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Eco 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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Eco Wave Power Global AB (ADR) develops wave-energy converters that attach to coastal and offshore structures to generate electricity from ocean waves. Long-term growth drivers include global decarbonization and demand for diversified renewables, commercialization and scaling of its technology, and potential licensing or partnerships with infrastructure owners that could support deployment.
Key risks are early-stage technology and commercialization, limited operating track record and revenues, project execution and permitting hurdles, and ongoing financing needs that could constrain growth.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -2.90M | -2.35M | -2.21M | -1.94M | -0.90M |
| Minority interest | 0.00M | 0.00M | -0.14M | 0.08M | 0.41M |
| Net income | -2.14M | -2.40M | -2.21M | -2.02M | -0.85M |
| Selling general administrative | 2.35M | 2.67M | 1.45M | 1.07M | 4.70M |
| Selling and marketing expenses | 0.27M | 0.15M | 0.08M | - | - |
| Gross profit | 0.00M | 0.00M | - | -0.40M | -0.31M |
| Reconciled depreciation | 0.21M | 0.25M | 1.14M | 0.21M | 0.20M |
| Ebit | -3.59M | -3.06M | -2.04M | -1.88M | -8.54M |
| Ebitda | -3.41M | -2.83M | -2.01M | -1.26M | -0.85M |
| Depreciation and amortization | 0.18M | 0.23M | 0.03M | 0.62M | - |
| Operating income | -3.59M | -3.06M | -2.04M | -1.88M | -0.85M |
| Other operating expenses | 3.61M | 3.09M | 2.04M | 1.34M | 0.95M |
| Interest expense | 0.05M | 0.05M | 0.06M | 0.08M | 0.00M |
| Tax provision | 0.00M | 0.00M | 0.01M | - | - |
| Interest income | 0.00M | - | - | 0.22M | 0.39M |
| Net interest income | -0.06M | -0.07M | -1.39M | -0.54M | 0.38M |
| Income tax expense | -0.76M | 0.05M | 0.00M | 0.08M | -0.04M |
| Total revenue | 0.03M | 0.03M | 0.00M | 0.00M | 0.01M |
| Total operating expenses | 3.59M | 3.06M | 2.04M | 0.94M | 0.63M |
| Cost of revenue | 0.02M | 0.03M | - | 0.40M | 0.32M |
| Total other income expense net | 0.69M | 0.71M | -0.17M | -0.06M | -0.04M |
| Net income from continuing ops | -2.90M | -2.35M | -18.13M | -18.12M | -8.19M |
| Net income applicable to common shares | -2.90M | -2.35M | -1.96M | -2.00M | -7.65M |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 10.68M | 10.01M | 11.92M | 16.65M | 12.68M |
| Other current assets | 0.28M | 0.08M | 0.06M | 0.40M | 0.14M |
| Total liab | 2.38M | 2.21M | 2.04M | 1.91M | 1.90M |
| Total stockholder equity | 8.46M | 7.95M | 9.87M | 14.73M | 10.78M |
| Other current liab | 0.97M | 0.96M | 0.73M | 0.51M | 0.44M |
| Common stock | 0.10M | 0.10M | 0.10M | 0.10M | 0.09M |
| Capital stock | 0.10M | 0.10M | 0.10M | 0.10M | 0.09M |
| Retained earnings | -15.07M | -12.99M | -11.28M | -8.38M | -6.50M |
| Other assets | - | - | - | 0.00M | 0.00M |
| Cash | 7.84M | 4.34M | 5.29M | 14.62M | 10.72M |
| Total current liabilities | 2.24M | 2.13M | 1.86M | 0.90M | 0.58M |
| Current deferred revenue | - | 0.00M | - | - | - |
| Net debt | -6.50M | -3.14M | -4.06M | -13.26M | -9.30M |
| Short term debt | 1.20M | 1.12M | 1.05M | 0.35M | 0.10M |
| Short long term debt | 1.10M | 1.04M | 0.97M | 0.22M | 0.00M |
| Short long term debt total | 1.34M | 1.20M | 1.24M | 1.36M | 1.41M |
| Other stockholder equity | 25.80M | 23.12M | 23.12M | 23.12M | 17.16M |
| Property plant equipment | - | - | 0.89M | 1.29M | 1.68M |
| Total current assets | 9.45M | 8.76M | 10.52M | 15.08M | 11.00M |
| Long term investments | 0.48M | 0.53M | 0.51M | 0.27M | - |
| Net tangible assets | - | - | 9.87M | 14.73M | 10.79M |
| Short term investments | 1.25M | 4.10M | 5.00M | - | - |
| Net receivables | 0.07M | 0.23M | 0.01M | 0.06M | 0.10M |
| Long term debt | 0.05M | 0.08M | 0.10M | 1.01M | 9.79M |
| Inventory | 0.00M | 0.00M | - | - | - |
| Accounts payable | 0.07M | 0.05M | 0.07M | 0.05M | 0.04M |
| Accumulated other comprehensive income | -2.37M | -2.28M | -2.06M | -0.10M | 0.02M |
| Non currrent assets other | - | - | - | -0.00M | - |
| Non current assets total | 1.24M | 1.25M | 1.40M | 1.57M | 1.68M |
| Capital lease obligations | 0.19M | 0.09M | 0.17M | 0.13M | 1.79M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -5.30M | -0.12M | 0.05M | -0.08M | 0.01M |
| Change to liabilities | 0.09M | 0.09M | -0.34M | 0.78M | -0.28M |
| Total cashflows from investing activities | -5.30M | -0.13M | -0.13M | -0.24M | -0.74M |
| Net borrowings | -0.32M | -0.10M | -0.10M | 0.00M | 0.25M |
| Total cash from financing activities | -0.32M | 7.86M | -0.11M | 13.04M | 0.84M |
| Change to operating activities | - | -1.87M | 0.27M | -0.80M | 0.57M |
| Net income | -2.90M | -2.35M | -2.21M | -1.94M | -0.91M |
| Change in cash | -9.33M | 3.89M | -2.58M | 11.41M | -0.07M |
| Begin period cash flow | 14.62M | 10.73M | 13.29M | 0.25M | 3.40M |
| End period cash flow | 5.29M | 14.62M | 10.72M | 11.66M | -0.07M |
| Total cash from operating activities | -2.46M | -2.53M | -2.36M | -1.40M | -0.91M |
| Issuance of capital stock | 0.00M | 7.96M | 0.00M | 13.86M | 0.74M |
| Depreciation | 0.21M | 0.25M | 0.14M | 0.02M | 0.20M |
| Other cashflows from investing activities | - | - | - | - | -0.00M |
| Change to account receivables | -0.04M | -0.24M | 0.03M | -0.10M | -0.03M |
| Other cashflows from financing activities | -0.20M | -0.13M | -0.15M | -0.81M | -0.98M |
| Change to netincome | 0.18M | -0.28M | 0.04M | 0.09M | -0.52M |
| Capital expenditures | 0.00M | 0.01M | 0.20M | 0.16M | 0.75M |
| Change in working capital | 0.05M | -0.16M | -0.35M | 0.51M | -0.06M |
| Other non cash items | 0.18M | -0.28M | 0.06M | 0.00M | 0.06M |
| Free cash flow | -2.46M | -2.54M | -2.56M | -1.56M | -0.91M |
Sector: Utilities Industry: Utilities - Renewable
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WAVE Eco Wave Power Global AB ADR |
0.21 4.71% |
4.67 | - | - | 225.32 | 4.82 | 182.50 | -3.59 |
| DNNGY Orsted A/S ADR |
-0.08 1.12% |
7.08 | 83.60 | 25.45 | 0.46 | 1.47 | 3.58 | 11.21 |
| OEZVY Verbund AG ADR |
-0.17 1.07% |
15.68 | 10.72 | 13.53 | 2.57 | 3.06 | 2.51 | 6.50 |
| FOJCF Fortum Oyj |
- -% |
25.64 | 26.44 | 18.35 | 4.62 | 2.14 | 4.15 | 15.15 |
| AXICY AXIA Energia SA |
0.09 1.00% |
8.60 | 10.18 | 20.75 | 0.55 | 1.00 | 3.90 | 16.47 |
Eco 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.
52 Derech Menachem Begin Street, Tel Aviv, Israel, 6713701
972 3 509 4017
12
| Name | Title | Year Born |
|---|---|---|
| Ms. Inna Braverman | Founder, CEO & Director | 1986 |
| Mr. Aharon Yehuda | Chief Financial Officer | 1963 |
| Mr. Pedro Ernesto Ferreira | Head of Portuguese Operations | NA |
| Mr. David Leb | Founder & Independent Director | 1962 |
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