Eco Wave Power Global AB (publ) (WAVE) 10-Year Financial Performance & Capital Metrics

WAVE • • Utilities

UtilitiesRenewable EnergyClean Energy TechnologyWave & Alternative Energy

AboutEco Wave Power Global AB (publ), a wave energy company, develops a wave energy conversion (WEC) technology that converts ocean and sea waves into clean electricity. The company also holds various agreements, including power purchase agreements, concession agreements, and other agreements worldwide with pipeline of projects with approximately 404.7 megawatts, as well as letters of intent. It operates in the United States, Taiwan, Sweden, Israel, Portugal, Mexico, and internationally. The company was formerly known as EWPG Holding AB (publ) and changed its name to Eco Wave Power Global AB (publ) in June 2021. Eco Wave Power Global AB (publ) was founded in 2011 and is headquartered in Tel Aviv-Yafo, Israel.Show more

Revenue $168K -45.1%
EBITDA -$2M +1.7%
Net Income -$2M -21.5%
Free Cash Flow $1M +180.5%
EBITDA Margin -1311.9% -79.0%
Net Margin -1236.31% -121.2%
ROE -25.8% -33.3%
Interest Coverage -38.41 +28.4%
Debt/Equity 0.16 +5.1%
Net Debt/EBITDA -
CapEx / Revenue 1741.67% +335.8%
CapEx Coverage -0.62 +70.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Weak momentum: RS Rating 16 (bottom 16%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y75.65%

TTM-45.1%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-59.89%

EPS CAGR

10Y-

5Y-

3Y-

TTM-56.27%

ROCE

10Y Avg-32.27%

5Y Avg-21.85%

3Y Avg-27.84%

Latest-28.65%

Peer Comparison

Wave & Alternative Energy

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CREGSmart Powerr Corp.	29.76M	1.43	-0.79		-36.2%	-2.58%	0.9%	0.05
RAINRain Enhancement Technologies Holdco Inc	27.08M	3.33	-1.45
WAVEEco Wave Power Global AB (publ)	34.04M	5.84	-15.78	-45.1%	-17.6%	-42.79%	3.26%	0.16

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	21.71K	13.56K	0	0	31K	26K	306K	168K
Revenue Growth %	-	-0.38%	-1%	-	-	-0.16%	10.77%	-0.45%
Cost of Revenue	419.54K	319.3K	38.69K	0	27K	22K	59K	42K
Gross Profit+	-397.83K	-305.75K	-38.69K	0	4K	4K	247K	126K
Gross Margin %	-	-	-	-	-	-	-	-
Gross Profit Growth %	-	0.23%	0.87%	1%	-	0%	60.75%	-0.49%
Operating Expenses+	648.51K	633.53K	2.08M	457.48K	3.07M	3.61M	2.66M	2.46M
Other Operating Expenses	-	-	-	-	-	-	-	-
EBITDA+	-942.27K	-829.88K	-2.08M	-423.26K	-2.82M	-3.4M	-2.24M	-2.2M
EBITDA Margin %	-	-	-	-	-	-	-	-
EBITDA Growth %	-	0.12%	-1.51%	0.8%	-5.67%	-0.2%	0.34%	0.02%
Depreciation & Amortization+	20.96K	22.96K	38.69K	0	248K	209K	170K	134K
D&A / Revenue %	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	-963.23K	-852.84K	-2.12M	-457.48K	-3.07M	-3.61M	-2.41M	-2.34M
Operating Margin %	-	-	-	-	-	-	-	-
Operating Income Growth %	-	0.11%	-1.49%	0.78%	-5.71%	-0.17%	0.33%	0.03%
Interest Expense+	60.21K	861	85.09K	1.09K	53K	48K	45K	60.88K
Interest Coverage	-16.00x	-990.11x	-24.93x	-421.10x	-57.92x	-75.15x	-53.62x	-38.41x
Interest / Revenue %	-	-	-	-	-	-	-	-
Non-Operating Income	-102.5K	24.59K	93.33K	33.13K	723K	706K	547K	230K
Pretax Income+	-1.11M	-897.28K	-2.03M	-424.35K	-2.35M	-2.9M	-1.87M	-2.11M
Pretax Margin %	-	-	-	-	-	-	-	-
Income Tax+	-143.32K	-44.45K	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-
Net Income+	-963.23K	-852.84K	-1.99M	-424.35K	-2.35M	-2.9M	-1.71M	-2.08M
Net Margin %	-	-	-	-	-	-	-	-
Net Income Growth %	-	0.11%	-1.34%	0.79%	-4.53%	-0.24%	0.41%	-0.21%
EPS (Diluted)+	-0.20	-0.17	-0.51	-0.10	-0.47	-0.52	-0.31	-0.37
EPS Growth %	-	0.15%	-2%	0.81%	-3.86%	-0.11%	0.4%	-0.19%
EPS (Basic)	-0.20	-0.17	-0.51	-0.10	-0.47	-0.52	-0.31	-0.37
Diluted Shares Outstanding	4.92M	4.92M	3.95M	4.4M	4.98M	5.55M	5.55M	5.55M

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	1.64M	1.51M	13.54M	12.68M	16.65M	11.92M	10.01M	10.68M
Asset Growth %	-	-0.08%	7.99%	-0.06%	0.31%	-0.28%	-0.16%	0.07%
PP&E (Net)+	1.11M	1.09M	1.54M	1.68M	1.3M	888K	726K	756K
PP&E / Total Assets %	-	-	-	-	-	-	-	-
Total Current Assets+	536.51K	412.09K	12M	11M	15.08M	10.52M	8.76M	9.45M
Cash & Equivalents	396.27K	257.38K	11.67M	10.72M	14.62M	5.29M	4.28M	7.84M
Receivables	-48.12K	-62.36K	0	97.29K	34K	6K	234K	68K
Inventory	30.91K	28.69K	0	0	-3.48M	60.01K	0	3
Other Current Assets	109.25K	127.83K	270.82K	88.12K	3.58M	5.99K	63K	220K
Long-Term Investments	0	0	0	70.26K	272K	510K	527K	481K
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0
Other Assets	0	0	-1	-70.26K	-1K	0	0	0
Total Liabilities	1.73M	1.63M	2.2M	1.9M	1.91M	2.04M	2.21M	2.38M
Total Debt+	1.66M	1.53M	1.42M	1.41M	1.36M	1.24M	1.2M	1.34M
Net Debt	1.26M	1.27M	-10.25M	-9.3M	-13.26M	-4.06M	-3.08M	-6.5M
Long-Term Debt	1.66M	13.73M	1.11M	1.2M	1.01M	96K	78K	47K
Short-Term Borrowings	10.16K	0	23.02K	0	220K	973K	1000K	1000K
Capital Lease Obligations	0	0	286.77K	218.21K	127K	166K	87K	194K
Total Current Liabilities+	74.47K	101.8K	889.01K	583.07K	903K	1.86M	2.13M	2.24M
Accounts Payable	35.18K	10.8K	517.78K	43K	46K	75K	50K	70K
Accrued Expenses	0	0	224.69K	343K	428K	505K	718K	418.98K
Deferred Revenue	-10.16K	0	0	0	0	0	0	0
Other Current Liabilities	29.13K	90.88K	38K	101.07K	82K	228K	0	550.02K
Deferred Taxes	0	0	0	0	0	0	0	0
Other Liabilities	0	-12.2M	0	0	0	0	0	0
Total Equity+	-85.86K	-123.83K	11.33M	10.78M	14.73M	9.87M	7.8M	8.3M
Equity Growth %	-	-0.44%	92.54%	-0.05%	0.37%	-0.33%	-0.21%	0.06%
Shareholders Equity	-611.83K	-756.79K	11.33M	10.78M	14.73M	9.87M	7.95M	8.46M
Minority Interest	525.97K	632.97K	8.46K	0	0	0	-149K	-157.99K
Common Stock	255	242	75.36K	76K	98K	98K	98K	102K
Additional Paid-in Capital	1.74M	2.39M	15.07M	15.18M	23.12M	23.12M	23.12M	25.84M
Retained Earnings	-2.34M	-3.15M	-3.77M	-6.04M	-8.38M	-11.28M	-12.99M	-15.07M
Accumulated OCI	-3.6K	-7K	-47.63K	1.58M	-103K	-2.06M	-2.27M	-2.37M
Return on Assets (ROA)	-0.59%	-0.54%	-0.26%	-0.03%	-0.16%	-0.2%	-0.16%	-0.2%
Return on Equity (ROE)	-	-	-0.36%	-0.04%	-0.18%	-0.24%	-0.19%	-0.26%
Debt / Equity	-	-	0.13x	0.13x	0.09x	0.13x	0.15x	0.16x
Debt / Assets	1.01%	1.01%	0.11%	0.11%	0.08%	0.1%	0.12%	0.13%
Net Debt / EBITDA	-	-	-	-	-	-	-	-
Book Value per Share	-0.02	-0.03	2.87	2.45	2.96	1.78	1.41	1.5

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.13M	-910.84K	-1.4M	-2.36M	-2.53M	-2.46M	-2.6M	-1.82M
Operating CF Growth %	-	0.19%	-0.53%	-0.69%	-0.07%	0.03%	-0.06%	0.3%
Operating CF / Revenue %	-	-	-	-	-	-	-	-
Net Income	-1.13M	-910.84K	-1.94M	-2.21M	-2.35M	-2.9M	-1.87M	-2.11M
Depreciation & Amortization	0	0	22.25K	138.61K	248K	209K	170K	134K
Deferred Taxes	0	0	0	0	0	0	0	0
Other Non-Cash Items	-1.2K	56.34K	108	60.59K	-275K	179K	-339.97K	-4K
Working Capital Changes	1.2K	-56.34K	514.99K	-349.14K	-156K	51K	-565.03K	161K
Capital Expenditures+	0	0	-238.3K	-198.22K	-130K	-5.3M	1.22M	2.93M
CapEx / Revenue %	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-
Cash from Investing+	0	0	-238.3K	-145.07K	-130K	-5.3M	1.22M	2.93M
Acquisitions	0	0	0	0	-117K	-298K	-50K	-32K
Purchase of Investments	0	0	-80.22K	0	0	-5M	-4M	-1.41M
Sale of Investments	0	0	0	53.15K	0	1000K	1000K	1000K
Other Investing	0	0	0	0	0	-55.28M	269.87K	395.93K
Cash from Financing+	1.27M	842.65K	13.04M	-108.01K	7.86M	-320K	-81K	2.58M
Dividends Paid	0	0	0	0	0	0	0	0
Dividend Payout Ratio %	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	27.48K	1K	-96K	-96K	-317K	-75K	-98K
Stock Issued	0	0	12.88M	0	7.96M	0	0	2.73M
Share Repurchases	0	0	0	0	0	0	0	-49.9K
Other Financing	1.41M	0	166.67K	-12.01K	-7K	-3K	-6K	-3K
Net Change in Cash+	146.3K	-68.2K	11.41M	-2.58M	3.89M	-9.33M	-1.01M	3.56M
Exchange Rate Effect	0	0	-5.56K	37.79K	-1000K	-1000K	445K	-122K
Cash at Beginning	1	0	247.28K	13.29M	10.73M	14.62M	5.29M	4.28M
Cash at End	146.3K	-68.2K	11.66M	10.72M	14.62M	5.29M	4.28M	7.84M
Free Cash Flow+	-1.13M	-910.84K	-1.64M	-2.56M	-2.66M	-7.76M	-1.38M	1.11M
FCF Growth %	-	0.19%	-0.8%	-0.56%	-0.04%	-1.92%	0.82%	1.8%
FCF Margin %	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	-	-35.56%	-3.84%	-18.4%	-23.58%	-19.35%	-25.8%
EBITDA Margin	-4339.87%	-6120.49%	-	-	-9103.23%	-13069.23%	-733.01%	-1311.9%
Interest Coverage	-16.00x	-990.11x	-24.93x	-421.10x	-57.92x	-75.15x	-53.62x	-38.41x
CapEx / Revenue	0%	0%	-	-	419.35%	20388.46%	399.67%	1741.67%
Debt / Equity	-	-	0.13x	0.13x	0.09x	0.13x	0.15x	0.16x
EPS Growth	-	15%	-200%	81.02%	-385.54%	-10.64%	40.38%	-19.35%

Frequently Asked Questions

Growth & Financials

Eco Wave Power Global AB (publ) (WAVE) reported $0.2M in revenue for fiscal year 2024. This represents a 674% increase from $0.0M in 2017.

Eco Wave Power Global AB (publ) (WAVE) saw revenue decline by 45.1% over the past year.

Eco Wave Power Global AB (publ) (WAVE) reported a net loss of $3.0M for fiscal year 2024.

Dividend & Returns

Eco Wave Power Global AB (publ) (WAVE) has a return on equity (ROE) of -25.8%. Negative ROE indicates the company is unprofitable.

Eco Wave Power Global AB (publ) (WAVE) generated $1.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Eco Wave Power Global AB (publ) (WAVE) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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