WAVE Stock Financial Analysis - Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) (NasdaqCM) Stock

Overview

Eco Wave Power Global AB, based in Sweden, operates in the renewable energy sector, specifically focusing on the generation of electricity from ocean and sea waves. The company's innovative technology harnesses wave energy and converts it into a clean, renewable source of power. Key projects of Eco Wave Power notably include installations at the Gibraltar Wave Power Plant and collaboration initiatives such as the EDF One Wave Energy Pilot in Israel, demonstrating the firm’s commitment to expanding its global footprint while pushing forward the technological envelope in wave energy conversion. This operation reflects the company's strategy to capitalize on the growing demand for sustainable energy solutions worldwide, aligning with global efforts to transition towards more environmentally friendly power sources.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.17 MM.
The operating income for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -2.49 MM.
The net income for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -2.95 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	0.17	-2.49	-2.95
2025-03-31	0.17	-2.36	-2.06
2024-12-31	0.17	-2.26	-2.08
2024-09-30	0.28	-2.48	-2.21
2024-06-30	0.31	-2.35	-1.85
2024-03-31	0.31	-2.36	-1.71
2023-12-31	0.31	-2.39	-1.71
2023-09-30	0.03	-2.93	-1.94
2023-06-30	0.00	-3.12	-2.33
2023-03-31	0.00	-3.37	-2.70
2022-12-31	0.03	-3.59	-2.90
2022-09-30	0.03	-3.44	-2.60
2022-06-30	0.03	-3.60	-2.54
2022-03-31	0.03	-3.42	-2.59
2021-12-31	0.03	-3.06	-2.35
2021-09-30	0.26	-23.06	-21.62
2021-06-30	0.03	-2.32	-2.32
2021-03-31	0.03	-1.88	-1.96
2020-12-31		-1.82	-1.96
2020-09-30		-17.31	-16.77
2020-06-30
2020-03-31

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30
2025-03-31
2024-12-31	-0.37
2024-09-30	-0.40	-0.40
2024-06-30	-0.33	-0.33
2024-03-31	-0.31	-0.31
2023-12-31	-0.31
2023-09-30	-0.35	-0.35
2023-06-30	-0.42	-0.42
2023-03-31	-0.49	-0.49
2022-12-31	-0.52
2022-09-30	-0.47	-0.47
2022-06-30	-0.46	-0.46
2022-03-31	-0.49	-0.49
2021-12-31	-0.47
2021-09-30	-4.61	-4.61
2021-06-30	-0.53	-0.53
2021-03-31	-0.47	-0.47
2020-12-31	-0.45
2020-09-30	-2.64	-2.64
2020-06-30	-3.80	-3.80
2020-03-31	-4.63	-4.63

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -2.45 MM.
The cash from investing activities for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -1.17 MM.
The cash from financing activities for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is 2.52 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	-2.45	-1.17	2.52
2025-03-31
2024-12-31	-1.82	2.93	2.58
2024-09-30
2024-06-30	-2.43	5.45	-0.10
2024-03-31
2023-12-31	-2.60	1.22	-0.08
2023-09-30
2023-06-30	-2.96	-5.14	-0.30
2023-03-31
2022-12-31	-2.46	-5.30	-0.32
2022-09-30
2022-06-30	-1.75	-0.32	7.86
2022-03-31
2021-12-31	-2.53	-0.13	7.86
2021-09-30	-17.70	-0.36	65.83
2021-06-30	-2.33	-0.05	-0.09
2021-03-31
2020-12-31	-2.11	-0.13	-0.10
2020-09-30	-6.16	-2.43	-6.34
2020-06-30
2020-03-31

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -16.19.
The p/book for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is 4.33.
The p/tbv for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is 4.24.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30	-16.19	4.33	4.24
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31	-5.97	1.49
2022-12-31		1.59	1.59
2022-09-30		1.83	1.83
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -0.08.
The ebit (3y)/ev for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -0.08.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	-0.08	-0.08
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31	-0.24	-1.34
2022-12-31	-0.22	-1.14
2022-09-30	-0.25	-1.32
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2021-06-30
2021-03-31
2020-12-31
2020-09-30
2020-06-30
2020-03-31

Management Effectiveness

The roa for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -0.24.
The roe for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -0.32.
The roic for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -0.23.
The croic for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.39.
The ocroic for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -0.20.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	-0.24	-0.32	-0.23	0.39	-0.20
2025-03-31	-0.22	-0.29	-0.22	0.37	-0.19
2024-12-31	-0.22	-0.28	-0.31	0.47	-0.34
2024-09-30	-0.18	-0.23	-0.24	0.44	-0.32
2024-06-30	-0.15	-0.19	-0.21	-0.12	-0.32
2024-03-31	-0.16	-0.20	-0.21	-0.89	-0.32
2023-12-31	-0.16	-0.19	-0.21	-0.89	-0.32
2023-09-30	-0.20	-0.23	-0.24	0.00	0.00
2023-06-30	-0.21	-0.25	-0.24	-0.85	-0.30
2023-03-31	-0.02	-0.02	-0.25	0.00	0.00
2022-12-31	-0.02	-0.02	-0.22	0.00	0.00
2022-09-30	-0.02	-0.02	-0.22	0.00	0.00
2022-06-30	-0.26	-0.32	-0.11	0.14	-0.08
2022-03-31	-0.19	-0.22	-0.18	0.26	-0.18
2021-12-31	-0.21	-0.24	-0.13	0.31	-0.12
2021-09-30	-0.20	-0.23	-0.14	0.32	-0.24
2021-06-30	-0.18	-0.22	-0.24	-0.25	-0.24
2021-03-31	-0.14	-0.17	-0.74	-0.36	-0.20
2020-12-31	-0.14	-0.17	-0.18	-0.21	-0.19
2020-09-30	-0.13	-0.15	-0.16	-0.15	-0.06
2020-06-30	-1.04	-5.11	-0.20	0.86	-0.15
2020-03-31	-16.61		-0.18	0.93	-0.14

Gross Margins

The gross margin for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.75.
The net margin for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -12.24.
The operating margin for Eco Wave Power Global AB (publ) - Depositary Receipt (Common Stock) as of June 30, 2025 is -14.02.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	0.75	-12.24	-14.02
2025-03-31	0.75	-12.36	-13.45
2024-12-31	0.86	-7.91	-8.89
2024-09-30	0.81	-6.05	-7.69
2024-06-30	0.81	-5.58	-7.72
2024-03-31	0.30	-71.93	-108.37
2023-12-31	0.30	-71.93	-108.37
2023-09-30
2023-06-30	0.15
2023-03-31	0.15
2022-12-31	0.15	-100.08	-132.46
2022-09-30	0.15	-100.08	-132.46
2022-06-30	0.17	-97.58	-149.08
2022-03-31	0.12	-91.54	-120.31
2021-12-31	0.12	-74.69	-98.23
2021-09-30	0.12	-82.52	-88.01
2021-06-30	0.12	-80.00	-79.56
2021-03-31	7.53	-64.49	-61.82
2020-12-31
2020-09-30	2.36	-9.77	-9.46
2020-06-30	2.00	-12.49	-11.93
2020-03-31	-1.50	-12.06	-11.99