pays no meaningful dividend |
| Momentum (1Y) | AXIA | +26.0% vs WAVE's -33.6% |
| Efficiency (ROA) | AXIA | -0.2% ROA vs WAVE's -31.5%, ROIC 1.2% vs -53.8% |
Who Each Stock Is For
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Eco Wave Power Global is a wave energy company that develops technology to convert ocean and sea waves into clean electricity. It makes money primarily through power purchase agreements and concession agreements for its wave energy projects, with a development pipeline of approximately 405 megawatts across multiple countries. The company's key advantage is its proprietary wave energy conversion technology and its portfolio of international agreements that provide exclusive access to prime wave energy locations.
AXIA Energia is a Brazilian electric utility that generates, transmits, and sells electricity across Brazil. It earns revenue primarily from electricity sales to distributors and large consumers — with generation contributing roughly 70% and transmission about 30% of total revenue. The company's key advantage is its massive hydroelectric portfolio — Brazil's largest — which provides low-cost, renewable baseload power and significant operational scale.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
AXIA leads in 3 of 6 categories — strongest in Financial Metrics and Profitability & Efficiency. 2 categories are tied.
Financial Metrics (TTM)
AXIA is the larger business by revenue, generating $26.1B annually — 155207.0x WAVE's $168,000. AXIA is the more profitable business, keeping -1.8% of every revenue dollar as net income compared to WAVE's -17.6%.
| Metric | WAVEEco Wave Power Gl… | AXIAAXIA Energia S.A. |
|---|---|---|
| RevenueTrailing 12 months | $168,000 | $26.1B |
| EBITDAEarnings before interest/tax | -$2M | $5.9B |
| Net IncomeAfter-tax profit | -$3M | -$479M |
| Free Cash FlowCash after capex | $0 | $1.7B |
| Gross MarginGross profit ÷ Revenue | +75.0% | +50.7% |
| Operating MarginEBIT ÷ Revenue | -15.3% | +19.7% |
| Net MarginNet income ÷ Revenue | -17.6% | -1.8% |
| FCF MarginFCF ÷ Revenue | +6.6% | +6.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | -83.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -177.8% | -114.1% |
Valuation Metrics
| Metric | WAVEEco Wave Power Gl… | AXIAAXIA Energia S.A. |
|---|---|---|
| Market CapShares × price | $29M | $23.9B |
| Enterprise ValueMkt cap + debt − cash | $23M | $33.9B |
| Trailing P/EPrice ÷ TTM EPS | -13.49x | 74.24x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 1.34x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.83x |
| EV / EBITDAEnterprise value multiple | — | 52.85x |
| Price / SalesMarket cap ÷ Revenue | 173.14x | 16.53x |
| Price / BookPrice ÷ Book value/share | 3.33x | 1.01x |
| Price / FCFMarket cap ÷ FCF | 26.23x | 178.31x |
Profitability & Efficiency
AXIA delivers a -0.4% return on equity — every $100 of shareholder capital generates $-0 in annual profit, vs $-43 for WAVE. WAVE carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to AXIA's 0.64x. On the Piotroski fundamental quality scale (0–9), AXIA scores 6/9 vs WAVE's 3/9, reflecting solid financial health.
| Metric | WAVEEco Wave Power Gl… | AXIAAXIA Energia S.A. |
|---|---|---|
| ROE (TTM)Return on equity | -42.8% | -0.4% |
| ROA (TTM)Return on assets | -31.5% | -0.2% |
| ROICReturn on invested capital | -53.8% | +1.2% |
| ROCEReturn on capital employed | -28.6% | +1.0% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | 0.16x | 0.64x |
| Net DebtTotal debt minus cash | -$7M | $51.7B |
| Cash & Equiv.Liquid assets | $8M | $26.6B |
| Total DebtShort + long-term debt | $1M | $78.2B |
| Interest CoverageEBIT ÷ Interest expense | -38.41x | 1.41x |
Total Returns (with DRIP)
A $10,000 investment in AXIA five years ago would be worth $13,122 today (with dividends reinvested), compared to $2,656 for WAVE. Over the past 12 months, AXIA leads with a +26.0% total return vs WAVE's -33.6%. The 3-year compound annual growth rate (CAGR) favors WAVE at 11.7% vs AXIA's 8.7% — a key indicator of consistent wealth creation.
| Metric | WAVEEco Wave Power Gl… | AXIAAXIA Energia S.A. |
|---|---|---|
| YTD ReturnYear-to-date | -17.1% | +30.6% |
| 1-Year ReturnPast 12 months | -33.6% | +26.0% |
| 3-Year ReturnCumulative with dividends | +39.3% | +28.3% |
| 5-Year ReturnCumulative with dividends | -73.4% | +31.2% |
| 10-Year ReturnCumulative with dividends | -73.4% | -92.7% |
| CAGR (3Y)Annualised 3-year return | +11.7% | +8.7% |
Risk & Volatility
AXIA currently trades 95.4% from its 52-week high vs WAVE's 50.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | WAVEEco Wave Power Gl… | AXIAAXIA Energia S.A. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.74x | — |
| 52-Week HighHighest price in past year | $9.87 | $12.66 |
| 52-Week LowLowest price in past year | $4.41 | $7.06 |
| % of 52W HighCurrent price vs 52-week peak | +50.6% | +95.4% |
| RSI (14)Momentum oscillator 0–100 | 41.1 | 67.4 |
| Avg Volume (50D)Average daily shares traded | 10K | 1.6M |
Analyst Outlook
AXIA is the only dividend payer here at 0.17% yield — a key consideration for income-focused portfolios.
| Metric | WAVEEco Wave Power Gl… | AXIAAXIA Energia S.A. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | — | 5 |
| Dividend YieldAnnual dividend ÷ price | — | +0.2% |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | $0.11 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +0.0% |
Historical Charts
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Chart 1Revenue Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | $21712.00 | $168000.00 | +673.8% |
| AXIA Energia S.A. (AXIA) | $8.1B | $7.5B | -8.3% |
AXIA Energia S.A.'s revenue grew from $8.1B (2015) to $7.5B (2024) — a -1.0% CAGR.
Chart 2Net Margin Trend — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | -44.4% | -12.4% | +72.1% |
| AXIA Energia S.A. (AXIA) | -53.2% | 25.8% | +148.5% |
AXIA Energia S.A.'s net margin went from -53% (2015) to 26% (2024).
Chart 3P/E Ratio History — 7 Years
| Stock | 2018 | 2024 | Change |
|---|---|---|---|
| AXIA Energia S.A. (AXIA) | 6.5 | 20.7 | +218.5% |
AXIA Energia S.A. has traded in a 7x–26x P/E range over 7 years; current trailing P/E is ~74x.
Chart 4EPS Growth — 10 Years
| Stock | 2015 | 2024 | Change |
|---|---|---|---|
| Eco Wave Power Glob… (WAVE) | -0.2 | -0.37 | -85.0% |
| AXIA Energia S.A. (AXIA) | -3.2 | 0.84 | +126.3% |
AXIA Energia S.A.'s EPS grew from $-3.20 (2015) to $0.84 (2024).
Chart 5Free Cash Flow — 5 Years
Eco Wave Power Global AB (publ) generated $1M FCF in 2024 (+142% vs 2021). AXIA Energia S.A. generated $691M FCF in 2024 (-53% vs 2021).
WAVE vs AXIA: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is WAVE or AXIA a better buy right now?
AXIA Energia S.A. (AXIA) offers the better valuation at 74.2x trailing P/E (1.3x forward), making it the more compelling value choice. Analysts rate AXIA Energia S.A. (AXIA) a "Buy" — based on 5 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — WAVE or AXIA?
Over the past 5 years, AXIA Energia S.A. (AXIA) delivered a total return of +31.2%, compared to -73.4% for Eco Wave Power Global AB (publ) (WAVE). A $10,000 investment in AXIA five years ago would be worth approximately $13K today (assuming dividends reinvested). Over 10 years, the gap is even starker: WAVE returned -73.4% versus AXIA's -92.7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — WAVE or AXIA?
On balance sheet safety, Eco Wave Power Global AB (publ) (WAVE) carries a lower debt/equity ratio of 16% versus 64% for AXIA Energia S.A. — giving it more financial flexibility in a downturn.
04Which has better profit margins — WAVE or AXIA?
AXIA Energia S.A. (AXIA) is the more profitable company, earning 25.8% net margin versus -1236.3% for Eco Wave Power Global AB (publ) — meaning it keeps 25.8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AXIA leads at 34.5% versus -1391.7% for WAVE. At the gross margin level — before operating expenses — WAVE leads at 75.0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — WAVE or AXIA?
In this comparison, AXIA (0.2% yield) pays a dividend. WAVE does not pay a meaningful dividend and should not be held primarily for income.
06Is WAVE or AXIA better for a retirement portfolio?
For long-horizon retirement investors, Eco Wave Power Global AB (publ) (WAVE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.74)). Both have compounded well over 10 years (WAVE: -73.4%, AXIA: -92.7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between WAVE and AXIA?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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