Critical Analysis: Eco Wave Power Global AB (publ) (WAVE) vs. Its Competitors

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) is one of 141 public companies in the “Independent Power & Renewable Electricity Producers” industry, but how does it weigh in compared to its peers? We will compare Eco Wave Power Global AB (publ) to related companies based on the strength of its risk, institutional ownership, analyst recommendations, dividends, earnings, profitability and valuation.

Insider & Institutional Ownership

0.6% of Eco Wave Power Global AB (publ) shares are held by institutional investors. Comparatively, 35.2% of shares of all “Independent Power & Renewable Electricity Producers” companies are held by institutional investors. 31.3% of Eco Wave Power Global AB (publ) shares are held by company insiders. Comparatively, 21.7% of shares of all “Independent Power & Renewable Electricity Producers” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Volatility and Risk

Eco Wave Power Global AB (publ) has a beta of -0.39, suggesting that its share price is 139% less volatile than the S&P 500. Comparatively, Eco Wave Power Global AB (publ)’s peers have a beta of 0.63, suggesting that their average share price is 37% less volatile than the S&P 500.

Profitability

This table compares Eco Wave Power Global AB (publ) and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Eco Wave Power Global AB (publ)	N/A	-48.56%	-34.95%
Eco Wave Power Global AB (publ) Competitors	-34.33%	10.26%	0.78%

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Eco Wave Power Global AB (publ) and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Eco Wave Power Global AB (publ)	1	0	1	1	2.67
Eco Wave Power Global AB (publ) Competitors	956	2991	3827	191	2.41

Eco Wave Power Global AB (publ) presently has a consensus target price of $10.00, suggesting a potential upside of 114.13%. As a group, “Independent Power & Renewable Electricity Producers” companies have a potential upside of 137.50%. Given Eco Wave Power Global AB (publ)’s peers higher probable upside, analysts clearly believe Eco Wave Power Global AB (publ) has less favorable growth aspects than its peers.

Valuation & Earnings

This table compares Eco Wave Power Global AB (publ) and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Eco Wave Power Global AB (publ)	$38,000.00	-$3.70 million	-8.98
Eco Wave Power Global AB (publ) Competitors	$8.87 billion	$815.06 million	0.15

Eco Wave Power Global AB (publ)’s peers have higher revenue and earnings than Eco Wave Power Global AB (publ). Eco Wave Power Global AB (publ) is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Eco Wave Power Global AB (publ) peers beat Eco Wave Power Global AB (publ) on 9 of the 13 factors compared.

About Eco Wave Power Global AB (publ)

Eco Wave Power Global AB (publ) is a renewable energy technology company that develops systems designed to generate electricity from ocean and sea waves. Its technology uses floaters installed on existing marine structures, such as breakwaters, piers and ports. The movement of the waves drives hydraulic systems that power generators, while the equipment can be raised above sea level during severe weather conditions. Founded in 2011, the company has developed and commercialized a patented onshore wave energy conversion technology intended to reduce the infrastructure and maintenance challenges associated with offshore systems.