Stock fact sheet · data as of
Eco Wave Power Global AB (publ) (WAVE): fair value, margin of safety and Wheel Score
Ticker symbol WAVE · Utilities · Renewable Utilities · Israel · ADR · Speculative
WAVE is an American depositary share (ADR): the US listing of Eco Wave Power Global AB (publ), whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is WAVE undervalued?
WAVE closed at 4.52 on 5 Nov 2026, more than 30% above the GLS average fair value of 0.8099. Only 0 of the 1 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
The average is built from just 1 models (DCF) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files WAVE under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for WAVE
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 0.8099 | -82% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 0.6656 | -85% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 15.00 | +232% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Eco Wave Power Global AB (publ) scores only 3 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 1.4/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -53.0%, ROE -65.5%, ROA -45.7% - with debt at 0.24 times equity and negative free cash flow.
Eco Wave Power Global AB (publ) pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | -53.0% |
|---|---|---|---|
| GLS Moat | 1.4 / 10 | ROE | -65.5% |
| Debt / equity | 0.24 | ROA | -45.7% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 12: No options
No options are listed on Eco Wave Power Global AB (publ) in our nightly snapshot, so it fails the first Wheel Trade Filter (options that actually trade) (it reads 12, under 70) and is left out of every options scan; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 8k shares a day on a market cap of $26M, with a beta of -0.39 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | no listed options |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 458% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Fails | debt with no positive cash flow to repay it |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | no implied volatility |
| 8 | Big enough | Fails | market cap $26M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 4.52 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 458% above fair value | |
| Premium | Weak | no option data | |
| Moat | Weak | moat 1.4/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Fair | not scored yet - half marks | |
| Option trading | Weak | no option volume data | |
| Stability | Fair | beta -0.39, $26M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Eco Wave Power Global AB (publ) reports earnings on 16 Nov 2026 - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Renewable Utilities
The 12 companies below are the closest to Eco Wave Power Global AB (publ) by market cap within the Renewable Utilities industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| STEM Stem, Inc. | 2.88 | 17.68 | +84% | 22Weak | $28M |
| BESS Bimergen Energy Corporation | 2.81 | - | - | 12No options | $20M |
| VGAS Verde Clean Fuels, Inc. | 1.01 | 3.15 | +68% | 23No options | $45M |
| HTOO Fusion Fuel Green PLC | 1.62 | 67.89 | +98% | 24No options | $12M |
| PBK PowerBank Corporation Common Stock | 0.1600 | - | - | 11No options | $10M |
| WNDW SolarWindow Technologies, Inc. | 1.65 | 0.1155 | -1328% | 11No options | $109M |
| NXXT NextNRG Inc. | 2.54 | - | - | 12No options | $4M |
| ELLO Ellomay Capital Ltd. | 18.80 | 103.26 | +82% | 26No options | $259M |
| ADHI Arsenal Digital Holdings, Inc. | 0.1200 | 17.44 | +99% | 22No options | $2M |
| GFUZ General Fusion Group Ltd. | 5.66 | 1.41 | -301% | 15Weak | $457M |
| XIFR XPLR Infrastructure, LP | 7.72 | 37.05 | +79% | 51Fair | $728M |
| MMMW Mass Megawatts Wind Power, Inc. | 0.1385 | - | - | 9No options | $310K |
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Start free See the Sunday ScanQuestions about WAVE
Is WAVE undervalued right now?
No: at 4.52 the stock trades 458% above the GLS average fair value of 0.8099 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of WAVE and what does it mean?
WAVE has no listed options in our nightly snapshot, so it cannot be wheeled; it fails the first Wheel Trade Filter (options that actually trade), stays under 70 and is shown as "No options".
What is the GLS fair value for WAVE?
0.8099 per share as of 5 Nov 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Eco Wave Power Global AB (publ) report earnings next?
The next earnings report is due on 16 Nov 2026, 11 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does WAVE have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on WAVE, so the wheel strategy cannot be run on it and the Wheel Score stays under 70.
Is WAVE an ADR?
Yes. WAVE is an American depositary share (ADR): the US listing of Eco Wave Power Global AB (publ), whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.